PUBLISHER: Value Market Research | PRODUCT CODE: 1547733
PUBLISHER: Value Market Research | PRODUCT CODE: 1547733
The global demand for Vegan Protein Powder Market is presumed to reach the market size of nearly USD 1017.29 Million by 2032 from USD 426.87 Million in 2023 with a CAGR of 10.13% under the study period 2024-2032.
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 research 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 an inclusive assessment of each segment in the global market of Vegan Protein Powder. The growth and trends of Vegan Protein Powder industry provide a holistic approach to this study.
This section of the Vegan Protein Powder market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
This section covers the regional outlook, which accentuates current and future demand for the Vegan Protein Powder market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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 Bactolac Pharmaceutical Inc., Archer Daniels Midland Company, AMCO Proteins, Titan Biotech Limited, SMP Nutra, AGT Foods, A&B Ingredients, Garden Of Life, Sunwarrior LLC, Orgain Inc. This section consists of 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.
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