Cibi e Bevande
Plant Based Protein Supplement Market to Reach $7.0 Bn, Globally, by 2026 at 6.7% CAGR: Allied Market Research
Rise in number of vegan populations, increase in obesity rate, and surge in awareness regarding health and fitness amongst people drive the growth of the global plant based protein supplement market. However, presence of cheaper substitutes, side-effects and negative publicity & claims, and impact analysis hinder the market growth to some extent. On the other hand, increase in number of millennial populations and surge in social media marketing create new opportunities in the industry.
Based on nature, the conventional segment held nearly 86% of the total share of the global plant based protein supplement market in 2018, and is expected to maintain its leadership status during the forecast period. This is due to easy availability of the product at affordable prices and rise in number of health-conscious customers. Moreover, the segment is estimated to portray the fastest CAGR of 6.9% from 2019 to 2026.
Based on product type, the soy segment contributed to the highest market share in the global plant based protein supplement market in 2018, holding nearly two-thirds of the total share, and is expected to maintain its dominant position in terms of revenue by 2026. This is due to the use of soy to make infant soy formula and less fat and low proportion of cholesterol in soy. However, the pumpkin seed segment is estimated to witness the highest CAGR of 11.4% from 2019 to 2026. Pumpkin seeds are a good source of healthful oils, magnesium and other nutrients that enhance the health of heart, bones and other body organs.
Based on region, Europe contributed to the highest share, accounting for nearly one-third of the global plant based protein supplement market in 2018, and is estimated to continue its lion's share during the forecast period. The rise in number of health-conscious consumers in this region paves way for growth opportunity for the plant based protein supplement market. On the other hand, North America is expected to maintain the second highest market share during the forecast period. However, Asia-Pacific is expected to portray the largest CAGR of 7.8% from 2019 to 2026. This is due to surge in number of millennial populations coupled with rising awareness about the health benefits associated with consumption of protein supplements.
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon . Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
David Correa
5933 NE Win Sivers Drive
#205, Portland, OR 97220
United States
USA /Canada (Toll Free):
+1-800-792-5285, +1-503-894-6022, +1-503-446-1141
UK: +44-845-528-1300
Hong Kong : +852-301-84916
India ( Pune ): +91-20-66346060
Fax: +1(855)550-5975
help@alliedmarketresearch.com
Web: https://www.alliedmarketresearch.com/
Follow Us on LinkedIn: https://www.linkedin.com/company/allied-market-research
Logo: https://mma.prnewswire.com/media/636519/Allied_Market_Research_Logo.jpg