Vegan protein concentrate is made up from various sources and is utilized in various industries such as food and beverage, pharmaceuticals, functional foods, dietary supplements, etc. The vegan protein concentrate is developed with the main focus of providing a concentrated form of the products which fulfill the nutritional requirement of the body. Vegan protein concentrate is available in liquid and powder form and is also available in various flavours to attract a large consumer base.
Increasing Health Trends among the Millennial Population Drives the Vegan Protein Concentrate Market
The increasing vegan, vegetarian, and flexitarian population is anticipated to serve as one of the major drivers for the vegan protein concentrate market. As per Google Search, the vegan trend as increased by over four times in the period between 2012 and 2017.
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Increase in animal concern, and the growing awareness about the ill-effects of the antibiotics and hormones that are present in the animal-products are some of the drivers for the increasing vegan and flexitarian population. The increasing inclination of the consumers towards the consumption of vegan products is estimated to have a positive impact on the vegan protein concentrate market.
Vegan Protein Concentrate Market: Regional Analysis
The demand for vegan protein concentrate is estimated to increase in the Asia Pacific region. The presence of a large youth population, the influence of the western lifestyle, and increasing disposable income are some of the factors that are estimated to drive the sales of vegan protein concentrate in the Asia Pacific region. According to the United Nations organization, the Asia Pacific region accounts for about 60% of the global youth population. Also, the health trends are increasing, and thus, the requirement for the dietary supplements is estimated to increase, which is further expected to boosts the vegan protein concentrate market.
Vegan Protein Concentrate Market: Key Participants
Few of the key market players in the vegan protein concentrate market are:
- Glanbia plc
- Tate & Lyle PLC
- Archer Daniels Midland Company
- Cargill, Incorporated
- True Nutrition
- Jarrow Formulas, Inc.
- Nutrimed Healthcare
- Axiom Foods, Inc.
- Fuji Plant Protein Labs
The report covers exhaustive analysis on:
- Vegan protein concentrate Market Segments
- Market Dynamics
- Market Size
- Supply and Demand
- Current Trends/Issues/Challenges pertaining to vegan protein concentrate market
- Competition Landscape and Emerging Market Participants in the vegan protein concentrate market
- Technology related to Production/Processing of vegan protein concentrate
- Value Chain Analysis of the vegan protein concentrate market
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The regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Vegan Protein Concentrate Market Segmentation
The vegan protein concentrate market can be segmented on the basis of source, form, nature, flavour, end-use, and distribution channel:
The vegan protein concentrate market can be segmented on the basis of the source as:
- Brown rice
- Whey
- Oats
- Pea
- Cranberry
- Hemp
- Share
- Others
The vegan protein concentrate market can be segmented on the basis of the form as:
- Liquid
- Powder
The vegan protein concentrate market can be segmented on the basis of nature as:
- Organic
- Conventional
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The vegan protein concentrate market can be segmented on the basis of the flavour as:
- Unflavoured
- Flavoured
- Vanilla
- Chocolate
- Cookies & Cream
- Others
The vegan protein concentrate market can be segmented on the basis of the end-use as:
- Food & Beverage Processing
- Bakery Products
- Snacks and Cereals
- Meat, Fish & Poultry products
- Sports Drinks and alcoholic beverages
- Other Food & Beverage Processing
- Functional Foods and Dietary Supplements
- Animal Nutrition
- Pharmaceuticals
The vegan protein concentrate market can be segmented on the basis of distribution channel as:
- Direct Sales
- Indirect Sales
- Hypermarkets/Supermarkets
- Wholesalers
- Convenience Stores
- Specialty Stores
- Online Retailers
Report Highlights:
- Detailed overview of parent market
- Changing dynamics of the vegan protein concentrate market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the vegan protein concentrate market
- Competitive landscape of the vegan protein concentrate market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on vegan protein concentrate market performance
- Must-have information for vegan protein concentrate market players to sustain and enhance their market footprint
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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10 years.
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