Plant-Based Nutrition Market size was valued at USD 12,153.7 million in 2022 and expected to grow to USD 16,382.5 million in 2029, growing at an 9.8% CAGR from 2023 to 2029. According to WHO, Nutrition is a critical part of health and development. Better nutrition is related to improved infant, child and maternal health, stronger immune systems, safer pregnancy and childbirth, lower risk of non-communicable diseases (such as diabetes and cardiovascular disease), and longevity. Healthy children learn better. The rapid shifting of public towards health and nutrition, rise in the demand for nutrition products in the market which drive the market across the world, the obesity and changing life style lowers the nutrition factor of the people, people are shifting towards plant-based nutrition to avoid animal source fat. Increase in the new technology and innovations in food habits of the people creates new opportunity towards plant-based nutrition market. The rise in the health awareness but expensive eye supplements for the plant based nutrition is the restraints for the market any how the cost decrease will leads to increase the market for plant-based nutrition. Geographically, North America held the major market share in 2022 and is expected to dominate the global embolization market in the forecasted years.
Recent Market Plant-based Nutrition Market Developments:
In September 2022, Tata Consumer enters health supplements segment, launches plant protein powder. TCP's focus on accelerating innovation, strengthening its wellness portfolio and expanding its total addressable market," said a statement from Tata group's FMCG arm.
In November 2022, Jollywell, a premium online nutraceutical brand known for its life-enhancing nutrition supplements, has launched a new range of products that help people stay healthy for longer. The clean, plant-based, non-GMO supplements are scientifically formulated with nature’s best superfoods that make them safer for the body.
Fastest Growing Market
The increasing health awareness and healthy lifestyle across the world is the major market driver in the Plant-based Nutrition Market during the forecast period. Change in the lifestyle of people is the major factor which lowers the nutrition factor of the human body, the nutrition needed to the body due lifestyle constraints to get, nutraceuticals are innovating towards plant-based nutrition which drive the market. Hence, this will drive the global market growth at a significant rate.
The Plant-based Nutrition Market size was USD 12,153.7 million in 2022 and expected to grow to USD 16,382.5, growing at an 9.8% CAGR from 2023 to 2029
According to WHO, Nutrition is a critical part of health and development. Better nutrition is related to improved infant, child and maternal health, stronger immune systems, safer pregnancy and childbirth, lower risk of non-communicable diseases (such as diabetes and cardiovascular disease), and longevity. Healthy children learn better.
The leading players in the Plant-based Nutrition Market are; Med Vox Nutrition, Elmed Life Sciences Pvt Ltd., Divi's Nutraceutical, Lifecare Neuro, Matsun Nutrition, Kerry, Glanbia, BioVit Laboratories
Historic years considered for the market study are 2018 through 2022, 2022 is considered as the base year for market estimation and Seven years forecast presented from 2023 – 2029.