The High Protein-Based Food Market is being driven by Shift in preference toward natural and herbal products
The High Protein-Based Food Market is expected to grow at a CAGR of 8.65% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 50.2 billion. In the realm of health and wellness, high protein-based food brands have capitalized on the promotion of an active lifestyle through strategic partnerships with esteemed sportspersons and influencers. Brands such as Muscle Blaze, Nike, Adidas, Puma, and Under Armour have leveraged social media to amplify their messages, showcasing the dedication and hard work of individuals in their fitness journeys. These campaigns not only boost brand awareness but also emphasize the importance of consuming high protein-based foods for optimal performance and recovery.
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The market is segmented based on segments_for_ai.nslist
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
193 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 8.65% |
Market growth 2024-2028 |
USD 50.2 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
7.79 |
Key countries |
US, China, France, Germany, and Russia |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Find out which segment is leading the market by accessing the free PDF report
The High Protein-Based Food market encompasses a range of essential minerals and nutrient-dense offerings, catering to an expanding consumer base seeking alternatives to animal products. This sector includes plant-based proteins such as pea protein, legumes, tofu, and alternative sources like meatless chicken, sausages, and plant-based burgers. Culinary innovation and food technology have played a pivotal role in enhancing the accessibility and taste preference of these products. High protein offerings extend beyond traditional meat substitutes, encompassing fiber-rich, cholesterol-free, and low-saturated fat options. Shelf-life products, protein-fortified drinks, and mainstream protein sources like whey protein are also integral components of this market. Consumers increasingly prioritize nutritious diets, leading to the mainstream acceptance and growth of high protein alternatives. Environmental sustainability is another driving factor, as the production of these foods places less demand on natural resources compared to animal agriculture.
In the high protein-based food market, key players are manufacturers and processors focusing on enhancing the nutritional value of their offerings. Technavio estimates the market size based on the consolidated revenue of these entities. Equipment vendors and beverage producers, including those specializing in alcoholic and non-alcoholic beverages, are excluded. Market expansion will be fueled by the health benefits linked to the consumption of minimally processed, high protein foods, such as vegetables, which are rich in essential nutrients like potassium, dietary fiber, folate, vitamin A, and vitamin C.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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