Pune, India, February 14, 2022 (GLOBE NEWSWIRE) — According to MarketStudyReport, worldwide herbal protein supplements market was worth USD 5.35 billion in 2020 and is expected to reach USD 9.5 billion by the end of the forecast period 2021-2027, registering a CAGR of 8.6% through 2027. The increase in demand for Healthy plant-based products is mainly driving the growth of the market.
To help readers achieve a truly global perspective, the geographic analysis section clearly defines the size and scope of each regional market at country level. Moreover, the document incorporates in-depth studies on other submarkets. Going deeper, it sheds light on key players in terms of product portfolio, financial data and strategies to help stakeholders develop winning strategies for the years to come.
Notably, plant-based protein supplements are pure vegan products derived from nutrient-rich plant sources like brown rice, soy, and peas. People are increasingly inclined towards these herbal products due to concerns about cruelty to animals. Additionally, the increasing accessibility of vegan food products through major brands like Subway, Denny’s, and Baskin-Robbins is positively impacting consumer perception of vegan supplements.
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Experts cite that the growing trend to reduce meat consumption, the growing prevalence of food allergies, as well as government laws aimed at combating animal cruelty and promoting environmentally friendly products are improving the outlook for the world. ‘industry.
On the contrary, price volatility due to the lack of a proper supply chain and product management will likely hamper progress in the years to come.
Summary of geographic scope
The North American herbal protein supplement industry currently captures the majority of the overall share and is likely to record strong gains throughout 2021-2027. This can be attributed to the rapid increase in the health-conscious population and subsequent increase in the adoption of nutrient-dense products.
Meanwhile, the Asia-Pacific market is expected to register exponential growth over the analysis period, owing to factors such as increasing emphasis on ending animal cruelty, ethical values and religions relating to the consumption of meat and the presence of a large vegan clientele.
Overview of the competitive landscape
Abbott Laboratories, MusclePharm Corp., The Bountiful Company, NOW Foods, Quest Nutrition LLC, AMCO Proteins and Glanbia plc are among the major competitors in the global business of herbal protein supplements. These players actively engage in R&D investments and product innovations to attract consumers and improve their market position.
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Global Plant-Based Protein Supplements Market, By Raw Material (Revenue, Billion USD, 2019 – 2027)
- pumpkin seed
Global Plant-Based Protein Supplements Market, by Product Type (Revenue, Billion USD, 2018 – 2027)
- Protein bars
- protein powder
- ready to drink
Global Plant-Based Protein Supplements Market, By Distribution Channel (Revenue, Billion USD, 2019 – 2027)
- Online stores
- Specialty stores
Global Plant-Based Protein Supplements Market, by Application (Revenue, Billion USD, 2019 – 2027)
- Functional food
- sports nutrition
Global Plant-Based Protein Supplements Market, by Geography (Revenue, USD Billion, 2019 – 2027)
- The rest of Europe
- South Korea
- Rest of America
Rest of the world
Company Profiles of the Global Plant-Based Protein Supplements Market (Revenue, Billion USD, 2019-2027)
- Woodbolt Distribution LLC
- Transparent Laboratories
- Iovate Health Sciences International Inc.
- Abbott Laboratories
- MusclePharm Corp.
- The Abundant Company
- NOW Food
- Quest Nutrition LLC
- AMCO proteins
- Glanbia plc
Chapter 1. Executive Summary
1.1. Market overview
1.2. Global and Segmental Market Estimates and Forecasts, 2019-2027 (USD Billion)
1.2.1. Global plant protein supplements market, by region, 2019-2027 (USD billion)
1.2.2. Global Plant Protein Supplements Market, by Raw Material, 2019-2027 (USD Billion)
1.2.3. Global plant protein supplements market, by product, 2019-2027 (USD billion)
1.2.4. Global plant protein supplements market, by distribution channel, 2019-2027 (USD billion)
1.2.5. Global Plant Protein Supplements Market, by Application, 2019-2027 (USD Billion)
1.3. Key trends
1.4. Estimation methodology
1.5. Research hypothesis
Chapter 2. Definition and Scope of the Global Herbal Protein Supplements Market
2.1. Goal of the study
2.2. Market definition and scope
2.2.1. Scope of the study
2.2.2. Industry evolution
2.3. Years Considered for Study
2.4. Currency conversion rate
Chapter 3. Global Herbal Protein Supplements Market Dynamics
3.1. Plant Protein Supplements Market Impact Analysis (2019-2027)
3.1.1. Market factors
18.104.22.168. Growing demand for nutrient rich and healthy herbal products
22.214.171.124. Minimizing meat consumption associated with increased food allergies
3.1.2. Market challenges
126.96.36.199. Fluctuating prices due to a lack of supply and production management
3.1.3. Market opportunities
188.8.131.52. Increase in strict government laws on cruelty to animals and environmentally friendly products
Chapter 4. Global Plant Protein Supplements Market Analysis
4.1. Porter’s 5-force model
4.2. PEST analysis
4.3. Investment Adoption Model
4.4. Analyst recommendation and conclusion
4.5. Best investment opportunity
4.6. The best winning strategies
Chapter 5. Risk assessment: impact of COVID-19
5.1.1. Assessment of the overall impact of COVID-19 on the industry
5.1.2. Pre-COVID-19 and post-COVID-19 market scenario
Chapter 6. Global Plant Protein Supplements Market, By Raw Material
6.1. Market overview
6.2. Global Plant-Based Protein Supplements Market by Raw Material, Performance – Potential Analysis
6.3. Global Plant Protein Supplements Market estimates and forecast by raw material, 2018-2027 (USD Billion)
6.4. Plant-Based Protein Supplements Market, Sub-Segment Analysis
6.4.3. pumpkin seed
Chapter 7. Global Plant Protein Supplements Market, By Product
7.1. Market overview
7.2. Global Plant-Based Protein Supplements Market by Product, Performance – Potential Analysis
7.3. Global Plant Protein Supplements Market estimates and forecasts by product, 2018-2027 (USD Billion)
7.4. Plant-Based Protein Supplements Market, Sub-Segment Analysis
7.4.1. protein powder
7.4.2. Protein bars
7.4.3. ready to drink
Chapter 8. Global Plant Protein Supplements Market, By Distribution Channel
8.1. Market overview
8.2. Global Plant Protein Supplements Market by Distribution Channel, Performance – Potential Analysis
8.3. Global Plant Protein Supplements Market estimates and forecast by distribution channel, 2018-2027 (USD Billion)
8.4. Plant-Based Protein Supplements Market, Sub-Segment Analysis
8.4.2. Online stores
8.4.4. Specialty stores
Chapter 9. Global Plant Protein Supplements Market, By Application
9.1. Market overview
9.2. Global Plant-Based Protein Supplements Market by Application, Performance – Potential Analysis
9.3. Global Plant Protein Supplements Market estimates and forecasts by application, 2018-2027 (USD Billion)
9.4. Plant-Based Protein Supplements Market, Sub-Segment Analysis
9.4.1. sports nutrition
9.4.2. Functional food
Chapter 10. Global Plant Protein Supplements Market, Regional Analysis
Ingredients Market, Industry Analysis Report, Regional Outlook, Application Potential, Price Trend, Market Competitive 2021-2027
the ingredients market for plant-based foods and beverages is expected to show exponential growth by 2027 due to the growing demand for functional foods across the world. A plant-based diet has been shown to provide a wide range of health benefits, including diabetes prevention, reduced risk of cardiovascular disease, and better weight management. The rapid shift in consumer preferences towards a vegan lifestyle has increased industry adoption in recent years. Regionally, the Latin America plant-based food and beverage ingredients market is expected to reach an estimated value of USD 260 million by 2027 driven by strong demand and production of food and beverages. functional drinks. The Middle East & Africa eubiotics market is expected to grow at a CAGR above 19.5% over the forecast period owing to the growing prevalence of lactose intolerance and the emerging vegan trend in the MEA region .
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