The global Plant-Based Protein Supplement market is anticipated to grow at a considerable CAGR of around 8.1 % during the forecast period (2022-2028). Rising awareness about animal welfare and also environmental sustainability pushes customers to shift towards it and adopt a plant-based diet. Customers currently are more health-conscious and perception is also evolving that plant base products are safe and more healthy than animal-oriented products. Furthermore, the increasing vegan population and increasing preference for vegetarian diets is propelling manufacturers to develop innovative sources of plant-based proteins. For instance, according to a report published by the Vegan Society in January 2022, each year a campaign is been launched by it as a Veganuary campaign in that 250,000 in 2019, 400,000 participants in 2020, 582,000 participants in 2021, 629,000 peoples has signed to adopt veganism. As per the data provided by it, veganism is increasing, and it is signed up from 228 countries and territories across the globe.
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] Moreover, in 2021, The UK was the most popular country for veganism followed by Germany and Austria. The report has also stated that, if the glove will be a vegan diet based then it could save 8 million human lives by 2050, and will reduce greenhouse gas emissions from agriculture by two-thirds and also lead to healthcare-related savings and avoided climate damages of $1.5 trillion.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Plant-Based Protein Supplement Market Report by Segment
By Type
- Soy Protein
- Rice Protein
- Pea Protein
- Wheat Protein
- Others
By Form
- Powder
- Ready to Drink(RTD)
By Application
- Sport Nutrition
- Additional Nutrition
Bt Distribution Channel
- Hypermarket/Supermarket
- E-Commerce
- Pharmacies
- Others
Global Plant-Based Protein Supplement Market Report by Region
North America
- US
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Plant-Based Protein Supplement market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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