Vegan Supplements Market size In North America to grow by USD 768.62 Million from 2021 - 2026 | The increasing demand for natural products drives market - Technavio
NEW YORK, Aug. 29, 2023 /PRNewswire/ -- The Vegan Supplements Market in North America size is expected to increase by USD 768.62 million, at a CAGR of 7.75% from 2021 to 2026. The market is segmented by distribution channel and geography with Y-O-Y market growth of 5.71%. The vegan supplements market in North America is driven by the growing awareness and preference for natural products which has led to a rising demand for vegan supplements, particularly those derived from plant-based sources with natural ingredients. Online distribution is set to flourish due to its convenience and cost-effectiveness, driven by higher internet penetration rates in the US. Health-conscious marketing strategies and the trend towards wellness are boosting the market, encouraging companies to create innovative products tailored to specific health needs.
To get insights on the vegan supplement market in North America, download the sample report now
Vegan Supplements Market in North America: Region Analysis
The North American vegan supplements market is experiencing transformative changes due to rising consumer interest in natural and plant-based products for health and wellness. With growing awareness of natural product benefits and online shopping convenience, the market is primed for substantial growth during the forecasted period.
Vegan Supplements Market in North America: Vendor Analysis
The report analyzes the market's competitive landscape and offers information on major companies, including:
- Aloha
- Canopy Growth Corp.
- Danone SA
- Deva Nutrition LLC
- FORGE Supplements
- Future Kind
- Jarrow Formulas Inc.
- Kerry Group Plc
- Kikkoman Corp.
- Lauras Original Boston Brownies Inc.
- Natrol LLC
- Nestle SA
- NOW Health Group Inc.
- NuGo Nutrition
- PepsiCo Inc.
- Vital Amine Inc.
- Wonder Laboratories
- DuPont de Nemours Inc.
Find additional highlights on the growth strategies adopted by companies and their product offerings, download the sample report here
Vegan Supplements Market in North America: Market Segmentation
- By Distribution Channel
- Online
- Offline
During the projected period, the online segment's market share for vegan supplements in North America is set to significantly grow. Online retailers benefit from cost savings and offer customers convenience, allowing them to compare a wide range of products from their homes. The US, with its rapid Internet penetration, will drive the growth of the vegan supplements market through online platforms.
- By Geography
- US
- Canada
- Mexico
To more about how segmentation affects the market growth or get insight into the market drivers, trends, and challenges, buy the report
Related Reports
Vegan Food Market: The vegan food market size is estimated to grow at a CAGR of 12.07% between 2022 and 2027. The market size is forecast to increase by USD 20,034.3 million. This vegan food market report extensively covers market segmentation by distribution channel (offline and online), product (dairy alternative, meat alternative, and eggs and others), and geography (North America, Europe, APAC, South America, and the Middle East and Africa).
Vegan Eggs Market: The vegan eggs market size is estimated to grow at a CAGR of 8.28% between 2022 and 2027. The market size is forecast to increase by USD 910.56 million. This vegan eggs market report extensively covers market segmentation by distribution channel (offline and online), type (liquid, powder, and egg shaped), and geography (North America, Europe, APAC, South America, and Middle East and Africa).
Table of Contents
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Distribution Channel
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
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