Middle East & Africa Protein Supplements Market Size & Outlook
Middle East & Africa protein supplements market, 2018-2030 (US$M)
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MEA protein supplements market highlights
- The MEA protein supplements market generated a revenue of USD 427.1 million in 2023.
- The 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 427.1 million |
| Market revenue in 2030 | USD 769.0 million |
| Growth rate | 8.8% (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, MEA region accounted for 6.7% 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 |
|---|
Middle East & Africa 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 58.96% in 2023. Horizon Databook has segmented the Middle East & Africa protein supplements market based on animal based, plant based covering the revenue growth of each sub-segment from 2018 to 2030.
The Middle East & Africa accounted for 6.6% of the overall market share. It is expected to witness steady growth on account of the rise in fitness and health awareness. Several consumers, especially athletes and fitness enthusiasts, opt for protein supplements to increase their protein intake.
A highprotein diet helps build muscle, aids muscle recovery, and may promote fat loss by boosting metabolism and suppressing appetite. In addition, the growing food & beverage industry and increasing middle-class population with high-income levels are expected to drive the product demand over the forecast period.
The increasing demand for low-calorie, vitamin-fortified, organic, fat-free, and fiber-rich protein supplements in the Middle East & Africa is expected to fuel the market growth over the forecast period. Diverse product offerings by market players and the presence of protein meal replacement products are expected to drive the market over the forecast period.
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Our clientele includes a mix of protein supplements market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa protein supplements market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa protein supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA protein supplements market size, by country, 2018-2030 (US$M)
Middle East & Africa Protein Supplements Market Outlook Share, 2023 & 2030 (US$M)
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