Global Vitamin Ingredient Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
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Global Vitamin Ingredient Market Overview:
"The Vitamin Ingredient Market size is expected to be worth around US$ xx Billion by 2021 from US$ X.xx million in 2031, growing at a CAGR of X.x% during the forecast period 2021 to 2031."
Vitamin is natural substance that is essential for the human body for an individual to sustain good health and vigor. Consumers widely use Vitamins for effective digestion, strong bones, good nutrient for hair and skin, cure heart disease, chronic diseases such as anti-aging, and stress, treat depression, nervousness, common cold, etc. There are two types of vitamins, including water-soluble vitamins and fat-soluble vitamins.
Water-soluble vitamins dissolve in water easily, and there are nine types of water-soluble vitamins, including Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B7, Vitamin B9, Vitamin B12, and Vitamin C. Fat-soluble vitamins are easily absorbed with fats and oils in a diet that can be stored in the fatty tissue of the consumer’s body. There are four types of vitamins: Vitamin A, D, E, and K.
Increasing health issues such as unusual vitamin deficiency may lead to chronic diseases. Growing demand for vitamin ingredients and supplements that give consumers all nutritional requirements are some key factors expected to drive the growth of the global vitamin ingredient market. In addition, being a natural supplement without any side effects, vitamins are used to treat hair loss and skin problems, protect eyes and bones, improve poor sleep, etc.
Moreover, increasing awareness about vitamins and their benefits has made them the most widely consumed products in the market. Rising demand for various types of vitamin supplements continues to drive the growth of pharmaceutical industries, which in turn drives the growth of the global vitamin ingredient market in parallel.
However, the availability of substitutes in the form of green vegetables, meats, fruits, etc., coupled with potential side effects of supplements and dietary medicines, are among the potential factors that could restrain the growth of the global vitamin ingredient market to a certain extent.
The market in North America is expected to register lucrative growth in terms of revenue. The market in the Asia Pacific is expected to register the fastest compounded annual revenue growth, owing to shifting preference towards a healthy lifestyle and rising awareness regarding vitamins and benefits it has on consumers suffering from chronic diseases. Moreover, the rising demand for vitamin supplements and increasing investments by pharmaceutical companies in various countries in the Asia Pacific region in the research and development of new and more efficient products are expected to continue to drive market growth in this region.
Global Vitamin Ingredient Market Segmentation:
Global Vitamin Ingredient Market Segmentation, by type:
- Water-soluble vitamins
- Fat-soluble vitamins
Global Vitamin Ingredient Market Segmentation, by-products:
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin E
- Vitamin K
Global Vitamin Ingredient Market Segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Ori Bionature
- Makers Nutrition
- ABH Pharma
- Nutriforce Nutrition
- DSM Corporate
- Bee Health
- Bactolac Pharmaceutical
- Nature Made
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