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plant-based protein supplements market

Gunjan Hinge Gunjan Hinge
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The global 

plant trends 2017 


is predicted to reach USD 7.38 billion by 2025,


CAGR of 7.46%

 in the forecast period. The growing

improvements in vegan dietary patterns can be an essential factor augmenting

the growth of the market during the forecast period, states Fortune Business

Insights in a report, titled “Plant Based Protein Supplements Market Size,

Share and Industry Analysis By Type (Soy Protein, Pea Protein & Wheat

Protein), By Distribution Channel (Mass Merchandisers, Pharmacies/Drugstores,

Specialty Stores, Online Retail & Others), and Regional Forecast


the market size stood at USD 4.16 billion in 2017.

Market Driver


Rising Sustainable Innovation to Favor


The growing demand for dairy

alternatives, meat alternatives, sports nutrition, and dietary snacks will have

a tremendous effect on the market during the forecast period. The and easy

availability of raw materials with superior nutritional value will subsequently

increase the production of plant-based protein supplements. The growing

consumer demand for dietary supplements will further aid the expansion of the

market during the forecast period. The growing sustainable innovation and

improvements in plant protein such as spirulina, pumpkin seeds, and hemp will

boost the market during the forecast period.

Mass Merchandisers to the Hold Lion’s


The soy protein segment is expected to

dominate the market during the forecast period owing to its increased

utilization in a variety of dietary supplements. Mass merchandisers including

supermarkets and hypermarkets are likely to account for the maximum share in

the global market owing to its large distribution channels for plant-based

protein supplements. The rapidly growing online retail platforms and specialty

stores that customized solutions to enhance customer experience will further

create opportunities for the market in the forthcoming years.

Regional Analysis


Increasing Consumer Awareness to Aid

Development in North America

The market in North America and Europe

are expected to witness a high growth rate during the forecast period owing to

the rising consumer awareness regarding the ecological impact of animal-based

proteins. The increasing awareness regarding health benefits from plant-based

proteins will further spur the demand of the market. The growing shift towards

vegan and vegetarian supplements will further boost the market in North America.

The growing demand for healthy and nutritional products is expected to further

fuel the demand for plant-based protein supplements. The market in Asia Pacific

is expected to rise tremendously during the forecast period owing to the rising

demand for supplements based on vegan sources in China, India, and Indonesia.

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