Axiom Market Research & Consulting added a, “Protein Supplements Market Report, By Source, Raw Material, Products, Distribution channel and Geography – Global Market Share, Trend Analysis & Forecast Up To 2024”. The Global protein supplement market is forecast to grow at a CAGR 6.0% to 7.0% during the forecast period 2018-2024. The growth of the market can be attributed to rising awareness about the benefits of including healthy diet & exercise and the growing demand for higher protein density in mainstream diet. Rising health awareness among the consumers drives the growth of the industry. The growing demand for fitness supplements from consumers and athletes is expected to fuel market growth over the forecast period. The major restrain for the global protein supplements market is availability of cheap substitutes of protein supplements along with negative publicity & false claims affect the reputation of the protein supplement industry. The report analyses the global protein supplements market by source, raw material, product, distribution channel and application. By source the market is further segmented into animal based and plant based. Animal based protein supplements was the dominant segment due to easy availability and presence of high nutritional value. Plant based protein supplements are expected to grow at higher CAGR during the forecast period. By raw material the global protein supplements market is bifurcated into whey, casein, soy, pea and others (egg protein, wheat, rice, canola and collagen). Whey was the fastest growing raw material segment accounted for the highest CAGR. Pea raw material segment is expected to witness a growth in the forecast period followed by soy and casein. Scope & Analysis of the Report Based on Geography: The global market is studied for key regions such as, North America which includes U.S., Canada and Mexico, Europe which includes Germany, France, U.K., Italy, Rest of Europe, Asia Pacific which includes China, Japan, India, South Korea, Rest of Asia pacific and Rest of the world which includes Latin America and Middle East and Africa. Ask for Sample PDF of report at https://axiommrc.com/request-forsample/?report=1684 Based on product, the global protein supplements market is segmented into protein powder, protein bars, ready to drink and others. Protein powder dominates the protein supplements market due to increase in demand from athletes, body builders, and casual exercisers. Ready to drink segment is expected to witness fastest growth rate. Global Protein Supplements Market Is Led By Leading Manufacturers:
Abbott Laboratories Hormel (CytoSport) Transparent Labs The Nature’s Bounty Co. NOW Foods JYM Supplement Science
RSP Nutrition Nutrabolt BPI Sports LLC Glanbia Plc Forever Living Inc Melaleuca Inc Dymatize Enterprises LLC DSM Amway Corp GlaxoSmithKline etc.
Inquire for further detailed information about Protein Supplements Market Report at https://axiommrc.com/speak-to-analyst/?report=1684 Protein Supplements Market Is segmented On the Basis By source:
Animal Based and Plant Based
Protein Supplements Market Is Segmented on the Basis of product:
Protein Powder Protein Bars Ready to Drink and others.
The distribution channel use by the protein supplements manufacturers is divided into supermarkets and hypermarkets, online stores, convenience stores, drug stores and others (Chemist, speciality sports store). Online stores accounted for majority sales due to increasing number of internet users, ease of access, fast paced lifestyle, 24/7 availability, convenience and access to wide options. About Us: Axiom Market Research & Consulting, a global market research firm driven with a simple aim of providing key actionable data to companies for taking informed business decisions pertaining to their marketing strategy, investments, new product launch, market competition etc. Our creative research approaches help us to extract, analyze and compare markets along with peer markets, main or parent market, application and end user industries, competitive landscape and qualitative figures to arrive at market numbers. Backed by a team of experienced analyst, who have worked with leading research firms and delivered number of market research projects globally, Axiom Market Research & Consulting is able to cater to all market research and business consulting requirements. With a worldwide client base, Axiom Market Research & Consulting aims to be a global leader and defacto partner in your company’s growth.
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