Vitamins Market

Vitamins Market size is forecast to reach USD 9,875 Million by 2027, estimated to grow at a CAGR of 7.3% during 2020-2027.

Introduction of the Vitamins Market Report

Vitamins are referred to as the organic compound required in an individual’s body, usually in small quantities. Every individual has different vitamin needs; for instance, a human being extracts vitamin C from their food products, while on the other hand, dogs produce all the vitamin C that is needed by their body. The global vitamins market has various applications such as food & beverages, feed, personal care products, among others.

To have an edge over the competition by knowing the market dynamics and current trends of “Vitamins Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

Growing demand for nutritious and functionally enriched processed food items is one of the main factors fueling the global vitamin market growth. With the accelerating geriatric population, the demand for vitamin supplements has increased in order to impede diseases caused by vitamin deficiency, which will bolster the market growth. For example, as per the NCBI, in 2018, the prevalence of Vitamin D deficiency ranged from 40% to 99%, in all age groups. Accelerating disposable income, growing health awareness, and increasing consumption of meat and dairy are forecast to augment the market growth. Moreover, strict food standards and governments norms to encourage they overproduction of vitamin & supplements and the increasing emphasis of consumers on preventative healthcare products have propelled the market growth. In addition, the increasing incorporation of advanced technologies with higher production efficiency by leading producers will offer enormous opportunities to the market. Growing awareness about the health benefits associated with the consumption of vitamins has inclined consumers to include vitamin in their daily diet, driving the market growth. However, the restricted supply of raw materials for natural vitamins, shortage of ingredients and price sensitivity will restrain the vitamins market growth over the upcoming years.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Application – Segment Analysis

Based on the application, the food & beverages application is projected to grow at a higher CAGR during the forecast period. The increasing focus of consumers on the nutritional content value in dairy products, bakery & confectionery products is a significant factor that is boosting the growth of the segment over the coming years. Moreover, the growing adoption of vitamin-based products has further increased the acceptance as a result of the increasing cases of vitamin deficiency.

Source – Segment Analysis

Based on the source, the natural vitamins is anticipated to grow at a faster CAGR during the forecast period. This is attributed to the strong demand for natural ingredients and additives among consumers. The significant shift in the individual’s preference towards personal health and wellness has further encouraged them to opt for natural food ingredients, thus surging the market growth.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the region, Asia-Pacific region is predicted to dominate the market during the forecast period. The increasing application of vitamins in the feed sector is a key driver that is contributing to market growth. In addition to this, the rising demand for nutritional & healthy products is further boosting the market growth. There has been an increase in the prevalence of regular as well as chronic diseases, which has increased the emphasis on preventive healthcare, thus accelerating the requirement for vitamin enriched products.

Top Market Players

Various notable players operating in the market include DSM, Glanbia plc, ADM, BASF SE, Lonza, Vitablend Nederland B.V., Vitamin Energy, The GHT Companies, SternVitamin GmbH & Co. KG, and Farbest Brands, among others. 

Key Developments:

• • In 2020, Franchise Group, Inc. launched Vthrive to expand the brand’s portfolio of vitamins, proteins, and supplements.
  • In 2019, Vitamin Energy introduced a combination of Energy and CBD for active consumers that were looking for CBD infused products. The company is focusing on expanding their product offering to support its mission of building fresh functional shots.

Segments covered in the Report:

The global vitamins market has been segmented on the basis of type, application, source, and regions. Based on Type, the market is segmented into Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, and Vitamin K. Based on application, the market is segmented into healthcare products, food & beverages, feed, and personal care products. Based on source, the market is segmented into synthetic and natural. 

For detailed scope of the “Vitamins Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is the global vitamins market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in the global vitamins market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global vitamins market?
  • Which type generated maximum revenues in 2019 and identify the most promising type during the forecast period?
  • What are the various application areas of the global vitamins market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Vitamins Market Segmentation

Global Vitamins Market by Type

• • Vitamin B
  • Vitamin E
  • Vitamin D
  • Vitamin C
  • Vitamin A
  • Vitamin K

Global Vitamins Market by Application

• • Healthcare Products
  • Food & Beverages
  • Feed
  • Personal Care Products

Global Vitamins Market by Source

• • Synthetic
  • Natural

Global Vitamins Market by Region

• • North America Vitamins Market (Option 1: As a part of the free 25% customization)

    • By Type
    • By Application
    • By Source
    • US Market All-Up
    • Canada Market All-Up

  • Europe Vitamins Market (Option 2: As a part of the free 25% customization)

    • By Type
    • By Application
    • By Source
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Vitamins Market (Option 3: As a part of the free 25% customization)

    • By Type
    • By Application
    • By Source
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Vitamins Market (Option 4: As a part of the free 25% customization)

    • By Type
    • By Application
    • By Source
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Vitamins (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • DSM
  • Glanbia plc
  • ADM
  • BASF SE
  • Lonza
  • Vitablend Nederland B.V.
  • Vitamin Energy
  • The GHT Companies
  • SternVitamin GmbH & Co. KG
  • Farbest Brands