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Protein Powder Market size surpassed USD 21.5 billion in 2022 and is anticipated to expand at 6.5% CAGR from 2023 to 2032.
The global market for vegan protein powder is poised to cross USD 8.8 billion by 2032. A steady shift in consumer preference for vegan food alternatives will complement the protein powder market outlook. Several countries have reported a significant growth in the spread of animal-borne diseases, compelling people to adopt a vegan diet. The emergence of novel pandemics and epidemics worldwide has further propelled consumer interest in holistic lifestyles resulting in implementation of lifestyle changes and dietary interventions. Additionally, rising incidences of water-borne illnesses such as cholera, and diarrhea in young children below the age of five will accelerate the consumption of high-value food productions to meet nutritional requirements.
Report Attribute | Details |
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Base Year: | 2022 |
Protein Powder Market Size in 2022: | 21.6 Billion (USD) |
Forecast Period: | 2023 to 2032 |
Forecast Period 2023 to 2032 CAGR: | 6.5% |
2032 Value Projection: | 41.7 Billion (USD) |
Historical Data for: | 2018 to 2022 |
No. of Pages: | 230 |
Tables, Charts & Figures: | 383 |
Segments covered: | Product |
Growth Drivers: |
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Pitfalls & Challenges: |
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