Plant-based Protein Powders Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions and By Key Players: ADM, Cargill, DuPont, Kerry Group, Manildra

Registering a CAGR of 7.7% over the forecast period of 2022-2027, the global Plant-based Protein Powders market is anticipated to reach the market value of US$ 16.2 billion in the year 2027 from US$ 10.6 million in the year 2021.

Plant-based Protein Powders Market Overview

The high growth of the Plant-based Protein Powders market is mainly attributed to rising interest in plant-based nutrition, positive outlook towards sports and health nutrition industry, increasing inclination towards a vegan diet, and increasing demand for personalized nutrition.Plant based protein products have attracted the spotlight with numerous brands launching offerings suited for food service and retail distribution. The growth in the global population of vegans and vegetarians also has made Plant-based Protein Powders viable for commercialization. Even people who eat meat or dairy products are showing willingness to adopt plant-based protein kits.

Over the next few years, there is likely to be major growth in consumer preference for organic food items. Protein manufacturers and suppliers are tailoring their product offerings to meet this customer demand. Due to high-profit margins and rising desire for natural and plant-based products, more companies are joining the organic protein sector.The report aspects discussed the profile of the top manufacturers of the global Plant-based Protein Powders market. These aspects include the financial status of major companies, trending advancements and the entire market scenario. Growth of the report has examined Plant-based Protein Powders Market production, demand and growth potential, geographic analysis, as well as current market developments in various regions and countries.

Who are the Major Players in Plant-based Protein Powders Market?

The global Plant-based Protein Powders include the identification and analysis of the various market participants competing in the global market. Prominent competitors include ADM, Cargill, DuPont, Kerry Group, Manildra, Roquette, Tereos, Axiom Foods, Cosucra, CHS, Glanbia Nutritionals, Glico Nutrition, Gushen Group, and Others.

Industry News:

ADM Completes Acquisition of Sojaprotein, Strengthening Plant Based-Protein Capabilities

November 29, 2021: ADM (NYSE: ADM), a global leader in nutrition and agricultural origination and processing, announced that it has completed its acquisition of Sojaprotein, a leading European provider of non-GMO soy ingredients. The addition represents a significant expansion of ADM’s global alternative protein capabilities and its ability to meet growing demand for plant-based foods and beverages.

What are the major Applications, Types and Regions for Plant-based Protein Powders Market?

By Type, it is segmented into

• Soy Protein


• Wheat Protein


• Pea Protein


• Others

Soy protein dominated the market with a share of over 60.5% in 2021.

By Application, it is segmented into

• Food & Beverages


• Pharmaceuticals & Personal Care


• Animal Feed


• Others

Plant-based Protein Powders Market Regional Analysis

North America was the largest regional market in 2021 with a share of over 51.5% owing to the high demand for Plant-based Protein Powders in countries such as Canada and the U.S. In addition, a strong foothold of major market players, coupled with the easy availability of raw materials, is expected to fuel the market growth.North America, led by the United States is the dominant market for Plant-based Protein Powders. Higher awareness about veganism and an expanding population of vegetarians, coupled with dedicated promotional campaigns for television and social media is propelling the market through 2027.Also, the growing concern in the US in terms of obesity and weight management, and consumer demands to better manage hectic lifestyles have created a conducive environment for Plant-based Protein Powders sales. Also, investments into research for sports nutrition, and demand from athletes and the health and wellness sector bolsters overall demand.

• North America
  
  
  
  
  • US
  
  
  • Canada
  
  
  
  


• Europe
  
  
  
  • Germany
  
  
  • France
  
  
  • UK
  
  
  • Italy
  
  
  • Spain
  
  
  • Rest of Europe
  
  
  
  


• Asia-Pacific
  
  
  
  • China
  
  
  • Japan
  
  
  • India
  
  
  • Australia
  
  
  • South Korea
  
  
  • Rest of Asia-Pacific
  
  
  
  


• Rest of the World
  
  
  
  • Middle East & Africa
  
  
  • Latin America
  
  
  
  

The Plant-based Protein Powders Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Plant-based Protein Powders Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.

What is our Plant-based Protein Powders Market report scope?

Key Takeaways from this Plant-based Protein Powders Report

• Evaluate Plant-based Protein Powders market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industries verticals.


• Understand the different dynamics influencing the market - growth driving factors, specific challenges, and hidden opportunities.


• Get in-depth insights on your competitor's performance – revenue, shares, business strategies, financial benchmarking, product benchmarking, SWOT analysis, and more.


• Analyze the sales and distribution channels across geographies to enhance top-line revenues.


• Understand the demanding supply chain with a deep dive on the value augmentation at each, in order to optimize value and bring efficiencies in your processes.


• Get a quick outlook on the Plant-based Protein Powders market entropy - M&As, deals, partnerships, product launches of all key players for the past 4 years.


• Evaluate the import-export statistics, supply-demand, and competitive landscape for more than the top 20 countries globally for the market.

Frequently Asked Questions

What is the study period of this market?

The Plant-based Protein Powders Market is studied from 2017 - 2027.

What is the growth rate of Plant-based Protein Powders Market?

The Plant-based Protein Powders Market is growing at a CAGR of 7.7% over the next 5 years.

Who are the leading key players in Plant-based Protein Powders Market?

ADM, Cargill, DuPont, Kerry Group, Manildra, Roquette, Tereos, Axiom Foods, Cosucra, CHS, Glanbia Nutritionals, Glico Nutrition, Gushen Group, and Others.

What regions regions does this Plant-based Protein Powders Market report covers?

North America (the United States, Canada, and Mexico)

Europe (Germany, France, UK, Russia, and Italy)

Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)

South America (Brazil, Argentina, Colombia, etc.)

The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)

What are the significant types of Plant-based Protein Powders Market?

Soy Protein, Wheat Protein, Pea Protein, Others

What are the significant Applications of Plant-based Protein Powders Market?

Food & Beverages, Pharmaceuticals & Personal Care, Animal Feed, Others

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