$ 9.57 Billion Herbal Protein Supplements Market by Type (Soy Protein, Rice Protein), Form (Powder, RTD), Application (Sports Nutrition, Supplementary Nutrition) – Global Forecast to 2027 – ResearchAndMarkets.com

DUBLIN – (BUSINESS WIRE) – The “Herbal Protein Supplements Market By Type (Soy Protein, Rice Protein), Form (Powder, RTD), Application (Sports Nutrition, Supplemental Nutrition), and Distribution Channel (Hypermarket / Supermarket, E-Commerce, Pharmacies) – Report” Global Forecast until 2027 “was added to ResearchAndMarkets.com to offer.

The herbal protein supplements market is forecast to grow at a CAGR of 7.8% from 2020 to 2027 to reach $ 9.57 billion by 2027.

The growth of this market is mainly due to the growing interest in plant-based nutrition, the growing importance of sports and health nutrition, the increasing propensity for vegan nutrition and the increasing demand for personalized nutrition.

In addition, increasing demand from emerging markets in Asia-Pacific, Latin America, the Middle East and Africa, as well as the launch of new plant-based protein supplements, are expected to create lucrative opportunities for those involved in this market. However, the preference for whey-based protein supplements and the increasing preference for free labeled (soy and gluten free) products are expected to hamper the growth of this market.

By Art, the soy protein segment had the largest share of the total herbal protein supplements market in 2020. The leading position of this segment is mainly attributed to the easy availability of the raw material for soy protein and the cost-effectiveness compared to other sources of protein supplements, a higher nutritional value than other sources and a higher acceptance among consumers. However, the pea protein segment is expected to grow at the fastest CAGR over the forecast period.

In terms of shape, the powder proteins segment accounted for the largest share of the total vegetable protein supplements market in 2020. The largest share of this segment is mainly due to the higher demand with easy handling and transport, economy and ability to avoid costly formulation errors and competence to maintain the stability of the ingredient. However, due to the growing popularity of convenience and ready-to-drink beverages, the ready-to-drink segment is expected to grow at the fastest CAGR over the forecast period.

According to the filing, the sports nutrition segment had the largest share of the total vegetable protein supplements market in 2020. The large share of this segment is mainly due to the increased development of new products, the increasing number of young people embarking on a career in sports, and advancement at national and international sporting events. This segment is also expected to grow at the fastest CAGR during the forecast period as there is a rise in awareness of the benefits of a balanced and nutritious diet in minimizing muscle tone and athlete endurance.

In terms of sales channel, the modern food segment had the largest share of the total vegetable protein supplements market in 2020. The large share of this market is mainly due to the huge base of supermarkets and hypermarkets and the increasing consumer preference for shopping at such outlets. However, the online retail segment is expected to grow at the fastest CAGR over the forecast period.

Geographically, North America had the largest share of the total herbal protein supplements market in 2020. North America’s prominent position in the herbal protein supplement market is primarily due to the high demand for nutritional supplements, a focus on healthy lifestyles, established nutraceutical and functional food industries, and growing health and wellness and clean label trends.

However, the Asia-Pacific region is developing and expanding at a significant pace. Among other regional markets, the Asia-Pacific region is showing signs of strong growth in the near future.

Market dynamics

driver

  • Growing interest in a plant-based diet

  • Positive outlook for the sports and health nutrition industry

  • Increasing propensity for a vegan diet

  • Growing demand for personalized nutrition

Restrictions

  • Preference for whey-based nutritional supplements

  • Growing preference for soy and gluten-free products

opportunities

  • Emerging Markets in Asia Pacific, Latin America, the Middle East and Africa

  • Increased product launches of herbal protein supplements

Trends

  • Growing preference for online purchases

The major players in the Herbal Protein Supplements Market are

  • Glanbia plc. (Ireland)

  • Now Health Group Inc. (USA)

  • Nutiva Inc (USA)

  • The Simply Good Food Co (USA)

  • Iovate Health Sciences International Inc. (Canada)

  • MusclePharm Corporation (USA)

  • Kerry Group Plc (Ireland)

  • CytoSport Inc. (USA)

  • The Nature’s Bounty Co. (USA)

  • Reliance Vitamin Company Inc. (USA)

  • Herbalife Nutrition Inc. (USA)

  • Danone SA (France)

  • General Nutrition Centers (GNC) Holdings Inc. (USA)

  • Orgain Inc. (USA)

  • True nutrition (USA).

Please visit https://www.researchandmarkets.com/r/taupiw for more information on this report

$ 9.57 Billion Herbal Protein Supplements Market by Type (Soy Protein, Rice Protein), Form (Powder, RTD), Application (Sports Nutrition, Supplementary Nutrition) – Global Forecast to 2027 – ResearchAndMarkets.com See more on: AmericanChiro

from American Chiropractors Directory and News – Feed https://www.americanchiropractors.org/nutrition/9-57-billion-herbal-protein-supplements-market-by-type-soy-protein-rice-protein-form-powder-rtd-application-sports-nutrition-supplementary-nutrition-global-forecast-to-2027-researchan/

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