Plant-Based Protein Supplements Market , 2023 – 2032

The plant-based protein supplements market, valued at 8.64 billion in 2022, is projected to expand at a compound annual growth rate (CAGR) of 6.2% over the forecast period, driven primarily by the increasing prevalence of vegan and vegetarian lifestyles. This trend stems from consumers' desire to fulfill their nutritional requirements without resorting to animal-derived sources, thereby propelling the demand for plant-based protein supplements. Heightened awareness regarding the health advantages associated with plant-based diets further stimulates this demand, as consumers become more mindful of their dietary choices and their consequent impact on overall well-being.