Global Vegan Protein Powder Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Application;

Food Processing, Nutritional Products, Animal Feed, Household, and Other Applications.

By Distribution Channel;

Direct Sales, Hypermarkets/Supermarkets, Specialty Stores, Pharmacy & Drug Stores, Online Stores, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn812204100 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Vegan Protein Powder Market (USD Million), 2021 - 2031

In the year 2024, the Global Vegan Protein Powder Market was valued at USD 4,503.88 million. The size of this market is expected to increase to USD 7,545.45 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.7%.

The market for vegan protein powder is poised for exponential growth driven by increasing awareness of its health benefits and nutritional advantages. Historically, plant-based protein powders faced criticism for their gritty texture and less appealing taste. However, advancements in food technology and formulation have effectively addressed these issues, leading to smoother textures that blend well with liquids and offer a more enjoyable mouthfeel. Manufacturers have focused on improving flavor profiles, introducing a wide array of options such as chocolate, coffee, vanilla, and fruit flavors, which have significantly enhanced the palatability of vegan protein powders.

Moreover, heightened concerns over the environmental impact of animal agriculture have spurred a shift towards sustainable protein alternatives. Vegan protein powders are recognized for their lower greenhouse gas emissions and reduced carbon footprint compared to animal-based counterparts. The production of plant-based proteins also consumes less water, making them a more environmentally friendly choice. These factors, combined with the improved taste and texture of vegan protein powders, have successfully alleviated previous reservations consumers may have had, encouraging broader adoption and integration of these products into daily diets.

As consumer preferences increasingly align with health, sustainability, and taste, the global market for vegan protein powder is expected to continue expanding, driven by ongoing innovations in product development and growing awareness of the benefits associated with plant-based nutrition.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Application
    2. Market Snapshot, By Distribution Channel
    3. Market Snapshot, By Region
  4. Global Vegan Protein Powder Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Interest in Health and Wellness
        2. Shifting Consumer Lifestyles
      2. Restraints
        1. Growing Vegan Population
        2. Nutritional Deficiencies
      3. Opportunities
        1. Innovation in Plant-Based Protein Sources
        2. Rising Demand in Developing Economies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry

  5. Market Segmentation
    1. Global Vegan Protein Powder Market, By Application, 2021 - 2031 (USD Million)
      1. Food Processing
      2. Nutritional Products
      3. Animal Feed
      4. Household
      5. Other Applications
    2. Global Vegan Protein Powder Market, By Distribution Channel, 2021 - 2031 (USD Million)
      1. Direct Sales
      2. Hypermarkets/Supermarkets
      3. Specialty Stores
      4. Pharmacy & Drug Stores
      5. Online Stores
      6. Others
    3. Global Vegan Protein Powder Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Archer Daniels Midland Company
      2. AGT Food and Ingredients
      3. Cargill Inc
      4. A&B Ingredients
      5. Ingredion Incorporated
      6. The Scoular Company
      7. The Green Lab LLC
      8. The Kerry Group
  7. Analyst Views
  8. Future Outlook of the Market