North America Vegan Supplements Market - Growth, Trends, COVID-19 Impact, and Forecasts (2023 - 2028)

North America Vegan Supplements Market Analysis

North America's vegan supplements market is projected to grow at a CAGR of 6.5% during the forecast period.

• As a vegan diet is low in some nutrients, such as vitamin B-12, calcium, and iron, that are primarily present in animal products, supplements become an important part of their diet. In addition, dietary supplements are preferred by the paradigm shift toward preventive health management practices amid rising healthcare costs and the increasing burden of lifestyle diseases. Such factors are thus driving the demand for vegan supplements in the region.
• In the segmentation font by type, proteins, vitamins, and minerals based dietary supplements dominate the North American market because of their multiple applications such as nutritional supplements for patients suffering from heart diseases, orthopedic problems, for infants and child nutrition, and are an important part of sports nutrition.

North America Vegan Supplements Industry Segments

North America's vegan supplements market is segmented by type and distribution channels. By type, the market is segmented into protein, vitamins, omega supplements (such as omega-3, 6, and 9), and others such as minerals, probiotics, etc. By distribution channel, the market is segmented into pharmacies & drug stores, supermarkets & hypermarkets, online channels, and others. Also, the study provides an analysis of the vegan supplements market in the emerging and established markets across the North America region, including the United States, Canada, Mexico, and the rest of North America.

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North America Vegan Supplements Market Trends

This section covers the major market trends shaping the North America Vegan Supplements Market according to our research experts:

Rising Demand for Veganism in the Region

• Approximately 4% of the millennials in North America are vegans. Also, according to a study consumers around the North American countries are highly inclining toward plant-based diets, with around 33% of Canadians having turned into flexitarians. And within Canada, British Columbia accounts for the largest number of vegan consumers, followed by Ontario, and Quebec.  
• Though veganism is considered as one of the healthiest diets, the group of population is deficient in a few of the nutrients that are important in our body. This increases the need for vegan supplements to support the deficiencies that are commonly found among the vegans, thereby eventually resulting in propelling the growth of the vegan supplements market.

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