MARKET INTRODUCTION
Plant is one of the main protein constituent sources whereas the others include animal-based protein and synthetic protein. The consumers are these days more inclined to intake the plant-based protein over animal-based protein as many consumers choose green natural ingredients over cholesterol-rich animal-based protein, which could cause health problems. Plant protein is widely used as a nutritional supplement in proetin shakes, bars etc. Using wheat, soy, and other vegetables helps produce protein supplements that are based on plants. Some supplements give animals strength. Ingredients of plant protein are used commercially in food and beverage products, sports nutrition products, and pharmaceutical applications.
MARKET DYNAMICS
The plant based protein supplement market has witnessed a significant growth owing to factors such as rising number of vegan population which in turn is demanding more of vegan products. Additionally the rising concern of the consumers towards the health factors such as weight loss is further driving the demand of the based protein supplement market at a global level. However, the shift in the raw material cost and strict government regulation related to protein extracted especially for the GMO crops may hamper the growth of the plant based protein supplement market. There is a great outlook in the near future for this plant based protein supplement in application of food and beverages industry and thus dietary supplements may boost the market in the coming years.
MARKET SCOPE
The "Global Plant Based Protein Supplement Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the global plant based protein supplement market with detailed market segmentation by type and distribution channel and geography. The global plant based protein supplement market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading plant based protein supplement market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global plant based protein supplement market is segmented on the material, form, application and distribution channel. On the basis of material the plant based protein supplement market is segmented as soy, spirulina, pumpkin seed, pea, and others. On the basis of form the plant based protein supplement market is segmented as protein powder, protein bar and ready-to-drink. On the basis of application the plant based protein supplement market is segmented as sports nutrition, supplement nutrition. On the basis of distribution channel the plant based protein supplement market is segmented as Hypermarket/Supermarket, Specialty Store and online Store.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global plant based protein supplement market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The global plant based protein supplement market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the global plant based protein supplement market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the plant based protein supplement market in these regions.
MARKET PLAYERS
The reports cover key developments in the global plant based protein supplement market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from global plant based protein supplement are anticipated to lucrative growth opportunities in the future with the rising demand for plant based protein supplement in the global market. Below mentioned is the list of few companies engaged in the global plant based protein supplement.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the global plant based protein supplement market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Abbott
- AMCO Proteins
- CytoSport, Inc.
- Glanbia plc
- Iovate Health Sciences International Inc
- Kerry Group plc
- MusclePharm
- NOW Foods
- QuestNutrition
- The Nature's Bounty Co
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.