DUBLIN, June 22, 2021 / PRNewswire / – The Plant Based Protein Supplements Market by Type (Soy Protein, Rice Protein), Form (Powder, RTD), Application (Sports Nutrition, Supplemental Nutrition) and Distribution Channel (Hypermarket / Supermarket, E-commerce, Pharmacies ) – Global forecasts Until 2027 “ the report was added to ResearchAndMarkets.com offer.
The Herbal Protein Supplements market is expected to grow at a CAGR of 7.8% from 2020 to 2027 to reach $ 9.57 billion by 2027.
The growth of this market is primarily driven by the growing interest in plant-based nutrition, the growing importance of sports and health nutrition, the growing inclination towards a vegan diet, and the growing demand for personalized nutrition.
In addition, the growing demand from emerging economies for Asia Pacific, Latin America, and the Middle East and Africa and new herbal protein supplement product launches are expected to create lucrative opportunities for players operating in this market. However, the preference for whey protein supplements and the growing preference for unlabeled products (soy and gluten free) are expected to hamper the growth of this market.
On the basis of type, the soy protein segment accounted for the largest share of the overall herbal protein supplements market in 2020. The leading position in this segment is mainly attributed to the easy availability of the raw material for soy protein, cost effectiveness compared to other sources. protein supplements, higher nutritional value than other sources and a higher level of consumer acceptance. However, the pea protein segment is expected to grow at the fastest CAGR during the forecast period.
On the basis of form, the protein powder segment accounted for the largest share of the overall herbal protein supplements market in 2020. The bulk of this segment is mainly attributed to their higher demand with ease of processing. handling and transportation, cost effectiveness, the ability to avoid costly formulation errors, and the skill to maintain ingredient stability. However, the ready-to-drink segment is expected to grow at the fastest CAGR during the forecast period due to the increasing popularity of convenient and ready-to-drink beverages.
On the basis of the application, the sports nutrition segment accounted for the largest share of the global herbal protein supplements market in 2020. The large share of this segment is mainly attributed to the increase in the development of new products, the growing number of young people choosing a career in sport, and in national and international sporting events. This segment is also expected to grow at the fastest CAGR during the forecast period due to growing awareness of the benefits of a balanced, nutrient-dense diet to minimize muscle tone and endurance in athletes.
On the basis of distribution channel, the modern grocery segment held the largest share of the overall herbal protein supplements market in 2020. The large share of this market is mainly attributed to the huge supermarket base. and hypermarkets and the growing consumer preference for shopping from such outlets. However, the online retail segment is expected to grow at the fastest CAGR during the forecast period.
Geographically, North America accounted for the largest share of the global herbal protein supplements market in 2020. North America The leading position in the herbal protein supplements market is mainly attributed to the high demand for nutritional supplements, the emphasis on healthy lifestyle, a well-established nutraceutical and functional food industry, and growing trends in health and wellness and clean labels.
however, Asia Pacific is growing and developing at a significant rate. Among other regional markets, Asia Pacific shows signs of strong growth in the near future.
Key questions answered in the report:
What is the current value of the revenue generated by herbal protein supplements around the world?
How fast is the demand for plant-based protein supplements expected to increase over the next 5-7 years?
What is the historical size and growth rate of the Herbal Protein Supplements market across the globe?
What are the major factors impacting the growth of this market on a global and regional level? What are the main opportunities for existing market players and new market entrants?
What impact is the current COVID-19 pandemic having on the Plant Protein Supplements market at different levels of the value chain?
Which segments in terms of type, form, application and distribution channel create the main attraction for suppliers in this market?
What are the main geographic trends in this market? Which regions / countries are expected to provide significant growth opportunities for the vendors operating in the Herbal Protein Supplements for Modern Food Distribution market?
Who are the major players in the plant protein supplements market? And also, what is their specific product offering in the sports nutrition and complementary nutrition industry?
What recent developments have taken place in the Herbal Protein Supplements market and these strategic developments are creating a global impact in this market?
The major players operating in the Herbal Protein Supplements market are
Glanbia plc. (Ireland)
Now Health Group Inc. (United States)
Nutiva Inc (United States)
The Simply Good Food Co (United States)
Iovate Health Sciences International Inc. (Canada)
MusclePharm Corporation (United States)
Kerry Group Plc (Ireland)
CytoSport Inc. (United States)
The Nature’s Bounty Co. (United States)
Reliance Vitamin Company Inc. (US)
Herbalife Nutrition Inc. (United States)
Danone SA (France)
General Nutrition Centers (GNC) Holdings Inc. (United States)
Orgain Inc. (United States)
True Nutrition (United States).
Main topics covered:
2 Research methodology
3 Executive summary
3.2. Segment analysis
3.3. Herbal Protein Supplements Market: Regional Analysis
3.3.1. Competitive landscape and market competitors
4 market information
4.2.1. Growing interest in plant-based nutrition
4.2.2. Positive outlook for the sports nutrition and health industries
4.2.3. A growing inclination towards the vegan diet
4.2.4. Growing demand for personalized nutrition
4.3.1. Preference for whey protein supplements
4.3.2. Growing preference for soy and gluten-free products
4.4.1. Emerging economies in Asia Pacific, Latin America, and the Middle East & Africa
4.4.2. Increase in new product launches of herbal protein supplements
4.5.1. Growing preference for online shopping
5 The impact of Covid-19 on the plant protein supplement market
6 Global Plant Protein Supplements Market, By Type
6.2. Soy protein
6.3. Rice protein
6.4. Pea protein
6.5. Spirulina protein
6.6. Pumpkin seed protein
6.7. Hemp protein
6.8. Wheat Protein
6.9. Other vegetable proteins
8 Global Plant Protein Supplements Market, By Application
8.2. Sports nutrition
8.3. Supplementary nutrition
9 Global Plant Protein Supplements Market, By Distribution Channel
9.2. Modern Grocery
9.3. Natural and specialized retail
9.4. Online retail
9.5. Health food stores
9.6. Pharmacies and pharmacies
9.7. Convenience Stores
9.8. Other distribution channels
10 Plant-Based Protein Supplements Market, By Geography
11 Competitive landscape
11.2. Key growth strategies
11.3. Competitive benchmarking
12 company profiles (company overview, financial overview, product portfolio and strategic developments)
For more information on this report, visit https://www.researchandmarkets.com/r/uw73f3
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