The Latin America, Middle East and Africa Plant-based Protein Supplements Market would witness market growth of 13.1% CAGR during the forecast period (2021-2027).
Factors such as the high requirement for protein, the massive growth of the population, booming economy, and rising health concern among consumers are expected to boost the demand for plant proteins in the African region. In addition to it, many research & development activities are taking place in the plant-based protein market in order to bring innovation. This factor is acting as a key catalyst for the growth of the regional market.
The major consumers of plant-based protein are sportspersons, weight-conscious and health-conscious individuals, and other adult age groups. These consumers comprise of a major portion of the population of this region which would boost the demand & growth of the plant-based protein market during the forecast period.
Central and South America obtained a prominent revenue share of the global plant-based protein supplements market in 2020. The market would witness a substantial growth rate during the forecast period due to the increasing number of health clubs and fitness centers in economies such as Argentina and Brazil. Moreover, the growth of the regional market would be fueled by the existence of various key players along with the high accessibility of raw materials such as soybean.
The Brazil market dominated the LAMEA Ready-to-Drink (RTD) Plant Based Protein Supplements Market by Country 2020, thereby, achieving a market value of $24.2 million by 2027. The Argentina market would witness a CAGR of 14.9% during (2021 - 2027). Additionally, The UAE market is expected to witness a CAGR of 13.9% 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 Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Plant Based Protein Supplements Market is Predict to reach $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
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
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 LAMEA Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 2 LAMEA Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 3 LAMEA Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 4 LAMEA Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 5 LAMEA Plant Based Protein Supplements Sports Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 6 LAMEA Plant Based Protein Supplements Sports Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 7 LAMEA Plant Based Protein Supplements Additional Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 8 LAMEA Plant Based Protein Supplements Additional Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 9 LAMEA Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 10 LAMEA Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 11 LAMEA Soy Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 12 LAMEA Soy Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 13 LAMEA Pea Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 14 LAMEA Pea Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 15 LAMEA Rice Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 16 LAMEA Rice Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 17 LAMEA Hemp Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 18 LAMEA Hemp Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 19 LAMEA Spirulina Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 20 LAMEA Spirulina Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 21 LAMEA Pumpkin Seeds Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 22 LAMEA Pumpkin Seeds Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 23 LAMEA Other Raw Material Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 24 LAMEA Other Raw Material Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 25 LAMEA Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 26 LAMEA Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 27 LAMEA Plant Based Protein Supplements Online Stores Market by Country, 2017 - 2020, USD Million
TABLE 28 LAMEA Plant Based Protein Supplements Online Stores Market by Country, 2021 - 2027, USD Million
TABLE 29 LAMEA Plant Based Protein Supplements Supermarket Market by Country, 2017 - 2020, USD Million
TABLE 30 LAMEA Plant Based Protein Supplements Supermarket Market by Country, 2021 - 2027, USD Million
TABLE 31 LAMEA Plant Based Protein Supplements DTC & Others Market by Country, 2017 - 2020, USD Million
TABLE 32 LAMEA Plant Based Protein Supplements DTC & Others Market by Country, 2021 - 2027, USD Million
TABLE 33 LAMEA Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 34 LAMEA Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 35 LAMEA Protein Powder Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 36 LAMEA Protein Powder Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 37 LAMEA Protein Bars Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 38 LAMEA Protein Bars Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 39 LAMEA Ready-to-Drink (RTD) Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 40 LAMEA Ready-to-Drink (RTD) Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 41 LAMEA Others Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 42 LAMEA Others Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 43 LAMEA Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 44 LAMEA Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 45 Brazil Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 46 Brazil Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 47 Brazil Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 48 Brazil Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 49 Brazil Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 50 Brazil Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 51 Brazil Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 52 Brazil Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 53 Brazil Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 54 Brazil Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 55 Argentina Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 56 Argentina Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 57 Argentina Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 58 Argentina Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 59 Argentina Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 60 Argentina Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 61 Argentina Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 62 Argentina Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 63 Argentina Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 64 Argentina Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 65 UAE Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 66 UAE Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 67 UAE Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 68 UAE Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 69 UAE Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 70 UAE Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 71 UAE Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 72 UAE Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 73 UAE Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 74 UAE Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 75 Saudi Arabia Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 76 Saudi Arabia Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 77 Saudi Arabia Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 78 Saudi Arabia Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 79 Saudi Arabia Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 80 Saudi Arabia Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 81 Saudi Arabia Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 82 Saudi Arabia Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 83 Saudi Arabia Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 84 Saudi Arabia Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 85 South Africa Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 86 South Africa Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 87 South Africa Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 88 South Africa Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 89 South Africa Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 90 South Africa Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 91 South Africa Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 92 South Africa Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 93 South Africa Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 94 South Africa Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 95 Nigeria Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 96 Nigeria Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 97 Nigeria Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 98 Nigeria Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 99 Nigeria Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 100 Nigeria Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 101 Nigeria Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 102 Nigeria Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 103 Nigeria Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 104 Nigeria Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 105 Rest of LAMEA Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 106 Rest of LAMEA Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 107 Rest of LAMEA Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 108 Rest of LAMEA Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 109 Rest of LAMEA Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 110 Rest of LAMEA Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 111 Rest of LAMEA Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 112 Rest of LAMEA Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 113 Rest of LAMEA Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 114 Rest of LAMEA 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