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Vegan Protein Market

Vegan Protein Market Analysis, By Source (Quinoa, Green Peas, Nuts, Oats), By Nature (Organic, Conventional), By Form (Liquid, Powder), By Flavor (Unflavored, Vanilla, Chocolate), By Application (Beverages, Supplements) & By Region Forecast - Global Market Insights 2021 to 2031

Analysis of Vegan Protein Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more

FACT5982MR
04 Oct 2021
Food & Beverage
170 Pages
48 Tables
48 Figures

Vegan Protein Market Outlook

The global vegan protein is likely to witness sturdy growth during 2021 to 2031. Demand for vegan protein will witness steady recovery in short-term, with sanguine growth outlook in the long-run. Increasing awareness regarding importance of healthy diet will mean limited opportunities in near future, however, consumption of vegan protein by fitness enthusiast working out and following their diet regularly will provide momentum.

What is Driving Demand for Vegan Protein?

Evolving demand for more organic and natural food compared to that of synthetic food continues to drive the demand for vegan protein in day to day dietary. Aesthetic and bodybuilding applications continue to be a lucrative avenue for vegan protein manufacturers.

Sales of vegan protein has gone through a recurring boom-and-bust, which has remained an enduring challenge for manufacturers. The fluctuation was primarily evident as most of the end-users preferred animal-based protein than plant-based protein for which manufacturers remained unprepared with respect to capacity utilization and expansion.

Apart from being an essential macronutrient for tissue repair, and enzymes and hormone production, the use of vegan protein is widely evident to aid weight loss and help people strengthen their muscles. Vegan proteins are being increasingly sought-after to prevent the risk of type-2 diabetes and cardiovascular diseases accompanied with the consumption of meat products.

Sports Nutrition Industry Likely to Augment Vegan Protein Sales

Numerous industries around the globe have been impacted by COVID-19-induced slowdown while some of them remained withstand. The vegan protein supplement industry showed a tremendous growth owing to rising consumer awareness, growing number of fitness centers, and a desire to lead active and healthy lifestyles amid COVID-19 pandemic. As increasing fitness and immunity remains the key focus area for end-users, vegan protein manufacturers are likely to witness sustained opportunities in near future.

Vegan protein is also used extensively in sports nutrition industry. Although lockdown and shelter-at-home guidelines have meant restricted sporting activities, sales are likely to improve over the course of the assessment period owing to the surge in vegan population and increase in number of online wellness clubs.

US and Canada Vegan Protein Market Outlook

A recent study by VeganNews has revealed that the number of Americans following vegan protein/plant based diets is around 10 million which is nearly 3 percent of the population in United States. This is almost 300% increase over last 15 years. The US vegan protein market is set to tread on the historic pattern of bust and boom during the assessment period 2021 to 2031. Demand is likely to leap and bound in the next couple of years with an upsurge in vegan population.

Demand for vegan protein in US and Canada will be led by sports nutrition industry. Growing level of health consciousness among consumers and the expansion of vegan populations is likely to fuel the North American market. Furthermore, the US and Canada non-vegan (meat) spending is likely to reduce by 2022 and beyond, and this will continue to benefit vegan protein manufacturing companies.

Europe Demand Outlook for Vegan Protein

Many countries in EU have been severely impacted by the COVID-19 crisis, which has led to a decline in economic activities. However, as is the case in US and Canada, health and fitness spending in EU continues to drive demand for vegan protein.

Despite the COVID-19 challenges, most European countries have maintained a steady healthcare and fitness expenditure in 2020. In Europe, around 1% of consumers claims to be vegan while near about 3% are vegetarian.

Yet the vegan protein market is trending heavily in Europe, extending from healthy snacks and beverages to plant-based indulgences such as burgers made from vegies and meat alternatives. Germany, Italy, and France is the most visited countries in Europe, creating opportunities for vegan protein manufacturers to supply on-the-go vegan protein in form of bars and packaged foods.

Who are the Key Manufacturers and Suppliers of Vegan Protein?

Some of the leading manufacturers and suppliers of vegan protein include

WhiteWave Foods
Private Label Superfoods
MRM
Glanbia PLC
Cargill
AGT Food & Ingredients
Archer Daniels Midland (ADM) Company
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
Archon Vitamin LLC
Prevention LLC
Sequel Natural Ltd.
Riff Enterprises, Inc.
Orgain, Inc.
Archon Vitamin LLC
Biooriginal Food & Science Corp.
Giulia
Nichiga
Body Wing
Nutrilite
Hero Protein

Many leading manufacturers and suppliers have longstanding contracts with end-users to supply vegan proteins. The increasing importance of plant-based nutrition, positive outlook for the sport nutrition industry, and emerging fitness trends leading to high demand for the protein-rich diet are some of the factors which are likely to create huge opportunities for market participants in vegan protein and supplements market.

Further, many vegan protein manufacturers are focusing on adopting the strategies such as product innovations, mergers & acquisitions, developments, joint venture, collaborations, and partnerships. For instance, In December 2017, Garden of Life partnered with Nestle and came with USDA Organic and Non-GMO Project Verified nutrition, based on real, whole and plant-based foods.

Vegan Protein Market Report Highlights:

Detailed overview of parent market
Changing market dynamics in the industry
In-depth market segmentation
Historical, current and projected market size in terms of volume and value
Recent industry trends and developments
Competitive landscape
Strategies of key players and products offered
Potential and niche segments, geographical regions exhibiting promising growth
A neutral perspective on market performance
Must-have information for market players to sustain and enhance their market footprint

Key Segments

By Source:
- Quinoa
- Green Peas
- Nuts
- Oats
- Soy Protein
- Others (potatoes, rice, leafy green vegetables, etc.)
By Nature:
- Organic
- Conventional
By Form:
- Liquid
- Powder
By Flavor:
- Unflavored
- Vanilla
- Chocolate
- Others (banana, strawberry, etc.)
By Application:
- Beverages
- Supplements
- Nutritional Powders
- Dairy Products
- Others (protein bars, snacks, animal food, etc.)
By Region:
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific
- Japan
- Middle East and Africa

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

- Frequently Asked Questions -

How Much Growth Prospective does the Vegan Protein Market hold?

The vegan protein market is estimated to grow at a CAGR of 13% during the forecast period.

Why Does the Vegan Protein Market have High Growth Potential?

Demand for vegan protein in daily diets is still being driven by changing consumer preference for more naturally grown and organic foods over artificial ones.

Where will Manufacturers find the Most Opportunities in the Vegan Protein Industry?

Manufacturers are anticipated to find the most opportunities in North America.

Table of Content

1. Executive Summary
2. Industry Introduction, including Taxonomy and Market Definition
3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments
4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections
5. Pricing Analysis
6. Global Market Analysis and Forecast
- 6.1. Source
- 6.2. Nature
- 6.3. Form
- 6.4. Flavor
- 6.5. Application
7. Global Market Analysis and Forecast, By Source
- 7.1. Quinoa
- 7.2. Green Peas
- 7.3. Nuts
- 7.4. Oats
- 7.5. Soy Protein
- 7.6. Others (potatoes, rice, leafy green vegetables, etc.)
8. Global Market Analysis and Forecast, By Nature
- 8.1. Organic
- 8.2. Conventional
9. Global Market Analysis and Forecast, By Form
- 9.1. Liquid
- 9.2. Powder
10. Global Market Analysis and Forecast, By Flavor
- 10.1. Unflavored
- 10.2. Vanilla
- 10.3. Chocolate
- 10.4. Others (banana, strawberry, etc.)
11. Global Market Analysis and Forecast, By Application
- 11.1. Beverages
- 11.2. Supplements
- 11.3. Nutritional Powders
- 11.4. Dairy Products
- 11.5. Others (protein bars, snacks, animal food, etc.)
12. Global Market Analysis and Forecast, By Region
- 12.1. North America
- 12.2. Latin America
- 12.3. Western Europe
- 12.4. Eastern Europe
- 12.5. East Asia
- 12.6. South Asia & Pacific
- 12.7. MEA
13. North America Sales Analysis and Forecast, by Key Segments and Countries
14. Latin America Sales Analysis and Forecast, by Key Segments and Countries
15. Western Europe Sales Analysis and Forecast, by Key Segments and Countries
16. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries
17. East Asia Sales Analysis and Forecast, by Key Segments and Countries
18. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries
19. MEA Sales Analysis and Forecast, by Key Segments and Countries
20. Sales Forecast by Source, Nature, Form, Flavor, and Application for 30 Countries
21. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard
22. Company Profile
- 22.1. WhiteWave Foods
- 22.2. Private Label Superfoods
- 22.3. MRM
- 22.4. Glanbia PLC
- 22.5. Cargill
- 22.6. AGT Food & Ingredients
- 22.7. Archer Daniels Midland (ADM) Company
- 22.8. Country Life LLC
- 22.9. Hammer Nutrition Direct
- 22.10. Ghost LLC
- 22.11. Australian Natural Protein Company
- 22.12. Garden of Life LLC
- 22.13. ALOHA
- 22.14. PURIS
- 22.15. Genuine Health Inc.
- 22.16. Reliance Private Label Supplements
- 22.17. Vitamer Laboratories
- 22.18. Manitoba Harvest Hemp Foods
- 22.19. Archon Vitamin LLC
- 22.20. Prevention LLC

List Of Table

Table 1: Global Market US$ Mn Forecast by Region

Table 2: Global Market US$ Mn Forecast by Source

Table 3: Global Market US$ Mn Forecast by Nature

Table 4: Global Market US$ Mn Forecast by Form

Table 5: Global Market US$ Mn Forecast by Flavor

Table 6: Global Market US$ Mn Forecast by Application

Table 7: North America Market US$ Mn Forecast by Country

Table 8: North America Market US$ Mn Forecast by Source

Table 9: North America Market US$ Mn Forecast by Nature

Table 10: North America Market US$ Mn Forecast by Form

Table 11: North America Market US$ Mn Forecast by Flavor

Table 12: North America Market US$ Mn Forecast by Application

Table 13: Latin America Market US$ Mn Forecast by Country

Table 14: Latin America Market US$ Mn Forecast by Source

Table 15: Latin America Market US$ Mn Forecast by Nature

Table 16: Latin America Market US$ Mn Forecast by Form

Table 17: Latin America Market US$ Mn Forecast by Flavor

Table 18: Latin America Market US$ Mn Forecast by Application

Table 19: Western Europe Market US$ Mn Forecast by Country

Table 20: Western Europe Market US$ Mn Forecast by Source

Table 21: Western Europe Market US$ Mn Forecast by Nature

Table 22: Western Europe Market US$ Mn Forecast by Form

Table 23: Western Europe Market US$ Mn Forecast by Flavor

Table 24: Western Europe Market US$ Mn Forecast by Application

Table 25: Eastern Europe Market US$ Mn Forecast by Country

Table 26: Eastern Europe Market US$ Mn Forecast by Source

Table 27: Eastern Europe Market US$ Mn Forecast by Nature

Table 28: Eastern Europe Market US$ Mn Forecast by Form

Table 29: Eastern Europe Market US$ Mn Forecast by Flavor

Table 30: Eastern Europe Market US$ Mn Forecast by Application

Table 31: East Asia Market US$ Mn Forecast by Country

Table 32: East Asia Market US$ Mn Forecast by Source

Table 33: East Asia Market US$ Mn Forecast by Nature

Table 34: East Asia Market US$ Mn Forecast by Form

Table 35: East Asia Market US$ Mn Forecast by Flavor

Table 36: East Asia Market US$ Mn Forecast by Application

Table 37: South Asia & Pacific Market US$ Mn Forecast by Country

Table 38: South Asia & Pacific Market US$ Mn Forecast by Source

Table 39: South Asia & Pacific Market US$ Mn Forecast by Nature

Table 40: South Asia & Pacific Market US$ Mn Forecast by Form

Table 41: South Asia & Pacific Market US$ Mn Forecast by Flavor

Table 42: South Asia & Pacific Market US$ Mn Forecast by Application

Table 43: MEA Market US$ Mn Forecast by Country

Table 44: MEA Market US$ Mn Forecast by Source

Table 45: MEA Market US$ Mn Forecast by Nature

Table 46: MEA Market US$ Mn Forecast by Form

Table 47: MEA Market US$ Mn Forecast by Flavor

Table 48: MEA Market US$ Mn Forecast by Application

List Of Figures

Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source

Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature

Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor

Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 6: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region

Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source

Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature

Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor

Figure 11: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 12: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source

Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature

Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 16: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor

Figure 17: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 18: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source

Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature

Figure 21: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 22: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor

Figure 23: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 24: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source

Figure 26: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature

Figure 27: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 28: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor

Figure 29: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 30: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 31: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source

Figure 32: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature

Figure 33: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 34: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor

Figure 35: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 36: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 37: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source

Figure 38: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature

Figure 39: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 40: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor

Figure 41: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 42: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Figure 43: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Source

Figure 44: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Nature

Figure 45: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form

Figure 46: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor

Figure 47: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Application

Figure 48: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country

Vegan Protein Market

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Vegan Protein Market

Vegan Protein Market Analysis, By Source (Quinoa, Green Peas, Nuts, Oats), By Nature (Organic, Conventional), By Form (Liquid, Powder), By Flavor (Unflavored, Vanilla, Chocolate), By Application (Beverages, Supplements) & By Region Forecast - Global Market Insights 2021 to 2031

Vegan Protein Market Outlook

What is Driving Demand for Vegan Protein?

Sports Nutrition Industry Likely to Augment Vegan Protein Sales

US and Canada Vegan Protein Market Outlook

Europe Demand Outlook for Vegan Protein

Who are the Key Manufacturers and Suppliers of Vegan Protein?

Vegan Protein Market Report Highlights:

Key Segments

By Source:

By Nature:

By Form:

By Flavor:

By Application:

By Region:

- Frequently Asked Questions -

Table of Content

List Of Table

List Of Figures