Global Vitamins for Skin Health Market, By Type (Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, Vitamin K), Source (Natural, Synthetic), Application (Healthcare Products, Food & Beverages, Feed, Personal Care Products) – Industry Trends and Forecast to 2029.
Vitamins for Skin Health Market Analysis and Size
The health and wellness industry has evolved into a dominant lifestyle value among consumers over the years, profoundly changing consumer behaviour toward naturally sourced micronutrients. Due to its multi-functionality and ongoing clean label trend, vitamin A is gaining popularity in a variety of end-user industries, including cosmetics, dietary supplements, functional food and beverage, and others.
Data Bridge Market Research analyses that the vitamins for skin health market which was growing at a value of 1.36 billion in 2021 and is expected to reach the value of USD 2.61 billion by 2029, at a CAGR of 8.50% during the forecast period of 2022-2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
Vitamins for Skin Health Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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Type (Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, Vitamin K), Source (Natural, Synthetic), Application (Healthcare Products, Food & Beverages, Feed, Personal Care Products)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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Cosun (Netherlands), The Green Yard (Belgium), Himalaya Food International Ltd. (India), J.R. Simplot Company (U.S.), Lamb Weston Inc. (U.S.), General Mills, Inc. (U.S.), Mondelez International (U.S.), THE KRAFT HEINZ COMPANY (U.S.), Royal Ingredients Group (Netherlands), Pioneer Industries Private Limited (India), Cargill, Incorporated (U.S.), Meelunie B.V. (Netherlands), Permolex (Canada), ROQUETTE AMILINA, AB (Lithuania), Tereos SCA (France), ARDENT MILLS (U.S.), Bryan W. Nash & Sons (U.K.)
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Opportunities
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Market Definition
Some vitamins and antioxidants can improve the health and consistency of your skin. Vitamins C and E, as well as selenium, are antioxidants that can help protect the skin from sun damage. Vitamin A, also known as retinol, is essential for cell growth and is frequently used as a topically applied antiaging treatment.
Vitamins for Skin Health Market Dynamics
Drivers
- Increase in consumer spending on health and wellness products
Increased health and wellness spending and rising disposable income levels are expected to drive demand for vitamins for skin health globally, particularly in emerging economies. Consumers are increasingly choosing health and wellness products over luxury items. The increasing consumption of vitamins to keep the skin looking healthy and youthful is expected to support the growth of the vitamins for skin health market during the forecast period. As a result, increased awareness of the health benefits provided by these products is expected to drive market growth.
- Manufacturers are focusing on consumer needs to improve their product portfolio
Food and beverage manufacturers are focusing on key market trends about consumer needs, to develop innovative products and increase sales across their entire product line. As a result, in recent years, several companies have launched innovative vitamins for skin health products that provide consumers with healthy alternative. Thus, the growing preference for plant-based foods and the increasing use of vitamins for skin health in a variety of products are expected to drive the vitamins for skin health market over the forecast period.
Furthermore, the high prevalence of lifestyle disorders such as diabetes, obesity, and others, as well as the growing global elderly population, have increased demand for dietary supplements to assist people in managing their health risks will further influence market growth.
Opportunity
Growing number of R&D activities, as well as increasing popularity of skin care products, will further contribute by generating immense opportunities, leading to the growth of the vitamins for skin health market in the above-mentioned timeframe.
Restraints
Lack of consumer awareness about the benefits of the product in developing economies, as well as volatility in raw material prices, will likely act as market restraints for the growth of the vitamins for skin health market during the forecasted timeframe.
This vitamins for skin health market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vitamins for skin health market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
COVID-19 Impact on Vitamins for Skin Health Market
The World Health Organization (WHO) recommends that the global population consume immunity-boosting foods, vitamins, minerals, proteins, dietary fibre, and antioxidants, which are required by the human body to fight the outbreak. As a result, the population's consumption of vitamin supplements rises, increasing the demand for the vitamins for skin health market. The COVID-19 outbreak has had a profound effect on people's lives all over the world. With the increasing number of cases, stringent government regulations such as lockdowns, shutting down industries and business sectors, and so on are being implemented in almost every country. It is critical to boost immunity to fight this pandemic.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Vitamins for Skin Health Market Scope
The vitamins for skin health market is segmented on the basis of type, source and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Vitamin B
- Vitamin E
- Vitamin D
- Vitamin C
- Vitamin A
- Vitamin K
Source
- Natural
- Synthetic
Application
- Personal Care
- Healthcare Products
- Food & Beverages
- Feed
- Others
Vitamins for Skin Health Market Regional Analysis/Insights
The vitamins for skin health market is analysed and market size insights and trends are provided by country, type, source and application as referenced above.
The countries covered in the vitamins for skin health market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Due to the increasing demand for plant-based products, easy availability of herbs, and the prevalence of geriatric population in India and China, Asia-Pacific dominates the vitamins for skin health market. The Europe region is expected to grow between 2022 and 2029 as a result of factors such as an increasing vegan population and an increase in the number of government initiatives promoting the consumption of organic beauty products in the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Vitamins for Skin Health Market Share Analysis
The vitamins for skin health 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, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vitamins for skin health market.
Some of the major players operating in the vitamins for skin health market are:
- Cosun (Netherlands)
- The Green Yard (Belgium)
- Himalaya Food International Ltd. (India)
- J.R. Simplot Company (U.S.)
- Lamb Weston Inc. (U.S.)
- General Mills, Inc. (U.S.)
- Mondelez International (U.S.)
- THE KRAFT HEINZ COMPANY (U.S.)
- Royal Ingredients Group (Netherlands)
- Pioneer Industries Private Limited (India)
- Cargill, Incorporated (U.S.)
- Meelunie B.V. (Netherlands)
- Permolex (Canada)
- ROQUETTE AMILINA, AB (Lithuania)
- Tereos SCA (France)
- ARDENT MILLS (U.S.)
- Bryan W. Nash & Sons (U.K.)
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