The global seed protein supplements market grew at a CAGR of around 8% during 2015-2020. Seed protein supplements comprise of food products and beverages that contain plant-based protein extracts. These supplements are widely available in the form of protein powder, energy bars, nutritional snacks, ready-to-drink (RTD) beverages, etc. Seed protein supplements are generally produced by processing hemp seeds, pumpkin seeds, and sunflower seeds, thereby offering a vegan alternative to animal-derived protein sources. These supplements provide numerous health benefits in enhancing metabolism, improving body composition, reducing fatigue, mitigating the risk of cardiovascular diseases, etc.
The expanding sports nutrition sector is primarily driving the demand for seed protein supplements among athletes, professional bodybuilders, sports personnel, etc. Furthermore, the prevalent trend of veganism, along with the rising shift from high-calorie food products towards a protein-rich diet, is propelling the market growth. In line with this, the introduction of numerous vegan supplements containing similar protein content as that of their animal-based counterparts is also augmenting the demand for seed protein supplements. Moreover, several international sports clubs and teams have come forward to promote the trend of veganism in accordance with numerous animal protection initiatives, thereby further augmenting the demand for plant-based and vegan supplements. Apart from this, the growing consumer awareness towards the presence of synthetic ingredients in conventional supplements is also catalyzing the need for organic product variants. Besides this, numerous product manufacturers are launching innovative flavors of protein shakes, bars, powder, etc., based on different types of seed protein extracts. Furthermore, the increasing online sales of protein shakes, energy bars, nutritional supplements, etc., across several e-commerce platforms, will also continue to drive the global market for seed protein supplements in the coming years. Looking forward, IMARC Group expects the global seed protein supplements market to exhibit continuous growth over the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global seed protein supplements market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, seed type, form, end use and distribution channel.
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The competitive landscape of the industry has also been examined with some of the key players being Bioriginal Food & Science Corporation, Bioway (Xi'An) Organic Ingredients Co.,Ltd, Evo Hemp, Green Source Organics, Inc., Hemp Oil Canada Inc, Manitoba Harvest Hemp Foods, Naturally Splendid Enterprises Ltd., Nutiva, Inc., YT (XI’AN) Biochem Co., Ltd. and Z-Company BV.
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