The Infinium Global Research analyzes the Vitamin Ingredients Market over the period of 2019 to 2025. This report also provides detailed qualitative and quantitative analyses of the market dynamics, market size, and future trends in the global vitamin ingredients market. It will help a lot of decision makers to develop strategies and find new opportunities in the global markets of vitamin ingredients. The report covers market changing aspects including drivers, restraints, opportunities, and trends expected to encouragement the expansion of the vitamin ingredients market during the period. The global vitamin ingredients market is projected to grow at a CAGR of 7.45% over the forecast period of 2019-2025.
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Vitamins are important nutrients that are required for the normal functioning and development of the human body. Vitamins help to cope up with the insufficiencies caused owing to eating habits and changes in lifestyle. Vitamin ingredients such as vitamin A, B, C, D, E, and F are used in cosmetics, pharmaceuticals, food & beverages, animal feeds, and other industries. These ingredients help in boosting immunity, maintaining body metabolism, and facilities digestion. Several vitamins work in collaboration with each other and have their own benefits. Further, they are consumed as per the purpose they serve. For instances, Vitamin D helps in the consumption of calcium in the body. It helps in avoiding several diseases such as Alzheimer’s and others.
Increase in the Aging Population and Healthcare Awareness is Contributing to the Growth of this Market
Changes in standard of living and growing consumption of junk food have resulted in a lack of necessary vitamins which has increased the intake of vitamin ingredients. These factors are supporting the growth of the vitamin ingredient market. Rising awareness about conflicting health effects such as infertility & night blindness caused due to deficiency of vitamin A and blurry vision & nausea caused owing to thiamine deficiency is increasing the growth of the vitamin ingredient market in personal care and food market. As per WHO vitamin A deficiency in pregnant women causes night blindness and can upsurge the risk of maternal mortality.
Further, VAD is the main reason for blindness in children and raises the risk of death & disease from severe infections. Further, the increase in the aging population and healthcare awareness is contributing to the growth of this market. Lack of vitamins and nutrients in children due to poor diet may cause rickets, restrict muscle development & movement ability, and hypocalcemia. As per WHO in 2016, projected that 155 million children below the age of 5 years were suffering from stunting, whereas 41 million were obese or overweight. In addition to this, 1.9 billion adults were obese or overweight whereas, 462 million were underweight. On the contrary, side effects from overconsumption and lack of consciousness about the dosage of dietary supplements may hamper the growth of the vitamin ingredient market. Moreover, strict labeling regulations such as the U.S. Dietary Supplements Health and Education Act (DSHEA) that permits the FDA to check the labeling and safety of the products before marketing is likely to generate the growth opportunity for the vitamin ingredient market during the forecast period.
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North America Holds the Largest Market Share in Vitamin Ingredient Market
As per the geographies, North America holds the largest market share in the vitamin ingredient market followed by the Asia Pacific region. In the North America region factors such as growing demand for low-calorie dietary products in order to reduce obesity, an upsurge in the aging population, and favorable government policies regarding the safety of the products are some of the major factors driving the growth of the market. In the Asia Pacific region growing nutritional imbalance due to increasing consumption of junk food, smoking, alcohol, changing lifestyle, increasing disposable income which allows consumers to spend more on functional feed and dietary supplements are boosting the growth of the vitamin ingredient market in the Asia Pacific region.
Vitamin Ingredients Market: Segmentation
The report on the global vitamin ingredients market covers segments such as product type, application, and source. On the basis of product type, the sub-markets include vitamin A, vitamin B, vitamin C, vitamin D, vitamin E, and vitamin K. On the basis of application, the sub-markets include food & beverages, healthcare products, personal care products, and animal feed. On the basis of source, the sub-markets include natural, and synthetic.
Vitamin Ingredients Market: Competitive Landscape
The report provides profiles of the companies in the market such as Btsa Biotecnologías Aplicadas S.L, Glanbia plc, SHOWA DENKO K.K, Archer Daniels Midland Company, Adisseo, BASF SE, Rabar Animal Nutrition, Lonza, Wright Enrichment Inc., Farbest Brands, and Others.
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Reasons to Buy this Report:
- Comprehensive analysis of global as well as regional markets of the vitamin ingredients.
- Complete coverage of all the product type and applications segments to analyze the trends, developments, and forecast of market size up to 2025.
- Comprehensive analysis of the companies operating in this market. The company profile includes analysis of product portfolio, revenue, SWOT analysis and the latest developments of the company.
- Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus to invest, consolidate, expand and/or diversify.
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