Plant Based Protein Supplements Market Drives High Demand with Top Key Players | Glanbia plc, AMCO Proteins, Quest Nutrition, NOW Foods and More

The Plant Based Protein Supplements Market Report, recently published by The Research Insights, forecasts substantial growth, with the global market expected to reach $1,876.0 million at a CAGR of 8.8% during the Forecast period to 2031.

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"The increasing demand for products aimed at weight loss is expected to drive sales."

Consumers are increasingly favoring nutritious foods to reduce the risk of obesity and other lifestyle-related ailments. This shift is driving growth in the health and wellness industry as more people opt for plant-based protein diets and join health clubs. The rising awareness about obesity and the benefits of plant-based proteins for weight loss are contributing factors. Plant-based protein supplements offer a complete profile of essential amino acids per serving and are well-tolerated, making them suitable for various dietary preferences and restrictions. They support muscle tissue development and repair, preserve bone mass, and boost metabolism. Sales of plant-based protein supplements are expected to rise in response to consumers' increasing efforts to shed weight.

"The increasing popularity of organic foods and plant protein blends is creating lucrative business opportunities. Over the upcoming years, there is anticipated significant growth in consumer favoritism towards organic food products. Protein suppliers and manufacturers are adapting their product lines to align with this demand. With the appeal of natural and plant-based products and the potential for high-profit margins, more companies are entering the organic protein sector."

Top Key Competitors of Plant Based Protein Supplements Market:

Glanbia plc,
AMCO Proteins,
Quest Nutrition,
NOW Foods,
The Bountiful Company,
MusclePharm Corporation,
Abbott Laboratories,
IOVATE Health Sciences International, Inc,
Transparent Labs,
WOODBOLT DISTRIBUTION LLC and Others.

Plant-based Protein Supplements Market Dynamics:

By Product Type:

Soy Protein
Wheat Protein
Pea Protein
Others

By Application:

Hypermarkets/Supermarkets
Specialty Stores
Pharmacy & Drug Stores
Online Retail

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The vegan protein powder market size in Europe is expected to experience an 8% compound annual growth rate (CAGR) through 2031, attributed to increasing disposable incomes in the region. Elevated consumer spending capacities, coupled with evolving attitudes toward health practices, are driving the demand for protein-rich diets. Additionally, the rapidly growing vegan population is contributing to the adoption of vegan protein products. According to GreenQueen.com, the vegan population in Europe is estimated to be around 2.6 million. The growing consumption of healthy foods and beverages will continue to bolster revenue in the regional market.

Regions Covered in the Plant-based Protein Supplements Market:

• North America
• Europe
• Asia-Pacific
• South America
• Middle East, Africa and rest of the world

Table of Contents:

Section 1 Intelligence Surveillance and Reconnaissance Product Definition
Section 2 Plant-based Protein Supplements Market Manufacturer Share and Market Overview
Section 3 Manufacturer Intelligence Surveillance and Reconnaissance Business Introduction
Section 4 Plant-based Protein Supplements Market Segmentation (Region Level)
Section 5 Plant-based Protein Supplements Market Segmentation (Product Type Level)
Section 6 Plant-based Protein Supplements Market Segmentation (Industry Level)
Section 7 Plant-based Protein Supplements Market Segmentation (Channel Level)
Section 8 Plant-based Protein Supplements Market Forecast 2024-2031
Section 9 Intelligence Surveillance and Reconnaissance Segmentation Product Type
Section 10 Intelligence Surveillance and Reconnaissance Segmentation Industry
Section 11 Intelligence Surveillance and Reconnaissance Cost of Production Analysis

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Key Report Highlights:

The report provides a comprehensive overview of market size, growth drivers, and trends, This information can help businesses to make informed decisions about their strategies.
The report provides a competitive analysis of the XYZ, which can help businesses to identify their strengths & weaknesses to the competitors.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global XYZ outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

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This release was published on openPR.