Global Protein Supplement Market to Grow at 4.56% CAGR, Expects MRFR in Its Topical Report Now Available at MarketPublishers.com
09 Aug 2017 • by Natalie Aster
LONDON – Encouraged by huge nutritional value and enhancing awareness about health benefits provided by protein supplements, the world’s demand for protein supplements is predicted to gain traction at a rapid pace in the short run. The volume of the global market for protein supplements is anticipated to reach 1,247.78 kilo tonnes by 2023. Robust growth in this market will be spurred by the rising health consciousness, ongoing economic development, increasing disposable incomes and boosting demand.
The constantly rising interest towards vegan lifestyle is expected to drive growth in the plant sourced protein supplement sector, which is likely to exhibit the highest CAGR amid all protein supplements market segments through 2023. Globally, the volume of this sector will hit the 600 kilo tonnes mark by 2023.
Region-wise, the global protein supplement market is predicted to be ruled by North America, closely followed by APAC and Europe. North America is expected to capture the mammoth share of over 35% of the overall market. Meantime, the APAC market for protein supplements is expected to boast the highest growth rate of 5.87% during 2017-2023, while Europe and RoW will demonstrate growth at moderate rates.
The comprehensive MRFR research package “Global Protein Supplement Research Report- Forecast to 2023” is aimed at analysing the world’s markets for protein supplements. It studies the market segmentation on the basis of sources, forms, applications and regions. This cutting-edge report estimates the market size and shares, highlights the market dynamics (including the major market growth drivers, challenges ad restraints), offers regional markets analysis, discusses the prevailing market trends, identifies lucrative prospects and opportunities, covers the market competitive landscape, includes 7 all-around profiles of the prominent companies, discloses data on the industry structure, includes supply chain analysis, comprises Porter’s five forces analysis and many more. Additionally, future forecasts for the market up to 2023 are at hand in this in-demand report.
Follow to this page at MarketPublishers.com to find other comprehensive reports elaborated by our research partner, Market Research Future (MRFR).