Market Overview:
The global vegan supplements market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing awareness about the health benefits of veganism and the rising demand for plant-based protein sources. The other factors that are driving the growth of this market include, rising disposable income, changing lifestyle and dietary habits, and growing number of vegan population. The global vegan supplements market is segmented on the basis of type, application, and region. On the basis of type, it is segmented into vitamins, protein supplements, omega-3 supplements, and other vegan supplements. The vitamins segment accounted for a major share in 2017 owing to its high demand as a dietary supplement by both vegans and non-vegans alike across all regions studied in this research study. On the basis of application, it is divided into specialty stores & drugstores; supermarkets/hypermarkets; online retail stores; other distribution channels such as departmental stores or direct selling companies).
Product Definition:
A vegan supplement is a dietary supplement that does not contain any animal products. The importance of vegan supplements depends on the person's individual needs and goals. Some people may find that they need to take a vegan supplement to ensure they are getting all of the nutrients their body needs, while others may not need to take any supplements at all.
Vitamins:
Vitamins are organic compounds that help in carrying out various metabolic reactions in the body. They are essential for growth and development of cells and also helps regulate several other processes such as respiration, reproduction, digestion, etc. Vitamins can be classified into two types - water-soluble vitamins including A, B6 & B12; and fat-soluble vitamins including vitamin D & K.
Protein:
Protein is an essential nutrient for the growth and maintenance of the body. It is mainly used to build and repair tissues in the human body. Protein can also be used by cells to make enzymes that help them grow or divide more quickly. The human body cannot produce protein on its own; it must be consumed in food or supplements.
Application Insights:
The specialty and drug stores accounted for the largest share of over 60.0% in 2017. The segment is expected to continue its dominance over the forecast period owing to factors such as high product availability, wide product portfolio, and higher penetration of health conscious consumers in developed economies including U.K., Germany, Sweden, etc. Specialty stores are also likely to have a wider distribution channel network which will benefit the overall market growth during future years too.
The supermarkets/hypermarkets segment is expected to witness significant growth with a CAGR of XX% from 2018 to 2030 due largely on increased consumer awareness regarding healthy lifestyle practices coupled with rising concerns regarding healthcare expenditure among developing countries population especially India & China where large number of people still lack access to proper healthcare facilities at affordable costs will drive demand for vegan supplements further boosting market size by 2030ADUHFAOZ (Supplemental Nutrition Assistance Program - SNAP).
Regional Analysis:
North America was the largest market in 2017 owing to high demand for vegan supplements from U.S. and Canada on account of strict regulations regarding animal testing for cosmetics and other personal care products. Moreover, growing awareness about health benefits associated with vegan diet is expected to fuel regional product demand in near future. Asia Pacific is projected to be the fastest-growing region over the forecast period due to rising disposable income levels, improving healthcare infrastructure, expanding middle class population base along with increasing consumer awareness about nutritional requirements of bodybuilders and athletes striving for fitness goals at domestic level as well as internationally.
Growth Factors:
- Increasing awareness about the health benefits of veganism and plant-based diets.
- Rising demand for healthy, sustainable, and ethical food options.
- Growing number of vegan celebrities and athletes promoting the benefits of a vegan lifestyle.
- Proliferation of plant-based meat alternatives and dairy replacements products in grocery stores and restaurants worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vegan Supplements Market Research Report
By Type
Vitamins, Protein, Omega Supplements, Other Vegan Supplements
By Application
Specialty and Drug Stores, Supermarkets/Hypermarkets, Online Retail Stores, Other Distribution Channel
By Companies
Sylphar N.V., Holland & Barrett, Deva Nutrition LLC, GreenVits, Vanatari International GmbH, Vitamin Buddy Limited., MONK Nutrition Europe, Herbalife Nutrition, Glanbia Plc
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
145
Number of Tables & Figures
102
Customization Available
Yes, the report can be customized as per your need.
Global Vegan Supplements Market Report Segments:
The global Vegan Supplements market is segmented on the basis of:
Types
Vitamins, Protein, Omega Supplements, Other Vegan Supplements
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Specialty and Drug Stores, Supermarkets/Hypermarkets, Online Retail Stores, Other Distribution Channel
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Sylphar N.V.
- Holland & Barrett
- Deva Nutrition LLC
- GreenVits
- Vanatari International GmbH
- Vitamin Buddy Limited.
- MONK Nutrition Europe
- Herbalife Nutrition
- Glanbia Plc
Highlights of The Vegan Supplements Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vitamins
- Protein
- Omega Supplements
- Other Vegan Supplements
- By Application:
- Specialty and Drug Stores
- Supermarkets/Hypermarkets
- Online Retail Stores
- Other Distribution Channel
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Vegan Supplements Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Vegan supplements are products that are specifically designed to meet the needs of vegans. These products may include vitamins, minerals, herbs, and other nutrients.
Some of the major players in the vegan supplements market are Sylphar N.V., Holland & Barrett, Deva Nutrition LLC, GreenVits, Vanatari International GmbH, Vitamin Buddy Limited., MONK Nutrition Europe, Herbalife Nutrition, Glanbia Plc.
The vegan supplements market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Vegan Supplements Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Vegan Supplements Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vegan Supplements Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Vegan Supplements Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Vegan Supplements Market Size & Forecast, 2020-2028
4.5.1 Vegan Supplements Market Size and Y-o-Y Growth
4.5.2 Vegan Supplements Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Vitamins
5.2.2 Protein
5.2.3 Omega Supplements
5.2.4 Other Vegan Supplements
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Specialty and Drug Stores
6.2.2 Supermarkets/Hypermarkets
6.2.3 Online Retail Stores
6.2.4 Other Distribution Channel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vegan Supplements Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Vegan Supplements Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Vitamins
9.6.2 Protein
9.6.3 Omega Supplements
9.6.4 Other Vegan Supplements
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Specialty and Drug Stores
9.10.2 Supermarkets/Hypermarkets
9.10.3 Online Retail Stores
9.10.4 Other Distribution Channel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Vitamins
10.6.2 Protein
10.6.3 Omega Supplements
10.6.4 Other Vegan Supplements
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Specialty and Drug Stores
10.10.2 Supermarkets/Hypermarkets
10.10.3 Online Retail Stores
10.10.4 Other Distribution Channel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Vitamins
11.6.2 Protein
11.6.3 Omega Supplements
11.6.4 Other Vegan Supplements
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Specialty and Drug Stores
11.10.2 Supermarkets/Hypermarkets
11.10.3 Online Retail Stores
11.10.4 Other Distribution Channel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Vitamins
12.6.2 Protein
12.6.3 Omega Supplements
12.6.4 Other Vegan Supplements
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Specialty and Drug Stores
12.10.2 Supermarkets/Hypermarkets
12.10.3 Online Retail Stores
12.10.4 Other Distribution Channel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Vitamins
13.6.2 Protein
13.6.3 Omega Supplements
13.6.4 Other Vegan Supplements
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Specialty and Drug Stores
13.10.2 Supermarkets/Hypermarkets
13.10.3 Online Retail Stores
13.10.4 Other Distribution Channel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Vegan Supplements Market: Competitive Dashboard
14.2 Global Vegan Supplements Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Sylphar N.V.
14.3.2 Holland & Barrett
14.3.3 Deva Nutrition LLC
14.3.4 GreenVits
14.3.5 Vanatari International GmbH
14.3.6 Vitamin Buddy Limited.
14.3.7 MONK Nutrition Europe
14.3.8 Herbalife Nutrition
14.3.9 Glanbia Plc
