U.S. Protein Supplement Market Size Growing at 7.7% CAGR to Hit $3.58 billion by 2028
The U.S. Protein Supplement Market report includes an in-depth analysis of the prime market players such as ABH Pharma Inc., Abbott Laboratories, Glanbia Corp., Amway Corporation, Herbalife International of America Inc., GlaxoSmithKline, GNC Holdings, Bob's Red Mill, Nutiva Inc., and MusclePharm Corporation.
Get Sample PDF Of This Report: https://www.alliedmarketresearch.com/request-sample/12303
Health benefits
associated with consuming protein supplements and rise in fitness concerns
among people in different regions drive the U.S. protein supplement market
growth. In addition, increase in number of fitness & training centers,
surge in disposable income, and alarming rise in obesity rates also fuel the
U.S. protein supplement market growth. However, presence of cheap replacements
and false claims coupled with negative publicity are expected to hamper the
growth of the U.S. protein supplement market during the forecast period. Rise
in protein supplement demand from health-conscious young population of the
developing nations as well as strengthening of distribution channels in
untapped regions are expected to provide numerous opportunities for expansion
of the U.S. protein supplement market industry. The online segment was the
leading distribution channel in the protein supplement market analysis in 2019
with the highest CAGR of 8.5% during the forecast period.
Buy Now https://www.alliedmarketresearch.com/us-protein-supplement-market/purchase-options
This was attributed to the large number of
options or alternatives present in online shopping resulting in convenience of
people willing to buy protein supplement or related products. According to
studies, protein supplements maintain blood pressure, improve immune system,
aid in weight management, and reduce risk of cardiovascular diseases. In 2019,
the whey protein segment occupied a major U.S. protein supplement market share,
accounting for more than one-third revenue of the market. This U.S. protein supplement
market trend is expected to continue during the forecast period as well, owing
to its ease in digestibility, richness in branched-chain amino acids, and other
factors. The soy protein segments accounted for the second highest market share
in 2019, and is expected to grow at the highest CAGR during the forecast
period. Obesity is the cause of many diseases and health hazards, owing to
which more people are willing to lose weight and stay fit. Also, a large
section of people are consuming protein supplements to develop muscles or gain
weight. This results in expansion of the protein supplement market in all the
regions.
U.S. Protein Supplement Market is segmented
on the basis of type, form, source, gender, age group, and distribution
channel.
Based on type, the soy protein segment is
expected to register the highest CAGR of 8.8% during the forecast period.
However, the whey protein segment held the largest share in 2019, accounting
for nearly two-fifths of the market.
On the basis of form, the RTD liquid
segment is anticipated to manifest the highest CAGR of 8.7%
during the forecast period. However, the powder segment held the lion’s share
in 2019, contributing to more than three-fourths of the market.
Request
For Customization: https://www.alliedmarketresearch.com/request-for-customization/12303
Based on distribution channel, the
e-commerce segment dominated the market in 2020, holding nearly one-fifth of
the market. Moreover, the segment is expected to register the highest CAGR of
8.5% from 2021 to 2028.
Comments
Post a Comment