According to a report published by Fortune Business Insights, the plant-based protein supplements market will reach a valuation of US$ 7.38 Billion by the
end of 2025. The increase from the 2017 market value of US$ 4.16 Billion,
indicates a CAGR of 7.48% during the forecast period.
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LIST OF
COMPANIES PROFILED
- Danone S.A.
- Roquette
- Kerry Group
- BENEO GmbH
- Glanbia plc
- Iovate
Health Sciences International Inc.
- Amway
- Blue Diamond
Global Ingredients Division
- Transparent
Labs
- Nuzest
Dunkin
Donuts to Tweak its Breakfast Options, Company says Emphasis is now on Healthy
Plant-Based Protein Alternatives
In May 2019, ‘Dunkins’, one of the leading food chains in the
world, announced its intentions to include plant-based protein alternatives in
its breakfast. Although plant-based proteins do not necessarily mean the
inclusion of low-calorie food altogether, it involves the exclusion of meat
substances that are related to heart diseases. This has allowed to company to
look into extended options and recent advancements in sources of plant-based
proteins are favoring the company. As Dunkin’s sales have a direct impact on
the global plant-based protein supplements market, such new concepts are likely
to enable growth in the forecast period.
Momentous Launches Plant-Based Nutrition, Overwhelming Product
Feedback to Have a Massive Impact on Global Market
In 2018, Momentous announced the launch of its newest line of
plant-based protein nutrition. The company stated that the nutrition powder is
derived from pure plant-based sources and is rich in proteins, needed for
supplemental growth. It is likely that the dairy-based products used for
protein intake may soon be replaced by plant-based sources, altogether. Soon
after its launch, the company received a huge response from athletes and
related personnel worldwide. The rapid success of protein-rich plant-based
powder is likely to have a positive impact on the global market and will enable
growth in the global plant-based protein supplements market in the coming
years.
Canadian Government Announces $150 Mn Investment in Vegan
Proteins, Shows Intentions to Promote Plant-Based Proteins in the Foreseeable
Future
In November 2018, the Canadian government invested a whopping $150
Mn towards developing vegan protein sources. The huge investments, will not
only promote the usage of plant-based proteins but is likely to create over
4000 jobs in the regional industry. Recent awareness regarding risks associated
with dairy and meat sources of proteins towards heart diseases has triggered
the demand for sustainable alternatives.
It is likely that other countries will
soon follow in the footsteps of Canada and researches are already underway in many
countries across the world. Thus, the increasing demand for sustainable
plant-based protein alternatives has already encouraged many companies and
government organizations worldwide and the same is likely to enable the growth
of the global plant-based protein supplements market in the forecast period.
Read More Details in this Press Release:
https://www.fortunebusinessinsights.com/press-release/plant-based-protein-supplements-market-9072
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