Vegan Protein Supplements Market : US Poised to Achieve Continuing Growth| grow at a CAGR of 5.6%

The vegan protein supplements market has been growing rapidly in recent years, driven by the increasing popularity of veganism and plant-based diets, as well as the growing awareness of the health benefits of plant-based proteins.

Vegan protein supplements are typically made from plant-based sources such as pea, rice, soy, hemp, and quinoa, and are available in various forms including powders, bars, and ready-to-drink beverages.

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Global vegan protein supplements market size was valued at USD 4.3 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 9.5% from 2021 to 2028. Factors driving the growth of the market include the increasing number of vegan and vegetarian consumers, the rising demand for clean label and organic products, and the growing availability and variety of vegan protein supplements.

North America is the largest market for vegan protein supplements, with the United States being the major contributor to the region's growth. The Asia Pacific region is also expected to witness significant growth in the coming years, driven by the increasing adoption of plant-based diets and the growing awareness of the health benefits of vegan protein supplements.

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Companies Covered in This Report -

Axiom foods
Glanbia plc
NOW Health Group Inc.
MusclePharm Corporation
Ingredion Inc.
Roquette Frères
DuPont
Archer-Daniels-Midland Co.
Batory Foods
The Scoular Company
Others

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Plant-based Protein Supplements Industry Research by Category

Plant-based Protein Supplements Market by Product Type: Soy Protein, Wheat Protein, Pea Protein, Others

Plant-based Protein Supplements Market by Application: Hypermarkets/Supermarkets, Specialty Stores, Pharmacy & Drug Stores, Online Retail

Plant-based Protein Supplements Market by Region : North America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East & Africa

In terms of distribution channels, the plant-based protein supplements market is dominated by online retailers, as consumers increasingly turn to e-commerce for their dietary supplements. However, brick-and-mortar stores such as health food stores and supermarkets also play an important role in the distribution of plant-based protein supplements.

In conclusion, the plant-based protein supplements market is poised for significant growth in the coming years, driven by increasing health consciousness, growing demand for vegan and vegetarian diets, and the convenience offered by these supplements. With a variety of products and distribution channels available, consumers have more options than ever before to meet their protein needs while supporting a healthier and more sustainable lifestyle.

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This release was published on openPR.