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Vegan Supplements Market by Product Type (Minerals, Vitamins, Protein, and Others), Form (Capsules/Tablets, Powder, and Others), and Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Pharmacies/Drug Stores, and Online Sales Channel): Global Opportunity Analysis and Industry Forecast, 2021–2028

A11388
Pages: 195
Jun 2021 | 232 Views
 
Author(s) : Nitesh Chouhan, Himanshu Vig , Roshan Deshmukh
Tables: 94
Charts: 49
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

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The global vegan supplements market size was valued at $ 6,309.1 million in 2019, and is projected to reach $ 13,598.7 million by 2028, registering a CAGR of 6.9% from 2021 to 2028. Across the globe consumers are moving toward a healthier lifestyle and are turning towardv egetarian or vegan diets. Moreover, consumers preference toward vegans and vegetarians owing to personal health, environmental concerns, and animal welfare. Moreover, there has been an increase in the global transition rate from vegetarians to vegans to global movements such as veganuary. Furthermore, in the U.S. the population of vegans increased from 0.4% to 3.5% in the last two years. According to the “Vegetarianism in America” study published by Vegetarian Times Magazine, there has been an increase in the percentage of vegans residing in the U.S. In addition, according to The Vegan Society's larger survey, the population of vegans quadrupled from 2014 to 2018. In 2018, there were around 6,00,000 vegans in the UK, which is equivalent to 1.16% of the British population. Thus, increase in vegetarians and vegans population across the globe drives the growth of the market. 

The market in the Asia-Pacific region offers lucrative growth opportunities for the operating players owing to presence of countries such as India, China, Australia, New Zealand, and others. Increase in adoption of western lifestyle, rise in population, and surge in disposable income of consumers majorly drive the growth of the vegan supplements market. Moreover, increase in awareness regarding vegan supplements products and its associated benefit has further augmented the growth of the market. Developing region offers potential growth opportunities to the market players for launching innovative meat substitute products.

Vegan-Supplements-Market

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Moreover, countries in Latin America, such as Brazil, are anticipated to unfold attractive business opportunities owing to high prevalence of obesity in this region. However, the growth in the vegan supplements market brings about a significant need for governmental intervention and it also strengthens regulations pertaining to the distribution, production, safety testing and claims related to the effectiveness and efficiency of vegan supplements. In the last couple of years the U.S. Food and Drug Administration (USFDA) has become severe with the safety standards and has observed a rise in number of labelling violation related to dietary supplement and vegan supplement. Moreover, strict regulatory compliance across all the countries related to vegan supplement products affects the growth of the global vegan supplements market.

The vegan supplements industry is segmented on the basis of product type, form, distribution channel, and region. By product type, it is classified into minerals, vitamins, protein, and others. By form, it is divided into capsules/tablets, powder, and others. By distribution channel, it is categorized into hypermarket/supermarket, specialty stores, pharmacies/drug stores, and online sales channel. By region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

By product type, the protein segment constitutes a major market share; however, the mineral segment is projected to experience growth at the highest CAGR during the vegan supplements market forecast period. 

Vegan Supplements Market
By Product Type

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Protein segment dominates the global market and is expected to retain its dominance throughout the forecast period.

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By form, the powder segment leads in terms of vegan supplements market share and is expected to continue to grow with a highest CAGR during the forecast period. Furthermore, powder form vegan supplement is 100% vegan, gluten free, dairy free, soy free, and non-GMO which makes it suitable for people on a certain diet. This vegan supplement powder is a good as a meal replacement and smoothie booster. It also helps in muscle recovery and can be consumed post or pre workouts.

Vegan Supplements Market
By Form

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Capsules/Tablets segment is expected to grow at a highest CAGR of 8.1% during the forecast period.

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By distribution channel, the pharmacies/drug stores segment held the major share, and is projected to remain dominant during the forecast period. Pharmacies sell vegan supplement products along with other supplements. Consumers are concerned regarding health and therefore spend more on supplement products for their better health. In addition, pharmacy retailers offer professional consulting services to consumers, which helps consumer in purchasing the product

Vegan Supplements Market
By Distribution Channel

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Online sales channel segment is expected to grow at a highest CAGR of 9.7% during the forecast period.

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The key players profiled in the market report are Aloha, Bhu Foods, Danone S.A., Jarrow Formulas, Inc., Kerry Group, PLC, Kikkoman Corporation, Nestle S.A., NuGo Nutrition, Nutrazee, and PepsiCo, Inc. 

Vegan Supplements Market
By Region

2028
North America 
Europe
Asia-pacific
Lamea

North America dominates the market and is expected to grow with a CAGR of 5.3% during the forecast period

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Covid-19 Impact Analysis

  • Covid-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December 2020.
  • During the COVID-19 outbreak, consumers have become more concerned about their overall health and wellness as COVID-19 has impacted mental and physical well-being of almost everyone across the globe. Moreover, consumers are now more conscious about their immunity and weight gain, which has become an issue during the pandemic as people have become extremely inactive. Such factors lead to various chronic diseases such as diabetes and obesity and thus people seek for healthy alternatives to combat the same. 
  • Furthermore, due to COVID-19 crisis many vegan supplements producing companies increased their production to meet the demand of the customers. Thus, COVID-19 has positively impacted the vegan supplements market, as production and sales of companies have increased in 2020, owing to COVID-19 pandemic across the world.

Key Benefits For Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the vegan supplements market analysis from 2019 to 2028 to identify the prevailing market opportunities.
  • The market research is offered along with information related to key drivers, restraints, and vegan supplements market opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis of the vegan supplements market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market industry. 
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global vegan supplements market trends, key players, market segments, application areas, and vegan supplements market growth strategies. 

Key Market Segments

By Product Type  

  • Minerals
  • Vitamins
  • Protein
  • Others

By Form

  • Capsules/Tablets
  • Powder
  • Others

By Distribution channel

  • Hypermarket/Supermarket
  • Specialty Stores
  • Pharmacies/Drug Stores
  • Online sales channel

By Region

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • UK
    • Germany
    • France
    • Russia
    • Italy
    • Spain
    • Rest of Europe
  • Asia-Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • South Korea
    • Rest of Asia-pacific
  • LAMEA
    • Brazil
    • South Africa
    • U.A.E
    • Saudi Arabia
    • Rest of LAMEA
 

CHAPTER 1:INTRODUCTION

1.1.Report description
1.2.Key benefits for stakeholders
1.3.Key market segment
1.4.Research methodology

1.4.1.Primary research
1.4.2.Secondary research
1.4.3.Analyst tools and models

CHAPTER 2:EXECUTIVE SUMMARY

2.1.Key findings of the study

2.1.1.Top impacting factors
2.1.2.Top investment pockets
2.1.3.PARENT MARKET OVERVIEW
2.1.4.Value chain analysis

2.2.CXO perspective

CHAPTER 3:MARKET OVERVIEW

3.1.Market definition and scope
3.2.Porter's five forces analysis
3.3.Market dynamics

3.3.1.Drivers

3.3.1.1.Rise in health and wellness trend among the target customers
3.3.1.2.Surge in usage  in sports nutrition
3.3.1.3.Increase in population of vegetarians and vegans

3.3.2.Restraints

3.3.2.1.Threat of counterfeit dietary supplements
3.3.2.2.Challenging regulatory environment

3.3.3.Opportunities

3.3.3.1.Untapped developing market
3.3.3.2.Acquisition and mergers

3.1.COVID-19 impact on vegan supplements market

3.1.1.Multiple scenario

CHAPTER 4:GLOBAL VEGAN SUPPLEMENTS MARKET, BY PRODUCT TYPE

4.1.Overview

4.1.1.Market size and forecast

4.2.Minerals

4.2.1.Key market trends, growth factors and opportunities
4.2.2.Market size and forecast
4.2.3.Market analysis by country

4.3.Vitamins

4.3.1.Key market trends, growth factors and opportunities
4.3.2.Market size and forecast
4.3.3.Market analysis by country

4.4.Protein

4.4.1.Key market trends, growth factors and opportunities
4.4.2.Market size and forecast
4.4.3.Market analysis by country

4.5.Others

4.5.1.Key market trends, growth factors and opportunities
4.5.2.Market size and forecast
4.5.3.Market analysis by country

CHAPTER 5:GLOBAL VEGAN SUPPLEMENTS MARKET, BY FORM

5.1.Overview

5.1.1.Market size and forecast

5.2.Capsules/Tablets

5.2.1.Key market trends, growth factors and opportunities
5.2.2.Market size and forecast
5.2.3.Market analysis by country

5.3.Powder

5.3.1.Key market trends, growth factors and opportunities
5.3.2.Market size and forecast
5.3.3.Market analysis by country

5.4.Others

5.4.1.Key market trends, growth factors and opportunities
5.4.2.Market size and forecast
5.4.3.Market analysis by country

CHAPTER 6:GLOBAL VEGAN SUPPLEMENTS MARKET, BY DISTRIBUTION CHANNEL

6.1.Overview

6.1.1.Market size and forecast

6.2.Hypermarket/Supermarket

6.2.1.Key market trends, growth factors and opportunities
6.2.2.Market size and forecast
6.2.3.Market analysis by country

6.3.Specialty stores

6.3.1.Key market trends, growth factors and opportunities
6.3.2.Market size and forecast
6.3.3.Market analysis by country

6.4.Pharmacy/Drug Stores

6.4.1.Key market trends, growth factors and opportunities
6.4.2.Market size and forecast
6.4.3.Market analysis by country

6.5.Online Sales Channel

6.5.1.Key market trends, growth factors and opportunities
6.5.2.Market size and forecast
6.5.3.Market analysis by country

CHAPTER 7:VEGAN SUPPLEMENTS MARKET, BY REGION

7.1.Overview

7.1.1.Market size and forecast, by region

7.2.North America

7.2.1.Key market trends, growth factors, and opportunities
7.2.2.Market size and forecast by product type
7.2.3.Market size and forecast by form
7.2.4.Market size and forecast by distribution channel
7.2.5.Market analysis by country

7.2.5.1.U.S.

7.2.5.1.1.Market size and forecast by product type
7.2.5.1.2.Market size and forecast by Form
7.2.5.1.3.Market size and forecast by distribution channel

7.2.5.2.CANADA

7.2.5.2.1.Market size and forecast by product type
7.2.5.2.2.Market size and forecast by Form
7.2.5.2.3.Market size and forecast by distribution channel

7.2.5.3.MEXICO

7.2.5.3.1.Market size and forecast by product type
7.2.5.3.2.Market size and forecast by form
7.2.5.3.3.Market size and forecast by distribution channel

7.3.Europe

7.3.1.Key market trends, growth factors, and opportunities
7.3.2.Market size and forecast by product type
7.3.3.Market size and forecast by form
7.3.4.Market size and forecast by distribution channel
7.3.5.Market analysis by country

7.3.5.1.UK

7.3.5.1.1.Market size and forecast by product type
7.3.5.1.2.Market size and forecast by form
7.3.5.1.3.Market size and forecast by distribution channel

7.3.5.2.GERMANY

7.3.5.2.1.Market size and forecast by product type
7.3.5.2.2.Market size and forecast by form
7.3.5.2.3.Market size and forecast by distribution channel

7.3.5.3.FRANCE

7.3.5.3.1.Market size and forecast by product type
7.3.5.3.2.Market size and forecast by form
7.3.5.3.3.Market size and forecast by distribution channel

7.3.5.4.RUSSIA

7.3.5.4.1.Market size and forecast by product type
7.3.5.4.2.Market size and forecast by form
7.3.5.4.3.Market size and forecast by distribution channel

7.3.5.5.ITALY

7.3.5.5.1.Market size and forecast by product type
7.3.5.5.2.Market size and forecast by form
7.3.5.5.3.Market size and forecast by distribution channel

7.3.5.6.SPAIN

7.3.5.6.1.Market size and forecast by type
7.3.5.6.2.Market size and forecast by form
7.3.5.6.3.Market size and forecast by distribution channel

7.3.5.7.REST OF EUROPE

7.3.5.7.1.Market size and forecast by product type
7.3.5.7.2.Market size and forecast by form
7.3.5.7.3.Market size and forecast by distribution channel

7.4.Asia-Pacific

7.4.1.Key market trends, growth factors, and opportunities
7.4.2.Market size and forecast by product type
7.4.3.Market size and forecast by form
7.4.4.Market size and forecast by distribution channel
7.4.5.Market analysis by country

7.4.5.1.CHINA

7.4.5.1.1.Market size and forecast by product type
7.4.5.1.2.Market size and forecast by form
7.4.5.1.3.Market size and forecast by distribution channel

7.4.5.2.JAPAN

7.4.5.2.1.Market size and forecast by product type
7.4.5.2.2.Market size and forecast by form
7.4.5.2.3.Market size and forecast by distribution channel

7.4.5.3.INDIA

7.4.5.3.1.Market size and forecast by product type
7.4.5.3.2.Market size and forecast by form
7.4.5.3.3.Market size and forecast by distribution channel

7.4.5.4.AUSTRALIA & NEW ZEALAND

7.4.5.4.1.Market size and forecast by product type
7.4.5.4.2.Market size and forecast by form
7.4.5.4.3.Market size and forecast by distribution channel

7.4.5.5.SOUTH KOREA

7.4.5.5.1.Market size and forecast by product type
7.4.5.5.2.Market size and forecast by form
7.4.5.5.3.Market size and forecast by distribution channel

7.4.5.6.REST OF ASIA-PACIFIC

7.4.5.6.1.Market size and forecast by product type
7.4.5.6.2.Market size and forecast by form
7.4.5.6.3.Market size and forecast by distribution channel

7.5.LAMEA

7.5.1.Key market trends, growth factors, and opportunities
7.5.2.Market size and forecast by product type
7.5.3.Market size and forecast by form
7.5.4.Market size and forecast by distribution channel
7.5.5.Market analysis by country

7.5.5.1.BRAZIL

7.5.5.1.1.Market size and forecast by product type
7.5.5.1.2.Market size and forecast by form
7.5.5.1.3.Market size and forecast by distribution channel

7.5.5.2.SOUTH AFRICA

7.5.5.2.1.Market size and forecast by product type
7.5.5.2.2.Market size and forecast by form
7.5.5.2.3.Market size and forecast by distribution channel

7.5.5.3.UAE

7.5.5.3.1.Market size and forecast by product type
7.5.5.3.2.Market size and forecast by form
7.5.5.3.3.Market size and forecast by distribution channel

7.5.5.4.SAUDI ARABIA

7.5.5.4.1.Market size and forecast by product type
7.5.5.4.2.Market size and forecast by form
7.5.5.4.3.Market size and forecast by distribution channel

7.5.5.5.REST OF LAMEA

7.5.5.5.1.Market size and forecast by product type
7.5.5.5.2.Market size and forecast by form
7.5.5.5.3.Market size and forecast by distribution channel

7.5.5.6.DISCLAIMER

LIST OF TABLES

TABLE 01.GLOBAL VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 02.VEGAN SUPPLEMENTS MARKET REVENUE FOR MINERALS, BY REGION, 2019–2028 ($MILLION)
TABLE 03.VEGAN SUPPLEMENTS MARKET REVENUE FOR VITAMINS, BY REGION, 2019–2028 ($MILLION)
TABLE 04.VEGAN SUPPLEMENTS MARKET REVENUE FOR PROTEIN, BY REGION, 2019–2028 ($MILLION)
TABLE 05.VEGAN SUPPLEMENTS MARKET REVENUE FOR OTHERS, BY REGION, 2019–2028 ($MILLION)
TABLE 06.GLOBAL VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 07.VEGAN SUPPLEMENTS MARKET REVENUE FOR CAPSULES/TABLETS, BY REGION, 2019–2028 ($MILLION)
TABLE 08.VEGAN SUPPLEMENTS MARKET REVENUE FOR POWDER, BY REGION, 2019–2028 ($MILLION)
TABLE 09.VEGAN SUPPLEMENTS MARKET REVENUE FOR OTHERS, BY REGION, 2019–2028 ($MILLION)
TABLE 10.GLOBAL VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 11.VEGAN SUPPLEMENTS MARKET REVENUE FOR HYPERMARKET/SUPERMARKET, BY REGION, 2019–2028 ($MILLION)
TABLE 12.VEGAN SUPPLEMENTS MARKET REVENUE FOR SPECIALTY STORES, BY REGION, 2019–2028 ($MILLION)
TABLE 13.VEGAN SUPPLEMENTS MARKET REVENUE FOR PHARMACIES/DRUG STORES, BY REGION, 2019–2028 ($MILLION)
TABLE 14.VEGAN SUPPLEMENTS MARKET REVENUE FOR ONLINE SALES CHANNEL, BY REGION, 2019–2028 ($MILLION)
TABLE 15.VEGAN SUPPLEMENTS MARKET REVENUE, BY REGION, 2019–2028 ($MILLION)
TABLE 16.NORTH AMERICA VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 17.NORTH AMERICA VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 18.NORTH AMERICA VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 19.NORTH AMERICA VEGAN SUPPLEMENTS MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 20.U.S. VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 21.U.S. VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 22.U.S. VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 23.CANADA VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 24.CANADA VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 25.CANADA VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 26.MEXICO VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 27.MEXICO VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 28.MEXICO VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 29.EUROPE VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 30.EUROPE VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 31.EUROPE VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 32.EUROPE VEGAN SUPPLEMENTS MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 33.UK VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 34.UK VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 35.UK VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 36.GERMANY VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 37.GERMANY VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 38.GERMANY VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 39.FRANCE VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 40.FRANCE VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 41.FRANCE VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 42.RUSSIA VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 43.RUSSIA VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 44.RUSSIA VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 45.ITALY VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 46.ITALY VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 47.ITALY VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 48.SPAIN VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 49.SPAIN VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 50.SPAIN VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 51.REST OF EUROPE VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 52.REST OF EUROPE VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 53.REST OF EUROPE VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 54.ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 55.ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 56.ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 57.ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 58.CHINA VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 59.CHINA VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 60.CHINA VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 61.JAPAN VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 62.JAPAN VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 63.JAPAN VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 64.INDIA VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 65.INDIA VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 66.INDIA VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 67.AUSTRALIA & NEW ZEALAND VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 68.AUSTRALIA & NEW ZEALAND VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 69.AUSTRALIA & NEW ZEALAND VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 70.SOUTH KOREA VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 71.SOUTH KOREA VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 72.SOUTH KOREA VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 73.REST OF ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 74.REST OF ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 75.REST OF ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 76.LAMEA VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 77.LAMEA VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 78.LAMEA VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 79.LAMEA VEGAN SUPPLEMENTS MARKET, BY COUNTRY, 2019–2028 ($MILLION)
TABLE 80.BRAZIL VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 81.BRAZIL VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 82.BRAZIL VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 83.SOUTH AFRICA VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 84.SOUTH AFRICA VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 85.SOUTH AFRICA VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 86.UAE VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 87.UAE VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 88.UAE VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 89.SAUDI ARABIA VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 90.SAUDI ARABIA VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 91.SAUDI ARABIA VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)
TABLE 92.REST OF LAMEA VEGAN SUPPLEMENTS MARKET REVENUE, BY PRODUCT TYPE, 2019–2028 ($MILLION)
TABLE 93.REST OF LAMEA VEGAN SUPPLEMENTS MARKET REVENUE, BY FORM, 2019–2028 ($MILLION)
TABLE 94.REST OF LAMEA VEGAN SUPPLEMENTS MARKET REVENUE, BY DISTRIBUTION CHANNEL, 2019–2028 ($MILLION)

LIST OF FIGURES

FIGURE 01.KEY MARKET SEGMENTS
FIGURE 02.EXECUTIVE SUMMARY
FIGURE 03.TOP IMPACTING FACTORS
FIGURE 04.TOP INVESTMENT POCKETS
FIGURE 05.PARENT MARKET OVERVIEW
FIGURE 06.VALUE CHAIN ANALYSIS
FIGURE 07.MODERATE BARGAINING POWER OF SUPPLIERS
FIGURE 08.LOW THREAT OF NEW ENTRANTS
FIGURE 09.MODERATE THREAT OF SUBSTITUTES
FIGURE 10.HIGH INTENSITY OF RIVALRY
FIGURE 11.MODERATE BARGAINING POWER OF BUYERS
FIGURE 12.GLOBAL VEGAN SUPPLEMENTS: DRIVERS, RESTRAINTS, AND OPPORTUNITIES
FIGURE 13.MULTIPLE SCENARIO ANALYSIS
FIGURE 14.GLOBAL VEGAN SUPPLEMENTS MARKET, BY PRODUCT TYPE, 2019 (%)
FIGURE 15.COMPARATIVE SHARE ANALYSIS OF VEGAN SUPPLEMENTS MARKET REVENUE FOR MINERALS, BY COUNTRY, 2019 & 2028 (%)
FIGURE 16.COMPARATIVE SHARE ANALYSIS OF VEGAN SUPPLEMENTS MARKET REVENUE FOR VITAMINS, BY COUNTRY, 2019 & 2028 (%)
FIGURE 17.COMPARATIVE SHARE ANALYSIS OF VEGAN SUPPLEMENTS MARKET REVENUE FOR PROTEIN, BY COUNTRY, 2019 & 2028 (%)
FIGURE 18.COMPARATIVE SHARE ANALYSIS OF VEGAN SUPPLEMENTS MARKET REVENUE FOR OTHERS, BY COUNTRY, 2019 & 2028 (%)
FIGURE 19.GLOBAL VEGAN SUPPLEMENTS MARKET, BY FORM, 2019 (%)
FIGURE 20.COMPARATIVE SHARE ANALYSIS OF VEGAN SUPPLEMENTS MARKET REVENUE FOR CAPSULES/TABLETS, BY COUNTRY, 2019 & 2028 (%)
FIGURE 21.COMPARATIVE SHARE ANALYSIS OF VEGAN SUPPLEMENTS MARKET REVENUE FOR POWDER, BY COUNTRY, 2019 & 2028 (%)
FIGURE 22.COMPARATIVE SHARE ANALYSIS OF VEGAN SUPPLEMENTS MARKET REVENUE FOR OTHERS, BY COUNTRY, 2019 & 2028 (%)
FIGURE 23.GLOBAL VEGAN SUPPLEMENTS MARKET, BY DISTRIBUTION CHANNEL, 2019 (%)
FIGURE 24.COMPARATIVE SHARE ANALYSIS OF VEGAN SUPPLEMENTS MARKET REVENUE FOR HYPERMARKET/SUPERMARKET, BY COUNTRY, 2019 & 2028 (%)
FIGURE 25.COMPARATIVE SHARE ANALYSIS OF VEGAN SUPPLEMENTS MARKET REVENUE FOR SPECIALTY STORES, BY COUNTRY, 2019 & 2028 (%)
FIGURE 26.COMPARATIVE SHARE ANALYSIS OF VEGAN SUPPLEMENTS MARKET REVENUE FOR PHARMACIES/DRUG STORES, BY COUNTRY, 2019 & 2028 (%)
FIGURE 27.COMPARATIVE SHARE ANALYSIS OF VEGAN SUPPLEMENTS MARKET REVENUE FOR ONLINE SALES CHANNEL, BY COUNTRY, 2019 & 2028 (%)
FIGURE 28.VEGAN SUPPLEMENTS MARKET, BY REGION, 2019 (%)
FIGURE 29.U.S. VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 30.CANADA VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 31.MEXICO VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 32.UK VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 33.GERMANY VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 34.FRANCE VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 35.RUSSIA VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 36.ITALY VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 37.SPAIN VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 38.REST OF EUROPE VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 39.CHINA VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 40.JAPAN VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 41.INDIA VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 42.AUSTRALIA & NEW ZEALAND VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 43.SOUTH KOREA VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 44.REST OF ASIA-PACIFIC VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 45.BRAZIL VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 46.SOUTH AFRICA VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 47.UAE VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 48.SAUDI ARABIA VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)
FIGURE 49.REST OF LAMEA VEGAN SUPPLEMENTS MARKET, 2019–2028 ($MILLION)

 
 

According to the perspective of top-level CXOs, innovation is the key for the growth of the vegan supplements market, in terms of value sales. Rise in demand for various vegan supplements products among customers makes way for the manufacturers to come up with innovative products along with affordable prices and eco-friendly packaging.

Key players operating in the global vegan supplements market have adopted developmental strategies such as new product launch to strengthen their foothold in the market, in terms of value sales. They emphasize on continuous innovation to formulate products and gain a competitive edge in the global market and to boost the demand for vegan supplements. According to the key market players, changes in lifestyle and rise in health concerns of consumers across the globe boost the growth of the vegan supplements market. These players are focused on investing in R&D activities to launch improved products for consumers and maintain their position in the market. According to some key vegan supplements companies, rise in trend to improve immunity among people is expected to fuel the demand for vegan supplements across the globe. Thus, this factor is anticipated to offer lucrative opportunities for growth of the vegan supplements market. Moreover, key manufacturers are providing vegan supplements in different formats including liquid, capsules, powders, and others to make consumption easy and convenient for consumers. However, high cost associated with these products hampers the market growth. Furthermore, increase in penetration of various online portals globally and rise in number of offers or discounts attract large consumer base to purchase vegan supplement products through online channels. Moreover, online sales channel has increased the consumer reach, making it the key source of revenue for many companies.

 
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A. The total market value of the Vegan Supplements Market report was valued at $ 6,309.1 million in 2019, and is projected to reach $ 13,598.7 million by 2028.

A. The forecast period in the Vegan Supplements Market report is 2021-2028.

A. The base year calculated in the Vegan Supplements Market report is 2019.

A. The top companies hold the market share in the Vegan Supplements Market are Aloha, Bhu Foods, Danone S.A., Jarrow Formulas, Inc., Kerry Group, PLC, Kikkoman Corporation, Nestle S.A., NuGo Nutrition, Nutrazee, and PepsiCo, Inc.

A. The most influencing segment growing in the Vegan Supplements Market report is protein.

A. The powder segment holds the maximum market share of the Vegan Supplements Market.

A. The company profile has been selected on the basis of prominent players in the market.

A. The total market value of the Vegan Supplements Market report is $ 6,309.1 million in 2019.

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