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Plant Based Protein Supplements Market Rise by 2025

Rising concerns regarding the consumption of animal protein supplements, has encourages the manufacturers to develop human nutrition products derived from soy, spirulina, pumpkin seed, hemp, pea, and rice among other plants-based sources.

The Global Plant Based Protein Supplement Market size is expected to reach USD 7.70 billion by 2025, according to a new report by Grand View Research, Inc. It is anticipated to expand at a CAGR of 7.9% during the forecast period.


The plant-based protein supplements market is projected to exhibit a high growth on account of rising global demand for vegan products. Herein, the rapid growth of e-commerce is augmenting the consumption of protein supplements. Walmart is considered to be the largest retailer and requesting its suppliers to offer more plant based items. Moreover, rising concern for food safety in food and beverages sector is propelling the consumption for high-quality food service board and liquid packaging board.

Demand for plant based protein supplement is likely to witness a high growth on account of rising popularity of Ready-to-Drink (RTD) product among millennials. These pre-formulated protein drinks are easily available and can be consumed without any further mixing or preparation. This factor is anticipated to bode well for the product demand in near future. Asia Pacific is projected to remain one of the lucrative markets for plant-based protein supplements over the next eight years.

The growth of working-class population in developing countries including China and India coupled with increased state government spending for promoting infrastructure development and easy taxation scenario for MNCs to open up offices, is expected to promote the demand. In addition, predominant utilization of internet by the working-class population during office hours and off-job time is expected to boost the consumer awareness regarding plant-based supplements as meal replacements in near future.

To Know More About Plant Based Protein Supplements Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/plant-based-protein-supplements-market 

Top Players of Plant Based Protein Supplements Market:

Some of the prominent companies present in the market are Glanbia plc; AMCO Proteins; Quest Nutrition; NOW Foods; NBTY, Inc.; MusclePharm Corporation; Abbott Laboratories; CytoSport, Inc.; IOVATE Health Sciences International; and Transparent Labs.

Market Segmentation of Plant Based Protein Supplements Market:

The Global Plant Based Protein Supplement Market segmented on the basis of Raw Material, Product, Distribution Channel, Application, and Region.

By Raw Material:

Soy
Spirulina
Pumpkin Seed
Hemp
Rice
Pea

By Product:

Protein Powder
Protein Bars
Ready-to-Drink (RTD)

By Channel:

Supermarket
Online Stores
DTC

By Application:

Sports Nutrition
Additional Nutrition

Inquire about Plant Based Protein Supplements Market with Our Experts @ https://www.grandviewresearch.com/inquiry/5703/ibb 
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