The Plant Based Protein Market unveils a succinct analysis of the market size, regional spectrum and revenue forecast about the Plant Based Protein market. Furthermore, the report points out major challenges and latest growth plans embraced by key manufacturers that constitute the competitive spectrum of this business domain.
The Detailed Market intelligence report on the Plant Based Protein Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Plant Based Protein Market place for the forecast 2019– 2025.
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Scope of The Report: Different kinds of retail chains comprising pharmacies, mass merchandisers, and grocery retail outlets have been aiming on increasing popularity of sports nutrition amongst users, thereby powering the market.
Global Plant Based Protein Market is valued at USD XXX Million in 2018 and expected to reach USD XXX Million by 2025 with a CAGR of XX% over the forecast period.
Proteins are fundamental nutrients needed by the human body and are created from amino acids. These proteins, when attained from plant-based foods such as wheat, soy, and others, are dubbed as plant proteins. Various plants offer high level of proteins, such as lentils, tofu, peanuts, chickpeas, spirulina, almonds, chia seed, and quinoa. Since plant-based proteins have a less calorie count, they can be restored for weight loss with animal-based protein.
The global plant protein market is divided by product, source, region, and distribution channel. Relying on source, the market is segmented into lentils, almonds, tofu, peanuts, chickpeas, and others. In terms of product, it is divided into protein bars, protein isolate, fresh, protein tablets, protein powder, and others. By distribution channel, it is divided into specialty stores, online retail, departmental stores, supermarkets/hypermarkets, and others. Area wise, it is divided across Europe, North America, LAMEA, and Asia Pacific.
Key Players in the Plant Based Protein Market Report
The major players included in the global plant based protein market forecast are NOW Foods, Glanbia plc, CytoSport, Inc., MusclePharm Corporation, NBTY, and Quest.
Key Market Segments:
Rising Concerns Related To Lactose Intolerance And Glutamic Disorders Amongst The Millennials To Power The Growth In The Market
Increasing significance of a vegan diet due to the jeopardy of type 2 diabetes and cardiovascular diseases related to the usage of meat products is predicted to have a solid positive effect on the development of plant based protein market size. The global market is predicted to clock substantial development over the coming years due to increasing population of flexitarians in Canada and the US, owing to widespread campaigns for marketing vegan diet through media platforms.
Moreover, rising concerns related to lactose intolerance and glutamic disorders amongst the millennials in developed nations comprising the US and Germany are expected to power the use of pea as well as soy protein supplements. A number of players are comprised in selling their goods via different distribution channels comprising e-commerce portals, direct selling contracts, and supermarkets. These goods are available in various forms such as liquids, powder, capsules, and Ready-to-Drink (RTD).
Since the last few decades, different kinds of retail chains comprising pharmacies, mass merchandisers, and grocery retail outlets have been aiming on increasing popularity of sports nutrition amongst users. Drugstores or pharmacies, which hold a noteworthy share of user health investment, have surfaced as a major retail segment.
For example, Walgreens has major outlets that sport an individual sports nutrition segment for nutraceuticals aisles. There are two different lines of protein powders for Walgreen-one under the Walgreen’s umbrella while other is high quality premium edition of Finest Nutrition, the private-based brand. This trend in retail level is expected to offer options to users for selecting the finest nutritional solutions.
Market by Regional Analysis
North America (USA, Canada, Mexico), Europe (UK, France, Germany, Russia, Rest of Europe), Asia-Pacific (China, South Korea, India, Japan, Rest of Asia-Pacific), LAMEA, Latin America, Middle East, Africa.
North America Added Up For Almost 50% Of The Worldwide Income Share Of The Global Market
North America added up for almost 50% of the plant based protein market size. Increasing awareness about vegan diet together with altering trend towards vegetarianism due to new brand campaigns on television channels and social media is expected to increase the growth plant-based protein supplements in coming future.
The requirement in the US is predicted to develop at a slow speed over the coming period due to the rising usage of sports nutrition supplements. Moreover, increasing issues related to weight management paired with increasing user awareness about maintaining a healthy lifestyle and the consumption of a nutritious diet are predicted to power the growth of regional market over the coming period.
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