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Vegan Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

August 2022 | 143 pages | ID: V8146A4086B0EN
IMARC Group

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The global vegan supplements market reached a value of US$ 6.97 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 10.88 Billion by 2027, exhibiting a CAGR of 7.50% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

Veganism is a practice that abstains from the use of animal byproducts, such as milk, eggs, or meat. Vegan supplements refer to additional nutrients that are derived from plant-based sources to fulfill the nutritional requirements of the human body. Generally consumed by the vegan population, they are rich in iron, calcium, vitamins B12 and D, iron, zinc, iodine, omega-3 fatty acids, and proteins. Vegan supplements are commonly available in pills, capsules, gummies, powders, tablets, and liquid forms. As compared to non-vegan supplements, they exhibit a smaller carbon footprint and are more environmentally sustainable while delivering the same dosage and quality of underlying nutrients. Apart from this, they help ensure the intake of proper nutrients, improve cognitive abilities, provide better athletic performance, manage weight, and boost immunity.

Vegan Supplements Market Trends:
The significant growth in the vegan population due to health concerns, environmental impact, and animal welfare is creating a positive outlook for the market. This is further supported by the increasing instances of various lifestyle diseases and the shifting consumer inclination toward a healthier lifestyle. Apart from this, continuous product innovations in various flavor profiles, such as vanilla, chocolate, berry, and others, are providing an impetus to the market growth. Additionally, the increasing awareness about the associated benefits of vegan supplements and the rising demand for clean label, energy-rich offerings are positively impacting the market growth. Moreover, the extensive product application in sports nutrition as a good source of dietary fiber to minimize the risk of inflammation and improve cholesterol levels, blood viscosity, and arterial flexibility is acting as another growth-inducing factor. Besides this, the widespread adoption of vegan supplement powder with enhanced shelf life, rising expenditure capacities of consumers, and easy product availability across e-commerce platforms are anticipated to drive the market toward growth.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global vegan supplements market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, form and distribution channel.

Breakup by Product Type:

Protein
Minerals
Vitamins
Others

Breakup by Form:

Powder
Capsules/Tablets
Others

Breakup by Distribution Channel:

Pharmacies/Drug Stores
Supermarkets and Hypermarkets
Specialty Stores
Online Stores

Breakup by Region:

North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa

Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Aloha Inc., Amway Corp., Deva Nutrition LLC, DuPont de Nemours Inc., Eversea Inc., HTC Health, Jarrow Formulas Inc., NestlŠ¹ S.A., NOW Foods, Nutrazee, Ora Organic and PepsiCo Inc.

Key Questions Answered in This Report:
How has the global vegan supplements market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global vegan supplements market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the form?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global vegan supplements market and who are the key players?
What is the degree of competition in the industry?
1 PREFACE

2 SCOPE AND METHODOLOGY

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
  2.3.1 Primary Sources
  2.3.2 Secondary Sources
2.4 Market Estimation
  2.4.1 Bottom-Up Approach
  2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 EXECUTIVE SUMMARY

4 INTRODUCTION

4.1 Overview
4.2 Key Industry Trends

5 GLOBAL VEGAN SUPPLEMENTS MARKET

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 MARKET BREAKUP BY PRODUCT TYPE

6.1 Protein
  6.1.1 Market Trends
  6.1.2 Market Forecast
6.2 Minerals
  6.2.1 Market Trends
  6.2.2 Market Forecast
6.3 Vitamins
  6.3.1 Market Trends
  6.3.2 Market Forecast
6.4 Others
  6.4.1 Market Trends
  6.4.2 Market Forecast

7 MARKET BREAKUP BY FORM

7.1 Powder
  7.1.1 Market Trends
  7.1.2 Market Forecast
7.2 Capsules/Tablets
  7.2.1 Market Trends
  7.2.2 Market Forecast
7.3 Others
  7.3.1 Market Trends
  7.3.2 Market Forecast

8 MARKET BREAKUP BY DISTRIBUTION CHANNEL

8.1 Pharmacies/Drug Stores
  8.1.1 Market Trends
  8.1.2 Market Forecast
8.2 Supermarkets and Hypermarkets
  8.2.1 Market Trends
  8.2.2 Market Forecast
8.3 Specialty Stores
  8.3.1 Market Trends
  8.3.2 Market Forecast
8.4 Online Stores
  8.4.1 Market Trends
  8.4.2 Market Forecast

9 MARKET BREAKUP BY REGION

9.1 North America
  9.1.1 United States
    9.1.1.1 Market Trends
    9.1.1.2 Market Forecast
  9.1.2 Canada
    9.1.2.1 Market Trends
    9.1.2.2 Market Forecast
9.2 Asia-Pacific
  9.2.1 China
    9.2.1.1 Market Trends
    9.2.1.2 Market Forecast
  9.2.2 Japan
    9.2.2.1 Market Trends
    9.2.2.2 Market Forecast
  9.2.3 India
    9.2.3.1 Market Trends
    9.2.3.2 Market Forecast
  9.2.4 South Korea
    9.2.4.1 Market Trends
    9.2.4.2 Market Forecast
  9.2.5 Australia
    9.2.5.1 Market Trends
    9.2.5.2 Market Forecast
  9.2.6 Indonesia
    9.2.6.1 Market Trends
    9.2.6.2 Market Forecast
  9.2.7 Others
    9.2.7.1 Market Trends
    9.2.7.2 Market Forecast
9.3 Europe
  9.3.1 Germany
    9.3.1.1 Market Trends
    9.3.1.2 Market Forecast
  9.3.2 France
    9.3.2.1 Market Trends
    9.3.2.2 Market Forecast
  9.3.3 United Kingdom
    9.3.3.1 Market Trends
    9.3.3.2 Market Forecast
  9.3.4 Italy
    9.3.4.1 Market Trends
    9.3.4.2 Market Forecast
  9.3.5 Spain
    9.3.5.1 Market Trends
    9.3.5.2 Market Forecast
  9.3.6 Russia
    9.3.6.1 Market Trends
    9.3.6.2 Market Forecast
  9.3.7 Others
    9.3.7.1 Market Trends
    9.3.7.2 Market Forecast
9.4 Latin America
  9.4.1 Brazil
    9.4.1.1 Market Trends
    9.4.1.2 Market Forecast
  9.4.2 Mexico
    9.4.2.1 Market Trends
    9.4.2.2 Market Forecast
  9.4.3 Others
    9.4.3.1 Market Trends
    9.4.3.2 Market Forecast
9.5 Middle East and Africa
  9.5.1 Market Trends
  9.5.2 Market Breakup by Country
  9.5.3 Market Forecast

10 SWOT ANALYSIS

10.1 Overview
10.2 Strengths
10.3 Weaknesses
10.4 Opportunities
10.5 Threats

11 VALUE CHAIN ANALYSIS

12 PORTERS FIVE FORCES ANALYSIS

12.1 Overview
12.2 Bargaining Power of Buyers
12.3 Bargaining Power of Suppliers
12.4 Degree of Competition
12.5 Threat of New Entrants
12.6 Threat of Substitutes

13 PRICE ANALYSIS

14 COMPETITIVE LANDSCAPE

14.1 Market Structure
14.2 Key Players
14.3 Profiles of Key Players
  14.3.1 Aloha Inc.
    14.3.1.1 Company Overview
    14.3.1.2 Product Portfolio
  14.3.2 Amway Corp.
    14.3.2.1 Company Overview
    14.3.2.2 Product Portfolio
    14.3.2.3 SWOT Analysis
  14.3.3 Deva Nutrition LLC
    14.3.3.1 Company Overview
    14.3.3.2 Product Portfolio
  14.3.4 DuPont de Nemours Inc.
    14.3.4.1 Company Overview
    14.3.4.2 Product Portfolio
    14.3.4.3 Financials
    14.3.4.4 SWOT Analysis
  14.3.5 Eversea Inc.
    14.3.5.1 Company Overview
    14.3.5.2 Product Portfolio
  14.3.6 HTC Health
    14.3.6.1 Company Overview
    14.3.6.2 Product Portfolio
  14.3.7 Jarrow Formulas Inc.
    14.3.7.1 Company Overview
    14.3.7.2 Product Portfolio
  14.3.8 NestlŠ¹ S.A.
    14.3.8.1 Company Overview
    14.3.8.2 Product Portfolio
    14.3.8.3 Financials
    14.3.8.4 SWOT Analysis
  14.3.9 NOW Foods
    14.3.9.1 Company Overview
    14.3.9.2 Product Portfolio
  14.3.10 Nutrazee
    14.3.10.1 Company Overview
    14.3.10.2 Product Portfolio
  14.3.11 Ora Organic
    14.3.11.1 Company Overview
    14.3.11.2 Product Portfolio
  14.3.12 PepsiCo Inc.
    14.3.12.1 Company Overview
    14.3.12.2 Product Portfolio
    14.3.12.3 Financials
    14.3.12.4 SWOT Analysis

LIST OF TABLES

Table 1: Global: Vegan Supplements Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Vegan Supplements Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Vegan Supplements Market Forecast: Breakup by Form (in Million US$), 2022-2027
Table 4: Global: Vegan Supplements Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Vegan Supplements Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 6: Global: Vegan Supplements Market: Competitive Structure
Table 7: Global: Vegan Supplements Market: Key Players

LIST OF FIGURES

Figure 1: Global: Vegan Supplements Market: Major Drivers and Challenges
Figure 2: Global: Vegan Supplements Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Vegan Supplements Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Vegan Supplements Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Vegan Supplements Market: Breakup by Form (in %), 2021
Figure 6: Global: Vegan Supplements Market: Breakup by Distribution Channel (in %), 2021
Figure 7: Global: Vegan Supplements Market: Breakup by Region (in %), 2021
Figure 8: Global: Vegan Supplements (Protein) Market: Sales Value (in Million US$), 2016 & 2021
Figure 9: Global: Vegan Supplements (Protein) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 10: Global: Vegan Supplements (Minerals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 11: Global: Vegan Supplements (Minerals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 12: Global: Vegan Supplements (Vitamins) Market: Sales Value (in Million US$), 2016 & 2021
Figure 13: Global: Vegan Supplements (Vitamins) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Vegan Supplements (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Vegan Supplements (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Vegan Supplements (Powder) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Vegan Supplements (Powder) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Vegan Supplements (Capsules/Tablets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Vegan Supplements (Capsules/Tablets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Vegan Supplements (Other Forms) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Vegan Supplements (Other Forms) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Vegan Supplements (Pharmacies/Drug Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Vegan Supplements (Pharmacies/Drug Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Vegan Supplements (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Vegan Supplements (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Vegan Supplements (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Vegan Supplements (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Vegan Supplements (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Vegan Supplements (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: North America: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: North America: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: United States: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: United States: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Canada: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 35: Canada: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 36: Asia-Pacific: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 37: Asia-Pacific: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 38: China: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 39: China: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 40: Japan: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 41: Japan: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 42: India: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 43: India: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 44: South Korea: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: South Korea: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Australia: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Australia: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Indonesia: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Indonesia: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: Others: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: Others: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Europe: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Europe: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Germany: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Germany: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: France: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: France: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: United Kingdom: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: United Kingdom: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 60: Italy: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 61: Italy: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 62: Spain: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 63: Spain: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 64: Russia: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 65: Russia: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 66: Others: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 67: Others: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 68: Latin America: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 69: Latin America: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 70: Brazil: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 71: Brazil: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 72: Mexico: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 73: Mexico: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 74: Others: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 75: Others: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 76: Middle East and Africa: Vegan Supplements Market: Sales Value (in Million US$), 2016 & 2021
Figure 77: Middle East and Africa: Vegan Supplements Market: Breakup by Country (in %), 2021
Figure 78: Middle East and Africa: Vegan Supplements Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Global: Vegan Supplements Industry: SWOT Analysis
Figure 80: Global: Vegan Supplements Industry: Value Chain Analysis
Figure 81: Global: Vegan Supplements Industry: Porter's Five Forces Analysis


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