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NEW YORK, May 19, 2022 /PRNewswire/ — The global high protein-based food market size is expected to grow by USD 27.49 billion from 2019 to 2024 and is expected to grow at a CAGR of 7% as per the latest market report by Technavio. 37% of the market’s growth will originate from North America during the forecast period. The US is the key market for high protein-based food in North America. Market growth in this region will be faster than the market’s growth in the European, MEA, and South American regions. The changing consumer demographics, the growing awareness of protein’s health benefits, and the importance of leading an active lifestyle will facilitate the high protein-based food market growth in North America over the forecast period.
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Read the 120-page report with TOC on “High Protein-Based Food Market Analysis Report 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, EuropeAPAC, South Americaand MEA), and the Segment Forecasts, 2020-2024″. Gain competitive intelligence about market leaders. Track key industry opportunities, trends and threats. Information on marketing, brand, strategy and market development, sales, and supply functions. https://www.technavio.com/report/report/high-protein-based-food-market-industry-analysis
High Protein-Based Food Market: Vendor Analysis
The high protein-based food market is fragmented and the vendors are deploying growth strategies such as focusing on distinguishing their product and service offerings through a clear and unique value proposition to compete in the market. The high protein-based food market report also offers information on several market vendors, including 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. among others.
- Abbott Laboratories – The company offers a wide range of High protein-based food products through Abbott Nutrition. The products include VITAL HP, PROMOTE, ENSURE, and others.
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High Protein-Based Food Market: Drivers & Challenges
The key factor driving growth in the high protein-based food market is the shift in preference toward natural and herbal products. The demand for natural and herbal products in this space is on the rise, attributable to a shift in consumer preference from synthetic ingredients to more natural formulations. Since these natural products have lesser side effects and are effective for a longer period, their demand is gaining momentum. Vendors have now been focusing on developing herbal products to address the growing demand. For instance, under the Arbonne PhytoSport brand name, Arbonne International offers a new line …
Full story available on Benzinga.com
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