Global Vegan Protein Market
Global vegan protein market is expected to reach USD 17.71 billion by 2031 from USD 10.20 billion in 2023, growing with a substantial CAGR of 7.2% in the forecast period of 2024 to 2031.
Global Vegan Protein Market Segmentation, By Source (Soy Protein, Pea Protein, Rice Protein, Hemp Protein, Spirulina, Quinoa Protein, Flaxseeds Protein, Chia Protein, Canola Protein, Pumpkin Seed, and Others) Protein Type (Isolates, Concentrates, and Hydrolysate), Level of Hydrolisation (Intact, Mildly Hydrolized, and Strongly Hydrolized), Form (Dry and Liquid), Nature (Conventional and Organic), Function (Solubility, Emulsification, Gelation, Water Binding, Foaming, and Others), Application (Food Products, Beverages, Nutraceuticals and Dietary Supplements, Cosmetics and Personal Care, Animal Feed, Pharmaceuticals, and Others), Countries (U.S., Canada, and Mexico, Germany, U.K., Italy, France, Russia, Netherlands, Switzerland, Spain, Belgium, Turkey, Rest of Europe, China, Australia & New Zealand, India, Japan, South Korea, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina and Rest of South America, South Africa, U.A.E., Saudi Arabia, Egypt, Israel, Rest of Middle East and Africa) - Industry Trends and Forecast to 2031
Overview of the global vegan protein market dynamics:Driver
• Rising shift towards veganism and flexitarian diets
Restraint
• Higher costs of vegan protein products
Opportunity
• Product innovations and diversifications in functional foods and food technology
Market Players:
The key players operating in the global vegan protein market are:
• ADM (U.S.)
• Cargill, Incorporated (U.S.)
• Wilmar International Ltd. (Singapore)
• Roquette Frères (France)
• Kerry Group Plc (Ireland)
• A&B Ingredients, Inc. (U.S.)
• AGT Food and Ingredients Inc. (Canada)
• AIDP (U.S.)
• Axiom Food, Inc. (U.S.)
• Beneo (Germany)
• Bioway Organic Group Limited (China)
• BRF (Brazil)
• Bunge (U.S.)
• Creative Enzymes (U.S.)
• Crown Soya Protein Group Company (China)
• Emsland-Stärke Gesellschaft Mit Beschränkter Haftung (Germany)
• Etchem (China)
• Farbest Brands (U.S.)
• Foodchem International Corporation (China)
• Foodrich Soya Co.,Ltd (China)
• Fuji Oil Holdings Inc. (Japan)
• Gehl Foods, LLC. (U.S.)
• Golden Grain Group Limited (China)
• Ingredion Incorporated (U.S.)
• International Flavors & Fragrances Inc. (U.S.)
• Pioneer Industries Private Limited (India)
• Prinova Group LLC. (UK)
• Rajvi Enterprise (India)
• Sacchetto s.p.a. (Italy)
• Shafi Gluco Chem (Pvt) Ltd. (Pakistan)
• Singsino Group Limited (Oman)
• Sonic Biochem (India)
• Sun Nutrafoods (India)
• Sweet Additions (U.S.)
• The Green Labs LLC. (U.S.)
• The Scoular Company (U.S.)
• Tiba Trade (Egypt)
• Titan Biotech. (India)
• Z-Company (Netherlands)