Vegan Protein Market: Global Industry Analysis and Trends (2021-2027), Key Trends, Technology Trends, Market Share, Market Size.

Vegan Protein Market size was valued at US$ 10.30 Bn. in 2020 and the total revenue is expected to grow at 7.22 % through 2021 to 2027, reaching nearly US$ 16.78 Bn.

Vegan Protein Market Overview:

Protein is one of the most essential nutrients for maintaining good health. Vegan protein is made up of plant-based proteins. Plant-based protein is another name for it. Oats, green peas, lentils, leafy greens & vegetables, and quinoa are just a few examples of vegan protein sources. In the coming years, the vegan protein market is expected to increase rapidly. Vegan protein producers have a significant business opportunity on the world stage. Vegan protein is being manufactured and supplied by a broad number of market participants. Vegan Protein Market To know about the Research Methodology :- Request Free Sample Report 2020 is considered as a base year to forecast the market from 2021 to 2027. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2027. 2020 is a year of exception and analysed specially with the impact of lockdown by region.

Vegan Protein Market Dynamics:

The need for vegan protein in day-to-day dietary continues to grow as the demand for more organic and natural food grows in comparison to synthetic food. Vegan protein makers continue to profit from aesthetic and bodybuilding uses. Vegan protein sales have had cyclical ups and downs, which has been an ongoing problem for manufacturers. The variation was most noticeable since most end-users preferred animal-based protein over plant-based protein, for which producers were unprepared in terms of capacity use and extension. Vegan protein is commonly used to aid weight loss and muscle strengthening, in addition to being a necessary macronutrient for tissue repair, enzymes, and hormone production. Vegan proteins are becoming more popular as a way to reduce the risk of type 2 diabetes and cardiovascular disease associated with animal eating. On the other hand, the overall growth of the vegan protein market is likely to be constrained by a lack of knowledge about veganism in developing nations and excessive meat consumption. Furthermore, conventional formulations offer a poor mix of nutritional profiles, as well as issues with texture, taste, and digestion. Vegan Protein Market 1

Vegan Protein Consumption is likely to increase in the Sports Nutrition Economy:

The COVID-19-induced slowdown has harmed a wide range of industries around the world; however, some have managed to survive it. Owing to increasing consumer awareness, an increase in the number of fitness centers, and a desire to live active and healthy lifestyles in the face of the COVID-19 pandemic, the vegan protein supplement market has experienced enormous growth. Vegan protein makers are anticipated to see continued opportunities in the foreseeable future, as enhancing fitness and immunity remains a significant emphasis area for end-users. In the sports nutrition sector, vegan protein is also widely employed. Despite the fact that lockdown and shelter-at-home guidelines have limited sporting activities, sales are expected to increase over the course of the evaluation period due to an increase in the vegan population and the number of online health clubs.

Global Vegan Protein Market Segment Analysis:

Based on the Source, the global Vegan Protein market is sub-segmented into Quinoa, Green peas, Oats, Nuts (Almond, Cashew, Walnut, Pistachio, and Hazelnut), Soy, Leafy greens & vegetables, and others. The Soy segment held the largest market share of 60% in 2020. The increased demand for organic products, government backing for organic farming, the growing vegan population, and the excellent nutritional value of soy are all factors contributing to the growth of soy vegan protein. The demand for soy protein is predicted to increase as consumers become more aware of the health and nutritional benefits of organic foods, as well as the numerous end-use applications for soy vegan protein. However, wheat and pea alternatives are expected to witness higher growth rates, eating into the demand for soy vegan protein powders, because of better nutritional profiles and cost benefits, mainly in the food processing sector. Vegan Protein Market 2Based on the Form, the global Vegan Protein market is sub-segmented into Powder and Liquid. The vegan protein powder held the largest market share of xx% in 2020. Because of its use in a variety of food and beverage industries, like food processing, animal feed composition development, nutritional goods, and retail, to name a few. Vegan protein powder comes from plant sources such as nuts, seeds, grains, and legumes rather than animal goods such as dairy, meat, and eggs. Plant-based protein powders include soy, hemp, pea, maize, and hazelnut. The industry is likely to develop in the next years as people become more interested in vegan diets due to the increased risk of cardiovascular disease and type 2 diabetes linked with meat intake. Vegan Protein Market 3

Global Vegan Protein Market Regional Insights:

North America held the largest share of xx% in 2020. Vegan protein/plant-based diets are consumed by over 10 million Americans, accounting for nearly 3% of the population. This represents a nearly 300 percent growth over the previous 15 years. During the forecasted period 2021-2031, the vegan protein market in the United States is expected to follow the traditional pattern of boom and bust. With an increase in the vegan population, demand is expected to skyrocket in the next years. The sports nutrition business will drive demand for vegan protein in the United States and Canada. The North American market is projected to be fueled by rising consumer health consciousness and the growth of vegan populations. Europe is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. This is mostly due to increased consumer knowledge of the environmental effect of animal products as well as the health benefits of a plant-based diet, both of which contribute to Europe's long-term growth. Vegan protein is projected to be in increased demand in developed economies such as Germany and the United Kingdom. According to the Global Agriculture Information Network, approximately 63 percent of the population in the area is attempting to reduce meat consumption, with many opting for veganism as a lifestyle choice. The objective of the report is to present a comprehensive analysis of the global Vegan Protein Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market has been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The reports also helps in understanding the global Vegan Protein Market dynamic, structure by analyzing the market segments and project the global Vegan Protein Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Vegan Protein Market make the report investor’s guide.

Global Vegan Protein Market Scope: Inquire before buying

Global Vegan Protein Market
Report Coverage Details
Base Year: 2020 Forecast Period: 2021-2027
Historical Data: 2016 to 2020 Market Size in 2020: US $ 10.30 Bn.
Forecast Period 2021 to 2027 CAGR: 7.22% Market Size in 2027: US $ 16.78 Bn.
Segments Covered: by Source • Quinoa • Green peas • Oats • Nuts • Almond • Cashew • Walnut • Pistachio • Hazelnut • Soy • Leafy greens & vegetables • Others (Amaranth, Potatoes, Rice, etc.)
by Nature • Organic • Conventional
by Form •Powder • Liquid
by Flavor • Chocolate • Vanilla • Strawberry • Others (Banana, Mixed berries)
by Application •Beverages • Supplements • Nutritional powders • Dairy products • Snacks • Others (bars, human food, and animal food)

Global Vegan Protein Market, by Region

• North America • Europe • Asia Pacific • South America • Middle East and Africa

Global Vegan Protein Market Key Players

• 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 • Manitoba Harvest Hemp Foods • Sequel Natural Ltd. • Riff Enterprises, Inc. • Orgain, Inc. • Biooriginal Food & Science Corp • GoMacro • WhiteWave Foods • Naked Nutrition • Private Label Superfoods • Growing Naturals • KOS • MRM Nutrition

Frequently Asked Questions:

1] What segments are covered in Vegan Protein Market report? Ans. The segments covered in Vegan Protein Market report are based on Source, Nature, Form, Flavor and Application. 2] Which region is expected to hold the highest share in the global Vegan Protein Market? Ans. North America are expected to hold the highest share in the global Vegan Protein Market. 3] What is the market size of global Vegan Protein Market by 2027? Ans. The market size of global Vegan Protein Market by 2027 is US $ 16.78 Bn. 4] Who are the top key players in the global Vegan Protein Market? Ans. Country Life, LLC, Hammer Nutrition Direct, Ghost LLC, Australian Natural Protein Company and Garden of Life, LLC are the top key players in the global Vegan Protein Market. 5] What was the market size of global Vegan Protein Market in 2020? Ans. The market size of global Vegan Protein Market in 2020 was US $ 10.30 Bn.
1. Global Vegan Protein Market: Research Methodology 2. Global Vegan Protein Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Vegan Protein Market 2.2. Summary 2.1.1. Key Findings 2.1.2. Recommendations for Investors 2.1.3. Recommendations for Market Leaders 2.1.4. Recommendations for New Market Entry 3. Global Vegan Protein Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11 Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12 COVID-19 Impact 4. Global Vegan Protein Market Segmentation 4.1 Global Vegan Protein Market, by Source (2020-2027) • Quinoa • Green peas • Oats • Nuts o Almond o Cashew o Walnut o Pistachio o Hazelnut • Soy • Leafy greens & vegetables • Others (Amaranth, Potatoes, Rice, etc.) 4.2 Global Vegan Protein Market, by Nature (2020-2027) • Organic • Conventional 4.3 Global Vegan Protein Market, by Form (2020-2027) • Powder • Liquid 4.4 Global Vegan Protein Market, by Flavor (2020-2027) • Chocolate • Vanilla • Strawberry • Others (Banana, Mixed berries) 4.5 Global Vegan Protein Market, by Application (2020-2027) • Beverages • Supplements • Nutritional powders • Dairy products • Snacks • Others (bars, human food, and animal food) 5. North America Vegan Protein Market(2020-2027) 5.1 Global Vegan Protein Market, by Source (2020-2027) • Quinoa • Green peas • Oats • Nuts o Almond o Cashew o Walnut o Pistachio o Hazelnut • Soy • Leafy greens & vegetables • Others (Amaranth, Potatoes, Rice, etc.) 5.2 Global Vegan Protein Market, by Nature (2020-2027) • Organic • Conventional 5.3 Global Vegan Protein Market, by Form (2020-2027) • Powder • Liquid 5.4 Global Vegan Protein Market, by Flavor (2020-2027) • Chocolate • Vanilla • Strawberry • Others (Banana, Mixed berries) 5.5 Global Vegan Protein Market, by Application (2020-2027) • Beverages • Supplements • Nutritional powders • Dairy products • Snacks • Others (bars, human food, and animal food) 5.6 North America Vegan Protein Market, by Country (2020-2027) • United States • Canada • Mexico 6. Asia Pacific Vegan Protein Market (2020-2027) 6.1. Asia Pacific Vegan Protein Market, by Source (2020-2027) 6.2. Asia Pacific Vegan Protein Market, by Nature (2020-2027) 6.3. Asia Pacific Vegan Protein Market, by Form (2020-2027) 6.4. Asia Pacific Vegan Protein Market, by Flavor (2020-2027) 6.5. Asia Pacific Vegan Protein Market, by Application (2020-2027) 6.6. Asia Pacific Vegan Protein Market, by Country (2020-2027) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 7. Middle East and Africa Vegan Protein Market (2020-2027) 7.1 Middle East and Africa Vegan Protein Market, by Source (2020-2027) 7.2. Middle East and Africa Vegan Protein Market, by Nature (2020-2027) 7.3. Middle East and Africa Vegan Protein Market, by Form (2020-2027) 7.4. Middle East and Africa Vegan Protein Market, by Flavor (2020-2027) 7.5. Middle East and Africa Vegan Protein Market, by Application (2020-2027) 7.6. Middle East and Africa Vegan Protein Market, by Country (2020-2027) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 8. Latin America Vegan Protein Market (2020-2027) 8.1. Latin America Vegan Protein Market, by Source (2020-2027) 8.2. Latin America Vegan Protein Market, by Nature (2020-2027) 8.3. Latin America Vegan Protein Market, by Form (2020-2027) 8.4. Latin America Vegan Protein Market, by Flavor (2020-2027) 8.5. Latin America Vegan Protein Market, by Application (2020-2027) 8.6. Latin America Vegan Protein Market, by Country (2020-2027) • Brazil • Argentina • Rest Of Latin America 9. European Vegan Protein Market (2020-2027) 9.1. European Vegan Protein Market, by Source (2020-2027) 9.2. European Vegan Protein Market, by Nature (2020-2027) 9.3. European Vegan Protein Market, by Form (2020-2027) 9.4. European Vegan Protein Market, by Flavor (2020-2027) 9.5. European Vegan Protein Market, by Application (2020-2027) 9.6. European Vegan Protein Market, by Country (2020-2027) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 10. Company Profile: Key players 10.1. Country Life, LLC. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Hammer Nutrition Direct 10.3. Ghost LLC 10.4. Australian Natural Protein Company 10.5. Garden of Life, LLC 10.6. ALOHA 10.7. Puris 10.8. Genuine Health, Inc. 10.9. Reliance Private Label Supplements 10.10. Vitamer Laboratories 10.11. Manitoba Harvest Hemp Foods 10.12. Sequel Natural Ltd. 10.13. Riff Enterprises, Inc. 10.14. Orgain, Inc. 10.15. Biooriginal Food & Science Corp 10.16. GoMacro 10.17. WhiteWave Foods 10.18. Naked Nutrition 10.19. Private Label Superfoods 10.20. Growing Naturals 10.21. KOS 10.22. MRM Nutrition

About This Report

Report ID 87218
Category Food & Beverages
Published Date March 2021
Updated Date Nov 2021
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