Global Vitamin Ingredients Market is Anticipated to Reach USD 8.5 Billion by 2024

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According to Goldstein Research, global vitamin ingredients market is expected to grow from USD 5.9 billion in 2016 to reach USD 8.5 billon by 2024, growing at a compounded annual growth rate of 5.0% over the forecast period 2016-2024.The factors such as rising geriatric population and top players expanding their market to cater new demand for multi-vitamin based products is driving the growth of the market. Global vitamin ingredients market segmentation has been carried out on the basis of products, mode of consumption, application, and region. Based on the products, vitamin B holds the largest market share primarily due to the number of groups in it reaching to 8 groups and also due to vitamin B preventive impact on the disease such as scurvy, osteoporosis. Global vitamin ingredients market is majorly driven by the Asia-Pacific, growing at a CAGR of 7.0% during the forecast period on the back of large population demanding the vitamins based products and also the increasing disposable income coupled with health and dietary awareness among the people is impacting the growth of APAC vitamin ingredients market.

Market Segmentation

On the basis of our in-depth analysis, Global Vitamin ingredients market can be segmented as follows:

  • On the basis of products
    • Vitamin A
    • Vitamin B
    • Vitamin C
    • Vitamin D
    • Vitamin  E
    • Vitamin K
  • On the basis of mode of consumption
    • Pills
    • Powders
    • Creams
    • Liquids
  • On the basis of application
    • Pharmaceuticals
    • Food and beverage
    • Cosmetics
    • Animal Feeds
    • Others
  • By Region
    • North America (US, Canada) {Market Share (%), Market Size (USD Billion, Adoption Rate (%)}
    • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • The Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}
    • Rest of the World {Market Share (%), Market Size (USD Billion), Adoption Rate (%)}

 

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Vitamin Ingredients Market Trends & Challenges

The global vitamin ingredients industry outlook contains the detailed overview of the global vitamin ingredients market. On the basis of our in-depth analysis, the market can be segmented in terms of market segmentation by products, mode of consumption and application.

Further, for the in-depth analysis, Global Vitamin Ingredients Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such asBASF, Bayer, Amway, DSM, Dupont, Lonza, AIE Pharmaceuticals, Aland (Jiangsu) Nutraceuticals, Atlantic Essential Products, Bactolac Pharmaceutical, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments. Overall, the vitamin ingredients industry report represents the global market trends along with the market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.

About Goldstein Research

Based in the US, Goldstein Research currently has a strong presence in the American and Asian countries. In the next five years, we strive to expand our reach to 50+ nations spanning across Europe, Asia and parts of the Middle East and Africa. We strive to realize a strong brand presence globally through our quality research and forecasting solutions.

Our mission is simple: to develop insightful business solutions, help our clients make powerful future decisions to keep them well ahead of the game which is the market, and leave a mark across businesses and communities through our well-defined ideas and clear-cut forecasts. Our market research reports provide in-depth analysis of global and regional variations along with competitors’ overview. Our analysts working on food & beverages reports helping various tech-giants, tech start-ups, and entry players to assess the current and upcoming business scenario. We believe in the vigorous examination of the current market scenario and build around creative ideas and approaches that are most suitable for our clients’ needs and business agenda.

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