The COVID-19 disease outbreak in December 2019 spread to nearly 100 countries, prompting the World Health Organization to declare it a public health emergency. Coronavirus is still a major problem for all industries around the world. Because of various health and environmental concerns, the COVID-19 pandemic encouraged most consumers to switch from animal-based proteins to plant-based proteins. Furthermore, plant proteins, unlike red meat, are produced with less reliance on labor, making them less susceptible to staffing scarcity. This encourages the production of plant-based proteins. During this pandemic, the plant-based food sectors will grow faster than before, as more consumers pay attention to their health and well-being, which is intimately connected to rebalancing their diet towards more plant-based food. The current issue is the pandemic, which has forced many consumers to spend more time at home. Their interest in plant-based products as a source of alternative protein has grown in tandem with their concern for healthy foods and well-being. Thus, there is a rising demand of plant protein supplements market.
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The growing preference for plant-based proteins over animal proteins as a rich source of protein and immunity booster, as well as raising venture capital investments, are driving the growth of the plant protein supplements market. Furthermore, a rise in awareness about the benefits of healthier products, as well as an increase in the vegan population, are major factors driving the demand for plant protein supplements. Market participants are focusing on developing new plant-based products to meet customer demand, such as BY Nature, a health and fitness company that offers a wide range of health products to help users improve their overall health. The brand announced a new variety of plant-based protein powder in October 2021 that is 100 percent natural. It is a fusion of the best plant-based protein sources, and it is designed to provide 25g of clean, plant-based protein as well as a complete amino acid profile. However, plant-based protein sources have been linked to allergies, which are likely to impede the market growth.
Plant protein concentrates and isolates are currently being used in the market to replace dairy protein or eggs in traditional products. The production of plant protein concentrate is of great interest in the food industry due to the increasing demand for protein and the growing applications of plant-based protein in foods, mainly in developing nations. Plant protein concentrates contribute to well-balanced nutrition with long-term viability. Corn gluten, wheat gluten, and less abundant protein concentrates such as soy protein concentrate and pea protein concentrate are examples of plant protein concentrates. Herbaceous plants and legumes, such as clover and lucerne, also produce higher protein concentrate yields than perennial grasses.
Asia Pacific region is expected to show the highest growth rate during the forecast years in the global plant protein supplements market. The region's growth is attributed to an increasing population, an increase in the number of fitness centers and sports clubs, and a growing income level of the people. Furthermore, there is a growing awareness of the importance of eating healthy, protein-rich diets which is also contributing for the growth of the market in this region. Consumers' preferences are gradually shifting away from industrial-scale processed foods towards health-promoting foods. Additionally, growing interest in dietary supplements to improve overall health as well as developing markets such as China, India, and Indonesia are expected to drive plant protein supplements market sales growth.
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Our 402+ Pages Report titled, “Plant Protein Supplements Market - Global Insights, Growth, Size, Comparative Analysis, Trends and Forecast, 2021 - 2029”, will include extensive information on the following pointers:
- Global market size and forecast values (2015 – 2029), in terms of revenue (US$ Million) by segments/sub-segments
- Split of the market revenue (US$ Million) into all the relevant segments & sub-segments across all major regions/countries.
- Years Considered (2015 – 2029)
- Historic Years: 2015 - 2019
- Base Year: 2020
- Forecast Years: 2021 – 2029
- Market determinants and Influencing Factors
- Market Dynamics (Drivers, Restraints, Opportunities and Trends)
- Analysis on Impact of Covid-19: Global Plant Protein Supplements Market
- Macro-Economic and Micro-Economic Indicators
- Porter’s Five Forces Analysis
- Competitive Benchmarking: Global Presence and Growth Strategies
- Mergers and Acquisitions
- Product Launches
- Investments Trends
- R&D Initiatives
- Market Share Analysis, 2020
- Detailed profiles of major market participants operating in the market, encompassing information pertaining to company details, company overview, product offerings, key developments, financial analysis, SWOT analysis and business strategies
- Region specific reports including North America, Europe, Asia Pacific, Middle East & Africa and Latin America are also available in our repository.
- The reports can be provided in different languages including French, Korean, Japanese, Arabic, Spanish, German, Russian, Chinese and other languages.
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Absolute Markets Insights has segmented the global plant protein supplements market based on type, application, and region.
Global Plant Protein Supplements Market Sources Outlook (Revenue, USD Million, 2015 - 2029)
- Pea
- Hemp Seeds
- Rice
- Chickpea
- Soy
- Sacha Inch
- Spirulina
- Pumpkin Seed
- Blue-Green Algae
- Others
Global Plant Protein Supplements Market Sales Channel Outlook (Revenue, USD Million, 2015 - 2029)
- Online
- Offline
- Supermarkets/Hypermarkets
- Specialty Stores
- Others
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Global Plant Protein Supplements Market Form Outlook (Revenue, USD Million, 2015 - 2029)
- Chewables
- Tablets
- Capsules
- Powder
- Softgels
- Others
Global Plant Protein Supplements Market Application Outlook (Revenue, USD Million, 2015 - 2029)
- Bone & Joint Support
- Children's Health
- Cognitive Health
- Detox & Liver Support
- Diet & Weight Management
- Digestive Support
- Eye Health
- Heart Health
- Immune Support
- Men's Health
- Nervous System Support
- Skin Health
- Sleep & Mood Support
- Women's Health
- Sports Nutrition
- Others
Global Plant Protein Supplements Market End User Outlook (Revenue, USD Million, 2015 - 2029)
- Infants
- Adolescents
- Adult
- Elderly
Global Plant Protein Supplements Market Regional Outlook (Revenue, USD Million, 2015 - 2029)
- North America (U.S., Canada, Mexico, Rest of North America)
- Europe (France, The UK, Spain, Germany, Italy, Nordic Countries, Benelux Union, Rest of Europe)
- Asia Pacific (China, Japan, India, New Zealand, Australia, South Korea, Southeast Asia, Rest of Asia Pacific)
- Middle East and Africa (Saudi Arabia, UAE, Egypt, Kuwait, South Africa, Rest of Middle East & Africa)
- Latin America (Brazil, Argentina, Rest of Latin America)
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Key Companies in the Global Plant Protein Supplements Market are:
- Danone SA
- General Nutrition Centers (GNC) Holdings, Inc.
- Glanbia plc.
- Health Group, Inc.
- Herbalife Nutrition, Inc.
- Iovate Health Sciences International Inc.
- Kerry Group Plc
- Muscle Pharm Corporation
- NOW Foods
- Nutiva Inc
- Orgain Inc.
- PepsiCo
- Reliance Vitamin Company, Inc.
- The Nature's Bounty Co.
- The Simply Good Food Co
- True Nutrition
- Other Market Participants
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