Plant Based Protein Supplements Market Growth, Trends, COVID-19 Impact and Forecasts to 2029


Posted February 7, 2023 by pranit10

Plant-Based Protein Supplements Market was valued at US$ 5.48 Bn in 2021 and is expected to reach US$ 8.48 Bn by 2029, at a CAGR of 5.6% during a forecast period.
 
Plant-Based Protein Supplements Market Overview:

The competitive landscape of the Plant-Based Protein Supplements market includes information about competitors. Among the topics covered are a firm overview, financials, revenue generated, market potential, R&D investment, new market efforts, geographical presence, business strengths and weaknesses, product introduction, and application dominance. The following information is only relevant to the organization's focus on the Plant-Based Protein Supplements market.

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Plant-Based Protein Supplements Market Scope:

Top-down and bottom-up approaches are used to validate market size and estimate market size by different segments. The market estimates in the study are based on the sale price (excluding any discounts provided by the manufacturer, distributor, wholesaler, or traders). To generate percentage splits, market shares, and segment breakdowns, weights based on usage rate and average sale price are applied to each area. The percentage adoption or usage of the specified market Size in the relevant area or nation determines the country-wise divisions of the overall market and its sub-segments.

Plant-Based Protein Supplements Market Segmentation:

In terms of raw material, the soy segment is expected to drive the global plant-based protein supplements market during the forecast period. The growing popularity of vegan diets among consumers around the world is driving up demand for soy proteins. Protein isolate held the largest revenue share in the last decade, owing to a growing preference for low-fat diets among the global population. In terms of application, the food and beverages segment is expected to drive global plant-based protein supplements market growth due to increased population and rising spending power of the global middle-class population. The growing number of animal stock is driving up demand for animal feed with essential nutrients, high protein content, and vitamins.

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Plant-Based Protein Supplements Market Key Players:

The following are the key players of the Plant-Based Protein Supplements market-

DuPont | Nutrition & Health
Kerry Group
The Scoular Company
Omega Protein Corporation
Roquette Frères
Axiom Foods, Inc.
Glanbia plc
Growing Naturals, LLC.
Manitoba Harvest Hemp Foods
Amway Corporation
AMCO Proteins
QuestNutrition
MusclePharm Corporation
Regional Analysis:

In the geographical component of the research, specific market influencing factors and modifications to market laws that have an impact on present and future market trends are also examined. Analysis of the downstream and upstream value chains, technological trends, an examination of Porter's five forces, and case studies are a few of the components used to forecast market scenarios for various nations.

COVID-19 Impact Analysis on Plant-Based Protein Supplements Market:

The COVID-19's effects on the Plant-Based Protein Supplements sector are also evaluated in the paper. The main objective of this research is to provide users with an understanding of the market in terms of definition, segmentation, market potential, important trends, and difficulties that the sector faces globally. The study looks at the macroeconomic and microeconomic effects of COVID-19 on the Plant-Based Protein Supplements Market. In order to clearly show the pandemic's impact on the global Plant-Based Protein Supplements industry in the coming years, the analysis focuses on market share and size.

Key Questions Answered in the Plant-Based Protein Supplements Market Report are:

What will be the Plant-Based Protein Supplements market's CAGR throughout the projected period (2021-2027)?
Which market category emerged as the market leader in the Plant-Based Protein Supplements industry?
Who are the key players in the Plant-Based Protein Supplements industry?
What important trends in the Plant-Based Protein Supplements industry are anticipated to develop throughout the forecast period?
How big will the Plant-Based Protein Supplements industry be in 2027?
In 2020, which business segment had the highest proportion of the Plant-Based Protein Supplements industry?
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Last Updated February 7, 2023