What is Vitamins Market Scope?
Vitamins are organic molecules that are needed for normal health and growth. They are essential in trace amounts and must be obtained from the diet because they are not synthesized in the body. Lack of different vitamins and the overdose of various vitamin supplements can cause several diseases and permanent damages. The increased per-capita income and increased health awareness among people are the major factors boosting the market growth
The Vitamins market study is being classified by Type (Fat-soluble and Water-soluble), by Application (Food & Beverages, Personal Care, Animal Feed and Pharmaceuticals) and major geographies with country level break-up.
Research Analyst at AMA predicts that Players from European will contribute to the maximum growth of Global Vitamins market throughout the predicted period.
Koninklijke DSM N.V. (Netherlands), Glanbia PLC (Ireland), ADM (United States), BASF (Germany), Lonza Group (Switzerland), Vitablend Nederland B.V. (Netherlands), Sternvitamin GmbH & Co. Kg (Germany), Farbest-Tallman Foods Corporation (United States), Pharmavite (Otsuka Pharmaceutical Co., Ltd.) (United States), Watson Inc. (United States) and Zagro (Singapore) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are The Wright Group (United States), Adisseo (China) and Showa Denko K.K. (Japan).
Analyst at AMA have segmented the market study of Global Vitamins market by Type, Application and Region. On the basis of Type, Fat-soluble are dominating the market in the year 2019 where as Water-soluble stood as second largest market share.
On the basis of application, Food & beverages segment is dominating the market in the year 2019 where as Pharmaceuticals segment stood as second largest market.
On the basis of geography, the market of Vitamins has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2019. Asia Pacific on the other hand stood as second largest market due to the presence of key companies into the region and high technological advancement.
Market Influencers and their development strategies
On 30 November 2018, DSM and FCB agree to collaborate as partners in nutrition and health. Royal DSM and FC Basel 1893 announced their new partnership in nutrition and health. As part of this collaboration, DSM is committed to the promotion of top-level football in the Basel (CH) region as a new FCB Premium Partner.
On 12th May 2020, Pharmavite, a leader in the health and wellness industry and the makers of Nature Made vitamins, announced the launch of nourishment by Nature Made. This new vitamin subscription service uses a unique, comprehensive assessment to offer a highly personalized 30-day supply of convenient grab-and-go vitamin packets shipped and delivered right to your doorstep – making supplemental nutrition simple.
"FDA regulates both finished dietary supplement products and dietary ingredients. FDA regulates dietary supplements under a different set of regulations than those covering "conventional" foods and drug products under the Dietary Supplement Health and Education Act of 1994 (DSHEA)."
Influencing Market Trend
- Demand for Vitamin-D projected to increase at the highest rate
- Online Availability of Vitamins Ranges
- Increasing demand for vitamin supplements
- Growing demand for functional and nutritionally enriched processed food products
- Obtaining of Natural Allergen-free Vitamin E and Surging Awareness about Consuming Vitamins
- Constrained Supply of Raw Materials for Vitamins Along with High Costs
- A rising shift towards Ayurveda and Homeopathy
- Low-Quality Vitamisn Product Range in the Market
Key Target Audience
Manufacturers of Vitamin, Importers and exporters Vitamin, Vitamin traders, distributors, and suppliers, Manufacturers and processors food and feed ingredient, Manufacturers, processors, distributors, and traders, Government and research organizations, Associations and industry bodies and Others
Customization available in this Study:
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