Global Plant Based Protein Supplements Market Size & Outlook
Global plant based protein supplements market, 2017-2030 (US$M)
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Global plant based protein supplements market highlights
- The global plant based protein supplements market generated a revenue of USD 2,651.6 million in 2023 and is expected to reach USD 4,618.4 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 8.2% by 2030.
- In terms of segment, soy accounted for a revenue of USD 704.9 million in 2023.
- Pumkin Seed is the most lucrative raw material segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2023.
- Country-wise, Italy is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 2,651.6 million |
| Market revenue in 2030 | USD 4,618.4 million |
| Growth rate | 8.2% (CAGR from 2023 to 2030) |
| Largest segment | Soy |
| Fastest growing segment | Pumkin Seed |
| Historical data covered | 2017 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Soy, Spirulina, Pumkin Seed, Wheat, Hemp, Rice, Pea |
Other key industry trends
- In terms of revenue, the North America accounted for 40.9% of the global plant based protein supplements market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Italy is the fastest growing regional market and is projected to reach USD 83.1 million by 2030.
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Plant Based Protein Supplements Market Scope
Plant Based Protein Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global plant based protein supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to plant based protein supplements market will help companies and investors design strategic landscapes.
Soy was the largest segment with a revenue share of 26.58% in 2023. Horizon Databook has segmented the Global plant based protein supplements market based on soy, spirulina, pumkin seed, wheat, hemp, rice, pea covering the revenue growth of each sub-segment from 2017 to 2030.
- Global Plant Based Protein Supplements Raw Material Outlook (Revenue, USD Million, 2017-2030)
- Soy
- Spirulina
- Pumkin Seed
- Wheat
- Hemp
- Rice
- Pea
- Others
- Global Plant Based Protein Supplements Product Outlook (Revenue, USD Million, 2017-2030)
- Protein Powder
- Protein Bars
- RTD
- Others
- Global Plant Based Protein Supplements Application Outlook (Revenue, USD Million, 2017-2030)
- Sports Nutrition
- Functional Foods
- Global Plant Based Protein Supplements Distribution Channel Outlook (Revenue, USD Million, 2017-2030)
- Supermarkets
- Online Stores
- DTC
- Others
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Our clientele includes a mix of plant based protein supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global plant based protein supplements market , including forecasts for subscribers. This global databook contains high-level insights into Global plant based protein supplements market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Global plant based protein supplements market size, by regions, 2017-2030 (US$M)
Top 10 countries: Plant based protein supplements market size, 2023 (US$M)
Global plant based protein supplements market share, by raw material, 2023 & 2030 (%, US$M)
Plant based protein supplements market: Opportunity assessment by country
Global plant based protein supplements market, by region, 2023 (US$M)
| Raw Material | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 863.0 | 882.6 | 942.4 | 909.0 | 1,035.4 | 963.3 | 1,084.7 | 1,163.5 | 1,250.9 | 1,347.8 | 1,455.5 | 1,575.0 | 1,707.9 | 1,855.9 | 8.0% |
| Europe | 491.5 | 499.6 | 531.4 | 511.3 | 581.0 | 538.3 | 605.0 | 646.4 | 692.1 | 742.8 | 798.9 | 861.1 | 930.0 | 1,006.4 | 7.5% |
| Asia Pacific | 484.7 | 499.6 | 538.9 | 525.7 | 605.7 | 569.1 | 648.5 | 702.5 | 762.8 | 830.0 | 905.1 | 989.1 | 1,083.1 | 1,188.5 | 9.0% |
| Latin America | 107.2 | 109.8 | 117.6 | 114.1 | 130.6 | 121.9 | 138.1 | 148.7 | 160.5 | 173.6 | 188.2 | 204.4 | 222.5 | 242.8 | 8.4% |
| MEA | 129.8 | 134.4 | 145.3 | 141.8 | 163.4 | 153.9 | 175.3 | 190.2 | 206.9 | 225.5 | 246.3 | 269.5 | 295.6 | 324.8 | 9.2% |
| Overall | 2,076.1 | 2,126.1 | 2,275.6 | 2,201.8 | 2,516.2 | 2,346.5 | 2,651.6 | 2,851.3 | 3,073.1 | 3,319.6 | 3,593.9 | 3,899.1 | 4,239.1 | 4,618.4 | 8.3% |
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