Vegan Vitamins and Supplements Market by Type, Opportunities and Higher Growth Rate by 2033

The vegan vitamins and supplements market refers to the sales of vitamins and supplements specifically formulated for people following a vegan diet. Vegan diets typically exclude meat, poultry, fish, dairy products, and eggs, which are rich sources of certain vitamins and minerals. As a result, some individuals who follow a vegan diet may require supplements to meet their nutrient needs.

The vegan vitamins and supplements market has grown in recent years, driven by the increasing popularity of veganism as a lifestyle and dietary choice. According to a recent report, the global vegan vitamins and supplements market is expected to grow at a compound annual growth rate of over 6.10% from 2023 to 2033.

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In terms of product type, the vegan vitamins and supplements market can be segmented into vitamin B12, vitamin D, iron, omega-3, and others. Vitamin B12 and vitamin D are among the most commonly used vegan supplements, as these nutrients can be difficult to obtain in adequate amounts from a vegan diet.

The increasing demand for plant-based and eco-friendly products is also expected to drive growth in the vegan vitamins and supplements market. Many consumers are looking for natural and sustainable alternatives to traditional supplements, and vegan vitamins and supplements are seen as a more environmentally responsible choice.

In conclusion, the vegan vitamins and supplements market is expected to continue to grow as more people adopt a vegan lifestyle and seek out products that align with their values and dietary needs.

People adopting a vegan diet are expected to adopt Vegan Vitamins and Supplements.

Vegan Vitamins and Supplements have major advantages over its counterpart, synthetic or animal based-supplements, which could be a driver for the majority of the population. There is also a growing demand from the Food and Beverage Industry for Vegan Vitamins and Supplements.

Synthetic supplements are easily available and at a competitive price when compared to Vegan Vitamins and supplements, it is expected to be a restraining factor for Vegan Vitamins and Supplements.

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Global Vegan Vitamins and Supplements Market: Market Participants

The market participants in the global Vegan Vitamins and Supplements Market identified across the value chain include

  • VegLife, Dupont
  • Jarrow Formulas
  •  VitaminEnergy
  • Solgar Inc
  • DEVA™
  • NOW Foods
  • Natrol®
  • Vitacost
  • Garden of Life
  • Pure Encapsulations
  • Orgenetics
  • Ora Organic
  • HTC Health

among the manufacturers of Vegan Vitamins and Supplements across the globe.

Opportunities for the Market Participants in the global Vegan Vitamins and Supplements Market

The rising concerns over the animal or based products and protein, growing vegan population, enriching preference for meat alternatives, propelling demand for healthy and nutritional products has made Vegan Vitamins and Supplements Market popular in various regions of the world.

Rising health consciousness, surging food and beverages industry and booming economy are some of the reasons behind the growth of Vegan Vitamins and Supplements Market in the forecasted period.

Outpouring demand for nutritional and functionally augmented processed food products are driving the growth of the market. Some of the factors like diseases caused due to feeding fortification, and vitamin deficiencies, increased per-capita income and increased health awareness among people, rising incidence of obesity and related diseases is making consumers opt for food and beverages products that are low in fat and rich in minerals, are fueling the Vegan Vitamins and Supplements market growth

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Global Vegan Vitamins and Supplements Market: segmentation

On the basis of Form, the global Vegan Vitamins and Supplements Market has been segmented as,

  • Powder
  • Capsule

On the basis of Form, the global Vegan Vitamins and Supplements Market has been segmented as,

  • Vitamin B-12
  • Iron
  • Omega-3 fatty acids
  • Vitamin D
  • Vitamin K-2
  • Zinc
  • Iodine
  • Calcium

On the basis of Distribution channel, the global Vegan Vitamins and Supplements Market has been segmented as,

  • Hypermarket
  • Supermarket
  • Mass Merchandisers
  • Specialty Stores
  • Others

On the basis of Application, the global Vegan Vitamins and Supplements Market has been segmented as,

  • Healthcare Products
  • Pharmaceuticals
  • Food and Beverages
  • Infant Food
  • Dairy Products
  • Bakery and Confectionery Products
  • Beverages
  • Others
  • Snacks
  • Flours
  • Breakfast Cereals
  • Personal Care Products

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Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 8 years.

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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