Over the years, health and wellness industry has grown into a dominant lifestyle value among consumers, intensely changing consumer behavior toward organic and naturally sourced micronutrients. As a result of multi-functionality and ongoing clean label trend, the vitamin A ingredients are gaining high popularity in a variety of end-user industries, including functional food and beverage, cosmetics, dietary supplements and others. Moreover, increasing awareness regarding lifestyle diseases has been accelerating the demand for the vitamin A ingredients, which has also contributed to market growth.
According to Data Bridge Market Research the Vitamin A Ingredient accounted for USD 237.53 million in 2021, and expected to reach USD 393.11 million by 2029. The market is expected to grow with a CAGR of 6.50% in the forecast period of 2022 to 2029.
“Increasing demand for vitamin A ingredients products”
The increasing expenditure of healthcare services, which is leading consumers to be more concerned regarding their health, has augmented the demand for the nutritive ingredients, resulting in an increasing growth of the Vitamin A ingredients market. The growing occurrence of micronutrient deficiency diseases among the global population and a lack of micronutrients in diet can lead to malnutrition that has increased the demand for the vitamin A ingredients. This transition was fueled by consumer awareness and urbanization, and it resulted in a substantial increase in the usage of vitamin A ingredients. People are becoming more aware of these products and ailments, as a result Vitamin A ingredients containing products are progressively becoming more popular. The increased elderly population, rising healthcare spending, frequency of ocular illnesses, and increased healthcare awareness are anticipated to raise the demand for the Vitamin A ingredients and drive the market growth rate during the forecast period.
What restraints the growth of Vitamin A Ingredient Market?
“Lack of awareness and easy availability of substitute product”
Lack of awareness regarding dietary supplement dosage and stringent government rules and regulations will expected act as major market restraint factor for the growth of the vitamin A ingredient market in the forecast period. The easy availability of alternative products will be the foremost and biggest challenge to the market's growth during the forecast period of 2022-2029.
Segmentation: Vitamin A Ingredient Market
The vitamin A ingredient is segmented on the basis of mode of consumption, type and application.
- On the basis of mode of consumption, the vitamin A ingredient is segmented into pills, powders, creams, liquids.
- On the basis of application, the vitamin A ingredient is segmented into pharmaceuticals, food and beverage, cosmetics, animal feeds, others.
- Based on type, the vitamin A ingredient is segmented into water-soluble vitamins, fat-soluble vitamins.
Regional Insights: North America is expected to dominate the Vitamin A Ingredient Market
North America is expected to dominate the market and is expected to grow significantly owing to the augmented consumption of vitamin A in powder form in this region because powder form has an extended shelf life than other form. Moreover, increased health awareness, increased demand for high-quality food, high wealth as well as population growth are some other major factors which are expected to further drive the market growth in this region.
- In addition, the Asia-Pacific region is likely to register highest growth rate during the forecast period of 2022 to 2029 due to the growth of various regions such as China, India, Japan, and Australia, as well as increasing levels of disposable income among the individuals in this region. Furthermore, augmented consumer health concerns regarding chronic diseases along with an increasing desire to live a better lifestyle are some other major factors which are expected to further drive the market growth in this region.
Recent Development: Vitamin A Ingredient Market
- In 2020, DSM which is a leading company has decided to invest in a fully automated and high-tech packing line for vitamin A ingredients production, which will be used to provide customers with improved reliability, traceability and quality.
To know more about the study visit, https://www.databridgemarketresearch.com/reports/global-vitamin-a-ingredient-market
The Prominent Key Players Operating in the Vitamin A Ingredient Market Include:
- ADM (U.S.)
- SternVitamin GmbH & Co. KG (Germany)
- Glanbia plc (U.S.)
- Lonza (Switzerland)
- Vitablend Nederland BV (Netherlands)
- Zagro (Singapore)
- Wright Enrichment Inc. (U.S.)
- Adisseo (China)
- Showa Denko K.K. (Japan)
- Farbest Brands (U.S.)
- Jubilant Life Sciences Ltd. (India)
- Vertellus Holdings LLC (U.S.)
- Cosun (Netherlands)
- The Green Yard (Belgium)
- Himalaya Food International Ltd. (India)
- J.R. Simplot Company (U.S.)
Above are the key players covered in the report, to know about more and exhaustive list of Vitamin A Ingredient Market companies contact, https://www.databridgemarketresearch.com/reports/global-vitamin-a-ingredient-market
Research Methodology: Global Vitamin A Ingredient Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
