Global Plant Based Protein Supplements Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 6.05 Billion |
 Market Size (Forecast Year) |
USD 10.86 Billion |
 CAGR |
% |
| Major Markets Players |
|
Global Plant Based Protein Supplements Market Segmentation, 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, DTC, Others), Application (Sports Nutrition, Additional Nutrition, Others), Form (Protein Isolate, Protein Concentrate, Textured Protein), Nature (Organic, Conventional) - Industry Trends and Forecast to 2031.
Global Plant Based Protein Supplements Market Size
Global plant based protein supplements market size was valued at USD 6.05 billion in 2023 and is projected to reach USD 10.86 billion by 2031, with a CAGR of 7.59% during the forecast period of 2024 to 2031.
Report Scope and Market Segmentation
|
Attributes |
Plant Based Protein Supplements Key Market Insights |
|
Segmentation |
By Raw Material: Soy, Spirulina, Pumpkin Seed, Hemp, Rice, Pea, and Others By Product: Protein Powder, Protein Bars, Ready- to-Drink (RTD), and Others By Distribution Channel: Supermarket, Online Stores, DTC, and Others By Application: Sports Nutrition, Additional Nutrition, and Others By Form: Protein Isolate, Protein Concentrate, and Textured Protein By Nature: Organic and Conventional |
|
Countries Covered |
U.S., Canada, Mexico, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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 |
|
Key Market Players |
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. |
Global Plant Based Protein Supplements Market Dynamic
Rising cases of obesity worldwide, growing awareness among the people regarding health and fitness, increasing importance of plant based nutrition, growth of sports nutrition industry are some of the factors that will likely to enhance the growth of the plant based protein supplements market in the forecast period of 2024-2031. On the other hand, growing number of millennial population, increasing social media marketing which will further boost many opportunities that will lead to the growth of the plant based protein supplements market in the above mentioned forecast period.
Availability of substitute at cheap prices, negative publicity and side effects will hamper the growth of the plant based protein supplements market in the above mentioned forecast period.
This plant based protein 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 plant based protein 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 Plant Based Protein Supplements Market Scope
Plant based protein supplements market is segmented on the basis of raw material, product, distribution channel, application, form and nature. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
Raw Material
Product
- Protein Powder
- Protein Bars
- Ready- to-Drink (RTD)
- Others
Distribution Channel
- Supermarket
- Online Stores
- DTC
- Others
Application
- Sports Nutrition
- Additional Nutrition
- Others
Form
- Protein Isolate
- Protein Concentrate
- Textured Protein
Nature
- Organic
- Conventional
Plant Based Protein Supplements Market Regional Analysis
Plant based protein supplements market is analyses and market size, volume information is provided by country by raw material, product, distribution channel, application, form and nature as referenced above.
The countries covered in the plant based protein supplements market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, 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 dominates the plant based protein supplements market due to the increasing awareness among the people regarding vegan diet and brand campaigning on social media platform while Asia-Pacific will expect to grow in the forecast period 2024 to 2031 because of growing urbanization along with rising disposable income of the people and increasing spending for the development of natural ingredients.
The country section of the plant based protein 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.
Plant Based Protein Supplements Market Share
Plant based protein 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 plant-based protein supplements market.
Plant Based Protein Supplements Market Market Leaders Operating in the 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
- DuPont
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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