Global Market Study on Plant-based Protein Supplements: Rapidly Increasing Demand from Athletes and Sportspersons to Boost Sales


Plant Based Protein Supplements  Market
  • Published On : Feb-2020 |
  • Pages : 118 Pages |
  • Format : Plant Based Protein Supplements  Market Plant Based Protein Supplements  Market Plant Based Protein Supplements  Market Plant Based Protein Supplements  Market

Plant-based proteins are non-GMO vegetable proteins, and are an ideal source for post-workout nutrition for athletes over other types of proteins, as they can help build muscles when paired with resistance training. Plant-based protein powder is perceived as nutritionally beneficial for human health. One spoon of plant-based protein supplement can provide sufficient nutrition and maintain the energy level of the human body for an entire day. Increasing consumption of plant-based protein supplements as a sports supplement by athletes is being witnessed, as it helps them gain stamina and strength. Manufacturers in the plant-based protein supplements market focus on offering sport supplements and nutraceutical products with plant-based proteins to gain a bigger share in the market.

Manufacturers to Target Lactose-intolerant Vegetarians

The use of plant-based protein supplements provides lactose-intolerant vegetarians an opportunity to lead a healthy life, as these supplements do not aggravate their allergies like dairy-derived proteins do. Thus, plant-based protein supplements are gaining traction amongst lactose-intolerant vegetarians. This opens up new avenues for players to gain market share in the plant-based protein supplements market.

Regional Landscape of Global Plant-based Protein Supplements Market

The increasing population of vegans and vegetarians plays a key role in increasing the demand for plant-based protein supplements across the globe. Sales of plant-based protein supplements are gaining traction in established markets such as North America and Europe. These markets collectively account for more than 65% of the share of the global plant-based protein supplements market. Additionally, these established markets have well-equipped and technologically advanced food ingredient manufacturing industries. Thus, the concentration of manufacturers of plant-based protein supplements is higher in these two regions.

In the global plant-based protein supplements market, manufacturers that are operating at small or medium scale levels hold very low share, and the largest market share is captured by major players in the global plant-based protein supplements market.

The Asia Pacific region is expected to be a promising market for participants in the global plant-based protein supplements market. The increasing popularity of vegan and vegetarian diets and rising demand for natural and plant-based proteins is accelerating the growth of the plant-based protein supplements market in the Asia Pacific. The market in the Asia Pacific region is projected to grow at the highest CAGR over the forecast period of 2019-2027

Analysts’ Viewpoint

Higher growth rate of the market in the Asia Pacific region is positively impacting the growth of the global plant-based protein supplements market, and this trend is expected to continue throughout the forecast period. North America and Europe account for a large share of the global consumption of plant-based protein supplements. High focus on innovation and increasing product launches are providing momentum to the global plant-based protein supplements market. Players that ensure regular product launches of innovative products of plant-based protein supplements are anticipated to experience substantial growth in their revenues. However, the high pricing of plant-based protein supplements and non-familiarity of many consumers of plant-based products are expected to restrict the market from reaching its full potential.

Plant-based Protein Supplements Market: Scope of the Report

The latest market report by Persistence Market Research on the global plant-based protein supplements market evaluates the opportunities and current market scenario, providing insights and updates about the corresponding segments involved in the global plant-based protein supplements market for the forecast period of 2019-2027. The report provides detailed assessment of key market dynamics and comprehensive information about the structure of the global plant-based protein supplements market. This market study contains exclusive insights into how the global plant-based protein supplements market is anticipated to grow during the forecast period.

The primary objective of the global plant-based protein supplements market report is to provide insights regarding opportunities in the market that are supporting the transformation of global businesses associated with plant-based protein supplements. It is very important to consider that, in an ever-wavering economy, we provide estimated (Y-o-Y) year-on-year growth rate in addition to the compound annual growth rate (CAGR) for the overall forecast, enabling readers to better understand the analysis and evaluation of the global plant-based protein supplements market, and to discover lucrative opportunities in the market.

This report on the global plant-based protein supplements market also provides an estimate of the global plant-based protein supplements market size and corresponding revenue forecast carried out in terms of absolute $ opportunity. It offers actionable insights based on future trends in the plant-based protein supplements market. Furthermore, new and emerging players in the global plant-based protein supplements market can use the information presented in the study to make effective business decisions, which will provide momentum to the business as well as the plant-based protein supplements market.

The study is relevant for manufacturers, suppliers, distributors, and investors in the global plant-based protein supplements market. All stakeholders in the global plant-based protein supplements market, as well as investors, industry experts, researchers, journalists and business researchers can leverage the information and data presented in PMR’s report.

Key Segments of Global Plant-based Protein Supplements Market

PMR’s report on the global plant-based protein supplements market offers comprehensive information on the market, which is divided into three segments - type, distribution channel, and region.

Type

Distribution Channel

Region

Soy Protein

Mass Merchandisers

North America

Pea Protein

Pharmacies/Drugstores

Latin America

Wheat Protein

Specialty Stores

Europe

Others

Online Retail

Asia Pacific

Others

Middle East & Africa

Key Questions Answered in PMR’s Global Plant-based Protein Supplements Market

  • Which region will hold the highest market share in the global plant-based protein supplements market during the forecast period?
  • Which region is experiencing the highest growth (CAGR)?
  • Which factors are impacting the global plant-based protein supplements market?
  • What are the global trends impacting the plant-based protein supplements market?
  • What strategies must emerging players adopt to capture opportunities in various regions in the plant-based protein supplements market?
  • What is the market structure of the global plant-based protein supplements market?

Global Plant-based Protein Supplements Market: Research Methodology

PMR is committed to providing unbiased market research solutions to its clients. PMR follows a robust methodology in the deduction of data included in its report. A unique research methodology is utilized to conduct extensive research on the global plant-based protein supplements market and reach conclusions about the future growth factors of the plant-based protein supplements market. The research methodology uses primary research methods as well as secondary research methods, which ensures the accuracy and reliability of the conclusions in this report.

A demand-side approach is followed to estimate the sales of target products, followed by an in-depth supply-side assessment of value generated, key trends, and events over a predefined period. This methodology is based on the use of standard market structures, methods, and definitions that are based on inputs from local sources in over seven regions, i.e. North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East & Africa, which PMR considers for segmenting the global market. Statistics, characteristics, and variances are collected at a regional level, aggregated at the same level, and then synthesized at a global level to create global market measurements. Our main sources of research include:

  • Primary Research
  • Secondary Research
  • Trade Research

Companies covered in Plant Based Protein Supplements Market Report

  • Axiom Foods
  • Glanbia plc
  • NOW Health Group Inc.
  • MusclePharm Corporation
  • Ingredion Inc.
  • Roquette Frères
  • DuPont Nutrition & Biosciences
  • Archer-Daniels Midland Co.
  • Batory Foods

Plant Based Protein Supplements Market

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