Press release
Vegan Protein Powder Market Size, Growth Drivers And Outlook By 2033
The Business Research Company recently released a comprehensive report on the Global Vegan Protein Powder Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=12542&type=smp
According to The Business Research Company's, The vegan protein powder market size has grown strongly in recent years. It will grow from $4.51 billion in 2023 to $4.87 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to rising awareness of health and fitness, vegetarian and vegan lifestyle trends, increasing concern for animal welfare, growth in the plant-based food industry, expanding vegan product availability.
The vegan protein powder market size is expected to see strong growth in the next few years. It will grow to $6.66 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to growing population of health-conscious consumers, demand for sustainable and eco-friendly products, expansion of the vegan food market, increased adoption of plant-based diets, government initiatives promoting healthy eating. Major trends in the forecast period include technological advancements in plant-based protein extraction, innovation in flavor profiles and formulations, development of novel plant protein sources, increased focus on organic and non-gmo certifications, personalized nutrition in vegan products.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/vegan-protein-powder-global-market-report
Market Drivers and Trends:
The rise in the vegan population is expected to propel the growth of the vegan protein powder market going forward. The term vegan population refers to the group of strict vegetarians who abstain from eating any animal products, including meat, eggs, and dairy. The vegan population uses vegan protein powder, which makes it easier and more convenient for them to meet their daily protein needs. For instance, in January 2023, according to U.S. Department of Agriculture's Foreign Agricultural Service, a US-based government agency, Germany had the highest rate of vegetarianism, and in 2022, over 1.5 million vegans were living there, 1.58 million people claimed to be vegans, and nearly 8 million people consumed vegetarian food. Whereas 10 years ago, 0.1 million individuals were identified as vegans. Therefore, the rise in the vegan population is driving the growth of the vegan protein powder market.
Innovation in plant-based protein sources is a key trend gaining popularity in the vegan protein powder market. Major companies operating in the vegan protein powder market are introducing innovative plant-based protein sources to sustain their position in the market. For instance, in July 2022, Dymatize Enterprises LLC, a US-based bodybuilding and nutritional supplement company, launched Dymatize Complete Plant Protein, powered by five plant-based protein sources. The product is a vegan and plant-based powerhouse with a complete amino acid profile that ensures maximum high-quality protein delivery before or after exercise. This new plant-based protein blend is delectably distinctive and adaptable, combining effortlessly in water, smoothies, and other macro-friendly meals without artificial colors, sweeteners, soy, or dairy ingredients.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Cargill Incorporated., Archer-Daniels-Midland Company, Abbott Laboratories Ltd., Kerry Group plc, Amway Corporation, Ingredion Incorporated, Glanbia plc, GNC Holdings LLC, The Scoular Company, Now Health Group Inc., Farbest-Tallman Foods Corp, MusclePharm Corp, Nutiva Inc., Nutrivo LLC, True Nutrition, Transparent Labs LLC, Nutrex Research Inc., Optimum Nutrition Inc., Sunwarrior LLC., Garden of Life LLC, Supplement Manufacturing Partners (SMP Nutra), Archon Vitamin LLC, A&B Ingredients Inc., The Green Lab LLC, Naked Nutrition International, Orgain Inc., AGT Food and Ingredients Inc., Zywie Ventures Private Limited, Nuzest IP Pty Limited, GlobalRidge LLC
Vegan Protein Powder Market 2024 Key Insights:
• The vegan protein powder market size is expected to see strong growth in the next few years. It will grow to $6.66 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
• Surging Vegan Population Fuels Growth In The Vegan Protein Powder Market
• Innovative Plant-Based Protein Sources Drive Evolution In The Vegan Protein Powder Market
• North America was the largest region in the vegan protein powder market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=12542&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=12542&type=smp
According to The Business Research Company's, The vegan protein powder market size has grown strongly in recent years. It will grow from $4.51 billion in 2023 to $4.87 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to rising awareness of health and fitness, vegetarian and vegan lifestyle trends, increasing concern for animal welfare, growth in the plant-based food industry, expanding vegan product availability.
The vegan protein powder market size is expected to see strong growth in the next few years. It will grow to $6.66 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%. The growth in the forecast period can be attributed to growing population of health-conscious consumers, demand for sustainable and eco-friendly products, expansion of the vegan food market, increased adoption of plant-based diets, government initiatives promoting healthy eating. Major trends in the forecast period include technological advancements in plant-based protein extraction, innovation in flavor profiles and formulations, development of novel plant protein sources, increased focus on organic and non-gmo certifications, personalized nutrition in vegan products.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/vegan-protein-powder-global-market-report
Market Drivers and Trends:
The rise in the vegan population is expected to propel the growth of the vegan protein powder market going forward. The term vegan population refers to the group of strict vegetarians who abstain from eating any animal products, including meat, eggs, and dairy. The vegan population uses vegan protein powder, which makes it easier and more convenient for them to meet their daily protein needs. For instance, in January 2023, according to U.S. Department of Agriculture's Foreign Agricultural Service, a US-based government agency, Germany had the highest rate of vegetarianism, and in 2022, over 1.5 million vegans were living there, 1.58 million people claimed to be vegans, and nearly 8 million people consumed vegetarian food. Whereas 10 years ago, 0.1 million individuals were identified as vegans. Therefore, the rise in the vegan population is driving the growth of the vegan protein powder market.
Innovation in plant-based protein sources is a key trend gaining popularity in the vegan protein powder market. Major companies operating in the vegan protein powder market are introducing innovative plant-based protein sources to sustain their position in the market. For instance, in July 2022, Dymatize Enterprises LLC, a US-based bodybuilding and nutritional supplement company, launched Dymatize Complete Plant Protein, powered by five plant-based protein sources. The product is a vegan and plant-based powerhouse with a complete amino acid profile that ensures maximum high-quality protein delivery before or after exercise. This new plant-based protein blend is delectably distinctive and adaptable, combining effortlessly in water, smoothies, and other macro-friendly meals without artificial colors, sweeteners, soy, or dairy ingredients.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
Cargill Incorporated., Archer-Daniels-Midland Company, Abbott Laboratories Ltd., Kerry Group plc, Amway Corporation, Ingredion Incorporated, Glanbia plc, GNC Holdings LLC, The Scoular Company, Now Health Group Inc., Farbest-Tallman Foods Corp, MusclePharm Corp, Nutiva Inc., Nutrivo LLC, True Nutrition, Transparent Labs LLC, Nutrex Research Inc., Optimum Nutrition Inc., Sunwarrior LLC., Garden of Life LLC, Supplement Manufacturing Partners (SMP Nutra), Archon Vitamin LLC, A&B Ingredients Inc., The Green Lab LLC, Naked Nutrition International, Orgain Inc., AGT Food and Ingredients Inc., Zywie Ventures Private Limited, Nuzest IP Pty Limited, GlobalRidge LLC
Vegan Protein Powder Market 2024 Key Insights:
• The vegan protein powder market size is expected to see strong growth in the next few years. It will grow to $6.66 billion in 2028 at a compound annual growth rate (CAGR) of 8.2%.
• Surging Vegan Population Fuels Growth In The Vegan Protein Powder Market
• Innovative Plant-Based Protein Sources Drive Evolution In The Vegan Protein Powder Market
• North America was the largest region in the vegan protein powder market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=12542&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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