+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Vegan Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

  • PDF Icon

    Report

  • 142 Pages
  • May 2023
  • Region: Global
  • IMARC Group
  • ID: 5820724
Description Jump to:
The global vegan supplements market size reached US$ 7.5 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 11.2 Billion by 2028, exhibiting a growth rate (CAGR) of 6.8% during 2023-2028.

Veganism is a practice that abstains from the use of animal byproducts, such as milk, eggs, or meat. Vegan supplements refer to additional nutrients that are derived from plant-based sources to fulfill the nutritional requirements of the human body. Generally consumed by the vegan population, they are rich in iron, calcium, vitamins B12 and D, iron, zinc, iodine, omega-3 fatty acids, and proteins. Vegan supplements are commonly available in pills, capsules, gummies, powders, tablets, and liquid forms. As compared to non-vegan supplements, they exhibit a smaller carbon footprint and are more environmentally sustainable while delivering the same dosage and quality of underlying nutrients. Apart from this, they help ensure the intake of proper nutrients, improve cognitive abilities, provide better athletic performance, manage weight, and boost immunity.

Vegan Supplements Market Trends:

The significant growth in the vegan population due to health concerns, environmental impact, and animal welfare is creating a positive outlook for the market. This is further supported by the increasing instances of various lifestyle diseases and the shifting consumer inclination toward a healthier lifestyle. Apart from this, continuous product innovations in various flavor profiles, such as vanilla, chocolate, berry, and others, are providing an impetus to the market growth. Additionally, the increasing awareness about the associated benefits of vegan supplements and the rising demand for clean label, energy-rich offerings are positively impacting the market growth. Moreover, the extensive product application in sports nutrition as a good source of dietary fiber to minimize the risk of inflammation and improve cholesterol levels, blood viscosity, and arterial flexibility is acting as another growth-inducing factor. Besides this, the widespread adoption of vegan supplement powder with enhanced shelf life, rising expenditure capacities of consumers, and easy product availability across e-commerce platforms are anticipated to drive the market toward growth.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global vegan supplements market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product type, form and distribution channel.

Breakup by Product Type:

  • Protein
  • Minerals
  • Vitamins
  • Others

Breakup by Form:

  • Powder
  • Capsules/Tablets
  • Others

Breakup by Distribution Channel:

  • Pharmacies/Drug Stores
  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores

Breakup by Region:

North America

  • United States
  • Canada

Asia-Pacific

  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others

Europe

  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others

Latin America

  • Brazil
  • Mexico
  • Others

Middle East and Africa


Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Aloha Inc., Amway Corp., Deva Nutrition LLC, DuPont de Nemours Inc., Eversea Inc., HTC Health, Jarrow Formulas Inc., Nestlé S.A., NOW Foods, Nutrazee, Ora Organic and PepsiCo Inc.

Key Questions Answered in This Report:

  • How has the global vegan supplements market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global vegan supplements market?
  • What are the key regional markets?
  • What is the breakup of the market based on the product type?
  • What is the breakup of the market based on the form?
  • What is the breakup of the market based on the distribution channel?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global vegan supplements market and who are the key players?
  • What is the degree of competition in the industry?

Table of Contents

1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Vegan Supplements Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Product Type
6.1 Protein
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Minerals
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Vitamins
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast
7 Market Breakup by Form
7.1 Powder
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Capsules/Tablets
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Others
7.3.1 Market Trends
7.3.2 Market Forecast
8 Market Breakup by Distribution Channel
8.1 Pharmacies/Drug Stores
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Supermarkets and Hypermarkets
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Specialty Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online Stores
8.4.1 Market Trends
8.4.2 Market Forecast
9 Market Breakup by Region
9.1 North America
9.1.1 United States
9.1.1.1 Market Trends
9.1.1.2 Market Forecast
9.1.2 Canada
9.1.2.1 Market Trends
9.1.2.2 Market Forecast
9.2 Asia-Pacific
9.2.1 China
9.2.1.1 Market Trends
9.2.1.2 Market Forecast
9.2.2 Japan
9.2.2.1 Market Trends
9.2.2.2 Market Forecast
9.2.3 India
9.2.3.1 Market Trends
9.2.3.2 Market Forecast
9.2.4 South Korea
9.2.4.1 Market Trends
9.2.4.2 Market Forecast
9.2.5 Australia
9.2.5.1 Market Trends
9.2.5.2 Market Forecast
9.2.6 Indonesia
9.2.6.1 Market Trends
9.2.6.2 Market Forecast
9.2.7 Others
9.2.7.1 Market Trends
9.2.7.2 Market Forecast
9.3 Europe
9.3.1 Germany
9.3.1.1 Market Trends
9.3.1.2 Market Forecast
9.3.2 France
9.3.2.1 Market Trends
9.3.2.2 Market Forecast
9.3.3 United Kingdom
9.3.3.1 Market Trends
9.3.3.2 Market Forecast
9.3.4 Italy
9.3.4.1 Market Trends
9.3.4.2 Market Forecast
9.3.5 Spain
9.3.5.1 Market Trends
9.3.5.2 Market Forecast
9.3.6 Russia
9.3.6.1 Market Trends
9.3.6.2 Market Forecast
9.3.7 Others
9.3.7.1 Market Trends
9.3.7.2 Market Forecast
9.4 Latin America
9.4.1 Brazil
9.4.1.1 Market Trends
9.4.1.2 Market Forecast
9.4.2 Mexico
9.4.2.1 Market Trends
9.4.2.2 Market Forecast
9.4.3 Others
9.4.3.1 Market Trends
9.4.3.2 Market Forecast
9.5 Middle East and Africa
9.5.1 Market Trends
9.5.2 Market Breakup by Country
9.5.3 Market Forecast
10 SWOT Analysis
10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats
11 Value Chain Analysis
12 Porters Five Forces Analysis
12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
14.3.1 Aloha Inc.
14.3.1.1 Company Overview
14.3.1.2 Product Portfolio
14.3.2 Amway Corp.
14.3.2.1 Company Overview
14.3.2.2 Product Portfolio
14.3.2.3 SWOT Analysis
14.3.3 Deva Nutrition LLC
14.3.3.1 Company Overview
14.3.3.2 Product Portfolio
14.3.4 DuPont de Nemours Inc.
14.3.4.1 Company Overview
14.3.4.2 Product Portfolio
14.3.4.3 Financials
14.3.4.4 SWOT Analysis
14.3.5 Eversea Inc.
14.3.5.1 Company Overview
14.3.5.2 Product Portfolio
14.3.6 HTC Health
14.3.6.1 Company Overview
14.3.6.2 Product Portfolio
14.3.7 Jarrow Formulas Inc.
14.3.7.1 Company Overview
14.3.7.2 Product Portfolio
14.3.8 Nestlé S.A.
14.3.8.1 Company Overview
14.3.8.2 Product Portfolio
14.3.8.3 Financials
14.3.8.4 SWOT Analysis
14.3.9 NOW Foods
14.3.9.1 Company Overview
14.3.9.2 Product Portfolio
14.3.10 Nutrazee
14.3.10.1 Company Overview
14.3.10.2 Product Portfolio
14.3.11 Ora Organic
14.3.11.1 Company Overview
14.3.11.2 Product Portfolio
14.3.12 PepsiCo Inc.
14.3.12.1 Company Overview
14.3.12.2 Product Portfolio
14.3.12.3 Financials
14.3.12.4 SWOT Analysis
List of Figures
Figure 1: Global: Vegan Supplements Market: Major Drivers and Challenges
Figure 2: Global: Vegan Supplements Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Vegan Supplements Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 4: Global: Vegan Supplements Market: Breakup by Product Type (in %), 2022
Figure 5: Global: Vegan Supplements Market: Breakup by Form (in %), 2022
Figure 6: Global: Vegan Supplements Market: Breakup by Distribution Channel (in %), 2022
Figure 7: Global: Vegan Supplements Market: Breakup by Region (in %), 2022
Figure 8: Global: Vegan Supplements (Protein) Market: Sales Value (in Million US$), 2017 & 2022
Figure 9: Global: Vegan Supplements (Protein) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 10: Global: Vegan Supplements (Minerals) Market: Sales Value (in Million US$), 2017 & 2022
Figure 11: Global: Vegan Supplements (Minerals) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 12: Global: Vegan Supplements (Vitamins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Vegan Supplements (Vitamins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Vegan Supplements (Other Product Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Vegan Supplements (Other Product Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Vegan Supplements (Powder) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Vegan Supplements (Powder) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Vegan Supplements (Capsules/Tablets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Vegan Supplements (Capsules/Tablets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Vegan Supplements (Other Forms) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Vegan Supplements (Other Forms) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Vegan Supplements (Pharmacies/Drug Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Vegan Supplements (Pharmacies/Drug Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Vegan Supplements (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Vegan Supplements (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Vegan Supplements (Specialty Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Vegan Supplements (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Vegan Supplements (Online Stores) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Vegan Supplements (Online Stores) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: North America: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: North America: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: United States: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: United States: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Canada: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 35: Canada: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 36: Asia-Pacific: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 37: Asia-Pacific: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 38: China: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 39: China: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 40: Japan: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 41: Japan: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 42: India: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 43: India: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 44: South Korea: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: South Korea: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Australia: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Australia: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Indonesia: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Indonesia: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: Others: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: Others: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Europe: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Europe: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Germany: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Germany: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: France: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: France: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: United Kingdom: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: United Kingdom: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 60: Italy: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 61: Italy: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 62: Spain: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 63: Spain: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 64: Russia: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 65: Russia: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 66: Others: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 67: Others: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 68: Latin America: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 69: Latin America: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 70: Brazil: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 71: Brazil: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 72: Mexico: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 73: Mexico: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 74: Others: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 75: Others: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 76: Middle East and Africa: Vegan Supplements Market: Sales Value (in Million US$), 2017 & 2022
Figure 77: Middle East and Africa: Vegan Supplements Market: Breakup by Country (in %), 2022
Figure 78: Middle East and Africa: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 79: Global: Vegan Supplements Industry: SWOT Analysis
Figure 80: Global: Vegan Supplements Industry: Value Chain Analysis
Figure 81: Global: Vegan Supplements Industry: Porter's Five Forces Analysis
List of Tables
Table 1: Global: Vegan Supplements Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Vegan Supplements Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Vegan Supplements Market Forecast: Breakup by Form (in Million US$), 2023-2028
Table 4: Global: Vegan Supplements Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Vegan Supplements Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 6: Global: Vegan Supplements Market: Competitive Structure
Table 7: Global: Vegan Supplements Market: Key Players

Companies Mentioned

  • Aloha Inc.
  • Amway Corp.
  • Deva Nutrition LLC
  • DuPont de Nemours Inc.
  • Eversea Inc.
  • HTC Health
  • Jarrow Formulas Inc.
  • Nestlé S.A.
  • NOW Foods
  • Nutrazee
  • Ora Organic and PepsiCo Inc.

Methodology

Loading
LOADING...

Table Information

Report AttributeDetails
No. of Pages142
PublishedMay 2023
Forecast Period2022 - 2028
Estimated Market Value ( USD ) in 2022 $ 7.5 Billion
Forecasted Market Value ( USD ) by 2028 $ 11.2 Billion
Compound Annual Growth Rate6.9%
Regions CoveredGlobal
No. of Companies Mentioned11

Related Topics

Related Reports

Global Vegan Supplements Market by Form (Capsule, Powder), Type (Calcium, Iodine, Iron), Distribution channel, Application - Forecast 2024-2030 - Product Image

Global Vegan Supplements Market by Form (Capsule, Powder), Type (Calcium, Iodine, Iron), Distribution channel, Application - Forecast 2024-2030

  • Report
  • 197 Pages
  • Global
From
Vegan Supplements Global Market Report 2024 - Product Image

Vegan Supplements Global Market Report 2024

  • Report
  • 200 Pages
  • Global
From
Vegan Vitamins and Supplements Market Size & Market Share Data, Latest Trend Analysis and Future Growth Intelligence Report - Forecast by Form, by Application, by End User, Analysis and Outlook from 2023 to 2030 - Product Image

Vegan Vitamins and Supplements Market Size & Market Share Data, Latest Trend Analysis and Future Growth Intelligence Report - Forecast by Form, by Application, by End User, Analysis and Outlook from 2023 to 2030

  • Report
  • 162 Pages
  • Global
From
Vegan Supplements Market: Industry Size, Share, Competition, Trends, Growth Opportunities and Forecasts by Region - Insights and Outlook by Product, 2024 to 2031 - Product Image

Vegan Supplements Market: Industry Size, Share, Competition, Trends, Growth Opportunities and Forecasts by Region - Insights and Outlook by Product, 2024 to 2031

  • Report
  • 156 Pages
  • Global
From
Protein Supplements Market Report by Type, Form, Source, Application, Distribution Channel, and Region 2024-2032 - Product Image

Protein Supplements Market Report by Type, Form, Source, Application, Distribution Channel, and Region 2024-2032

  • Report
  • 147 Pages
  • Global
From
Copyright © 2002-2024 Research and Markets. All Rights Reserved.