Plant-based Protein Market - Global Outlook and Forecast 2020-2025
The global plant-based protein market is expected to grow at a CAGR of over 8% during the forecast period 2019–2025.
The growing health consciousness trend among people is expected to influence the global plant-based protein market. Millennial, especially, is highly interested in pursuing a healthy lifestyle. Therefore, they are one of the major consumers of healthy products, including plant-based variants. Consumers are increasingly adopting these products as they offer the same taste, flavor, and nutritional value as natural sources provide. Hence, a gradual shift of consumers from animal-based products to vegan products is likely to boost the market.
The rise of the vegan population is another key factor encouraging the growth of the market. Vegan diets contain antioxidants, fiber, and beneficial plant compounds. They are also rich in folate, potassium, magnesium, and vitamins A, C, and E. The vegan population is, thus, increasing due to the growing awareness of the benefits of vegan diets in lowering heart and other lifestyle-related diseases. Several sports professionals and athletes are adopting vegan diets, which are breaking the myth related to plant-based proteins.
The following factors are likely to contribute to the growth of the plant-based protein market during the forecast period:
Plant-based Protein Market: Segmentation
This research report includes detailed segmentation by products, source, application, and geography. Protein powder supplements are one of the effective ways to bolster the protein content. Several plant-based supplements contain 15–30 grams of protein that is equivalent to whey supplements. An increase in lactose intolerance, the growing awareness of plant-based cheese products, and the growth in the vegan population are propelling the growth of the plant-based protein powder market.
The demand for protein bars is not only growing among athletes, however, but the majority of the population also consumes them as an energy-boosting quick meal. The rise in the number of fitness clubs and weight management programs is boosting demand and is expected to grow significantly during the forecast period. Ready-to-drink (RTD) is popular among health-conscious people and millennials. The fast-paced and busy lifestyle is the primary factor accelerating the growth of RTD. However, the demand can also be contributed to the fact that these beverages can replace meals and take less time in consumption.
Soy-based protein is considered to be a complete diet as it contains essential amino acids that play an important role in muscle building and can be a useful supplement for weight loss. The rapidly growing vegan population in countries such as the UK and Portugal is driving the demand for soy nutrients. China, India, Japan, and South Korea are expected to support the growing demand with rising health awareness.
The sports nutrition segment dominates the market. The hike in demand for protein bars, energy drinks, and other supplements among athletes, fitness enthusiasts, and bodybuilders is driving the demand. The growing number of endorsements for plant-based products is likely to propel growth.
The additional nutrition segment is expected to accelerate its share due to the increasing awareness of additional nutritional supplements among consumers for maintaining a healthy diet. Driven by rising disposable income, increased urbanization, growing aging population, coupled with increasing health awareness, the demand for such supplements is increasing across the world.
Market Segmentation by Products
In North America, consumers are adopting plant-based food diets on account of their health benefits and high nutritional values, and the trend is likely to increase during the forecast period. The US plant-based protein market is expected to grow as 39% of the consumers in the country are actively seeking vegan products in their diets. In Europe, the increasing preference for plant-based products is increasing because these supplements help in weight management and aid in reducing the risk of chronic diseases. The increased focus on animal safety and well-being are driving the demand for plant-based meat products. Similarly, APAC is a key region in driving the growth on account of the surge in the population, increased high disposable income, and high adoption of vegetarian diets.
With the growing urbanization, changing lifestyles, dietary changes, and rapidly expanding retail chains, the demand for vegan products in Latin America is expected to rise during the forecast period. The rising health awareness in Latin America is expected to drive the market for alternative non-dairy milk products as these products contain low-levels of lactose and saturated fat. In the MEA region, the growing health-conscious population is primarily driving the growth. Another major factor is the high prevalence of lactose intolerance among people, which is also encouraging consumers toward the consumption of lactose-free products.
Market Segmentation by Geography
The global plant-based protein market is fragmented in nature, and vendors are competing based on product quality, new products, and competitive pricing. R&D teams need to continuously analyze trends and design, develop, and manufacture new product categories with distinctive features, size, taste, and shelf life. The competition is expected to intensify further during the forecast period with an increase in product innovations, milk production, technological innovations, and mergers and acquisitions. Moreover, the improving global economic conditions are likely to fuel the growth, thereby increasing attractiveness for new products launches.
Key Vendors
The analysis of the plant-based protein market provides sizing and growth opportunities for the forecast period 2020–2025.
The growing health consciousness trend among people is expected to influence the global plant-based protein market. Millennial, especially, is highly interested in pursuing a healthy lifestyle. Therefore, they are one of the major consumers of healthy products, including plant-based variants. Consumers are increasingly adopting these products as they offer the same taste, flavor, and nutritional value as natural sources provide. Hence, a gradual shift of consumers from animal-based products to vegan products is likely to boost the market.
The rise of the vegan population is another key factor encouraging the growth of the market. Vegan diets contain antioxidants, fiber, and beneficial plant compounds. They are also rich in folate, potassium, magnesium, and vitamins A, C, and E. The vegan population is, thus, increasing due to the growing awareness of the benefits of vegan diets in lowering heart and other lifestyle-related diseases. Several sports professionals and athletes are adopting vegan diets, which are breaking the myth related to plant-based proteins.
The following factors are likely to contribute to the growth of the plant-based protein market during the forecast period:
- Increase in the Health-conscious Population
- High Demand for Plant-based Products
- Growth in the Vegan Population
- High Prevalence of Lactose Intolerance
- Increase in the Sale of RTD Products
Plant-based Protein Market: Segmentation
This research report includes detailed segmentation by products, source, application, and geography. Protein powder supplements are one of the effective ways to bolster the protein content. Several plant-based supplements contain 15–30 grams of protein that is equivalent to whey supplements. An increase in lactose intolerance, the growing awareness of plant-based cheese products, and the growth in the vegan population are propelling the growth of the plant-based protein powder market.
The demand for protein bars is not only growing among athletes, however, but the majority of the population also consumes them as an energy-boosting quick meal. The rise in the number of fitness clubs and weight management programs is boosting demand and is expected to grow significantly during the forecast period. Ready-to-drink (RTD) is popular among health-conscious people and millennials. The fast-paced and busy lifestyle is the primary factor accelerating the growth of RTD. However, the demand can also be contributed to the fact that these beverages can replace meals and take less time in consumption.
Soy-based protein is considered to be a complete diet as it contains essential amino acids that play an important role in muscle building and can be a useful supplement for weight loss. The rapidly growing vegan population in countries such as the UK and Portugal is driving the demand for soy nutrients. China, India, Japan, and South Korea are expected to support the growing demand with rising health awareness.
The sports nutrition segment dominates the market. The hike in demand for protein bars, energy drinks, and other supplements among athletes, fitness enthusiasts, and bodybuilders is driving the demand. The growing number of endorsements for plant-based products is likely to propel growth.
The additional nutrition segment is expected to accelerate its share due to the increasing awareness of additional nutritional supplements among consumers for maintaining a healthy diet. Driven by rising disposable income, increased urbanization, growing aging population, coupled with increasing health awareness, the demand for such supplements is increasing across the world.
Market Segmentation by Products
- Protein Powder
- Protein Bar
- RTD Protein Beverages
- Others
- Soy
- Pea
- Rice
- Others
- Sports Nutrition
- Additional Nutrition
In North America, consumers are adopting plant-based food diets on account of their health benefits and high nutritional values, and the trend is likely to increase during the forecast period. The US plant-based protein market is expected to grow as 39% of the consumers in the country are actively seeking vegan products in their diets. In Europe, the increasing preference for plant-based products is increasing because these supplements help in weight management and aid in reducing the risk of chronic diseases. The increased focus on animal safety and well-being are driving the demand for plant-based meat products. Similarly, APAC is a key region in driving the growth on account of the surge in the population, increased high disposable income, and high adoption of vegetarian diets.
With the growing urbanization, changing lifestyles, dietary changes, and rapidly expanding retail chains, the demand for vegan products in Latin America is expected to rise during the forecast period. The rising health awareness in Latin America is expected to drive the market for alternative non-dairy milk products as these products contain low-levels of lactose and saturated fat. In the MEA region, the growing health-conscious population is primarily driving the growth. Another major factor is the high prevalence of lactose intolerance among people, which is also encouraging consumers toward the consumption of lactose-free products.
Market Segmentation by Geography
- North America
- US
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Spain
- APAC
- China
- Japan
- Australia
- Latin America
- Brazil
- Mexico
- MEA
- South Africa
- Saudi Arabia
The global plant-based protein market is fragmented in nature, and vendors are competing based on product quality, new products, and competitive pricing. R&D teams need to continuously analyze trends and design, develop, and manufacture new product categories with distinctive features, size, taste, and shelf life. The competition is expected to intensify further during the forecast period with an increase in product innovations, milk production, technological innovations, and mergers and acquisitions. Moreover, the improving global economic conditions are likely to fuel the growth, thereby increasing attractiveness for new products launches.
Key Vendors
- Glanbia
- Danone
- Tone it up
- Orgain
- KOS
- Garden of Life
- Your Super
- Nuzest
- No Cow
- Kind
- GoMacro
- SimplyProtein
The analysis of the plant-based protein market provides sizing and growth opportunities for the forecast period 2020–2025.
- Offers sizing and growth prospects of the plant protein market for the forecast period 2020–2025.
- Provides comprehensive insights on the latest industry trends, forecast, and growth drivers in the market.
- Includes a detailed analysis of growth drivers, challenges, and investment opportunities.
- Delivers a complete overview of segments and the regional outlook of the market.
- Offers an exhaustive summary of the vendor landscape, competitive analysis, and key strategies to gain competitive advantage.
1 RESEARCH METHODOLOGY
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Products
4.4.2 Market Segmentation by Source
4.4.3 Market Segmentation by Application
4.4.4 Market Segmentation by Geography
5 REPORT ASSUMPTIONS & CAVEATS
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 MARKET AT A GLANCE
7 INTRODUCTION
7.1 Overview
7.2 Why Shift from Animal-based Diet?
7.3 The Future of Protein Market
8 MARKET DYNAMICS
8.1 Market Growth Enablers
8.1.1 Rising Health Conscious Population
8.1.2 Rising Demand For Plant-Based Products in Sports Nutrition
8.1.3 Growth of Vegan Population
8.1.4 Lactose Intolerance
8.2 Market Growth Restraints
8.2.1 Stringent Regulation & Health Standards
8.2.2 Skepticism over Product Efficiency & Credibility
8.2.3 Fluctuating Price of Raw Materials
8.3 Market Opportunities and Trends
8.3.1 Growing Demand for Clean Labels
8.3.2 Innovative Protein Sources
8.3.3 Rising Sales of RTD Product
9 GLOBAL PLANT-BASED PROTEIN MARKET
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry
10 BY PRODUCT TYPE
10.1 Market Snapshot & Growth Engine
10.2 Market Overview
10.3 Powder Supplements
10.3.1 Market Size & Forecast
10.3.2 By Geography
10.4 Bar
10.4.1 Market Size & Forecast
10.4.2 By Geography
10.5 RTD
10.5.1 Market Size & Forecast
10.5.2 By Geography
10.6 Others
10.6.1 Market Size & Forecast
10.6.2 By Geography
11 BY SOURCE
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Soy
11.3.1 Market Size & Forecast
11.3.2 By Geography
11.4 Pea
11.4.1 Market Size & Forecast
11.4.2 By Geography
11.5 Rice
11.5.1 Market Size & Forecast
11.5.2 By Geography
11.6 Others
11.6.1 Market Size & Forecast
11.6.2 By Geography
12 BY APPLICATION
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Sports Nutrition
12.3.1 Market Size & Forecast
12.3.2 By Geography
12.4 Additional Nutrition
12.4.1 Market Size & Forecast
12.4.2 By Geography
13 BY DISTRIBUTION
13.1 Market Overview
14 BY GEOGRAPHY
14.1 Market Snapshot & Growth Engine
14.2 Overview
15 NORTH AMERICA
15.1 Market Overview
15.2 Market Segmentation
15.2.1 By Source
15.2.2 By Product
15.2.3 By Application
15.3 Key Countries
15.3.1 US: Market Size & Forecast
15.3.2 Canada: Market Size & Forecast
16 EUROPE
16.1 Market Overview
16.2 Market Segmentation
16.2.1 By Source
16.2.2 By Product
16.2.3 By Application
16.3 Key Countries
16.3.1 UK: Market Size & Forecast
16.3.2 Germany: Market Size & Forecast
16.3.3 Spain: Market Size & Forecast
16.3.4 France: Market Size & Forecast
16.3.5 Italy: Market Size & Forecast
17 APAC
17.1 Market Overview
17.2 Market Segmentation
17.2.1 By Source
17.2.2 By Product
17.2.3 By Application
17.3 Key Countries
17.3.1 China: Market Size & Forecast
17.3.2 Japan: Market Size & Forecast
17.3.3 Australia: Market Size & Forecast
18 LATIN AMERICA
18.1 Market Overview
18.2 Market Segmentation
18.2.1 By Source
18.2.2 By Product
18.2.3 By Application
18.3 Key Countries
18.3.1 Brazil: Market Size & Forecast
18.3.2 Mexico: Market Size & Forecast
19 MIDDLE EAST & AFRICA
19.1 Market Overview
19.2 Market Segmentation
19.2.1 By Source
19.2.2 By Product
19.2.3 By Application
19.3 Key Countries
19.3.1 South Africa: Market Size & Forecast
19.3.2 Saudi Arabia: Market Size & Forecast
20 COMPETITIVE LANDSCAPE
20.1 Competition Overview
20.2 Market Strategy, Promotion & Development
20.2.1 Brand Image
20.2.2 Online Presence
20.2.3 Innovative Marketing Strategies
21 KEY COMPANY PROFILES
21.1 Glanbia Nutritionals
21.1.1 Business Overview
21.1.2 Major Product Offerings
21.1.3 Key Strengths
21.1.4 Key Strategies
21.1.5 Key Opportunities
21.2 Danone
21.2.1 Business Overview
21.2.2 Major Product Offerings
21.2.3 Key Strengths
21.2.4 Key Strategies
21.2.5 Key Opportunities
22 OTHER PROMINENT VENDORS
22.1 Tone it Up
22.1.1 Business Overview
22.1.2 Major Product Offerings
22.2 Orgain
22.2.1 Business Overview
22.2.2 Major Product Offerings
22.3 KOS
22.3.1 Business Overview
22.3.2 Major Product Offerings
22.4 Garden of Life
22.4.1 Business Overview
22.4.2 Major Product Offerings
22.5 Your Super
22.5.1 Business Overview
22.5.2 Major Product Offerings
22.6 Nuzest
22.6.1 Business Overview
22.6.2 Major Product Offerings
22.7 No Cow
22.7.1 Business Overview
22.7.2 Major Product Offerings
22.8 Kind
22.8.1 Business Overview
22.8.2 Major Product Offerings
22.9 GoMacro
22.9.1 Business Overview
22.9.2 Major Product Offerings
22.10 SimplyProtein
22.10.1 Business Overview
22.10.2 Major Product Offerings
22.11 Naked Nutrition
22.11.1 Business Overview
22.11.2 Major Product Offerings
22.12 Bulk Supplement
22.12.1 Business Overview
22.12.2 Major Product Offerings
22.13 PlantFusion
22.13.1 Business Overview
22.13.2 Major Product Offerings
22.14 Growing Naturals
22.14.1 Business Overview
22.14.2 Major Product Offerings
22.15 Sunwarrior
22.15.1 Business Overview
22.15.2 Major Product Offerings
23 REPORT SUMMARY
23.1 Key Takeaways
23.2 Strategic Recommendations
23.3 Quantitative Summary
23.3.1 By Product Type
23.3.2 By Source Type
23.3.3 By Application
23.3.4 By Geography
23.3.5 North America
23.3.6 Europe
23.3.7 APAC
23.3.8 Latin America
23.3.9 Middle East & Africa
24 APPENDIX
24.1 Abbreviations
2 RESEARCH OBJECTIVES
3 RESEARCH PROCESS
4 SCOPE & COVERAGE
4.1 Market Definition
4.1.1 Inclusions
4.1.2 Exclusions
4.2 Base Year
4.3 Scope of the study
4.4 Market Segments
4.4.1 Market Segmentation by Products
4.4.2 Market Segmentation by Source
4.4.3 Market Segmentation by Application
4.4.4 Market Segmentation by Geography
5 REPORT ASSUMPTIONS & CAVEATS
5.1 Key Caveats
5.2 Currency Conversion
5.3 Market Derivation
6 MARKET AT A GLANCE
7 INTRODUCTION
7.1 Overview
7.2 Why Shift from Animal-based Diet?
7.3 The Future of Protein Market
8 MARKET DYNAMICS
8.1 Market Growth Enablers
8.1.1 Rising Health Conscious Population
8.1.2 Rising Demand For Plant-Based Products in Sports Nutrition
8.1.3 Growth of Vegan Population
8.1.4 Lactose Intolerance
8.2 Market Growth Restraints
8.2.1 Stringent Regulation & Health Standards
8.2.2 Skepticism over Product Efficiency & Credibility
8.2.3 Fluctuating Price of Raw Materials
8.3 Market Opportunities and Trends
8.3.1 Growing Demand for Clean Labels
8.3.2 Innovative Protein Sources
8.3.3 Rising Sales of RTD Product
9 GLOBAL PLANT-BASED PROTEIN MARKET
9.1 Market Overview
9.2 Market Size & Forecast
9.3 Five Forces Analysis
9.3.1 Threat of New Entrants
9.3.2 Bargaining Power of Suppliers
9.3.3 Bargaining Power of Buyers
9.3.4 Threat of Substitutes
9.3.5 Competitive Rivalry
10 BY PRODUCT TYPE
10.1 Market Snapshot & Growth Engine
10.2 Market Overview
10.3 Powder Supplements
10.3.1 Market Size & Forecast
10.3.2 By Geography
10.4 Bar
10.4.1 Market Size & Forecast
10.4.2 By Geography
10.5 RTD
10.5.1 Market Size & Forecast
10.5.2 By Geography
10.6 Others
10.6.1 Market Size & Forecast
10.6.2 By Geography
11 BY SOURCE
11.1 Market Snapshot & Growth Engine
11.2 Market Overview
11.3 Soy
11.3.1 Market Size & Forecast
11.3.2 By Geography
11.4 Pea
11.4.1 Market Size & Forecast
11.4.2 By Geography
11.5 Rice
11.5.1 Market Size & Forecast
11.5.2 By Geography
11.6 Others
11.6.1 Market Size & Forecast
11.6.2 By Geography
12 BY APPLICATION
12.1 Market Snapshot & Growth Engine
12.2 Market Overview
12.3 Sports Nutrition
12.3.1 Market Size & Forecast
12.3.2 By Geography
12.4 Additional Nutrition
12.4.1 Market Size & Forecast
12.4.2 By Geography
13 BY DISTRIBUTION
13.1 Market Overview
14 BY GEOGRAPHY
14.1 Market Snapshot & Growth Engine
14.2 Overview
15 NORTH AMERICA
15.1 Market Overview
15.2 Market Segmentation
15.2.1 By Source
15.2.2 By Product
15.2.3 By Application
15.3 Key Countries
15.3.1 US: Market Size & Forecast
15.3.2 Canada: Market Size & Forecast
16 EUROPE
16.1 Market Overview
16.2 Market Segmentation
16.2.1 By Source
16.2.2 By Product
16.2.3 By Application
16.3 Key Countries
16.3.1 UK: Market Size & Forecast
16.3.2 Germany: Market Size & Forecast
16.3.3 Spain: Market Size & Forecast
16.3.4 France: Market Size & Forecast
16.3.5 Italy: Market Size & Forecast
17 APAC
17.1 Market Overview
17.2 Market Segmentation
17.2.1 By Source
17.2.2 By Product
17.2.3 By Application
17.3 Key Countries
17.3.1 China: Market Size & Forecast
17.3.2 Japan: Market Size & Forecast
17.3.3 Australia: Market Size & Forecast
18 LATIN AMERICA
18.1 Market Overview
18.2 Market Segmentation
18.2.1 By Source
18.2.2 By Product
18.2.3 By Application
18.3 Key Countries
18.3.1 Brazil: Market Size & Forecast
18.3.2 Mexico: Market Size & Forecast
19 MIDDLE EAST & AFRICA
19.1 Market Overview
19.2 Market Segmentation
19.2.1 By Source
19.2.2 By Product
19.2.3 By Application
19.3 Key Countries
19.3.1 South Africa: Market Size & Forecast
19.3.2 Saudi Arabia: Market Size & Forecast
20 COMPETITIVE LANDSCAPE
20.1 Competition Overview
20.2 Market Strategy, Promotion & Development
20.2.1 Brand Image
20.2.2 Online Presence
20.2.3 Innovative Marketing Strategies
21 KEY COMPANY PROFILES
21.1 Glanbia Nutritionals
21.1.1 Business Overview
21.1.2 Major Product Offerings
21.1.3 Key Strengths
21.1.4 Key Strategies
21.1.5 Key Opportunities
21.2 Danone
21.2.1 Business Overview
21.2.2 Major Product Offerings
21.2.3 Key Strengths
21.2.4 Key Strategies
21.2.5 Key Opportunities
22 OTHER PROMINENT VENDORS
22.1 Tone it Up
22.1.1 Business Overview
22.1.2 Major Product Offerings
22.2 Orgain
22.2.1 Business Overview
22.2.2 Major Product Offerings
22.3 KOS
22.3.1 Business Overview
22.3.2 Major Product Offerings
22.4 Garden of Life
22.4.1 Business Overview
22.4.2 Major Product Offerings
22.5 Your Super
22.5.1 Business Overview
22.5.2 Major Product Offerings
22.6 Nuzest
22.6.1 Business Overview
22.6.2 Major Product Offerings
22.7 No Cow
22.7.1 Business Overview
22.7.2 Major Product Offerings
22.8 Kind
22.8.1 Business Overview
22.8.2 Major Product Offerings
22.9 GoMacro
22.9.1 Business Overview
22.9.2 Major Product Offerings
22.10 SimplyProtein
22.10.1 Business Overview
22.10.2 Major Product Offerings
22.11 Naked Nutrition
22.11.1 Business Overview
22.11.2 Major Product Offerings
22.12 Bulk Supplement
22.12.1 Business Overview
22.12.2 Major Product Offerings
22.13 PlantFusion
22.13.1 Business Overview
22.13.2 Major Product Offerings
22.14 Growing Naturals
22.14.1 Business Overview
22.14.2 Major Product Offerings
22.15 Sunwarrior
22.15.1 Business Overview
22.15.2 Major Product Offerings
23 REPORT SUMMARY
23.1 Key Takeaways
23.2 Strategic Recommendations
23.3 Quantitative Summary
23.3.1 By Product Type
23.3.2 By Source Type
23.3.3 By Application
23.3.4 By Geography
23.3.5 North America
23.3.6 Europe
23.3.7 APAC
23.3.8 Latin America
23.3.9 Middle East & Africa
24 APPENDIX
24.1 Abbreviations
LIST OF EXHIBITS
Exhibit 1 Segmentation of Global Plant-based Protein Market
Exhibit 2 Market Size Calculation Approach 2019
Exhibit 3 Raw Material Comparison between Dairy and Plant-Based Protein
Exhibit 4 Plant-based Product Adoption Analysis 2019
Exhibit 5 Plant-Based Protein Penetration among Health and Fitness Enthusiasts 2019
Exhibit 6 Impact of Animal Farming
Exhibit 7 Impact of Meat and Dairy Products on Environment
Exhibit 8 Global Overall Protein Vs Plant-Based Protein Market Overview
Exhibit 9 Impact of Rising Health-Conscious Population
Exhibit 10 Impact of Rising Demand for Plant-based Products in Sports Nutrition
Exhibit 11 Impact of Growth of Vegan Population
Exhibit 12 Facts About Veganism and Plant-Based Diets
Exhibit 13 Largest Vegan Population by Country 2018 (% share)
Exhibit 14 Impact of Lactose Intolerance
Exhibit 15 Reasons for Consumption of Plant-based Supplements 2019 (% of respondents)
Exhibit 16 Countries with High Prevalence of Lactose Intolerance (% of population)
Exhibit 17 Stringent Regulations & Health Standard
Exhibit 18 Skepticism over Product Efficiency & Credibility
Exhibit 19 Fluctuating Prices of Raw Materials
Exhibit 20 Global Average Soybean Prices 2013–2018 ($/bushel)
Exhibit 21 Impact of Growing Demand for Clean Labels
Exhibit 22 Impact of Innovative Protein Sources
Exhibit 23 Impact of Rising Sales of RTD Products
Exhibit 24 Global Plant-Based Protein RTD Market 2019-2025 ($ billion)
Exhibit 25 Global Plant-Based Protein Market: Overview
Exhibit 26 Global Plant-Based Protein Market Overview
Exhibit 27 Global Plant-Based Protein Market 2019-2025 ($ billion)
Exhibit 28 Growth of Plant-Based Protein in US 2018 (% share)
Exhibit 29 Five Force Analysis 2018
Exhibit 30 Incremental Growth by Product Type 2019-2025
Exhibit 31 Plant-Based Protein by Product
Exhibit 32 Plant-Based Protein Market by Product Type ($ billion)
Exhibit 33 Global Plant-Based Protein Powder Supplements 2019-2025 ($ billion)
Exhibit 34 Global Plant-Based Protein Bar Market 2019-2025 ($ billion)
Exhibit 35 Global Plant-Based RTD Market 2019-2025 ($ billion)
Exhibit 36 Global Other Plant-Based Protein Products 2019-2025 ($ billion)
Exhibit 37 Incremental Growth by Source 2019-2025
Exhibit 38 Global Plant-Based Protein Market by Source 2019–2025 (% share)
Exhibit 39 Global Soy Protein Market 2019-2025 ($ billion)
Exhibit 40 Global Pea Protein Market 2019-2025 ($ billion)
Exhibit 41 Global Rice Protein Market 2019-2025 ($ billion)
Exhibit 42 Global Other Plant Protein Sources 2019-2025 ($ billion)
Exhibit 43 Incremental Growth by Application 2019-2025
Exhibit 44 Global Plant-Based Protein Market by Application
Exhibit 45 Global Plant-Based Protein Market by Application 2019-2025 (% share)
Exhibit 46 Global Plant-Based Protein Market in Sports Nutrition 2019-2025 ($ billion)
Exhibit 47 Global Plant-Based Protein Market in Additional Nutrition 2019-2025 ($ billion)
Exhibit 48 Global Plant-Based Protein Market by Distribution 2019 (% share)
Exhibit 49 Global Plant-Based Protein Market by Distribution Channels 2019 ($ billion)
Exhibit 50 Incremental Growth by Geography 2019-2025
Exhibit 51 Factors Driving Plant-based Protein Market by Geography
Exhibit 52 Global Plant-Based Protein Market by Geography 2019-2025
Exhibit 53 Reasons Boosting Plant-Based Diets
Exhibit 54 Plant-Based Protein Market in North America 2019-2025 ($ billion)
Exhibit 55 Global Plant-Based Protein Supplement by Source 2019
Exhibit 56 Incremental Growth in North America 2019-2025
Exhibit 57 Plant-Based Protein Market in US 2019-2025 ($ billion)
Exhibit 58 Reasons for Avoiding Animal-Based Diet in US 2018
Exhibit 59 Protein-Based Protein Market in Canada 2017 (% share)
Exhibit 60 Plant-Based Protein Market in Canada 2019-2025 ($ billion)
Exhibit 61 Plant-Based Protein Market in Europe
Exhibit 62 Plant-Based Protein Market in Europe 2019-2025 ($ billion)
Exhibit 63 Number of Plant-Based Protein Product Launches in Europe 2012 and 2017
Exhibit 64 Incremental Growth in Europe 2019-2025
Exhibit 65 Plant-Based Protein Market in UK 2019-2025 ($million)
Exhibit 66 Plant-Based Protein Market in Germany 2019-2025 ($ billion)
Exhibit 67 Plant-Based Protein Market in Spain 2019-2025 ($million)
Exhibit 68 Plant-Based Protein Market in France 2019-2025 ($million)
Exhibit 69 Plant-Based Protein Market in Italy 2019-2025 ($million)
Exhibit 70 Primary Reasons for Avoiding Dairy Consumption in APAC
Exhibit 71 Plant-Based Protein Market in APAC 2019-2025 ($ billion)
Exhibit 72 Plant-Based Protein by Product 2019-2025 (% share)
Exhibit 73 Incremental Growth in APAC 2019-2025
Exhibit 74 Plant-Based Protein Market in China 2019-2025 ($million)
Exhibit 75 Plant-Based Protein Market in Japan 2019-2025 ($million)
Exhibit 76 Plant-Based Protein Market in Australia 2019-2025 ($million)
Exhibit 77 Plant-Based Protein Market in Latin America 2019-2025 ($ billion)
Exhibit 78 Reasons for Avoiding Dairy Consumption in Latin America 2018
Exhibit 79 Plant-Based Protein Market in Latin America by Source and Product 2019 (% share)
Exhibit 80 Incremental Growth in Latin America 2019-2025
Exhibit 81 Major Reasons for Avoiding Animal-Based Protein in Brazil
Exhibit 82 Plant-Based Protein Market in Brazil 2019-2025 ($million)
Exhibit 83 Plant-Based Protein Market in Mexico 2019-2025 ($million)
Exhibit 84 Plant-Based Protein Market in MEA Overview
Exhibit 85 Plant-Based Protein Market in MEA 2019-2025 ($ billion)
Exhibit 86 Incremental Growth in MEA 2019-2025
Exhibit 87 Plant-Based Protein Market in South Africa 2019-2025 ($million)
Exhibit 88 Plant-Based Protein Market in Saudi Arabia 2019-2025 ($million)
Exhibit 1 Segmentation of Global Plant-based Protein Market
Exhibit 2 Market Size Calculation Approach 2019
Exhibit 3 Raw Material Comparison between Dairy and Plant-Based Protein
Exhibit 4 Plant-based Product Adoption Analysis 2019
Exhibit 5 Plant-Based Protein Penetration among Health and Fitness Enthusiasts 2019
Exhibit 6 Impact of Animal Farming
Exhibit 7 Impact of Meat and Dairy Products on Environment
Exhibit 8 Global Overall Protein Vs Plant-Based Protein Market Overview
Exhibit 9 Impact of Rising Health-Conscious Population
Exhibit 10 Impact of Rising Demand for Plant-based Products in Sports Nutrition
Exhibit 11 Impact of Growth of Vegan Population
Exhibit 12 Facts About Veganism and Plant-Based Diets
Exhibit 13 Largest Vegan Population by Country 2018 (% share)
Exhibit 14 Impact of Lactose Intolerance
Exhibit 15 Reasons for Consumption of Plant-based Supplements 2019 (% of respondents)
Exhibit 16 Countries with High Prevalence of Lactose Intolerance (% of population)
Exhibit 17 Stringent Regulations & Health Standard
Exhibit 18 Skepticism over Product Efficiency & Credibility
Exhibit 19 Fluctuating Prices of Raw Materials
Exhibit 20 Global Average Soybean Prices 2013–2018 ($/bushel)
Exhibit 21 Impact of Growing Demand for Clean Labels
Exhibit 22 Impact of Innovative Protein Sources
Exhibit 23 Impact of Rising Sales of RTD Products
Exhibit 24 Global Plant-Based Protein RTD Market 2019-2025 ($ billion)
Exhibit 25 Global Plant-Based Protein Market: Overview
Exhibit 26 Global Plant-Based Protein Market Overview
Exhibit 27 Global Plant-Based Protein Market 2019-2025 ($ billion)
Exhibit 28 Growth of Plant-Based Protein in US 2018 (% share)
Exhibit 29 Five Force Analysis 2018
Exhibit 30 Incremental Growth by Product Type 2019-2025
Exhibit 31 Plant-Based Protein by Product
Exhibit 32 Plant-Based Protein Market by Product Type ($ billion)
Exhibit 33 Global Plant-Based Protein Powder Supplements 2019-2025 ($ billion)
Exhibit 34 Global Plant-Based Protein Bar Market 2019-2025 ($ billion)
Exhibit 35 Global Plant-Based RTD Market 2019-2025 ($ billion)
Exhibit 36 Global Other Plant-Based Protein Products 2019-2025 ($ billion)
Exhibit 37 Incremental Growth by Source 2019-2025
Exhibit 38 Global Plant-Based Protein Market by Source 2019–2025 (% share)
Exhibit 39 Global Soy Protein Market 2019-2025 ($ billion)
Exhibit 40 Global Pea Protein Market 2019-2025 ($ billion)
Exhibit 41 Global Rice Protein Market 2019-2025 ($ billion)
Exhibit 42 Global Other Plant Protein Sources 2019-2025 ($ billion)
Exhibit 43 Incremental Growth by Application 2019-2025
Exhibit 44 Global Plant-Based Protein Market by Application
Exhibit 45 Global Plant-Based Protein Market by Application 2019-2025 (% share)
Exhibit 46 Global Plant-Based Protein Market in Sports Nutrition 2019-2025 ($ billion)
Exhibit 47 Global Plant-Based Protein Market in Additional Nutrition 2019-2025 ($ billion)
Exhibit 48 Global Plant-Based Protein Market by Distribution 2019 (% share)
Exhibit 49 Global Plant-Based Protein Market by Distribution Channels 2019 ($ billion)
Exhibit 50 Incremental Growth by Geography 2019-2025
Exhibit 51 Factors Driving Plant-based Protein Market by Geography
Exhibit 52 Global Plant-Based Protein Market by Geography 2019-2025
Exhibit 53 Reasons Boosting Plant-Based Diets
Exhibit 54 Plant-Based Protein Market in North America 2019-2025 ($ billion)
Exhibit 55 Global Plant-Based Protein Supplement by Source 2019
Exhibit 56 Incremental Growth in North America 2019-2025
Exhibit 57 Plant-Based Protein Market in US 2019-2025 ($ billion)
Exhibit 58 Reasons for Avoiding Animal-Based Diet in US 2018
Exhibit 59 Protein-Based Protein Market in Canada 2017 (% share)
Exhibit 60 Plant-Based Protein Market in Canada 2019-2025 ($ billion)
Exhibit 61 Plant-Based Protein Market in Europe
Exhibit 62 Plant-Based Protein Market in Europe 2019-2025 ($ billion)
Exhibit 63 Number of Plant-Based Protein Product Launches in Europe 2012 and 2017
Exhibit 64 Incremental Growth in Europe 2019-2025
Exhibit 65 Plant-Based Protein Market in UK 2019-2025 ($million)
Exhibit 66 Plant-Based Protein Market in Germany 2019-2025 ($ billion)
Exhibit 67 Plant-Based Protein Market in Spain 2019-2025 ($million)
Exhibit 68 Plant-Based Protein Market in France 2019-2025 ($million)
Exhibit 69 Plant-Based Protein Market in Italy 2019-2025 ($million)
Exhibit 70 Primary Reasons for Avoiding Dairy Consumption in APAC
Exhibit 71 Plant-Based Protein Market in APAC 2019-2025 ($ billion)
Exhibit 72 Plant-Based Protein by Product 2019-2025 (% share)
Exhibit 73 Incremental Growth in APAC 2019-2025
Exhibit 74 Plant-Based Protein Market in China 2019-2025 ($million)
Exhibit 75 Plant-Based Protein Market in Japan 2019-2025 ($million)
Exhibit 76 Plant-Based Protein Market in Australia 2019-2025 ($million)
Exhibit 77 Plant-Based Protein Market in Latin America 2019-2025 ($ billion)
Exhibit 78 Reasons for Avoiding Dairy Consumption in Latin America 2018
Exhibit 79 Plant-Based Protein Market in Latin America by Source and Product 2019 (% share)
Exhibit 80 Incremental Growth in Latin America 2019-2025
Exhibit 81 Major Reasons for Avoiding Animal-Based Protein in Brazil
Exhibit 82 Plant-Based Protein Market in Brazil 2019-2025 ($million)
Exhibit 83 Plant-Based Protein Market in Mexico 2019-2025 ($million)
Exhibit 84 Plant-Based Protein Market in MEA Overview
Exhibit 85 Plant-Based Protein Market in MEA 2019-2025 ($ billion)
Exhibit 86 Incremental Growth in MEA 2019-2025
Exhibit 87 Plant-Based Protein Market in South Africa 2019-2025 ($million)
Exhibit 88 Plant-Based Protein Market in Saudi Arabia 2019-2025 ($million)
LIST OF TABLES
Table 1 Key Caveats
Table 2 Currency Conversion 2013?2018
Table 3 Prevalence of Lactose Intolerance by Geography/Ethnicity
Table 4 Alternative Protein Sources: Analysis
Table 5 Global Plant-Based Protein Market by Product 2019-2025 ($ billion)
Table 6 Global Plant-Based Protein Powder Supplements Market by Geography 2019-2025 ($ billion)
Table 7 Global Plant-Based Protein Bar Market by Geography 2019-2025 ($ billion)
Table 8 Global Plant-Based RTD Market by Geography 2019-2025 ($ billion)
Table 9 Global Other Plant-Based Protein Products by Geography 2019-2025 ($ billion)
Table 10 Global Plant-Based Protein Market by Protein Sources: Analysis
Table 11 Global Plant-Based Protein Market by SOURCE2019-2025 ($ billion)
Table 12 Global Soy Protein Market by Geography 2019-2025 ($ billion)
Table 13 Global Pea Protein Market by Geography 2019-2025 ($ billion)
Table 14 Global Rice Protein Market 2019-2025 by Geography ($ billion)
Table 15 Global Other Protein Market by Geography 2019-2025 ($ billion)
Table 16 Global Plant-Based Protein Market by Application 2019-2025 ($ billion)
Table 17 Global Plant-Based Protein in Sports Nutrition by Geography 2019-2025 ($ billion)
Table 18 Global Plant-Based Protein Market in Additional Nutrition by Geography 2019-2025 ($ billion)
Table 19 Global Plant-Based Protein Market by Geography 2019-2025 ($ billion)
Table 20 Plant-Based Protein Market in North America by Source 2019-2025 ($ billion)
Table 21 Plant-Based Protein Market in North America by Product 2019-2025 ($ billion)
Table 22 Plant-Based Protein Market in North America by Application 2019-2025 ($ billion)
Table 23 Plant-Based Protein Market in Europe by Source 2019-2025 ($ billion)
Table 24 Plant-Based Protein Market in Europe by Product 2019-2025 ($ billion)
Table 25 Plant-Based Protein Market in Europe by Application 2019-2025 ($ billion)
Table 26 Plant-Based Protein Market in APAC by Source 2019-2025 ($ billion)
Table 27 Plant-Based Protein Market in APAC by Product 2019-2025 ($ billion)
Table 28 Plant-Based Protein Market in APAC by Application 2019-2025 ($ billion)
Table 29 Plant-Based Protein Market in Latin America by Source 2019-2025 ($ billion)
Table 30 Plant-Based Protein Market in Latin America by Product 2019-2025 ($ billion)
Table 31 Plant-Based Protein Market in Latin America by Application 2019-2025 ($ billion)
Table 32 Plant-Based Protein Market in MEA by Source 2019-2025 ($ billion)
Table 33 Plant-Based Protein Market in MEA by Product 2019-2025 ($ billion)
Table 34 Plant-Based Protein Market in MEA by Application 2019-2025 ($ billion)
Table 35 Glanbia: Product Offerings
Table 36 Glanbia: Product Offerings
Table 37 Tone it Up: Product Offerings
Table 38 Orgain: Product Offerings
Table 39 KOS: Product Offerings
Table 40 Garden of Life: Product Offerings
Table 41 Your Super: Product Offerings
Table 42 Nuzest: Product Offerings
Table 43 No Cow: Product Offerings
Table 44 KIND: Product Offerings
Table 45 GoMacro: Product Offerings
Table 46 Simply Protein: Product Offerings
Table 47 Naked Nutrition: Product Offerings
Table 48 Bulk Supplement: Product Offerings
Table 49 Bulk Supplement: Product Offerings
Table 50 Growing Naturals Product Offerings
Table 51 Sunwarrior: Product Offerings
Table 52 Global Plant-Based Protein Market by Product 2019-2025 ($ billion)
Table 53 Global Plant-Based Protein Powder Market by Geography 2019-2025 ($ billion)
Table 54 Global Plant-Based Protein Bar Market by Geography 2019-2025 ($ billion)
Table 55 Global Plant-Based RTD Market by Geography 2019-2025 ($ billion)
Table 56 Global Other Plant-Based Protein Products by Geography 2019-2025 ($ billion)
Table 57 Global Plant-based Protein Market by Product 2019-2025 ($ billion)
Table 58 Global Soy Protein Market by Geography 2019-2025 ($ billion)
Table 59 Global Pea Protein Market by Geography2019-2025 ($ billion)
Table 60 Global Rice Protein Market 2019-2025 ($ billion)
Table 61 Global Other Protein Market by Geography 2019-2025 ($ billion)
Table 62 Global Plant-based Protein Market by Application 2019-2025 ($ billion)
Table 63 Global Plant-Based Protein in Sports Nutrition by Geography 2019-2025 ($ billion)
Table 64 Global Plant-based Protein in Additional Nutrition by Geography 2019-2025 ($ billion)
Table 65 Global Plant-Based Protein Market by Geography 2019-2025 ($ billion)
Table 66 Plant-based Protein Market in North America by Source 2019-2025 ($ billion)
Table 67 Plant-based Protein Market in North America by Product 2019-2025 ($ billion)
Table 68 Plant-based Protein Market in North America by Application 2019-2025 ($ billion)
Table 69 Plant-based Protein Market in Europe by Source 2019-2025 ($ billion)
Table 70 Plant-based Protein Market in Europe by Product 2019-2025 ($ billion)
Table 71 Plant-based Protein Market in Europe by Application 2019-2025 ($ billion)
Table 72 Plant-based Protein Market in APAC by Source 2019-2025 ($ billion)
Table 73 Plant-based Protein Market in APAC by Product 2019-2025 ($ billion)
Table 74 Plant-based Protein Market in APAC by Application 2019-2025 ($ billion)
Table 75 Plant-based Protein Market in Latin America by Source 2019-2025 ($ billion)
Table 76 Plant-based Protein Market in Latin America by Product 2019-2025 ($ billion)
Table 77 Plant-based Protein Market in Latin America by Application 2019-2025 ($ billion)
Table 78 Plant-based Protein Market in MEA by Source 2019-2025 ($ billion)
Table 79 Plant-based Protein Market in MEA by Product Type 2019-2025 ($ billion)
Table 80 Plant-based Protein Market in MEA by Application Type 2019-2025 ($ billion)
Table 1 Key Caveats
Table 2 Currency Conversion 2013?2018
Table 3 Prevalence of Lactose Intolerance by Geography/Ethnicity
Table 4 Alternative Protein Sources: Analysis
Table 5 Global Plant-Based Protein Market by Product 2019-2025 ($ billion)
Table 6 Global Plant-Based Protein Powder Supplements Market by Geography 2019-2025 ($ billion)
Table 7 Global Plant-Based Protein Bar Market by Geography 2019-2025 ($ billion)
Table 8 Global Plant-Based RTD Market by Geography 2019-2025 ($ billion)
Table 9 Global Other Plant-Based Protein Products by Geography 2019-2025 ($ billion)
Table 10 Global Plant-Based Protein Market by Protein Sources: Analysis
Table 11 Global Plant-Based Protein Market by SOURCE2019-2025 ($ billion)
Table 12 Global Soy Protein Market by Geography 2019-2025 ($ billion)
Table 13 Global Pea Protein Market by Geography 2019-2025 ($ billion)
Table 14 Global Rice Protein Market 2019-2025 by Geography ($ billion)
Table 15 Global Other Protein Market by Geography 2019-2025 ($ billion)
Table 16 Global Plant-Based Protein Market by Application 2019-2025 ($ billion)
Table 17 Global Plant-Based Protein in Sports Nutrition by Geography 2019-2025 ($ billion)
Table 18 Global Plant-Based Protein Market in Additional Nutrition by Geography 2019-2025 ($ billion)
Table 19 Global Plant-Based Protein Market by Geography 2019-2025 ($ billion)
Table 20 Plant-Based Protein Market in North America by Source 2019-2025 ($ billion)
Table 21 Plant-Based Protein Market in North America by Product 2019-2025 ($ billion)
Table 22 Plant-Based Protein Market in North America by Application 2019-2025 ($ billion)
Table 23 Plant-Based Protein Market in Europe by Source 2019-2025 ($ billion)
Table 24 Plant-Based Protein Market in Europe by Product 2019-2025 ($ billion)
Table 25 Plant-Based Protein Market in Europe by Application 2019-2025 ($ billion)
Table 26 Plant-Based Protein Market in APAC by Source 2019-2025 ($ billion)
Table 27 Plant-Based Protein Market in APAC by Product 2019-2025 ($ billion)
Table 28 Plant-Based Protein Market in APAC by Application 2019-2025 ($ billion)
Table 29 Plant-Based Protein Market in Latin America by Source 2019-2025 ($ billion)
Table 30 Plant-Based Protein Market in Latin America by Product 2019-2025 ($ billion)
Table 31 Plant-Based Protein Market in Latin America by Application 2019-2025 ($ billion)
Table 32 Plant-Based Protein Market in MEA by Source 2019-2025 ($ billion)
Table 33 Plant-Based Protein Market in MEA by Product 2019-2025 ($ billion)
Table 34 Plant-Based Protein Market in MEA by Application 2019-2025 ($ billion)
Table 35 Glanbia: Product Offerings
Table 36 Glanbia: Product Offerings
Table 37 Tone it Up: Product Offerings
Table 38 Orgain: Product Offerings
Table 39 KOS: Product Offerings
Table 40 Garden of Life: Product Offerings
Table 41 Your Super: Product Offerings
Table 42 Nuzest: Product Offerings
Table 43 No Cow: Product Offerings
Table 44 KIND: Product Offerings
Table 45 GoMacro: Product Offerings
Table 46 Simply Protein: Product Offerings
Table 47 Naked Nutrition: Product Offerings
Table 48 Bulk Supplement: Product Offerings
Table 49 Bulk Supplement: Product Offerings
Table 50 Growing Naturals Product Offerings
Table 51 Sunwarrior: Product Offerings
Table 52 Global Plant-Based Protein Market by Product 2019-2025 ($ billion)
Table 53 Global Plant-Based Protein Powder Market by Geography 2019-2025 ($ billion)
Table 54 Global Plant-Based Protein Bar Market by Geography 2019-2025 ($ billion)
Table 55 Global Plant-Based RTD Market by Geography 2019-2025 ($ billion)
Table 56 Global Other Plant-Based Protein Products by Geography 2019-2025 ($ billion)
Table 57 Global Plant-based Protein Market by Product 2019-2025 ($ billion)
Table 58 Global Soy Protein Market by Geography 2019-2025 ($ billion)
Table 59 Global Pea Protein Market by Geography2019-2025 ($ billion)
Table 60 Global Rice Protein Market 2019-2025 ($ billion)
Table 61 Global Other Protein Market by Geography 2019-2025 ($ billion)
Table 62 Global Plant-based Protein Market by Application 2019-2025 ($ billion)
Table 63 Global Plant-Based Protein in Sports Nutrition by Geography 2019-2025 ($ billion)
Table 64 Global Plant-based Protein in Additional Nutrition by Geography 2019-2025 ($ billion)
Table 65 Global Plant-Based Protein Market by Geography 2019-2025 ($ billion)
Table 66 Plant-based Protein Market in North America by Source 2019-2025 ($ billion)
Table 67 Plant-based Protein Market in North America by Product 2019-2025 ($ billion)
Table 68 Plant-based Protein Market in North America by Application 2019-2025 ($ billion)
Table 69 Plant-based Protein Market in Europe by Source 2019-2025 ($ billion)
Table 70 Plant-based Protein Market in Europe by Product 2019-2025 ($ billion)
Table 71 Plant-based Protein Market in Europe by Application 2019-2025 ($ billion)
Table 72 Plant-based Protein Market in APAC by Source 2019-2025 ($ billion)
Table 73 Plant-based Protein Market in APAC by Product 2019-2025 ($ billion)
Table 74 Plant-based Protein Market in APAC by Application 2019-2025 ($ billion)
Table 75 Plant-based Protein Market in Latin America by Source 2019-2025 ($ billion)
Table 76 Plant-based Protein Market in Latin America by Product 2019-2025 ($ billion)
Table 77 Plant-based Protein Market in Latin America by Application 2019-2025 ($ billion)
Table 78 Plant-based Protein Market in MEA by Source 2019-2025 ($ billion)
Table 79 Plant-based Protein Market in MEA by Product Type 2019-2025 ($ billion)
Table 80 Plant-based Protein Market in MEA by Application Type 2019-2025 ($ billion)
