Protein Supplements Market to Be Worth $43.17 Billion by 2031

Protein Supplements Market Size, Share, Forecast, & Trends Analysis by Product (Powder, RTD, Bar), Source (Animal-based {Whey}, Plant-based {Soy}), Application (Sports Nutrition), Distribution Channel (Online, Specialty Stores) – Global Forecast to 2031

According to this latest publication from Meticulous Research®, the protein supplements market is projected to reach $43.17 billion by 2031, at a CAGR of 8.8% during the forecast period 2024–2031. The growth of this market is being propelled by factors such as the increasing demand for sports nutrition supplements, rising interest in plant-based nutrition, increasing consumer awareness regarding health and wellness, and rising product innovations in protein supplements. Moreover, the increasing demand for personalized nutrition and expansion into emerging economies are expected to offer growth opportunities for the players operating in this market. Additionally, the growing preference for online purchases and the rising popularity of vegan protein supplements are major trends in the protein supplements market.