Plant Based Protein Supplements Market Size, Share, Future Growth, 2032

𝐌𝐚𝐫𝐤𝐞𝐭 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰
The global plant based protein supplements market size was USD 5.96 billion in 2023 and is expected to grow from USD 6.26 billion in 2024 to USD 10.17 billion by 2032 at a CAGR of 6.24% over the 2024-2032 period.
Potential long-term benefits of switching to plant-based diets will play a major role in fueling the adoption of plant proteins, shares Fortune Business Insights™ in its report, titled "Plant-based Protein Supplements Market Size, Share & Industry Analysis, By Type (Soy Protein, Pea Protein & Wheat Protein), Distribution Channel (Mass Merchandisers, Pharmacies/Drugstores, Specialty Stores, Online Retail, and Others), and Regional Forecast, 2024-2032".
A research study conducted by the Oxford Martin School under the University of Oxford in 2016 revealed that if majority of the global population switched to fruit- and-vegetable-based diets by 2050, it could reduce greenhouse gas emissions by 67%. Moreover, the world could save USD 1.5 trillion in climate-related healthcare costs. Empirical evidence supporting vegetarianism will prove instrumental in promoting the adoption of plant-based protein supplements, as protein supplements are usually derived from animal-based products. This gradual shift in preference is also expected to stoke innovation among market companies, who are already developing protein supplements derived from plants.
𝐆𝐞𝐭 𝐀 𝐅𝐫𝐞𝐞 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/plant-based-protein-supplements-market-100082
𝐋𝐢𝐬𝐭 𝐨𝐟 𝐊𝐞𝐲 𝐂𝐨𝐦𝐩𝐚𝐧𝐢𝐞𝐬 𝐏𝐫𝐨𝐟𝐢𝐥𝐞𝐝 𝐢𝐧 𝐭𝐡𝐞 𝐏𝐥𝐚𝐧𝐭-𝐛𝐚𝐬𝐞𝐝 𝐏𝐫𝐨𝐭𝐞𝐢𝐧 𝐒𝐮𝐩𝐩𝐥𝐞𝐦𝐞𝐧𝐭𝐬 𝐌𝐚𝐫𝐤𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭:
• Nuzest Life Pty Ltd. (New South Wales, Australia)
• Blue Diamond Global Ingredients Division (California, U.S.)
• Iovate Health Sciences International Inc. (Ontario, Canada)
• BENEO GmbH (Mannheim, Germany)
• Roquette Frères (Lestrem, France)
• Sakara Life, Inc. (New York, U.S.)
• Amway (Michigan, U.S.)
• Glanbia plc (Kilkenny, Ireland)
• Kerry Group plc (Listowel, Ireland)
• Danone S.A. (Paris France)
𝐀𝐜𝐜𝐨𝐫𝐝𝐢𝐧𝐠 𝐭𝐨 𝐭𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭, 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐦𝐚𝐫𝐤𝐞𝐭 𝐯𝐚𝐥𝐮𝐞 𝐬𝐭𝐨𝐨𝐝 𝐚𝐭 𝐔𝐒𝐃 𝟒.𝟕𝟗 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝟐𝟎𝟏𝟗. 𝐓𝐡𝐞 𝐫𝐞𝐩𝐨𝐫𝐭 𝐚𝐥𝐬𝐨 𝐨𝐟𝐟𝐞𝐫𝐬 𝐭𝐡𝐞 𝐟𝐨𝐥𝐥𝐨𝐰𝐢𝐧𝐠:
• Tangible insights into the major growth drivers of the market;
• Elaborative overview of the industry trends and future outlook;
• Careful assessment of the challenges facing the market; and
• Actionable research into the regional developments and competitive landscape of the market.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.fortunebusinessinsights.com/enquiry/multi-report-purchase/plant-based-protein-supplements-market-100082
𝐌𝐚𝐫𝐤𝐞𝐭 𝐃𝐫𝐢𝐯𝐞𝐫
𝐈𝐧𝐜𝐫𝐞𝐚𝐬𝐢𝐧𝐠 𝐈𝐧𝐜𝐢𝐝𝐞𝐧𝐜𝐞 𝐨𝐟 𝐃𝐢𝐚𝐛𝐞𝐭𝐞𝐬 𝐖𝐨𝐫𝐥𝐝𝐰𝐢𝐝𝐞 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭
The growing prevalence of diabetes globally is a significant factor driving the expansion of the plant-based protein supplements market. According to the International Diabetes Federation (IDF), there were 463 million individuals with diabetes in 2019, a number anticipated to increase to 700 million by 2045. Furthermore, the IDF estimates that approximately 374 million people are at an elevated risk of developing type 2 diabetes. Proteins are essential in managing diabetes, and plant-based proteins have proven particularly effective. For example, peanuts contain arginine, an amino acid that boosts insulin production and helps stabilize blood sugar levels. Additionally, a study published in the journal 'Metabolism' revealed that consuming one ounce of almonds before a high-fat meal reduced post-meal blood sugar levels by 30% in diabetics. These benefits of proteins from natural sources are expected to propel the growth of the plant-based protein supplements market.
𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬
𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚 𝐭𝐨 𝐄𝐦𝐞𝐫𝐠𝐞 𝐚𝐬 𝐭𝐡𝐞 𝐋𝐚𝐫𝐠𝐞𝐬𝐭 𝐑𝐞𝐠𝐢𝐨𝐧𝐚𝐥 𝐌𝐚𝐫𝐤𝐞𝐭; 𝐀𝐬𝐢𝐚 𝐏𝐚𝐜𝐢𝐟𝐢𝐜 𝐭𝐨 𝐑𝐞𝐠𝐢𝐬𝐭𝐞𝐫 𝐏𝐡𝐞𝐧𝐨𝐦𝐞𝐧𝐚𝐥 𝐆𝐫𝐨𝐰𝐭𝐡
North America, whose market size in 2019 stood at USD 2.29 billion, is expected to dominate the plant-based protein supplements market share during the forecast period. This is mainly attributable to the high awareness among consumers about the extensive environmental and health benefits of adopting a vegetarian diet regime. Similar trends will be observed in Europe, where countries such as the UK and France are swiftly pursuing vegan lifestyles.
Asia Pacific, on the other hand, is anticipated to showcase an excellent growth trajectory on account of increasing prevalence of lifestyle-related disorders, mainly diabetes and cardiovascular diseases. Besides this, rapid urbanization is making people more health-conscious and pushing them towards adopting diets comprising of fruits and vegetables and even vegan proteins.
𝐀𝐬𝐤 𝐅𝐨𝐫 𝐓𝐡𝐞 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧: https://www.fortunebusinessinsights.com/enquiry/ask-for-customization/plant-based-protein-supplements-market-100082
𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐋𝐚𝐧𝐝𝐬𝐜𝐚𝐩𝐞
𝐊𝐞𝐲 𝐏𝐥𝐚𝐲𝐞𝐫𝐬 𝐭𝐨 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐁𝐮𝐢𝐥𝐝𝐢𝐧𝐠 𝐚 𝐃𝐢𝐯𝐞𝐫𝐬𝐢𝐟𝐢𝐞𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐑𝐚𝐧𝐠𝐞
Leading companies in this market are focusing on portfolio diversification as their primary strategy. They are bolstering this approach with strategic investments in niche sectors, allowing them to expand their market presence, strengthen their regional positions, and boost their brand value globally.
𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭𝐬:
𝐉𝐮𝐥𝐲 𝟐𝟎𝟐𝟑 -Pulsin, an emerging vegan product manufacturing company from the UK, expanded its vegan protein powder product portfolio by launching new products. The new collections are available in four flavors: Berry, Chocolate, Chocolate Hazelnut, and Vanilla. These products are developed from pea, faba, and pumpkin seed proteins.

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This release was published on openPR.