The vegan supplement market will grow by $3.43B by 2026, with a 37% increase in Europe, according to a report by Technavio.
Germany and the UK are the key markets for vegan supplements in Europe. Market growth in this region will be faster than in the North American and MEA regions. Consumers in Europe are mainly focusing on health, leading to the greater adoption of food products manufactured from plants. This will facilitate the vegan supplements market growth in Europe over the forecast period.
The vegan supplements market share growth in the offline segment will be significant during the forecast period. The offline segment of the global vegan supplements market comprises supermarkets, hypermarkets, departmental stores, pharmacies, and other stores. Retail outlets attract a high footfall as products such as vegan supplements are on display, and sales representatives present at the stores guide buyers in selecting products as per their requirements.