Europe Vegan Supplements Market Size
| 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 |
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.
Europe Vegan Supplements Market Trends
This section covers the major market trends shaping the Europe Vegan Supplements Market according to our research experts:
Increasing Preference for Vegan Vitamin Supplements
The preventive healthcare practices that are in vogue nowadays, coupled with multivitamins deficiency that is commonly observed owing to inadequate intake, supported by demand for plant-based supplements due to vegan factor is driving the demand for vegan vitamin supplements.Both manufacturers and retailers are beginning to offer free access to 'wellness tools' that create a customized vitamin list based on a consumer's specific conditions and need. Regular usage of vitamins seems to increase with increasing geriatric population, and women tend to take more supplements than men. Vegan vitamins represent a steadily growing segment driven by, growing discretionary spending, and consumers emphasis on improving their quality of life. Moreover, consumers are shifting their preferences for plant based or herbal supplements with growing vegan trend across the regions. Such factors raise the demand for vitamins segment in the region.
United Kingdom Holds a Significant Share in the Market
The growth in the plant-based sector has largely been driven by the mainstream emergence of the flexitarian consumer, as well as increased numbers of vegetarians and vegans, as consumers respond to a combination of ethical, environmental and health concerns in the country.In recent years the number of vegetarians and vegans has increased, for example, the Vegan Society estimated that the number of vegans in the UK increased by a factor of 2.6 times in the ten years to 2016. However, the significant growth in the plant-based market is driven by the flexitarian consumer. Multivitamin supplements are gaining popularity among all adult consumers, thus launch of vegan multivitamins in the country is edxpected to propel the growth of the market during the foreacast period.
Europe Vegan Supplements Industry Overview
The European Vegan supplements market is highly fragment due to the presence of numerous global as well as domestic payedrs such as , Glanbia Plc, Herbalife Nutrition, Holland & Barrett Retail Limited, and Sylphar N.V. (Nutravita Limited) are some of the major players in the vegan supplements market. Active companies in the European vegan supplements market are focusing on increasing their product line and cosnumer base to compettteieve edge. Companies employ diverse retail channels (pharmacies, par pharmacies, supermarkets, drug stores, herb stores, health stores, etc.) and other sales channels (example, direct sales, mail order), to market their products. Moreover, companies are focusing on product innovations and merger & acquisitions to develop their presence and increase market share across the globe. For instance, Holland & Barrett Sweden, which is a part of Holland & Barrett International, Europe's health and wellness retailer announced its merger with Hälsa för alla, a specialist natural health and wellbeing retailer with 12 retail outlets across Stockholm, Sweden.
Europe Vegan Supplements Market Leaders
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Sylphar N.V. (Nutravita Limited)
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Holland & Barrett
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GreenVits
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Vanatari International GmbH
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Vitamin Buddy Limited.
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Herbalife Nutrition
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Glanbia Plc
*Disclaimer: Major Players sorted in no particular order
Europe Vegan Supplements Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Deliverables
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1.2 Study Assumptions
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1.3 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET DYNAMICS
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4.1 Market Drivers
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4.2 Market Restraints
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4.3 Porter's Five Forces Analysis
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4.3.1 Threat of New Entrants
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4.3.2 Bargaining Power of Buyers/Consumers
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4.3.3 Bargaining Power of Suppliers
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4.3.4 Threat of Substitute Products
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4.3.5 Intensity of Competitive Rivalry
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5. MARKET SEGMENTATION
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5.1 By Product Type
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5.1.1 Vitamins
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5.1.2 Protein
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5.1.3 Omega Supplements
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5.1.4 Other Vegan Supplements
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5.2 By Distribution Channel
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5.2.1 Specialty and Drug Stores
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5.2.2 Supermarkets/Hypermarkets
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5.2.3 Online Retail Stores
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5.2.4 Other Distribution Channel
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5.3 By Geography
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5.3.1 Germany
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5.3.2 United Kingdom
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5.3.3 France
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5.3.4 Spain
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5.3.5 Italy
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5.3.6 Rest of Europe
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6. COMPETITIVE LANDSCAPE
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6.1 Most Active Companies
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6.2 Most Adopted Strategies
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6.3 Market Share Analysis
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6.4 Company Profiles
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6.4.1 Sylphar N.V. (Nutravita Limited)
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6.4.2 Holland & Barrett
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6.4.3 Deva Nutrition LLC
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6.4.4 GreenVits
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6.4.5 Vanatari International GmbH
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6.4.6 Vitamin Buddy Limited.
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6.4.7 MONK Nutrition Europe
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6.4.8 Herbalife Nutrition
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6.4.9 Glanbia Plc
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- *List Not Exhaustive
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7. MARKET OPPORTUNITIES AND FUTURE TRENDS
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8. DISCLAIMER
Europe Vegan Supplements Industry Segmentation
The report on the European vegan supplements market (henceforth, referred to as the market studied) offers key insights into the latest market developments. It analyzes recent trends, drivers, and challenges affecting the vegan supplements market across the region.The market studied is segmented by type, distribution channel, and geography. Based on type, the market studied is segmented into vitamins, proteins, omega, and others. Based on distribution channel, the market studied is segmented into specialty & drug stores, supermarkets/hypermarkets, online retail stores, and others. Based on geography, the market studied is segmented into United Kingdom, Germany, France, Italy, Spain and rest of European countries. The report contains top-line revenues and market share analysis of the key players, highlighting the most adopted strategies of the companies in the market studied.
| By Product Type | |
| Vitamins | |
| Protein | |
| Omega Supplements | |
| Other Vegan Supplements |
| By Distribution Channel | |
| Specialty and Drug Stores | |
| Supermarkets/Hypermarkets | |
| Online Retail Stores | |
| Other Distribution Channel |
| By Geography | |
| Germany | |
| United Kingdom | |
| France | |
| Spain | |
| Italy | |
| Rest of Europe |
Europe Vegan Supplements Market Research FAQs
What is the current Europe Vegan Supplements Market size?
The Europe Vegan Supplements Market is projected to register a CAGR of 9.40% during the forecast period (2024-2029)
Who are the key players in Europe Vegan Supplements Market?
Sylphar N.V. (Nutravita Limited), Holland & Barrett, GreenVits, Vanatari International GmbH, Vitamin Buddy Limited., Herbalife Nutrition and Glanbia Plc are the major companies operating in the Europe Vegan Supplements Market.
What years does this Europe Vegan Supplements Market cover?
The report covers the Europe Vegan Supplements Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Vegan Supplements Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Europe Vegan Supplements Industry Report
Statistics for the 2024 Europe Vegan Supplements market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Vegan Supplements analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
