Protein Drink Market Revenue Set to Surge by 2029
Protein Drink Market Overview:
Maximize Market Research is a Business Consultancy Firm that has published a detailed analysis of the Protein Drink Market. The report includes key business insights, demand analysis, pricing analysis, and competitive landscape. The report provides the current state of the Protein Drink market by thorough analysis, and projections are made up to 2030.
Expected Expansion of Protein Drink Market:
Protein Drink Market size was valued at US$ 28742.56 Mn. in 2023 and the total revenue is expected to grow at 9.36% (CAGR) from 2023 to 2029, reaching US$ 53776.02 Mn.
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Protein Drink Market Scope and Methodology:
The Protein Drink market report covers a wide range of topics that impact market dynamics, trends, opportunities, and challenges. It also includes a thorough analysis of the worldwide landscape. This comprehensive analysis also looks at how the market is divided into segments according to services category, company size, end-user sector, and geographical regions. The study also closely examines major industry participants, evaluating their approaches, line of business, results, and place in the Protein Drink market. To give a comprehensive picture of the market environment, a thorough evaluation of macroeconomic variables, regulatory frameworks, and technical developments is also carried out.
Also, the research offers detailed insights into the dynamics of the Protein Drink market, including opportunities, challenges, constraints, and drivers. Using a bottom-up methodology, estimates of the size of the worldwide and regional Protein Drink market were developed. The study provides a thorough value chain analysis that clarifies the Protein Drink production process and incorporates information about distributors, consumers, and raw materials. Furthermore, the use of PORTER and PESTLE studies, in conjunction with evaluations of market attractiveness, enhances comprehension of the Protein Drink market on a global and micro level.
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Protein Drink Market Segmentation:
by Product
Protein Powder
Ready to Drink
by Source Animal Source
Milk
Whey
By Product, protein powder will lead the market in 2023. Protein powder is popular among fitness experts, athletes, and fitness gurus since it helps build muscle and improves physical performance. However, protein powder is not only used by athletes and fitness enthusiasts; it is also commonly used to help people meet their daily protein requirements, gain or lose weight, or recover from an injury or surgery. These Protein powder is a nutritional supplement manufactured by extracting animal and plant sources. Protein powder comes in a variety of flavors, ranging from fruity to flavorless, making it adaptable and easy to include into a wide range of foods. It pairs well with granola bars, cookies, drinks, smoothies, soups, pancake batter, and hot cereals. The most frequent way to use protein powder is in shakes or smoothies.
Plant Source
Soy
Rice
by Distribution Channel
Retail
Online
Direct to Customers
Others
In terms of distribution channels, online stores will lead the market in 2023. The primary factors boosting protein supplement sales through online businesses are the growing use of the internet for purchasing, the reduction in lead time, the rise in convenience, and the greater availability of discounts. Over the forecast period, supermarkets and hypermarkets are likely to hold the second-largest share. Supermarkets and hypermarkets offer a vast assortment of products at lower prices. The rise of supermarkets and hypermarkets in both developing and developed countries, driven by increased customer demand, is predicted to improve product sales.
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Protein Drink Market Key Players:
1. Abbott
2. AMCO Proteins
3. Amway
4. Arla Foods Amba
5. Carbery
6. CytoSport, Inc.
7. Dymatize Enterprises LLC
8. GELITA AG
9. Glanbia PLC
10. GNC Holdings Inc.