Global Vegan Supplements Market to reach USD 7.5 billion by 2027.
Global Vegan Supplements Market is valued approximately at USD 5.33 Billion in 2020 and is anticipated to grow with a healthy growth rate of more than 5% over the forecast period 2021-2027. The vegan supplements have become popular among the young population due to the health benefits provided by them. The global Vegan Supplements market is being driven by growing vegan population around the world. For instance: according to the sentientmedia.org, there has been an increase of 300% in vegan population between 2004 and 2019 in U.S.. Also, according to the foodrevolution.org, the vegan population in United Kingdom has increased by 350%, from 2010. Another driving factor for the market growth is the rise in chronic diseases such as diabetes, hypertension and others. For instance: according to the World Health Organization, in 2019, around 1.5 million deaths were directly caused by diabetes. Vegan supplements are beneficial in reducing the causes of these diseases. Furthermore, the rising awareness about animal cruelty, positive influence of social media and less harm caused to the environment due to its production & consumption, will provide new opportunities for the global Vegan Supplements industry. However, high prices of these products and lack of awareness about vegan products may impede market growth over the forecast period of 2021-2027.

The regional analysis is segmented on the basis of the key regions such as Asia Pacific, North America, Europe, Latin America, and Rest of the World for the global Vegan Supplements Market. Europe is the leading region across the world in terms of market share and is also anticipated to exhibit the highest CAGR over the forecast period 2021-2027 due to growing veganism among the population, presence of major companies, rising research & development activities, awareness about the preventive care among people and enhanced standards of living have stimulated product demand in the region.

Major market player included in this report are:
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)
Pepsico inc.

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Product Type:
Vitamins
Minerals
Amino Acids & Proteins
Blends
Others
By Form:
Tablets
Capsules & Soft Gels
Powders
Gummies
Others
By Distribution Channel:
Store-Based
Non-Store-Based


By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year - 2018, 2019
Base year - 2020
Forecast period - 2021 to 2027.

Target Audience of the Global Vegan Supplements Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors