Asia Pacific Vegan Protein Powder Market Size & Outlook
Asia Pacific vegan protein powder market, 2017-2030 (US$M)
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Asia Pacific vegan protein powder market highlights
- The Asia Pacific vegan protein powder market generated a revenue of USD 58.9 million in 2022.
- The market is expected to grow at a CAGR of 12.5% from 2023 to 2030.
- In terms of segment, pea protein was the largest revenue generating source in 2022.
- Algae based (Spirulina) is the most lucrative source segment registering the fastest growth during the forecast period.
- Country-wise, Australia is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 58.9 million |
| Market revenue in 2030 | USD 150.7 million |
| Growth rate | 12.5% (CAGR from 2022 to 2030) |
| Largest segment | Pea protein |
| Fastest growing segment | Algae based (Spirulina) |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Hemp Protein, Pea Protein, Brown Rice Protein, Soy Protein, Algae based (Spirulina), Protein Blends |
| Key market players worldwide | Archer-Daniels Midland Co, AMCO Proteins, Garden of Life, Nestle SA, Titan Biotech, Bactolac Pharmaceutical, SMP Nutra, AGT Food and Ingredients, A&B Ingredients, Sunwarrior |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 17.1% of the global vegan protein powder market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 150.7 million by 2030.
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Vegan Protein Powder Market Scope
Vegan Protein Powder Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific vegan protein powder market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vegan protein powder market will help companies and investors design strategic landscapes.
Pea protein was the largest segment with a revenue share of 31.24% in 2022. Horizon Databook has segmented the Asia Pacific vegan protein powder market based on hemp protein, pea protein, brown rice protein, soy protein, algae based (spirulina), protein blends covering the revenue growth of each sub-segment from 2017 to 2030.
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Target buyers of Asia Pacific vegan protein powder market databook
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Our clientele includes a mix of vegan protein powder market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific vegan protein powder market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific vegan protein powder market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific vegan protein powder market size, by country, 2017-2030 (US$M)
Asia Pacific Vegan Protein Powder Market Outlook Share, 2022 & 2030 (US$M)
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