Plant-Based Protein Supplements Market Size with Covid-19 Pandemic Analysis, Growth Rate, New Trend Analysis Forecast To 2029
Plant-Based Protein Supplements Market was valued at US$ 5.48 Bn in 2021 and is expected to reach US$ 8.48 Bn by 2029, at a CAGR of 5.6% during a forecast period.
Plant-Based Protein Supplements Market Overview:
The research " Plant-Based Protein Supplements Market " seeks to provide up-to-date market intelligence and aid decision-makers in making sound investment decisions. It also offers a comprehensive analysis of the global Plant-Based Protein Supplements Market by Product Type, End Users/Application, Key Manufacturers, and Several Key Regions.
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Market Scope:
The research focuses on the report's growth prospects, constraints, and market analyses. The research employs Porter's five forces analysis of the Plant-Based Protein Supplements Market industry to assess the impact of several variables on Plant-Based Protein Supplements Market trends, including supplier bargaining power, competitor competitive intensity, the threat of alternatives, buyer power etc.
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Segmentation:
The soy segment is anticipated to lead the worldwide market for plant-based protein supplements during the forecast period. Soy protein consumption is rising as vegan diets become more and more popular among consumers worldwide. A increasing desire for low-fat diets among the people throughout the world has resulted in protein isolate category holding the greatest sales share over the past ten years. In terms of application, the food & beverage sector is anticipated to drive the expansion of the global market for plant-based protein supplements due to expanding middle-class populations and rising population density. The need for animal feed with necessary minerals, a high protein content, and vitamins is rising as a result of the growing quantity of livestock.
Key Players: The key players are
• Archer Daniels Midland
• Cargill, Incorporated
• DuPont | Nutrition & Health
• Kerry Group
• The Scoular Company
• Omega Protein Corporation
• Roquette Frères
• Axiom Foods, Inc.
• Glanbia plc
• Growing Naturals, LLC.
• Manitoba Harvest Hemp Foods
• Amway Corporation
• AMCO Proteins
• QuestNutrition
• MusclePharm Corporation
• NOW Foods
• CytoSport, Inc
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Regional Analysis:
Our analysts have also studied the global Plant-Based Protein Supplements Market in the following regions:
- America, North (the United States, Canada)
- European Union (Germany, France, United Kingdom, Russia)
- Asia-Pacific region (China, Japan, Korea, India, Southeast Asia, and Australia)
- Latin America (Brazil, Argentina, Colombia)
- Africa and the Middle East (Saudi Arabia, UAE, Egypt, South Africa)
COVID-19 Impact Analysis on Plant-Based Protein Supplements Market : The detailed impact analysis of the COVID-19 pandemic on the global Plant-Based Protein Supplements Market has also been included in the report.
Key Questions Answered in the Plant-Based Protein Supplements Market Report are:
- What will be the CAGR of the Plant-Based Protein Supplements Market during the forecast period (2023-2029)?
- Which segment emerged as the leading segment in the Plant-Based Protein Supplements Market in 2022?
- Which are the key players in the Plant-Based Protein Supplements Market ?
- What key trends are likely to emerge in the Plant-Based Protein Supplements Market in the forecast period?
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