Vegan Supplements Market Trends

Growth Drivers

Expanding vegan population

The robust inclination of individuals towards vegan dietary patterns that have established deep roots in the developed markets of the western nations are is one of the major contributors to the vegan supplements market. Consumers are shifting to veganism owing to growing awareness about animal cruelty, and increasing incidences of lifestyle disorders such as obesity and other dreadful diseases.

Additionally, increasing distress concerning glutamic disorders and lactose intolerance among the consumers, an increase in per capita consumption in emerging economies, an increase of supermarkets and hypermarkets, and growing information on social platforms about benefits of vegan lifestyle have led to the increased prominence of the vegan supplements offered in the market.

Challenges

Vegan products are quite costly and there are cheaper substitutes available in the market. There is still a lack of awareness in developing nations, these factors might act as a growth restraints for the global market growth in the forecast period.