Plant Based Protein Supplement Market Positive Long Term Growth Outlook 2020–2026 | Sequel Natural Ltd., Hormel Foods Corporation, Glanbia plc, Vital Amine, Inc, True Nutrition

Plant Based Protein Supplement Market by Nature (Organic and Conventional), by product type (Soy, Spirulina, Pumpkin Seed, Pea and others), by form (Protein Powder, Protein Bar and Ready-to-drink), by application (Sports Nutrition and Supplement Nutrition) and Distribution Channel (Hypermarket/Supermarket, Specialty Store and online Store): Global Opportunity Analysis and Industry Forecast, 2019-2026." According to the report, the global plant-based protein supplement industry garnered $4.2 billion in 2018, and is expected to generate $7.0 billion by 2026, registering a CAGR of 6.7% from 2019 to 2026.

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Rise in number of vegan populations, increase in obesity rate, and surge in awareness regarding health and fitness amongst people drive the growth of the global plant based protein supplement market. However, presence of cheaper substitutes, side-effects and negative publicity & claims, and impact analysis hinder the market growth to some extent. On the other hand, increase in number of millennial populations and surge in social media marketing create new opportunities in the industry.

Based on nature, the conventional segment contributed to more than four-fifths of the total market share in 2018, and is expected to dominate by the end of 2026. The same segment is also expected to grow at the fastest CAGR of 6.9% throughout the forecast period. The research also analyzes the organic segment.

Based on product type, the soy segment accounted for nearly two-thirds of the total market revenue in 2018, and is projected to retain its top status during the study period. The pumpkin seed segment, on the other hand, would manifest the fastest CAGR of 11.4% during the forecast period, 2019–2026. Spirulina and pea are the two other segments assessed in the market report.

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Based on geography, Europe held the largest share in 2018, generating nearly one-third of the total market. At the same time, the Asia-Pacific region would register the fastest CAGR of 7.8% during the estimated period. The other two regions analyzed in the report include LAMEA and North America.

The key players analyzed in the report include Sequel Natural Ltd., Hormel Foods Corporation, Glanbia plc, Vital Amine, Inc. True Nutrition, MusclePharm Corporation, Archon Vitamin LLC., Nutiva Inc., NOW Health Group, Inc., and General Nutrition Centers, Inc. These players have incorporated a number of exclusive strategies including expansions, mergers & acquisitions, partnerships, joint ventures, collaborations, and others to retain their strong hold in the market.

Key Findings of the Plant Based Protein Supplement Market :
• In 2018, based on nature, the conventional Plant Based Protein Supplements segment accounted for around higher Plant Based Protein Supplement market share, growing at a CAGR of 6.9% from 2019 to 2026.
• In 2018, based on product type, the soy segment accounted for higher share of the Plant Based Protein Supplement market.
• In 2018, based on region, North America accounted for a prominent market share.

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