Vegan Supplements Market
Food And Beverages

Global Vegan Supplements Market Overview 2024: Size, Drivers, And Trends

The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033


The Business Research Company’s Vegan Supplements Global Market Report 2024 offers crucial insights into the vegan supplements market help businesses analyse and build stronger strategies.


Introduction: Understanding the Boom in Vegan Supplements

  • Market size growth from $9.66 billion in 2023 to $10.52 billion in 2024.
  • Compound annual growth rate (CAGR) of 8.8% attributed to various factors.

The Forecast: Anticipating Strong Growth Ahead

  • Expected growth to $14.86 billion in 2028 at a CAGR of 9.0%.
  • Factors contributing to forecasted growth include health trends, population shifts, and consumer preferences.

Major Trends Shaping the Market

  • Growing demand for plant-based nutrition.
  • Emphasis on sustainability and eco-friendly practices.
  • Innovation in ingredients and formulations.
  • Focus on clean label products.
  • Personalization of products to meet individual needs.

Fueling the Market: The Rise of Veganism

  • Veganism’s popularity fuels market expansion.
  • Plant-based diet preference drives demand for supplements.
  • Statistics showcasing the surge in veganism.


Read The Full Vegan Supplements Market Report Here:


Product Innovation Driving Market Dynamics

  • Companies focus on innovative products.
  • Example: Vital Nutrients’ Ultra Pure Vegan Omega SPM+.
  • Features and benefits of the product.

Market Leadership Strengthened Through Acquisitions

  • Nestlé Health Science’s acquisition of Bountiful Company core brands.
  • Expansion of portfolio and market presence.
  • Implications for the vegan supplement industry.

Segmentation of the Market

  • Product type segmentation: Minerals, Vitamins, Protein, Other Products.
  • Form segmentation: Powder, Liquid, Capsules, Bars, Other Forms.
  • Distribution channel segmentation: Hypermarket/Supermarket, Convenience Stores, Drug Stores/Pharmacies, Health/Wellness Stores, Online Retailing, Others.

Regional Dynamics: North America’s Dominance

  • North America as the largest region in the vegan supplements market in 2023.
  • Implications for regional growth and market strategies.

Conclusion: Navigating the Future of Vegan Supplements

  • The vegan supplements market poised for robust growth.
  • Key factors influencing market expansion.
  • Opportunities for companies to innovate and cater to evolving consumer preferences.


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The Vegan Supplements Global Market Report 2024  provides a comprehensive outlook of the vegan supplements market for the historic years (2010 – 2021) and ten years forecast (2023 – 2032). The vegan supplements market forecast offers a thorough analysis on vegan supplements market size, vegan supplements market share, prominent players and their strategies.


The Table Of Content For The Vegan Supplements Market Include:
1. Vegan Supplements Market Executive Summary
2. Vegan Supplements Market Segments
3. Vegan Supplements Market Size And Vegan Supplements Market Growth Rate
4. Key Vegan Supplements Market Trends
5. Major Vegan Supplements Market Drivers
25. Key Mergers And Acquisitions In The Vegan Supplements Market
26. Top Vegan Supplements Companies
27. Vegan Supplements Market Opportunities And Strategies
28. Vegan Supplements Market, Conclusions And Recommendations
29. Appendix


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