Global Vegan Protein Powder Market Research 2024, Forecast To 2033
8 Mar, 2024
The vegan protein powder market expanded from $4.51 billion in 2023 to $4.87 billion in 2024, with a 7.9% CAGR, due to health consciousness and plant-based trends. Forecasts indicate growth to $6.66 billion by 2028, fueled by sustainable products demand and government initiatives, with trends in plant protein extraction and personalized nutrition.
Global Vegan Protein Powder Market Key Driver
The rise in the vegan population is propelling growth in the vegan protein powder market. As more individuals adopt vegan diets, the demand for vegan protein powder increases. For instance, the U.S. Department of Agriculture reported a significant increase in veganism, driving market growth.
Get A Free Sample Of The Global Vegan Protein Powder Market ReportGlobal Vegan Protein Powder Market Segments
The vegan protein powder market covered in this report is segmented –
1) Type:Soy Protein, Spirulina Protein, Wheat Protein, Pumpkin Seed Protein, Hemp Protein, Pea Protein, Rice Protein, Other Types
2) Age Group:Millennials, Generation X, Baby Boomers
3) Nature:Organic, Conventional
4) Distribution Channel:Modern Groceries, Online Retail Or E-Commerce, Natural And Specialty Retail, Pharmacies And Drug Stores, Health Food Stores, Convenience Stores, Other Distribution Channels
5) Application:Sports Nutrition, Additional Nutrition
By Geography: The countries covered in the vegan protein powder market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the vegan protein powder market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vegan protein powder market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Vegan Protein Powder Industry Players
Cargill Incorporated.; Archer-Daniels-Midland Company; Abbott Laboratories Ltd.; Kerry Group plc; Amway Corporation; Ingredion Incorporated; Glanbia plc; GNC Holdings LLC; The Scoular Company; Now Health Group Inc.; Farbest-Tallman Foods Corp; MusclePharm Corp; Nutiva Inc.; Nutrivo LLC; True Nutrition; Transparent Labs LLC; Nutrex Research Inc.; Optimum Nutrition Inc.; Sunwarrior LLC.; Garden of Life LLC; Supplement Manufacturing Partners (SMP Nutra); Archon Vitamin LLC; A&B Ingredients Inc.; The Green Lab LLC; Naked Nutrition International; Orgain Inc.; AGT Food and Ingredients Inc.; Zywie Ventures Private Limited; Nuzest IP Pty Limited; GlobalRidge LLC
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Vegan Protein Powder Market Overview
Vegan protein powders refer to plant dietary supplements that support hormone and enzyme production, muscular growth, and tissue repair. Vegan protein powder is a dairy-free option that provides essential amino acids to promote weight loss and muscle building.