[FURL=https://www.industryarc.com/Research/Plant-Based-Protein-Supplements-Market-Research-508437?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Plant Based Protein Supplements Market[/FURL] size is estimated to reach $5.86 Bn by 2026 and is poised to grow at a CAGR of 7.56% during the forecast period 2021-2026. The protein supplements that are processed and derived from various types of plant-based food sources are known as plant based protein supplements. Soy, peas, chickpeas, brown rice and other major plant sources are used as the main ingredients for plant protein supplements. Plant-based protein supplements are the essential macronutrients that helps maintain muscle and bone mass and supports the immune system. Raising awareness of the benefits of healthy food products and the growth in the vegetarian population are among the major factors driving the demand for plant protein supplement products. Additionally, increased health awareness, higher disposable income, and awareness towards chemical-free products are the factors that boost the market growth during the forecast period 2021-2026.Key Takeaways
Geographically, North America is poised to see extraordinary development owing to the growing awareness about vegan diet coupled with shifting trend towards vegetarianism in the region and is set to continue during the forecast period 2021-2026.
Based on Product Type, protein powder is gaining demand owing to the increasing market visibility of powder products among elite athletes, bodybuilders, and casual exercisers as a result of its ease of incorporation into milk and water.
The sensitivity towards Plant Based Protein products leads to allergies, which is estimated to restrain the market growth during the forecast period 2021-2026.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Plant Based Protein Supplements Market report.
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Plant Based Protein Supplements Market Drivers
Rising preference for plant-based diets
Rising awareness about animal welfare as well as environmental sustainability has been pushing consumers towards the adoption of plant-based diets.
Growing awareness about benefits associated with plant-based protein supplements
Rising cases of obesity worldwide, growing awareness among the people regarding health and fitness, increasing importance of plant-based nutrition, growth of sports nutrition industry are the major factors that are enhancing the growth of the plant-based protein supplements market.
Plant Based Protein Supplements Market. top 10 companies are Kerry Group Plc, Glanbia plc, Nutiva Inc, Now Health Group Inc., The Simply Good Food Co, MusclePharm Corporation, Iovate Health Sciences International Inc., CytoSport, Inc., Burcon NutraScience Corporation, Herbalife Nutrition Inc., Danone SA, Orgain Inc., and True Nutrition.
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