(MENAFN- America News Hour)
Kenneth Research recently added a report on 'Protein Powder Market' in its database of market research reports which provides its readers an in-depth analysis on the latest trends, growth opportunities and growth drivers that are associated with the growth of the market. The report additionally shares critical insights on the COVID-19 impacts on the Protein Powder Market, along with the compound growth rate (CAGR) of the market for a projected period between 2022 and 2031. The report also includes analysis of the market by utilizing different analytical tools, such as PESTEL analysis and Porter's five forces analysis. These tools also provide an in-depth analysis on the micro and macro-environmental factors that are associated with the growth of the market during the forecast period.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Dental Equipment Market products.
The Final Report will cover the impact analysis of COVID-19 on this industry:
Download Sample of This Strategic Report:
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
Whey Protein Powder and Sports Nutrition are the segments that have been witnessing growth at a noteworthy rate over the past few years owing to ever growing millennial population with changing consumers' lifestyle who are now adopting healthy eating habits supported by rising awareness among consumers regarding positive impact of consuming protein powder on body, is fusing growth in the market. Amongst the regions, North America accounts for the largest regional share in the Global Protein Powder Market in 2019. Key factors driving the robust growth rate in North America include presence of major leading Protein Powder manufacturers in the region who are focusing on expanding their product portfolio and offering variety of Protein Powder supported by growing number of athletes and body builders with consumers who are preferring healthy lifestyle, thereby infusing growth in the market for Protein Powder during the period.
According to Azoth Analytics research report“Global Protein Powder Market – Analysis By Type (Whey, Casein, Soy, Hemp, Others), Application (Food & Beverage, Healthcare, Sports Nutrition, Others), Distribution Channel (Online, Offline), By Region, By Country (2019 Edition): Opportunities and Forecast (2019-2024)”, global market was valued at USD 6.6 billion in value and x Million tonnes in 2018 and is projected to display a robust growth represented by a CAGR of 7.7% during 2019 – 2024 in terms of value.
The report has covered and analyzed the potential of Global Protein Powder Market in terms of value and volume, the analysis of companies and their market share and the future potential of the industry at global, regional and country level. The report provides statistics and information on market size, shares and growth factors and intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Protein Powder Market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Protein Powder Market (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Global Protein Powder Market – By Value and Volume – Size, Growth, Forecast
• By Product Type – Whey, Casein, Soy, Hemp, Others
• By Application – Food & Beverage, Healthcare, Sports Nutrition, Others
• By Distribution Channel – Online and Offline
Regional Markets – North America, Europe, APAC, Rest of the World (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Global Protein Powder Market – By Value and Volume – Size, Growth, Forecast
• By Product Type – Whey, Casein, Soy, Hemp, Others
• By Application – Food & Beverage, Healthcare, Sports Nutrition, Others
• By Distribution Channel – Online and Offline
Request For Full Report:
Country Analysis – US, Canada, Germany, France, UK, Italy, China, Japan, India, South Korea (Actual Period: 2014-2018, Forecast Period: 2019-2024)
• Protein Powder Market – Size, Growth, Forecast
• By Product Type, By value – Whey, Casein, Soy, Hemp, Others
• By Application – Food & Beverage, Healthcare, Sports Nutrition, Others
• By Distribution Channel – Online and Offline
Other Report Highlights
• Market Dynamics – Drivers and Restraints
• Market Trends
• SWOT Analysis
• Competitive Landscape
• Company Analysis – Abbot Laboratories, GlaxoSmithKline Plc, AMCO Proteins, MusclePharm Corporation, NOW Foods, Glanbia Plc, NBTY Inc, Herbalife International of America, Inc., General Nutrition Corporation (GNC Holdings Inc.), Suppleform
Customization of the Report
The report could be customized according to the client's specific research requirements. No additional cost will be required to pay for limited additional research.
About Us
Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
Contact Us
Name: Kenneth research
Email:
Phone: +1 313 462 0609
Mason Mount
Mason Mount is is an energetic and versatile freelance writer for 5 years, he pens down any type of article and web content. He is a Cambridge University Business English Certificate (Europe Level) holder. He is analytical, enthusiastic, and ingenious, with the essence to work variously, strives to emerge as a lucrative individual who has a grasp on market. Congenial Interpersonal skills and the competence to grab every single trivia with foolproof analysis is something he primarily posses.
MENAFN23062022004545010068ID1104420014
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.