Global Vitamins Market, By Type (Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, Vitamin K), Application (Healthcare products, Pharmaceuticals, Food and beverages, Animal Feed, Personal care), Source (Synthetic, Natural, Plant, Animal, Others), Distribution Channel (Hypermarket, Supermarket, Mass Merchandisers, Specialty Stores, Others), and Country (U.S., Canada, Mexico, Germany, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Brazil, Argentina, Rest of South America, South Africa, Saudi Arabia, UAE, Egypt, Israel, Rest of Middle East & Africa) Industry Trends and Forecast to 2028
The vitamins market is expected to witness market growth at a rate of 6.85% in the forecast period of 2021 to 2028. Data Bridge Market Research report on vitamins market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The rise in the health awareness is escalating the growth of vitamins market.
Vitamins can be defined as vital nutrient and organic compounds that an organism needs in inadequate amounts. Therefore, vitamins are mainly utilized as ingredients and supplements in several industries.
Major factors that are expected to boost the growth of the vitamins market in the forecast period are the rise in the need for the functional and nutritionally enriched processed food products. Furthermore, the rise in the incidence of vitamin deficiencies is further anticipated to propel the growth of the vitamins market. Also, the feed fortification because of the increase in the global meat and dairy product consumption is further estimated to cushion the growth of the vitamins market. On the other hand, the constricted supply of the raw materials for the natural vitamins and the rise in the prices is further projected to impede the growth of the vitamins market in the timeline period.
In addition, the sourcing of natural allergen-free vitamin E will further provide potential opportunities for the growth of the vitamins market in the coming years. However, the shortage of ingredients and price sensitivity might further challenge the growth of the vitamins market in the near future.
This vitamins market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised 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 vitamins market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Vitamins Market Scope and Market Size
The vitamins market is segmented on the basis of type, application, source and distribution channel. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
- On the basis of type, the vitamins market is segmented into vitamin B, vitamin E, vitamin D, vitamin C, vitamin A and vitamin K.
- On the basis of application, the vitamins market is segmented into healthcare products, pharmaceuticals, food and beverages, animal feed and personal care.
- On the basis of source, the vitamins market is segmented into synthetic, natural, plant, animal and others. Others is further sub segmented into snacks, flours and breakfast cereals.
- On the basis of distribution channel, the vitamins market is segmented into hypermarket, supermarket, mass merchandisers, specialty stores and others.
Vitamins Market Country Level Analysis
The vitamins market is analysed and market size insights and trends are provided by country, type, application, source and distribution channel as referenced above.
The countries covered in the vitamins market report are the U.S., Canada and Mexico in North America, Germany, 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.
North America dominates the vitamins market due to the rise in the utilization of products with high nutritional value and low-calorie content. Furthermore, the growing of the alertness regarding the consumption of supplement products will further boost the growth of the vitamins market in the region during the forecast period. Asia-Pacific is projected to observe significant amount of growth in the vitamins market due to the rise in the high attention for the vitamins.
The country section of the vitamins 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 consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Healthcare Infrastructure Growth Installed Base and New Technology Penetration
The vitamins market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for vitamins market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the vitamins market. The data is available for historic period 2010-2019.
Competitive Landscape and Vitamins Market Share Analysis
The vitamins 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 market.
The major players covered in the vitamins market report are BASF SE, DSM, ADM, SternVitamin GmbH & Co. KG, Watson Inc., Lonza, Vitablend Nederland B.V., Zagro, Wright Enrichment Inc., Adisseo, Showa Denko K.K., Glanbia plc, Farbest Brands, Jubilant Life Sciences Ltd., Vertellus Holdings LLC, Brother Enterprises Holding Co.,Ltd., Zhejiang Garden Biochemical High-Tech Co.,Ltd, CSPC Pharmaceutical Group Limited, Zhejiang Medicine, handong luwei pharmaceutical co.,ltd, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
Customization Available : Global Vitamins Market
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customised to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analysed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.