Plant-Based Protein Supplements Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2024-2033

Description

Persistence Market Research has recently released a comprehensive report on the worldwide market for plant-based protein supplements. The report offers a thorough assessment of crucial market dynamics, including drivers, trends, opportunities, and challenges, providing detailed insights into the market structure.

Key Insights:

Plant-Based Protein Supplements Market Size (2024E): USD 1.1 Billion
Projected Market Value (2033F): USD 1.9 Billion
Global Market Growth Rate (CAGR 2024 to 2033): 5.80%

Plant-Based Protein Supplements Market - Report Scope:

Plant-based protein supplements have emerged as a popular alternative to animal-based proteins, catering to a wide range of consumers, including vegans, vegetarians, and those seeking to reduce their environmental impact. These supplements are derived from various plant sources, such as soy, pea, rice, hemp, and others, providing essential amino acids and nutritional benefits without the cholesterol and lactose found in animal proteins. The market encompasses a variety of product forms, including powders, bars, and ready-to-drink beverages, distributed across retail, online, and specialty health food stores.

Market growth is driven by the rising health consciousness among consumers, increasing adoption of vegan and vegetarian diets, and growing awareness of the environmental impact of animal agriculture. Advancements in plant protein extraction and formulation technologies are enhancing the taste, texture, and nutritional profile of these supplements, attracting a broader consumer base.

Market Growth Drivers:

The global plant-based protein supplements market is propelled by several key factors, including the growing trend towards health and wellness, which has led to increased consumer interest in high-protein diets for weight management and muscle building. The rising prevalence of lactose intolerance and dairy allergies is further boosting the demand for non-dairy protein sources. Additionally, the environmental and ethical concerns associated with traditional animal farming are prompting consumers to seek sustainable and cruelty-free alternatives, thereby driving the market for plant-based proteins.

Technological advancements in plant protein processing have improved the taste and texture of these products, making them more appealing to mainstream consumers. The development of novel protein blends that combine multiple plant sources to provide complete amino acid profiles is also contributing to market growth. Moreover, the increasing availability of plant-based protein supplements in various retail channels and the rise of e-commerce platforms are expanding market reach and accessibility.

Market Restraints:

Despite promising growth prospects, the plant-based protein supplements market faces challenges related to taste and texture issues, which can deter consumer adoption. Some consumers may perceive plant-based proteins as inferior in taste compared to animal-based options, posing a barrier to market growth. Additionally, the higher cost of plant-based protein supplements compared to traditional protein sources can limit their affordability and accessibility, particularly in price-sensitive markets.

Furthermore, regulatory challenges and labeling requirements can pose obstacles for manufacturers, especially in regions with strict food safety standards and labeling regulations. Ensuring product quality, consistency, and compliance with labeling claims are critical for gaining consumer trust and market acceptance.

Market Opportunities:

The plant-based protein supplements market presents significant growth opportunities driven by expanding product offerings, consumer demand for functional and clean-label products, and the rising popularity of plant-based diets. Innovations in protein extraction and formulation techniques are enabling the development of new and improved plant-based protein supplements that address taste, texture, and nutritional challenges.

There is a growing opportunity for manufacturers to target niche consumer segments, such as athletes, fitness enthusiasts, and older adults, with specialized plant-based protein formulations that cater to their unique nutritional needs. The integration of value-added ingredients, such as probiotics, prebiotics, and superfoods, into plant-based protein supplements can also enhance product appeal and differentiation.

Collaborations with sports nutrition brands, health influencers, and nutritionists can help manufacturers expand their market presence and educate consumers about the benefits of plant-based proteins. Additionally, investment in research and development to explore new plant protein sources, such as algae and insect proteins, can drive future market growth and diversification.

Key Questions Answered in the Report:

What are the primary factors driving the growth of the plant-based protein supplements market globally?
Which plant sources and product forms are driving adoption across different consumer segments?
How are technological advancements reshaping the competitive landscape of the plant-based protein supplements market?
Who are the key players contributing to the plant-based protein supplements market, and what strategies are they employing to maintain market relevance?
What are the emerging trends and future prospects in the global plant-based protein supplements market?

Competitive Intelligence and Business Strategy:

Leading players in the global plant-based protein supplements market, including Garden of Life, Vega (Danone), and Orgain, focus on innovation, product differentiation, and strategic partnerships to gain a competitive edge. These companies invest in R&D to develop advanced plant-based protein solutions, offering a wide range of flavors, formulations, and functional benefits to cater to diverse consumer preferences and dietary needs.

Collaborations with retail giants, health food chains, and online marketplaces facilitate market access and promote product availability. Moreover, emphasis on sustainability, transparency, and consumer education fosters market growth and enhances brand loyalty in the rapidly evolving plant-based protein landscape.

Key Companies Profiled:

Axiom foods
Glanbia plc
NOW Health Group Inc.
MusclePharm Corporation
Ingredion Inc.
Roquette Freres
DuPont
Archer-Daniels-Midland Co.
Batory Foods
The Scoular Company

Market Segmentation

By Type

Soy Protein
Wheat Protein
Pea Protein
Others

By Sales Channel

Hypermarkets/Supermarkets
Specialty Stores
Pharmacy & Drug Stores
Online Retail

By Region

North America
Europe
Latin America
Western Europe
Eastern Europe
South Asia and Pacific
East Asia
The Middle East and Africa

Product Code: PMRREP31270

1. Executive Summary

1.1. Global Market Outlook
1.2. Demand Side Trends
1.3. Supply Side Trends
1.4. Technology Roadmap
1.5. Analysis and Recommendations

2. Market Overview

2.1. Market Coverage / Taxonomy
2.2. Market Definition / Scope / Limitations

3. Key Market Trends

3.1. Key Trends Impacting the Market
3.2. Product Innovation / Development Trends

4. Key Success Factors

4.1. Product Adoption / Usage Analysis
4.2. Product USPs / Features
4.3. Strategic Promotional Strategies

5. Global Plant-based Protein Supplement Market - Pricing Analysis

5.1. Regional Pricing Trend Analysis, 2019-2023
5.2. Global Average Pricing Analysis Benchmark

6. Global Plant-based Protein Supplement Market Demand (in Value or Size in US$ Bn) Analysis 2019-2023 and Forecast, 2024-2033

6.1. Historical Market Value (US$ Bn) Analysis, 2019-2023
6.2. Current and Future Market Value (US$ Bn) Projections, 2024-2033
- 6.2.1. Y-o-Y Growth Trend Analysis
- 6.2.2. Absolute $ Opportunity Analysis

7. Market Background

7.1. Macro-Economic Factors
- 7.1.1. Global GDP Growth Outlook
- 7.1.2. Global Food & Beverage industry Overview
- 7.1.3. Global GDP and Infrastructure Investment
- 7.1.4. International Trade
- 7.1.5. Global Industry Outlook
7.2. Forecast Factors - Relevance & Impact
- 7.2.1. Top Companies Historical Growth
- 7.2.2. GDP Growth forecast
- 7.2.3. Manufacturing Industry forecast
- 7.2.4. Global Urbanization Growth Outlook
- 7.2.5. Business Climate
7.3. Global Food and Beverage Industry Overview
- 7.3.1. Food & Beverage Industry Key Indicators
7.4. Supply Chain & Value-Chain Analysis
- 7.4.1. Raw Material Suppliers
- 7.4.2. Product Manufacturers
- 7.4.3. Sales Channel Industries
7.5. Regional Plant-based Protein Supplement Associations and Organizations
7.6. Policy Developments and Regulatory Scenario
- 7.6.1. The United States Food and Drug Administration (FDA)
- 7.6.2. Canadian Food Inspection Agency
- 7.6.3. European Food Safety Authority (EFSA)
- 7.6.4. The Food Safety and Standards Authority of India (FSSAI)
- 7.6.5. Ministry of Health, Labor and Welfare. (MHLW), Japan
- 7.6.6. National Health Commission (NHC), China
- 7.6.7. Food Standards Australia New Zealand (FSANZ)
7.7. Market Dynamics
- 7.7.1. Drivers
- 7.7.2. Restraints
- 7.7.3. Opportunity Analysis
7.8. Global Supply Demand Analysis

8. Global Plant-based Protein Supplement Market Analysis 2019-2023 and Forecast 2024-2033, By Product Type

8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Bn) and Volume Analysis By Product Type, 2019-2023
8.3. Current and Future Market Size (US$ Bn) and Volume Analysis and Forecast By Product Type, 2024-2033
- 8.3.1. Soy Protein
- 8.3.2. Wheat Protein
- 8.3.3. Pea Protein
- 8.3.4. Others
8.4. Market Attractiveness Analysis By Product Type

9. Global Plant-based Protein Supplement Market Analysis 2019-2023 and Forecast 2024-2033, by Sales Channel

9.1. Introduction
9.2. Historical Market Size (US$ Bn) and Volume Analysis By Sales Channel, 2019-2023
9.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Sales Channel, 2024-2033
- 9.3.1. Hypermarkets/Supermarkets
- 9.3.2. Specialty Stores
- 9.3.3. Pharmacy & Drug Stores
- 9.3.4. Online Retail
9.4. Market Attractiveness Analysis By Sales Channel

10. Global Plant-based Protein Supplement Market Analysis 2019-2023 and Forecast 2024-2033, by Region

10.1. Introduction
10.2. Historical Market Size (US$ Bn) and Volume Analysis By Region, 2019-2023
10.3. Current Market Size (US$ Bn) and Volume Analysis and Forecast By Region, 2024-2033
- 10.3.1. North America
- 10.3.2. Latin America
- 10.3.3. Europe
- 10.3.4. South Asia and Pacific
- 10.3.5. East Asia
- 10.3.6. Middle East and Africa (MEA)
10.4. Market Attractiveness Analysis By Region

11. North America Plant-based Protein Supplement Market Analysis 2019-2023 and Forecast 2024-2033

11.1. Introduction
11.2. Pricing Analysis
11.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
11.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 11.4.1. By Country
  - 11.4.1.1. U.S.
  - 11.4.1.2. Canada
- 11.4.2. By Product Type
- 11.4.3. By Form
- 11.4.4. By Sales Channel
11.5. Market Attractiveness Analysis
- 11.5.1. By Country
- 11.5.2. By Product Type
- 11.5.3. By Sales Channel
11.6. Market Trends
11.7. Key Market Participants - Intensity Mapping
11.8. Drivers and Restraints - Impact Analysis

12. Latin America Plant-based Protein Supplement Market Analysis 2019-2023 and Forecast 2024-2033

12.1. Introduction
12.2. Pricing Analysis
12.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
12.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 12.4.1. By Country
  - 12.4.1.1. Brazil
  - 12.4.1.2. East Asia
  - 12.4.1.3. Argentina
  - 12.4.1.4. Rest of Latin America
- 12.4.2. By Product Type
- 12.4.3. By Sales Channel
12.5. Market Attractiveness Analysis
- 12.5.1. By Country
- 12.5.2. By Product Type
- 12.5.3. By Sales Channel
12.6. Market Trends
12.7. Key Market Participants - Intensity Mapping
12.8. Drivers and Restraints - Impact Analysis

13. Europe Plant-based Protein Supplement Market Analysis 2019-2023 and Forecast 2024-2033

13.1. Introduction
13.2. Pricing Analysis
13.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
13.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 13.4.1. By Country
  - 13.4.1.1. Germany
  - 13.4.1.2. Italy
  - 13.4.1.3. France
  - 13.4.1.4. U.K.
  - 13.4.1.5. Spain
  - 13.4.1.6. BENELUX
  - 13.4.1.7. Russia
  - 13.4.1.8. Poland
  - 13.4.1.9. Rest of Europe
- 13.4.2. By Product Type
- 13.4.3. By Sales Channel
13.5. Market Attractiveness Analysis
- 13.5.1. By Country
- 13.5.2. By Product Type
- 13.5.3. By Sales Channel
13.6. Market Trends
13.7. Key Market Participants - Intensity Mapping
13.8. Drivers and Restraints - Impact Analysis

14. South Asia and Pacific Plant-based Protein Supplement Market Analysis 2019-2023 and Forecast 2024-2033

14.1. Introduction
14.2. Pricing Analysis
14.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
14.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 14.4.1. By Country
  - 14.4.1.1. India
  - 14.4.1.2. ASEAN
  - 14.4.1.3. Oceania (Australia & New Zealand)
  - 14.4.1.4. Rest of South Asia & Pacific
- 14.4.2. By Product Type
- 14.4.3. By Sales Channel
14.5. Market Attractiveness Analysis
- 14.5.1. By Country
- 14.5.2. By Product Type
- 14.5.3. By Sales Channel
14.6. Market Trends
14.7. Key Market Participants - Intensity Mapping
14.8. Drivers and Restraints - Impact Analysis

15. East Asia Plant-based Protein Supplement Market Analysis 2019-2023 and Forecast 2024-2033

15.1. Introduction
15.2. Pricing Analysis
15.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
15.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 15.4.1. By Country
  - 15.4.1.1. China
  - 15.4.1.2. Japan
  - 15.4.1.3. South Korea
- 15.4.2. By Product Type
- 15.4.3. By Sales Channel
15.5. Market Attractiveness Analysis
- 15.5.1. By Country
- 15.5.2. By Product Type
- 15.5.3. By Sales Channel
15.6. Market Trends
15.7. Key Market Participants - Intensity Mapping
15.8. Drivers and Restraints - Impact Analysis

16. Middle East and Africa Plant-based Protein Supplement Market Analysis 2019-2023 and Forecast 2024-2033

16.1. Introduction
16.2. Pricing Analysis
16.3. Historical Market Size (US$ Bn) and Volume Trend Analysis By Market Taxonomy, 2019-2023
16.4. Market Size (US$ Bn) and Volume Forecast By Market Taxonomy, 2024-2033
- 16.4.1. By Country
  - 16.4.1.1. GCC Countries
  - 16.4.1.2. Turkey
  - 16.4.1.3. Northern Africa
  - 16.4.1.4. South Africa
  - 16.4.1.5. Rest of Middle East and Africa
- 16.4.2. By Product Type
- 16.4.3. By Sales Channel
16.5. Market Attractiveness Analysis
- 16.5.1. By Country
- 16.5.2. By Product Type
- 16.5.3. By Sales Channel
16.6. Market Trends
16.7. Key Market Participants - Intensity Mapping
16.8. Drivers and Restraints - Impact Analysis

17. Country Wise Plant-based Protein Supplement Market Analysis, 2024

17.1. Introduction
- 17.1.1. Market Value Proportion Analysis, By Key Countries
- 17.1.2. Global Vs. Country Growth Comparison
17.2. U.S. Plant-based Protein Supplement Market Analysis
- 17.2.1. By Product Type
- 17.2.2. By Sales Channel
17.3. Canada Plant-based Protein Supplement Market Analysis
- 17.3.1. By Product Type
- 17.3.2. By Sales Channel
17.4. East Asia Plant-based Protein Supplement Market Analysis
- 17.4.1. By Product Type
- 17.4.2. By Sales Channel
17.5. Brazil Plant-based Protein Supplement Market Analysis
- 17.5.1. By Product Type
- 17.5.2. By Sales Channel
17.6. Argentina Plant-based Protein Supplement Market Analysis
- 17.6.1. By Product Type
- 17.6.2. By Sales Channel
17.7. Germany Plant-based Protein Supplement Market Analysis
- 17.7.1. By Product Type
- 17.7.2. By Sales Channel
17.8. Italy Plant-based Protein Supplement Market Analysis
- 17.8.1. By Product Type
- 17.8.2. By Sales Channel
17.9. France Plant-based Protein Supplement Market Analysis
- 17.9.1. By Product Type
- 17.9.2. By Sales Channel
17.10. U.K. Plant-based Protein Supplement Market Analysis
- 17.10.1. By Product Type
- 17.10.2. By Sales Channel
17.11. Spain Plant-based Protein Supplement Market Analysis
- 17.11.1. By Product Type
- 17.11.2. By Sales Channel
17.12. Poland Plant-based Protein Supplement Market Analysis
- 17.12.1. By Product Type
- 17.12.2. By Sales Channel
17.13. Russia Plant-based Protein Supplement Market Analysis
- 17.13.1. By Product Type
- 17.13.2. By Sales Channel
17.14. China Plant-based Protein Supplement Market Analysis
- 17.14.1. By Product Type
- 17.14.2. By Sales Channel
17.15. Japan Plant-based Protein Supplement Market Analysis
- 17.15.1. By Product Type
- 17.15.2. By Sales Channel
17.16. S. Korea Plant-based Protein Supplement Market Analysis
- 17.16.1. By Product Type
- 17.16.2. By Sales Channel
17.17. India Plant-based Protein Supplement Market Analysis
- 17.17.1. By Product Type
- 17.17.2. By Sales Channel
17.18. Oceania (Australia and New Zealand) Plant-based Protein Supplement Market Analysis
- 17.18.1. By Product Type
- 17.18.2. By Sales Channel
17.19. Turkey Plant-based Protein Supplement Market Analysis
- 17.19.1. By Product Type
- 17.19.2. By Sales Channel
17.20. South Africa Plant-based Protein Supplement Market Analysis
- 17.20.1. By Product Type
- 17.20.2. By Sales Channel

18. Market Structure Analysis

18.1. Market Analysis by Tier of Companies (Avocado)
18.2. Market Share Analysis of Top Players
18.3. Market Presence Analysis

19. Competition Analysis

19.1. Competition Dashboard
19.2. Competition Benchmarking
19.3. Competition Deep Dive
- 19.3.1. Axiom foods
  - 19.3.1.1. Overview
  - 19.3.1.2. Product Portfolio
  - 19.3.1.3. Profitability by Market Segments (Product/Channel/Region)
  - 19.3.1.4. Sales Footprint
  - 19.3.1.5. Strategy Overview
- 19.3.2. Glanbia plc
  - 19.3.2.1. Overview
  - 19.3.2.2. Product Portfolio
  - 19.3.2.3. Profitability by Market Segments (Product/Channel/Region)
  - 19.3.2.4. Sales Footprint
  - 19.3.2.5. Strategy Overview
- 19.3.3. NOW Health Group Inc.
  - 19.3.3.1. Overview
  - 19.3.3.2. Product Portfolio
  - 19.3.3.3. Profitability by Market Segments (Product/Channel/Region)
  - 19.3.3.4. Sales Footprint
  - 19.3.3.5. Strategy Overview
- 19.3.4. MusclePharm Corporation
  - 19.3.4.1. Overview
  - 19.3.4.2. Product Portfolio
  - 19.3.4.3. Profitability by Market Segments (Product/Channel/Region)
  - 19.3.4.4. Sales Footprint
  - 19.3.4.5. Strategy Overview
- 19.3.5. Ingredion Inc.
  - 19.3.5.1. Overview
  - 19.3.5.2. Product Portfolio
  - 19.3.5.3. Profitability by Market Segments (Product/Channel/Region)
  - 19.3.5.4. Sales Footprint
  - 19.3.5.5. Strategy Overview
- 19.3.6. Roquette Freres
  - 19.3.6.1. Overview
  - 19.3.6.2. Product Portfolio
  - 19.3.6.3. Profitability by Market Segments (Product/Channel/Region)
  - 19.3.6.4. Sales Footprint
  - 19.3.6.5. Strategy Overview
- 19.3.7. DuPont
  - 19.3.7.1. Overview
  - 19.3.7.2. Product Portfolio
  - 19.3.7.3. Profitability by Market Segments (Product/Channel/Region)
  - 19.3.7.4. Sales Footprint
  - 19.3.7.5. Strategy Overview
- 19.3.8. Archer-Daniels-Midland Co.
  - 19.3.8.1. Overview
  - 19.3.8.2. Product Portfolio
  - 19.3.8.3. Profitability by Market Segments (Product/Channel/Region)
  - 19.3.8.4. Sales Footprint
  - 19.3.8.5. Strategy Overview
- 19.3.9. Batory Foods
  - 19.3.9.1. Overview
  - 19.3.9.2. Product Portfolio
  - 19.3.9.3. Profitability by Market Segments (Product/Channel/Region)
  - 19.3.9.4. Sales Footprint
  - 19.3.9.5. Strategy Overview
- 19.3.10. The Scoular Company
  - 19.3.10.1. Overview
  - 19.3.10.2. Product Portfolio
  - 19.3.10.3. Profitability by Market Segments (Product/Channel/Region)
  - 19.3.10.4. Sales Footprint
  - 19.3.10.5. Strategy Overview
- 19.3.11. Others
  - 19.3.11.1. Overview
  - 19.3.11.2. Product Portfolio
  - 19.3.11.3. Profitability by Market Segments (Product/Channel/Region)
  - 19.3.11.4. Sales Footprint
  - 19.3.11.5. Strategy Overview