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Vegan Protein Powder Market Share

Report ID: GMI5524
Published Date: Mar 2023
Report Format: PDF

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Vegan Protein Powder Market Share

Prominent participants operating across the vegan protein powder market include:

Archer-Daniels-Midland Company (ADM)
Cargill Inc.
Farbest Brands
Abott Laboratories
The Scoular Company
Glanbia Group.
Makers Nutrition
Vitaco Health
Ingredion Incorporated
and Kerry Group.

These companies are focusing on strategic collaborations, including acquisitions and partnerships, to expand their business footprint. For instance, Archer Daniel Midlands, in June 2021, acquired Sojaprotein, a well-known Non-GMO soy ingredients company, to enhance its global presence while widening its market penetration and customer base.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The vegan protein powder market size reached USD 4 billion in 2022 and is poised to grow at 7.5% CAGR from 2023 to 2032, due to the robust developments in sports nutrition.

Organic vegan protein powder industry valuation will reach USD 5.9 billion by 2032, owing to the rising focus on improving gut health.

The industry size for vegan protein powder in Europe will record more than 8% CAGR through 2032, on account of the higher consumer incomes.

The sports nutrition applications will witness 8.5% CAGR through 2032, attributed to the rising demand for high-quality plant proteins.