DUBLIN–(BUSINESS WIRE)–The report “Vegan Supplements Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” has been added to from ResearchAndMarkets.com offer.
The global vegan supplements market reached a value of US$6.97 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$10.88 billion. by 2027, posting a CAGR of 7.7% in 2021-2027.
- Aloha inc.
- Amway Corp.
- Deva Nutrition LLC
- DuPont de Nemours Inc.
- Eversea Inc.
- HTC Health
- Jarrow Formulas Inc.
- Nestlé SA
- NOW Food
- Ora Organic
- PepsiCo Inc.
Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic on different end-use sectors. This information is included in the report as a major market contributor.
Veganism is a practice of abstaining from the use of animal by-products, such as milk, eggs, or meat. Vegan supplements refer to additional nutrients derived from plant sources to meet the nutritional needs of the human body. Generally consumed by the vegan population, they are rich in iron, calcium, vitamins B12 and D, iron, zinc, iodine, omega-3 fatty acids and proteins.
Vegan supplements are usually available in pills, capsules, gummies, powders, tablets, and liquid forms. Compared to non-vegan supplements, they have a lower carbon footprint and are more environmentally sustainable while providing the same dosage and quality of underlying nutrients. Apart from this, they help ensure proper nutrient intake, improve cognitive abilities, provide better sports performance, manage weight and boost immunity.
The significant growth in the vegan population due to health concerns, environmental impact, and animal welfare is creating a positive outlook for the market. This is further supported by the increasing cases of various lifestyle-related diseases and the shifting consumer inclination towards a healthier lifestyle.
Apart from this, the continuous innovations of products in various flavor profiles, such as vanilla, chocolate, berry, and others, are giving impetus to the growth of the market. Additionally, growing awareness of the benefits associated with vegan supplements and increasing demand for energy-rich and clean-label offerings are positively impacting the growth of the market.
Additionally, the extensive application of the product in sports nutrition as a good source of dietary fiber to minimize the risk of inflammation and improve cholesterol levels, blood viscosity and arterial flexibility acts as another growth inducing factor. . Furthermore, the widespread adoption of vegan supplement powder with improved shelf life, increasing consumer spending capabilities, and easy product availability on e-commerce platforms are expected to drive the market towards growth.
Answers to key questions in this report:
- How has the global vegan supplements market behaved so far and how will it behave in the years to come?
- What has been the impact of COVID-19 on the global vegan supplements market?
- What are the main regional markets?
- What is the market breakdown by product type?
- What is the market breakdown by shape?
- What is the market breakdown by distribution channel?
- What are the different stages of the industry value chain?
- What are the key drivers and challenges in the industry?
- What is the structure of the global vegan supplements market and who are the key players?
- How competitive is the industry?
Main topics covered:
2 Scope and methodology
3 Executive Summary
4.2 Key Industry Trends
5 Global Vegan Supplements Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakdown by Product Type
7 Market Breakdown by Form
8 Market Breakdown by Distribution Channel
9 Market Breakdown by Region
10 SWOT Analysis
11 Value chain analysis
12 Analysis of the five forces of carriers
13 Price Analysis
14 Competitive Landscape
14.1 Market structure
14.2 Major Players
14.3 Profiles of Key Players
For more information about this report, visit https://www.researchandmarkets.com/r/c9pxfl
Laura Wood, Senior Press Officer
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