The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

A growing number of fitness enthusiasts is likely to boost protein powder production innovation, hence driving the market during the forecast period.

The global protein powder market is expected to grow from $23.62 billion in 2022 to $25.23 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The global protein powder market size is expected to grow to $32.76 billion in 2027 at a CAGR of 6.7%.

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Global Protein Powder Market Segments Include:

• By Type: Casein Protein, Whey Protein, Egg Protein, Soy Protein
• By Flavor: Chocolate, Cookies And Cream, Vanilla, Strawberry, Other Flavors
• By Sources: Plant Sources, Animal Sources
• By Distribution Channel: Nutrition Stores, Supermarkets, Chemists, Online, Other Channels
• By End Use: Dietary Supplements, Food and Beverages, Pharmaceuticals, Other Uses
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global protein powder market in 2021.

Major Market Players in the protein powder market include Omega Protein Corporation, Amway Corp., Abbott Laboratories, Glanbia Plc., Herbalife International of America Inc., Vitaco Health Limited, ABH Pharma Inc., GSK Plc., Makers Nutrition LLC.

Product innovations have emerged as a prominent trend in the protein powder market, gaining traction. Major players in the protein powder market are focusing on providing new creative solutions to increase their market position. Dymatize Enterprises LLC, a US-based distributor of nutritional and bodybuilding supplements, for example, developed the Dymatize Complete Plant Protein, a new and unique vegan plant-based protein powder, in July 2022. It is specially created with a comprehensive amino acid profile and performance protein blend derived from five plant sources to boost muscles and aid in recovery. It is a lactose-free powder that mixes readily with water or milk substitutes and has 25 grammes of full protein and 160 calories.

The Protein Powder Global Market Report 2023  provides a protein powder market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The protein powder market forecast analyzes protein powder market size, protein powder market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Protein powder is a nutritional supplement that has a high amount of protein either from animal meals such as milk and eggs or from plant sources. They are used to increase muscle mass and heal tissue.

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