Authored By: Sarah
16 Oct 2020

High Protein-Based Food Market Size to Grow by $ 27.49 bn through 2020-2024  

Technavio research projects the high protein-based food market to grow by $ 27.49 bn, accelerate at a CAGR of 7% till 2025. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking View Free Sample Report

High Protein-Based Food Market: Key Market Driver

One of the primary factors that will trigger the growth of the high protein-based food market size is Shift in preference toward natural and herbal products. This research report provides a comprehensive analysis of all the factors that are likely to propel market growth, taking into account the market trends as well as challenges that are likely to impede growth. The objective of this research report is to equip clients with actionable insights that will help them leverage opportunities and formulate growth strategies for their business.

High Protein-Based Food Market to Grow by Over USD 27 billion During 2020-2024

High Protein-Based Food Market: Vendor Analysis

The market is fragmented due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, Clif Bar & Co., Glanbia Nutritionals Inc., GlaxoSmithKline Plc, Hormel Foods Corp., Iovate Health Sciences International Inc., Kellogg Co., Monster Beverage Corp., PepsiCo Inc., and The Coca Cola Co. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio also offers custom research reports with detailed insights assessing the market from a global as well as regional perspective. This customized report will help clients keep up with new product launches in direct & indirect or related markets. It will also provide insights on upcoming developments along with a pipeline analysis of vendor operations and the impact of government regulations.

For more insights on this market: Download a Free Sample Report

Technavio has been monitoring the global high protein-based food market and it is expected to grow by USD 27.49 billion accelerating at a CAGR of 7% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking. Download latest version with COVID-19 analysis Free Sample Report

This report provides a detailed analysis of the high protein-based food market by Product (Protein-rich drinks, High-protein and high-energy sports drinks, High-protein and nutritious sports drinks, Protein-rich packaged foods, and Protein supplements) and Geography (North America, Europe, APAC, South America, and MEA), and the Segment Forecasts, 2020-2024. The report also provides a detailed analysis of around 25 vendors operating in the high protein-based food market. 

High Protein-Based Food Market to Grow by Over USD 27 billion During 2020-2024

High Protein-Based Food Market: Segmentation by Product

During 2019, the protein-rich drinks segment accounted for the major share of the High Protein-Based Food Market. Protein-rich drinks are a great sources of electrolytes and provide optimal hydration. This report provides an accurate prediction of the contribution of all the segments to the growth of the high protein-based food market size.

High Protein-Based Food Market: Segmentation by Geography

North America was the largest High Protein-Based Food Market market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. Market growth in this region will be faster than the growth of the market in Europe, MEA, and South America.

High Protein-Based Food Market: Vendor Analysis

The market is fragmented. The current market includes companies of varying sizes. Some companies are also more specialized than others with respect to particular commodities, while some have larger financial resources. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. Abbott Laboratories, Clif Bar & Co. and Glanbia Nutritionals Inc. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.

Technavio offers custom research reports with detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will help clients keep up with new product launches in direct & indirect COVID-19 related markets. It will also provide insights on upcoming developments along with pipeline analysis of vendor operations and the impact of government regulations.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19 Download a Free Sample Report 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

Read News Read Less
Interested in this report?
Get your sample now!
Technavio