Plant Based Protein Supplements Market Worth $7.70 Billion by 2025

Grand View Research, Inc.

SAN FRANCISCO, July 22, 2019 /PRNewswire/ -- 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. 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.

Key suggestions from the report:

• Among raw materials, soy is anticipated to reach market size of USD 5.11 billion by 2025, at a CAGR of 8.0% from 2017 to 2025
• Protein powder product segment is expected to reach a market size of 5.33 billion by 2025, owing to rising health consciousness and demand from athletes and bodybuilders
• North America is projected to exhibit a CAGR of 7.6% over the forecast years, mainly on account of increasing demand for sports nutritional supplements from Canada and U.S. In addition, presence of major players and easy availability of raw materials can further fuel the growth
• Countries in Asia Pacific, especially India, Indonesia, and China, are expected to witness significant growth over the forecast years, mainly driven by changing consume lifestyles resulting in the increased need for health supplements
• The plant-based protein supplements market is characterized by accreditation of raw materials, product, distribution channel, application, and regional decisions to improve the market share of manufacturers
• 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.

Read 80 page research report with TOC on "Plant Based Protein Supplements Market Size, Share & Trends Analysis Report By Product (Protein Powder, Protein Bar), By Raw Material, By Distribution Channel, By Application, And Segment Forecasts, 2019 - 2025" at: https://www.grandviewresearch.com/industry-analysis/plant-based-protei ...