Vegan Supplements Market: Trends, Opportunities, and Key Players
Vegan Supplements Market
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, 2021โ2028." 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.
๐๐๐๐๐ฌ๐ฌ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ: https://www.alliedmarketresearch.com/request-sample/11753
๐ญ๐๐๐๐๐๐๐ ๐จ๐๐๐๐๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐๐ ๐๐๐๐ ๐ฝ๐๐๐๐ ๐บ๐๐๐๐๐๐๐๐๐๐
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.
๐ง๐ต๐ฒ ๐ ๐ฎ๐ท๐ผ๐ฟ ๐ฃ๐น๐ฎ๐๐ฒ๐ฟ๐ ๐ถ๐ป ๐๐ต๐ฒ ๐ฎ๐ฟ๐ฒ:
โข Aloha
โข Bhu Foods
โข Danone S.A.
โข Jarrow Formulas, Inc.
โข Kerry Group, PLC
โข Kikkoman Corporation
โข Nestle S.A.
โข NuGo Nutrition
โข Nutrazee PepsiCo
โข PepsiCo, Inc.
๐ซ๐๐๐๐๐๐ ๐ญ๐๐๐๐๐: ๐ฐ๐๐๐๐๐๐๐๐๐ ๐๐๐ ๐ฌ๐๐๐๐๐๐๐๐
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.
๐๐๐ญ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐: 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.
๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐: https://www.alliedmarketresearch.com/connect-to-analyst/A11388
๐ป๐๐ ๐ท๐๐๐ ๐๐๐๐ ๐ท๐๐๐๐ ๐๐๐: ๐พ๐๐๐๐๐๐๐ ๐๐ ๐๐๐ ๐บ๐๐๐๐๐๐๐๐
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.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/3575260022396c5aafd24a33f7f88d22
๐๐ฒ๐ ๐๐ถ๐ป๐ฑ๐ถ๐ป๐ด๐ ๐ผ๐ณ ๐ง๐ต๐ฒ ๐ฆ๐๐๐ฑ๐
โข 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.
โข 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.
โข 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. โฏ
โข By region, North America accounted for highest vegan supplements market share in 2019 and is expected to grow at a CAGR of 5.3%.โฏ
๐ฆ๐ถ๐บ๐ถ๐น๐ฎ๐ฟ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐๐:
๐นVegan Supplements Market- https://www.einpresswire.com/article/709501947/emergency-food-market-trends-toward-6-1-billion-milestone-market-size-share-growth
๐นShrimp Market- https://www.einpresswire.com/article/709488382/precision-fermentation-market-targets-34-9-billion-by-2031-global-opportunity-analysis-and-industry-forecast
๐นMango Butter Market- https://www.openpr.com/news/3487379/non-alcoholic-spirits-market-trends-towards-642-4-million
๐นMeat Snacks Market- https://www.openpr.com/news/3487118/food-processing-machinery-market-to-witness-93-737-1-million
๐นOrganic Dairy Food and Drinks Market- https://www.openpr.com/news/3487042/
๐นFrozen Vegetables Market- https://www.einpresswire.com/article/709495185/food-authenticity-market-hits-10-billion-projection-global-opportunity-analysis-and-industry-forecast-period-2021-2030
๐๐ฏ๐ผ๐๐ ๐จ๐
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