The vitamin A market is composed of unsaturated nutritious chemical compounds, including retinol, retinal, retinoic acid, and various pro-vitamin A compounds. These compounds play a crucial role in maintaining healthy vision, promoting cell growth and differentiation, supporting immune function, and contributing to overall health and well-being. The market is driven by the growing demand for vitamin A in various industries, including food and beverages, pharmaceuticals, cosmetics, and animal feed. The diverse applications and nutritional benefits associated with vitamin A make it a valuable ingredient, driving the market's growth and presenting opportunities for manufacturers and suppliers. A.
According to Data Bridge Market Research, the Global Vitamin A Market was valued at USD 615.85 million in 2021 and is expected to reach the value of USD 909.89 million by 2029, at a CAGR of 5.00% during the forecast period of 2022 to 2029.
“The growing demand from various end-user industries drive the market”
The growing demand from various end-user industries acts as a significant driver in the vitamin A market. Vitamin A finds extensive applications in sectors such as food and beverages, pharmaceuticals, cosmetics, and animal feed. The food industry utilizes vitamin A for fortification and nutrition enhancement purposes. In pharmaceuticals, it is incorporated into supplements and medications. Cosmetics utilize vitamin A for its skincare benefits. Additionally, the animal feed industry incorporates vitamin A in animal nutrition. The expanding demand from these diverse industries fuels the growth of the vitamin A market, creating opportunities for manufacturers and suppliers.
What restraints the growth of the global vitamin A market?
“High cost of vitamin A”
The high cost of vitamin A acts as a significant restraint in the vitamin A market. The production process for vitamin A involves complex extraction and purification techniques, which can be costly. Additionally, the limited availability of raw materials, such as fish liver or plant sources rich in carotenoids, further drives up the cost. The high manufacturing and sourcing expenses result in elevated prices for vitamin A products, making them less affordable for certain consumer segments. This affordability barrier can limit the accessibility and adoption of vitamin A, hindering the market's growth potential.
Segmentation: Global Vitamin A Market
The vitamin A market is segmented on the basis of type, product category, form, and application
- On the basis of type, the vitamin A market is segmented into pre-formed vitamin A, provitamin A and combine vitamin A.
- On the basis of product category, the vitamin A market is segmented into clean labeled ingredient and conventional.
- On the basis of form, the vitamin A market is segmented into powder and liquid.
- In the basis of application, the vitamin A market is segmented into pharmaceuticals, food products, animal feed, personal care and cosmetics, dietary supplements, beverages, and others.
Regional Insights: North America is expected to dominate the global vitamin A market
North America's dominance in the vitamin A market is attributed to the increased consumption of vitamin A in powder form, particularly in the United States. Powder form offers a longer shelf life compared to liquid form, making it a preferred choice for storage and distribution. The extended shelf life ensures product stability and allows for easy transportation, contributing to the market's growth in the region.
Europe is experiencing decent growth in the vitamin A market, driven by the high consumption of powdered vitamin A in daily routines. Powdered vitamin A offers ease of transportation compared to its liquid counterpart, making it a convenient choice for consumers. The portability and longer shelf life of powdered vitamin A contribute to its popularity in Europe, supporting market expansion and meeting the demand for this essential nutrient.
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Recent Developments in Global Vitamin A Market
- In February 2020, DSM, a leading company in the vitamin industry, made an investment decision to establish a high-tech, fully automated packing line for vitamin A production. This investment aims to enhance traceability, reliability, and quality for customers, showcasing DSM's commitment to delivering exceptional products.
- In October 2019, DSM announced its plans to produce vitamin A in two locations: Xinghuo, China, and Grenzach, Germany. This strategic decision enables DSM to leverage the strengths of both locations, ensuring a robust supply chain and enhancing its capacity to meet the growing global demand for vitamin A. The expansion of production facilities reinforces DSM's position as a key player in the vitamin A market.
The Prominent Key Players Operating in the Global Vitamin A Market Include:
- DSM (Netherlands)
- BASF SE (Germany)
- Lonza Group (Switzerland)
- Glanbia Plc (Ireland)
- ADM (US)
- Farbest Brands (U.S.)
- SternVitamin GmbH & Co. KG (Germany)
- Adisseo (France)
- BTSA Biotechnologias Aplicadas S.L. (Spain)
- Rabar Pty Ltd (Australia)
- 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.)
Above are the key players covered in the report, to know about more and exhaustive list of global vitamin A market companies contact, https://www.databridgemarketresearch.com/contact
Research Methodology: Global Vitamin A 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.
