The U.S. Protein Supplement Market To Reach $ 3.58 Billion By 2028:
According to the report published by Allied Market Research, the US protein supplements market is expected to reach $ 3.58 billion by 2028, registering a CAGR of 7.7% from 2021 to 2028. The report describes the characteristics of the market, growth by segmentation, market potential and competitive landscape.
Shankar Bhandalkar, Team Leader, Food and Beverage at Allied Market Research, said, “Protein supplement demand among Millennials is expected to post the highest CAGR of 8.1% during the forecast period and will continue. to hold a dominant stake by 2028. “
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The study offers an in-depth analysis of the market dynamics including drivers, restraints, challenges, and opportunities to assist leading market players to design business strategies and capitalize on opportunities. Rising people’s awareness of health and fitness, increasing disposable income, increasing obesity rate, and increasing demand from the millennial population are driving the growth of the U.S. health supplements market. protein. However, side effects, negative advertising and claims, and the presence of cheaper substitutes are hampering the growth of the market. On the contrary, the increase in demand from the young population should open up new opportunities for market players in the future.
The report provides a detailed study of the impact of the Covid-19 pandemic on the US protein supplement market. The impact analysis of Covid-19 is vital for market players to formulate strategies regarding the current scenario and improve the business model for the future. The pandemic has presented several challenges such as disruption of the supply chain and rising commodity prices. In addition, the shortage of labor and raw materials has resulted in a gap between supply and demand in the market.
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The report includes a comprehensive analysis of the US protein supplements market segmentation on the basis of type, form, source, gender, age group, and distribution channel. The study is vital for investors, new market entrants and stakeholders to understand the fastest growing segment and the highest growing segment during the historical period and forecast period. .
On the basis of shape, the RTD liquids market held the fastest CAGR of 8.7% during the forecast period. However, the powders segment captured the lion’s share in 2019 and will continue to dominate in terms of revenue through 2028.
On the basis of type, whey protein segment is expected to hold the largest share during the forecast period. However, the soy protein segment is expected to post the highest CAGR of 8.8% during the forecast period.
Based on the source, the animal segment is expected to maintain its dominance in terms of revenue over the forecast period and would have the highest CAGR of 7.8% from 2021 to 2028.
The US Protein Supplements Market report includes a detailed study of major market players such as Abbott Laboratories, Amway Corporation, ABH Pharma Inc., GlaxoSmithKline, Glanbia Corp., Herbalife International of America Inc., GNC Holdings, MusclePharm Corporation and Bob’s Red Moulin, Nutiva Inc.
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About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market areas. AMR offers its services in 11 verticals including life sciences, consumer goods, materials and chemicals, construction and manufacturing, food and beverage, energy and power, semiconductors and electronics, automotive and transportation, ICT and media, aerospace and defense and BFSI.
We have professional relationships with various companies, which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is extracted through primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.
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