Plant Based Protein Supplements Market by Type (Soy Protein, Pea Protein, Wheat Protein), by By Geography (North America), by Europe (U.K., France, Germany, Spain, Italy, Belgium, Russia, Rest of Europe), by Asia Pacific (China, India, Japan, Australia, Rest of Asia Pacific), by South America (Brazil, Argentina, Rest of South America), by The Middle East and Africa (South Africa, UAE, Rest of ME&A) Forecast 2024-2032
The Plant Based Protein Supplements Marketsize was valued at USD 5.11 USD Billion in 2023 and is projected to reach USD 9.48 USD Billion by 2032, exhibiting a CAGR of 9.23 % during the forecast period.Plant protein is a protein type that come from plant source of food to nourish us. A plant-based diet might include beans family and pseudocereals (soy, tofu, tempeh, and seitan), a majority of the nuts and seeds and some cereals like, for example, peas. Pulses, a large family of plants, such as chickpeas, lentils, beans (e.g. black, kidney, and adzuki), and split peas, are sixth group of dry legumes. Moreover, Plant-based proteins have been considered highly practical in food formulations. They act as gelling, thickening, and foaming agents in addition to having emulsifier for water and fat biding activity. the eating of plant-based protein alternatives are beneficial in the struggle to maintain lower rates of cardiovascular disease, diabetes and some cancers. Plant-based eatables effortlessly contain necessary antioxidants, vitamins, and minerals that improve health assessments. Increased demand for a diet including high levels of protein, growing awareness about the health and wellness alternatives, increasing consumer focus on meat substitutes, alongside the growing demand from the foods and beverages industry, are the other significant growth drivers of the plant-based protein supplement market.
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.23% from 2018-2032 |
Segmentation |
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Aspects | Details |
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Study Period | 2018-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2018-2023 |
Growth Rate | CAGR of 9.23% from 2018-2032 |
Segmentation |
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Note* : In applicable scenarios
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