Plant Based Protein Supplements Market

Best Price Guarantee	Length	Publisher	Published Date	SKU
from $4,850	134 Pages	Fortune Business Insights Pvt. Ltd.	September, 2024	FOB19185495

Best Price Guarantee
Price	from $4,850
Length	134 Pages
Publisher	Fortune Business Insights Pvt. Ltd.
Published Date	September, 2024
SKU	FOB19185495

Plant Based Protein Supplements Market

Growth Factors of Plant Based Protein Supplements Market

The global plant based protein supplements market size was valued at USD 5.96 billion in 2023 and is projected to grow from USD 6.26 billion in 2024 to USD 10.17 billion by 2032, exhibiting a CAGR of 6.24% during the forecast period of 2024-2032.

COVID-19 has increased the call for plant-based protein supplements due to increased awareness of fitness and fit food products. Despite offering innovative chain disruptions and increasing costs demanding situations, the shift closer to wellness and sustainability proceed to energize plant based protein supplements market growth.

The aid of developing health attention drives the plant-based protein dietary supplements marketplace, growing demand for vegan and vegetarian diets, and growing focus on environmental sustainability. Consumers seek alternatives for animal-based total proteins for health and ethical reasons, which fuels marketplace increase.

Purchaser worries regarding sustainability and ethical sourcing increasingly push the plant-based total protein complement market. Consumers are becoming more privy to the environmental impact of their food choices, and plant-based total proteins are frequently visible as an extra sustainable alternative to animal-based total proteins, expanding the plant based protein supplements market share globally. Additionally, producers specialise in ethically sourced elements and sustainable manufacturing practices to attract conscious clients. This fashion reflects a developing choice for products that aren't always the handiest wholesome but also contribute to a more sustainable and equitable meal device.

Comprehensive Analysis of Plant Based Protein Supplements Market

The plant-primarily based protein supplement marketplace is segmented by type and distribution channels. By kind, soy protein remains the dominant section due to its advanced dietary fee and uncooked cloth availability, despite the latest slowdown in income. However, pea protein, particularly in concentrates and isolates, is anticipated to surpass soy protein in value and extent because of its developing reputation and use in numerous nutritional supplements. Other plant proteins, like spirulina and hemp, are emerging tendencies in all likelihood to boost revenue. In terms of distribution, mass merchandisers, which include supermarkets and hypermarkets, presently lead the marketplace by supplying convenience and satisfaction. However, the upward push of online retail and vital point shops is moving focus, with agencies investing extra in e-trade to cater to the growing variety of young purchasers and adapt to post-pandemic modifications.

The North America region led the plant based protein supplements market by benefitting a size of USD 2.72 billion in 2023 due to its widespread contribution of more than half of the global sales; they may be leading the plant-based protein dietary supplements market percentage.

The leading players in the plant-based protein supplements market significantly shape its growth trajectory and set industry standards. These key players, including Danone S.A. (Paris, France), Roquette Frères (Lestrem, France), Kerry Group plc (Listowel, Ireland), BENEO GmbH (Mannheim, Germany), Glanbia plc (Kilkenny, Ireland), Iovate Health Sciences International Inc. (Ontario, Canada), Amway (Michigan, U.S.), MusclePharm Corporation (California, U.S.), Sakara Life, Inc. (New York, U.S.), Tiba Starch & Glucose Manufacturing Company (Ash Sharqia Governorate, Egypt), and Nuzest Life Pty Ltd. (New South Wales, Australia), drive a competitive landscape, fostering innovation and market advancement.

In July 2023, Pulsin, a rising vegan product manufacturer based in the UK, broadened its variety of vegan protein powders by introducing new services. The modern-day line features four flavours: Berry, Chocolate, Chocolate Hazelnut, and Vanilla, and is formulated with pea, fava, and pumpkin seed proteins.

Segmentation Table

ATTRIBUTE DETAILS

Study Period 2019-2032

Base Year 2023

Estimated Year 2024

Forecast Period 2024-2032

Historical Period 2019-2022

Unit Value (USD Billion)

Growth Rate CAGR of 6.24% from 2024 to 2032

Segmentation By Type

- Soy

- Pea

- Wheat

- Others

Distribution Channel

- Mass Merchandisers

- Pharmacies/Drugstores

- Specialty Stores

- Online Retail

- Others

By Geography

- North America (By Type, Distribution Channel, and By Country)

The U.S. (By Type)
Canada (By Type)
Mexico (By Type)

- Europe (By Type, Distribution Channel, and By Country)

U.K. (By Type)
France (By Type)
Germany (By Type)
Spain (By Type)
Italy (By Type)
Belgium(By Type)
Russia (By Type)
Rest of Europe (By Type)

- Asia Pacific (By Type, Distribution Channel, and By Country)

China (By Type)
India (By Type)
Japan (By Type)
Australia (By Type)
Rest of Asia Pacific (By Type)

- South America (By Type, Distribution Channel, and By Country)

Brazil (By Type)
Argentina (By Type)
Rest of South America (By Type)

- The Middle East and Africa (By Type, Distribution Channel, and By Country)

South Africa (By Type)
UAE (By Type)
Rest of ME&A (By Type)

Please Note:

1. Introduction: 1.1. Research Scope; 1.2. Market Segmentation; 1.3. Research Methodology; 1.4. Definitions and Assumptions
2. Executive Summary
3. Market Dynamics: 3.1. Market Drivers; 3.2. Market Restraints; 3.3. Market Opportunities; 3.4. Emerging Trends
4. Key Insights: 4.1. Overview of the Parent/Related Markets; 4.2. Industry SWOT Analysis; 4.3. Supply Chain Analysis; 4.4. Recent Industry Developments - Policies, Partnerships, New Product Launches, and Mergers & Acquisitions; 4.5. Qualitative Analysis Related to COVID-19; 4.5.1. Impact of COVID-19 on the Market; 4.5.2. Supply Chain Challenges amidst Pandemic; 4.5.3. Potential Opportunities due to this Global Crisis
5. Global Plant Based Protein Supplements Market Analysis, Insights and Forecast, 2019-2032: 5.1. Key Findings / Summary; 5.2. Market Size Estimates and Forecast; 5.2.1. By Type; 5.2.1.1. Soy Protein; 5.2.1.2. Pea Protein; 5.2.1.3. Wheat Protein; 5.2.1.4. Others; 5.2.2. By Distribution Channel; 5.2.2.1. Supermarkets/Hypermarkets; 5.2.2.2. Pharmacies/Drug Stores; 5.2.2.3. Specialty Stores; 5.2.2.4. Online Retail; 5.2.2.5. Others; 5.2.3. By Region; 5.2.3.1. North America; 5.2.3.2. Europe; 5.2.3.3. Asia Pacific; 5.2.3.4. South America; 5.2.3.5. Middle East & Africa
6. North America Plant Based Protein Supplements Market Analysis, Insights and Forecast, 2019-2032: 6.1. Key Findings / Summary; 6.2. Market Size Estimates and Forecast; 6.2.1. By Type; 6.2.1.1. Soy Protein; 6.2.1.2. Pea Protein; 6.2.1.3. Wheat Protein; 6.2.1.4. Others; 6.2.2. By Distribution Channel; 6.2.2.1. Supermarkets/Hypermarkets; 6.2.2.2. Pharmacies/Drug Stores; 6.2.2.3. Specialty Stores; 6.2.2.4. Online Retail; 6.2.2.5. Others; 6.2.3. By Country (Value); 6.2.3.1. U.S; 6.2.3.1.1. By Type (Value); 6.2.3.1.1.1. Soy Protein; 6.2.3.1.1.2. Pea Protein; 6.2.3.1.1.3. Wheat Protein; 6.2.3.1.1.4. Others; 6.2.3.2. Canada; 6.2.3.2.1. Type (Value); 6.2.3.2.1.1. Soy Protein; 6.2.3.2.1.2. Pea Protein; 6.2.3.2.1.3. Wheat Protein; 6.2.3.2.1.4. Others; 6.2.3.3. Mexico; 6.2.3.3.1. Type (Value); 6.2.3.3.1.1. Soy Protein; 6.2.3.3.1.2. Pea Protein; 6.2.3.3.1.3. Wheat Protein; 6.2.3.3.1.4. Others
7. Europe Plant Based Protein Supplements Market Analysis, Insights and Forecast, 2019-2032: 7.1. Key Findings / Summary; 7.2. Market Size Estimates and Forecast; 7.2.1. By Type; 7.2.1.1. Soy Protein; 7.2.1.2. Pea Protein; 7.2.1.3. Wheat Protein; 7.2.1.4. Others; 7.2.2. By Distribution Channel; 7.2.2.1. Supermarkets/Hypermarkets; 7.2.2.2. Pharmacies/Drug Stores; 7.2.2.3. Specialty Stores; 7.2.2.4. Online Retail; 7.2.2.5. Others; 7.2.3. By Country (Value); 7.2.3.1. U.K.; 7.2.3.1.1. Type (Value); 7.2.3.1.1.1. Soy Protein; 7.2.3.1.1.2. Pea Protein; 7.2.3.1.1.3. Wheat Protein; 7.2.3.1.1.4. Others; 7.2.3.2. France; 7.2.3.2.1. Type (Value); 7.2.3.2.1.1. Soy Protein; 7.2.3.2.1.2. Pea Protein; 7.2.3.2.1.3. Wheat Protein; 7.2.3.2.1.4. Others; 7.2.3.3. Germany; 7.2.3.3.1. Type (Value); 7.2.3.3.1.1. Soy Protein; 7.2.3.3.1.2. Pea Protein; 7.2.3.3.1.3. Wheat Protein; 7.2.3.3.1.4. Others; 7.2.3.4. Spain; 7.2.3.4.1. Type (Value); 7.2.3.4.1.1. Soy Protein; 7.2.3.4.1.2. Pea Protein; 7.2.3.4.1.3. Wheat Protein; 7.2.3.4.1.4. Others; 7.2.3.5. Italy; 7.2.3.5.1. Type (Value); 7.2.3.5.1.1. Soy Protein; 7.2.3.5.1.2. Pea Protein; 7.2.3.5.1.3. Wheat Protein; 7.2.3.5.1.4. Others; 7.2.3.6. Belgium; 7.2.3.6.1. Type (Value); 7.2.3.6.1.1. Soy Protein; 7.2.3.6.1.2. Pea Protein; 7.2.3.6.1.3. Wheat Protein; 7.2.3.6.1.4. Others; 7.2.3.7. Russia; 7.2.3.7.1. Type (Value); 7.2.3.7.1.1. Soy Protein; 7.2.3.7.1.2. Pea Protein; 7.2.3.7.1.3. Wheat Protein; 7.2.3.7.1.4. Others; 7.2.3.8. Rest of Europe; 7.2.3.8.1. Type (Value); 7.2.3.8.1.1. Soy Protein; 7.2.3.8.1.2. Pea Protein; 7.2.3.8.1.3. Wheat Protein; 7.2.3.8.1.4. Others
8. Asia Pacific Plant Based Protein Supplements Market Analysis, Insights and Forecast, 2019-2032: 8.1. Key Findings / Summary; 8.2. Market Size Estimates and Forecast; 8.2.1. By Type; 8.2.1.1. Soy Protein; 8.2.1.2. Pea Protein; 8.2.1.3. Wheat Protein; 8.2.1.4. Others; 8.2.2. By Distribution Channel; 8.2.2.1. Supermarkets/Hypermarkets; 8.2.2.2. Pharmacies/Drug Stores; 8.2.2.3. Specialty Stores; 8.2.2.4. Online Retail; 8.2.2.5. Others; 8.2.3. By Country (Value); 8.2.3.1. China; 8.2.3.1.1. Type (Value); 8.2.3.1.1.1. Soy Protein; 8.2.3.1.1.2. Pea Protein; 8.2.3.1.1.3. Wheat Protein; 8.2.3.1.1.4. Others; 8.2.3.2. India; 8.2.3.2.1. Type (Value); 8.2.3.2.1.1. Soy Protein; 8.2.3.2.1.2. Pea Protein; 8.2.3.2.1.3. Wheat Protein; 8.2.3.2.1.4. Others; 8.2.3.3. Japan; 8.2.3.3.1. Type (Value); 8.2.3.3.1.1. Soy Protein; 8.2.3.3.1.2. Pea Protein; 8.2.3.3.1.3. Wheat Protein; 8.2.3.3.1.4. Others; 8.2.3.4. Australia; 8.2.3.4.1. Type (Value); 8.2.3.4.1.1. Soy Protein; 8.2.3.4.1.2. Pea Protein; 8.2.3.4.1.3. Wheat Protein; 8.2.3.4.1.4. Others; 8.2.3.5. Rest of Asia Pacific; 8.2.3.5.1. Type (Value); 8.2.3.5.1.1. Soy Protein; 8.2.3.5.1.2. Pea Protein; 8.2.3.5.1.3. Wheat Protein; 8.2.3.5.1.4. Others
9. South America Plant Based Protein Supplements Market Analysis, Insights and Forecast, 2019-2032: 9.1. Key Findings / Summary; 9.2. Market Size Estimates and Forecast; 9.2.1. By Type; 9.2.1.1. Soy Protein; 9.2.1.2. Pea Protein; 9.2.1.3. Wheat Protein; 9.2.1.4. Others; 9.2.2. By Distribution Channel; 9.2.2.1. Supermarkets/Hypermarkets; 9.2.2.2. Pharmacies/Drug Stores; 9.2.2.3. Specialty Stores; 9.2.2.4. Online Retail; 9.2.2.5. Others; 9.2.3. By Country (Value); 9.2.3.1. Brazil; 9.2.3.1.1. Type (Value); 9.2.3.1.1.1. Soy Protein; 9.2.3.1.1.2. Pea Protein; 9.2.3.1.1.3. Wheat Protein; 9.2.3.1.1.4. Others; 9.2.3.2. Argentina; 9.2.3.2.1. Type (Value); 9.2.3.2.1.1. Soy Protein; 9.2.3.2.1.2. Pea Protein; 9.2.3.2.1.3. Wheat Protein; 9.2.3.2.1.4. Others; 9.2.3.3. Rest of South America; 9.2.3.3.1. Type (Value); 9.2.3.3.1.1. Soy Protein; 9.2.3.3.1.2. Pea Protein; 9.2.3.3.1.3. Wheat Protein; 9.2.3.3.1.4. Others
10. Middle East & Africa Plant Based Protein Supplements Market Analysis, Insights and Forecast, 2019-2032: 10.1. Key Findings / Summary; 10.2. Market Size Estimates and Forecast; 10.2.1. By Type; 10.2.1.1. Soy Protein; 10.2.1.2. Pea Protein; 10.2.1.3. Wheat Protein; 10.2.1.4. Others; 10.2.2. By Distribution Channel; 10.2.2.1. Supermarkets/Hypermarkets; 10.2.2.2. Pharmacies/Drug Stores; 10.2.2.3. Specialty Stores; 10.2.2.4. Online Retail; 10.2.2.5. Others; 10.2.3. By Country (Value); 10.2.3.1. South Africa; 10.2.3.1.1. Type (Value); 10.2.3.1.1.1. Soy Protein; 10.2.3.1.1.2. Pea Protein; 10.2.3.1.1.3. Wheat Protein; 10.2.3.1.1.4. Others; 10.2.3.2. UAE; 10.2.3.2.1. Type (Value); 10.2.3.2.1.1. Soy Protein; 10.2.3.2.1.2. Pea Protein; 10.2.3.2.1.3. Wheat Protein; 10.2.3.2.1.4. Others; 10.2.3.3. Rest of Middle East and Africa; 10.2.3.3.1. Type (Value); 10.2.3.3.1.1. Soy Protein; 10.2.3.3.1.2. Pea Protein; 10.2.3.3.1.3. Wheat Protein; 10.2.3.3.1.4. Others
11. Competitive Matrix: 11.1. Business Strategies Adopted by Leading Players; 11.2. Global Plant Based Protein Supplements Market Revenue Share/Ranking Analysis, By Key Manufacturer, 2020
12. Company Profiles: 12.1. Danone S.A.; 12.1.1. Overview; 12.1.2. Description; 12.1.3. Product Portfolio; 12.1.4. Financials (Data as available in public domain and/or on paid databases); 12.1.5. Recent Developments; 12.2. Roquette; 12.2.1. Overview; 12.2.2. Description; 12.2.3. Product Portfolio; 12.2.4. Financials (Data as available in public domain and/or on paid databases); 12.2.5. Recent Developments; 12.3. Kerry Group; 12.3.1. Overview; 12.3.2. Description; 12.3.3. Product Portfolio; 12.3.4. Financials (Data as available in public domain and/or on paid databases); 12.3.5. Recent Developments; 12.4. BENEO GmbH; 12.4.1. Overview; 12.4.2. Description; 12.4.3. Product Portfolio; 12.4.4. Financials (Data as available in public domain and/or on paid databases); 12.4.5. Recent Developments; 12.5. Glanbia Plc; 12.5.1. Overview; 12.5.2. Description; 12.5.3. Product Portfolio; 12.5.4. Financials (Data as available in public domain and/or on paid databases); 12.5.5. Recent Developments; 12.6. Iovate Health Sciences International, Inc.; 12.6.1. Overview; 12.6.2. Description; 12.6.3. Product Portfolio; 12.6.4. Financials (Data as available in public domain and/or on paid databases); 12.6.5. Recent Developments; 12.7. Amway; 12.7.1. Overview; 12.7.2. Description; 12.7.3. Product Portfolio; 12.7.4. Financials (Data as available in public domain and/or on paid databases); 12.7.5. Recent Developments; 12.8. MusclePharm Corporation; 12.8.1. Overview; 12.8.2. Description; 12.8.3. Product Portfolio; 12.8.4. Financials (Data as available in public domain and/or on paid databases); 12.8.5. Recent Developments; 12.9. Transperent Labs; 12.9.1. Overview; 12.9.2. Description; 12.9.3. Product Portfolio; 12.9.4. Financials (Data as available in public domain and/or on paid databases); 12.9.5. Recent Developments; 12.10. Nuzest; 12.10.1. Overview; 12.10.2. Description; 12.10.3. Product Portfolio; 12.10.4. Financials (Data as available in public domain and/or on paid databases); 12.10.5. Recent Developments; 12.11. Tiba Starch & Glucose Manufacturing Company (Ash Sharqia Governorate, Egypt); 12.11.1. Overview; 12.11.2. Description; 12.11.3. Product Portfolio; 12.11.4. Financials (Data as available in public domain and/or on paid databases); 12.11.5. Recent Developments
13. Appendix