Vegan Protein Powder Trends and Forecast
The future of the global vegan protein powder market looks promising with opportunities in the dietary supplement and sport nutrition markets. The global vegan protein powder market is expected to grow with a CAGR of 8.1% from 2024 to 2030. The major drivers for this market are growing awareness about health and nutritional benefits, rising awareness about environmental impact of animal agriculture, and growing consumer interest in plant-based nutrition.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Vegan Protein Powder by Segment
The study includes a forecast for the global vegan protein powder by source, flavor, distribution channel, end use, and region.
Vegan Protein Powder Market by Source [Shipment Analysis by Value from 2018 to 2030]:
• Hemp Protein
• Pea Protein
• Brown Rice Protein
• Soy Protein
• Algae-Based (Spirulina)
• Protein Blends
Vegan Protein Powder Market by Flavor [Shipment Analysis by Value from 2018 to 2030]:
• Chocolate & Coffee
• Vanilla
• Strawberry
• Banana
• Unflavored
Vegan Protein Powder Market by Distribution Channel [Shipment Analysis by Value from 2018 to 2030]:
• Online
• Offline
Vegan Protein Powder Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Dietary Supplements
• Sports Nutrition
Vegan Protein Powder Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Vegan Protein Powder Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies vegan protein powder companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the vegan protein powder companies profiled in this report include-
• Bactolac Pharmaceutical
• Archer Daniels Midland
• AMCO Proteins
• Titan Biotech
• SMP Nutra
• AGT Foods
• A&B ingredients
• Garden of Life
• Sunwarrior
• Orgain
Vegan Protein Powder Market Insights
Lucintel forecasts that pea protein will remain the largest segment over the forecast period because it is quickly absorbed and accepted by a large number of clients.
Within this market, dietary supplements will remain the larger segment due to increasing popularity among fitness enthusiasts, vegan athletes, and people who engage in strenuous physical activity.
North America is expected to witness highest growth over the forecast period due to increase in the number of people adopting vegan and vegetarian diets in the region.
Features of the Global Vegan Protein Powder Market
Market Size Estimates: Vegan protein powder market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Vegan protein powder market size by source, flavor, distribution channel, end use, and region in terms of value ($B).
Regional Analysis: Vegan protein powder market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different source, flavor, distribution channel, end use, and regions for the vegan protein powder market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the vegan protein powder market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for vegan protein powder market?
Answer: The global vegan protein powder market is expected to grow with a CAGR of 8.1% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the vegan protein powder market?
Answer: The major drivers for this market are growing awareness about health and nutritional benefits, rising awareness about environmental impact of animal agriculture, and growing consumer interest in plant-based nutrition.
Q3. What are the major segments for vegan protein powder market?
Answer: The future of the global vegan protein powder market looks promising with opportunities in the dietary supplement and sport nutrition markets.
Q4. Who are the key vegan protein powder market companies?
Answer: Some of the key vegan protein powder companies are as follows:
• Bactolac Pharmaceutical
• Archer Daniels Midland
• AMCO Proteins
• Titan Biotech
• SMP Nutra
• AGT Foods
• A&B ingredients
• Garden of Life
• Sunwarrior
• Orgain
Q5. Which vegan protein powder market segment will be the largest in future?
Answer: Lucintel forecasts that pea protein will remain the largest segment over the forecast period because it is quickly absorbed and accepted by a large number of clients.
Q6. In vegan protein powder market, which region is expected to be the largest in next 5 years?
Answer: North America is expected to witness highest growth over the forecast period due to increase in the number of people adopting vegan and vegetarian diets in the region.
Q.7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the vegan protein powder market by source (hemp protein, pea protein, brown rice protein, soy protein, algae-based (spirulina), and protein blends), flavor (chocolate & coffee, vanilla, strawberry, banana, and unflavored), distribution channel (online and offline), end use (dietary supplements and sports nutrition), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Vegan Protein Powder Market, Vegan Protein Powder Market Size, Vegan Protein Powder Market Growth, Vegan Protein Powder Market Analysis, Vegan Protein Powder Market Report, Vegan Protein Powder Market Share, Vegan Protein Powder Market Trends, Vegan Protein Powder Market Forecast, Vegan Protein Powder Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.