The Asia Pacific Plant-based Protein Supplements Market would witness market growth of 10.5% CAGR during the forecast period (2021-2027).
Numerous retail chains such as mass merchandisers, grocery retail outlets, and pharmacies are willing to leveraging the massive popularity of sports nutrition among consumers. Pharmacies or drugstores have appeared as a major retail segment and they currently obtain a major share of consumer health expenditure. The growth of this market would be hampered by the fact that a major portion of the population still prefers animal-based proteins and volatile raw material costs. However, rising gluten-free and soy-free trends are the key hurdles to market growth.
The Ready-to-Drink (RTD) segment would showcase a major growth rate during the forecast years. RTD supplements refer to pre-formulated drinks that can be easily consumed without the need for further mixing or preparation. RTDs provide a high dose of nutrients and can be consumed pre-workout, post-workout, or on the go. The nutrients in these beverages are easily digested by the body and they support muscle recovery and help in lean muscle development.
Factors like a surge in food sensitivities, regional dietary habits, an upsurge in the diagnosis of coeliac disease, and the notion of utilizing food as medicine are expected to surge the usage of soy-free and gluten-free food products. Moreover, the prominent countries of the region like India have a significant portion of the population that strictly follows a vegetarian diet. Due to this, the demand for plant-based protein supplements has increased in these countries, thereby propelling the demand & growth of the regional plant-based supplement market.
In addition, regional consumers are more inclined towards vegetarian food and products because of the rising awareness about the health benefits of the vegetarian way of life. Additionally, the growing demand for low-cholesterol and processed foods have created a massive demand for plant-based protein in this region. Therefore, these aspects would fuel the regional plant-based protein market.
The China market dominated the Asia Pacific Plant Based Protein Supplements Supermarket Market by Country 2020, thereby, achieving a market value of $113.4 million by 2027. The Japan market is showcasing a CAGR of 11.4% during (2021 - 2027). Additionally, The India market is anticipated to witness a CAGR of 12.7% during (2021 - 2027).
Based on Product, the market is segmented into Protein Powder, Protein Bars, Ready-to-Drink (RTD) and Others. Based on Raw Material, the market is segmented into Soy, Pea, Rice, Hemp, Spirulina, Pumpkin Seeds and Others. Based on Distribution Channel, the market is segmented into Online Stores, Supermarket and DTC & Others. Based on Application, the market is segmented into Sports Nutrition and Additional Nutrition. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Plant Based Protein Supplements Market is Projected to reach USD 9.2 Billion by 2027, at a CAGR of 8.4%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Glanbia PLC, AMCO Proteins, Quest Nutrition LLC (Atkins Nutritionals Holdings, Inc.), NOW Foods, Inc., Danone S.A., MusclePharm Corporation, Abbott Laboratories, PepsiCo, Inc., Alticor Inc. (Amway Corporation), and Kerry Group PLC.
Scope of the Study
Market Segments Covered in the Report:
By Product
- Protein Powder
- Protein Bars
- Ready-to-Drink (RTD)
- Others
By Raw Material
- Soy
- Pea
- Rice
- Hemp
- Spirulina
- Pumpkin Seeds
- Others
By Distribution Channel
- Online Stores
- Supermarket
- DTC & Others
By Application
- Sports Nutrition
- Additional Nutrition
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Malaysia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Glanbia PLC
- AMCO Proteins
- Quest Nutrition LLC (Atkins Nutritionals Holdings, Inc.)
- NOW Foods, Inc.
- Danone S.A.
- MusclePharm Corporation
- Abbott Laboratories
- PepsiCo, Inc.
- Alticor Inc. (Amway Corporation)
- Kerry Group PLC
TABLE 1 Asia Pacific Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 2 Asia Pacific Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 3 Asia Pacific Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 4 Asia Pacific Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 5 Asia Pacific Plant Based Protein Supplements Sports Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 6 Asia Pacific Plant Based Protein Supplements Sports Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 7 Asia Pacific Plant Based Protein Supplements Additional Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 8 Asia Pacific Plant Based Protein Supplements Additional Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 9 Asia Pacific Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 10 Asia Pacific Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 11 Asia Pacific Soy Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 12 Asia Pacific Soy Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 13 Asia Pacific Pea Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 14 Asia Pacific Pea Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 15 Asia Pacific Rice Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 16 Asia Pacific Rice Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 17 Asia Pacific Hemp Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 18 Asia Pacific Hemp Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 19 Asia Pacific Spirulina Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 20 Asia Pacific Spirulina Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 21 Asia Pacific Pumpkin Seeds Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 22 Asia Pacific Pumpkin Seeds Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 23 Asia Pacific Other Raw Material Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 24 Asia Pacific Other Raw Material Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 25 Asia Pacific Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 26 Asia Pacific Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 27 Asia Pacific Plant Based Protein Supplements Online Stores Market by Country, 2017 - 2020, USD Million
TABLE 28 Asia Pacific Plant Based Protein Supplements Online Stores Market by Country, 2021 - 2027, USD Million
TABLE 29 Asia Pacific Plant Based Protein Supplements Supermarket Market by Country, 2017 - 2020, USD Million
TABLE 30 Asia Pacific Plant Based Protein Supplements Supermarket Market by Country, 2021 - 2027, USD Million
TABLE 31 Asia Pacific Plant Based Protein Supplements DTC & Others Market by Country, 2017 - 2020, USD Million
TABLE 32 Asia Pacific Plant Based Protein Supplements DTC & Others Market by Country, 2021 - 2027, USD Million
TABLE 33 Asia Pacific Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 34 Asia Pacific Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 35 Asia Pacific Protein Powder Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 36 Asia Pacific Protein Powder Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 37 Asia Pacific Protein Bars Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 38 Asia Pacific Protein Bars Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 39 Asia Pacific Ready-to-Drink (RTD) Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 40 Asia Pacific Ready-to-Drink (RTD) Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 41 Asia Pacific Others Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 42 Asia Pacific Others Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 43 Asia Pacific Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 44 Asia Pacific Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 45 China Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 46 China Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 47 China Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 48 China Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 49 China Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 50 China Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 51 China Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 52 China Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 53 China Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 54 China Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 55 Japan Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 56 Japan Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 57 Japan Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 58 Japan Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 59 Japan Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 60 Japan Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 61 Japan Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 62 Japan Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 63 Japan Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 64 Japan Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 65 India Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 66 India Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 67 India Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 68 India Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 69 India Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 70 India Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 71 India Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 72 India Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 73 India Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 74 India Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 75 South Korea Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 76 South Korea Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 77 South Korea Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 78 South Korea Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 79 South Korea Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 80 South Korea Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 81 South Korea Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 82 South Korea Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 83 South Korea Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 84 South Korea Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 85 Singapore Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 86 Singapore Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 87 Singapore Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 88 Singapore Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 89 Singapore Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 90 Singapore Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 91 Singapore Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 92 Singapore Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 93 Singapore Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 94 Singapore Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 95 Malaysia Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 96 Malaysia Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 97 Malaysia Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 98 Malaysia Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 99 Malaysia Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 100 Malaysia Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 101 Malaysia Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 102 Malaysia Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 103 Malaysia Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 104 Malaysia Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 105 Rest of Asia Pacific Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 106 Rest of Asia Pacific Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 107 Rest of Asia Pacific Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 108 Rest of Asia Pacific Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 109 Rest of Asia Pacific Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 110 Rest of Asia Pacific Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 111 Rest of Asia Pacific Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 112 Rest of Asia Pacific Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 113 Rest of Asia Pacific Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 114 Rest of Asia Pacific Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 115 Key Information – Glanbia PLC
TABLE 116 Key Information – AMCO Proteins
TABLE 117 key information – Quest Nutrition LLC
TABLE 118 Key Information – NOW Foods, Inc.
TABLE 119 Key information – Danone S.A.
TABLE 120 Key Information – MusclePharm Corporation
TABLE 121 Key Information – Abbott Laboratories
TABLE 122 key information – PepsiCo, Inc.
TABLE 123 key information - Alticor Inc. (Amway Corporation)
TABLE 124 Key Information – Kerry Group PLC
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Danone S.A.
FIG 3 Recent strategies and developments: PepsiCo, Inc.
FIG 4 Recent strategies and developments: Kerry Group PLC