Protein Supplements Market Trends Analysis Report By  Source, Product, Application, Distribution Channel, Region And Forecast 2027

23/giu/2020 13:17:27 Grand View Research Contatta l'autore

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Protein Supplements Market

San Francisco, 23 June 2020: The Report Protein Supplements Market Size, Share & Trends Analysis Report By Product (Protein Powders, Protein Bars), By Source, By Distribution Channel, By Application, By Region, And Segment Forecasts, 2020 – 2027

The global protein supplements market is anticipated to a market size of USD 32.6 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 8.0% during the forecast period. Growing number of fitness centers, gyms, and health clubs signify the increasing inclination toward healthier lifestyle. Athletes, bodybuilders, and recreational users have been the traditional consumers over the past few years.

Rising health concerns among modern populace, due to various reasons such as sedentary lifestyle, ageing and imbalanced diet among others, are bound to increase the demand for protein supplements and  boost the growth of the market.

Rising urbanization and disposable income along with booming standard of living makes the larger populace capable to spend on healthy lifestyle, this makes protein supplements an important product to invest on.

Based on a study from the IHRSA, about 1 in 5 Americans belong to a health club or studio. It makes sense that as the number of health clubs and gyms has risen, so has the number of members. As the number of gym subscription rises, so is the demand for protein supplements in the market.

Protein supplements have a high consumption rate in sports nutrition segment. Consumption is expected to grow at a good rate which will lead to a big boost to the protein supplements market after the slowdown related to COVID 19 impact.

Access Research Report of Protein Supplements Market

Recent Market Developments in Protein Supplements Market

  • In February 2019, Glanbia has agreed to acquire Watson a non-dairy ingredient solutions business headquartered in Connecticut (US) for US$89 million (€78.65 million). Watson is presented as a highly complementary addition to Glanbia’s Nutritional Solutions business and will help broaden their capabilities in the ingredients sector.
  • The Simply Good Foods Co., a developer and marketer of nutritional foods and snacks under the Atkins and Simply Protein brands, has agreed to acquire Quest Nutrition.

The acquisition of Quest strengthens Simply Good Foods’ position within the nutritional snacking category by expanding the portfolio of brands and product offerings while also providing the buyer with greater consumer and channel diversification.

  • In September 2019, NOW Acquires SuperNutrition Brand

NOW expands supplement product lines with acquisition of SUPERNUTRITION high potency vitamin brand. NOW expects to expand the SuperNutrition line, while keeping the founder’s formulation principles and family business ethics.

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