Vegan Supplements Market
Vegan Supplements Market By Ingredients (Vitamins & Minerals, Amino Acids, Botanical Supplements), By Form (Liquid, Powder), By Flavor (Unflavored, Vanilla), By Distribution Channel & By Region Forecast - Global Review 2021 to 2031
Analysis of Vegan Supplements Market Covering 30 + Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Vegan Supplements Market to Witness a CAGR of Around 11%
According to latest research by Fact.MR, vegan supplements is likely to witness exponential growth during 2021-2031. Demand for vegan supplements will witness steady recovery in short-term, with sanguine growth outlook in the long-run. Increasing awareness regarding importance of healthy diet will mean limited opportunities in near future, however, consumption of vegan supplements by fitness enthusiast working out and following their diet regularly will provide momentum.
Don't Need a Global Report?
save 40%! on Country & Region specific reports
What is Driving Demand for Vegan Supplements?
The plant-based revolution is not merely driven by the growing chunk of vegetarian or vegan consumers. In fact, this count of consumers remains small, whilst the bloom in number of consumers following flexitarian lifestyle is driving the overall vegan supplements market, throughout the globe. Flexitarians are increasingly adding vegan products to their shopping kart, to reduce their consumption of animal-based food products over ethical concerns.
Evolving demand for more organic, safer and healthier alternatives to animal-based products continues to drive the demand for vegan supplements in day to day dietary. Aesthetic and bodybuilding applications remains to be a lucrative avenue for vegan supplements manufacturers.
Apart from being an essential macronutrient for tissue repair, and enzymes and hormone production, the use of vegan supplements are widely evident to aid weight loss, maintain body proteins and vitamins level, and help people strengthen their muscles. Vegan supplements are being increasingly sought-after to reduce the risk of cancer, coronary disease, diabetes, and other lifestyle-based ailments accompanied by the consumption of meat products.
Applications in Sports Nutrition Likely to Augment Vegan Supplements Sales
While some industries faced sluggishness, protein and supplement industry showed a tremendous growth owing to rising consumer awareness on animal cruelty, the growing number of fitness centers, and desire to lead active and healthy lifestyles amid COVID-19 pandemic. Vegan supplements manufacturers are likely to witness sustained opportunities in near future as increasing fitness and immunity remains the key focus area for end-users.
Vegan supplements are extensively used in sports nutrition industry as they have optimized ingredient offerings for more particular nutritional needs such as vegan protein supplements and vegan iron supplements, making them popular among flexitarians and traditional vegans. Also, vegan supplements minimizes the risk of coronary plaques and inflammation (evident in cyclists and runners), while improving cholesterol, arterial flexibility, and blood viscosity.
Although lockdown and shelter-at-home guidelines have meant restricted sporting activities, sales are likely to improve over the course of the assessment period owing to the surge in vegan population, and the increase in number of online wellness clubs.
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
US and Canada Vegan Supplements Market Outlook
Past records has shown that North America remains a fertile ground for protein and supplement industry owing to the large population of fitness enthusiasts. However, vegan population in US accounts between 3-4% of the total population residing in the country, whilst the growing flexitarian population is expected to fuel the overall market for vegan supplements in near future.
Demand for vegan supplements in US and Canada will be led by sports nutrition industry. With the advent of COVID-19 pandemic, most of the Canadians have turned into flexitarians. And within Canada, British Columbia accounts for the largest number of vegan consumers.
Although veganism is said to be one of the healthiest diets, the group of vegans found to have a deficit of certain nutrients. With the increasing need for vegan supplements to support the deficiency, the market for vegan supplements is likely to propel in North America.
Europe Demand Outlook for Vegan Supplements
European countries have been severely impacted by the COVID-19 crisis and resulted in a decline of economic activities. However, regular usage of vitamins and supplements by growing geriatric population, and growing discretionary spending continues to drive demand for vegan supplements.
Despite the COVID-19 challenges, most European countries have maintained a steady healthcare and fitness expenditure in 2020. In Europe, around 1% of consumers claims to be vegan while near about 3% are vegetarian. Yet the vegan supplements market is trending heavily in Europe with growing consumer emphasis on improving their quality of life. Also the harmonization of regulations, governing supplements undertaken by the European Union is likely to open doors for European vegan supplement manufacturers.
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
Who are the Key Manufacturers and Suppliers of Vegan Supplements?
Some of the leading manufacturers and suppliers of vegan supplements include
- Nutrazee Inc.
- VMLOX
- Eversea
- Garden of Life
- Danone S.A.
- Blue Diamond Growers Inc.
- ALOHA
- NuGo Nutrition
- BHU Foods
- One Brands
- G&G Vitamins
- Glanbia Plc
- Herbalife Nutrition
- Holland & Barrett Retail Limited
- Nutravita Limited
- Greenvits
- Vanatari International GmbH
- Prevention LLC
- Sequel Natural Ltd.
- Riff Enterprises, Inc.
- Orgain, Inc.
- Archon Vitamin LLC
- BioOriginal Food & Science Corp.
- Giulia
- Nichiga
- Body Wing
- Nutrilite
- Hero Protein
Many leading manufacturers and suppliers have an e-commerce presence to supply vegan supplements directly to end-users by cutting down intermediary costs.
Increasing importance of plant-based nutrition, positive outlook for the sport nutrition industry and emerging fitness trends leading to high demand for protein-rich diet are some of the factors which are likely to create huge opportunities for market participants in vegan supplements market. Top players in vegan supplements market are primarily focusing to hold the market position through the expansion of product portfolios with new and innovative offerings.
Vegan Supplements Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
Key Segments
By Ingredients:
- Vitamins & Minerals
- Amino Acids
- Botanical Supplements
- Others
By Form:
- Liquid
- Powder
- Capsules
- Bars
- Others
By Flavor:
- Unflavored
- Vanilla
- Chocolate
- Others (banana, strawberry, etc.)
By Distribution Channel:
- Supermarkets/Hypermarkets
- Specialty Stores
- Convenience Stores
- Drug Stores & Pharmacies
- Health & Wellness Stores
- Online Retailing
- Other Channels
By Region:
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- EU5
- Nordics
- Benelux
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- India
- ASEAN
- Rest of Asia Pacific
- Japan
- Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Table of Content
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Ingredients 6.2. Form 6.3. Flavor 6.4. Distribution Channel 7. Global Market Analysis and Forecast, By Ingredients 7.1. Vitamins & Minerals 7.2. Amino Acids 7.3. Botanical Supplements 7.4. Others 8. Global Market Analysis and Forecast, By Form 8.1. Liquid 8.2. Powder 8.3. Capsules 8.4. Bars 8.5. Others 9. Global Market Analysis and Forecast, By Flavor 9.1. Unflavored 9.2. Vanilla 9.3. Chocolate 9.4. Others (banana, strawberry, etc.) 10. Global Market Analysis and Forecast, By Distribution Channel 10.1. Supermarkets/Hypermarkets 10.2. Specialty Stores 10.3. Convenience Stores 10.4. Drug Stores & Pharmacies 10.5. Health & Wellness Stores 10.6. Online Retailing 10.7. Other Channels 11. Global Market Analysis and Forecast, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. Eastern Europe 11.5. East Asia 11.6. South Asia & Pacific 11.7. MEA 12. North America Sales Analysis and Forecast, by Key Segments and Countries 13. Latin America Sales Analysis and Forecast, by Key Segments and Countries 14. Western Europe Sales Analysis and Forecast, by Key Segments and Countries 15. Eastern Europe Sales Analysis and Forecast, by Key Segments and Countries 16. East Asia Sales Analysis and Forecast, by Key Segments and Countries 17. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 18. MEA Sales Analysis and Forecast, by Key Segments and Countries 19. Sales Forecast by Ingredients, Form, Flavor, and Distribution Channel for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Nutrazee Inc. 21.2. VMLOX 21.3. Eversea 21.4. Garden of Life 21.5. Danone S.A. 21.6. Blue Diamond Growers Inc. 21.7. ALOHA 21.8. NuGo Nutrition 21.9. BHU Foods 21.10. One Brands 21.11. G&G Vitamins 21.12. Glanbia Plc 21.13. Herbalife Nutrition 21.14. Holland & Barrett Retail Limited 21.15. Nutravita Limited 21.16. Greenvits 21.17. Vanatari International GmbH 21.18. Prevention LLC 21.19. Sequel Natural Ltd. 21.20. Riff Enterprises, Inc
Don't Need a Global Report?
save 40%! on Country & Region specific reports
List Of Table
Table 1: Global Market US$ Mn Forecast by Region
Table 2: Global Market US$ Mn Forecast by Ingredients
Table 3: Global Market US$ Mn Forecast by Form
Table 4: Global Market US$ Mn Forecast by Flavor
Table 5: Global Market US$ Mn Forecast by Distribution Channel
Table 6: North America Market US$ Mn Forecast by Country
Table 7: North America Market US$ Mn Forecast by Ingredients
Table 8: North America Market US$ Mn Forecast by Form
Table 9: North America Market US$ Mn Forecast by Flavor
Table 10: North America Market US$ Mn Forecast by Distribution Channel
Table 11: Latin America Market US$ Mn Forecast by Country
Table 12: Latin America Market US$ Mn Forecast by Ingredients
Table 13: Latin America Market US$ Mn Forecast by Form
Table 14: Latin America Market US$ Mn Forecast by Flavor
Table 15: Latin America Market US$ Mn Forecast by Distribution Channel
Table 16: Western Europe Market US$ Mn Forecast by Country
Table 17: Western Europe Market US$ Mn Forecast by Ingredients
Table 18: Western Europe Market US$ Mn Forecast by Form
Table 19: Western Europe Market US$ Mn Forecast by Flavor
Table 20: Western Europe Market US$ Mn Forecast by Distribution Channel
Table 21: Eastern Europe Market US$ Mn Forecast by Country
Table 22: Eastern Europe Market US$ Mn Forecast by Ingredients
Table 23: Eastern Europe Market US$ Mn Forecast by Form
Table 24: Eastern Europe Market US$ Mn Forecast by Flavor
Table 25: Eastern Europe Market US$ Mn Forecast by Distribution Channel
Table 26: East Asia Market US$ Mn Forecast by Country
Table 27: East Asia Market US$ Mn Forecast by Ingredients
Table 28: East Asia Market US$ Mn Forecast by Form
Table 29: East Asia Market US$ Mn Forecast by Flavor
Table 30: East Asia Market US$ Mn Forecast by Distribution Channel
Table 31: South Asia & Pacific Market US$ Mn Forecast by Country
Table 32: South Asia & Pacific Market US$ Mn Forecast by Ingredients
Table 33: South Asia & Pacific Market US$ Mn Forecast by Form
Table 34: South Asia & Pacific Market US$ Mn Forecast by Flavor
Table 35: South Asia & Pacific Market US$ Mn Forecast by Distribution Channel
Table 36: MEA Market US$ Mn Forecast by Country
Table 37: MEA Market US$ Mn Forecast by Ingredients
Table 38: MEA Market US$ Mn Forecast by Form
Table 39: MEA Market US$ Mn Forecast by Flavor
Table 40: MEA Market US$ Mn Forecast by Distribution Channel
More Insights, Lesser Cost (-50% off)
Insights on import/export production,
pricing analysis, and more – Only @ Fact.MR
List Of Figures
Figure 1: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredients
Figure 2: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 3: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor
Figure 4: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 5: Global Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Region
Figure 6: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredients
Figure 7: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 8: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor
Figure 9: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 10: North America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 11: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredients
Figure 12: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 13: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor
Figure 14: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 15: Latin America Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 16: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredients
Figure 17: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 18: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor
Figure 19: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 20: Western Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 21: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredients
Figure 22: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 23: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor
Figure 24: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 25: Eastern Europe Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 26: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredients
Figure 27: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 28: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor
Figure 29: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 30: East Asia Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 31: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredients
Figure 32: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 33: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor
Figure 34: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 35: South Asia & Pacific Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Figure 36: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Ingredients
Figure 37: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Form
Figure 38: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Flavor
Figure 39: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Distribution Channel
Figure 40: MEA Market Value Share (%), Growth Rate (Y-o-Y), and US$ Mn Projection by Country
Know thy Competitors
Competitive landscape highlights only certain players
Complete list available upon request
- FAQs -
How Much is the Vegan Supplements Market likely to be Worth?
The vegan supplements market is likely to capture a CAGR of 11% during the forecast period.
Why Vegan Supplements Market has High Growth Potential?
The vegan supplements market has potential growth with the rising organic food during the forecast period.
Where will Manufacturers find Most Opportunities in the Vegan Supplements Industry?
The North America holds most opportunities in the vegan supplements market during the forecast period.
Vegan Supplements Market