India Protein Supplements Market Size & Outlook, 2023-2030
India protein supplements market, 2018-2030 (US$M)
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India protein supplements market highlights
- The India protein supplements market generated a revenue of USD 237.2 million in 2023 and is expected to reach USD 427.9 million by 2030.
- The India market is expected to grow at a CAGR of 8.8% 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.
Protein supplements market data book summary
| Market revenue in 2023 | USD 237.2 million |
| Market revenue in 2030 | USD 427.9 million |
| Growth rate | 8.8% (CAGR from 2023 to 2030) |
| Largest segment | Animal based |
| Fastest growing segment | Plant Based |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, India accounted for 3.7% of the global protein supplements market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China protein supplements market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 427.9 million by 2030.
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Protein Supplements Market Scope
Protein Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
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India 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 58.05% in 2023. Horizon Databook has segmented the India protein supplements market based on animal based, plant based covering the revenue growth of each sub-segment from 2018 to 2030.
Protein supplements have gained significant popularity in India over the past few years. With the growing fitness culture and increasing awareness about the importance of a balanced diet, consumers are turning toward protein supplements to meet their daily protein requirements.
In addition, youths in India are showing an increased interest in fitness and sports activities, which drives the demand for sports nutrition products such as protein supplements in the country. Several local companies are launching unique protein-based products owing to the rising demand for protein supplements.
Furthermore, in September 2022, Tata Consumer Products announced its entry into the health supplement sector with the launch of its plant-based protein powder. The company will provide its new product under its GoFit brand, a plant-based health supplement range for women.
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Horizon Databook provides a detailed overview of country-level data and insights on the India protein supplements market , including forecasts for subscribers. This country databook contains high-level insights into India protein supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India protein supplements market size, by source, 2018-2030 (US$M)
India Protein Supplements Market Outlook Share, 2023 & 2030 (US$M)
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