Protein is one of the most vital nutrients required for the body to maintain health and muscle development. Vegan protein powder is derived from plants and is also called plant-based protein. Oats, lentils, green peas, leafy vegetables are some of the sources that provide vegan protein. The vegan protein powder market will experience robust growth in the coming years. Manufacturers of vegan protein powder have ample opportunities, and the key players are launching innovative products to gain a considerable market share.
MARKET DYNAMICS
The vegan population is increasing across the globe. For instance, the vegan population in Great Britain quadrupled between 2014 and 2019. In 2014 there were 150,000 vegans, and it rose to 600,000 in 2019. Rising awareness regarding the health benefits of vegan protein powder augments adoption and consumption. In addition, demand for organic and clean label foods will continue to propel the demand during the forecast period.
MARKET SCOPE
The "Global Vegan Protein Powder 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 powder market with detailed market segmentation by source, nature, source, distribution channel, and geography. The global vegan protein powder 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 powder market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global vegan protein powder market is segmented on the basis of nature, source, and distribution channel. On the basis of type, vegan protein powder market is segmented into into soy, pea, nuts, and others. On the basis of nature, market is segmented into organic and conventional. On the basis of distribution channel, market is segmented into hypermarket and supermarket, convenience stores, online, 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 powder 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 powder 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 powder 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 powder market in these regions.
MARKET PLAYERS
The reports cover key developments in the vegan protein powder market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic 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 powder market are anticipated to lucrative growth opportunities in the future with the rising demand for organic shrimps in the global market. Below mentioned is the list of few companies engaged in the vegan protein powder market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the vegan protein powder 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.
- A&B Ingredients.
- ADM
- Cargill, Incorporated
- Four Sigmatic
- Glanbia plc
- Ingredion, Incorporated
- Olena Health
- Oziva
- The Green Labs LLC.
- The Scoular Company
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.