Protein Powder Market – Growth, Trends and Forecast

The Protein Powder Global Market Report 2023, provides comprehensive information on the protein powder market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Protein Powder Global Market Report 2023, the global protein powder market size 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. 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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Product innovations have emerged as a key trend gaining popularity in the protein powder market. Major companies operating in the protein powder market are focused on developing new innovative solutions to strengthen their position in the market. For instance, in July 2022, Dymatize Enterprises LLC, a US-based provider of a variety of nutritional and bodybuilding supplements, launched the Dymatize Complete Plant Protein, a new and unique vegan plant-based protein powder. It is uniquely designed with a complete amino acid profile and performance protein blend from five plant sources that support the muscles and help the body recover. It is a lactose-free powder that easily mixes in water or milk alternatives and offers 25 grams of complete protein with 160 calories.

The protein powder market is segmented:

1) By Type: Casein Protein, Whey Protein, Egg Protein, Soy Protein

2) By Flavor: Chocolate, Cookies And Cream, Vanilla, Strawberry, Other Flavors

3) By Sources: Plant Sources, Animal Sources

4) By Distribution Channel: Nutrition Stores, Supermarkets, Chemists, Online, Other Channels

5) By End Use: Dietary Supplements, Food and Beverages, Pharmaceuticals, Other Uses

North America was the largest region in the protein powder market in 2022.

The table of contents in TBRC’s protein powder market report includes:

1. Executive Summary
2. Protein Powder Market Characteristics
3. Protein Powder Market Trends And Strategies
4. Protein Powder Market – Macro Economic Scenario
5. Protein Powder Market Size And Growth

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26. Africa Protein Powder Market
27. Protein Powder Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Protein Powder Market
29. Protein Powder Market Future Outlook and Potential Analysis
30. Appendix

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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.

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