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Protein Powder Market Size

  • Report ID: GMI4929
  • Published Date: Dec 2022
  • Report Format: PDF

Protein Powder Market Size

Protein Powder Market size surpassed USD 21.5 billion in 2022 and is anticipated to expand at 6.5% CAGR from 2023 to 2032.

 

The global market for vegan protein powder is poised to cross USD 8.8 billion by 2032. A steady shift in consumer preference for vegan food alternatives will complement the protein powder market outlook. Several countries have reported a significant growth in the spread of animal-borne diseases, compelling people to adopt a vegan diet. The emergence of novel pandemics and epidemics worldwide has further propelled consumer interest in holistic lifestyles resulting in implementation of lifestyle changes and dietary interventions. Additionally, rising incidences of water-borne illnesses such as cholera, and diarrhea in young children below the age of five will accelerate the consumption of high-value food productions to meet nutritional requirements.

 

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size for protein powder was worth more than USD 21.5 billion in 2022 and is anticipated to witness a 6.5% CAGR from 2023-2032.

The animal-based source segment is anticipated to surpass USD 34 billion by 2032 due to increasing use in the feed-compounding sector.

The market for protein powder in North America is poised to exceed USD 18 billion by 2032 driven by vegan and plant-based nutrition trends.

ABH Pharma Inc, Melaleuca Inc, Amway, Makers Nutrition, Living Inc, Omega Protein, Vitaco Health, Dalblads, Nestlé, Atlantic Multipower are some of the leading manufacturers of protein powder.

Protein Powder Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 383
  • Countries covered: 20
  • Pages: 230
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