December 2021, Market Research Future has published a Report on the Global Vegan Supplements Market.
Vegan Supplements Market Hightlights
Global Vegan Supplements Market size is projected to be valued at USD 13,598.7 Million by 2028 at a CAGR of 6.9% between 2021 and 2028. Vegan supplements come in several types, which include vitamins, minerals, amino acids and proteins, and blends. Vegan supplements enhance body functions by adding to the nutrition derived from the regular diet. They contain multiple nutrients. North America and Europe are witnessing a growing demand for vegan supplements. The key players in the market have been responsive to shifting consumer preferences and are focused on strategic acquisitions, product launches, and partnerships. For instance, in 2017, Jarrow Formulas announced the release of new vegan vitamin D3 products. All the factors are anticipated to create substantial growth opportunities for the global vegan supplements market.
Market USP
Increase in consumer preference shifting from synthetic food to natural vegan-based diets
Growth Opportunities in the Market
High investment in R&D: Manufacturers invest in research & technology development and investigative activities to improve existing products and procedures and develop new products. For instance, Jarrow Formula’s is focusing on the R&D of new vegan vitamin products. Numerous research studies and analyses have been done in the field already. Research & development will lead to the formulation of new vegan supplement products with improved quality and functionality by including better formulation.
Non-Store-Based Distribution Channels Gaining Popularity Across the Globe: The non-store-based segment is projected to register a higher growth rate during the forecast period. Manufacturers of vegan supplements are inclined toward non-store-based distribution channels for the sale of their products. Companies are opting for online distribution platforms as they want to extend their consumer reach.
Key Players
- Jarrow Formulas (US)
- Solgar Inc. (US)
- Deva Nutrition LLC (US)
- Natrol (US)
- NOW Foods (US)
- Garden of Life LLC (US)
- Pure Encapsulations (US)
- HTC Health (UK)
- Ora Organic (US)
Leading companies partner with us for data-driven Insights
Kindly complete the form below to receive a free sample of this Report
Base Year | 2021 |
Companies Covered | 15 |
Pages | 90 |
Certified Global Research Member
Why Choose Market Research Future?
- Vigorous research methodologies for specific market.
- Knowledge partners across the globe
- Large network of partner consultants.
- Ever-increasing/ Escalating data base with quarterly monitoring of various markets
- Trusted by fortune 500 companies/startups/ universities/organizations
- Large database of 5000+ markets reports.
- Effective and prompt pre- and post-sales support.
Tailored for You
- Dedicated Research on any specifics segment or region.
- Focused Research on specific players in the market.
- Custom Report based only on your requirements.
- Flexibility to add or subtract any chapter in the study.
- Historic data from 2014 and forecasts outlook till 2040.
- Flexibility of providing data/insights in formats (PDF, PPT, Excel).
- Provide cross segmentation in applicable scenario/markets.