The United States vegan supplements market is expected to register a CAGR of 7.60% during the forecast period of 2022 to 2028. There is a growing demand for sports nutrition products, particularly among working professionals, for maintaining muscular strength. Also, appealing internet campaigns and innovative product developments by market players are estimated to increase the demand for nutraceutical products, especially dietary supplements. Such factors offer growth opportunities for vegan supplements.
UNITED STATES VEGAN SUPPLEMENTS MARKET FORECAST 2022-2028
United States Vegan Supplements Market by Product (Protein, Vitamins, Minerals, Other Products) Market by Distribution Channel (Pharmacy, Specialty Stores, Hypermarket, Online Stores) Market by Form (Capsules & Tablets Form, Powder Form, Other Forms)
The United States vegan supplements market is expected to register a CAGR of 7.60% during the forecast period of 2022 to 2028. There is a growing demand for sports nutrition products, particularly among working professionals, for maintaining muscular strength. Also, appealing internet campaigns and innovative product developments by market players are estimated to increase the demand for nutraceutical products, especially dietary supplements. Such factors offer growth opportunities for vegan supplements.
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Vegan diets lack certain nutrients like iron, calcium, and vitamin B12. These are majorly present in animal products. As a result, supplements become necessary to fulfill the lack of these nutrients. Additionally, dietary supplements are in demand, given the growing preference for preventive health management practices. This is majorly due to the rising burden of lifestyle diseases and increasing healthcare costs.
Further, vegan diets comprise plant-based ingredients. Also, Americans prefer plant-based milk over dairy due to its high nutritional value, vitamins, and omega-3 fatty acid. Moreover, the United States’ population is shifting towards plant-based foods since plant-based products are more digestible than animal-based food.
Amway Corporation offers varied consumer products, beauty products, nutrition supplements, foods and beverages, etc. The product portfolio includes dietary supplements, weight management products, sports nutrition products, energy drinks, etc. It is headquartered in Ada Township, Michigan, United States, with operations in Southeast Asia, the Americas, Korea, China, Australia, Japan, and Europe.
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- RESEARCH SCOPE & METHODOLOGY
- STUDY OBJECTIVES
- SCOPE OF STUDY
- METHODOLOGY
- ASSUMPTIONS & LIMITATIONS
- EXECUTIVE SUMMARY
- MARKET SIZE & ESTIMATES
- COUNTRY SNAPSHOT
- COUNTRY ANALYSIS
- KEY GROWTH ENABLERS
- KEY CHALLENGES
- KEY ANALYTICS
- IMPACT OF COVID-19 ON VEGAN SUPPLEMENTS MARKET
- KEY MARKET TRENDS
- PORTER’S FIVE FORCES ANALYSIS
- BUYERS POWER
- SUPPLIERS POWER
- SUBSTITUTION
- NEW ENTRANTS
- INDUSTRY RIVALRY
- OPPORTUNITY MATRIX
- VENDOR LANDSCAPE
- MARKET BY PRODUCT
- PROTEIN
- VITAMINS
- MINERALS
- OTHER PRODUCTS
- MARKET BY DISTRIBUTION CHANNEL
- PHARMACY
- SPECIALTY STORES
- HYPERMARKET
- ONLINE STORES
- MARKET BY FORM
- CAPSULES & TABLETS FORM
- POWDER FORM
- OTHER FORMS
- COMPETITIVE LANDSCAPE
- KEY STRATEGIC DEVELOPMENTS
- MERGERS & ACQUISITIONS
- PRODUCT LAUNCHES & DEVELOPMENTS
- PARTNERSHIPS & AGREEMENTS
- BUSINESS EXPANSIONS
- COMPANY PROFILES
- AMWAY
- ARCHER DANIELS MIDLAND COMPANY
- COUNTRY LIFE
- DUPONT INC
- GLANBIA PLC
- GNC HOLDINGS
- HERBALIFE LTD
- KERRY GROUP
- NESTLE
- NUGO NUTRITION
- KEY STRATEGIC DEVELOPMENTS
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT – VEGAN SUPPLEMENTS
TABLE 2: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 3: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY PRODUCT, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 4: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY FORM, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 5: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY FORM, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 6: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)
TABLE 7: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2022-2028 (IN $ MILLION)
TABLE 8: LIST OF MERGERS & ACQUISITIONS
TABLE 9: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 10: LIST OF PARTNERSHIPS, CONTRACTS/AGREEMENTS & COLLABORATIONS
TABLE 11: LIST OF BUSINESS EXPANSIONS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER’S FIVE FORCES ANALYSIS
FIGURE 3: OPPORTUNITY MATRIX
FIGURE 4: VENDOR LANDSCAPE
FIGURE 5: UNITED STATES VEGAN SUPPLEMENTS MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021
FIGURE 6: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY PROTEIN, 2022-2028 (IN $ MILLION)
FIGURE 7: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY VITAMINS, 2022-2028 (IN $ MILLION)
FIGURE 8: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY MINERALS, 2022-2028 (IN $ MILLION)
FIGURE 9: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY OTHER PRODUCTS, 2022-2028 (IN $ MILLION)
FIGURE 10: UNITED STATES VEGAN SUPPLEMENTS MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2021
FIGURE 11: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY PHARMACY, 2022-2028 (IN $ MILLION)
FIGURE 12: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY SPECIALTY STORES, 2022-2028 (IN $ MILLION)
FIGURE 13: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY HYPERMARKET, 2022-2028 (IN $ MILLION)
FIGURE 14: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY ONLINE STORES, 2022-2028 (IN $ MILLION)
FIGURE 15: UNITED STATES VEGAN SUPPLEMENTS MARKET, GROWTH POTENTIAL, BY FORM, IN 2021
FIGURE 16: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY CAPSULES & TABLETS FORM, 2022-2028 (IN $ MILLION)
FIGURE 17: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY POWDER FORM, 2022-2028 (IN $ MILLION)
FIGURE 18: UNITED STATES VEGAN SUPPLEMENTS MARKET, BY OTHER FORMS, 2022-2028 (IN $ MILLION)
- MARKET BY PRODUCT
- PROTEIN
- VITAMINS
- MINERALS
- OTHER PRODUCTS
- MARKET BY DISTRIBUTION CHANNEL
- PHARMACY
- SPECIALTY STORES
- HYPERMARKET
- ONLINE STORES
- MARKET BY FORM
- CAPSULES & TABLETS FORM
- POWDER FORM
- OTHER FORMS
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