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Vegan Drink Mix Market Trends

Report ID: GMI10987
Published Date: Aug 2024
Report Format: PDF

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Vegan Drink Mix Market Trends

The vegan drink mix industry is currently experiencing strong demand for protein-rich options, clean labeling, and functional ingredients that offer added health benefits like probiotics and adaptogens. Sustainability is a key focus, with companies increasingly adopting eco-friendly packaging and sustainable sourcing practices. Looking ahead, the market is poised for significant growth driven by several emerging trends.

Innovations in flavors and textures are set to enhance consumer appeal, while advancements in personalized nutrition could lead to customized vegan drink mixes tailored to individual health needs. These trends reflect a dynamic landscape where innovation, sustainability, and personalization are central to shaping the future of vegan drink mixes.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of vegan drink mix reached USD 12.3 billion in 2023 and will expand at a 6% CAGR between 2024 and 2032, propelled by increasing consumer awareness of plant-based diets and the benefits of vegan nutrition.

The vegan protein drink mixes segment will reach USD 9.5 billion by 2032, owing to the growing popularity of plant-based protein sources among health-conscious consumers.

North America market will record USD 7.3 billion by 2032, driven by a high consumer preference for plant-based products and increasing awareness of health benefits.

Prominent players operating in the industry are True Nutrition, Plant fusion, Glanbia Nutritionals, Vegan Drink Company, Garden of life, Vega, Sunwarrior, Nuzest, Orgain, and Strive, among others.