Plant Based Protein Supplements Market Size, Share & Trends Report

Plant Based Protein Supplements Market Size, Share & Trends Analysis Report By Raw Material (Soy, Spirulina, Pumpkin Seed, Wheat, Hemp, Rice, Pea, Others), By Product, By Distribution Channel, By Application, By Region, And Segment Forecasts, 2024 - 2030

Report ID: GVR-2-68038-764-3
Number of Pages: 145
Format: Electronic (PDF)

Historical Range: 2018 - 2022
Industry: Consumer Goods

Market Segmentation

Raw Material Outlook (Revenue, USD Million, 2018 - 2030)
- Soy
- Spirulina
- Pumpkin Seed
- Wheat
- Hemp
- Rice
- Pea
- Others
Product Outlook (Revenue, USD Million, 2018 - 2030)
- Protein Powder
- Protein Bars
- Ready to Drink
- Others
Application Outlook (Revenue, USD Million, 2018 - 2030)
- Sports Nutrition
- Functional Food
Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)
- Supermarkets & Hypermarkets
- Online Stores
- Direct to Customers (DTC)
- Others
Regional Outlook (Revenue, USD Million, 2018 - 2030)
- North America
  - North America Plant Based Protein Supplements Market, By Raw Material
    - Soy
    - Spirulina
    - Pumpkin Seed
    - Wheat
    - Hemp
    - Rice
    - Pea
    - Others
  - North America Plant Based Protein Supplements Market, By Product
    - Protein Powder
    - Protein Bars
    - Ready to Drink
    - Others
  - North America Plant Based Protein Supplements Market, By Application
    - Sports Nutrition
    - Functional Food
  - North America Plant Based Protein Supplements Market, By Distribution Channel
    - Supermarkets & Hypermarkets
    - Online Stores
    - Direct to Customers (DTC)
    - Others
  - U.S.
    - U.S. Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Wheat
      - Pumpkin Seed
      - Hemp
      - Rice
      - Pea
      - Others
    - U.S. Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - U.S. Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - U.S. Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - Canada
    - Canada Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - Canada Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - Canada Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - Canada Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - Mexico
    - Mexico Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - Mexico Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - Mexico Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - Mexico Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
- Europe
  - Europe Plant Based Protein Supplements Market, By Raw Material
    - Soy
    - Spirulina
    - Pumpkin Seed
    - Wheat
    - Hemp
    - Rice
    - Pea
    - Others
  - Europe Plant Based Protein Supplements Market, By Product
    - Protein Powder
    - Protein Bars
    - Ready to Drink
    - Others
  - Europe Plant Based Protein Supplements Market, By Application
    - Sports Nutrition
    - Functional Food
  - Europe Plant Based Protein Supplements Market, By Distribution Channel
    - Supermarkets & Hypermarkets
    - Online Stores
    - Direct to Customers (DTC)
    - Others
  - Germany
    - Germany Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - Germany Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - Germany Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - Germany Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - U.K.
    - U.K. Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - U.K. Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - U.K. Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - U.K. Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - France
    - France Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - France Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - France Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - France Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - Italy
    - Italy Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - Italy Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - Italy Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - Italy Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - Spain
    - Spain Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - Spain Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - Spain Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - Spain Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
- Asia Pacific
  - Asia Pacific Plant Based Protein Supplements Market, By Raw Material
    - Soy
    - Spirulina
    - Pumpkin Seed
    - Wheat
    - Hemp
    - Rice
    - Pea
    - Others
  - Asia Pacific Plant Based Protein Supplements Market, By Product
    - Protein Powder
    - Protein Bars
    - Ready to Drink
    - Others
  - Asia Pacific Plant Based Protein Supplements Market, By Application
    - Sports Nutrition
    - Functional Food
  - Asia Pacific Plant Based Protein Supplements Market, By Distribution Channel
    - Supermarkets & Hypermarkets
    - Online Stores
    - Direct to Customers (DTC)
    - Others
  - India
    - India Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - India Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - India Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - India Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - China
    - China Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - China Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - China Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - China Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - Japan
    - Japan Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - Japan Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - Japan Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - Japan Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - Australia & New Zealand
    - Australia & New Zealand Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - Australia & New Zealand Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - Australia & New Zealand Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - Australia & New Zealand Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - South Korea
    - South Korea Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - South Korea Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - South Korea Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - South Korea Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
- Central & South America
  - Central & South America Plant Based Protein Supplements Market, By Raw Material
    - Soy
    - Spirulina
    - Pumpkin Seed
    - Wheat
    - Hemp
    - Rice
    - Pea
    - Others
  - Central & South America Plant Based Protein Supplements Market, By Product
    - Protein Powder
    - Protein Bars
    - Ready to Drink
    - Others
  - Central & South America Plant Based Protein Supplements Market, By Application
    - Sports Nutrition
    - Functional Food
  - Central & South America Plant Based Protein Supplements Market, By Distribution Channel
    - Supermarkets & Hypermarkets
    - Online Stores
    - Direct to Customers (DTC)
    - Others
  - Brazil
    - Brazil Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - Brazil Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - Brazil Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - Brazil Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - Argentina
    - Argentina Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - Argentina Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - Argentina Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - Argentina Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
- Middle East & Africa
  - Middle East & Africa Plant Based Protein Supplements Market, By Raw Material
    - Soy
    - Spirulina
    - Pumpkin Seed
    - Wheat
    - Hemp
    - Rice
    - Pea
    - Others
  - Middle East & Africa Plant Based Protein Supplements Market, By Product
    - Protein Powder
    - Protein Bars
    - Ready to Drink
    - Others
  - Middle East & Africa Plant Based Protein Supplements Market, By Application
    - Sports Nutrition
    - Functional Food
  - Middle East & Africa Plant Based Protein Supplements Market, By Distribution Channel
    - Supermarkets & Hypermarkets
    - Online Stores
    - Direct to Customers (DTC)
    - Others
  - UAE
    - UAE Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - UAE Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - UAE Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - UAE Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - Saudi Arabia
    - Saudi Arabia Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - Saudi Arabia Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - Saudi Arabia Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - Saudi Arabia Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others
  - South Africa
    - South Africa Plant Based Protein Supplements Market, By Raw Material
      - Soy
      - Spirulina
      - Pumpkin Seed
      - Wheat
      - Hemp
      - Rice
      - Pea
      - Others
    - South Africa Plant Based Protein Supplements Market, By Product
      - Protein Powder
      - Protein Bars
      - Ready to Drink
      - Others
    - South Africa Plant Based Protein Supplements Market, By Application
      - Sports Nutrition
      - Functional Food
    - South Africa Plant Based Protein Supplements Market, By Distribution Channel
      - Supermarkets & Hypermarkets
      - Online Stores
      - Direct to Customers (DTC)
      - Others

Plant Based Protein Supplements Market Dynamics

Driver: Positive Outlook Toward Sports Nutrition Industry

Sports nutrition is a specialized field that focuses on the dietary needs of athletes and fitness enthusiasts. It encompasses a variety of nutrients, including proteins, vitamins, minerals, fats, carbohydrates, and organic substances. The products in this sector, such as sports drinks, supplements, and foods, are designed to enhance performance, stamina, muscle growth, and overall health. In recent years, nanoencapsulation and microencapsulation technologies have become increasingly popular. These techniques allow for controlled release and minimal ingredient usage, making them ideal for fortifying food and beverage products. As these technologies continue to evolve, they are expected to open up new markets for sports nutrition ingredients. There is also a growing demand for natural ingredients in sports nutrition products. This trend is driven by rising health concerns about the use of synthetic ingredients. As a result, herbal supplements are becoming more prevalent in the sports nutrition industry. These supplements offer a natural alternative to synthetic products, making them a popular choice for health-conscious athletes and fitness enthusiasts. Sports nutrition is a dynamic and evolving field that combines nutrition science, athletic performance, and innovative technologies. It plays a crucial role in supporting athletes’ health and performance, and its importance continues to grow as new research and technologies emerge.

Driver: Rising Importance Of Plant-Based Nutrition

The demand for plant-based nutrients is on the rise, largely due to the presence of phytochemicals. These biologically active compounds help protect against various forms of cancer, including those affecting the larynx, pharynx, mouth, lung, and esophagus. In Europe, there’s a growing preference for plant-based diets as more individuals are becoming vegan, vegetarian, or flexitarian (those who primarily follow a vegetarian diet but occasionally consume fish or meat). This shift is expected to drive the demand for plant-based protein supplements. Moreover, the demand for vegan and vegetarian products that offer quality nutrition without relying on dairy or meat is increasing. Coupled with innovations in alternative protein products, this trend is expected to create new growth opportunities.

In 2015, the World Health Organization classified processed meats as class 1 carcinogens and red meat as a probable cause of cancer. It’s estimated that 70% of antibiotics in the U.S. and 45% in the UK are used on livestock, potentially leading to antibiotic-resistant infections. With increasing awareness of the benefits of a low-meat diet and a shift towards flexitarian, vegetarian, and vegan diets, the demand for plant-based protein supplements is expected to accelerate.

Restraint: Fluctuating Raw Material Prices

The prices of raw materials, including soybean, are volatile due to supply and demand constraints, impacting the prices of protein supplements. Soybean, a major raw material for soy proteins and soybean oil, has prices closely tied to ethanol and crude oil prices. Over 30% of produced soybean is used for biofuel manufacturing, 25% in the food industry, and the rest in industrial processes like feed and vegetable oil production. Factors such as growing demand from the food & beverage industry, increasing biofuel production, and the popularity of soybean-based personal care & cosmetic products are expected to affect soybean prices. Soy protein is losing market share in Europe due to the crop’s genetic modification. Deforestation in South America for soy cultivation raises sustainability concerns, acting as key restraints for soy protein use in the plant protein market. In 2008, soybean prices were USD 629.4 per ton, fell to USD 375.9 per ton in 2010, and rose to USD 610.1 per ton in 2013. These fluctuations in raw material prices pose challenges to the growth of the soy protein market.

What Does This Report Include?

This section will provide insights into the contents included in this plant based protein supplements market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Plant based protein supplements market qualitative analysis

Industry overview
Industry trends
Market drivers and restraints
Market size
Growth prospects
Porter’s analysis
PESTEL analysis
Key market opportunities prioritized
Competitive landscape
- Company overview
- Financial performance
- Product benchmarking
- Latest strategic developments

Plant based protein supplements market quantitative analysis

Market size, estimates, and forecast from 2018 to 2030
Market estimates and forecast for product segments up to 2030
Regional market size and forecast for product segments up to 2030
Market estimates and forecast for application segments up to 2030
Regional market size and forecast for application segments up to 2030
Company financial performance

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