Vegan Supplements Market Analysis

The vegan supplements market is segmented by type, distribution channel, and region. Among product type, the protein segment is expected to hold the largest market share during the forecast period. The segment growth is predominantly attributed to the high demand for protein among vegan consumers owing to the remarkable health benefits of protein such as weight loss, muscle strength, satiety, and others. Protein is one of the most important nutrients required for good health. Vegan protein is derived from plants, hence, also known as plant-based proteins. Some of the sources from where vegan protein can be found ar oats, green peas, lentils, leafy greens & vegetables, and quinoa. The vegan protein is going to experience high growth in the foreseeable future which has led to a large number of market participants entering the vegan protein market.

Among distribution channel segmentation, supermarkets/hypermarkets segment held the largest share owing to better accessibility of products and a wide variety of products allows customers to compare and decide for the best. The online segment is expected to grow at a fast pace on account of ease it provides to the customers while shopping especially during this period of social distancing practices owing to the grievous outbreak of the COVID 19 pandemic. 

Our in-depth analysis of the global market includes the following segments: