Plant-Based Protein Supplements Market – Global Industry, Analysis, Size, Share, Trends, and Forecas

The plant-based protein supplements market, valued at $8.64 billion in 2022, is projected to grow at a Compound Annual Growth Rate (CAGR) of 6.2% over the forecast period. This growth is primarily fueled by the increasing adoption of vegan and vegetarian lifestyles. People embracing plant-based diets are turning to protein supplements to fulfill their nutritional requirements without relying on animal-derived sources. A heightened awareness of the health advantages linked with plant-based diets is also propelling the demand for such supplements. Moreover, the fitness and sports nutrition sector is experiencing a surge in interest in plant-based protein supplements, as athletes and fitness enthusiasts integrate them into their routines to bolster muscle recovery, endurance, and overall performance. Notably, plant-based protein supplements often cater to individuals with allergies, as they are typically allergen-free, addressing concerns associated with common allergens like dairy and soy. Additionally, they are perceived as easily digestible, appealing to a wider consumer base. Sustainability concerns are further driving the shift toward plant-based diets, with plant-based protein supplements boasting a lower environmental footprint compared to their animal-derived counterparts, thereby attracting environmentally conscious consumers.