Market Overview:
The global plant-based protein supplements market is expected to grow at a CAGR of 7.5% during the forecast period 2018-2030. The growth in this market can be attributed to the increasing awareness about the health benefits of plant-based proteins and their growing popularity among consumers. Additionally, factors such as rising vegan population and inclination towards healthy diets are also contributing to the growth of this market. On the basis of type, soy protein accounted for a major share of the global plant-based protein supplements market in 2017. This can be attributed to its high nutritional value and wide availability across regions. However, hemp protein is expected to witness highest growth during the forecast period owing to its numerous health benefits such as improved cardiovascular health, weight management, and anti-inflammatory effects.
Product Definition:
Plant based protein supplements are made from plant-based sources, such as peas, beans, and rice. These supplements are often used to increase the amount of protein in the diet. They can also be a source of fiber and other nutrients.
Soy:
Soy is a plant-based protein that contains all the essential amino acids. It is extracted from soybean and has high nutritional value. Soy has been proven to be an excellent source of protein for vegetarians as it contains all the essential amino acids, making it a complete protein source.
Spirulina:
Spirulina is a blue-green algae and has been used in traditional Chinese medicine for thousands of years. It's nutritional profile makes it an ideal food supplement. The protein content of spirulina is nearly the same as that of meat, eggs or soy with 15 to 20 grams per cup, which makes it suitable for use in vegan products such as milk shakes and other beverages.
The global market size was valued at USD 848 million in 2016.
Application Insights:
Protein powder emerged as the largest application segment and accounted for a revenue share of over 45% in 2017. Growing demand for sports nutrition products to promote lean muscle growth, improve stamina, enhance weight loss and maintain a healthy lifestyle is expected to be the key factor driving product demand.
The protein bars segment is also expected to witness significant growth owing to increasing consumer awareness regarding calorie reduction through food consumption. Protein bars provide quick nutritional relief after meals as well as snacks which aid in digestion of proteins consumed with them. These are available in various flavors such as chocolate, vanilla, coffee cream, strawberry etc., which appeal towards consumers especially athletes and gym professionals looking for convenient meal replacement products or snacks that help maintain their muscles throughout the day along with providing essential amino acids required by humans.
Regional Analysis:
North America dominated the global market in 2017. The growth is attributed to rising consumer awareness regarding health, fitness, and well-being along with a growing preference for on the go products. Furthermore, increasing focus on sports by major companies is expected to open new avenues over the next seven years. For instance; In January 2018; Optimum Nutrition (ON) launched RTD beverages under brand name ‘Optimum Nutrition - Proteins Plus’ that contains 20 gm of protein and 2 gm of BCAAs per serving.
Asia Pacific is anticipated to be one of the fastest growing regional markets during the forecast period owing to high product demand from countries like China and India as a result of changing lifestyle along with increased disposable income especially among youth population in these countries which are now entering into their working age group thereby creating opportunities for industry players over next seven years.
Growth Factors:
- Increasing awareness about the health benefits of plant-based proteins.
- Rising demand for vegan and vegetarian food products.
- Growing popularity of fitness and wellness trends.
- Proliferation of online retail channels.
- Shift in consumer preference towards healthy, sustainable, and ethical food choices
Scope Of The Report
Report Attributes
Report Details
Report Title
Plant Based Protein Supplements Market Research Report
By Type
Soy, Spirulina, Pumpkin Seed, Hemp, Rice, Pea, Others,
By Application
Protein Powder, Protein Bars, Ready- to-Drink (RTD), Others,
By Companies
Glanbia plc, NOW Foods, MusclePharm Corporation, CytoSport, Inc., Quest, NBTY, AMCO Proteins, Abbott Laboratories, IOVATE Health Sciences International, Inc, Transparent Labs
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
237
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Plant Based Protein Supplements Market Report Segments:
The global Plant Based Protein Supplements market is segmented on the basis of:
Types
Soy, Spirulina, Pumpkin Seed, Hemp, Rice, Pea, Others,
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Protein Powder, Protein Bars, Ready- to-Drink (RTD), Others,
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Glanbia plc
- NOW Foods
- MusclePharm Corporation
- CytoSport, Inc.
- Quest
- NBTY
- AMCO Proteins
- Abbott Laboratories
- IOVATE Health Sciences International, Inc
- Transparent Labs
Highlights of The Plant Based Protein Supplements Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Soy
- Spirulina
- Pumpkin Seed
- Hemp
- Rice
- Pea
- Others
- By Application:
- Protein Powder
- Protein Bars
- Ready- to-Drink (RTD)
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Plant Based Protein Supplements Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Plant-based protein supplements are powders, bars, or shakes that contain plant-based proteins. These products can be a good source of essential amino acids and other nutrients for people who follow a vegan or vegetarian diet.
Some of the major players in the plant based protein supplements market are Glanbia plc, NOW Foods, MusclePharm Corporation, CytoSport, Inc., Quest, NBTY, AMCO Proteins, Abbott Laboratories, IOVATE Health Sciences International, Inc, Transparent Labs.
The plant based protein supplements market is expected to register a CAGR of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Plant Based Protein Supplements Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Plant Based Protein Supplements Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Plant Based Protein Supplements Market - Supply Chain
4.5. Global Plant Based Protein Supplements Market Forecast
4.5.1. Plant Based Protein Supplements Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Plant Based Protein Supplements Market Size (000 Units) and Y-o-Y Growth
4.5.3. Plant Based Protein Supplements Market Absolute $ Opportunity
5. Global Plant Based Protein Supplements Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Plant Based Protein Supplements Market Size and Volume Forecast by Type
5.3.1. Soy
5.3.2. Spirulina
5.3.3. Pumpkin Seed
5.3.4. Hemp
5.3.5. Rice
5.3.6. Pea
5.3.7. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Plant Based Protein Supplements Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Plant Based Protein Supplements Market Size and Volume Forecast by Application
6.3.1. Protein Powder
6.3.2. Protein Bars
6.3.3. Ready- to-Drink (RTD)
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Plant Based Protein Supplements Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Plant Based Protein Supplements Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Plant Based Protein Supplements Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Plant Based Protein Supplements Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Plant Based Protein Supplements Demand Share Forecast, 2019-2026
9. North America Plant Based Protein Supplements Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Plant Based Protein Supplements Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Plant Based Protein Supplements Market Size and Volume Forecast by Application
9.4.1. Protein Powder
9.4.2. Protein Bars
9.4.3. Ready- to-Drink (RTD)
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Plant Based Protein Supplements Market Size and Volume Forecast by Type
9.7.1. Soy
9.7.2. Spirulina
9.7.3. Pumpkin Seed
9.7.4. Hemp
9.7.5. Rice
9.7.6. Pea
9.7.7. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Plant Based Protein Supplements Demand Share Forecast, 2019-2026
10. Latin America Plant Based Protein Supplements Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Plant Based Protein Supplements Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Plant Based Protein Supplements Market Size and Volume Forecast by Application
10.4.1. Protein Powder
10.4.2. Protein Bars
10.4.3. Ready- to-Drink (RTD)
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Plant Based Protein Supplements Market Size and Volume Forecast by Type
10.7.1. Soy
10.7.2. Spirulina
10.7.3. Pumpkin Seed
10.7.4. Hemp
10.7.5. Rice
10.7.6. Pea
10.7.7. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Plant Based Protein Supplements Demand Share Forecast, 2019-2026
11. Europe Plant Based Protein Supplements Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Plant Based Protein Supplements Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Plant Based Protein Supplements Market Size and Volume Forecast by Application
11.4.1. Protein Powder
11.4.2. Protein Bars
11.4.3. Ready- to-Drink (RTD)
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Plant Based Protein Supplements Market Size and Volume Forecast by Type
11.7.1. Soy
11.7.2. Spirulina
11.7.3. Pumpkin Seed
11.7.4. Hemp
11.7.5. Rice
11.7.6. Pea
11.7.7. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Plant Based Protein Supplements Demand Share, 2019-2026
12. Asia Pacific Plant Based Protein Supplements Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Plant Based Protein Supplements Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Plant Based Protein Supplements Market Size and Volume Forecast by Application
12.4.1. Protein Powder
12.4.2. Protein Bars
12.4.3. Ready- to-Drink (RTD)
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Plant Based Protein Supplements Market Size and Volume Forecast by Type
12.7.1. Soy
12.7.2. Spirulina
12.7.3. Pumpkin Seed
12.7.4. Hemp
12.7.5. Rice
12.7.6. Pea
12.7.7. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Plant Based Protein Supplements Demand Share, 2019-2026
13. Middle East & Africa Plant Based Protein Supplements Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Plant Based Protein Supplements Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Plant Based Protein Supplements Market Size and Volume Forecast by Application
13.4.1. Protein Powder
13.4.2. Protein Bars
13.4.3. Ready- to-Drink (RTD)
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Plant Based Protein Supplements Market Size and Volume Forecast by Type
13.7.1. Soy
13.7.2. Spirulina
13.7.3. Pumpkin Seed
13.7.4. Hemp
13.7.5. Rice
13.7.6. Pea
13.7.7. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Plant Based Protein Supplements Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Plant Based Protein Supplements Market: Market Share Analysis
14.2. Plant Based Protein Supplements Distributors and Customers
14.3. Plant Based Protein Supplements Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Glanbia plc
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NOW Foods
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. MusclePharm Corporation
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. CytoSport, Inc.
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Quest
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. NBTY
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. AMCO Proteins
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Abbott Laboratories
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. IOVATE Health Sciences International, Inc
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Transparent Labs
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
