Market Share's Protein Supplements Market - Industry Insights, | Page 2

Ready to drink (RTD), protein powders, protein bars, and other product types could be explored in protein supplements
in the forecast period. Protein powder sector accounted for the substantial market share of protein supplements and
is estimated to lead the overall market in the years to come. Also, ready to drink (RTD) sector is estimated to grow at
the fastest pace in the years to come.
Direct to consumer (DTC), supermarket, online stores, and other distribution channels could be explored in protein
supplements industry in the forecast period. Online stores sector accounted for the substantial share of the market
and is estimated to lead the overall market in the years to come. The reason could be the growing number of internet
users, convenience, and the availability of several options. Also, direct to consumer (DTC) sector is estimated to grow
at the fastest pace in the years to come.
The market may be categorized based on applications like functional foods, sports nutrition, and others could be
explored in the forecast period. Sports nutrition sector accounted for the significant market share of protein
supplements and is estimated to continue its dominance in the years to come.
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Globally, North America accounted for the substantial market share of protein supplements and is estimated to lead
the overall market in the years to come. The reason behind the overall market growth could be the presence of key
manufacturers in the region, the developing sports nutrition industry, and the high demand for fitness supplements
from athletes and customers. The United States and Canada are the major consumers of protein supplements in this
region.
Europe and the Asia Pacific are also estimated to have a positive influence on future growth. Europe is the second
largest region with significant market share. The reason could be the high demand for protein supplements and the
increasing trend of healthy living. However, Asia Pacific is estimated to grow at the highest CAGR in the forecast period.
The key players of the protein supplements market are IOVATE, Glanbia Plc, Quest Nutrition, GNC, NOW Foods, AMCO,
and NBTY. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
Market Segment:
The various contributors involved in the value chain of Protein Supplements include manufacturers, suppliers,
distributors, intermediaries, and customers. The key manufacturers in the Protein Supplements include
• Glanbia
• GNC
• NOW Foods