India Vegan Vitamins and Supplements Market, By Type ; By Nature ; By Distribution Channel ; By Region, Trend Analysis, Competitive Landscape & Forecast, 2019-2029

PUBLISHED: June 1, 2023

PAGES: 200 Pages

DELIVERY TIME: 2-3 business days

ADD TO COMPARE

SELECT AN OPTION

India vegan vitamins and supplements market is experiencing a significant expansion, driven by increasing awareness of the health benefits associated with plant-based diets, a growing population of individuals adopting vegan lifestyles, and the availability of a wider range of vegan products.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the India vegan vitamins and supplements market size at USD 1.07 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the India vegan vitamins and supplements market size to grow at a CAGR of 12.54% reaching a value of USD 4.31 billion by 2029. The demand for vegan vitamins and supplements in the Indian market is on the rise, primarily propelled by a growing emphasis on health and well-being, heightened awareness about animal welfare, and the increasing popularity of veganism as a lifestyle choice. The surge in demand for vegan vitamins and supplements is further supported by the availability of a wide array of vegan products, encompassing vitamins, minerals, protein powders, and other dietary supplements, which cater to the unique requirements of individuals following plant-based diets.

Opportunity: Expansion of Vegan Food Industry in India

The expansion of the vegan food industry in India presents a significant growth opportunity for the vegan vitamins and supplements market across the country. As more individuals adopt vegan and plant-based diets, there is a growing demand for vegan-friendly nutritional supplements to ensure optimal nutrient intake. The increasing popularity of vegan food choices creates a natural synergy with vegan vitamins and supplements. Consumers who choose plant-based diets are often mindful of their overall health and wellness and may seek out complementary products to support their nutritional needs. The expansion of the vegan food industry also contributes to the overall awareness and acceptance of veganism and plant-based lifestyles in India. As the vegan movement gains momentum, it creates a favorable environment for the growth of related sectors, including the vegan vitamins and supplements market.

Segmental Information

India Vegan Vitamins and Supplements Market - By Distribution Channel:

By distribution channel, the India vitamins and supplements market is divided into store-based retail, specialty stores, online retail, and supermarkets and hypermarkets segments. The online retail segment in India has witnessed remarkable growth in recent years, and this trend extends to the vegan vitamins and supplements market as well. The online retail market in India has been expanding rapidly, driven by deepening internet penetration, growing smartphone usage, and digital payment adoption. Online platforms provide a vast array of vegan vitamins and supplements from both domestic and international brands.

Impact of COVID-19 on India Vegan Vitamins and Supplements Market

People were looking for ways to strengthen their immune systems and maintain their health during the early stages of the pandemic, which resulted in an increase in demand for health and wellness items, including vegan vitamins and supplements. This caused a brief increase in the price of vegan supplements in India. However, as the pandemic persisted and the crisis' economic effects became apparent, some consumers might have started to be more frugal with their purchasing, which could have led to a minor fall in the demand for vegan supplements. In addition, the pandemic's effects on the supply chain, such as travel restrictions and lockdowns, may have delayed the delivery of raw materials and completed goods, resulting in shortages of supplies and price changes.

Competitive Landscape:

The India vegan vitamins and supplements market is fragmented, with numerous players serving the market. The key players dominating the India Vegan Vitamins and Supplements market include VegLife, Dupont, DEVA, NOW Foods, Natrol, Solgar Inc, Vitacost, HTC Health, Orgenetics, and Ora Organic. The key marketing strategies adopted by the players are facility expansion, product diversification, alliances, collaborations, partnerships, and acquisition to expand their customer reach and gain a competitive edge in the overall market.

The report's in-depth analysis provides information about growth potential, upcoming trends, and the India Vegan Vitamins and Supplements Market statistics. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the India Vegan Vitamins and Supplements Market along with industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyses the growth drivers, challenges, and competitive dynamics of the market.

Product Code: BWC23438

1. Research Framework

1.1. Research Objective
1.2. Product Overview
1.3. Market Segmentation

2. Executive Summary

3. India Vegan Vitamins and Supplements Market Insights

3.1. Industry Value Chain Analysis
3.2. DROC Analysis
- 3.2.1. Growth Drivers
  - 3.2.1.1. Increasing Health and Wellness Awareness
  - 3.2.1.2. Growing Prevalence of Vitamin and Mineral Deficiencies
- 3.2.2. Restraints
  - 3.2.2.1. High Cost of Vegan Vitamins and Supplements
- 3.2.3. Opportunity
  - 3.2.3.1. Expansion of the Vegan Food Industry
- 3.2.4. Challenges
  - 3.2.4.1. Stringent Government Regulations
3.3. Technology Advancements/Recent Developments
3.4. Regulatory Framework
3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry

4. India Vegan Vitamins and Supplements Market Overview

4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
4.2. Market Share & Forecast
- 4.2.1. By Type
  - 4.2.1.1. Olive Oil
  - 4.2.1.2. Mustard Oil
  - 4.2.1.3. Almond Oil
  - 4.2.1.4. Castor Oil
  - 4.2.1.5. Chamomile Oil
  - 4.2.1.6. Tea Tree Oil
- 4.2.2. By Nature
  - 4.2.2.1. Synthetic
  - 4.2.2.2. Organic
- 4.2.3. By Distribution Channel
  - 4.2.3.1. Store Based Retail
  - 4.2.3.2. Specialty Stores
  - 4.2.3.3. Online Retail
  - 4.2.3.4. Supermarkets
  - 4.2.3.5. Hypermarkets
- 4.2.4. By Region
  - 4.2.4.1. North India
  - 4.2.4.2. South India
  - 4.2.4.3. East India
  - 4.2.4.4. West India

5. North India Vegan Vitamins and Supplements Market

5.1. Market Size & Forecast, 2019-2029
- 5.1.1. By Value (USD Million)
5.2. Market Share & Forecast
- 5.2.1. By Type
- 5.2.2. By Nature
- 5.2.3. By Distribution Channel

6. South India Vegan Vitamins and Supplements Market

6.1. Market Size & Forecast, 2019-2029
- 6.1.1. By Value (USD Million)
6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By Nature
- 6.2.3. By Distribution Channel

7. East India Vegan Vitamins and Supplements Market

7.1. Market Size & Forecast, 2019-2029
- 7.1.1. By Value (USD Million)
7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By Nature
- 7.2.3. By Distribution Channel

8. West India Vegan Vitamins and Supplements Market

8.1. Market Size & Forecast, 2019-2029
- 8.1.1. By Value (USD Million)
8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By Nature
- 8.2.3. By Distribution Channel

9. Competitive Landscape

9.1. List of Key Players and Their Offerings
9.2. India Vegan Vitamins and Supplements Company Market Share Analysis, 2022
9.3. Competitive Benchmarking, By Operating Parameters
9.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)

10. Impact of Covid-19 on India Vegan Vitamins and Supplements Market

11. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)

11.1. VegLife
11.2. Dupont
11.3. DEVA
11.4. NOW Foods
11.5. Natrol
11.6. Solgar Inc
11.7. Vitacost
11.8. HTC Health
11.9. Orgenetics
11.10. Ora Organic
11.11. Other Prominent Players

12. Key Strategic Recommendations

13. Research Methodology

13.1. Qualitative Research
- 13.1.1. Primary & Secondary Research
13.2. Quantitative Research
13.3. Market Breakdown & Data Triangulation
- 13.3.1. Secondary Research
- 13.3.2. Primary Research
13.4. Breakdown of Primary Research Respondents, By Region
13.5. Assumptions & Limitations

*Financial information of case of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.

Product Code: BWC23438

List of Figures

Figure 1 India Vegan Vitamins and Supplements Segmentation
Figure 2 India Vegan Vitamins and Supplements Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 India Vegan Vitamins and Supplements Market Size, By Value (USD Million), 2019-2029
Figure 5 India Vegan Vitamins and Supplements Market Share, By Type, By Value, 2019-2029
Figure 6 India Vegan Vitamins and Supplements Market Share, By Nature, By Value, 2019-2029
Figure 7 India Vegan Vitamins and Supplements Market Share, By Distribution Channel, By Value, 2019-2029
Figure 8 North India Vegan Vitamins and Supplements Market Size, By Value (USD Million), 2019-2029
Figure 9 North India Vegan Vitamins and Supplements Market Share, By Type, By Value, 2019-2029
Figure 10 North India Vegan Vitamins and Supplements Market Share, By Nature, By Value, 2019-2029
Figure 11 North India Vegan Vitamins and Supplements Market Share, By Distribution Channel, By Value, 2019-2029
Figure 12 South India Vegan Vitamins and Supplements Market Size, By Value (USD Million), 2019-2029
Figure 13 South India Vegan Vitamins and Supplements Market Share, By Type, By Value, 2019-2029
Figure 14 South India Vegan Vitamins and Supplements Market Share, By Nature, By Value, 2019-2029
Figure 15 South India Vegan Vitamins and Supplements Market Share, By Distribution Channel, By Value, 2019-2029
Figure 16 East India Vegan Vitamins and Supplements Market Size, By Value (USD Million), 2019-2029
Figure 17 East India Vegan Vitamins and Supplements Market Share, By Type, By Value, 2019-2029
Figure 18 East India Vegan Vitamins and Supplements Market Share, By Nature, By Value, 2019-2029
Figure 19 East India Vegan Vitamins and Supplements Market Share, By Distribution Channel, By Value, 2019-2029
Figure 20 West India Vegan Vitamins and Supplements Market Size, By Value (USD Million), 2019-2029
Figure 21 West India Vegan Vitamins and Supplements Market Share, By Type, By Value, 2019-2029
Figure 22 West India Vegan Vitamins and Supplements Market Share, By Nature, By Value, 2019-2029
Figure 23 West India Vegan Vitamins and Supplements Market Share, By Distribution Channel, By Value, 2019-2029

List of Tables

Table 1 India Vegan Vitamins and Supplements Market Size, By Value (USD Million), 2019-2029
Table 2 India Vegan Vitamins and Supplements Market Size, By Type, By Value, 2019-2029
Table 3 India Vegan Vitamins and Supplements Market Size, By Nature, By Value, 2019-2029
Table 4 India Vegan Vitamins and Supplements Market Size, By Distribution Channel, By Value, 2019-2029
Table 5 North India Vegan Vitamins and Supplements Market Size, By Value (USD Million), 2019-2029
Table 6 North India Vegan Vitamins and Supplements Market Size, By Type, By Value, 2019-2029
Table 7 North India Vegan Vitamins and Supplements Market Size, By Nature, By Value, 2019-2029
Table 8 North India Vegan Vitamins and Supplements Market Size, By Distribution Channel, By Value, 2019-2029
Table 9 South India Vegan Vitamins and Supplements Market Size, By Value (USD Million), 2019-2029
Table 10 South India Vegan Vitamins and Supplements Market Size, By Type, By Value, 2019-2029
Table 11 South India Vegan Vitamins and Supplements Market Size, By Nature, By Value, 2019-2029
Table 12 South India Vegan Vitamins and Supplements Market Size, By Distribution Channel, By Value, 2019-2029
Table 13 East India Vegan Vitamins and Supplements Market Size, By Value (USD Million), 2019-2029
Table 14 East India Vegan Vitamins and Supplements Market Size, By Type, By Value, 2019-2029
Table 15 East India Vegan Vitamins and Supplements Market Size, By Nature, By Value, 2019-2029
Table 16 East India Vegan Vitamins and Supplements Market Size, By Distribution Channel, By Value, 2019-2029
Table 17 West India Vegan Vitamins and Supplements Market Size, By Value (USD Million), 2019-2029
Table 18 West India Vegan Vitamins and Supplements Market Size, By Type, By Value, 2019-2029
Table 19 West India Vegan Vitamins and Supplements Market Size, By Nature, By Value, 2019-2029
Table 20 West India Vegan Vitamins and Supplements Market Size, By Distribution Channel, By Value, 2019-2029
Table 21 VegLife Company Overview
Table 22 VegLife Financial Overview
Table 23 Dupont Company Overview
Table 24 Dupont Financial Overview
Table 25 DEVA Company Overview
Table 26 DEVA Financial Overview
Table 27 NOW Foods Company Overview
Table 28 NOW Foods Financial Overview
Table 29 Natrol Company Overview
Table 30 Natrol Financial Overview
Table 31 Solgar Inc Company Overview
Table 32 Solgar Inc Financial Overview
Table 33 Vitacost Company Overview
Table 34 Vitacost Financial Overview
Table 35 HTC Health Company Overview
Table 36 HTC Health Financial Overview
Table 37 Orgenetics Company Overview
Table 38 Orgenetics Financial Overview
Table 39 Ora Organic Company Overview
Table 40 Ora Organic Financial Overview