
Region:North America
Author(s):Mukul
Product Code:KROD7522
October 2024
97



The North America protein supplement market is dominated by a few major players that have established a strong presence through innovation, brand loyalty, and extensive distribution networks. These companies continually invest in research and development to meet the rising consumer demand for high-quality and specialized protein products. Furthermore, the competitive landscape is also shaped by the growing influence of plant-based protein brands that are quickly gaining market share.
|
Company Name |
Establishment Year |
Headquarters |
No. of Employees |
Revenue (USD Mn) |
Key Product Portfolio |
R&D Expenditure |
Market Share |
Geographical Presence |
Brand Portfolio |
|
Glanbia PLC |
1997 |
Kilkenny, Ireland |
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|
Abbott Laboratories |
1888 |
Illinois, USA |
|||||||
|
MusclePharm Corporation |
2006 |
California, USA |
|||||||
|
PepsiCo (Gatorade) |
1965 |
New York, USA |
|||||||
|
The Bountiful Company |
1971 |
New York, USA |
Growth Drivers
Market Restraints
Over the next few years, the North America protein supplement market is expected to experience steady growth driven by several key factors. These include the increasing focus on health and wellness among younger generations, advancements in protein supplement formulations, and the rising trend of plant-based and organic protein products. Additionally, technological innovations such as personalized nutrition and convenient ready-to-drink formats are expected to fuel market expansion.
Market Opportunities
|
Product Type |
Whey Protein, Casein Protein, Egg Protein, Plant-Based Protein, Protein Blends |
|
Form |
Powder, Ready-to-Drink (RTD), Protein Bars |
|
Source |
Animal-Based, Plant-Based |
|
Distribution Channel |
Online Retail, Supermarkets/Hypermarkets, Specialty Stores, Pharmacies |
|
End-User |
Athletes and Bodybuilders, Lifestyle Users, Senior Citizens, Pregnant and Lactating Women |
1.1 Definition and Scope
1.2 Market Taxonomy
1.3 Market Growth Rate
1.4 Market Segmentation Overview
2.1 Historical Market Size
2.2 Year-On-Year Growth Analysis
2.3 Key Market Developments and Milestones
3.1 Growth Drivers
3.1.1. Increasing Health and Fitness Awareness (Rising Fitness Enthusiast Population)
3.1.2. Growing Adoption of Plant-Based Diets (Vegan and Vegetarian Protein Supplements)
3.1.3. Expansion of Online Retail (E-commerce Penetration in Supplement Sales)
3.1.4. Shift Towards Preventive Healthcare (Protein Supplements for Immunity Boosting)
3.2 Market Challenges
3.2.1. Price Sensitivity (Impact of Pricing on Consumer Adoption)
3.2.2. Regulatory Challenges (FDA and Health Canada Approvals)
3.2.3. Presence of Low-Cost Substitutes (Competition from Traditional Protein Sources)
3.3 Opportunities
3.3.1. Innovation in Supplement Formats (Protein Bars, Ready-to-Drink Shakes)
3.3.2. Rising Demand in Niche Segments (Protein Supplements for Women and Seniors)
3.3.3. Increasing Sports Nutrition Segment (Athlete-Focused Protein Products)
3.4 Trends
3.4.1. Growth in Plant-Based Protein Products (Pea Protein, Hemp Protein, Soy Protein)
3.4.2. Clean Label Movement (Natural and Organic Protein Supplements)
3.4.3. Increasing Demand for Personalized Nutrition (Customizable Protein Blends)
3.5 Government Regulations
3.5.1. Health and Safety Standards (FDA, CFIA, Labeling Requirements)
3.5.2. Advertising Regulations (Guidelines for Health Claims)
3.5.3. Import Tariffs and Trade Regulations (Impact on Raw Material Prices)
3.6 SWOT Analysis
3.7 Stakeholder Ecosystem (Suppliers, Manufacturers, Retailers, Consumers)
3.8 Porters Five Forces (Supplier Bargaining Power, Buyer Bargaining Power, Threat of Substitutes, Threat of New Entrants, Competitive Rivalry)
3.9 Competition Ecosystem
4.1 By Product Type (In Value %)
4.1.1. Whey Protein
4.1.2. Casein Protein
4.1.3. Egg Protein
4.1.4. Plant-Based Protein
4.1.5. Protein Blends
4.2 By Form (In Value %)
4.2.1. Powder
4.2.2. RTD (Ready-to-Drink)
4.2.3. Protein Bars
4.3 By Source (In Value %)
4.3.1. Animal-Based
4.3.2. Plant-Based
4.4 By Distribution Channel (In Value %)
4.4.1. Online Retail
4.4.2. Supermarkets/Hypermarkets
4.4.3. Specialty Stores
4.4.4. Pharmacies
4.5 By End-User (In Value %)
4.5.1. Athletes and Bodybuilders
4.5.2. Lifestyle Users
4.5.3. Senior Citizens
4.5.4. Pregnant and Lactating Women
5.1 Detailed Profiles of Major Companies
5.1.1. Glanbia PLC
5.1.2. Abbott Laboratories
5.1.3. MusclePharm Corporation
5.1.4. PepsiCo, Inc. (Gatorade)
5.1.5. The Bountiful Company
5.1.6. Amway
5.1.7. Herbalife Nutrition Ltd.
5.1.8. NOW Foods
5.1.9. Optimum Nutrition, Inc.
5.1.10. Orgain, Inc.
5.1.11. Garden of Life (Nestl Health Science)
5.1.12. Vital Proteins LLC
5.1.13. Nutiva Inc.
5.1.14. Ancient Nutrition
5.1.15. Vega (Danone S.A.)
5.2 Cross Comparison Parameters (No. of Employees, Headquarters, Inception Year, Revenue, R&D Investments, Product Portfolio, Market Penetration, Geographical Presence)
5.3 Market Share Analysis
5.4 Strategic Initiatives (New Product Launches, Market Expansion, Collaborations)
5.5 Mergers and Acquisitions
5.6 Investment Analysis
5.7 Venture Capital Funding
5.8 Government Grants
5.9 Private Equity Investments
6.1 Safety Standards and Compliance (FDA, CFIA, Good Manufacturing Practices)
6.2 Labeling and Packaging Requirements
6.3 Supplement Ingredient Approval Processes
6.4 Export and Import Regulations (NAFTA, USMCA Impact)
7.1 Future Market Size Projections
7.2 Key Factors Driving Future Market Growth
8.1 By Product Type (In Value %)
8.2 By Form (In Value %)
8.3 By Source (In Value %)
8.4 By Distribution Channel (In Value %)
8.5 By End-User (In Value %)
9.1 TAM/SAM/SOM Analysis
9.2 Customer Cohort Analysis
9.3 Marketing Initiatives
9.4 White Space Opportunity Analysis
The initial phase of research involved mapping the protein supplement ecosystem in North America. This step was supported by extensive desk research, leveraging both secondary and proprietary databases to gather comprehensive information on market dynamics, including consumer trends and product demand.
In this phase, we compiled and analyzed historical data to assess key trends and the performance of various protein supplement products across distribution channels. The evaluation focused on supply chain dynamics, consumer preferences, and geographical distribution to estimate the market size and revenue.
We developed market hypotheses based on initial research and validated them through expert interviews conducted via CATIs with industry leaders from leading companies. These interviews helped refine our market projections and provided operational insights into consumer demand patterns.
The final stage involved synthesizing all collected data and cross-verifying the information through consultations with protein supplement manufacturers and distributors. The result is a thoroughly vetted analysis of the North America protein supplement market, encompassing product trends, consumer behaviors, and future growth opportunities.
The North America protein supplement market was valued at USD 2.63 billion in 2023, driven by increasing consumer interest in fitness and health, as well as the rising popularity of plant-based diets.
Challenges in the market include price sensitivity among consumers, regulatory hurdles such as FDA approvals, and the increasing competition from low-cost protein substitutes like traditional food sources.
Key players in the market include Glanbia PLC, Abbott Laboratories, MusclePharm Corporation, PepsiCo (Gatorade), and The Bountiful Company, among others.
Growth drivers include rising consumer awareness regarding the benefits of protein supplementation, an increase in fitness and wellness activities, and innovations in protein formats such as ready-to-drink shakes and protein bars.
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