Protein Supplement Market Worth $32.6 Billion By 2027

The global protein supplements market is anticipated to a market size of USD 32.6 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to exhibit a CAGR of 8.0% during the forecast period. Growing number of fitness centers, gyms, and health clubs signify the increasing inclination toward healthier lifestyle. Athletes, bodybuilders, and recreational users have been the traditional consumers over the past few years.

Increasing busy lifestyle has been leading to the growing consumption of packaged nutritional foods, such as protein bars and drinks. In addition, rising obesity concerns along with increased preference for protein-rich products to maintain health has been a key factor augmenting the product demand. The rising number of fitness enthusiasts and gym subscriptions, especially in emerging regions, such as Asia Pacific, is leading to a higher demand for protein powder to build muscles.

The plant-based protein supplements segment is expected to be the fastest growing source over the forecast period. Rising preference for plant-based diets, owing to an increasing number of individuals turning vegan, vegetarian or flexitarian is expected to drive the product demand. In addition, ascending demand for vegan and vegetarian products that provide quality nutrition without having to rely on dairy or meat products coupled with innovations in substitutes is expected to open up new growth avenues in near future.

The sports nutrition supplements segment is expected to register the fastest growth over the forecast period. Rising prevalence of health conditions, owing to hectic schedules and nature of work coupled with growing consumer awareness about the relationship between maintaining a healthy diet and exercising is anticipated to result in increased demand for sports nutritional supplements.

Asia Pacific is anticipated to register the fastest growth over the forecast period. Factors, such as rising population, and urbanization along with increased disposable income of middle class are expected to drive the regional growth. Personal ownership of wellness and health on account of growing cost of medical care and concerns regarding public health care systems and changing consumption pattern from traditional to convenient to adapt to busy lifestyles are expected to further fuel the growth.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/protein-supplements-market

Further key findings from the report suggest:

Animal protein supplement accounted for a market share of 67.9% in terms of revenue in 2019, owing to high popularity of whey protein supplements among athletes and bodybuilders as it contains all nine essential amino acids
The plant-based protein segment is anticipated to expand at a CAGR of 8.8% from 2020 to 2027 and is projected to reach USD 11.05 billion in 2027. Increasing incorporation of various sources, such as soy, pea, and spirulina is majorly driving the segment growth
Asia Pacific is estimated to expand at a CAGR of 8.6% from 2020 to 2027 on account of expanding middle class population, penetration of e-retaining, and gym and sports club memberships
The protein supplement market is characterized by accreditation of the product, capacity expansion, capital expansion, and substantial investment decisions to improve the market share of manufacturers
Some of the prominent companies present in the market are Glanbia Plc, AMCO Proteins, Quest Nutrition, NOW Foods, NBTY, MusclePharm Corp, Abbot Laboratories, Cyto Sport, IOVATE, and Transparent Labs

Cannabis Extract Market Worth $28.5 Billion By 2027

The global cannabis extract market size is expected to be valued at USD 28.5 billion by 2027, according to a new report published by Grand View Research, Inc. It is projected to expand at a CAGR of 16.6% over the forecast period. Growing legalization of cannabis in various countries, preference for cannabis oil and tinctures, and adoption of medical marijuana for treating chronic diseases like arthritis, anxiety, and Alzheimer’s are the major factors propelling the growth.

Cannabis extracts have gained wide recognition in recent years and are expected to provide impetus to cannabis market growth. Based on product type, cannabis extracts are classified into oils and tinctures. The oils segment is expected to dominate the market in 2019 with a revenue of USD 4.8 billion and is anticipated to witness the fastest CAGR of 17.5%, over the forecast period.

Based on extract type, the market is segmented into full spectrum cannabis extracts and cannabis isolates. The full spectrum cannabis extracts dominated the market in 2019, with a revenue of USD 4.3 billion, owing to the added advantage of the entourage effect. Various manufacturers prefer full spectrum cannabis products owing to their advantages over the isolates. Thus, the segment is expected to remain dominant over the forecast period.

Click the link below:
https://www.grandviewresearch.com/industry-analysis/cannabis-extract-market

Further key findings from the report suggest:

In 2019, oils held the largest revenue share of 66.5% owing to ease of availability and low price of the product
The full spectrum segment was valued at USD 4.3 billion in 2019, owing to its entourage effect-a synergistic relationship between cannabinoids and terpenes that exhibits an increase in the healing properties of each cannabinoid
Marijuana isolates is anticipated to emerge as the second largest type segment over the forecast period, owing to several advantages that have increased its adoption. For instance, the purest form of isolates, such as CBD oil, have no psychoactive effects as they have no THC content
In 2019, North America accounted for the largest share in the global cannabis concentrates market. This can be attributed to high utilization owing to government approvals
Key players operating in the cannabis extract market include Canopy Growth Corporation; Aphria Inc.; Aurora Cannabis; Maricann Inc.; Tilray; Organigram Holdings Inc.; Tikun Olam, Ltd.; and The Cronos Group

Folic Acid Market Size Worth $466.2 Million By 2025

When it comes to Folic Acid Market, there are several factors which are causing the market to grow leaps & bounds. Increasing consumption of folic acid in promising applications in various verticals of pharmaceuticals and nutraceuticals sectors coupled with strict regulations is expected to propel the global market demand. Raising its utilization in food and beverage industry to increase the folic acid food fortification particularly in developed economies such as North America and Europe is also predicted to impact the global folic acid market positively. All these factors along with several other positive ones lead the market to reach expected growth of USD 466.2 million by 2025, according to a new report by Grand View Research, Inc.

Folic acids or Folate or vitamin B9 is a type of water-solvent vitamin required by the body to produce red platelets, and its deficiency causes anemia. Additionally, it is involved in the normal body development and advancement, generation of genetic materials, for example, DNA and RNA and other essential chemical & physical functions. It encourages cell and tissue growth and development. Folic acid is used in multivitamins supplements because it is better absorbed.

Folic acid support fetal development by preventing the risk of birth defects promotes sperm viability, improves cardiovascular system by minimizing the risk of heart attack, encourages normal cholesterol levels, provides neurological support, and helps perinatal mood management. Vitamin B9 is an essential nutrient found green and leafy vegetables, peas, broccoli, oranges, corn, grains meats, and cereal. Significant folic acid deficiency can lead to macrocytic anemia

Click the link below:
https://www.grandviewresearch.com/industry-analysis/folic-acid-market

Further key findings from the report suggest:

Rising occurrence of diseases and pandemic like COVID-19 makes it essential to develop new set of pharmaceuticals; and rising growth of pharmaceuticals and neutraceuticals leads to spurt in the growth of Folic Acid demand.
According to WHO, Globally, anemia affects 1.62 billion people, which corresponds to 24.8% of the population. The highest prevalence is in preschool-age children and the lowest prevalence is in men. Folic acid has proven benefits in fighting anemia. Large anemia affected population causes a growth in demand for Folic Acid.
Folic Acid is used in body supplements and is involved in the normal body growth & development, production of genetic materials such as DNA and RNA and several other bodily functions. This makes it indispensable for the healthcare industry.
Folic acid food fortification has been made compulsory in many developed economies such as the U.S., New Zealand, UK, and Australia. This fuels the market as well.
Folic Acid plays a major role in providing support to a pregnant mother in taking care of the baby, leading to the increased demand in the market.
Folic Acid is used in additives for the animal feed to help them grow devoid of any deformities and boost their immune system, leading to additional demand in the market.
Some Environment Protection Laws work against the manufacturing of Folic Acid. This proves to be an inhibiting factor for the market.
In the time pandemic (COVID-19), it is extremely important to keep your immune system at its peak. According to scientists, Folic Acid has several immune related benefits and along with other B complex vitamins, it plays a major role in keeping immune system up and running. In India, the National Nutrition Mission (NNM) has been set up with a three year budget of Rs.9046.17 crore commencing from 2017-18. The NNM is a comprehensive approach towards raising nutrition level in the country on a war footing. Iron and Folic Acid (IFA) supplements will be given and mapped in the country.