Vegan Supplements Market Size, Share, Trends, Growth and Forecast 2026

Vegan Supplements Market

Global Vegan Supplements Market by Form (Capsules, Gummies, and Powder), Type (Blends, Amino Acids & Proteins, Minerals, and Vitamins), Distribution Channel (Specialty Stores, Mass Merchandisers, Supermarkets, Hypermarkets, and Others), Application (Breakfast Cereals, Flours, Snacks, Beverages, Bakery & Confectionery Products, Dairy Products, Infant Food, Pharmaceuticals, Healthcare Products, and Others), and Region– Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026

Category: Pharmaceutical Report Format : PDF Pages: 110 Report Code: ZMR-5809 Published Date: Feb-2021 Status : Published
Market Size in 2019 Market Forecast in 2026 CAGR (in %) Base Year
USD 4.92 Billion USD 6.84 Billion 4.8% 2020

Global Vegan Supplements Market: Overview

Vegan supplements are dietary supplements containing vital nutrients like amino acids, minerals, protein, and blends that help in building good health. They improve bodily functions by complementing the nutrition that consumers derive from their regular food.Global Vegan Supplements Market was valued at USD 4.92 billion in 2019 and is likely to reach USD 6.84 billion by 2026 with a CAGR of 4.8%.

Global Vegan Supplements Market: Growth Factors

There is a significant shift of consumers from meat products to vegan products. This growing preference of consumers for a vegan diet is a prominent factor boosting the growth of the global vegan supplements market. The growing concern regarding animal-based food is also propelling the demand for vegan supplements in the global vegan supplements market. The increasing prevalence of incidences of lactose intolerance among people is fueling the growth of the market. The growing awareness of people regarding their health and wellness has supported the adoption of vegan supplements in the market globally. People are transforming their lifestyle significantly due to the outbreak of COVID-19.

The pandemic has induced consumers to adopt preventive healthcare like nutritious food and beverages to facilitate health benefits. Moreover, the marketing of such distinct vegan supplements on social media platforms and penetrating business strategies have created lucrative growth opportunities in the global vegan supplements market. The vegan diet is highly visible on social media platforms and hence is inducing a larger audience to accept such products. The effective sales plans framed by leading manufacturers in the global vegan supplements market have largely utilized the online sales channel to increase their consumer base and achieve market expansion.

The increasing interest of people in sports nutrition is further propelling the growth of the market globally. Sports nutrition has attracted many new entrants to explore the untapped potential of the market. Moreover, manufacturers are launching better meat alternative products in the market to attract consumers. The growing per capita income of people is also bolstering the growth of the market globally. Manufacturers are vigorously investing in research and development activities to undergo extensive innovations to launch new products in the market for generating huge market revenue.

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Global Vegan Supplements Market: Segmentation

The global vegan supplements market can be segmented into form, distribution channel, type, application, and region.

By form, the market can be segmented into capsules, gummies, and powder. The capsule segment dominates the global vegan supplements market owing to its long shelf life and are among highly preferable consumable forms.

By type, the market can be segmented into blends, amino acids & proteins, minerals, and vitamins. The vitamins segment holds hegemony over others owing to its usage by all age humans for both curative and preventive healthcare.

By distribution channel, the global market can be segmented into specialty stores, mass merchandisers, supermarkets, hypermarkets, and others. The supermarket segment holds the largest share in the global vegan supplements market. However, the specialty stores segment is also anticipated to witness huge growth during the forecast period.

By application, the market can be segmented into breakfast cereals, flours, snacks, beverages, bakery & confectionery products, dairy products, infant food, pharmaceuticals, healthcare products, and others.

Global Vegan Supplements Market: Regional analysis

North America holds the largest share in the global vegan supplements market owing to the constantly growing medical service expenses. The growing awareness among people regarding their health is also contributing vigorously toward the regional market growth.

Europe is also expected to grow significantly with high CAGR during the forecast period due to the growing demand for ready to eat meals across the region. The growing investments by the prominent market players are also fueling the growth of the regional market.

Report Scope:

Report Attributes Report Details
Report Name Vegan Supplements Market Size Report
Market Size in 2019 USD 4.92 Billion
Market Forecast in 2026 USD 6.84 Billion
Growth Rate CAGR of 4.8%
Number of Pages 188
Forecast Units Value (USD Billion), and Volume (Units)
Key Companies Covered Blue Diamond Growers Inc., BHU Foods, One Brands, ALOHA, PepsiCo Inc., NuGo Nutrition, Danone S.A., General Mills, Inc., Eversea, VMLUX, HTC Health, Ora Organic, Orgenetics, Pure Encapsulations, Garden of Life, Vitacost, Natrol, NOW Foods, DEVA, Solgar Inc, VitaminEnergy, Jarrow Formulas, VegLife, and Dupont
Segments Covered By Distribution Channel, By Type, By Application and By Region
Base Year 2020
Historical Year 2015 to 2019
Forecast Year 2019 - 2026
Customization Scope Avail customized purchase options to meet your exact research needs. Request For Customization

Global Vegan Supplements Market: Competitive Players

  • Blue Diamond Growers Inc.
  • BHU Foods
  • One Brands
  • ALOHA
  • PepsiCo Inc.
  • NuGo Nutrition
  • Danone S.A.
  • General Mills
  • Eversea
  • VMLUX
  • HTC Health
  • Ora Organic
  • Orgenetics
  • Pure Encapsulations
  • Garden of Life
  • Vitacost
  • Natrol
  • NOW Foods
  • DEVA
  • Solgar Inc
  • VitaminEnergy
  • Jarrow Formulas
  • VegLife
  • Dupont.

Global Vegan Supplements Market: Regional Segment Analysis

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

Methodology

FrequentlyAsked Questions

There is a significant shift of consumers from meat products to vegan products. This growing preference of consumers for a vegan diet is a prominent factor boosting the growth of the global vegan supplements market. The growing concern regarding animal-based food is also propelling the demand for vegan supplements in the global vegan supplements market. The increasing prevalence of incidences of lactose intolerance among people is fueling the growth of the market. The growing awareness of people regarding their health and wellness has supported the adoption of vegan supplements in the market globally. People are transforming their lifestyle significantly due to the outbreak of COVID-19. The pandemic has induced consumers to adopt preventive healthcare like nutritious food and beverages to facilitate health benefits.

Global Vegan Supplements Market was valued at USD 4.92 billion in 2019 and is likely to reach USD 6.84 billion by 2026 with a CAGR of 4.8%.

North America holds the largest share in the global vegan supplements market owing to the constantly growing medical service expenses. The growing awareness among people regarding their health is also contributing vigorously toward the regional market growth.

Some of the significant players in the global vegan supplements market are Blue Diamond Growers Inc., BHU Foods, One Brands, ALOHA, PepsiCo Inc., NuGo Nutrition, Danone S.A., General Mills, Inc., Eversea, VMLUX, HTC Health, Ora Organic, Orgenetics, Pure Encapsulations, Garden of Life, Vitacost, Natrol, NOW Foods, DEVA, Solgar Inc, VitaminEnergy, Jarrow Formulas, VegLife, and Dupont.

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