Market Size of Europe Vegan Supplements Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 9.40 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Europe Vegan Supplements Market Analysis
The European vegan supplements market is forecasted to register a CAGR of 9.4% during the forecast period (2020-2025)
- Europeans perceive dietary supplements as products that improve health and wellness. The purchase of such products are, thus, considered as a preventive measure to health disorders. The trend towards strict vegan diets and the more lenient flexitarian approach and perception for dietary supplements is likely boosting the vegan supplements market across the region. By type, the vitamins segment occupied a prominent market share in 2019.
- The harmonization of regulations, governing supplements undertaken by the European Union, has strengthened the growth of the overall dietary supplements market including vegn supplements, the diverging regulations among member states are increasingly synchronized.
- The regional growth is dominated by Western European countries, such as United Kingdom and Germany; however, Eastern markets, like Norway, Sweden, and others have shown promising potential.
