Global Plant-based Protein Powders market will reach 6931 million US$ by the end of 2025

Publisher: QYResearch
Published Date: 2019/10/14

The Global Plant-based Protein Powders market size was 4533 million USD in 2018 and it is estimated to reach 6931 million USD by the end of 2025, with a CAGR of 6.3% from 2018 to 2025.

United States is still one of the major suppliers of Plant-based Protein Powders. There are enough raw materials like soybean, wheat and corn in United States. The biggest companies like Du Pont and ADM are located in United Stated and they have established many branches around the world.

With the huge amount of population, the demand of Plant-based Protein Powders is with large potential in China. After decades of development, Chinese Plant-based Protein Powders manufacturers have got mature technology. But the performance of product is still has a gap with foreign products.

The Plant-based Protein Powders production in China is estimated to surpass United States in future, due to the large investment of Chinese enterprises in recent years. But the utilization in China is still low than USA and Europe. It is clear that Chinese manufacturers will provide more products to the world.

Manufacturers are expanding the application of their products. For example, protein beverage is becoming popular worldwide. In the next few years, the demand of Plant-based Protein Powders will be larger.

Though the Plant-based Protein Powders industry is developing fast in China, the raw materials are major imported from United States, Brazil and Canada. It means that the cost and price of Plant-based Protein Powders products are sensitive to the exchange rate and the macro economy.

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