Lewes, DE -- (SBWire) -- 03/31/2017 --Report forecast the global high protein based food market to grow at a CAGR of 10.56% during the period 2017-2021.
High-protein-based food products are specially-made products that help to build energy and muscle, and improve one's overall health. These products are also good sources of various fortified nutrients, including proteins, vitamins, minerals, carbohydrates, and fats. The concept of high-protein-based foods has gained worldwide popularity in the past few years.
In the US, according to the Center for Disease Control and Prevention (CDC), the obesity rates are nearly 39% for the population segment belonging to the age bracket of 40-59 years and 29% for the population segment belonging to the age bracket of 20-39 years. With the high obesity rates and the increasing number of related health issues, the emphasis on leading a healthy lifestyle is increasing. This in turn, is driving the market's growth in the US, especially for sports nutrition drinks.
The report covers the present scenario and the growth prospects of the global high protein based food market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
- Americas
- APAC
- Europe
- MEA
According to the report, one driver in market is increasing demand for protein-based products. The demand for protein-based sports nutrition products such as protein bars, supplements, and powders is high worldwide. This high demand can be attributed to the large number of functional benefits that are offered by proteins in terms of nutritional value, weight management capabilities, and strengthening the immune system. Popular sources of protein, such as whey and soy, are widely used in sports nutrition products because of their nutritional value and variety of flavors. For instance, CLARISOY is a popular soy protein product, sold by Archer Daniels Midland. Vendors that offer protein ingredients are now developing new protein products to assist manufacturers of sports nutrition products to leverage the growing demand for protein-based products.
Further, the report states that one challenge in market is stringent government regulations. The global high-protein-based food market is governed by stringent regulations, complying to which may be a challenge for vendors. For instance, vendors that operate in the European market need to comply with strict regulations imposed by various regulatory authorities. In addition, all high protein products are closely regulated through the Foodstuffs for PARticular NUTritional uses (PARNUTS) regulation. The EFSA has set several regulations on the manufacturing, labeling, and marketing of high protein products in Europe. It has also banned many ingredients that are used to produce sports nutrition products, such as sodium phosphate and beta-alanine, as they are not considered safe for human consumption.
Global High Protein Based Food Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
key players in the global high protein based food market: Clif Bar & Company, Coca-Cola, Glanbia Nutritionals, GSK, and PepsiCo.
Other Prominent Vendors in the market are: Abbott Nutrition, Champion Performance, CytoSport, Midsona Group, General Nutrition Centers, Monster Beverage Corporation, Nutrition & Santé, ProAction, Reflex Nutrition, Science in Sport (SiS), Ultimate Nutrition, and Universal Nutrition.
Market driver
- Expansion of sales outlets and stream lining of manufacturing processes
- For a full, detailed list, view our report
Market challenge
- Low penetration in developing countries
- For a full, detailed list, view our report
Market trend
- Emergence of non-traditional fitness activities.
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2021 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
Spanning over 66 pages and 23 Exhibits "Global High Protein Based Food Market 2017 - 2021" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by product, Market segmentation by distribution channel, Geographical segmentation, Key leading countries, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Appendix.
For more information Visit at: http://www.marketresearchreports.com/technavio/global-high-protein-based-food-market-2017-2021
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