Asia-Pacific Vitamin A Market, By Type (Pre-Formed Vitamin A, Provitamin A, Combine Vitamin A), Product Category (Clean Labeled Ingredient and Conventional), Form (Powder and Liquid), Application (Pharmaceuticals, Food Products, Animal Feed, Personal Care & Cosmetics, Dietary Supplements, Beverages and Others), Country (China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, rest of Asia-Pacific) Industry Trends and Forecast to 2027
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Market Analysis and Insights: Asia-Pacific Vitamin A Market
Vitamin A market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a CAGR of 6.6% in the forecast period of 2020 to 2027 and is expected to reach USD 142.51 million by 2027 from USD 85.78 million in 2019. Increasing prevalence of disease such as rhodopsin, and increasing need for better Vitamin A supplement are the major drivers which drives the demand of the market in the forecast period.
Vitamin A market is growing tremendously across the globe due to the growing prevalence of vitamin A deficiency disease such as rhodopsin, a photoreceptor pigment. The three different types of vitamin A include: pre-formed vitamin A, provitamin A and combine vitamin A. The wide range of applications is accomplishing the demand of consumers. The advancement in research and development (R&D) leads to increased product launch by key market players of the vitamin A market.
Major factors driving the growth of the vitamin A market are increase in government initiation to control the expansion of vitamin A deficiency disease, growing concern for healthier life among others and the factor which hampers the growth of the vitamin A market are side effects related to interaction of vitamin supplements with drugs and vitamin A toxicity among others. Vitamin A demand has increased as compared to the previous year with increasing prevalence of photoreceptor pigment disease and rising pharmaceutical industries initiatives. The partnerships and acquisitions by major market players act as opportunity for the growth of vitamin A market.
The vitamin A market report provides details of market share, new developments, and product pipeline analysis, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario contact us for an Analyst Brief, our team will help you create a revenue impact solution to achieve your desired goal.
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Asia-Pacific Vitamin A Market Scope and Market Size
Asia-Pacific 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. In 2020, pre-formed vitamin A segment is dominating the vitamin A market as the majority of healthcare staffs as well as physicians are recommending pre-formed vitamin A during the treatment.
- On the basis of product category, the vitamin A market is segmented into clean labeled ingredient and conventional. In 2020, clean labeled ingredient segment is dominating the vitamin A market since it is cost effective, easily accessible and primarily recommended by doctors for vitamin A deficiency disease.
- On the basis of form, the vitamin A market is segmented into powder and liquid. In 2020, the powder segment is dominating the vitamin A market because powdered vitamin A product is highly stable as comparable to liquid vitamin A. Moreover, powdered vitamin A products are secure for transportation as well as convenient to carry as compared to the liquid vitamin A product.
- On the basis of application, the vitamin A market is segmented into pharmaceuticals, food products, animal feed, personal care & cosmetics, dietary supplements, beverages and others. In 2020, pharmaceutical segment is dominating the vitamin A market because of growing prevalence of rhodopsin, photoreceptor pigment, growing government activities and initiative programs acting as another driving factor for the vitamin A market growth.
Vitamin A Market Country Level Analysis
Vitamin A market is analysed and market size information is provided by type, product category, form and application.
The countries covered in the vitamin A market report are China, Japan, India, South Korea, Australia, Singapore, Thailand, Malaysia, Indonesia, Philippines, and rest of Asia Pacific.
Asia-Pacific is expected to grow with the fastest CAGR in the forecasted periods as in the Asia-Pacific’s Countries demand for vitamin A are increasing very rapidly due to rapidly increasing population and increasing awareness regarding the vitamin supplement. China is expected to dominate in the market in the Asia-Pacific market. China is one of the leading countries in the world with rapidly changing lifestyle along with increasing demand and usage of vitamin supplements.
The country section of the vitamin A market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of sales channels are considered while providing forecast analysis of the country data.
Strategic Initiatives by Manufactures is Creating New Opportunities for Players in the Vitamin A Market
Vitamin A market also provides you with detailed market analysis for every country growth. Moreover, it provides detail data regarding growth in vitamin A supplements’ sales, partnership, acquisition, distribution agreement among the market players of vitamin A market c region. The data is available for historic period 2010 to 2018.
Competitive Landscape and Vitamin A Market Share Analysis
Vitamin A market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to vitamin A market.
The major players covered in the Asia-Pacific vitamin A market report are Divi's Nutraceuticals (a subsidiary of Divi’s Laboratories Limited), DSM, BASF SE, Prinova Group LLC, Zhejiang NHU Co., Ltd., Bluestar Adisseo Co., Ltd., CELLMARK AB, Guangzhou ZIO Chemical Co., Ltd, Kirkman and Lonza, among others. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Many product launch and agreement are also initiated by the companies’ worldwide which are also accelerating the vitamin A market.
For instance,
- In November 2019, Guangzhou Zio Chemical Co., Ltd. Participated in Food Ingredients China-Health 2019 exhibition in Canton Trade Fair Pazhou Guangzhou. This participation has escalated the presence of company in the china market.
- With signature of agreement between Framlenco group and Bluestar Adisseo Co., Ltd., in August, new horizons open up for producing ingredients for animals feeds which are fortified vitamins. Thus, this might boost the Vitamin A market.
Collaboration, joint ventures and other strategies by the market player is enhancing the company impression in the vitamin A market which also provides the benefit for organisation to improve their sales growth.
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