The global plant based protein supplements market size is projected to USD 7.84 billion by 2028, exhibiting a compound annual growth rate (CAGR) of 5.5 percent during the forecast period. Potential long-term benefits of switching to plant-based diets will play a major role in fueling the adoption of plant proteins, shared Fortune Business Insights in its report, titled “Plant Based Protein Supplements Market, 2021-2028.” The market size stood at USD 5.11 billion in 2020. A research study conducted by the Oxford Martin School under the University of Oxford in 2016 revealed that if the majority of the global population switched to fruit- and-vegetable-based diets by 2050, it could reduce greenhouse gas emissions by 67 percent. Moreover, the world could save USD 1.5 trillion in climate-related health care costs. Empirical evidence supporting vegetarianism will prove instrumental in promoting the adoption of plant based protein supplements, as protein supplements are usually derived from animal-based products. Rapid Shift Toward Healthy Food Products to Boost Market Amid COVID-19 Impact The market has experienced substantial growth due to the demand for plant-based foods amid the COVID-19 pandemic. According to a survey conducted by the Plant Based Foods Association, the U.S. retail plant-based foods sale was 35 percent [...]
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