Plant Based Protein Supplements Industry Overview The global plant based protein supplements market size is expected to reach USD 10.32 billion by 2028, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 8.6% from 2020 to 2028. Growing demand for personalized nutrition, inclination towards a vegan diet, and rising interest in plant-based nutrition are key factors fueling market growth. The soy protein raw material segment accounted for the largest revenue share in 2020. Pea protein is expected to witness considerable growth over the forecast period. The growth is attributed to increasing customer inclination towards gluten-free ingredients in the supplements, coupled with the presence of necessary amino acids in pea. Plant Based Protein Supplements Market Segmentation Grand View Research has segmented the global plant based protein supplements market on the basis of raw material, product, distribution channel, application, and region: Based on the Raw Material Insights, the market is segmented into Soy, Spirulina, Pumpkin Seed, Hemp, Rice, Pea, Others.
Based on the Product Insights, the market is segmented into Protein Powder, Protein Bars, Ready-to-Drink, Others.
Based on the Distribution Channel Insights, the market is segmented into Supermarkets/Hypermarkets, Online Stores, Chemist/Drugstores, Specialty Stores, Others.
Based on the Application Insights, the market is segmented into Sports Nutrition, Functional Food.
Plant Based Protein Supplements Regional Outlook
Key Companies Profile & Market Share Insights The global market is highly fragmented with the presence of a number of global companies. The companies are working on their branding strategies in order to appeal to the target audience, along with investing in advanced automated continuous production lines to increase production efficiency. Some prominent players in the global plant based protein supplements market include
Order a free sample PDF of the Plant Based Protein Supplements Market Intelligence Study, published by Grand View Research.
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