Plant-Based Protein Powder Market is estimated to Grow at the Highest Growth Rate till 2023
Nov 26, 2020: The global plant-based protein powder market is set to grow at a higher CAGR by 2023 owing to rise in geriatric population and simultaneous need for nutritional supplement. Population in developed countries is now shifting to vegan diet from pills and capsules. Rather, vegetable based protein pills and capsules are gaining a wider attention and is popular among all age groups. Factors such as rise in consumer awareness for vegan diet and rising incidences of cardiovascular diseases and diabetes owing to over consumption of meat products is likely to propel the commercial growth. Rise in concerns pertaining to lactose intolerance and glutamic disorders in the developed economies is more likely to supplement the vertical growth. Rise in popularity of soy products and soy supplements are gaining a heavy traction leading to rise in demand. Product segmentation comprises protein bar and protein powder. Plant-based protein powder market accounts for a significant shar...