Report Ocean has recently published the “Plant Based Protein Supplement Market “ Research Report 2023-2031, offering a comprehensive analysis of the market. This report delves deep into the market dynamics, including key trends, upcoming technologies, drivers, challenges, and regulatory policies. It also features company profiles and strategies of prominent players in the industry. With over 100+ market data tables, pie charts, graphs, and figures, this global market study provides a thorough understanding of the market landscape. It presents a complete assessment, encompassing future trends, current growth factors, informed opinions, factual insights, and industry-validated market data, enabling accurate forecasts until 2031.
The Plant Based Protein Supplement market size was valued at $4.2 billion in 2018 and is expected to reach $7.0 billion by 2026, registering a CAGR of 6.7% from 2019 to 2026. The global Plant Based Protein Supplement market is segmented based on price, end user and distribution channel. Based on price, the global Plant Based Protein Supplement market is further segmented into $50 – $100, $100 – $200 and Above $200. Plant Based Protein Supplement Market by Nature (Organic and Conventional), by product type (Soy, Spirulina, Pumpkin Seed, Pea and others), by form (Protein Powder, Protein Bar and Ready-to-drink), by application (Sports Nutrition and Supplement Nutrition) and Distribution Channel (Hypermarket/Supermarket, Specialty Store and online Store)
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According to the Vegan Society, in 2019, there were 600,000 vegans around the globe. The rise in awareness about the health benefits associated with the consumption of vegan food products has led majority of population adopting into vegan diet. This has led to burgeon demand for different types of vegan food products from its health-conscious target customers. This similar kind of trend has been enduring even from the sports segments. Professional sports personnel and athletes are now adopting into vegan diet owing to increase in awareness about the associated benefits. This consumer perception all together has triggered demand for plant-based protein supplement products.
According to the U.S. Census Bureau, millennials are on the verge of surpassing baby boomers in the country. Similarly, in Asia-Pacific, millennials account for a larger population, especially in countries such as China, India, and Australia as compared to other population groups. Millennials, population aged between 20 and 35 years, are active, and broad minded. They have been influential in evolving various global industries in terms of product offerings and services. They always to tend to try products that are new in the market and determine whether the products cater to the requirements. Moreover, majority of the millennial population are health conscious and tend to buy product that benefits their health. This factor is projected to fuel the growth of the market.
KEY BENEFITS FOR STAKEHOLDERS– The report provides an extensive analysis of the current and emerging market trends and opportunities in the global Plant Based Protein Supplement market. – The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate the prevailing market opportunities. – A comprehensive analysis of the factors that drive and restrict the growth of the market is provided. – An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework. – The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.
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Key CompaniesCovered in thePlant Based Protein Supplement MarketResearch areArchon Vitamin LLC., Sequel Natural Ltd., Glanbia plc, MusclePharm Corporation, True Nutrition, General Nutrition Centers, Inc., Nutiva Inc., NOW Health Group, Inc., Vital Amine, Inc., Hormel Foods Corporationand other key market players.
KEY MARKET SEGMENTS
By Nature– Organic – Conventional
By Product Type– Soy – Spirulina – Pumpkin Seeds – Pea – Others
By form– Protein Powder – Protein Bar – Ready-to-drink By Application – Sports Nutrition – Supplement Nutrition By Distribution Channel – Hypermarket/Supermarket – Specialty Store – Online Store
By Region– North America o U.S. o Canada o Mexico – Europe o UK o Germany o France o Italy o Spain o Russia o Rest of Europe – Asia-Pacific o China o India o Japan o Australia and New Zealand o Rest of Asia-Pacific – LAMEA o Latin America o Middle East o Africa
Table of Contents:
- Introduction and Scope
- Definition and Forecast Parameters
- Methodology and Forecast Parameters
- Information Sources
- Latest Trends Summary
- Regional Trends
- Product Trends
- End-Use Trends
- Business Trends
- Industry Insights
- Industry Fragmentation
- Industry Landscape
- Vendor Matrix
- Technological and Innovative Landscape
- Market by Region
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East and Africa
- Company Profiles
- Company Overview
- Financial Elements
- Product Landscape
- SWOT Analysis
- Systematic Outlook
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Key Questions Market Research and Analysis Report
- What is the current market size, both in terms of value and volume?
- What is the historical growth rate of the market, and what are the projected growth rates for the future?
- Who are the major players in the market, and what is their market share?
- What are the market trends and dynamics influencing the industry?
- What are the key drivers of market growth?
- What are the challenges and barriers faced by market participants?
- What are the emerging opportunities in the market?
- What is the competitive landscape of the market?
- What are the consumer preferences, behaviors, and buying patterns within the market?
- What is the market segmentation, and how are different market segments performing?
- What are the pricing trends and strategies in the market?
- What are the distribution channels and their effectiveness in reaching the target audience?
- What are the regulatory and legal factors impacting the market?
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