Plant-Based Protein Supplement market is anticipated to grow at a considerable CAGR of around 8.1 % during the forecast period. 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.
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
- The market number available for – 2022-2030
- Base year- 2022
- Forecast period- 2023-2030
Segment Covered-
- By Type
- By Form
- By Application
- By Distribution Channel
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape– Abbott, AMCO Proteins, Glanbia plc., MusclePharm, NOW Health Group, Inc., The Bountiful Co., True Nutrition, WOODBOLT DISTRIBUTION LLC, and others.
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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
By Distribution Channel
- Hypermarket/Supermarket
- E-Commerce
- Pharmacies
- Others
Plant-Based Protein Supplement Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
Company Profiles
- Abbott
- BENEO GmbH
- GNC Holdings, LLC
- Herbalife Nutrition
- Hormel Foods Corp.
- Kerry Group plc
- NOW Health Group, Inc.
- Nutiva Inc.
- Nuzest Life Pty Ltd
- Orgain, Inc.
- POST HOLDINGS, INC.
- Reliance Private Label Supplements
- Roquette Frères
- Sakara Life, Inc
- The Bountiful Co.
- Tiba Starch & Glucose Manufacturing Co.
- TRANSPARENT LABS
- Vega
- Vital
- WOODBOLT DISTRIBUTION LLC
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