The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increased popularity of veganism is likely to stimulate innovation in the manufacturing of vegan supplements, propelling the market over the forecast period.

The global vegan supplements market is expected to grow from $8.87 billion in 2022 to $9.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The global vegan supplements market size is expected to reach $13.49 billion in 2027 at a CAGR of 8.7%.

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Global Vegan Supplements Market Segments Include:

• By Product Type: Minerals, Vitamins, Protein, Other Products
• By Form: Powder, Liquid, Capsules, Bars, Other Forms
• By Distribution Channel: Hypermarket Or Supermarkets, Convenience Stores, Drug Stores And Pharmacies, Health And Wellness Stores, Online Retailing, Other Distribution Channels
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global vegan supplements market in 2021.

Major Market Players in the vegan supplements market include Aloha Inc., Amway Corp., Deva Nutrition LLC, DuPont, HTC Health, Jarrow Formulas Inc., Nestlé S.A., Nutrazee, PepsiCo, Kerry Group PLC, Danone S.A., Bhu Foods, Vitamin Energy.

Product innovation is a crucial trend that is gaining traction in the vegan supplement market. Major companies in the vegan supplement market are focusing on developing unique products to increase their market position. For example, Vital Nutrients, a US-based firm that produces and markets nutraceuticals, will launch Ultra Pure Vegan Omega SPM+ in August 2022. Ultra Pure Vegan Omega SPM+ is a ground breaking vegan algae omega composition in a 40% smaller pill than normal fish oils for improved patient compliance. The first and only plant-based omega-3 fatty acid composition with clinically substantial amounts of active SPMs may help treat inflammatory diseases up to five times more effectively than omega-3s alone. The supplement also contains 390 mg of DHA, which aids in immune system function and heart health. It also improves optimal cognitive and neurological system function.

The Vegan Supplements Global Market Report 2023  provides a vegan supplements market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The vegan supplements market forecast analyzes vegan supplements market size, vegan supplements market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Vegan supplements are those that do not contain any animal byproducts or ingredients. They are derived from natural sources, and plant-based supplements are less likely to trigger allergies or adverse effects.

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