Market Overview

The Global Vegan Supplements Market was valued at USD 7,819.3 million in 2023 and is expected to reach USD 13,334.9 million by 2031 while growing at a CAGR of 6.9% during the forecast period (2024-2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Market Dynamics

This section of the report will analyze various driving and restraining factors that are expected to have a significant impact on the global vegan supplements market growth. Vegan supplements are tailored for those following a vegan lifestyle, excluding animal-derived products. Formulated to offer essential vitamins and minerals challenging to obtain solely from plant-based diets, these supplements support the nutritional needs of individuals avoiding animal products for ethical, environmental, or health reasons.

Increasing adoption of vegan lifestyles and growing health and wellness awareness are driving the growth of the vegan supplements market. However, obstacles such as limited product awareness and perceived lack of nutrients in vegan diets may hinder market expansion.

Furthermore, the global vegan supplements industry will be analyzed through various tools including PESTLE analysis, and Porter’s analysis.

Segmentation – By Product Type Analysis

The Global Vegan Supplements Market is segmented among Vitamins, Minerals, Protein, Omega Supplement, and Other Vegan Supplements, based on Product Type. In 2023, Protein accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Segmentation – By Form Analysis

The Global Vegan Supplements Market is segmented among Powder, Capsules, and Others, based on Type. In 2023, Capsules accounted for the majority of the market share*.

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Global Vegan Supplements Market: Regional Analysis

Based on region, the market is divided into six regions including North America, Europe, Asia Pacific, Latin America, Middle East, and Africa. In 2023, North America dominated the market with the highest market share, while Europe is expected to grow with the highest CAGR during the forecast period (2024 – 2031).

*Note: Graph is shown for illustrative purposes only; complete datasets will be provided in the full report

Competitive Landscape

Some of the key players operating in the market are Holland & Barrett, Sylphar N.V. (Nutravita), Swisse Wellness PTY LTD, Garden of Life, Now Health Group, Inc., Herba Life Nutritions, Vital Nutrients, Vanatari International GmbH, Biosteel Sports Nutrition, and Ora Organic.

Table of Contents:

1. Research Methodology and Market Scope

• Research Methodology

• Market Scope

2. Executive Summary

3. Global Vegan Supplements Market Dynamics

• Drivers

• Restraints

• Opportunity

4. Global Vegan Supplements Industry Analysis

• PEST Analysis

• Porter's Five Force Analysis

• Recent Deals Analysis

5. Global Vegan Supplements Market Segmentation, By Product Type

• Global Vegan Supplements Market Share Analysis, By Product Type

• Global Vegan Supplements Market Growth Analysis, By Product Type

• Global Vegan Supplements Market Trends, By Product Type

o Vitamins

o Minerals

o Protein

o Omega Supplement

o Other Vegan Supplements

6. Global Vegan Supplements Market Segmentation, By Form

• Global Vegan Supplements Market Share Analysis, By Form

• Global Vegan Supplements Market Growth Analysis, By Form

• Global Vegan Supplements Market Trends, By Form

o Powder

o Capsules

o Others

7. Global Vegan Supplements Market Segmentation, By Distribution Channel

• Global Vegan Supplements Market Share Analysis, By Distribution Channel

• Global Vegan Supplements Market Growth Analysis, By Distribution Channel

• Global Vegan Supplements Market Trends, By Distribution Channel

o Supermarkets/Hypermarkets

o Pharmacies/Drug Stores

o Online Retail Stores

o Other Distribution Channels

8. Global Vegan Supplements Market Segmentation, By Region

• Global Vegan Supplements Market Share Analysis, By Region

• Global Vegan Supplements Market Growth Analysis, By Region

• Global Vegan Supplements Market Trends, By Region

o North America

o Europe

o Asia Pacific

o Latin America

o Middle East

o Africa

9. Competitive Landscape

• Holland & Barrett*

o Company Overview

o Financial Performance

o Key Development/Strategies

o SWOT Analysis

• Sylphar N.V. (Nutravita)

• Swisse Wellness PTY LTD

• Garden of Life

• Now Health Group, Inc.

• Herba Life Nutritions

• Vital Nutrients

• Vanatari International GmbH

• Biosteel Sports Nutrition

• Ora Organic  

 *Similar analysis will be provided for each company listed above.