Global Vegan Supplements Market Size & Outlook, 2023-2030
Global vegan supplements market, 2018-2030 (US$M)
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Global vegan supplements market highlights
- The global vegan supplements market generated a revenue of USD 8,416.9 million in 2023 and is expected to reach USD 17,644.6 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 11.2% by 2030.
- In terms of segment, vitamins & minerals accounted for a revenue of USD 2,966.8 million in 2023.
- Protein Supplements is the most lucrative ingredient segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 8,416.9 million |
| Market revenue in 2030 | USD 17,644.6 million |
| Growth rate | 11.2% (CAGR from 2023 to 2030) |
| Largest segment | Vitamins & minerals |
| Fastest growing segment | Protein Supplements |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Vitamins & Minerals, Protein Supplements, Omega-3 Fatty Acids |
Other key industry trends
- In terms of revenue, the North America accounted for 28.5% of the global vegan supplements market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Argentina is the fastest growing regional market and is projected to reach USD 120.3 million by 2030.
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Vegan Supplements Market Scope
Vegan Supplements Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global vegan supplements market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to vegan supplements market will help companies and investors design strategic landscapes.
Vitamins & minerals was the largest segment with a revenue share of 35.25% in 2023. Horizon Databook has segmented the Global vegan supplements market based on vitamins & minerals, protein supplements, omega-3 fatty acids covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Vegan Supplements Ingredient Outlook (Revenue, USD Million, 2018-2030)
- Vitamins & Minerals
- Protein Supplements
- Omega-3 Fatty Acids
- Others
- Global Vegan Supplements Form Outlook (Revenue, USD Million, 2018-2030)
- Capsules
- Tablets
- Powders
- Liquids
- Others
- Global Vegan Supplements Distribution Channel Outlook (Revenue, USD Million, 2018-2030)
- Offline
- Online
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Target buyers of Global vegan supplements market databook
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Our clientele includes a mix of vegan supplements market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of global-level data and insights on the Global vegan supplements market, including forecasts for subscribers. This global databook contains high-level insights into Global vegan supplements market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global vegan supplements market report size, by regions, 2018-2030 (US$M)
Top 10 countries: Vegan supplements market report size, 2023 (US$M)
Global vegan supplements market report share, by ingredient, 2023 & 2030 (%, US$M)
Vegan supplements market: Opportunity assessment by country
Global vegan supplements market, by region, 2023 (US$M)
| Ingredient | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 1,448.7 | 1,598.2 | 1,688.4 | 1,946.1 | 2,159.2 | 2,394.7 | 2,657.0 | 2,949.4 | 3,275.4 | 3,639.3 | 4,045.5 | 4,499.1 | 5,005.7 | 11.1% |
| Europe | 1,288.6 | 1,406.2 | 1,470.4 | 1,678.6 | 1,845.7 | 2,029.8 | 2,234.5 | 2,462.6 | 2,716.8 | 3,000.6 | 3,317.7 | 3,672.3 | 4,069.2 | 10.5% |
| Asia Pacific | 1,956.2 | 2,102.7 | 2,175.1 | 2,466.9 | 2,706.4 | 2,982.6 | 3,304.6 | 3,681.0 | 4,122.6 | 4,642.1 | 5,255.6 | 5,982.4 | 6,846.6 | 12.6% |
| Latin America | 452.3 | 482.2 | 492.4 | 548.6 | 588.4 | 630.8 | 676.6 | 726.1 | 779.6 | 837.4 | 900.0 | 967.7 | 1,041.0 | 7.4% |
| MEA | 264.0 | 282.5 | 289.8 | 324.7 | 350.7 | 378.9 | 410.1 | 444.6 | 482.8 | 525.1 | 572.0 | 624.2 | 682.2 | 8.8% |
| Overall | 5,409.8 | 5,871.8 | 6,116.0 | 6,964.9 | 7,650.3 | 8,416.9 | 9,282.9 | 10,263.6 | 11,377.1 | 12,644.5 | 14,090.8 | 15,745.7 | 17,644.6 | 11.2% |
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