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The Protein Supplement Market was worth USD 1.67 billion in the year 2014 and is expected to reach approximately USD 2.72 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.59% during the forecast period.
CAGR 5.59% and Forecast to 2023
The latest trending report published by Crystal Market Research titled, Protein Supplement
Market approximates that the Protein Supplement Market size is estimated to flourish at a
significant CAGR in the future, and this is attributed to the escalation in need for this product
across the globe along with novel innovations in the market.
The Protein Supplement Market was worth USD 1.67 billion in the year 2014 and is expected to
reach approximately USD 2.72 billion by 2023, while registering itself at a compound annual
growth rate (CAGR) of 5.59% during the forecast period.
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On the basis of Application, the worldwide Protein Supplement market is segmented into Sports
Nutrition and Functional Foods. The expanding interest for sports nutritional supplements from
nations including the U.S., Canada, the UK, Germany, Italy, and India is relied upon to drive
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request over the estimate period. Moreover, the developing interest for sports wholesome
supplementation to advance slender muscle development, enhance execution and stamina, and
weight diminishment combined with the expanding number of exercise center goers is required
to fuel showcase demand.
The report Protein Supplement Market renders a wide-ranging analysis of the said market in
terms of product, regional, application and end user segmentation. The report comprises of the
present market size of this industry. Also, the potential outlooks and current market summary of
this segment has been thoroughly analyzed in this report. Moreover, chief market players of the
Protein Supplement Market are studied on various factors like product portfolio, company
profile, sales analysis, revenue generation through the forecast period.
North America was the overwhelming business sector in 2016 and represented highest market
share because of the nearness of an expansive number of players and the developing games
sustenance industry. The developing interest for wellness supplements from customers and
competitors is relied upon to fuel showcase development over the estimate time frame.
Top Major Market Players:
Key players at present engaged with generation incorporate are GNC; NOW Foods; NBTY;
AMCO; Quest Nutrition; and IOVATE.
This report contains Segment wise in-depth analysis in terms several above-mentioned segments
along with market size forecasts and approximations to observe significant areas of industry
growth in detail. Additionally, an executive summary, summarizing the entire report in such a
way that decision-making team can speedily become familiar with background information,
summarizing analysis and main conclusions.
Purchase the report @ https://www.crystalmarketresearch.com/checkout/FB12402
About Crystal Market Research:
Crystal offers one stop solution for market research, business intelligence, and consulting
services to help clients make more informed decisions. It provides both syndicated as well as
customized research studies for its customers spread across the globe. The company offers
market intelligence reports across a broad range of industries including healthcare, chemicals &
materials, technology, automotive, and energy.
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