Proteins are known as a basic supplement for the human body. They are essential for proper maintenance as well as the growth of the human body. Proteins are available in a wide range of foods. However, there is an increasing demand for vegan protein products due to the increasing trend of veganism and lactose intolerance among consumers; this is creating demand for vegan protein drinks. Vegan protein drinks are mainly prepared with soy milk, pea protein, and other ingredients. And these products are available in different flavors such as vanilla, chocolate, fruits, and others.
MARKET DYNAMICS
The vegan protein drinks market has witnessed significant growth owing to factors such as increasing preference towards veganism and growing preference for sugar-free vegan protein drinks. A vegan protein drink is an easy, no-prep way to boost the protein content in the body for the day. This drink simply means that the protein is coming from plant sources such as nuts, grains, seeds, legumes rather than animal products like dairy, meat, and eggs. It is the best choice for those consumers avoiding consumption of meat-protein and lactose. All these factors are fuelling the studied market growth. Additionally, the availability of these products in both the online and offline retail outlets with convenient packaging is contributing to the market growth. However, the high price of these products as compared to the conventional ones may hamper the growth of the vegan protein drinks market. Nevertheless, with the steady growth in the food and beverage processing industry, there are opportunities for the market players to invest in this market.
MARKET SCOPE
The "Global Vegan Protein Drinks Market Analysis to 2028" is a specialized and in-depth study of the food and beverages industry with a special focus on the global market trend analysis. The report aims to provide an overview of the vegan protein drinks market with detailed market segmentation by flavor, category, distribution channel, and geography. The global vegan protein drinks market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading vegan protein drinks market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global vegan protein drinks market is segmented on the basis of flavor, category, and distribution channel. On the basis of flavor, the vegan protein drinks market is segmented into FRUITS, VANILLA, chocolate, blends, and others. The vegan protein drinks market on the basis of the category is classified into conventional and sugar-free. On the basis of distribution channel, global vegan protein drinks market is bifurcated into supermarkets & hypermarkets, convenience stores, online retailers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global vegan protein drinks market based on various segments. It also provides market size and forecast estimates from the year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The vegan protein drinks market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the vegan protein drinks market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the vegan protein drinks market in these regions.
MARKET PLAYERS
The reports cover various key developments in the global vegan protein drinks market. Various companies are focusing growth strategies such as product launches, product approvals and others such as patents and events. Some of the growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from vegan protein drinks market are anticipated to lucrative growth opportunities in the future with the rising demand for vegan protein drinks in the global market. Below mentioned is the list of few companies engaged in the vegan protein drinks market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vegan protein drinks market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- MS Brands Inc.
- Cargill Inc. (Puris)
- CytoSport, Inc.
- Garden of Life
- Orgain. Inc.
- OWYN
- PlantFusion
- QNT s.a
- Ripple Foods
- Others
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.