Global Clean Label Plant-Based Supplements Market, By Raw Material (Soy, Spirulina, Pumpkin Seed, Hemp, Rice, Pea, Others), Product (Protein Powder, Protein Bars, Ready- to-Drink (RTD), Others), Distribution Channel (Supermarket, Online Stores, Direct To Consumer, Others), Application (Sports Nutrition, Additional Nutrition, Others), Form (Protein Isolate, Protein Concentrate, Textured Protein), Nature (Organic, Conventional), Country (U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa) Industry Trends and Forecast to 2029
Market Analysis and Insights of Clean Label Plant-Based Supplements Market
Data Bridge Market Research analyses that the global clean label plant-based supplements market will project a CAGR of 7.60% for the forecast period of 2022-2029. Growth and expansion of the food and beverages industry, growing focus on innovations by the food and beverages sector, rising consumer consciousness towards the consumption of plant based food items rich in protein, changings tastes and preferences of consumers, rising vegan population base and increasing personal disposable income by the major companies are the major factors attributable to the growth of clean label plant-based supplements market. Therefore, the market value, which was USD 3.60 billion in 2020, would rocket up to USD 6.96 billion by 2029.
Clean label plant-based supplements are the supplements that are manufactured using simple and natural ingredients with no or minimal use of manufacturing aids. The clean label plant-based supplements are free of genetically modified organisms such as gluten, allergens and artificial or synthetic components.
Rising personal disposable income and growing prevalence of obesity and other chronic disorders are the major factors fostering the growth of the market. Changing lifestyle, westernization, rising research and development initiatives taken by major companies especially in the developing economies, surging awareness among the people in regards to maintaining health and fitness and growth of sports nutrition industry are acting as market growth determinants. Improving distribution channel, rising penetration of e-commerce channels, growing demand for convenient food products, rising trend of social media marketing and growing adoption of urban lifestyle will further induce growth in the market value.
However, negative publicity around the product will pose a major challenge to the growth of the market. Fluctuations in the prices of machinery equipment, high costs associated with the product and supply chain disruptions owing to the pandemic will further restrict the scope of growth for the market. High cost associated with the research and development activities and availability of low cost alternatives will also hamper the market growth rate.
This clean label plant-based supplements market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on clean label plant-based supplements market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Clean Label Plant-Based Supplements Market Scope and Market Size
The clean label plant-based supplements market is segmented on the basis of raw material, product, distribution channel, application, form and nature. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of raw material, the clean label plant-based supplements market is segmented into soy, spirulina, pumpkin seed, hemp, rice, pea, and others.
- Based on product, the clean label plant-based supplements market is segmented into protein powder, protein bars, ready- to-drink (RTD), and others
- On the basis of distribution channel, the clean label plant-based supplements market is segmented into supermarket, online stores, DTC, and others.
- Based on application, the clean label plant-based supplements market is segmented into sports nutrition, additional nutrition, and others.
- Based on the form, the clean label plant-based supplements market is segmented into protein isolate, protein concentrate, and textured protein.
- The clean label plant-based supplements market is also segmented on the basis of nature. The nature is segmented into organic, and conventional.
Clean Label Plant-Based Supplements Market Country Level Analysis
The clean label plant-based supplements market is analyses and market size, volume information is provided by country, raw material, product, distribution channel, application, form and nature as referenced above.
The countries covered in the clean label plant-based supplements market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa(MEA) as a part of Middle East and Africa(MEA).
North America region dominates the clean label plant-based supplements market and will continue to flourish its trend of dominance during the forecast period owing to the heavy consumption of the product in U.S. and Canada and increasing vegan population base. Asia-Pacific region will score the highest growth rate owing to the growing levels of consumption protein rich clean label food items, rising consumer awareness about advantages of clean label plant-based supplements, growing population, changing lifestyle, and increasing personal disposable income.
The country section of the clean label plant-based supplements market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Clean Label Plant-Based Supplements Market Share Analysis
The clean label plant-based supplements market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to clean label plant-based supplements market.
Some of the major players operating in the clean label plant-based supplements market are Glanbia plc, AMCO Proteins, QuestNutrition, NOW Foods, Nature's Bounty, Inc, MusclePharm., Abbott., CytoSport, Inc., Iovate Health Sciences International Inc., Transparent Labs., Danone, Roquette Frères., Kerry Inc., BENEO, Amway India Enterprises Pvt. Ltd., BLUE DIAMOND GLOBAL INGREDIENTS DIVISION., Nuzest Life Pty Ltd, ADM, Cargill, Incorporated and DuPont among others.
SKU-