Vegan Protein Powder Market Business Strategies Are Crazy in Size and Reached $6032.7M in 2020 |  Zion Market Research - World News Report

Vegan Protein Powder Market Business Strategies Are Crazy in Size and Reached $6032.7M in 2020 | Zion Market Research – World News Report

Global Vegan Protein Powder Market by Region

Global Vegan Protein Powder Market

Global Vegan Protein Powder Market

Market share of vegan protein powders in the global market

Market share of vegan protein powders in the global market

The global market for vegan protein powders was $6,032.7 million in 2020 and is expected to reach $19,672.2 million by 2028, growing at a CAGR of 16.5% by 2021-2028.

With a market share of 39.92%, the vegetable segment dominated the global vegan protein powder market, the adult male segment is expected to grow at the fastest rate of 16.15% | To learn more, request a sample”

— Varsharani Lavate

SUITE N202, NEW YORK, USA, September 14, 2022 /EINPresswire.com/ — Growing awareness of the importance of healthy eating is one of Major Drivers of the Global Vegan Protein Powder Market. The global market for vegan protein powders was $6,032.7 million in 2020 and is expected to reach $19,672.2 million by 2028, growing at a CAGR of 16.5% between 2021 and 2028. Some of the key players operating in the vegan protein powder market are Health Warrior, Garden of Life, WhiteWave Foods, Private Label Superfoods, Australian Sports Nutrition, Glanbia plc, Hammer Nutrition and MRM among others. These players are committed to helping develop the global vegan protein powder market.

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Key players are currently focusing on strategies such as product innovation, mergers and acquisitions, latest developments, joint ventures, collaborations and partnerships to improve their market position in the global vegan protein powder market. For example, Glanbia Nutritionals, a wholly owned subsidiary of Glanbia PLC, has agreed to acquire Watson Inc., a manufacturer and supplier of custom nutritional premixes, baking ingredients, cling film and material conditioning solutions for food, food and beverages. personal care products and nutritional supplements in February 2019. Watson is a third generation family business with three locations in West Haven and Orange, Connecticut and Taylorville, Illinois. The company specializes in microencapsulation, agglomeration, micronization, spray drying and film technology.

Protein powder is a widely used nutritional supplement. Protein is essential for muscle growth, tissue repair, and the production of enzymes and hormones. Protein powder can help people lose weight as well as build muscle. Protein powder is an easy, no-premise way to increase your daily protein intake. Vegan protein powder comes from plant sources such as nuts, seeds, grains, and legumes, not animal products such as dairy, meat, and eggs. Vegan protein powders include soy, hemp, peas, rice, and peanuts.

COVID-19 impact analysis

With the unpredictability of the coronavirus pandemic sweeping the world, the global vegan protein powder market has been hit hard. COVID-19 is impacting both the finished product supply chain and raw ingredients. Due to the concentration of several key players operating in these areas, North America, followed by Europe and Asia-Pacific, plays a critical role in the vegan protein powder market. As a result, the vegan protein powder market is expected to face some challenges in terms of supply, with many key players in these regions supplying products to end users around the world. Consumers are increasingly focusing on maintaining their weight and following various diets to stay healthy, so regional consumption in the relevant market is likely to increase. Overall, the demand for vegan protein powder should increase as a result.

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growth factors

A growing awareness of the importance of a healthy diet is one of the driving forces behind the global vegan protein powder market. People are also making changes to implement healthy lifestyle habits, which has led to an increase in the consumption of vegan protein foods. Vegan protein powder is becoming more popular as people become more aware of the health benefits and the fact that it is better absorbed. In the long term, demand will be driven by the demand for pure products and the shift from synthetic to organic and natural ingredients. With an increase in the number of consumers suffering from allergies such as lactose intolerance and an increase in the production of new plant protein sources such as rice and almonds, more opportunities for profitability are expected to emerge in the market.

According to studies, food allergies affect one in thirteen children. This problem affects the balanced diet of people, especially in terms of protein. In addition, allergies to animal products are difficult to overcome, opening up opportunities for vegan protein powder manufacturers. The growth of the industry is fueled by versatile products for muscle recovery, satiety, weight loss and energy maintenance, which are popular among athletes and fitness enthusiasts. On the other hand, the market for vegan plant protein powders has faced some hurdles in recent years.

Preview of typical segment analysis

With a market share of 39.92%, the vegetable segment dominated the global vegan protein powder market. Most vegetables are high in fiber, which aids digestion and absorption, improves motility, and reduces the symptoms of gas and bloating, all of which contribute to this increase. Nuts and other elements form the typical segment.

Application Segment Analysis Preview

The adult male segment is expected to grow at the fastest rate of 16.15% over the forecast period. The preference for adult men to purchase protein powders for a variety of purposes such as weight control, muscle mass gain, and energy gain may be related to this increase in growth rate. Youth, adult women and others make up the application segment.

The global vegan protein powder market is segmented as follows:

Type

nuts
vegetable
Other

By application

Youth
grown woman
grown man
Other

By region

North America
United States
Canada
Europe
France
United Kingdom
Spain
Germany
Italy
Rest of Europe
Asian-Pacific area
China
Japan
India
South Korea
Southeast Asia
Rest of Asia Pacific
Latin America
Brazil
Mexico
Rest of Latin America
Middle East and Africa
GCC
South Africa
Rest of the Middle East and Africa

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Varsharani Lavate
Market Research Zion
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