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North America Vegan Supplements Market Forecast 2021-2028

KEY FINDINGS

The North America vegan supplements market is expected to record a CAGR of 7.99% during the forecast period, 2021-2028. With the population increasingly adopting a healthy lifestyle, the demand for vegan supplements is set to rise during the forecast period.

MARKET INSIGHTS

Canada and the United States are evaluated for the North America vegan supplements market growth analysis. Meat is a major part of the Canadian diet. At the same time, the Canadian population has been more conscious about diet options and meat consumption. In 2020, around 40% of consumers stated their willingness to minimize meat consumption, while around 9% wholly intended to eliminate meat from their diet. Also, there are around 850,000 vegans and 2.3 million vegetarians in Canada. The majority of them are located in British Columbia.

Further, the nutritional supplements use is more prominent among women. For instance, in the population aged between 51 and 70, 65% of women used supplements in comparison to 42.5% of men. Also, the growing awareness about self-care, product innovations, and the aging population, are set to promote the demand for supplements. Such factors are projected to propel market growth in Canada.

COMPETITIVE INSIGHTS

Some distinguished firms operating in the market include Glanbia Plc, Nugo Nutrition, DuPont Inc, GNC Holdings, etc.

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North America Vegan Supplements Market Forecast 2021-2028
Published By :Inkwood Research
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