Vegan Supplement Market: Current Analysis and Forecast (2021-2027)

Region:Global

Author(s):

Product Code:UMCG21404

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Published on

September 2021

Total pages

206

Table of Content

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About the Report

About the Report

Due to the rise in health concerns coupled with rising food-related disorders, consumers are shifting towards a healthier lifestyle and turning towards vegan diets. Moreover, the rise in usage in sports nutrition drives the growth of the vegan supplements market.

However, some of the restraints in the market are counterfeit dietary products and a challenging regulatory environment.

Based on Product Type, the market is fragmented into Minerals, Vitamins, Proteins, and Others. The Proteins segment dominated the market in 2020 owing to its several benefits in digestion and cardiovascular health improvement, and the elimination of antibiotics and hormones from the diet. However, the Mineral segment is expected to grow at lucrative during the forecasted period due to several health benefits such as DNA production, detoxification, cellular function, and production of glutathione along with its role in blood pressure regulation.

Based on Form, the market is fragmented into Capsules/Tablets, Powder, and Others. The Capsules/Tablets segment dominated the market in 2020 owing to ease in swallowing, ease to carry, and economical. However, the Powder form is expected to grow at lucrative during the forecasted period owing to easy production, cost-benefits to consumers. Moreover, the vegan supplements in powder form are 100% vegan, dairy-free, soy-free, which is mainly used as a meal replacement.

Based on Distribution Channel, the market is fragmented into Hypermarket/Supermarket, Specialty Stores, Pharmacies/Drug Stores, and Online Sales channels. The Pharmacies/Drug Stores segment holds the largest share in 2020 and is expected to register the highest CAGR in the upcoming period owing to the personalized services, ease of availability, and professional guidance.

For a better understanding of the market adoption of Vegan Supplement, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. North America will dominate the Vegan Supplement market on account of the improved lifestyle, increase in purchasing power, and surge in vegan population. Some of the major players operating in the market include Aloha, BHU Foods, Danone S.A., Jarrow Formulas, Inc., Kerry Group, PLC, Kikkoman Corporation, Nestle S.A., NuGo Nutrition, Nutrazee, and PepsiCo, Inc. Several M&As along with partnerships have been undertaken by these players to boost their presence in different regions.

Products


Companies

Aloha, BHU Foods, Danone S.A., Jarrow Formulas, Inc., Kerry Group, PLC, Kikkoman Corporation, Nestle S.A., NuGo Nutrition, Nutrazee, and PepsiCo, Inc.

Table of Contents

Table of Contents

1 MARKET INTRODUCTION

1.1. Market Definitions

1.2. Objective of the Study

1.3. Limitation

1.4. Stake Holders

1.5. Currency Used in Report

1.6. Scope of the Global Vegan Supplement Market Study

2 RESEARCH METHODOLOGY OR ASSUMPTION

2.1. Research Methodology for the Global Vegan Supplement Market

2.1.1. Main Objective of the Global Vegan Supplement Market

3 MARKET SYNOPSIS

4 EXECUTIVE SUMMARY

5 COVID-19 IMPACT

6 GLOBAL VEGAN SUPPLEMENT MARKET REVENUE (USD MN), 2019-2027F

7 MARKET INSIGHTS BY PRODUCT TYPE

7.1. Minerals

7.2. Vitamins

7.3. Proteins

7.4. Others

8 MARKET INSIGHTS BY FORM

8.1. Capsules/Tablets

8.2. Powder

8.3. Others

9 MARKET INSIGHTS BY DISTRIBUTION CHANNEL

9.1. Hypermarket/Supermarket

9.2. Specialty Stores

9.3. Pharmacies/Drug Stores

9.4. Online Sales Channel

10 MARKET INSIGHTS BY REGION

10.1. North America Vegan Supplement Market

10.1.1. United States

10.1.2. Canada

10.1.3. Rest of North America

10.2. Europe Vegan Supplement Market

10.2.1. Germany

10.2.2. United Kingdom

10.2.3. France

10.2.4. Spain

10.2.5. Rest of Europe

10.3. Asia Pacific Vegan Supplement Market

10.3.1. China

10.3.2. Japan

10.3.3. India

10.3.4. Australia

10.3.5. Rest of Asia Pacific

10.4. Rest of the World Vegan Supplement Market

11 DEMAND AND SUPPLY SIDE ANALYSIS

11.1. Demand Side Analysis

11.2. Supply Side Analysis

11.2.1. Top Product Launches

11.2.2. Top Business Partnerships

11.2.3. Top Business Expansions, Investments and Divestitures

11.2.4. Top Merger and Acquisitions

12 VALUE CHAIN ANALYSIS

13 GLOBAL VEGAN SUPPLEMENT MARKET TRENDS & INSIGHTS

14 GLOBAL VEGAN SUPPLEMENT MARKET DYNAMICS

14.1. Market Drivers

14.2. Market Challenges

14.3. Impact Analysis

15 GLOBAL VEGAN SUPPLEMENT MARKET OPPORTUNITIES

16 COMPETITIVE SCENARIO

16.1. Porter's Five Forces Analysis

16.1.1. Bargaining power of Supplier

16.1.2. Bargaining power of Buyer

16.1.3. Industry Rivalry

16.1.4. Availability of Substitute

16.1.5. Threat of new Entrants

16.2. Competitive Landscape

16.2.1. Company Shares, By Revenue

17 COMPANY PROFILED

17.1. Aloha

17.2. BHU Foods

17.3. Danone S.A.

17.4. Jarrow Formulas, Inc.

17.5. Kerry Group, PLC

17.6. Kikkoman Corporation

17.7. Nestle S.A.

17.8. NuGo Nutrition

17.9. Nutrazee

17.10. PepsiCo, Inc.

18 DISCLAIMER

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