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Global Vitamins Market - Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Apr 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

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)-Industry Trends and Forecast to 2029.

 

Vitamins Market

Market Analysis and Size

Supplementing with micronutrients such as vitamins C and D, zinc, and omega fatty acids within specified upper safety levels is a safe, effective, and low-cost way to help support healthy immune function. Consumers are increasingly embracing vitamins as part of their daily routine as their interest and worries about personal health and well-being grow.

Data Bridge Market Research analyses that the vitamins market was valued at USD 6.55 billion in 2021 and is further estimated to reach USD 11.94 billion by 2029, and is expected to grow at a CAGR of 7.8% during the forecast period of 2022 to 2029.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

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)

Countries Covered

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

Market Players Covered

BASF SE (Germany), DSM (Netherlands), ADM (US), SternVitamin GmbH & Co. KG (Germany), Glanbia plc (US), Lonza (Switzerland), Vitablend Nederland BV (Netherlands), Zagro (Singapore), Wright Enrichment Inc. (US), Adisseo (China), Showa Denko K.K. (Japan), Farbest Brands (US), Jubilant Life Sciences Ltd. (India), Vertellus Holdings LLC (US),

Market Opportunities

  • Rising demand for functional and nutritionally enriched processed foods
  • The incidence of vitamin deficiencies, and feed fortification
  • Increased worldwide meat and dairy product consumption

Market Definition

Vitamins are a group of substances that are needed for normal cell growth, function, and development. They are essential nutrients and chemical molecules that an organism need in insufficient quantities. Vitamins are therefore mostly used as components and supplements in a variety of businesses.

Vitamins Market Dynamics                                                         

Drivers

  • Rise in the demand for functional and nutritionally enriched processed food products

The nutraceuticals industry has seen a surge in demand for healthful and nutritional products, despite severe market restrictions and declining purchase trends in the food and beverage sector which will further accelerate the growth of the market.

  • Increase in the incidence of vitamin deficiencies

Vitamin deficiency and malnutrition are becoming more common which is further anticipated to propel the growth of the vitamins market.

  • Increase in the aging population

Vitamin supplements are used by the elderly to prevent diseases associated with ageing which is further expected to drive the market growth.

Opportunities

In addition, the sourcing of natural allergen-free vitamin E is further estimated to provide potential opportunities for the growth of the vitamins market in the coming years.

Restraints/Challenges

On the other hand, the inhibited supply of raw materials for natural vitamins is further projected to impede the growth of the vitamins market in the targeted period. 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 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 market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Vitamins Market

The pandemic of COVID-19 has had a huge impact on the vitamins market. The COVID-19 related economic crisis is affecting the vitamin business by interrupting delivery networks.

Supplements have a delicate supply chain, and failure at any point of the chain-from farms to dealers, transporters and distributors to manufacturers-can cause the entire network to be disrupted. However, in the post-COVID scenario, there is a growing demand for vitamins supplements due to the growing incidence of vitamin deficiencies.

Recent Development

  • In January 2020, Vthrive, a new product from Franchise Group, Inc., was launched to expand the brand's collection of vitamins, proteins, and supplements.

Global 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 analyze meager 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

On the basis of type, the vitamins market is segmented into vitamin B, vitamin E, vitamin D, vitamin C, vitamin A and vitamin K.

Application

  • Healthcare Products
  • Pharmaceuticals
  • Food and Beverages
  • Animal Feed
  • Personal Care

On the basis of application, the vitamins market is segmented into healthcare products, pharmaceuticals, food and beverages, animal feed and personal care.

Source

  • Synthetic
  • Natural
  • Plant
  • Animal
  • Others

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.

Distribution Channel

  • Hypermarket
  • Supermarket
  • Mass Merchandisers
  • Specialty Stores
  • Others

On the basis of distribution channel, the vitamins market is segmented into hypermarket, supermarket, mass merchandisers, specialty stores and others.

Vitamins Market Regional Analysis/Insights                                 

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 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 increase in the use of products with high nutritional value and low-calorie content. Furthermore, rise in the awareness related to 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 increase in the high attention for the vitamins.

The country section of the 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 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.   

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 2010-2020.

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.

 Some of the major players operating in the vitamins market are:

  • BASF SE (Germany)
  • DSM (Netherlands)
  • ADM (US)
  • SternVitamin GmbH & Co. KG (Germany)
  • Glanbia plc (US)
  • Lonza (Switzerland)
  • Vitablend Nederland BV (Netherlands)
  • Zagro. (Singapore)
  • Wright Enrichment Inc. (US)
  • Adisseo (China)
  • Showa Denko K.K. (Japan)
  • Farbest Brands (US)
  • Jubilant Life Sciences Ltd. (India)
  • Vertellus Holdings LLC (US)

Research Methodology: Global Vitamins Market                                                                 

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

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 versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

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 customized 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 analyzed 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 (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The market value for Vitamins Market is expected USD 11.94 billion by 2029.
The Vitamins Market is to grow at a CAGR of 7.8% during the forecast period of 2022 to 2029
Factors driving this market include rising demand for functional and nutritionally enriched processed foods, the incidence of vitamin deficiencies, and feed fortification due to increased worldwide meat and dairy product consumption.
The major players operating in the Vitamins Market are BASF SE (Germany), DSM (Netherlands), ADM (US), SternVitamin GmbH & Co. KG (Germany), Glanbia plc (US), Lonza (Switzerland), Vitablend Nederland BV (Netherlands), Zagro (Singapore), Wright Enrichment Inc. (US), Adisseo (China), Showa Denko K.K. (Japan), Farbest Brands (US), Jubilant Life Sciences Ltd. (India), Vertellus Holdings LLC (US).