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Vegan Protein Powder Market Size, Trends, Analysis, and Outlook By Source (Hemp Protein, Pea Protein, Brown Rice Protein, Soy Protein, Algae-based, Protein Blends), By Flavor (Chocolate, Vanilla, Strawberry, Banana, Unflavored), By End-User (Dietary Supplements, Sports Nutrition), By Distribution Channel (Online, Offline), by Country, Segment, and Companies, 2024-2032

October 2024 | 190 pages | ID: V3AA3935059BEN
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Global Vegan Protein Powder Market Size is valued at $386.1 Million in 2024 and is forecast to register a growth rate (CAGR) of 9.8% to reach $815.7 Million by 2032.

The vegan protein powder market is witnessing rapid growth as fitness enthusiasts and health-conscious consumers seek plant-based protein sources. Pea, hemp, and brown rice protein are popular alternatives to whey, with clean-label, allergen-free, and sustainable sourcing becoming key selling points. Innovations in flavor and nutrient combinations are further propelling the market.

Vegan Protein Powder Market Drivers, Trends, Opportunities, and Growth Opportunities

The comprehensive report presents unique market trends and challenges shaping the outlook for industry stakeholders. The Future of Vegan Protein Powder survey report provides the market size outlook across types, applications, and segments globally and regionally. It also offers data-driven insights and actionable recommendations for companies in the Vegan Protein Powder industry.

Key market trends defining the global Vegan Protein Powder demand in 2025 and Beyond

The Vegan Protein Powder industry remains an attractive hub for both domestic and global vendors. As we enter 2025, demand from end-user sectors, changes in consumption patterns, new product launches, and widening distribution channels will play major roles.

Vegan Protein Powder Market Segmentation- Industry Share, Market Size, and Outlook to 2032

Rising demand for diverse products and applications fuels the increased investments in niche segments. Leading companies focus on generating a large share of their future revenue growth by expanding into these niche segments. The report presents a market size outlook across segments, supporting companies scaling up production with a focus on potential countries.

Key strategies adopted by companies within the Vegan Protein Powder industry

Leading Vegan Protein Powder companies are boosting investments to capitalize on untapped potential and future possibilities across niche market segments and surging demand conditions. In particular, companies that leverage advanced technologies to achieve operational excellence are set to gain significant revenues. The report details the key strategies adopted by the top 10 Vegan Protein Powder companies.

Vegan Protein Powder Market Study- Strategic Analysis Review

The market research report dives deep into qualitative factors shaping the market, empowering you to make informed decisions.

- Industry Dynamics: Porter's Five Forces analysis to understand bargaining power, competitive rivalry, and threats that impact long-term strategy formulation.

- Strategic Insights: Provides valuable perspectives on key players and their approaches based on comprehensive strategy analysis.

- Internal Strengths and Weaknesses: Develop targeted strategies to leverage strengths, address weaknesses, and capitalize on market opportunities.

- Future Possibilities: Prepare for diverse outcomes with in-depth scenario analysis. Explore potential market disruptions, technology advancements, and economic changes.

Vegan Protein Powder Market Size Outlook- Historic and Forecast Revenue in Three Cases

The Vegan Protein Powder industry report provides a detailed analysis and outlook of revenue generated by companies from 2018 to 2023. With actual data for 2023, the report forecasts the market size outlook from 2024 to 2032 in three scenarios: low case, reference case, and high case.

Vegan Protein Powder Country Analysis and Revenue Outlook to 2032

The report analyzes 22 countries worldwide, including key driving forces and market size outlook from 2021 to 2032. Additionally, it includes region analysis across Asia Pacific, Europe, the Middle East, Africa, North America, and South America. For each region, the market size outlook by segments is forecast for 2032.

North America Vegan Protein Powder Market Size Outlook- Companies plan for focused investments in a changing environment

The US remains the market leader in North America, driven by a large consumer base, well-established providers, and strong infrastructure. Leading companies focus on new product launches in a changing environment. The US GDP is expected to grow from $28,781.1 Billion in 2024 to $36,621 Billion in 2030, driving demand for various Vegan Protein Powder market segments. Similarly, strong market demand encourages Canadian Vegan Protein Powder companies to invest in niche segments. Mexico's investment in technological advancements positions it for significant market expansion.

Europe Vegan Protein Powder Market Size Outlook- Companies investing in assessing consumers, categories, competitors, and capabilities.

The German Vegan Protein Powder industry remains the major market for companies in the European Vegan Protein Powder industry with consumers in Germany, France, the UK, Spain, Italy, and others anticipated to register a steady demand throughout the forecast period, driving the overall market prospects. In addition, the proactive approach of vendors in identifying and leveraging new growth prospects positions the European Vegan Protein Powder market fostering both domestic and international interest. Leading brands operating in the industry are emphasizing effective marketing strategies, innovative product offerings, and addressing niche consumer segments.

Asia Pacific Vegan Protein Powder Market Size Outlook- an attractive hub for opportunities for both local and global companies

The increasing pool of consumer base, robust consumption expenditure, and increasing investments in manufacturing drive the demand for Vegan Protein Powder in Asia Pacific. In particular, China, India, and South East Asian Vegan Protein Powder markets present a compelling outlook for 2032, attracting both domestic and multinational vendors seeking growth opportunities. Similarly, with a burgeoning population and a rising middle class, India offers a vast consumer market. Japanese and Korean companies are quickly aligning their strategies to navigate market changes, explore new markets, and enhance their competitive edge. Our report utilizes in-depth interviews with industry experts and comprehensive data analysis to provide a comprehensive outlook of 6 major countries in the APAC region.

Latin America Vegan Protein Powder Market Size Outlook- Continued urbanization and rising income levels

Rising income levels contribute to higher purchasing power among consumers, spurring consumption and creating opportunities for market expansion. Continued urbanization and rising income levels are expected to sustainably drive consumption growth in the medium to long term.

Middle East and Africa Vegan Protein Powder Market Size Outlook- continues its upward trajectory across segments.

Robust demand from Middle Eastern countries including Saudi Arabia, the UAE, Qatar, Kuwait, and other GCC countries supports the overall Middle East Vegan Protein Powder market potential. Fuelled by increasing consumption expenditure of individuals and growing population drive the demand for Vegan Protein Powder.

Vegan Protein Powder Company Profiles

The global Vegan Protein Powder market is characterized by intense competitive conditions with leading companies opting for aggressive marketing to gain market shares. The report presents business descriptions, SWOT analysis, growth strategies, and financial profiles. The leading companies included in the study are A&B ingredients, AGT Foods, AMCO Proteins, Archer Daniels Midland Company, Bactolac Pharmaceutical Inc, Garden of Life, Orgain Inc, SMP Nutra, Sunwarrior LLC, Titan Biotech Ltd.

Recent Vegan Protein Powder Market Developments

The global Vegan Protein Powder market study presents recent market news and developments including new product launches, mergers, acquisitions, expansions, product approvals, and other updates in the industry.

Vegan Protein Powder Market Report Scope

Parameters: Revenue, Volume Price

Study Period: 2023 (Base Year); 2018- 2023 (Historic Period); 2024- 2032 (Forecast Period)

Currency: USD; (Upon request, can be provided in Euro, JPY, GBP, and other Local Currency)

Qualitative Analysis
  • Pricing Analysis
  • Value Chain Analysis
  • SWOT Profile
  • Market Dynamics- Trends, Drivers, Challenges
  • Porter’s Five Forces Analysis
  • Macroeconomic Impact Analysis
  • Case Scenarios- Low, Base, High
Market Segmentation:

By Source

Hemp Protein

Pea Protein

Brown Rice Protein

Soy Protein

Algae-based

Protein Blends

By Flavor

Chocolate

Vanilla

Strawberry

Banana

Unflavored

By End-User

Dietary Supplements

Sports Nutrition

By Distribution Channel

Online

Offline

Geographical Segmentation:
  • North America (3 markets)
  • Europe (6 markets)
  • Asia Pacific (6 markets)
  • Latin America (3 markets)
  • Middle East Africa (5 markets)
Companies

A&B ingredients

AGT Foods

AMCO Proteins

Archer Daniels Midland Company

Bactolac Pharmaceutical Inc

Garden of Life

Orgain Inc

SMP Nutra

Sunwarrior LLC

Titan Biotech Ltd

Formats Available: Excel, PDF, and PPT
CHAPTER 1: EXECUTIVE SUMMARY

1.1 Study Scope
1.2 Market Definition
1.3 Report Guide
  1.3.1 Country Coverage
  1.3.2 Companies Profiled
  1.3.3 Study Period: 2018 to 2023 and 2024 to 2032
  1.3.4 Units
1.4 Abbreviations

CHAPTER 2. VEGAN PROTEIN POWDER MARKET OVERVIEW- 2025

2.1 An Introduction to the Global Vegan Protein Powder Markets
2.2 Key Statistics
2.3 Region Benchmarking, 2024
2.4 Country Positioning Matrix, 2024

CHAPTER 3. STRATEGIC ANALYSIS REVIEW

3.1 Vegan Protein Powder Industry Stakeholders
3.2 Value Chain Analysis
3.3 Porter’s Five Forces Analysis
3.4 SWOT Profile
3.5 Recent Market Developments

CHAPTER 4. IMPACT ANALYSIS AND SCENARIO FORECASTS

4.1 Russia-Ukraine Conflict Analysis
4.2 COVID-19: Post Pandemic Recovery Analysis
4.3 US Inflation and Sluggish Growth in China
4.4 Focus on Sustainability
4.5 Low Growth Case Scenario: Global Vegan Protein Powder Market Outlook to 2032
4.6 Reference Case Scenario: Global Vegan Protein Powder Market Outlook to 2032
4.7 High Growth Case Scenario: Global Vegan Protein Powder Market Outlook to 2032

CHAPTER 5: VEGAN PROTEIN POWDER MARKET DYNAMICS

5.1 Key Vegan Protein Powder Market Trends
5.2 Potential Vegan Protein Powder Market Opportunities
5.3 Key Market Challenges

CHAPTER 6: GLOBAL VEGAN PROTEIN POWDER MARKET ANALYSIS AND OUTLOOK TO 2032

6.1 Global Market Outlook by Segments, 2021 to 2032
6.2 Source
Hemp Protein
Pea Protein
Brown Rice Protein
Soy Protein
Algae-based
Protein Blends
Flavor
Chocolate
Vanilla
Strawberry
Banana
Unflavored
End-User
Dietary Supplements
Sports Nutrition
Distribution Channel
Online
Offline
6.3 Global Market Outlook by Region, 2021 to 2032

CHAPTER 7: NORTH AMERICA VEGAN PROTEIN POWDER MARKET ANALYSIS AND OUTLOOK TO 2032

7.1 North America Market Outlook by Segments, 2021- 2032
7.2 Source
Hemp Protein
Pea Protein
Brown Rice Protein
Soy Protein
Algae-based
Protein Blends
Flavor
Chocolate
Vanilla
Strawberry
Banana
Unflavored
End-User
Dietary Supplements
Sports Nutrition
Distribution Channel
Online
Offline
7.3 North America Market Outlook by Country, 2021- 2032
  7.3.1 United States Vegan Protein Powder Market Size Forecast, 2021- 2032
  7.3.2 Canada Vegan Protein Powder Market Size Forecast, 2021- 2032
  7.3.3 Mexico Vegan Protein Powder Market Size Forecast, 2021- 2032

CHAPTER 8: EUROPE VEGAN PROTEIN POWDER MARKET ANALYSIS AND OUTLOOK TO 2032

8.1 Europe Market Outlook by Segments, 2021- 2032
8.2 Source
Hemp Protein
Pea Protein
Brown Rice Protein
Soy Protein
Algae-based
Protein Blends
Flavor
Chocolate
Vanilla
Strawberry
Banana
Unflavored
End-User
Dietary Supplements
Sports Nutrition
Distribution Channel
Online
Offline
8.3 Europe Market Outlook by Country, 2021- 2032
  8.3.1 Germany Vegan Protein Powder Market Size Forecast, 2021- 2032
  8.3.2 France Vegan Protein Powder Market Size Forecast, 2021- 2032
  8.3.3 United Kingdom Vegan Protein Powder Market Size Forecast, 2021- 2032
  8.3.4 Spain Vegan Protein Powder Market Size Forecast, 2021- 2032
  8.3.5 Italy Vegan Protein Powder Market Size Forecast, 2021- 2032
  8.3.6 Russia Vegan Protein Powder Market Size Forecast, 2021- 2032
  8.3.7 Rest of Europe Vegan Protein Powder Market Size Forecast, 2021- 2032

CHAPTER 9: ASIA PACIFIC VEGAN PROTEIN POWDER MARKET ANALYSIS AND OUTLOOK TO 2032

9.1 Asia Pacific Market Outlook by Segments, 2021- 2032
9.2 Source
Hemp Protein
Pea Protein
Brown Rice Protein
Soy Protein
Algae-based
Protein Blends
Flavor
Chocolate
Vanilla
Strawberry
Banana
Unflavored
End-User
Dietary Supplements
Sports Nutrition
Distribution Channel
Online
Offline
9.3 Asia Pacific Market Outlook by Country, 2021- 2032
  9.3.1 China Vegan Protein Powder Market Size Forecast, 2021- 2032
  9.3.2 India Vegan Protein Powder Market Size Forecast, 2021- 2032
  9.3.3 Japan Vegan Protein Powder Market Size Forecast, 2021- 2032
  9.3.4 South Korea Vegan Protein Powder Market Size Forecast, 2021- 2032
  9.3.5 Australia Vegan Protein Powder Market Size Forecast, 2021- 2032
  9.3.6 South East Asia Vegan Protein Powder Market Size Forecast, 2021- 2032
  9.3.7 Rest of Asia Pacific Vegan Protein Powder Market Size Forecast, 2021- 2032

CHAPTER 10: SOUTH AMERICA VEGAN PROTEIN POWDER MARKET ANALYSIS AND OUTLOOK TO 2032

10.1 South America Market Outlook by Segments, 2021- 2032
10.2 Source
Hemp Protein
Pea Protein
Brown Rice Protein
Soy Protein
Algae-based
Protein Blends
Flavor
Chocolate
Vanilla
Strawberry
Banana
Unflavored
End-User
Dietary Supplements
Sports Nutrition
Distribution Channel
Online
Offline
10.3 South America Market Outlook by Country, 2021- 2032
  10.3.1 Brazil Vegan Protein Powder Market Size Forecast, 2021- 2032
  10.3.2 Argentina Vegan Protein Powder Market Size Forecast, 2021- 2032
  10.3.3 Rest of South America Vegan Protein Powder Market Size Forecast, 2021- 2032

CHAPTER 11: MIDDLE EAST AND AFRICA VEGAN PROTEIN POWDER MARKET ANALYSIS AND OUTLOOK TO 2032

11.1 Middle East and Africa Market Outlook by Segments, 2021- 2032
11.2 Source
Hemp Protein
Pea Protein
Brown Rice Protein
Soy Protein
Algae-based
Protein Blends
Flavor
Chocolate
Vanilla
Strawberry
Banana
Unflavored
End-User
Dietary Supplements
Sports Nutrition
Distribution Channel
Online
Offline
11.3 Middle East and Africa Market Outlook by Country, 2021- 2032
  11.3.1 Saudi Arabia Vegan Protein Powder Market Size Forecast, 2021- 2032
  11.3.2 The UAE Vegan Protein Powder Market Size Forecast, 2021- 2032
  11.3.3 Rest of Middle East Vegan Protein Powder Market Size Forecast, 2021- 2032
  11.3.4 South Africa Vegan Protein Powder Market Size Forecast, 2021- 2032
  11.3.4 Rest of Africa Vegan Protein Powder Market Size Forecast, 2021- 2032

CHAPTER 12: COMPETITIVE LANDSCAPE

12.1 Competitive Analysis- Product Profile, SWOT, Financial Profiles
12.2 Key Companies Profiled in the Study
12.3 A&B ingredients
AGT Foods
AMCO Proteins
Archer Daniels Midland Company
Bactolac Pharmaceutical Inc
Garden of Life
Orgain Inc
SMP Nutra
Sunwarrior LLC
Titan Biotech Ltd

CHAPTER 13: SOURCES AND RESEARCH METHODOLOGY

13.1 Primary and Secondary Sources
13.2 Research Methodology
13.3 Data Triangulation and Validation
13.4 Assumptions and Limitations
13.5 Forecast Methodology
Appendix
A: Highlights of the Q4-2024 Version
B: Conclusion and Future Recommendations
C: Customization Options
D: Contact Information

LIST OF FIGURES

Figure 1: Country Analysis: Largest Market Share (%)- 2024 vs. 2032
Figure 2: GDP (Current Prices) Outlook by Country, 2010- 2032
Figure 3: Population Outlook by Country, 2010- 2032
Figure 4: Inflation Outlook by Country (%), 2024- 2032
Figure 5: Global Vegan Protein Powder Market Outlook by Type, 2021- 2032
Figure 6: Global Vegan Protein Powder Market Outlook by Application, 2021- 2032
Figure 7: Global Vegan Protein Powder Market Outlook by Region, 2021- 2032
Figure 8: North America Vegan Protein Powder Market Snapshot, Q4-2024
Figure 9: North America Vegan Protein Powder Market Size Forecast by Type, 2021- 2032
Figure 10: North America Vegan Protein Powder Market Size Forecast by Application, 2021- 2032
Figure 11: North America Vegan Protein Powder Market Share by Country, 2023
Figure 12: Europe Vegan Protein Powder Market Snapshot, Q4-2024
Figure 13: Europe Vegan Protein Powder Market Size Forecast by Type, 2021- 2032
Figure 14: Europe Vegan Protein Powder Market Size Forecast by Application, 2021- 2032
Figure 15: Europe Vegan Protein Powder Market Share by Country, 2023
Figure 16: Asia Pacific Vegan Protein Powder Market Snapshot, Q4-2024
Figure 17: Asia Pacific Vegan Protein Powder Market Size Forecast by Type, 2021- 2032
Figure 18: Asia Pacific Vegan Protein Powder Market Size Forecast by Application, 2021- 2032
Figure 19: Asia Pacific Vegan Protein Powder Market Share by Country, 2023
Figure 20: South America Vegan Protein Powder Market Snapshot, Q4-2024
Figure 21: South America Vegan Protein Powder Market Size Forecast by Type, 2021- 2032
Figure 22: South America Vegan Protein Powder Market Size Forecast by Application, 2021- 2032
Figure 23: South America Vegan Protein Powder Market Share by Country, 2023
Figure 24: Middle East and Africa Vegan Protein Powder Market Snapshot, Q4-2024
Figure 25: Middle East and Africa Vegan Protein Powder Market Size Forecast by Type, 2021- 2032
Figure 26: Middle East and Africa Vegan Protein Powder Market Size Forecast by Application, 2021- 2032
Figure 27: Middle East and Africa Vegan Protein Powder Market Share by Country, 2023
Figure 28: United States Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 29: Canada Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 30: Mexico Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 31: Germany Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 32: France Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 33: United Kingdom Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 34: Spain Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 35: Italy Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 36: Russia Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 37: Rest of Europe Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 38: China Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 39: India Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 40: Japan Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 41: South Korea Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 42: Australia Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 43: South East Asia Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 44: Rest of APAC Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 45: Brazil Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 46: Argentina Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 47: Rest of LATAM Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 48: Saudi Arabia Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 49: UAE Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 50: South Africa Vegan Protein Powder Market Size Outlook, $ Million, 2021- 2032
Figure 51: Research Methodology
Figure 52: Forecast Methodology

LIST OF TABLES

Table 1: Market Scope and Segmentation
Table 2: Global Vegan Protein Powder Market Size Outlook, $Million, 2021 to 2032
Table 3: Low Case Scenario Forecasts
Table 4: Reference Case Scenario Forecasts
Table 5: High Growth Scenario Forecasts
Table 6: Global Vegan Protein Powder Market Size Outlook by Segments, 2021- 2032
Table 7: Global Vegan Protein Powder Market Size Outlook by Region, 2021- 2032
Table 8: Country Mapping, 2023 vs. 2032
Table 9: North America- Vegan Protein Powder Market Outlook by Type, 2021- 2032
Table 10: North America- Vegan Protein Powder Market Outlook by Country, 2021- 2032
Table 11: Europe - Vegan Protein Powder Market Outlook by Type, 2021- 2032
Table 12: Europe - Vegan Protein Powder Market Outlook by Country, 2021- 2032
Table 13: Asia Pacific - Vegan Protein Powder Market Outlook by Type, 2021- 2032
Table 14: Asia Pacific - Vegan Protein Powder Market Outlook by Country, 2021- 2032
Table 15: South America- Vegan Protein Powder Market Outlook by Type, 2021- 2032
Table 16: South America- Vegan Protein Powder Market Outlook by Country, 2021- 2032
Table 17: Middle East and Africa - Vegan Protein Powder Market Outlook by Type, 2021- 2032
Table 18: Middle East and Africa - Vegan Protein Powder Market Outlook by Country, 2021- 2032
Table 19: Business Snapshots of Leading Vegan Protein Powder Companies
Table 20: Product Profiles of Leading Vegan Protein Powder Companies
Table 21: SWOT Profiles of Leading Vegan Protein Powder Companies


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