The North America Plant-based Protein Supplements Market would witness market growth of 7.2% CAGR during the forecast period (2021-2027).
The demand for the plant-based protein supplement products market is driven by the growing awareness regarding the advantages of healthy food products and the surge in the number of people adopting vegan diets. In addition to it, some of the catalysts for the market growth include growing health consciousness, a surge in disposable income, and awareness toward chemical-free products. Conversely, one of the major challenges for the market players operating in this market is the huge cost in comparison to traditional milk/milk-based products and the popularity of low-cholesterol, and low-fat traditional milk/milk-based products. The market would witness new growth avenues due to the increasing lactose intolerance and surge in demand for soy, almond, and rice proteins for the plant-based protein supplement market.
The demand in the U.S. would grow at a gradual rate during the forecast period due to the growing consumption of sports nutrition supplements. Moreover, increasing concerns about weight management along with the rising consumer awareness regarding the consumption of a nutritious diet and keeping up a healthy lifestyle would fuel the growth of the regional market during the forecast period.
Due to the heavy investments in the market by product makers in enhancing the capability of processing units, the North American region is boosting the growth of the plant-based protein market. The region is popular for being a major producer of various sources such as wheat, soy, and pea, with the total production of the region leading the worldwide export market. In addition to it, the rising adoption of veganism in the region would further propel the growth and demand for the plant-based protein supplements market. Moreover, the consumers are highly willing to adopt vegan diets due to the growing cases of obesity, cardiovascular disorders, and diabetes among the regional population.
Also, the region is home to some of the leading market players which would further augment the growth of the market during the forecast period. Additionally, the demand for plant proteins is increasing at a rapid pace, due to the shifting lifestyles, low consumption of balanced diet, and surge in the number of R&D activities to create new types of plant-protein products.
The US market dominated the North America Plant Based Protein Supplements Additional Nutrition Market by Country 2020, and would continue to be a dominant market till 2027; thereby, achieving a market value of $825.8 million by 2027. The Canada market is experiencing a CAGR of 12.3% during (2021 - 2027). Additionally, The Mexico market would witness a CAGR of 11.4% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Plant Based Protein Supplements Market is Estimated 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
- US
- Canada
- Mexico
- Rest of North America
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
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Plant Based Protein Supplements Market, by Product
1.4.2 North America Plant Based Protein Supplements Market, by Raw Material
1.4.3 North America Plant Based Protein Supplements Market, by Distribution Channel
1.4.4 North America Plant Based Protein Supplements Market, by Application
1.4.5 North America Plant Based Protein Supplements Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. North America Plant Based Protein Supplements Market by Application
3.1 North America Plant Based Protein Supplements Sports Nutrition Market by Country
3.2 North America Plant Based Protein Supplements Additional Nutrition Market by Country
Chapter 4. North America Plant Based Protein Supplements Market by Raw Material
4.1 North America Soy Plant Based Protein Supplements Market by Country
4.2 North America Pea Plant Based Protein Supplements Market by Country
4.3 North America Rice Plant Based Protein Supplements Market by Country
4.4 North America Hemp Plant Based Protein Supplements Market by Country
4.5 North America Spirulina Plant Based Protein Supplements Market by Country
4.6 North America Pumpkin Seeds Plant Based Protein Supplements Market by Country
4.7 North America Other Raw Material Plant Based Protein Supplements Market by Country
Chapter 5. North America Plant Based Protein Supplements Market by Distribution Channel
5.1 North America Plant Based Protein Supplements Online Stores Market by Country
5.2 North America Plant Based Protein Supplements Supermarket Market by Country
5.3 North America Plant Based Protein Supplements DTC & Others Market by Country
Chapter 6. North America Plant Based Protein Supplements Market by Product
6.1 North America Protein Powder Plant Based Protein Supplements Market by Country
6.2 North America Protein Bars Plant Based Protein Supplements Market by Country
6.3 North America Ready-to-Drink (RTD) Plant Based Protein Supplements Market by Country
6.4 North America Others Plant Based Protein Supplements Market by Country
Chapter 7. North America Plant Based Protein Supplements Market by Country
7.1 US Plant Based Protein Supplements Market
7.1.1 US Plant Based Protein Supplements Market by Application
7.1.2 US Plant Based Protein Supplements Market by Raw Material
7.1.3 US Plant Based Protein Supplements Market by Distribution Channel
7.1.4 US Plant Based Protein Supplements Market by Product
7.2 Canada Plant Based Protein Supplements Market
7.2.1 Canada Plant Based Protein Supplements Market by Application
7.2.2 Canada Plant Based Protein Supplements Market by Raw Material
7.2.3 Canada Plant Based Protein Supplements Market by Distribution Channel
7.2.4 Canada Plant Based Protein Supplements Market by Product
7.3 Mexico Plant Based Protein Supplements Market
7.3.1 Mexico Plant Based Protein Supplements Market by Application
7.3.2 Mexico Plant Based Protein Supplements Market by Raw Material
7.3.3 Mexico Plant Based Protein Supplements Market by Distribution Channel
7.3.4 Mexico Plant Based Protein Supplements Market by Product
7.4 Rest of North America Plant Based Protein Supplements Market
7.4.1 Rest of North America Plant Based Protein Supplements Market by Application
7.4.2 Rest of North America Plant Based Protein Supplements Market by Raw Material
7.4.3 Rest of North America Plant Based Protein Supplements Market by Distribution Channel
7.4.4 Rest of North America Plant Based Protein Supplements Market by Product
Chapter 8. Company Profiles
8.1 Glanbia PLC
8.1.1 Company Overview
8.1.2 Financial Analysis
8.1.3 Segmental and Regional Analysis
8.1.4 Research & Development Expense
8.2 AMCO Proteins
8.2.1 Company Overview
8.3 Quest Nutrition LLC (Atkins Nutritionals Holdings, Inc.)
8.3.1 Company Overview
8.4 NOW Foods, Inc.
8.4.1 Company Overview
8.5 Danone S.A.
8.5.1 Company Overview
8.5.1 Financial Analysis
8.5.2 Segmental and Regional Analysis
8.5.3 Research & Development Expense
8.5.4 Recent strategies and developments:
8.5.4.1 Partnerships, Collaborations, and Agreements:
8.5.4.2 Product Launches and Product Expansions:
8.5.4.3 Acquisition and Mergers:
8.5.4.4 Geographical Expansions:
8.6 MusclePharm Corporation
8.6.1 Company Overview
8.6.2 Financial Analysis
8.6.3 Regional Analysis
8.6.4 Recent strategies and developments:
8.6.4.1 Product Launches and Product Expansions:
8.7 Abbott Laboratories
8.7.1 Company Overview
8.7.2 Financial Analysis
8.7.3 Segmental and Regional Analysis
8.7.4 Research & Development Expense
8.8 PepsiCo, Inc.
8.8.1 Company Overview
8.8.2 Financial Analysis
8.8.3 Segmental and Regional Analysis
8.8.4 Research & Development Expense
8.8.5 Recent strategies and developments:
8.8.5.1 Partnerships, Collaborations, and Agreements:
8.8.5.2 Product Launches and Product Expansions:
8.8.5.3 Acquisition and Mergers:
8.9 Alticor Inc. (Amway Corporation)
8.9.1 Company Overview
8.10. Kerry Group PLC
8.10.1 Company Overview
8.10.2 Financial Analysis
8.10.3 Segmental and Regional Analysis
8.10.4 Research & Development Expense
8.10.5 Recent strategies and developments:
8.10.5.1 Acquisition and Mergers:
8.10.5.2 Product Launches and Product Expansions:
TABLE 1 North America Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 2 North America Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 3 North America Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 4 North America Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 5 North America Plant Based Protein Supplements Sports Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 6 North America Plant Based Protein Supplements Sports Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 7 North America Plant Based Protein Supplements Additional Nutrition Market by Country, 2017 - 2020, USD Million
TABLE 8 North America Plant Based Protein Supplements Additional Nutrition Market by Country, 2021 - 2027, USD Million
TABLE 9 North America Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 10 North America Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 11 North America Soy Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 12 North America Soy Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 13 North America Pea Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 14 North America Pea Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 15 North America Rice Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 16 North America Rice Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 17 North America Hemp Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 18 North America Hemp Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 19 North America Spirulina Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 20 North America Spirulina Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 21 North America Pumpkin Seeds Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 22 North America Pumpkin Seeds Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 23 North America Other Raw Material Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 24 North America Other Raw Material Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 25 North America Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 26 North America Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 27 North America Plant Based Protein Supplements Online Stores Market by Country, 2017 - 2020, USD Million
TABLE 28 North America Plant Based Protein Supplements Online Stores Market by Country, 2021 - 2027, USD Million
TABLE 29 North America Plant Based Protein Supplements Supermarket Market by Country, 2017 - 2020, USD Million
TABLE 30 North America Plant Based Protein Supplements Supermarket Market by Country, 2021 - 2027, USD Million
TABLE 31 North America Plant Based Protein Supplements DTC & Others Market by Country, 2017 - 2020, USD Million
TABLE 32 North America Plant Based Protein Supplements DTC & Others Market by Country, 2021 - 2027, USD Million
TABLE 33 North America Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 34 North America Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 35 North America Protein Powder Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 36 North America Protein Powder Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 37 North America Protein Bars Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 38 North America Protein Bars Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 39 North America Ready-to-Drink (RTD) Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 40 North America Ready-to-Drink (RTD) Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 41 North America Others Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 42 North America Others Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 43 North America Plant Based Protein Supplements Market by Country, 2017 - 2020, USD Million
TABLE 44 North America Plant Based Protein Supplements Market by Country, 2021 - 2027, USD Million
TABLE 45 US Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 46 US Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 47 US Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 48 US Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 49 US Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 50 US Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 51 US Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 52 US Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 53 US Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 54 US Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 55 Canada Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 56 Canada Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 57 Canada Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 58 Canada Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 59 Canada Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 60 Canada Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 61 Canada Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 62 Canada Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 63 Canada Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 64 Canada Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 65 Mexico Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 66 Mexico Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 67 Mexico Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 68 Mexico Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 69 Mexico Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 70 Mexico Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 71 Mexico Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 72 Mexico Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 73 Mexico Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 74 Mexico Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 75 Rest of North America Plant Based Protein Supplements Market, 2017 - 2020, USD Million
TABLE 76 Rest of North America Plant Based Protein Supplements Market, 2021 - 2027, USD Million
TABLE 77 Rest of North America Plant Based Protein Supplements Market by Application, 2017 - 2020, USD Million
TABLE 78 Rest of North America Plant Based Protein Supplements Market by Application, 2021 - 2027, USD Million
TABLE 79 Rest of North America Plant Based Protein Supplements Market by Raw Material, 2017 - 2020, USD Million
TABLE 80 Rest of North America Plant Based Protein Supplements Market by Raw Material, 2021 - 2027, USD Million
TABLE 81 Rest of North America Plant Based Protein Supplements Market by Distribution Channel, 2017 - 2020, USD Million
TABLE 82 Rest of North America Plant Based Protein Supplements Market by Distribution Channel, 2021 - 2027, USD Million
TABLE 83 Rest of North America Plant Based Protein Supplements Market by Product, 2017 - 2020, USD Million
TABLE 84 Rest of North America Plant Based Protein Supplements Market by Product, 2021 - 2027, USD Million
TABLE 85 Key Information – Glanbia PLC
TABLE 86 Key Information – AMCO Proteins
TABLE 87 key information – Quest Nutrition LLC
TABLE 88 Key Information – NOW Foods, Inc.
TABLE 89 Key information – Danone S.A.
TABLE 90 Key Information – MusclePharm Corporation
TABLE 91 Key Information – Abbott Laboratories
TABLE 92 key information – PepsiCo, Inc.
TABLE 93 key information - Alticor Inc. (Amway Corporation)
TABLE 94 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