PUNE, India, February 21, 2023 (GLOBE NEWSWIRE) — The Size of the protein supplement market in the United States was $7.70 billion in 2021. The market is expected to keep growing $8.29 billion 2022 to $16.41 billion by 2029 with a CAGR of 10.26% in the period 2022-2029. Increasing awareness of the health benefits of protein consumption and increasing product demand among young athletes will support market advancement. The increasing consumption of whey protein by bodybuilders and athletes also contributes to the accumulated turnover. This information is provided by Insights into the Fortune businessin his report entitled “Protein Supplements Market in United States, 2022-2029.”
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Consumer inclination towards health and nutrition products facilitated market expansion amid the pandemic
The global spread of COVID-19 had a positive impact on the protein supplement industry as people made a conscious switch to health and nutrition products. Protein consumption increased due to increased focus on boosting the immune system. Consumer purchasing behavior changed during the pandemic and they preferred health-promoting products. Increasing demand for dietary supplements boosted sales of protein supplements, supporting growth in the US market.
List of key players mentioned in the Protein Supplements Market in United StatesReport:
- Abbott Laboratories (USA)
- General Nutrition Centers, Inc. (USA)
- Glanbia Plc (US)
- Herbalife Nutrition Ltd (USA)
- Kellogg Company (USA)
- Mondelez International (USA)
- PepsiCo Inc. (USA)
- Post Holdings Inc. (USA)
- The Beachbody Company (USA)
- The Simply Good Foods Company (USA)
Scope and segmentation of the report:
| report coverage | details |
| forecast period | 2022-2029 |
| Forecast CAGR | 10.26% |
| Value prognosis 2029 | 16.41 billion |
| base year | 2021 |
| US protein supplement market in 2022 | 8.29 billion |
| Historical data | 2018-2020 |
| number of pages | 85 |
| Covered Segments | Source story
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