Plant Based Protein Supplements Market Worth $7.70 Billion by 2025

Grand View Research, Inc. - Seite 2

The plant-based protein supplements market is projected to exhibit a high growth on account of rising global demand for vegan products. Herein, the rapid growth of e-commerce is augmenting the consumption of protein supplements. Walmart is considered to be the largest retailer and requesting its suppliers to offer more plant based items. Moreover, rising concern for food safety in food and beverages sector is propelling the consumption for high-quality food service board and liquid packaging board.

Demand for plant based protein supplement is likely to witness a high growth on account of rising popularity of Ready-to-Drink (RTD) product among millennials. These pre-formulated protein drinks are easily available and can be consumed without any further mixing or preparation. This factor is anticipated to bode well for the product demand in near future.

Asia Pacific is projected to remain one of the lucrative markets for plant-based protein supplements over the next eight years. The growth of working-class population in developing countries including China and India coupled with increased state government spending for promoting infrastructure development and easy taxation scenario for MNCs to open up offices, is expected to promote the demand. In addition, predominant utilization of internet by the working-class population during office hours and off-job time is expected to boost the consumer awareness regarding plant-based supplements as meal replacements in near future.

Grand View Research has segmented the global plant based protein supplement market on the basis of raw material, product, distribution channel, application, and region:

• Plant based Protein Supplement Raw Material Outlook (Revenue, USD Million, 2014 - 2025)
• Soy
• Spirulina
• Pumpkin Seed
• Hemp
• Rice
• Pea
• Others
• Plant based Protein Supplement Product Outlook (Revenue, USD Million, 2014 - 2025)
• Protein Powder
• Protein Bars
• Ready-to-Drink (RTD)
• Others
• Plant based Protein Supplement Distribution Channel Outlook (Revenue, USD Million, 2014 - 2025)
• Supermarket
• Online Stores
• DTC
• Others
• Plant based Protein Supplement Application Outlook (Revenue, USD Million, 2014 - 2025)
• Sports Nutrition
• Additional Nutrition
• Plant based Protein Supplement Regional Outlook (Revenue, USD Million, 2014 - 2025)
• North America
• U.S.
• Europe
• U.K.
• Germany
• Asia Pacific
• China
• India
• Central & South America
• Brazil
• Middle East & Africa

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