Product Code: PM2770
The global vegan supplements market size is expected to reach USD 22.11 billion by 2030, according to a new study by Polaris Market Research. The report "Vegan Supplements Market Share, Size, Trends, Industry Analysis Report, By Product (Vitamins, Minerals, Amino Acids, Botanical Supplements, and Others); By Form; By Distribution Channel; By Region; Segment Forecast, 2022 - 2030" gives a detailed insight into current market dynamics and provides analysis on future market growth.
The market's growth is related to consumers becoming more aware of the benefits of plant-based foods in terms of nutrition, such as their high levels of amino acids and low sodium content. Customers' preferences for plant-based protein supplements have evolved due to things like lowering meat consumption for food safety, food allergies, ethical considerations, and developing a vegan culture to stop animal cruelty. The market is growing as a result of the rising demand for proteins that are environmentally friendly.
In 2021, the United Kingdom will be the largest market in Europe. The European Union's efforts to harmony supplement rules have boosted the growth of the total dietary supplement sector, especially vegan supplements; divergent restrictions among member states are becoming more coordinated. Some businesses that provide vegan diets also have organic and natural products in their product lines, fueling the industry even more.
Utilizing appealing packaging techniques has raised customer awareness, which has in turn, encouraged the purchase of protein supplements. For instance, the vegan society filed 16,439 products in 2021 with the vegan trademark, a staggering quantity. More than 82% of product registrations have taken place over the last five years.
Due to the global COVID-19 epidemic, many countries have been placed under lockdown. As a result, there is a greater need for vegan diets, which has helped the vegan supplement market grow. More and more people are becoming aware of the health benefits of vegan dietary supplements. In order to meet consumer demand, many supplement manufacturers were additionally compelled to increase production as a result of the COVID-19 crisis. The global COVID-19 issue in 2020 has boosted demand for vegan supplements, which has helped the industry's growth from a manufacturing and sales perspective.
Vegan Supplements Market Report Highlights
Vitamins were the market's largest segment in 2021. Vegan vitamins and supplements outperform synthetic or animal-based supplements in many ways, which may be a factor for most people.
By 2021, capsule supplements are anticipated to dominate the market, making them the most common application. The rapid growth of capsule goods is attributed to their ease of production and cost advantages for consumers.
The online retailer's market share in 2021 was greater. Manufacturers are emphasizing faster means to reach clients due to increased consumer demand and a focus on core competencies.
The largest regional market was Europe. The region is leading the European market, led by the United Kingdom, by placing more emphasis on preventative healthcare.
The global players include DuPont, Jarrow Formulas, Vitamin Energy, Solgar, Deva Nutrition LLC, and Natrol.
Polaris Market Research has segmented the vegan supplements market report based on product, form, distribution channel, and region:
Vegan Supplements, Product Outlook (Revenue - USD Billion, 2018 - 2030)
Vitamins
Minerals
Amino Acids
Botanical Supplements
Others
Vegan Supplements, Form Outlook (Revenue - USD Billion, 2018 - 2030)
Powder
Liquid
Capsules
Bars
Others
Vegan Supplements, Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)
Hypermarkets/Supermarkets
Convenience Stores
Drug Stores & Pharmacies
Health & Wellness Stores
Online Retailing
Others
Vegan Supplements, Regional Outlook (Revenue - USD Billion, 2018 - 2030)
North America
U.S
Canada
Europe
Germany
UK
France
Italy
Spain
Russia
Netherlands
Asia Pacific
China
India
Japan
South Korea
Indonesia
Malaysia
Latin America
Argentina
Brazil
Mexico
Middle East & Africa
UAE
Saudi Arabia
Israel
South Africa
Table of Contents
1. Introduction
- 1.1. Report Description
- 1.1.1. Objectives of the Study
- 1.1.2. Market Scope
- 1.1.3. Assumptions
- 1.2. Stakeholders
2. Executive Summary
3. Research Methodology
- 3.1. Overview
- 3.2. Data Sources
- 3.2.1. Primary Sources
- 3.2.2. Secondary Sources
4. Global Vegan Supplements Market Insights
- 4.1. Vegan Supplements - Industry Snapshot
- 4.2. Vegan Supplements Market Dynamics
- 4.2.1. Drivers and Opportunities
- 4.2.1.1. Rising consumer interest in healthier products and food safety
- 4.2.1.2. Increase as the population of senior people grows
- 4.2.2. Restraints and Challenges
- 4.2.2.1. Challenging regulatory environment
- 4.3. Porter's Five Forces Analysis
- 4.3.1. Bargaining Power of Suppliers (Moderate)
- 4.3.2. Threats of New Entrants: (Low)
- 4.3.3. Bargaining Power of Buyers (Moderate)
- 4.3.4. Threat of Substitute (Moderate)
- 4.3.5. Rivalry among existing firms (High)
- 4.4. PESTEL Analysis
- 4.5. Vegan Supplements Market Industry Trends
- 4.6. Value Chain Analysis
- 4.7. COVID-19 Impact Analysis
5. Global Vegan Supplements Market, by Product
- 5.1. Key Findings
- 5.2. Introduction
- 5.2.1. Global Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 5.3. Vitamins
- 5.3.1. Global Vegan Supplements Market, by Vitamins, by Region, 2018 - 2030 (USD Billion)
- 5.4. Minerals
- 5.4.1. Global Vegan Supplements Market, by Minerals, by Region, 2018 - 2030 (USD Billion)
- 5.5. Amino Acids
- 5.5.1. Global Vegan Supplements Market, by Amino Acids, by Region, 2018 - 2030 (USD Billion)
- 5.6. Botanical Supplements
- 5.6.1. Global Vegan Supplements Market, by Botanical Supplements, by Region, 2018 - 2030 (USD Billion)
- 5.7. Others
- 5.7.1. Global Other Vegan Supplements Market, by Region, 2018 - 2030 (USD Billion)
6. Global Vegan Supplements Market, by Form
- 6.1. Key Findings
- 6.2. Introduction
- 6.2.1. Global Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 6.3. Powder
- 6.3.1. Global Vegan Supplements Market, by Powder, by Region, 2018 - 2030 (USD Billion)
- 6.4. Liquid
- 6.4.1. Global Vegan Supplements Market, by Liquid, by Region, 2018 - 2030 (USD Billion)
- 6.5. Capsules
- 6.5.1. Global Vegan Supplements Market, by Capsules, by Region, 2018 - 2030 (USD Billion)
- 6.6. Bars
- 6.6.1. Global Vegan Supplements Market, by Bars, by Region, 2018 - 2030 (USD Billion)
- 6.7. Others
- 6.7.1. Global Vegan Supplements Market, by Others, by Region, 2018 - 2030 (USD Billion)
7. Global Vegan Supplements Market, by Distribution Channel
- 7.1. Key Findings
- 7.2. Introduction
- 7.2.1. Global Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 7.3. Hypermarkets/Supermarkets
- 7.3.1. Global Vegan Supplements Market, by Hypermarkets/Supermarkets, by Region, 2018 - 2030 (USD Billion)
- 7.4. Convenience Stores
- 7.4.1. Global Vegan Supplements Market, by Convenience Stores, by Region, 2018 - 2030 (USD Billion)
- 7.5. Drug Stores & Pharmacies
- 7.5.1. Global Vegan Supplements Market, by Drug Stores & Pharmacies, by Region, 2018 - 2030 (USD Billion)
- 7.6. Health & Wellness Stores
- 7.6.1. Global Vegan Supplements Market, by Health & Wellness Stores, by Region, 2018 - 2030 (USD Billion)
- 7.7. Online Retailing
- 7.7.1. Global Vegan Supplements Market, by Online Retailing, by Region, 2018 - 2030 (USD Billion)
- 7.8. Others
- 7.8.1. Global Vegan Supplements Market, by Others, by Region, 2018 - 2030 (USD Billion)
8. Global Vegan Supplements Market, by Geography
- 8.1. Key findings
- 8.2. Introduction
- 8.2.1. Vegan Supplements Market Assessment, By Geography, 2018 - 2030 (USD Billion)
- 8.3. Vegan Supplements Market - North America
- 8.3.1. North America: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.3.2. North America: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.3.3. North America: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.3.4. Vegan Supplements Market - U.S.
- 8.3.4.1. U.S.: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.3.4.2. U.S.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.3.4.3. U.S.: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.3.5. Vegan Supplements Market - Canada
- 8.3.5.1. Canada: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.3.5.2. Canada.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.3.5.3. Canada: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.4. Vegan Supplements Market - Europe
- 8.4.1. Europe: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.2. Europe.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.4.3. Europe: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.4.4. Vegan Supplements Market - UK
- 8.4.4.1. UK: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.4.2. UK.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.4.4.3. UK: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.4.5. Vegan Supplements Market - France
- 8.4.5.1. France: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.5.2. France.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.4.5.3. France: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.4.6. Vegan Supplements Market - Germany
- 8.4.6.1. Germany: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.6.2. Germany.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.4.6.3. Germany: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.4.7. Vegan Supplements Market - Italy
- 8.4.7.1. Italy: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.7.2. Italy.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.4.7.3. Italy: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.4.8. Vegan Supplements Market - Spain
- 8.4.8.1. Spain: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.8.2. Spain.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.4.8.3. Spain: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.4.9. Vegan Supplements Market - Netherlands
- 8.4.9.1. Netherlands: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.9.2. Netherlands.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.4.9.3. Netherlands: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.4.10. Vegan Supplements Market - Russia
- 8.4.10.1. Russia: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.4.10.2. Russia.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.4.10.3. Russia: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.5. Vegan Supplements Market - Asia Pacific
- 8.5.1. Asia Pacific: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.2. Asia Pacific.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.5.3. Asia Pacific: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.5.4. Vegan Supplements Market - China
- 8.5.4.1. China: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.4.2. China.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.5.4.3. China: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.5.5. Vegan Supplements Market - India
- 8.5.5.1. India: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.5.2. India.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.5.5.3. India: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.5.6. Vegan Supplements Market - Malaysia
- 8.5.6.1. Malaysia: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.6.2. Malaysia.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.5.6.3. Malaysia: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.5.7. Vegan Supplements Market - Japan
- 8.5.7.1. Japan: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.7.2. Japan.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.5.7.3. Japan: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.5.8. Vegan Supplements Market - Indonesia
- 8.5.8.1. Indonesia: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.8.2. Indonesia.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.5.8.3. Indonesia: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.5.9. Vegan Supplements Market - South Korea
- 8.5.9.1. South Korea: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.5.9.2. South Korea.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.5.9.3. South Korea: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.6. Vegan Supplements Market - Middle East & Africa
- 8.6.1. Middle East & Africa: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.6.2. Middle East & Africa.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.6.3. Middle East & Africa: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.6.4. Vegan Supplements Market - Saudi Arabia
- 8.6.4.1. Saudi Arabia: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.6.4.2. Saudi Arabia.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.6.4.3. Saudi Arabia: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.6.5. Vegan Supplements Market - UAE
- 8.6.5.1. UAE: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.6.5.2. UAE.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.6.5.3. UAE: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.6.6. Vegan Supplements Market - Israel
- 8.6.6.1. Israel: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.6.6.2. Israel.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.6.6.3. Israel: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.6.7. Vegan Supplements Market - South Africa
- 8.6.7.1. South Africa: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.6.7.2. South Africa.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.6.7.3. South Africa: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.7. Vegan Supplements Market - Latin America
- 8.7.1. Latin America: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.7.2. Latin America.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.7.3. Latin America: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.7.4. Vegan Supplements Market - Mexico
- 8.7.4.1. Mexico: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.7.4.2. Mexico.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.7.4.3. Mexico: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.7.5. Vegan Supplements Market - Brazil
- 8.7.5.1. Brazil: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.7.5.2. Brazil.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.7.5.3. Brazil: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
- 8.7.6. Vegan Supplements Market - Argentina
- 8.7.6.1. Argentina: Vegan Supplements Market, by Product, 2018 - 2030 (USD Billion)
- 8.7.6.2. Argentina.: Vegan Supplements Market, by Distribution Channel, 2018 - 2030 (USD Billion)
- 8.7.6.3. Argentina: Vegan Supplements Market, by Form, 2018 - 2030 (USD Billion)
9. Competitive Landscape
- 9.1. Expansion and Acquisition Analysis
- 9.1.1. Expansion
- 9.1.2. Acquisitions
- 9.2. Partnerships/Collaborations/Agreements/Exhibitions
10. Company Profiles
- 10.1. DuPont
- 10.1.1. Company Overview
- 10.1.2. Financial Performance
- 10.1.3. Product Benchmarking
- 10.1.4. Recent Development
- 10.2. Jarrow Formulas
- 10.2.1. Company Overview
- 10.2.2. Financial Performance
- 10.2.3. Product Benchmarking
- 10.2.4. Recent Development
- 10.3. Vitamin Energy
- 10.3.1. Company Overview
- 10.3.2. Financial Performance
- 10.3.3. Product Benchmarking
- 10.3.4. Recent Development
- 10.4. Solgar
- 10.4.1. Company Overview
- 10.4.2. Financial Performance
- 10.4.3. Product Benchmarking
- 10.4.4. Recent Development
- 10.5. Deva Nutrition
- 10.5.1. Company Overview
- 10.5.2. Financial Performance
- 10.5.3. Product Benchmarking
- 10.5.4. Recent Development
- 10.6. Natrol
- 10.6.1. Company Overview
- 10.6.2. Financial Performance
- 10.6.3. Product Benchmarking
- 10.6.4. Recent Development
- 10.7. Kerry Group
- 10.7.1. Company Overview
- 10.7.2. Financial Performance
- 10.7.3. Product Benchmarking
- 10.7.4. Recent Development
- 10.8. Vitacost
- 10.8.1. Company Overview
- 10.8.2. Financial Performance
- 10.8.3. Product Benchmarking
- 10.8.4. Recent Development
- 10.9. Orgenetics
- 10.9.1. Company Overview
- 10.9.2. Financial Performance
- 10.9.3. Product Benchmarking
- 10.9.4. Recent Development
- 10.10. MusclePharm
- 10.10.1. Company Overview
- 10.10.2. Financial Performance
- 10.10.3. Product Benchmarking
- 10.10.4. Recent Development
- 10.11. HTC Health
- 10.11.1. Company Overview
- 10.11.2. Financial Performance
- 10.11.3. Product Benchmarking
- 10.11.4. Recent Development
- 10.12. Danone
- 10.12.1. Company Overview
- 10.12.2. Financial Performance
- 10.12.3. Product Benchmarking
- 10.12.4. Recent Development
- 10.13. Roquette Freres
- 10.13.1. Company Overview
- 10.13.2. Financial Performance
- 10.13.3. Product Benchmarking
- 10.13.4. Recent Development
- 10.14. Kerry Group
- 10.14.1. Company Overview
- 10.14.2. Financial Performance
- 10.14.3. Product Benchmarking
- 10.14.4. Recent Development
- 10.15. BENEO
- 10.15.1. Company Overview
- 10.15.2. Financial Performance
- 10.15.3. Product Benchmarking
- 10.15.4. Recent Development
- 10.16. Glanbia
- 10.16.1. Company Overview
- 10.16.2. Financial Performance
- 10.16.3. Product Benchmarking
- 10.16.4. Recent Development
- 10.17. Amway
- 10.17.1. Company Overview
- 10.17.2. Financial Performance
- 10.17.3. Product Benchmarking
- 10.17.4. Recent Development
- 10.18. Sakara Life
- 10.18.1. Company Overview
- 10.18.2. Financial Performance
- 10.18.3. Product Benchmarking
- 10.18.4. Recent Development
- 10.19. NUZEST
- 10.19.1. Company Overview
- 10.19.2. Financial Performance
- 10.19.3. Product Benchmarking
- 10.19.4. Recent Development