Vegan Supplements Market: Trends, Opportunities, and Key Players

WILMINGTON, NEW CASTLE, DELAWARE 19801 USA, UNITED STATES, May 8, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Vegan Supplements Market by Product Type (Minerals, Vitamins, Protein, and Others), Form (Capsules/Tablets, Powder, and Others), and Distribution Channel (Hypermarket/Supermarket, Specialty Stores, Pharmacies/Drug Stores, and Online Sales Channel): Global Opportunity Analysis and Industry Forecast, 2021–2028." According to the report, the global vegan supplements industry generated $6.30 billion in 2019, and is estimated to reach $13.59 billion by 2028, witnessing a CAGR of 6.9% from 2021 to 2028.

𝐀𝐜𝐜𝐞𝐬𝐬 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲: https://www.alliedmarketresearch.com/request-sample/11753

𝑭𝒖𝒆𝒍𝒍𝒊𝒏𝒈 𝑨𝒕𝒉𝒍𝒆𝒕𝒊𝒄 𝑬𝒙𝒄𝒆𝒍𝒍𝒆𝒏𝒄𝒆 𝒘𝒊𝒕𝒉 𝑽𝒆𝒈𝒂𝒏 𝑺𝒖𝒑𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒔

The allure of vegan supplements extends far beyond the health-conscious demographic, captivating the hearts and minds of athletes and fitness aficionados worldwide. Renowned sports icons like David Haye and Venus Williams have championed the adoption of vegan supplements, attributing their endurance and vitality to these plant-powered formulations. With a growing cohort of athletes and bodybuilders making the switch, it's evident that vegan supplements are revolutionizing the fitness landscape.

𝗧𝗵𝗲 𝗠𝗮𝗷𝗼𝗿 𝗣𝗹𝗮𝘆𝗲𝗿𝘀 𝗶𝗻 𝘁𝗵𝗲 𝗮𝗿𝗲:

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

𝑫𝒓𝒊𝒗𝒊𝒏𝒈 𝑭𝒐𝒓𝒄𝒆𝒔: 𝑰𝒏𝒏𝒐𝒗𝒂𝒕𝒊𝒐𝒏 𝒂𝒏𝒅 𝑬𝒙𝒑𝒂𝒏𝒔𝒊𝒐𝒏

Behind the scenes, major industry players are orchestrating strategic manoeuvres to fortify their positions in the burgeoning vegan supplements market. The likes of PepsiCo, Inc. and Nestle S.A. have embarked on acquisition sprees, integrating niche nutritional companies like Health Warrior, Inc. and Garden of Life Company into their expansive portfolios. This wave of mergers and acquisitions not only amplifies production capabilities but also enriches consumer choices, propelling market growth to unprecedented heights.

𝐆𝐞𝐭 𝐑𝐞𝐩𝐨𝐫𝐭 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝: https://www.alliedmarketresearch.com/request-for-customization/11753

Therefore, this is anticipated to propel the growth of the vegan supplements market in the future. However, the rise in the consumption of vegan supplements has simultaneously led to increase in the influx of fake and counterfeit supplements into the market. Moreover, counterfeiting refers to fake branding and sale of non-authorized products and signifies a great challenge for the real vendors of vegan supplements.

Counterfeit brands are usually prevalent in the developing economies where customers are highly price-sensitive. Counterfeit brands are of low quality, and often lead to inconvenience & safety issues that subsequently develop negative perceptions among customers. Online distribution channel is one of the major platforms where transaction of counterfeited brands can be easily concealed. Thus, development of the counterfeited industry is anticipated to hamper the sale of the existing original vegan supplement brands in the market.

𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞: https://www.alliedmarketresearch.com/connect-to-analyst/A11388

𝑻𝒉𝒆 𝑷𝒂𝒏𝒅𝒆𝒎𝒊𝒄 𝑷𝒂𝒓𝒂𝒅𝒊𝒈𝒎: 𝑾𝒆𝒍𝒍𝒏𝒆𝒔𝒔 𝒊𝒏 𝒕𝒉𝒆 𝑺𝒑𝒐𝒕𝒍𝒊𝒈𝒉𝒕

In the wake of the COVID-19 pandemic, consumers are reevaluating their dietary habits and prioritizing immunity-boosting solutions. Vegan supplements have emerged as a beacon of hope, with a growing belief in their ability to fortify the body's defenses against infectious threats. This heightened awareness has sparked a surge in adoption, further accelerating market growth amidst unprecedented times.

𝐁𝐮𝐲 𝐍𝐨𝐰 𝐭𝐡𝐞 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭: https://www.alliedmarketresearch.com/checkout-final/3575260022396c5aafd24a33f7f88d22

𝗞𝗲𝘆 𝗙𝗶𝗻𝗱𝗶𝗻𝗴𝘀 𝗼𝗳 𝗧𝗵𝗲 𝗦𝘁𝘂𝗱𝘆

• By product type, the protein segment dominated the global market in 2019, and is expected to retain its dominance throughout the vegan supplements market forecast period.

• By form, the powder segment led the global vegan supplements market demand in 2019 and is expected to retain its dominance throughout the forecast period.

• By distribution channel, the pharmacies/drug stores segment dominated the global market in 2019 and is expected to retain its dominance throughout the forecast period.  

• By region, North America accounted for highest vegan supplements market share in 2019 and is expected to grow at a CAGR of 5.3%. 

𝗦𝗶𝗺𝗶𝗹𝗮𝗿 𝗥𝗲𝗽𝗼𝗿𝘁𝘀:

🔹Vegan Supplements Market- https://www.einpresswire.com/article/709501947/emergency-food-market-trends-toward-6-1-billion-milestone-market-size-share-growth

🔹Shrimp Market- https://www.einpresswire.com/article/709488382/precision-fermentation-market-targets-34-9-billion-by-2031-global-opportunity-analysis-and-industry-forecast

🔹Mango Butter Market- https://www.openpr.com/news/3487379/non-alcoholic-spirits-market-trends-towards-642-4-million

🔹Meat Snacks Market- https://www.openpr.com/news/3487118/food-processing-machinery-market-to-witness-93-737-1-million

🔹Organic Dairy Food and Drinks Market- https://www.openpr.com/news/3487042/

🔹Frozen Vegetables Market- https://www.einpresswire.com/article/709495185/food-authenticity-market-hits-10-billion-projection-global-opportunity-analysis-and-industry-forecast-period-2021-2030

𝗔𝗯𝗼𝘂𝘁 𝗨𝘀

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

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