The vegan supplements market has experienced substantial growth in recent years, driven by the global shift toward plant-based diets and increasing awareness of environmental and ethical concerns. These supplements are designed to provide essential nutrients, vitamins, and minerals without any animal-derived ingredients, appealing to both vegans and those seeking cruelty-free alternatives.
The global vegan supplements market is projected to grow at a compound annual growth rate (CAGR) of 11.3% from 2022 to 2032, with an estimated value of around USD 14,089.6 million by the end of the forecast period.
This rapid growth is attributed to rising concerns about animal welfare and health, as well as the increasing adoption of veganism. A vegan diet, which excludes all animal products like meat, milk, and eggs, is becoming more popular worldwide. The rise of vegan supplements, known for their high nutritional value, reflects the ongoing evolution of the food and beverage industry.
As more people embrace healthy lifestyles and the vegetarian population continues to grow, the demand for plant-based vitamins is higher than ever. This trend is supported by transparent labeling practices and the promotion of energy-rich products.
Request Report Sample: https://www.fmisamplereport.com/sample/rep-gb-12896
Key Takeaways from the Vegan Supplements Market Study
- Approximately 40% of consumers in the U.S. bought vegan products because they believe these products are nutritious.
- By form, the powder segment is expected to remain at the forefront by generating the largest vegan supplements market share.
- Nearly 75% of German households would want to see more vegetarian goods at supermarkets.
- Europe is estimated to drive demand in the vegan supplements market during the forecast period of 2022 to 2032.
- The vegan supplements market is expected to reach nearly USD 4,803.6 Million by 2022.
“Rising adoption of preventive healthcare practices and increasing prevalence of vitamin deficiencies are expected to bode well for the global vegan supplements market. Manufacturers and retailers are beginning to provide free access to “wellness tools” that would create a user-specific antioxidants list based on their specific requirements and conditions,” says a Future Market Insights analyst.
Competitive Landscape: Vegan Supplements Market
Some of the key players are General Mills Inc., Garden of Life, Danone S.A., PepsiCo Inc. , Blue Diamond Growers Inc, ALOHA, NuGo Nutrition, One Brands, BHU Foods , G&G Foods, Country Life LLC, Wonder Laboratories, Now Health Group Inc., Jarrow Formulas, Kerry Group PLC, Nutritional Growth Solution, and others.
The global vegan supplements industry is moderately competitive and fragmented, with several mid and small-scale businesses. Key players operating in the global market are focusing on continuous product launches and new product developments to stay ahead in competition.
Explore More Valuable Insights on the Vegan Supplements Market
Future Market Insights, in its new report, offers an impartial analysis of the global vegan supplements market, presenting historical data (2017-2021) and estimation statistics for the forecast period of 2022-2032.
The study offers compelling insights based on the form (powder, liquid, capsules & soft gels, tablets, pills, gummies, and bars), based on ingredients (vitamins & minerals, amino acids & proteins, herbal & botanical ingredients, and others), based on health needs (weight loss, sports nutrition, general well-being, immune & digestive health, bone & joint health, heart health, and other specific requirements), based on customer orientation (men, women, senior citizen, and others), and based on sales channel (hypermarkets/supermarkets, pharmacies & drug stores, convenience stores, departmental stores, online retail stores and other sales channel), across seven major regions of the world.
Vegan Supplements Market Outlook by Category
By Form:
- Powder
- Liquid
- Capsules & Soft Gels
- Tablet
- Pills
- Gummies
- Bars
By Ingredients:
- Vitamins & Minerals
- Amino Acids & Proteins
- Herbals & Botanicals
- Others
By Health Needs:
- Weight Loss
- Sports Nutrition
- General Well-being
- Immune & Digestive Health
- Bone & Joint Health
- Heart Health
- Other Specific Requirements
By Customer Orientation:
- Men
- Women
- Senior Citizen
- Others (Kids & Toddlers)
By Sales Channel:
- Hypermarkets/Supermarkets
- Pharmacies & Drug Stores
- Convenience Stores
- Departmental Stores
- Online Retail Stores
- Other Sales Channel
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-347-918-3531
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
