analysts forecast the global protein supplements market to post a CAGR
of more than 8% during the forecast period, according to their latest
market research report.
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Technavio has published a new market research report on the global protein supplements market from 2018-2022. (Graphic: Business Wire)
Endorsements by celebrities and sportspersons is one of the major trends
being witnessed in the global
protein supplements market 2018-2022. To promote fitness among
the masses, sports brands such as Nike, Puma, and Under Armour have
launched various creative campaigns by soliciting the support of
renowned sportspersons like Michael Jordan and Zlatan Ibrahimovic.
Social media also serves as an ideal platform to launch fitness
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market snapshot before purchasing
According to Technavio analysts, one of the key factors contributing to
the growth of the global protein supplements market is the growing
interest in sports and fitness activities:
Global protein supplements market: Growing
interest in sports and fitness activities
The rising awareness about fitness and a healthier lifestyle has led to
the increase in the number of fitness facilities around the world. This
trend has led to the rapid growth of the dietary supplements market,
especially protein supplements as these supplements are an immediate
source of energy. The body can use them as an alternative energy source
for building muscles during endurance exercises or workouts.
According to a senior analyst at Technavio for research on health and
wellness, “Rise in awareness campaigns related to physical fitness is
encouraging people to opt for various sports, gym, and related
activities. This is leading to the popularity of protein supplements
which enable the body to get the essential nutrients required to develop
and repair muscle. These supplements are designed in such a way that
they increase muscle mass when combined with regular exercise.”
Global protein supplements market: Segmentation
This global protein supplements market research report provides market
segmentation by distribution channel (retail outlets and online stores),
and by region (the Americas, EMEA, and APAC). It provides an in-depth
analysis of the prominent factors influencing the market, including
drivers, opportunities, trends, and industry-specific challenges.
The Americas held the largest share of the market in 2017, accounting
for close to 43%, followed by EMEA and APAC respectively. Although APAC
held the smallest share of the market, it is projected to witness the
maximum increase in its market share while the other two regions will
see a small decrease in their market shares over the forecast period.
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Some of the key topics covered in the report include:
Five Forces Analysis
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View source version on businesswire.com: https://www.businesswire.com/news/home/20180620005889/en/