The Global Plant Protein Supplements Market Report is a compilation of comprehensive research studies of various aspects of the Plant Protein Supplements Market. With accurate data and highly authentic information, a brilliant attempt is made to paint a true, transparent picture of the current and future situations of the global Plant Protein Supplements market. Market participants can use this powerful tool when creating effective business plans or making major changes to their strategies. The report discusses the growth of the global as well as regional markets. It also throws light on high-growth segments of the global Plant Protein Supplements market and how they will evolve in the years to come.
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In terms of revenue, the global plant protein supplements market was valued at US$ 5,241.58 Mn in 2020 growing at a CAGR of 8.2% over the forecast period (2021 – 2029).. Danone SA, General Nutrition Centers (GNC) Holdings Inc., Glanbia plc., Health Group Inc., Herbalife Nutrition Inc., Iovate Health Sciences International Inc., Kerry Group Plc, Muscle Pharm Corporation, NOW Foods, Nutiva Inc, Orgain Inc., PepsiCo, Reliance Vitamin Company Inc., The Nature’s Bounty Co., The Simply Good Food Co, True Nutrition, Other Market Participants
Plant-based protein supplement products are protein supplements that are processed and generated from several types of nutritional plant sources. Soy, pea, chickpea, brown rice, and other plant-based sources are among the most common constituents in plant protein supplements. Plant protein supplements are one of the most effective forms of protein obtained from plants. Plant-based protein supplements are extremely healthy. Powders, like whey protein, can offer the human body protein as well as other essential nutrients including fibre, vitamins, and minerals.
Consumer awareness of the nutritional benefits and preference for plant-based foods is fuelling the growth of the plant protein supplements market
Consumers are increasingly adopting plant-based diets as their understanding of animal cruelty and environmental sustainability grows. Consumer perceptions that plant-based products are safer and healthier than animal-based products are fuelling the rise of the plant protein supplements market. Manufacturers have been driven to develop new sources of plant protein due to the expanding vegan population and preference for vegetarian diets. The rise in vegan population and increased awareness of the benefits of healthy food products are two significant factors driving demand for plant protein supplements products. Furthermore, rising health consciousness, disposable income, and knowledge of chemical-free products are all factors driving market expansion.
Plant-based protein sources are linked to allergies which are hampering the growth of the market
Increased consumption of concentrated versions of pea and other plant-protein isolates than in traditional diets may produce allergy reactions in people who have never had difficulties eating these plant proteins before. Soy is one of the Big Eight allergens, along with cow’s milk, eggs, peanuts, tree nuts, wheat, fish, and shellfish that accounts for 90% of all food allergies, according to studies. When human immune system misinterprets the mild proteins found in soy as hazardous, antibodies are produced to oppose them, resulting in a soy allergy. These factors are likely to hinder the plant protein supplements market demand.
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Global Plant Protein Supplements Market Sources Outlook (Revenue, USD Million, 2015 – 2029)
- Pea
- Hemp Seeds
- Rice
- Chickpea
- Soy
- Sacha Inch
- Spirulina
- Pumpkin Seed
- Blue-Green Algae
- Others
Global Plant Protein Supplements Market Sales Channel Outlook (Revenue, USD Million, 2015 – 2029)
- Online
- Offline
- Supermarkets/Hypermarkets
- Specialty Stores
- Others
Global Plant Protein Supplements Market Form Outlook (Revenue, USD Million, 2015 – 2029)
- Chewables
- Tablets
- Capsules
- Powder
- Softgels
- Others
Global Plant Protein Supplements Market Application Outlook (Revenue, USD Million, 2015 – 2029)
- Bone & Joint Support
- Children’s Health
- Cognitive Health
- Detox & Liver Support
- Diet & Weight Management
- Digestive Support
- Eye Health
- Heart Health
- Immune Support
- Men’s Health
- Nervous System Support
- Skin Health
- Sleep & Mood Support
- Women’s Health
- Sports Nutrition
- Others
Global Plant Protein Supplements Market End User Outlook (Revenue, USD Million, 2015 – 2029)
- Infants
- Adolescents
- Adult
- Elderly
Global Plant Protein Supplements Market Regional Outlook (Revenue, USD Million, 2015 – 2029)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries, Benelux Union, Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Rest of Asia Pacific)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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