Vegan Supplements Market - Global Industry Analysis

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

Published Date: 25-Feb-2021 Category: Pharmaceutical Report Format : PDF Pages: 110 Report Code: ZMR-5809 Status : Published

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%.

Description

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.

Global Vegan Supplements Market

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.

Global Vegan Supplements Market: Competitive Players

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.

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

  • Chapter 1.Preface
    • 1.1.Report Description
    • 1.1.Report Scope
  • Chapter 2.Research Methodology
    • 2.1.Research Methodology
    • 2.2.Secondary Research
    • 2.3.Primary Research
    • 2.4.Models
      • 2.4.1.Company Share Analysis Model
      • 2.4.2.Revenue Based Modeling
    • 2.5.Research Limitations
  • Chapter 3.Executive Summary
    • 3.1.Global Vegan Supplements Market, 2016 – 2026 (USD Million)
    • 3.2.Global Vegan Supplements Market: Snapshot
  • Chapter 4.Vegan Supplements Market – Industry Analysis
    • 4.1.Introduction
    • 4.2.Market Drivers
      • 4.2.1.Driving Factor 1 Analysis
      • 4.2.2.Driving Factor 2 Analysis:
    • 4.3.Market Restraints
      • 4.3.1.Restraining Factor Analysis
    • 4.4.Market Opportunities
      • 4.4.1.Market Opportunity & Use-case Anaysis
      • 4.4.2.Use – Cases for Vegan Supplements
    • 4.5.Porter’s Five Forces Analysis
    • 4.6.COVID 19 Impact Analysis
      • 4.6.1.1.Impact on Product Development and Technology Adoption
      • 4.6.1.2.Gap Analysis
  • Chapter 5.Investment Proposition Analysis
    • 5.1.Global Vegan Supplements Market Attractiveness, By Form
    • 5.2.Global Vegan Supplements Market Attractiveness, By Type
    • 5.3.Global Vegan Supplements Market Attractiveness, By Distribution Channel
    • 5.4.Global Vegan Supplements Market Attractiveness, By Application
    • 5.5.Global Vegan Supplements Market Attractiveness, By Region
  • Chapter 6.Competitive Landscape
    • 6.1.Company Market Share Analysis - 2019
      • 6.1.1.Global Vegan Supplements Market: Company Market Share, 2019
    • 6.2.Strategic Developments
    • 7.1.Global Vegan Supplements Market Overview: by Form
      • 7.1.1.Global Vegan Supplements Market Revenue Share, by Form , 2019 & 2026
    • 7.2.Global Vegan Supplements Market Analysis/Overview – By Form
      • 7.2.1.Capsules – Overview/Analysis
      • 7.2.2.Gummies – Overview/Analysis
      • 7.2.3.Powder – Overview/Analysis
    • 7.3.Capsules
      • 7.3.1.Global Vegan Supplements Market for Capsules, Revenue (USD Million) 2016 - 2026
    • 7.4.Gummies
      • 7.4.1.Global Vegan Supplements Market for Gummies, Revenue (USD Million) 2016 - 2026
    • 7.5.Powder
      • 7.5.1.Global Vegan Supplements Market for Powder, Revenue (USD Million) 2016 - 2026
    • 8.1.Global Vegan Supplements Market Overview: by Type
      • 8.1.1.Global Vegan Supplements Market Revenue Share, by Type , 2019 & 2026
    • 8.2.Global Vegan Supplements Market Analysis/Overview – By Type
      • 8.2.1.Blends – Overview/Analysis
      • 8.2.2.Amino Acids & Proteins – Overview/Analysis
      • 8.2.3.Minerals – Overview/Analysis
      • 8.2.4.Vitamins – Overview/Analysis
    • 8.3.Blends
      • 8.3.1.Global Vegan Supplements Market for Blends, Revenue (USD Million) 2016 - 2026
    • 8.4.Amino Acids & Proteins
      • 8.4.1.Global Vegan Supplements Market for Amino Acids & Proteins, Revenue (USD Million) 2016 - 2026
    • 8.5.Minerals
      • 8.5.1.Global Vegan Supplements Market for Minerals, Revenue (USD Million) 2016 - 2026
    • 8.6.Vitamins
      • 8.6.1.Global Vegan Supplements Market for Vitamins, Revenue (USD Million) 2016 - 2026
    • 9.1.Global Vegan Supplements Market Overview: by Distribution Channel
      • 9.1.1.Global Vegan Supplements Market Revenue Share, by Distribution Channel , 2019 & 2026
    • 9.2.Global Vegan Supplements Market Analysis/Overview – By Distribution Channel
      • 9.2.1.Specialty Stores – Overview/Analysis
      • 9.2.2.Mass Merchandisers – Overview/Analysis
      • 9.2.3.Supermarkets – Overview/Analysis
      • 9.2.4.Hypermarkets – Overview/Analysis
      • 9.2.5.Others – Overview/Analysis
    • 9.3.Specialty Stores
      • 9.3.1.Global Vegan Supplements Market for Specialty Stores, Revenue (USD Million) 2016 - 2026
    • 9.4.Mass Merchandisers
      • 9.4.1.Global Vegan Supplements Market for Mass Merchandisers, Revenue (USD Million) 2016 - 2026
    • 9.5.Supermarkets
      • 9.5.1.Global Vegan Supplements Market for Supermarkets, Revenue (USD Million) 2016 - 2026
    • 9.6.Hypermarkets
      • 9.6.1.Global Vegan Supplements Market for Hypermarkets, Revenue (USD Million) 2016 - 2026
    • 9.7.Others
      • 9.7.1.Global Vegan Supplements Market for Others, Revenue (USD Million) 2016 - 2026
    • 10.1.Global Vegan Supplements Market Overview: by Application
      • 10.1.1.Global Vegan Supplements Market Revenue Share, by Application , 2019 & 2026
    • 10.2.Global Vegan Supplements Market Analysis/Overview – By Application
      • 10.2.1.Breakfast Cereals – Overview/Analysis
      • 10.2.2.Flours – Overview/Analysis
      • 10.2.3.Snacks – Overview/Analysis
      • 10.2.4.Beverages – Overview/Analysis
      • 10.2.5.Bakery & Confectionery Products – Overview/Analysis
      • 10.2.6.Dairy Products – Overview/Analysis
      • 10.2.7.Infant Food – Overview/Analysis
      • 10.2.8.Pharmaceuticals – Overview/Analysis
      • 10.2.9.Healthcare Products – Overview/Analysis
      • 10.2.10.Others – Overview/Analysis
    • 10.3.Breakfast Cereals
      • 10.3.1.Global Vegan Supplements Market for Breakfast Cereals, Revenue (USD Million) 2016 - 2026
    • 10.4.Flours
      • 10.4.1.Global Vegan Supplements Market for Flours, Revenue (USD Million) 2016 - 2026
    • 10.5.Snacks
      • 10.5.1.Global Vegan Supplements Market for Snacks, Revenue (USD Million) 2016 - 2026
    • 10.6.Beverages
      • 10.6.1.Global Vegan Supplements Market for Beverages, Revenue (USD Million) 2016 - 2026
    • 10.7.Bakery & Confectionery Products
      • 10.7.1.Global Vegan Supplements Market for Bakery & Confectionery Products, Revenue (USD Million) 2016 - 2026
    • 10.8.Dairy Products
      • 10.8.1.Global Vegan Supplements Market for Dairy Products, Revenue (USD Million) 2016 - 2026
    • 10.9.Infant Food
      • 10.9.1.Global Vegan Supplements Market for Infant Food, Revenue (USD Million) 2016 - 2026
    • 10.1.Pharmaceuticals
      • 10.10.1.Global Vegan Supplements Market for Pharmaceuticals, Revenue (USD Million) 2016 - 2026
    • 10.11.Healthcare Products
      • 10.11.1.Global Vegan Supplements Market for Healthcare Products, Revenue (USD Million) 2016 - 2026
    • 10.12.Others
      • 10.12.1.Global Vegan Supplements Market for Others, Revenue (USD Million) 2016 - 2026
  • Chapter 11.Vegan Supplements Market – Regional Analysis
    • 11.1.Global Vegan Supplements Market: Regional Overview
      • 11.1.1.Global Vegan Supplements Market Revenue Share, by Region, 2019 & 2026
      • 11.1.2.Global Vegan Supplements Market Revenue, by Region, 2016 – 2026 (USD Million)
    • 11.2.North America
      • 11.2.1.North America Vegan Supplements Market Revenue, 2016 - 2026 (USD Million)
      • 11.2.2.North America Vegan Supplements Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.2.3.North America Vegan Supplements Market Revenue, by Form , 2016 – 2026
      • 11.2.4.North America Vegan Supplements Market Revenue, by Type , 2016 – 2026
      • 11.2.5.North America Vegan Supplements Market Revenue, by Distribution Channel , 2016 – 2026
      • 11.2.6.North America Vegan Supplements Market Revenue, by Application , 2016 – 2026
      • 11.2.7. U.S.
      • 11.2.8.Canada
    • 11.3.Europe
      • 11.3.1.Europe Vegan Supplements Market Revenue, 2016 - 2026 (USD Million)
      • 11.3.2.Europe Vegan Supplements Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.3.3.Europe Vegan Supplements Market Revenue, by Form , 2016 – 2026
      • 11.3.4.Europe Vegan Supplements Market Revenue, by Type , 2016 – 2026
      • 11.3.5.Europe Vegan Supplements Market Revenue, by Distribution Channel , 2016 – 2026
      • 11.3.6.Europe Vegan Supplements Market Revenue, by Application , 2016 – 2026
      • 11.3.7.Germany
      • 11.3.8.France
      • 11.3.9. U.K.
      • 11.3.10.Italy
      • 11.3.11.Spain
      • 11.3.12.Rest of Europe
    • 11.4.Asia Pacific
      • 11.4.1.Asia Pacific Vegan Supplements Market Revenue, 2016 - 2026 (USD Million)
      • 11.4.2.Asia Pacific Vegan Supplements Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.4.3.Asia Pacific Vegan Supplements Market Revenue, by Form , 2016 – 2026
      • 11.4.4.Asia Pacific Vegan Supplements Market Revenue, by Type , 2016 – 2026
      • 11.4.5.Asia Pacific Vegan Supplements Market Revenue, by Distribution Channel , 2016 – 2026
      • 11.4.6.Asia Pacific Vegan Supplements Market Revenue, by Application , 2016 – 2026
      • 11.4.7.China
      • 11.4.8.Japan
      • 11.4.9.India
      • 11.4.10.South Korea
      • 11.4.11.South-East Asia
      • 11.4.12.Rest of Asia Pacific
    • 11.5.Latin America
      • 11.5.1.Latin America Vegan Supplements Market Revenue, 2016 - 2026 (USD Million)
      • 11.5.2.Latin America Vegan Supplements Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.5.3.Latin America Vegan Supplements Market Revenue, by Form , 2016 – 2026
      • 11.5.4.Latin America Vegan Supplements Market Revenue, by Type , 2016 – 2026
      • 11.5.5.Latin America Vegan Supplements Market Revenue, by Distribution Channel , 2016 – 2026
      • 11.5.6.Latin America Vegan Supplements Market Revenue, by Application , 2016 – 2026
      • 11.5.7.Brazil
      • 11.5.8.Mexico
      • 11.5.9.Rest of Latin America
    • 11.6.The Middle-East and Africa
      • 11.6.1.The Middle-East and Africa Vegan Supplements Market Revenue, 2016 - 2026 (USD Million)
      • 11.6.2.The Middle-East and Africa Vegan Supplements Market Revenue, by Country, 2016 – 2026 (USD Million)
      • 11.6.3.The Middle-East and Africa Vegan Supplements Market Revenue, by Form , 2016 – 2026
      • 11.6.4.The Middle-East and Africa Vegan Supplements Market Revenue, by Type , 2016 – 2026
      • 11.6.5.The Middle-East and Africa Vegan Supplements Market Revenue, by Distribution Channel , 2016 – 2026
      • 11.6.6.The Middle-East and Africa Vegan Supplements Market Revenue, by Application , 2016 – 2026
      • 11.6.7.GCC Countries
      • 11.6.8.South Africa
      • 11.6.9.Rest of Middle-East Africa
  • Chapter 12.Company Profiles
    • 12.1.Blue Diamond Growers Inc.
      • 12.1.1.Company Overview
      • 12.1.2.Financial Overview
      • 12.1.3.Product Portfolio
      • 12.1.4.Business Strategy
      • 12.1.5.Recent Developments
    • 12.2.BHU Foods
    • 12.3.One Brands
    • 12.4.ALOHA
    • 12.5.PepsiCo Inc.
    • 12.6.NuGo Nutrition
    • 12.7.Danone S.A.
    • 12.8.General Mills Inc.
    • 12.9.Eversea
    • 12.1.VMLUX
    • 12.11.HTC Health
    • 12.12.Ora Organic
    • 12.13.Orgenetics
    • 12.14.Pure Encapsulations
    • 12.15.Garden of Life
    • 12.16.Vitacost
    • 12.17.Natrul
    • 12.18.NOW Foods
    • 12.19.DEVA
    • 12.2.Sulgar Inc
    • 12.21.VitaminEnergy
    • 12.22.Jarrow Formulas
    • 12.23.VegLife
    • 12.24.Dupont

Table Of Figures

List of Figures  

FIG. 1 Research Methodology
FIG. 2 Research Methodology – Basic Overview
FIG. 3 Research Methodology – Detailed View
FIG. 4 Global Vegan Supplements Market Revenue, 2016 - 2026 (USD Million)
FIG. 5 Porter’s Five Forces Analysis for Global Vegan Supplements Market
FIG. 6 Global Vegan Supplements Market Attractiveness, By Form
FIG. 7 Global Vegan Supplements Market Attractiveness, By Type
FIG. 8 Global Vegan Supplements Market Attractiveness, By Distribution Channel
FIG. 9 Global Vegan Supplements Market Attractiveness, By Application
FIG. 10 Global Vegan Supplements Market Attractiveness, By End-User
FIG. 11 Company Share Analysis, 2019
FIG. 12 Global Vegan Supplements Market Revenue Share, by Form , 2019 & 2026
FIG. 13 Global Vegan Supplements Market for Capsules, Revenue (USD Million) 2016 - 2026
FIG. 14 Global Vegan Supplements Market for Gummies, Revenue (USD Million) 2016 - 2026
FIG. 15 Global Vegan Supplements Market for Powder, Revenue (USD Million) 2016 - 2026
FIG. 16 Global Vegan Supplements Market Revenue Share, by Type , 2019 & 2026
FIG. 17 Global Vegan Supplements Market for Blends, Revenue (USD Million) 2016 - 2026
FIG. 18 Global Vegan Supplements Market for Amino Acids & Proteins, Revenue (USD Million) 2016 - 2026
FIG. 19 Global Vegan Supplements Market for Minerals, Revenue (USD Million) 2016 - 2026
FIG. 20 Global Vegan Supplements Market for Vitamins, Revenue (USD Million) 2016 - 2026
FIG. 21 Global Vegan Supplements Market Revenue Share, by Distribution Channel , 2019 & 2026
FIG. 22 Global Vegan Supplements Market for Specialty Stores, Revenue (USD Million) 2016 - 2026
FIG. 23 Global Vegan Supplements Market for Mass Merchandisers, Revenue (USD Million) 2016 - 2026
FIG. 24 Global Vegan Supplements Market for Supermarkets, Revenue (USD Million) 2016 - 2026
FIG. 25 Global Vegan Supplements Market for Hypermarkets, Revenue (USD Million) 2016 - 2026
FIG. 26 Global Vegan Supplements Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 27 Global Vegan Supplements Market Revenue Share, by Application , 2019 & 2026
FIG. 28 Global Vegan Supplements Market for Breakfast Cereals, Revenue (USD Million) 2016 - 2026
FIG. 29 Global Vegan Supplements Market for Flours, Revenue (USD Million) 2016 - 2026
FIG. 30 Global Vegan Supplements Market for Snacks, Revenue (USD Million) 2016 - 2026
FIG. 31 Global Vegan Supplements Market for Beverages, Revenue (USD Million) 2016 - 2026
FIG. 32 Global Vegan Supplements Market for Bakery & Confectionery Products, Revenue (USD Million) 2016 - 2026
FIG. 33 Global Vegan Supplements Market for Dairy Products, Revenue (USD Million) 2016 - 2026
FIG. 34 Global Vegan Supplements Market for Infant Food, Revenue (USD Million) 2016 - 2026
FIG. 35 Global Vegan Supplements Market for Pharmaceuticals, Revenue (USD Million) 2016 - 2026
FIG. 36 Global Vegan Supplements Market for Healthcare Products, Revenue (USD Million) 2016 - 2026
FIG. 37 Global Vegan Supplements Market for Others, Revenue (USD Million) 2016 - 2026
FIG. 38 Global Vegan Supplements Market Revenue Share, by Region, 2019 & 2026
FIG. 39 North America Vegan Supplements Market Revenue, 2016 - 2026 (USD Million)
FIG. 40 Europe Vegan Supplements Market Revenue, 2016 - 2026 (USD Million)
FIG. 41 Asia Pacific Vegan Supplements Market Revenue, 2016 - 2026 (USD Million)
FIG. 42 Latin America Vegan Supplements Market Revenue, 2016 - 2026 (USD Million)
FIG. 43 The Middle-East and Africa Vegan Supplements Market Revenue, 2016 - 2026 (USD Million)
FIG. 44 Blue Diamond Growers Inc. Business Segment Revenue Share, 2018 (%)
FIG. 45 Blue Diamond Growers Inc. Geographical Segment Revenue Share, 2018 (%)


Table Of Tables

List of Tables 

TABLE 1 Global Vegan Supplements Market: Snapshot
TABLE 2 Drivers of the Vegan Supplements Market: Impact Analysis
TABLE 3 Restraints for the Vegan Supplements Market: Impact Analysis
TABLE 4 Global Vegan Supplements Market Revenue, by Region, 2016 – 2026 (USD Million)
TABLE 5 North America Vegan Supplements Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 6 North America Vegan Supplements Market Revenue, by Form , 2016 – 2026 (USD Million)
TABLE 7 North America Vegan Supplements Market Revenue, by Type , 2016 – 2026 (USD Million)
TABLE 8 North America Vegan Supplements Market Revenue, by Distribution Channel , 2016 – 2026 (USD Million)
TABLE 9 North America Vegan Supplements Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 10 Europe Vegan Supplements Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 11 Europe Vegan Supplements Market Revenue, by Form , 2016 – 2026 (USD Million)
TABLE 12 Europe Vegan Supplements Market Revenue, by Type , 2016 – 2026 (USD Million)
TABLE 13 Europe Vegan Supplements Market Revenue, by Distribution Channel , 2016 – 2026 (USD Million)
TABLE 14 Europe Vegan Supplements Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 15 Asia Pacific Vegan Supplements Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 16 Asia Pacific Vegan Supplements Market Revenue, by Form , 2016 – 2026 (USD Million)
TABLE 17 Asia Pacific Vegan Supplements Market Revenue, by Type , 2016 – 2026 (USD Million)
TABLE 18 Asia Pacific Vegan Supplements Market Revenue, by Distribution Channel , 2016 – 2026 (USD Million)
TABLE 19 Asia Pacific Vegan Supplements Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 20 Latin America Vegan Supplements Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 21 Latin America Vegan Supplements Market Revenue, by Form , 2016 – 2026 (USD Million)
TABLE 22 Latin America Vegan Supplements Market Revenue, by Type , 2016 – 2026 (USD Million)
TABLE 23 Latin America Vegan Supplements Market Revenue, by Distribution Channel , 2016 – 2026 (USD Million)
TABLE 24 Latin America Vegan Supplements Market Revenue, by Application , 2016 – 2026 (USD Million)
TABLE 25 The Middle-East and Africa Vegan Supplements Market Revenue, by Country, 2016 – 2026 (USD Million)
TABLE 26 The Middle-East and Africa Vegan Supplements Market Revenue, by Form , 2016 – 2026 (USD Million)
TABLE 27 The Middle-East and Africa Vegan Supplements Market Revenue, by Type , 2016 – 2026 (USD Million)
TABLE 28 The Middle-East and Africa Vegan Supplements Market Revenue, by Distribution Channel , 2016 – 2026 (USD Million)
TABLE 29 The Middle-East and Africa Vegan Supplements Market Revenue, by Application , 2016 – 2026 (USD Million)
 

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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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