Asia Pacific Protein Supplements Market Size & Outlook
Asia Pacific protein supplements market, 2018-2030 (US$M)
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Asia Pacific protein supplements market highlights
- The Asia Pacific protein supplements market generated a revenue of USD 1,545.6 million in 2023.
- The market is expected to grow at a CAGR of 8.6% from 2024 to 2030.
- In terms of segment, animal based was the largest revenue generating source in 2023.
- Plant Based is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 1,545.6 million |
| Market revenue in 2030 | USD 2,750.3 million |
| Growth rate | 8.6% (CAGR from 2023 to 2030) |
| Largest segment | Animal based |
| Fastest growing segment | Plant Based |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Animal Based, Plant Based |
| Key market players worldwide | Glanbia PLC, MusclePharm Corp, Abbott Laboratories, PepsiCo Inc, NOW Foods, Transparent Labs, RSP Nutrition, Symrise AG, Quest Nutrition, Iovate Health Sciences International, AMCO Proteins, Nutrabolt, Dymatize Enterprises, BPI Sports, BRF SA ADR, Rousselot, Gelita AG, Hoogwegt |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 24.2% of the global protein supplements market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- MEA is the fastest growing regional market and is projected to reach USD 769.0 million by 2030.
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Protein Supplements Market Scope
Protein Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific protein supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to protein supplements market will help companies and investors design strategic landscapes.
Animal based was the largest segment with a revenue share of 58.04% in 2023. Horizon Databook has segmented the Asia Pacific protein supplements market based on animal based, plant based covering the revenue growth of each sub-segment from 2018 to 2030.
The demand for protein supplements in Asia Pacific has been steadily increasing over the years. This can be attributed to several factors, such as the rising interest in health and fitness, a growing awareness about the importance of protein intake, and the increasing prevalence of lifestyle diseases.
The Asia Pacific region has a large and diverse population, with a significant portion being vegetarian or vegan. This has led to a higher demand for plant-based protein supplements such as soy protein, pea protein, and rice protein. These supplements are popular among consumers with dietary restrictions and among those who prefer plant-based options.
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Target buyers of Asia Pacific protein supplements market databook
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Our clientele includes a mix of protein supplements market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific protein supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific protein supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific protein supplements market size, by country, 2018-2030 (US$M)
Asia Pacific Protein Supplements Market Outlook Share, 2023 & 2030 (US$M)
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