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Vegan Supplements Market 2023 - Market Growth Opportunities, Size, Industry Trends, Key Players And Forecast To 2032
Vegan Supplements Market Analysis
Vegan Supplements Market Size, Growth Rate, And Forecast
The global vegan supplements market size is expected to grow from $8.87 billion in 2022 to $9.66 billion in 2023 at a compound annual growth rate (CAGR) of 8.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global vegan supplements market size is expected to reach $13.49 billion in 2027 at a CAGR of 8.7%.
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Vegan Supplements Market Drivers
The rising popularity of veganism is expected to propel the growth of the vegan supplements market going forward. Veganism is a diet that solely consists of plant-based meals and avoids the consumption and use of animal products. Veganism's growing popularity is bolstering the vegan supplement business, as vegans use supplements for vitamins such as vitamin B12, vitamin D3, and folic acid.
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Vegan Supplements Market Segments
1) By Product Type: Minerals, Vitamins, Protein, Other Products
2) By Form: Powder, Liquid, Capsules, Bars, Other Forms
3) By Distribution Channel: Hypermarket Or Supermarkets, Convenience Stores, Drug Stores And Pharmacies, Health And Wellness Stores, Online Retailing, Other Distribution Channels
● By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the vegan supplements market.
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Vegan Supplements Market Key Players
Major competitors in the vegan supplements market include Aloha Inc., Amway Corp., Deva Nutrition LLC, DuPont, HTC Health, Jarrow Formulas Inc., Nestlé S.A., Nutrazee, PepsiCo, Kerry Group PLC.
The Business Research Company's "Global Vegan Supplements Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Vegan Supplements Market Include:
1. Executive Summary
2. Vegan Supplements Market Characteristics
3. Vegan Supplements Market Trends And Strategies
4. Vegan Supplements Market - Macro Economic Scenario
5. Vegan Supplements Market Size And Growth
....
26. Africa Vegan Supplements Market
27. Vegan Supplements Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Vegan Supplements Market
29. Vegan Supplements Market Future Outlook and Potential Analysis
30. Appendix
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