Product Code: GVR-2-68038-764-3
Plant Based Protein Supplements Market Growth & Trends:
The global plant based protein supplements market size is expected to reach USD 4.62 billion by 2030, registering a CAGR of 8.8% over the forecast period, according to a new report by Grand View Research, Inc. The market is expected to grow significantly over the forecast period on account of the increasing popularity of adopting veganism and consumers' perception regarding plant-based supplemental products being safer than animal-based products
The increase in consumer awareness of the advantages of plant-based foods for humans as well as the environment, their higher levels of amino acids, and lower levels of sodium are key factors contributing to the market growth. Customers' preferences for consuming plant-based protein supplements are impacted by things like limiting meat consumption due to food allergies, moral considerations, food safety, and the adoption of the vegan culture to stop animal cruelty.
Soy protein in raw material segment dominated the market in 2021 owing to its properties such as cost effectiveness as well as higher nutritional value as compared to other sources. Over the forecast period, pea protein is anticipated to grow significantly. The growth is attributed to rising customer preference for gluten-free, allergen-free, and lactose-free ingredients in supplements as well as the availability of essential amino acids in peas. Owing to the growing demand for convenient protein supplements, the consumption of plant based protein in RTD form is expected to grow with a CAGR of 9.6% during the forecast period.
Sports nutrition in the application segment dominated the market in 2021 as a result of the rising demand for plant based protein supplements to increase performance and stamina, as well as to aid in weight management and the development of lean muscle. Additionally, an increase in the number of gym and fitness enthusiasts in many countries around the globe is anticipated to drive market demand during the forecast period.
Asia Pacific is expected to witness the fastest compound annual growth rate from 2022 to 2030. The primary drivers of the regional market growth are rising healthcare spending, growing consumer awareness of the advantages of dietary supplements, efforts by producers to provide personalized nutrition, rising prevalence of fitness and sports activities, a growing number of fitness centers & gyms in the region, and an increase in the number of households with high disposable income.
Plant Based Protein Supplements Market Report Highlights:
- Soy dominated the market in terms of raw materials in 2021. This was due to the material's low cost for manufacturers of protein supplements and high consumer awareness of the fact that soy contains all nine essential amino acids
- Protein powder dominated the market in 2021 in product segment. High adoption due to ease in handling and shipping, cost-effectiveness, and ability to maintain ingredient stability through formulation are some of factors boosting the segment's expansion
- The online stores dominated the market in 2021 owing to the easy access to a diverse range of brands, rising internet penetration in developing countries, and the ease of shopping online
- Asia Pacific is expected to register the fastest CAGR of 9.6% from 2022-2030 owing to increasing spending capacity among consumers, rising sports and fitness activities in the region, and growing awareness regarding consumption of a healthy diet among consumers
- Major companies in the market are like MusclePharm Corporation and Glanbia plc are investing in the research & development for making innovative products to attract health-conscious consumers
Table of Contents
Chapter 1 Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2 Executive Summary
- 2.1. Market Outlook
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3 Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent Market Outlook
- 3.1.2. Related Market Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Industry Value Chain Analysis
- 3.3.1. Major Raw Material Trends Analysis
- 3.3.2. Manufacturing Trends
- 3.3.3. Sales Channel Analysis
- 3.4. Regulatory Framework
- 3.5. Technology Framework
- 3.6. Plant Based Protein Supplements Market - Market Dynamics
- 3.6.1. Market Driver Analysis
- 3.6.2. Market Restraint Analysis
- 3.6.3. Industry Challenges
- 3.7. Business Environmental Tools Analysis: Plant Based Protein Supplements Market
- 3.7.1. Porter's Five Forces Analysis
- 3.7.1.1. Bargaining Power of Suppliers
- 3.7.1.2. Bargaining Power of Buyers
- 3.7.1.3. Threat of Substitution
- 3.7.1.4. Threat of New Entrants
- 3.7.1.5. Competitive Rivalry
- 3.7.2. PESTLE Analysis
- 3.7.2.1. Political Landscape
- 3.7.2.2. Economic Landscape
- 3.7.2.3. Social Landscape
- 3.7.2.4. Technology Landscape
- 3.7.2.5. Environmental Landscape
- 3.7.2.6. Legal Landscape
- 3.8. Major Strategic Deals & Alliances
- 3.9. Market Entry Strategies
Chapter 4 Plant Based Protein Supplements Market: Raw Material Estimates & Trend Analysis
- 4.1. Plant Based Protein Supplements Market: Raw Material Movement Analysis, 2021 & 2030
- 4.2. Soy
- 4.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.3. Spirulina
- 4.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.4. Pumpkin seed
- 4.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.5. Hemp
- 4.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.6. Rice
- 4.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.7. Pea
- 4.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.8. Wheat
- 4.8.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 4.9 Others
- 4.9.1 Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 5 Plant Based Protein Supplements Market: Product Estimates & Trend Analysis
- 5.1. Plant Based Protein Supplements Market: Product Movement Analysis, 2021 & 2030
- 5.2. Protein Powder
- 5.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.3. Protein Bars
- 5.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.4. Ready-to-Drink
- 5.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 5.5. Others
- 5.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 6 Plant Based Protein Supplements Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Plant Based Protein Supplements Market: Distribution Channel Movement Analysis, 2021 & 2030
- 6.2. Supermarkets/ Hypermarkets
- 6.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.3. Online Stores
- 6.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.4. DTC
- 6.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 6.5. Others
- 6.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 7 Plant Based Protein Supplements Market: Application Estimates & Trend Analysis
- 7.1. Plant Based Protein Supplements Market: Application Movement Analysis, 2021 & 2030
- 7.2. Sports Nutrition
- 7.2.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 7.3. Functional Foods
- 7.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
Chapter 8 Plant Based Protein Supplements Market: Regional Estimates & Trend Analysis
- 8.1. Regional Movement Analysis & Market Share, 2021 & 2030
- 8.2. Plant Based Protein Supplements market: Regional movement analysis, 2021 & 2030
- 8.3. North America
- 8.3.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.3.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.3.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.3.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.3.6. U.S.
- 8.3.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.3.6.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.3.6.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.3.6.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.6.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.3.7. Canada
- 8.3.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.3.7.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.3.7.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.3.7.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.7.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.3.8. Mexico
- 8.3.8.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.3.8.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.3.8.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.3.8.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.3.8.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.4. Europe
- 8.4.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.4.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.4.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.4.6. Germany
- 8.4.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4.6.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.4.6.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.4.6.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.6.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.4.7. U.K.
- 8.4.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4.7.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.4.7.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.4.7.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.7.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.4.8. France
- 8.4.8.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4.8.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.4.8.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.4.8.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.8.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.4.9. Italy
- 8.4.9.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4.9.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.4.9.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.4.9.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.9.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.4.10. Spain
- 8.4.10.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.4.10.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.4.10.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.4.10.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.4.10.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.5. Asia Pacific
- 8.5.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.5.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.5.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.5.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.5.6. China
- 8.5.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5.6.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.5.6.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.5.6.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.5.6.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.5.7. India
- 8.5.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5.7.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.5.7.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.5.7.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.5.7.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.5.8. Japan
- 8.5.8.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5.8.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.5.8.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.5.8.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.5.8.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.5.9. Australia
- 8.5.9.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.5.9.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.5.9.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.5.9.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.5.9.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.6. Central & South America
- 8.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.6.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.6.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.6.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.6.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.6.6. Brazil
- 8.6.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.6.6.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.6.6.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.6.6.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.6.6.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.6.7.Argentina
- 8.6.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.6.7.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.6.7.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.6.7.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.6.7.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.7. Middle East & Africa
- 8.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.7.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.7.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.7.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.7.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.7.6. UAE
- 8.7.6.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.7.6.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.7.6.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.7.6.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.7.6.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
- 8.7.7. Saudi Arabia
- 8.7.7.1. Market estimates and forecasts, 2017 - 2030 (USD Million)
- 8.7.7.2. Market estimates and forecasts, by raw material, 2017 - 2030 (USD Million)
- 8.7.7.3. Market estimates and forecasts, by product, 2017 - 2030 (USD Million)
- 8.7.7.4. Market estimates and forecasts, by distribution channel, 2017 - 2030 (USD Million)
- 8.7.7.5. Market estimates and forecasts, by application, 2017 - 2030 (USD Million)
Chapter 9 Competitive Landscape
- 9.1. Key Global Players, Their Initiatives, & Its Impact on the Market
- 9.2. Key Company Categorization
- 9.3. Vendor Landscape
- 9.3.1. List of Key Distributors & Channel Partners
- 9.3.2. Key Customers
- 9.3.3. Ranking Analysis of Key Companies
- 9.4. Public Companies
- 9.4.1. Market Position Analysis of Companies
- 9.4.2. Competitive Dashboard Analysis
- 9.5. Private Companies
- 9.5.1. List of Key Emerging Companies/ Technology Disruptors
- 9.5.2. Market Position Analysis of Companies
Chapter 10 Company Profiles
- 10.1. Glanbia plc
- 10.1.1. Company overview
- 10.1.2. Financial performance
- 10.1.3. Product benchmarking
- 10.1.4. Strategic initiatives
- 10.2. AMCO Proteins
- 10.2.1. Company overview
- 10.2.2. Financial performance
- 10.2.3. Product benchmarking
- 10.2.4. Strategic initiatives
- 10.3. Quest Nutrition
- 10.3.1. Company overview
- 10.3.2. Financial performance
- 10.3.3. Product benchmarking
- 10.3.4. Strategic initiatives
- 10.4. NOW Foods
- 10.4.1. Company overview
- 10.4.2. Financial performance
- 10.4.3. Product benchmarking
- 10.4.4. Strategic initiatives
- 10.5. The Bountiful Company
- 10.5.1. Company overview
- 10.5.2. Financial performance
- 10.5.3. Product benchmarking
- 10.5.4. Strategic initiatives
- 10.6. MusclePharm Corporation
- 10.6.1. Company overview
- 10.6.2. Financial performance
- 10.6.3. Product benchmarking
- 10.6.4. Strategic initiatives
- 10.7. Abbott Laboratories
- 10.7.1. Company overview
- 10.7.2. Financial performance
- 10.7.3. Product benchmarking
- 10.7.4. Strategic initiatives
- 10.8. IOVATE Health Sciences International, Inc.
- 10.8.1. Company overview
- 10.8.2. Financial performance
- 10.8.3. Product benchmarking
- 10.8.4. Strategic initiatives
- 10.9. Transparent Labs
- 10.9.1. Company overview
- 10.9.2. Financial performance
- 10.9.3. Product benchmarking
- 10.9.4. Strategic initiatives
- 10.10. WOODBOLT DISTRIBUTION LLC
- 10.10.1. Company overview
- 10.10.2. Financial performance
- 10.10.3. Product benchmarking
- 10.10.4. Strategic initiatives