Plant-Based Protein Supplements Market Size, Share and Forecast till 2026


Posted April 1, 2020 by meena-hinge

In November 2018, the Canadian government invested a whopping $150 Mn towards developing vegan protein sources.

 
The global plant based protein supplements market size is likely to expand at an impressive CAGR of 7.48% due to an increasing demand for vegan sources of proteins. According to a report published by Fortune Business Insights, titled ‘Plant-based Protein Supplements Market Size, Share and Global Trend by Product Type (Soy Protein, Pea Protein, Wheat Protein), Distribution Channel (Mass Merchandisers, Pharmacies/Drugstores, Specialty Stores, Online Retail), and Geography Forecast till 2025,’ the market is likely to increase due to advancements made in deriving vegan sources of protein. According to the report, Fortune Business Insights has predicted the plant based protein supplements market to reach a valuation of US$ 7.38 Billion by the end of 2025. The increase from the 2017 market value of US$ 4.16 Billion, indicates a CAGR of 7.48% during the forecast period.

Dunkin Donuts to Tweak its Breakfast Options, Company says Emphasis is now on Healthy Plant Based Protein Alternatives

In May 2019, ‘Dunkins’, one of the leading food chains in the world, announced its intentions to include plant based protein alternatives in its breakfast. Although plant based proteins do not necessarily mean inclusion of low calorie food altogether, it involves exclusion of meat substances that are related to heart diseases. This has allowed to company to look into extended options and recent advancements in sources of plant based proteins are favoring the company. As Dunkin’s sales have a direct impact on the global plant based protein supplements market, such new concepts are likely to enable growth in the forecast period.

https://www.fortunebusinessinsights.com/industry-reports/plant-based-protein-supplements-market-100082
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Issued By Fortune Business Insights™
Country India
Categories Blogging
Last Updated April 1, 2020