Global Plant-Based Protein Supplements Market (2021 to 2027) – by Product, Raw Material, Distribution Channel, Application and Region – ResearchAndMarkets.com


DUBLIN–(BUSINESS WIRE)–The report “Global Plant-Based Protein Supplements Market by Product, by Raw Material, by Distribution Channel, by Application, by Regional Outlook, COVID-19 Impact Analysis Report and forecast, 2021-2027” has been added to from ResearchAndMarkets.com offer.

The global herbal protein supplements market size is expected to reach USD 9.2 billion by 2027, with the market growing at 8.4% CAGR during the forecast period. Protein-based protein supplement products refer to protein supplements that are processed and extracted from various types of nutritional plant sources. Some of the top plant sources used as key ingredients for plant protein supplements include chickpea, soy, brown rice, pea, and others.

The growth of herbal protein supplements market is expected to be fueled by the rising popularity and adoption of vegan diet owing to the risk of cardiovascular disease and type 2 diabetes due to the consumption of meat products. In addition to this, the growing population of flexitarians owing to the large-scale outreach programs that promote vegan diet media platforms are expected to create new growth avenues for the herbal protein supplement market player in the course of the next few years.

Ever-changing consumer preferences have shown an increasing shift among consumers towards nutritional diet choice centered on a highly nutritious diet centered on a sustainable lifestyle and less dependence on animal protein. A significant portion of the millennial population in Western countries have witnessed their changing dietary trends as consumers shift from traditional animal-based products to organic and plant-based food products as the perfect dietary solution. Over the past two years, consumer acceptance of plant-based foods and beverages has been significant due to the broader scope of product accessibility, greater product advancements and innovation. in plant proteins, and a wider range of available alternatives and substitutes.

Impact of COVID-19

The plant-based protein sector is booming to meet the challenge. The absence of conventional meat alternatives on grocery store shelves represents an innovative opportunity to accelerate the rollout of plant-based protein supplements in the coming years. Over the past few years, the meat processing sector is expected to decline as some large meat processors like Tyson and Smithfield have closed their factories due to the outbreaks of the COVID-19 pandemic. A major potential shortage of meat is looming. Consumers are ready to switch to plant-based protein supplements as major meat manufacturers have been hit hard during these times.

Demand for plant-based protein has been fueled in large part by disruptions to the conventional protein supply chain; however, which will not significantly decrease animal-based protein. As soon as the situation starts to normalize, out-of-home consumption will increase again. The meat processing sector will also be reborn as a pre-pandemic state. These things will once again reduce the surge in sales to some extent. In such a scenario, plant-based protein manufacturers absolutely need to rethink their sourcing strategies, promote their product offerings, and leverage the capacity of supply chains and their market access channels. E-commerce and distribution networks need to be optimized and streamlined. On top of that, given the impact of changing commodity and other service costs and growing demand, organizations will be forced to rethink their pricing and promotion strategies.

Profiled companies

  • Glanbia PLC
  • AMCO proteins
  • Quest Nutrition LLC (Atkins Nutritionals Holdings, Inc.)
  • NOW Foods, Inc.
  • Danone S.A.
  • MusclePharm Corporation
  • Abbott Laboratories
  • PepsiCo, Inc.
  • Alticor Inc. (Amway Corporation)
  • Kerry Group PLC

Main topics covered:

Chapter 1. Market Scope and Methodology

Chapter 2. Market Overview

2.1 Presentation

2.1.1 Presentation

2.1.2 Market Composition and Scenario

2.2 Key Factors Impacting the Market

2.2.1 Market Drivers

2.2.2 Market constraints

Chapter 3. Global Herbal Protein Supplements Market by Application

Chapter 4. Global Herbal Protein Supplements Market by Raw Material

Chapter 5. Global Plant-Based Protein Supplements Market by Distribution Channel

Chapter 6. Global Herbal Protein Supplements Market by Product

Chapter 7. Global Plant-Based Protein Supplements Market by Region

Chapter 8. Business Profiles

For more information about this report visit https://www.researchandmarkets.com/r/eu7smu

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