Vegan Protein Powder Market by Type (Vegetable, Nuts and Others), Application, Regions, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2019 to 2026

  • Publish Date: Jan, 2020
  • Report ID: 407139
  • Category: Food & Beverages
  • Pages: 250
$4,700

Global Vegan Protein Powder market is expected to reach USD 13.19 Billion by 2026, at a CAGR of 14.01% from 2019 to 2026 due to the increasing preference towards vegan, the risks of cardiovascular diseases and type 2 diabetes associated with the consumption of meat products. The global Vegan Protein Powder market is expected to experience substantial growth over the next few years as a result of the growing flexitarian population in the U.S. and Canada due to extensive campaigns for promoting vegan diet via media platforms.

Market Overview:

Protein powder is a common nutritional supplement. Protein is an essential macronutrient for muscle building, tissue repair, and enzyme and hormone production. The use of protein powder can also aid weight loss and help people strengthen their muscles. Protein powder is an easy, no-prep way to boost the protein content for the day. Vegan protein powder simply means that the protein is coming from plants sources such as nuts, seeds, grains, legumes rather than animal products like dairy, meat, and eggs. Soy, hemp, pea, rice, and peanut are all examples of vegan protein powders.

Report Description:

  • The base year for the study has been considered 2018, historic year 2016 and 2017 and, the forecast period considered is from 2019 to 2026. The global vegan protein powder market is analyzed on the basis of value (USD Billion), volume (Kilograms), consumption (Kilograms), imports (Kilograms) and exports (Kilograms).
  • The study delivers a comprehensive analysis of global Vegan Protein Powder market by type, application and regions. The report offers in-depth analysis of driving factors, opportunities, restraints, and challenges for gaining the key insight of the market. The report emphasizes on all the key trends that play a vital role in the enlargement of the market from 2019 to 2026.
  • Porter’s Five Forces model is used in order to recognize the competitive scenario in the global Vegan Protein Powder market. This report incorporates the industry analysis which is focused on providing an extensive view of the Vegan Protein Powder market.
  • The study also includes attractiveness analysis of type, application and regions which are benchmarked based on their market size, growth rate and attractiveness in terms of present and future opportunity for understanding the future growth of the market.
  • The report provides company profile of the key players operating in the Vegan Protein Powder market and a comparative analysis based on their business overviews, product offering, segment market share, regional presence, business strategies, innovations, mergers & acquisitions, recent developments, joint venture, collaborations, partnerships, SWOT analysis, and key financial information.
  • The market estimates have been evaluated by considering the effect of different political, economic, social, technological and legal factors which are based on our extensive secondary research, primary research, and in-house databases.

Market Dynamics:

Drivers:

  • Positive outlook for the sport nutrition industry
  • Emerging fitness trends leading to high demand for protein-rich diet
  • Rising importance of plant-based nutrition

Restrains:

  • Fluctuating prices of raw materials
  • Flavor profiles of plant based protein powder requires improvements

Opportunities:

  • Surge in the vegan population
  • Increase in number of fitness centres and wellness clubs

Challenges:

  • Threat by substitutes such as animal protein powder

Global Vegan Protein Powder Market Key Findings:

All the segments have been analyzed on global, regional and country basis. The study includes the analysis of more than 30 countries for each segment.

Segmentation Analysis:

The global Vegan Protein Powder market has been segmented on the basis of type and application.

  • The type segment is divided into vegetable, nuts and others. The vegetable segment led the global vegan protein powder market with a market share of 39.92% in 2018. Most vegetables are loaded with healthy fibres that naturally improves digestion and absorption, increase motility and reduce symptoms of gas and bloating, these factors are driving this increase in demand. 
  • The application segment includes adult male, adult female, youth and others. The adult male segment is anticipated to grow at the highest CAGR over the forecast period. Adult prefer buying protein powders for various purposes, such as weight management, improving muscle mass, and increasing energy which is expected to fuel this future demand.

Regional Segmentation Analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, and Middle East and Africa. The North America emerged as the largest market for the Vegan Protein Powder in 2018.

  • Increasing awareness about vegan diet as well as changing trend towards vegetarianism as a result of new product promotions on social media and television channels in the region led the North America region to dominate the global vegan protein powder market in 2018. Due to the increasing consumption of sports nutrition supplements, demand in the U.S. is expected to grow steadily over the forecast period. In addition, rising weight management issues coupled with growing consumer awareness about nutritious diet intake and maintaining a healthy lifestyle are expected to fuel regional market growth over the forecast period.
  • Rising disposable income and urbanization in the Asia Pacific region are anticipated to play a key role in promoting consumption of the vegan protein powder, particularly among the vegan population that will fuel the regional market growth in the coming years.

Global Vegan Protein Powder Market Competitive Analysis:

Key players in the global Vegan Protein Powder market are Health Warrior, Garden of Life, WhiteWave Foods, Private Label Superfoods, Australian Sports Nutrition, Glanbia plc, Hammer Nutrition and MRM among others. Superior nutrition, premiumized offerings and sustainability of plant based protein powders are some of the major factors offering lucrative growth opportunities for the overall plant based protein powders market.

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This study forecasts revenue and volume growth at global, regional, and country levels from 2016 to 2026. Fior Market Research has segmented the global vegan protein powder market on the basis of below-mentioned segments:

Global Vegan Protein Powder Market by Type:

  • Vegetable
  • Nuts
  • Others

Global Vegan Protein Powder Market by Application:

  • Adult Male
  • Adult Female
  • Youth
  • Others

Global Vegan Protein Powder Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa         
    • UAE
    • South Africa

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
 

2. Research Methodology and Assumptions
 

3. Executive Summary
 

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis By Type
          4.3.2. Market Attractiveness Analysis By Application
          4.3.3. Market Attractiveness Analysis By Region
    4.4. Industry Trends
 

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Positive outlook for the sport nutrition industry
          5.2.2. Emerging fitness trends leading to high demand for protein-rich diet
          5.2.3. Rising importance of plant-based nutrition
    5.3. Restrains
          5.3.1. Fluctuating prices of raw materials
          5.3.2. Flavor profiles of plant based protein powder requires improvements
    5.4. Opportunities
          5.4.1. Surge in the vegan population
          5.4.2. Increase in number of fitness centres and wellness clubs
    5.5. Challenges
          5.5.1. Threat by substitutes such as animal protein powder
 

6. Global Vegan Protein Powder Market Analysis and Forecast, By Type
    6.1. Segment Overview
    6.2. Vegetable
    6.3. Nuts
    6.4. Others
 

7. Global Vegan Protein Powder Market Analysis and Forecast, By Application
    7.1. Segment Overview
    7.2. Adult Male
    7.3. Adult Female
    7.4. Youth
    7.5. Others
 

8. Global Vegan Protein Powder Market Analysis and Forecast, By Regional Analysis
    8.1. Segment Overview
    8.2. North America
          8.2.1. U.S.
          8.2.2. Canada
          8.2.3. Mexico
    8.3. Europe
          8.3.1. Germany
          8.3.2. France
          8.3.3. U.K.
          8.3.4. Italy
          8.3.5. Spain
    8.4. Asia-Pacific
          8.4.1. Japan
          8.4.2. China
          8.4.3. India
    8.5. South America
          8.5.1. Brazil
    8.6. Middle East and Africa
          8.6.1. UAE
          8.6.2. South Africa
 

9. Global Vegan Protein Powder Market-Competitive Landscape
    9.1. Overview
    9.2. Market Share of Key Players in the Vegan Protein Powder Market
          9.2.1. Global Company Market Share
          9.2.2. North America Company Market Share
          9.2.3. Europe Company Market Share
          9.2.4. APAC Company Market Share
    9.3. Competitive Situations and Trends
          9.3.1. Product Launches and Developments
          9.3.2. Partnerships, Collaborations, and Agreements
          9.3.3. Mergers & Acquisitions
          9.3.4. Expansions
 

10. Company Profiles
    10.1. WhiteWave Foods
          10.1.1. Business Overview
          10.1.2. Company Snapshot
          10.1.3. Company Market Share Analysis
          10.1.4. Company Type Portfolio
          10.1.5. Recent Developments
          10.1.6. SWOT Analysis
    10.2. Private Label Superfoods
          10.2.1. Business Overview
          10.2.2. Company Snapshot
          10.2.3. Company Market Share Analysis
          10.2.4. Company Type Portfolio
          10.2.5. Recent Developments
          10.2.6. SWOT Analysis
    10.3. Australian Sports Nutrition
          10.3.1. Business Overview
          10.3.2. Company Snapshot
          10.3.3. Company Market Share Analysis
          10.3.4. Company Type Portfolio
          10.3.5. Recent Developments
          10.3.6. SWOT Analysis
    10.4. Health Warrior
          10.4.1. Business Overview
          10.4.2. Company Snapshot
          10.4.3. Company Market Share Analysis
          10.4.4. Company Type Portfolio
          10.4.5. Recent Developments
          10.4.6. SWOT Analysis
    10.5. Glanbia plc
          10.5.1. Business Overview
          10.5.2. Company Snapshot
          10.5.3. Company Market Share Analysis
          10.5.4. Company Type Portfolio
          10.5.5. Recent Developments
          10.5.6. SWOT Analysis
    10.6. Hammer Nutrition
          10.6.1. Business Overview
          10.6.2. Company Snapshot
          10.6.3. Company Market Share Analysis
          10.6.4. Company Type Portfolio
          10.6.5. Recent Developments
          10.6.6. SWOT Analysis
    10.7. Garden of Life
          10.7.1. Business Overview
          10.7.2. Company Snapshot
          10.7.3. Company Market Share Analysis
          10.7.4. Company Type Portfolio
          10.7.5. Recent Developments
          10.7.6. SWOT Analysis
    10.8. MRM
          10.8.1. Business Overview
          10.8.2. Company Snapshot
          10.8.3. Company Market Share Analysis
          10.8.4. Company Type Portfolio
          10.8.5. Recent Developments
          10.8.6. SWOT Analysis


List of Table

  1. Global Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  2. Global Vegetable Market, By Region, 2016–2026 (USD Million)(Kilograms)
  3. Global Nuts Market, By Region, 2016–2026 (USD Million)(Kilograms)
  4. Global Others Market, By Region, 2016–2026 (USD Million)(Kilograms)
  5. Global Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  6. Global Adult Male Vegan Protein Powder Market, By Region, 2016–2026 (USD Million)(Kilograms)
  7. Global Adult Female Vegan Protein Powder Market, By Region, 2016–2026 (USD Million)(Kilograms)
  8. Global Youth Vegan Protein Powder Market, By Region, 2016–2026 (USD Million)(Kilograms)
  9. Global Others Vegan Protein Powder Market, By Region, 2016–2026 (USD Million)(Kilograms)
  10. Global Vegan Protein Powder Market, By Region, 2016–2026 (USD Million)(Kilograms)  
  11. Global Vegan Protein Powder Market, By North America, 2016–2026 (USD Million)(Kilograms)
  12. North America Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  13. North America Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  14. U.S. Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  15. U.S. Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  16. Canada Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  17. Canada Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  18. Mexico Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  19. Mexico Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  20. Europe Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  21. Europe Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  22. Germany Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  23. Germany Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  24. France Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  25. France Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  26. U.K. Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  27. U.K. Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  28. Italy Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  29. Italy Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  30. Spain Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  31. Spain Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  32. Asia Pacific Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  33. Asia Pacific Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  34. Japan Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  35. Japan Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  36. China Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  37. China Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  38. India Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  39. India Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  40. South America Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  41. South America Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  42. Brazil Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  43. Brazil Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  44. Middle East and Africa Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  45. Middle East and Africa Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  46. UAE Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  47. UAE Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)
  48. South Africa Vegan Protein Powder Market, By Type, 2016–2026 (USD Million)(Kilograms)
  49. South Africa Vegan Protein Powder Market, By Application, 2016–2026 (USD Million)(Kilograms)

List of Figures 

  1. Global Vegan Protein Powder Market Segmentation
  2. Vegan Protein Powder Market: Research Methodology
  3. Market Size Estimation Methodology: Bottom-Up Approach
  4. Market Size Estimation Methodology: Top-Down Approach
  5. Data Triangulation
  6. Porter’s Five Forces Analysis
  7. Value Chain Analysis
  8. Global Vegan Protein Powder Market Attractiveness Analysis By Type
  9. Global Vegan Protein Powder Market Attractiveness Analysis By Application
  10. Global Vegan Protein Powder Market Attractiveness Analysis By Region
  11. Global Vegan Protein Powder Market: Dynamics
  12. Global Vegan Protein Powder Market Share by Type (2018 & 2026)
  13. Global Vegan Protein Powder Market Share by Application (2018 & 2026)
  14. Global Vegan Protein Powder Market Share by Regions (2018 & 2026)
  15. Global Vegan Protein Powder Market Share by Company (2019)

Research Methodology

Market research is a method of gathering, assessing and deducing data & information about a particular market. Market research is very crucial in these days. The techniques analyze about how a product/service can be offered to the market to its end-customers, observe the impact of that product/service based on the past customer experiences, and cater their needs and demands. Owing to the successful business ventures, accurate, relevant and thorough information is the base for all the organizations because market research report/study offers specific market related data & information about the industry growth prospects, perspective of the existing customers, and the overall market scenario prevailed in past, ongoing present and developing future. It allows the stakeholders and investors to determine the probability of a business before committing substantial resources to the venture. Market research helps in solving the marketing issues challenges that a business will most likely face.

Market research is valuable because of the following reasons:

  • Market research helps businesses strengthen a company’s position
  • Market research helps in minimizing the investment risks associated with the businesses in any industry vertical
  • Market research helps in identifying the potential threats and opportunities associated with the business industry
  • Market research aids in spotting the emerging trends and facilitates strategic planning in order to stay ahead in the competition

Our research report features both the aspects; qualitative and quantitative. Qualitative part provides insights about the market driving forces, potential opportunities, customer’s demands and requirement which in turn help the companies to come up with new strategies in order to survive in the long run competition. The quantitative segment offers the most credible information related to the industry. Based on the data gathering, we use to derive the market size and estimate their future growth prospects on the basis of global, region and country.

Our market research process involves with the four specific stages.

  • Data Collection
  • Data Synthesis
  • Market Deduction & Formulation
  • Data Screening & Validation

Data Collection: This stage of the market research process involves with the gathering and collecting of the market/industry related data from the sources. There are basically two types of research methods:

  • Primary Research: By conducting primary research, it involves with the two types of data gathering; exploratory and specific. Exploratory data is open-ended and helps us to define a particular problem involving surveys, and pilot study to the specific consumer group, knowing their needs and wants catering to the industry related product/service offering. Explanatory data gathering follows with the bit of unstructured way. Our analyst group leads the study by focusing on the key crowd, in this manner picking up bits of knowledge from them. In light of the points of view of the clients, this data is used to plan advertise techniques. In addition, showcase overviews causes us to comprehend the current scenario of the business. Specific data gathering on the hand, involves with the more structured and formal way. The primary research usually includes in telephonic conversations, E-mail collaborations and up close and personal meetings/interviews with the raw material suppliers, industrial wholesalers, and independent consultants/specialists. The interviews that we conduct offers important information on showcase size and industry development patterns. Our company likewise conducts interviews with the different business specialists so as to increase generally bits of knowledge of the business/showcase.
  • Secondary Research: The secondary research incorporates with the data gathering from the non-profit associations and organizations, for example, World bank, WHO, investor relations and their presentations, statistical databases, yearly(annual reports) reports, national government records, factual databases, websites, articles, white papers, press releases, blogs and others. From the annual report, we deduce an organization's income/revenue generation to comprehend the key product segment related to the market. We examine the organization sites and implement product mapping strategy which is significant for determining the segment revenue. In the product mapping technique, we choose and categorize the products offered by the companies catering to the industry specific market, derive the segment revenue for each of the organizations to get the market estimation. We also gather data & Information based on the supply and demand side of the value chain involved with the domain specific market. The supply side denotes the distributors, wholesalers, suppliers and the demand side denotes the end-consumers/customers of the value chain. The supply side of the market is analyzed by examining the product growth across industry in each of the region followed by its pricing analysis. The demand side is analyzed by the evaluating the penetration level and adoption rates of the product by referring to the historical/past data, examine the present usage and forecasting the future trends. 
  • Purchased Database: Our purchased data provides insights about the key market players/companies along with their financial analysis. Additionally, our data base also includes market related information. 
    • We also have the agreements with various reputed data providers, consultants and third party vendors who provide information which are not limited to:
      • Export & Import Data
      • Business Information related to trade and its statistics
      • Penetration level of a particular product/service based on geography mainly focusing on the unmet prerequisites of the customers.
  • In-house Library: Apart from these third-party sources, we have our in-house library of quantitative and qualitative data & information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, internal audit reports, historic databases, archives and journal publications. Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those particular cases, we utilize our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopts a robust research technique in order to deduce the market size and its estimates:
  • Examining demographic along with psychographic segmentation for market evaluation
  • Analyzing the macro and micro-economic indicators for each demography
  • Evaluating the current industry trends popular in the market.

Data Synthesis: This stage includes the evaluation and assessment of all the data acquired from the primary and secondary research. It likewise includes in evaluating the information for any disparity watched while information gathering identified with the market. The data & information is gathered with consideration to the heterogeneity of sources. Scientific and statistical methods are implemented for synthesizing dissimilar information sets and provide the relevant data which is fundamental for formulating strategies. Our organization has broad involvement with information amalgamation where the information goes through different stages:

  • Information Screening: Information screening is the way toward examining information/data gathered from the sources for errors/mistakes and amending it before data integration process. The screening includes in looking at raw information, identifying and distinguishing mistakes and managing missing information. The reason for the information screening is to ensure information is effectively entered or not. Our organization utilizes objective and precise information screening grades through repetitive quality checks.
  • Data Integration: The data integration method involves with the incorporation of numerous information streams. The data streams is important so as to deliver investigate examines that give overall market scenario to the investors. These information streams originate from different research contemplates and our in house database. After the screening of the information, our analysts conduct efficient integration of the data streams, optimizing connections between integrated surveys and syndicated data sources. There are two research approaches that we follow so as to coordinate our information; top down methodology and bottom up methodology. 
    • Top-down analysis generally refers to using broad factors as a basis for decision making. The top-down approach helps in identifying the overall market scenario along with the external and internal factors effecting the market growth.
    • The bottom-up approach takes a completely different approach. Generally, the bottom-up approach focuses its analysis on micro attributes and specific characteristics of the domain specific market.

Market Formulation & Deduction: The last stage includes assigning the data & information in a suitable way in order to derive market size. Analyst reviews and domain based opinions based on holistic approach of market estimation combined with industry investigation additionally features a crucial role in this stage.

This stage includes with the finalization of the market size and numbers that we have gathered from primary and secondary research. With the data & information addition, we ensure that there is no gap in the market information. Market trend analysis is finished by our analysts by utilizing data extrapolation procedures, which give the most ideal figures to the market.

Data Validation: Validation is the most crucial step in the process. Validation & re-validation through scientifically designed technique and process that helps us finalize data-points to be used for final calculations. This stage also involves with the data triangulation process. Data triangulation generally implicates the cross validation and matching the data which has been collected from primary and secondary research methods.

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