The global demand for Vegan Protein Powder Market is presumed to reach the valuation of nearly USD XX MN by 2026 from USD XX MN in 2019 with a CAGR of XX% under the study period of 2020 - 2026.
Vegan protein powder is a type of diet supplement that contains a concentrated amount of protein obtained from plant-based sources. It is dairy and lactose-free and is obtained from hemp, peas, brown rice, and various other plant products. They can be added to smoothies, baked goods like pancakes, puddings, desserts, or mixed with almond milk/water for a drink. It is used to increase protein intake, promote muscle growth and repair, enhance exercise performance, or boost caloric intake for healthy weight gain. Some of these protein powders contain omega-3 fatty acids, which have been shown to reduce inflammation, protect against neurodegenerative disorders, and lower cholesterol levels. Protein powders are available in many different forms depending on the processing method and their macronutrients.
The rising importance of a vegan diet and the increased use of nutritional supplements will be the primary stimulant for this growth market. Growing demand for dietary supplements for use as a post-workout meal or to improve performance by endurance athletes, fitness enthusiasts, and professional athletes will boost the market growth. The growing awareness about the benefits of a vegan diet to humanity and the environment will be a market booster. Rapid innovation for manufacturing protein powder containing an extensive range of amino acids and offering several health benefits will further propel market growth. The various barriers affecting this market’s growth are the high costs of vegan protein powder and the possibility of contamination due to toxins from the soil.
The report covers Porter’s Five Forces Model, Market Attractiveness Analysis and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level.
Additionally, these tools also give inclusive assessment of each application/product segment in the global market of vegan protein powder.
The entire vegan protein powder market has been sub-categorized into type, application and form. The report provides an analysis of these subsets with respect to the geographical segmentation. This research study will keep marketer informed and helps to identify the target demographics for a product or service.
- Adult Male
- Adult Female
This section covers regional segmentation which accentuates on current and future demand for vegan protein powder market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand for individual application segment across all the prominent regions.
Europe Vegan Protein Powder Market By Revenue (USD MN)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the vegan protein powder market include Country Life, LLC, Hammer Nutrition Direct, Ghost LLC, Australian Natural Protein Company, Garden of Life, LLC, ALOHA, Puris, Genuine Health, Inc., Reliance Private Label Supplements, Vitamer Laboratories. This section includes a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications.
If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.