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PUBLISHER: IMARC | PRODUCT CODE: 1291460
PUBLISHER: IMARC | PRODUCT CODE: 1291460
Vegan Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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Market Overview:
The global vegan supplements market size reached US$ 7.5 Billion in 2022. Looking forward, IMARC Group 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:
IMARC Group 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., Nestle 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?
Product Code: SR112023A5876
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
- 9.1.1 United States
- 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
- 9.2.1 China
- 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
- 9.3.1 Germany
- 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
- 9.4.1 Brazil
- 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 Nestle 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
- 14.3.1 Aloha Inc.
Product Code: SR112023A5876
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
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