Protein Supplements Market | In-Depth Study Report to 2030

Protein Supplements Industry Overview

The global protein supplements market size was valued at USD 5.83 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 8.0% from 2023 to 2030. The key growth driving factors include the shift toward novel plant-protein sources and increased demand for supplements that aid in faster muscle recovery. A rising number of consumers globally are seeking sustainable, animal-free, and non-GMO sources of protein. For instance, the U.S. has witnessed significant growth in the consumption of plant-based meat, driving the demand for plant-based protein ingredients.

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Cereal proteins and oilseed-based proteins are being used in new formulations by several manufacturers. Increasing government support for the plant-based protein industry is also contributing to market growth in North America. For instance, the Government of Canada is focused on commercializing new plant-based ingredients for food, livestock feed, and aquaculture industries. In June 2020, the Canadian Prime Minister announced a USD 100 million grant to an animal protein alternative company, Merit Functional Foods. The funds will be utilized by the company to set up its production plant in Canada.

Furthermore, the application of proteins has increased in the sports nutrition and dietary supplements markets due to the growing demand for fortified ingredients, plant-based protein sources, and products with high stability and longer shelf life. Production methods influence the quality of protein ingredients and the end products, such as protein bars, protein powders, and beverages.

Certain proteins, such as wheat gluten and hemp, are associated with a starchy, bitter, and distinct aroma. The market is undergoing major improvements in manufacturing methods to address this issue and remove tetrahydrocannabinol (THC) from hemp seeds. Applied Food Sciences has improved the method of extracting protein from hemp seeds by including an additional step. Removing the outer shell of the hemp seed results in an ingredient free of the bitter and pungent flavor associated with hemp.

Furthermore, microencapsulation technologies are gaining prominence in the protein supplements industry. Manufacturers use these techniques to achieve the controlled release of an ingredient in the human body. Microencapsulation of active compounds like minerals, vitamins, proteins, and omega-3s protects these compounds from oxidation reactions and loss of nutrients. Spray drying is among the most widely used techniques for encapsulating bioactive food ingredients such as fats, proteins, enzymes, and vitamins.

Browse through Grand View Research's Category Nutraceuticals & Functional Foods Industry Research Reports.

• The insect protein market size was estimated at USD 483.1 million in 2023 and is expected to grow at a CAGR of 16.9% from 2024 to 2030. This growth is attributed to increasing awareness of sustainable and eco-friendly protein alternatives, driven by environmental concerns and a push for reducing carbon footprints in food production.

• The global human milk oligosaccharides market size was estimated at USD 264.20 million in 2023 and is expected to grow at a CAGR of 13.8% from 2024 to 2030. The rising interest in infant nutrition, increasing R&D supporting the health benefits of human milk oligosaccharides (HMOs), technological advancements in HMO production, and favorable regulatory frameworks are propelling the market growth.

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Key Companies profiled:

• Glanbia Plc

• MusclePharm

• Abbott

• CytoSport Inc.

• QuestNutrition LLC

• Iovate Health Sciences International Inc

• The Bountiful Company

• AMCO Proteins

• Now Foods

• Transparent Labs

• WOODBOLT DISTRIBUTION LLC

• Dymatize Enterprises LLC

• BPI Sports

• Jym-Supplement-Science

• RSP Nutrition

• International Dehydrated Foods, Inc

• BRF• Rousselot

• Gelita AG

• Hoogwegt