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Plant Based Protein Supplements Market

Publisher Fortune Business Insights Pvt. Ltd.
Published Sep 01, 2024
Length 134 Pages
SKU # FOB19185495

Description

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)


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Table of Contents

134 Pages
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

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