Plant-based Protein Supplements Market Worth $9.57 Billion by 2027, Growing at a CAGR of 7.8% From 2020- Exclusive Report by Meticulous Research : vimarsana.com
Plant-based Protein Supplements Market Worth $9.57 Billion by 2027, Growing at a CAGR of 7.8% From 2020- Exclusive Report by Meticulous Research "Plant-Based Protein Supplements Market by Type (Soy Protein, Rice Protein), Form (Powder, RTD), Application (Sports Nutrition, Additional Nutrition), and Distribution Channel (Hypermarket/Supermarket, E-Commerce, Pharmacies) - Global Forecast To 2027", published by Meticulous Research , the plant-based protein supplements market is expected to reach $9.57 billion by 2027, at a CAGR of 7.8% during the forecast period of 2020 to 2027. Download Free Sample Report Now @ https://www.meticulousresearch.com/download-sample-report/cp_id=5143 The retail sales of plant-based food and beverage products have significantly outpaced overall grocery sales in recent years. The growing market for plant-based foods, along with the rising demand for protein supplements, has caused a surge in demand for plant-based protein supplements. Plant-based proteins are essential macronutrients that help maintain muscle and bone health and strengthen the immune system. The growth of the overall plant-based protein supplements market is mainly attributed to the consumers' rising interest in plant-based nutrition, a positive outlook towards the sports and health nutrition industries, increasing inclination towards the vegan diet, and increasing demand for personalized nutrition. Moreover, emerging economies in Asia-Pacific, Latin America, and the Middle East & Africa and the increased new product launches of plant-based protein supplements are expected to create growth opportunities for this market. However, the preference for whey-based protein supplements and the growing preference for soy- and gluten-free products are factors expected to hinder the growth of this market.