Global Market Size of Plant Based Protein Market – 10 Year Market Forecast

Food & Beverages

Plant based protein Market Size Forecast 2022-2029

 

Protein supplements derived from plants are essentially known as plant based proteins. The estimated market size for plant-based protein in 2022 is USD 41.6 Billion and is expected to reach USD 85.23 Billion in the year 2029. A CAGR of 11% is expected during this forecast period. Changing consumer preferences and a shift towards a healthier diet have led to a rise in demand for organic and nutritional food and beverages which could drive the plant-based proteins market towards growth. However, some plant-based proteins prove to be allergic. This could impact the growth of the market negatively.

Frequently Asked Questions(FAQ)

• What are the drivers for the growth of this market?

• Rise in demand for healthy, organic food and beverages are the drivers for the growth of this market.
• What are the restraints for the growth of this market?

• Allergies associated with plant based protein could be a restraint.
• What is the cumulative market size for the Plant based protein market?

• The cumulative market size for the Plant based protein market is 504.
• What is the forecast period of the Plant based protein market report?

• The forecast period of the Plant based protein market report is between 2022-2029.
• What is Global Market Database?

• Global market database studies the ongoing trends within the market and updates the market information on a quarterly basis.

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