Vegan Supplements Market
Report ID: SQMIG30A2021
Report ID: SQMIG30A2021
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Report ID:
SQMIG30A2021 |
Region:
Global |
Published Date: February, 2025
Pages:
181
|Tables:
91
|Figures:
75
Vegan Supplements Market size was valued at USD 9.74 Billion in 2024 and is poised to grow from USD 10.64 Billion in 2025 to USD 21.68 Billion by 2033, growing at a CAGR of 9.3% during the forecast period (2026–2033).
Increasing health consciousness coupled with surge in popularity of veganism are expected to bolster the sales of vegan supplements over the coming years. Growing preference for sustainable and ethically sourced food products and pharmaceuticals is also estimated to boost the demand for vegan supplements going forward. High investments in the research and development of novel vegan formulations for nutritional supplements are also slated to drive the global vegan supplements market growth in the future. Increasing availability of a wide variety of vegan supplements and innovations in vegan ingredients are also anticipated to expand the application scope for vegan supplements providers. Supportive regulatory environment and growing consumer awareness regarding the benefits of veganism are also forecasted to uplift the consumption of vegan supplements in the long run. On the contrary, high costs of vegan supplements, complex formulation issues, skepticism regarding efficacy, and limited availability in developing regions are some key constraints that are slated to impede the sales of vegan supplements across the forecast period and beyond.
Market snapshot - 2026-2033
Global Market Size
USD 8.91 billion
Largest Segment
Rotary-wing Drones
Fastest Growth
Hybrid Drones
Growth Rate
9.3% CAGR
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Global Vegan Supplements Market is segmented by Ingredient, Form, Distribution Channel and region. Based on Ingredient, the market is segmented into Vitamins & Minerals, Protein Supplements, Omega Fatty Acids, Botanical Supplements and Other Ingredients. Based on Form, the market is segmented into Capsules, Tablets, Powders, Gummies, Liquids and Other Forms. Based on Distribution Channel, the market is segmented into Online Retail, Offline Retail, Specialty Stores, Pharmacies, Supermarkets/Hypermarkets and Other Channels. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Capsules are estimated to hold a major share of the global vegan supplements industry going forward. Allergen-free and non-GMO attributes coupled with their high availability make capsules form a preferred one for vegan supplement manufacturers. Easy manufacturing and quick dissolution in intestines are also expected to help promote the sales of vegan supplements in capsule form in the long run. Protection of sensitive ingredients in supplements through capsule form also helps promote its adoption. Higher rate of absorption & lower irritation to the Gastrointestinal (GI) tract from vegan capsules are also increasing their preference and demand among vegan consumers on a global level.
Meanwhile, the demand for vegan supplements in powder form is slated to rise at an impressive CAGR over the coming years. Easy break down, absorption, and processing offered by powdered vegan supplement formulations are estimated to help this segment generate new business scope in the future. Easy digestion and low potential for bloating is also expected to boost the demand for vegan supplements in powder form through 2032. The geriatric population is more likely to opt for powder form of vegan supplements as it is easier to digest and consume for them.
The offline segment is forecasted to account for a prominent chunk of the global vegan supplements market share in the future. The presence of a developed offline retail infrastructure and rising number of drug stores, hypermarkets, and supermarkets are expected to help this segment hold sway over others. Availability of a wide variety of vegan supplements and preference of consumers to check the product physically are also expected to further cement the dominance of this segment in the long run. Moreover, availability of a knowledgeable staff for support and availability of products at great discounts are also expected to help boost vegan supplement sales via offline channels across the study period.
On the other hand, the demand for vegan supplements via online channels is slated to rise at a notable pace over the coming years. The boom in e-commerce activity and rising popularity of online shopping among consumers are making this segment a highly opportune one. Growing internet penetration and improved internet access via high smartphone adoption are also predicted to favor the sales of vegan supplements via online channels going forward. Easy availability of personalized vegan supplements via online channels is also slated to help this segment generate new business scope for market players through 2032.
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The Asia-Pacific region is slated to emerge as the dominant regional market in the global vegan supplements industry. Growing awareness regarding health and wellness, surge in popularity of veganism, and high emphasis on sustainability are some key factors promoting the sales of vegan supplements in this region. Rising disposable income of people and increasing vegan population in countries such as China, Japan, and India are anticipated to boost vegan supplement demand in the Asia Pacific region going forward. Growing senescent population and high acceptance of vegan products are also estimated to cement the dominance of this region in the long run.
The demand for vegan supplements in North America is expected to rise at a steady pace over the coming years. Substantial hike in plant-based diet adoption, rising number of people opting for veganism, presence of leading vegan supplement suppliers, and a developed retail infrastructure are estimated to create new opportunities for market players in this region. Canada and the United States are forecasted to emerge as the most opportune markets for vegan supplements vendors operating in the North American region. Growing number of immigrants and rising awareness regarding ethically sourced products are also slated to impact the sales of vegan supplements in North America going forward.
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Surge in Popularity of Veganism
Demand for Sustainable and Ethical Products
Skepticism Regarding Efficacy
Complex Formulation Challenges
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Vegan supplement manufacturers are expected to focus on launching new products to stay competitive in the market. Raising awareness regarding the health benefits of vegan supplements is also slated to be a prime area of interest for market players. Targeting developing countries with rising vegan population such as India and China can also help companies maximize their sales potential going forward.
SkyQuest's ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
As per SkyQuest analysis, rising health consciousness among consumers and surging popularity of veganism are key factors promoting the demand for vegan supplements. However, complex formulation challenges and skepticism regarding efficacy are expected to hamper sales of vegan supplements in the future. The Asia Pacific region is slated to spearhead the demand for vegan supplements owing to rising number of vegans and growing awareness regarding health and wellness in countries such as Japan, India, and China. Demand for personalized nutrition and targeting emerging countries can help vegan supplement companies maximize their business scope in the long run.
| Report Metric | Details |
|---|---|
| Market size value in 2024 | USD 9.74 Billion |
| Market size value in 2033 | USD 21.68 Billion |
| Growth Rate | 9.3% |
| Base year | 2024 |
| Forecast period | 2026-2033 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
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| Customization scope | Free report customization with purchase. Customization includes:-
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Table Of Content
Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
Methodology
For the Vegan Supplements Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Vegan Supplements Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Vegan Supplements Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Vegan Supplements Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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