DUBLIN, June 22, 2021 /PRNewswire/ — The “Plant-Based Protein Supplements Market by Type (Soy Protein, Rice Protein), Form (Powder, RTD), Application (Sports Nutrition, Additional Nutrition), and Distribution Channel (Hypermarket/Supermarket, E-Commerce, Pharmacies) – Global Forecast To 2027” report has been added to ResearchAndMarkets.com’s providing.
The plant-based protein dietary supplements market is anticipated to develop at a CAGR of seven.8% from 2020 to 2027 to achieve $9.57 billion by 2027.
This market’s progress is especially supported by the rising curiosity in plant-based diet, rising significance of sports activities & well being diet, growing inclination in direction of a vegan food regimen, and growing demand for customized diet.
Furthermore, rising demand from rising economies in Asia-Pacific, Latin America, and the Center East and Africa and new product launches of plant-based protein dietary supplements are anticipated to create profitable alternatives for gamers working on this market. Nevertheless, the desire for whey-based protein dietary supplements and rising desire for free-label (soy and gluten-free) merchandise are anticipated to hinder this market’s progress.
Primarily based on sort, the soy protein section accounted for the most important share of the general plant-based protein dietary supplements market in 2020. This section’s main place is especially attributed to the straightforward availability of uncooked materials for soy protein, cost-effectiveness in comparison with different sources of protein dietary supplements, superior dietary worth than different sources, and better client acceptance degree. Nevertheless, the pea protein section is anticipated to develop on the quickest CAGR through the forecast interval.
Primarily based on kind, the powder protein section accounted for the most important share of the general plant-based protein dietary supplements market in 2020. The foremost share of this section is especially attributed to their greater demand with ease in dealing with & transport, price effectiveness, capacity to keep away from pricey formulation errors, and competence to take care of the ingredient’s stability. Nevertheless, the ready-to-drink section is anticipated to develop on the quickest CAGR through the forecast interval as a result of rising recognition of handy and able to drink drinks.
Primarily based on the appliance, the sports activities diet section accounted for the most important share of the general plant-based protein dietary supplements market in 2020. This section’s giant share is especially attributed to elevated new product growth, growing variety of children selecting a profession in sports activities, and rise in nationwide and worldwide sports activities occasions. This section can be anticipated to develop on the quickest CAGR through the forecast interval as a consequence of growing consciousness relating to the advantages of a balanced and nutrient-rich food regimen in miniating the athletes’ muscle tone and stamina.
Primarily based on the distribution channel, the trendy grocery section held the most important share of the general plant-based protein dietary supplements market in 2020. The big share of this market is especially attributed to the large base of supermarkets & hypermarkets and growing client desire for purchasing from such retailers. Nevertheless, the net retail section is anticipated to develop on the quickest CAGR through the forecast interval.
Geographically, North America accounted for the most important share of the general plant-based protein dietary supplements market in 2020. North America’s distinguished place within the plant-based protein dietary supplements market is primarily attributed to excessive demand for dietary dietary supplements, deal with wholesome life-style, well-established nutraceutical and practical meals business, and rising well being & wellness and clear label traits.
Nevertheless, Asia-Pacific is growing and increasing at a major tempo. Amongst different regional markets, Asia Pacific is demonstrating indicators of robust progress within the close to future.
Key questions answered within the report:
- What’s the present worth of income generated by plant-based protein dietary supplements throughout the globe?
- At what price the demand for plant-based protein dietary supplements is projected to develop for the following 5-7 years?
- What’s the historic market measurement and progress price for plant-based protein dietary supplements throughout the globe?
- What are the main components impacting the expansion of this market on the world and regional degree? What are the main alternatives for current market gamers and new entrants available in the market?
- What impression does the present COVID-19 pandemic have on the plant-based protein dietary supplements market at numerous ranges within the worth chain?
- Which segments by way of the kind, kind, software, and distribution channel are creating the main traction for the distributors on this market?
- What are the important thing geographical traits on this market? Which areas/international locations are anticipated to supply vital progress alternatives for the distributors working within the plant-based protein dietary supplements marketplace for fashionable grocery distribution?
- Who’re the main gamers within the plant-based protein dietary supplements market? And in addition, what are their particular product providing within the sports activities diet and extra diet business?
- What current developments have taken place within the plant-based protein dietary supplements market and these strategic developments are creating a world impression on this market?
The important thing gamers working within the plant-based protein dietary supplements market are
- Glanbia plc. (Eire)
- Now Well being Group Inc. (U.S.)
- Nutiva Inc (U.S.)
- The Merely Good Meals Co (U.S.)
- Iovate Well being Sciences Worldwide Inc. (Canada)
- MusclePharm Company (U.S.)
- Kerry Group Plc (Eire)
- CytoSport Inc. (U.S.)
- The Nature’s Bounty Co. (U.S.)
- Reliance Vitamin Firm Inc. (U.S.)
- Herbalife Vitamin Inc. (U.S.)
- Danone SA (France)
- Normal Vitamin Facilities (GNC) Holdings Inc. (U.S.)
- Orgain Inc. (U.S.)
- True Vitamin (U.S.).
Key Matters Lined:
2 Analysis Methodology
3 Govt Abstract
3.2. Section Evaluation
3.3. Plant-Primarily based Protein Dietary supplements Market: Regional Evaluation
3.3.1. Aggressive Panorama & Market Rivals
4 Market Insights
4.2.1. Rising Curiosity within the Plant-Primarily based Vitamin
4.2.2. Optimistic Outlook In direction of the Sports activities and Well being Vitamin Industries
4.2.3. Growing Inclination In direction of the Vegan Food regimen
4.2.4. Growing Demand for Personalised Vitamin
4.3.1. Desire for Whey-Primarily based Protein Dietary supplements
4.3.2. Rising Desire for Soy- and Gluten-Free Merchandise
4.4.1. Rising Economies in Asia-Pacific, Latin America, and the Center East & Africa
4.4.2. Elevated New Product Launches of Plant-Primarily based Protein Dietary supplements
4.5.1. Rising Desire for On-line Purchases
5 The Affect of Covid-19 on the Plant-Primarily based Protein Dietary supplements Market
6 International Plant-Primarily based Protein Dietary supplements Market, by Kind
6.2. Soy Protein
6.3. Rice Protein
6.4. Pea Protein
6.5. Spirulina Protein
6.6. Pumpkin Seed Protein
6.7. Hemp Protein
6.8. Wheat Protein
6.9. Different Plant-Primarily based Proteins
7 International Plant-Primarily based Protein Dietary supplements Market, by Kind
7.2. Protein Powders
7.3. Prepared-To-Drink Protein Drinks
7.4. Protein Bars
7.5. Different Kinds
8 International Plant-Primarily based Protein Dietary supplements Market, by Utility
8.2. Sports activities Vitamin
8.3. Extra Vitamin
9 International Plant-Primarily based Protein Dietary supplements Market, by Distribution Channel
9.2. Fashionable Groceries
9.3. Pure and Specialty Retail
9.4. On-line Retail
9.5. Well being Meals Shops
9.6. Pharmacies and Drug Shops
9.7. Comfort Shops
9.8. Different Distribution Channels
10 Plant-Primarily based Protein Dietary supplements Market, by Geography
11 Aggressive Panorama
11.2. Key Progress Methods
11.3. Aggressive Benchmarking
12 Firm Profiles (Enterprise Overview, Monetary Overview, Product Portfolio, and Strategic Developments)
For extra details about this report go to https://www.researchandmarkets.com/r/uw73f3
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