Market Outlook
Protein is one of themost important nutrients required to maintain health. Vegan protein is a proteinderived from plants. It is also called as plant-based protein. Some of thesources from where the vegan protein is obtained include oats, green peas,lentils, leafy greens & vegetables, and quinoa. The vegan protein market isgoing to experience high growth in the years to come. Manufacturers of veganprotein have a huge opportunity in the global market. A large number of marketparticipants are entering in the manufacturing and supplying of vegan protein.The rising competition is compelling manufacturers to come up with competitiveprices. Some of the economies that are ahead in the globalvegan protein market are the United Kingdom, the United States, Canada,Australia, and some of the Asian countries. Some of the leading players in thevegan protein market include Country Life, LLC, Hammer Nutrition Direct, andGhost, LLC.
Vegan Protein MarketGrowth due to Increase in the Awareness about Healthy Diet
Vegan protein markethas seen remarkable growth in the last few years. The main growth driver of thevegan protein market is the increasing awareness regarding healthy diet amongstpeople across the globe. Moreover, people are moving towards embracing ahealthy lifestyle for which they are working out every day and following theirdiet regularly, which has led to an increase in the consumption of productshaving vegan protein. Awareness amongst people about plant-based protein beinghealthier and better absorbed by the body than animal based protein hascompelled the use of vegan protein in the day to day diet. The shift ofconsumer preferences from synthetic food to more organic and natural food hasgiven rise to the vegan protein market. But, the main restraint in this marketis most of the people still prefer animal-based protein than plant-based proteinwhich can hinder the market growth of vegan protein, but overall the market isexpanding rapidly and consumers’ shift towards consumption of plant-basedprotein is also growing across the globe.
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Global Vegan Protein: Key Players
Some of the keyplayers in the vegan protein market include Country Life, LLC, Hammer NutritionDirect, Ghost LLC, Australian Natural Protein Company, Garden of Life, LLC,ALOHA, Puris, Genuine Health, Inc., Reliance Private Label Supplements, VitamerLaboratories, Manitoba Harvest Hemp Foods, and Archon Vitamin, LLC, PreventionLLC, Sequel Natural Ltd., Riff Enterprises, Inc., Orgain, Inc.. Archon Vitamin,LLC’s Biooriginal Food & Science Corp is looking for the companies who areinterested in joining them.
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Opportunities for MarketParticipants:
Market participants have huge opportunities in the BCAAsupplement market. The manufacturers of BCAA supplement have huge opportunitiesby making products available on e-commerce websites and on their own websitetoo due to the overall growth of the e-commerce industry. The noteworthyincrease in the per capita income of consumers provides manufacturers withgreat opportunities as consumers are willing to spend money for better qualityand taste. Manufacturers also have numerous opportunities in the BCAAsupplement market by bringing up more innovative and unusual flavors in thesupplement. Many sportspersons, athletes and common people are including BCAAsupplement as a part of their daily diet as consuming these improve the musclesand overall body stamina. This renders more opportunities for the marketparticipants of the BCAA supplement. Manufacturers have huge opportunities inthe BCAA supplement market as a consequence of an increase in the overallconsumption of nutritional supplement around the globe.
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