Global Vegan Supplements Market to Reach USD 14.2 Billion by 2033, Propelled by Increasing Adoption of Veganism

November 20, 2024 | Food & Beverages

According to the latest report by IMARC Group, titled “Vegan Supplements Market Report by Product Type (Protein, Minerals, Vitamins, and Others), Form (Powder, Capsules/Tablets, and Others), Distribution Channel (Pharmacies/Drug Stores, Supermarkets and Hypermarkets, Specialty Stores, Online Stores), and Region 2025-2033”, the global vegan supplements market size reached USD 8.5 Billion in 2024. Vegan supplements are additional health-food supplies derived from plant-based sources that meet the body's nutritional requirements. Typically available in pills, capsules, gummies, powders, tablets, and liquid forms, these supplements contain iron, calcium, vitamins B12 and D, iron, zinc, iodine, omega-3 fatty acids, and proteins. In general, vegans consume these products as they allow them to abstain from consuming animal by-products for meeting their dietary requirements. These supplements have a lower carbon footprint and are more eco-friendly while providing the same quality and dosage of nutrients as conventional foods. Besides promoting proper nutrition, they also augment cognitive abilities, enhance athletic performance, improve weight management, and boost immunity.

Global Vegan Supplements Market Trends:

The global market is primarily driven by the augmenting adoption of veganism among the masses. This can be attributed to the rising health and environmental concerns, along with the escalating focus on animal welfare. In addition to this, the increasing prevalence of numerous lifestyle diseases is resulting in a paradigm shift of consumer focus towards a healthier lifestyle, thereby fueling the market growth. Moreover, the widespread adoption of natural, energy-rich, clean-label products is leading to a higher uptake of vegan supplements on the global level. Continual product innovations, such as the launch of products with extended shelf life, diverse flavor profiles, and medicinal qualities, are further creating a positive outlook for the market. Some of the other factors providing an impetus to the market include the rising applications of vegan supplements in sports nutrition, the growing geriatric population, inflating disposable income levels of the masses, extensive research and development (R&D) activities, and easy product availability via online and offline organized retail channels. On account of the aforementioned factors, the market is anticipated to reach a value of USD 14.2 Billion by 2033, exhibiting a CAGR of 5.82% during 2025-2033.

Market Summary:

Based on the product type, the market has been segmented into protein, minerals, vitamins, and others.
On the basis of the form, the market has been divided into powder, capsules/tablets and others.
Based on the distribution channels, the market has been categorized as pharmacies/drug stores, supermarkets and hypermarkets, specialty stores, and online stores.
On the geographical front, the market has been segregated into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Aloha Inc., Amway Corp., Deva Nutrition LLC, DuPont de Nemours Inc., Eversea Inc., HTC Health, Jarrow Formulas Inc., Nestlé S.A., NOW Foods, Nutrazee, Ora Organic, and PepsiCo Inc.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Billion USD
Segment Coverage	Product Type, Form, Distribution Channel, Region
Region Covered	Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered	United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered	Aloha Inc., Amway Corp., Deva Nutrition LLC, DuPont de Nemours Inc., Eversea Inc., HTC Health, Jarrow Formulas Inc., Nestlé S.A., NOW Foods, Nutrazee, Ora Organic and PepsiCo Inc.
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Vegan Supplements Market to Reach USD 14.2 Billion by 2033, Propelled by Increasing Adoption of Veganism

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