Plant Based Supplement Market Forecast Research Reports Offers Key Insights
Fact.MR has announced the addition of the “Plant Based Supplement Market Forecast, Trend Analysis & Competition Tracking - Global Review 2018 to 2028"report to their offering.
[UKPRwire, Wed Jul 31 2019] Rise in demand of meat alternatives, increased vegan population and increased awareness around the benefits of proteins, and protein rich diet has been aiding in the increasing demand of Plant Based Supplements in recent years.
Plant Based Supplements are made from fruits, vegetables, nuts, seeds, spices, bark, flowers, leaves and other botanical ingredients. Manufacturers, generally, use variety of methods to extract Plant Based Supplements. While as synthetic or non-plant based supplements are created in laboratories or animal based supplements are derived from animal source.
Some of the examples of the Plant Based Supplements are Vitamin C, Vitamin D, and Omega 3, iron. These supplements can be extracted by plant-based sources and non-plant based sources e.g. synthetic sources or animal-based supplements sources also. Generally fruits and berries are taken as the source of Vitamin C for Plant Based Supplement, while acetone is used to extract vitamin C from non-plant based-source. Mushrooms are a great source of Vitamin D and are used in Plant Based Supplement extraction, while lanolin is a non-plant based source for vitamin D. Fish is great source of omega 3 from animal-based supplement, in comparison to Algae, which is used as a Plant Based Supplement source. Iron is extracted from Curry leaves plant or Murraya Koenigii Leaves in plant based supplement extraction, while Sulphuric Acid is non plant based source of iron.
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Various benefits are associated with Plant Based Supplements such as better bioavailability, lower toxicity rates, plant based supplements have natural smell & taste and vegan is new trend in the market which is expected to push plant based supplements.
Plant Based Supplements Market Dynamics:
Much of the world is moving towards eating vegetarian food so it is estimated to be a major driver for adoption of Plant Based Supplements. Plant Based Supplements are the alternative choice for meat consumers for their dose of protein. People adopting vegan diet are expected to adopt Plant Based Supplements. Plant Based Supplements have major advantages over its counterpart, synthetic or animal based-supplements, which could be a driver for majority of population. There is also a growing demand from Food and Beverage Industry for Plant Based Supplements. Synthetic supplements are easily available and at competitive price when compared to plant based supplements, it is expected to be restrain factor for plant based supplements. Synthetic supplements are available at very economical alternative option for Plant Based Supplements as this could be a challenge for Plant Based Supplements in the market. Developing Economies Asia, Latin America, Middle East & Africa and their inclination towards vegan diets is expected to create opportunities. Stringent regulation could act as a threat for expanding market of Plant Based Supplements.
Market segmentation for Plant Based Supplement
Global Plant Based Supplements can be segmented by product category like, antioxidants, multivitamins, protein powders, sports supplements, age based nutrition’s, products for healthy weight and blood sugar management.
Plant Based Supplement can be segmented by applications, food and beverages, nutrition & health supplements, pharmaceuticals.
Plant Based Supplements can segmented by the materials used for manufacturing like, fruits, vegetables, nuts, seeds, spices, bark, flowers, leaves and other botanical ingredients.
Plant Based Supplements can be segmented by use by targeted organs health like, bone health, brain health, eye health, heart health, joints health.
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Regional Outlook for plant based supplements:
The global Plant Based Supplement market is segmented into five major regions, namely North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. North America has major share in the global plant based Supplement market, followed by Europe, and Asia-Pacific.
Food and beverage industry is growing rapidly in North American region, which is expected to be a major market for plant based supplement. The increasing concerns over animal products and protein, increasing vegan population, growing preference for meat alternatives, increasing demand for healthy & nutritional products has made it popular in various regions of the world. However, Asia-Pacific region is expected to grow at a fast pace mainly due to large base of vegan population, increasing protein rich diet awareness, increasing health consciousness, booming food & beverages industry and growing economy. Global plant-based protein market is expected to reach USD 10,892.3 million by 2022.
Market players in plant based supplements:
Some of the players in the plant based supplements are Ora organic, Pranin Organic, Vitamer Laboratory, Orgenetics, Ion labs, Cargill Incorporated, Now foods and Dupont.
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
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