Uploaded on Feb 28, 2022
Vitamins are organic compounds, which is essential for the normal growth and development of anorganism. Vitamins are classified as water soluble and fat soluble vitamins. Increasing consumerawareness about wellbeing in North America and Europe is the key factor of the growth of theglobal vitamins market during 2017-2025.
Global Vitamins Market Statistics and Research Analysis Released in Latest Report.
Global Vitamins Market Statistics and Research Analysis Released in Latest Report.
Market Overview:
Vitamins are organic compounds, which is essential for the normal growth and development of an
organism. Vitamins are classified as water soluble and fat soluble vitamins. Increasing consumer
awareness about wellbeing in North America and Europe is the key factor of the growth of the
global vitamins market during 2017-2025. According to Coherent Market Insights---the market for
vitamins is expanding at a CAGR of 4.98% during the forecast period. Rapidly increasing number
of elderly people across the world, is in turn projected to propel the market for vitamins during the
forecast period. As, with age the body finds difficulty to absorb adequate amount of nutrients from
the food, also the elderly people primarily suffer from vitamins D, which can be easily obtained by
exposure to sunlight. Also, increasing incidence of lifestyle diseases such as deficiency of vitamins,
night blindness, digestive disorder and osteomalacia are expected to fuel the growth of the market
for vitamins.
Vitamins are primarily extracted from two sources, namely, plant and animal sources. The
increasing preferences for food supplements to fulfill the required needs, which in turn is expected
to boost the market for vitamins. Moreover, milk, yoghurt, cheese are also extracted from animals
which are rich in various kind of vitamins. The animal source segment is dominating the global
vitamin market in the last five years and is expected to retain the trend during the forecast period.
However, the plant source is also gaining traction, due to the change in eating habits and consumer
preferences for green vegetables and fruits.
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Market Dynamics:
North America dominated the market in 2016 and the trend is expected to remain the same during
2017-2025. The increasing demand for vitamins in various end-use industries such as food &
beverages and pharmaceuticals, due to rise in consumer awareness and stringent government
regulations over following years is the major driving force to position North America as the largest
region in the global vitamins market. For instance, in June 2007, U.S. Food & Drug Administration
(FDA), introduced dietary supplement of "current Good Manufacturing Practice" (cGMP), this
regulations forces the manufacturers to evaluate their products through testing identity, purity,
strength, and composition. Moreover, Europe market is expected to experience significant growth,
during the forecast period.
Detailed Segmentation:
• Global Vitamins Market, By Source:
• Plant
• Animal
• Others
• Global Vitamins Market, By Product Type:
• Vitamin A
• Vitamin B
• Vitamin C
• Vitamin D
• Vitamin E
• Vitamin K
• Global Vitamins Market, By End Use Industry:
• Food and Beverages
• Personal Care
• Animal Feed
• Pharmaceutical
• Others
• Global Vitamins Market, By Distribution Channel:
• Hypermarket
• Supermarket
• Mass Merchandisers
• Specialty Stores
• Others
Major players operating in the global vitamins market include Adisseo France S.A.S., Archer
Daniels Midland Co., BASF SE, CSPC Pharmaceuticals Group Limited, Lonza Group Ltd., North
China Pharmaceuticals Corporation, Pharmavite LLC, and Zhejiang Hangzhou Xinfu
Pharmaceutical Co. Ltd., among others.
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