Global Vegan Protein Market Size, Analysis, Top Players, Target Audience and Forecast to 2027

Vegan Protein Market size was valued at US$ 10.30 Bn. in 2020 and the total revenue is expected to grow at 7.22 % through 2021 to 2027, reaching nearly US$ 16.78 Bn.

COVID-19 Impact Analysis on Global Vegan Protein Market:

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Global Vegan Protein Market overview:

One of the nutrients most important for preserving good health is protein. Plant-based proteins make up vegan protein. It is also known as plant-based protein. A few examples of vegan protein sources include quinoa, green peas, lentils, leafy greens, and beans. The vegan protein market is anticipated to grow quickly in the upcoming years. On a global scale, vegan protein producers have a large market opportunity. There are several different market players who produce and supply vegan protein.

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Global Vegan Protein Market Segmentation:

Based on the Source, the global Vegan Protein market is sub-segmented into Quinoa, Green peas, Oats, Nuts (Almond, Cashew, Walnut, Pistachio, and Hazelnut), Soy, Leafy greens & vegetables, and others. The Soy segment held the largest market share of 60% in 2020. The increased demand for organic products, government backing for organic farming, the growing vegan population, and the excellent nutritional value of soy are all factors contributing to the growth of soy vegan protein. The demand for soy protein is predicted to increase as consumers become more aware of the health and nutritional benefits of organic foods, as well as the numerous end-use applications for soy vegan protein.

Global Vegan Protein Market Key Players:

• Australian Natural Protein Company • Garden of Life, LLC • ALOHA • Puris • Genuine Health, Inc. • Reliance Private Label Supplements • Vitamer Laboratories • Manitoba Harvest Hemp Foods • Sequel Natural Ltd. • Riff Enterprises, Inc. • Orgain, Inc. • Biooriginal Food & Science Corp • GoMacro • WhiteWave Foods • Naked Nutrition • Private Label Superfoods • Growing Naturals • KOS • MRM Nutrition

Global Vegan Protein Market Regional Analysis:

North America held the largest share in 2020. Vegan protein/plant-based diets are consumed by over 10 million Americans, accounting for nearly 3% of the population. This represents a nearly 300 percent growth over the previous 15 years. During the forecasted period 2021-2031, the vegan protein market in the United States is expected to follow the traditional pattern of boom and bust. With an increase in the vegan population, demand is expected to skyrocket in the next years. The sports nutrition business will drive demand for vegan protein in the United States and Canada. The North American market is projected to be fueled by rising consumer health consciousness and the growth of vegan populations.

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About Report:

The reports also helps in understanding the global Vegan Protein Market dynamic, structure by analyzing the market segments and project the global Vegan Protein Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Vegan Protein Market make the report investor’s guide.

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