Plant-Based Protein Supplements Market Forecast 2024-2030: Nourishing the Future

In the realm of nutrition, a profound shift towards plant-based lifestyles is reshaping dietary choices and consumer preferences. The Global Plant-Based Protein Supplements Market, valued at US$ 5.79 Billion in 2022, is anticipated to surge to US$ 8.48 Billion by 2029, boasting a robust CAGR of 5.6% during the forecast period. Let's delve into the dynamics propelling this burgeoning market forward:

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Market Dynamics:

Driving Forces:
Spearheading the market growth is the soaring demand for soy-based supplements, driven by the burgeoning popularity of vegan diets worldwide. As consumers prioritize healthier alternatives, protein isolates are witnessing unprecedented demand owing to their low-fat composition. Moreover, the food and beverages segment is emerging as a key driver, fueled by a growing population and an expanding middle class with increased spending power.

The surge in veganism is a pivotal factor, buoyed by heightened awareness of the health benefits associated with plant-based diets. Millennials, in particular, are gravitating towards these dietary choices for their rich nutritional profile and potential health advantages, including improved kidney function and blood sugar regulation. Furthermore, the rising trend of hygienic eating habits is amplifying market growth, with health-conscious consumers seeking products with low-fat and calorie content.

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Segment Insight:
by Product

Protein Powder
Protein Bars
Ready-to-Drink (RTD)
Others
by Raw Material

Soy
Spirulina
Pumpkin Seed
Hemp
Rice
Pea
Others
by Distribution Channel

Supermarket
Online Stores
DTC
Others
by Form

Protein Isolate
Protein Concentrate
Textured Protein
by Application

Sports Nutrition
Additional Nutrition
Others

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Who are Plant-Based Protein Supplements Market Key Players?

1. Archer Daniels Midland
2. Cargill, Incorporated
3. DuPont | Nutrition & Health
4. Kerry Group
5. The Scoular Company
6. Omega Protein Corporation
7. Roquette Frères
8. Axiom Foods, Inc.
9. Glanbia plc
10.Growing Naturals, LLC.
11.Manitoba Harvest Hemp Foods
12.Amway Corporation
13.AMCO Proteins
14.QuestNutrition
15.MusclePharm Corporation
16.NOW Foods
17.CytoSport, Inc

Table of content for the Plant-Based Protein Supplements Market includes:

Part 01: Executive Summary

Part 02: Scope of the Plant-Based Protein Supplements Market Report

Part 03: Plant-Based Protein Supplements Market Landscape

Part 04: Plant-Based Protein Supplements Market Sizing

Part 05: Plant-Based Protein Supplements Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:
North America is slated to dominate the market, driven by a robust health and wellness culture and shifting consumer preferences towards natural food products. Meanwhile, the Asia Pacific region is poised for exponential growth, propelled by a burgeoning working population and rising disposable incomes in countries like India and China.

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