Global Vitamin Ingredients Market Size, Trends, and Growth Opportunity, By Type (Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Vitamin K), By Application (Pharmaceuticals, Food& Beverages, Animal Feed, and Cosmetics), By Form (Solid, Liquid, and Powder), By Region and Forecast to 2030.
Global Vitamin Ingredients Market
The Global Vitamin Ingredients Market was valued at USD 2.6 billion in 2022 and is expected to reach 3.9 billion by 2030, at a CAGR 3.77% during the forecast period 2023- 2030.
Vitamins are organic substances that can be found in foods including fruit, vegetables, eggs, and dairy products. Vitamins aid in the fundamental development of vital nutrients and speed up the body's metabolism. Additionally, they enhance the immune system and aid in the creation of skin, muscle, and bones as well as repair cells and tissues. There are two types of vitamins: fat-soluble and water-soluble. The body absorbs fat-soluble vitamins, which are stored for later use because the body cannot store them. Numerous businesses, including food, pharmaceuticals, and cosmetics, employ vitamins.
Market Drivers
One of the main drivers boosting the market's expansion is the rising prevalence of chronic medical conditions linked to vitamin deficiencies, together with the rising global elderly population. A favorable picture for the market is also being created by the growing demand for food products that are functional and nutritionally enhanced.
Additionally, the production of animal feed supplemented with vitamins for improved nutrition in meat and dairy products is also assisting in the market's expansion. Other growth-promoting factors include several commercial breakthroughs, such as the creation of naturally occurring, allergen-free Vitamin E. These vitamins are broadly employed in haircare, natural and organic cosmetics, skincare, and other personal care products, which are propelling the market's expansion in the coming year.
Market Restraints
A lack of knowledge regarding dietary supplement dose and potential hazardous side-effects from overconsumption are anticipated to hinder the market growth during the forecast period. The EU Directive, which limits the number & types of vitamins allowed for supplement manufacture, and the U.S. Dietary Supplements Health and Education Act (DSHEA), which gives the FDA the authority to check product health claims & hazards, could both help to boost the global market for food & personal care applications.
Market Segmentation
The Global Vitamin Ingredients Market is segmented into Type, Application, and Form.
Based on Type, the market is divided into Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Vitamin K.
Based on Application, the market is classified into Pharmaceuticals, Food& Beverages, Animal Feed, and Cosmetics.
Based on Form, the market is segmented into Solid, Liquid, and Powder.
Regional Analysis
The Global Vitamin Ingredients Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa.
North America is anticipated to account for a significant market share. As a result of their ability to aid individuals in achieving weight loss, increasing endurance, strengthening their muscles, and reducing fatigue, food supplements are anticipated to play a significant part in the growth of the local market.
The desire to lead a healthy lifestyle and growing consumer health concerns regarding chronic ailments in developed nations will continue to fuel expansion in the North American market. The Asia-Pacific area is expected to have rapid future development. The sector will also profit from rising per capita disposable income in many Asia-Pacific countries.
Key Players
Various key players are discussed in the Global Vitamin Ingredients Market Report including: Abbott Laboratories, Archer Daniels Midland Company, BASF SA, Bluestar Adisseo Company, Farbest-Tallman Foods Corp., Glanbia Plc, Lonza Group
Market Taxonomy
By Type
• Vitamin A
• Vitamin B
• Vitamin C
• Vitamin D
• Vitamin E
• Vitamin K
By Application
• Pharmaceuticals
• Food& Beverages
• Animal Feed
• Cosmetics
By Form
• Solid
• Liquid
• Powder
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Global Vitamin Ingredients Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Vitamin Ingredients Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Cumulative Impact due to recent Energy Crisis
4.2.5 Cumulative Impact due to nearing economic downturn
4.2.6 Post covid-19 world Supply & Demand conditions
4.2.7 Cumulative Impact of Russia-Ukraine Conflict
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Vitamin Ingredients Market, By Type
5.1 Y-o-Y Growth Comparison, By Type
5.2 Global Vitamin Ingredients Market Share Analysis, By Type
5.3 Global Vitamin Ingredients Market Size and Forecast, By Type
5.3.1 Vitamin A
5.3.2 Vitamin B
5.3.3 Vitamin C
5.3.4 Vitamin D
5.3.5 Vitamin E
5.3.6 Vitamin K
6 Global Vitamin Ingredients Market, By Application
6.1 Y-o-Y Growth Comparison, By Application
6.2 Global Vitamin Ingredients Market Share Analysis, By Application
6.3 Global Vitamin Ingredients Market Size and Forecast, By Application
6.3.1 Pharmaceuticals
6.3.2 Food& Beverages
6.3.3 Animal Feed
6.3.4 Cosmetics
7 Global Vitamin Ingredients Market, By Form
7.1 Y-o-Y Growth Comparison, By Form
7.2 Global Vitamin Ingredients Market Share Analysis, By Form
7.3 Global Vitamin Ingredients Market Size and Forecast, By Form
7.3.1 Solid
7.3.2 Liquid
7.3.3 Powder
8 Global Vitamin Ingredients Market, By Region
8.1 Global Vitamin Ingredients Market Share Analysis, By Region
8.2 Global Vitamin Ingredients Market Size and Forecast, By Region
9 North America Vitamin Ingredients Market Analysis and Forecast (2023-2030)
9.1 Introduction
9.2 North America Vitamin Ingredients Market Share Analysis, By Type
9.3 North America Vitamin Ingredients Market Size and Forecast, By Application
9.4 North America Vitamin Ingredients Market Size and Forecast, By Form
9.5 North America Vitamin Ingredients Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Vitamin Ingredients Market Analysis and Forecast (2023-2030)
10.1 Introduction
10.2 Europe Vitamin Ingredients Market Share Analysis, By Type
10.3 Europe Vitamin Ingredients Market Size and Forecast, By Application
10.4 Europe Vitamin Ingredients Market Size and Forecast, By Form
10.5 Europe Vitamin Ingredients Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.5.4 Rest of Europe
11 Asia Pacific Vitamin Ingredients Market Analysis and Forecast (2023-2030)
11.1 Introduction
11.2 Asia Pacific Vitamin Ingredients Market Share Analysis, By Type
11.3 Asia Pacific Vitamin Ingredients Market Size and Forecast, By Application
11.4 Asia Pacific Vitamin Ingredients Market Size and Forecast, By Form
11.5 Asia Pacific Vitamin Ingredients Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4 Rest of Asia Pacific
12 Latin America Vitamin Ingredients Market Analysis and Forecast (2023-2030)
12.1 Introduction
12.2 Latin America Vitamin Ingredients Market Share Analysis, By Type
12.3 Latin America Vitamin Ingredients Market Size and Forecast, By Application
12.4 Latin America Vitamin Ingredients Market Size and Forecast, By Form
12.5 Latin America Vitamin Ingredients Market Size and Forecast, Country
12.5.1 Brazil
12.5.2 Rest of Latin America
13 Middle East Vitamin Ingredients Market Analysis and Forecast (2023-2030)
13.1 Introduction
13.2 Middle East Vitamin Ingredients Market Share Analysis, By Type
13.3 Middle East Vitamin Ingredients Market Size and Forecast, By Application
13.4 Middle East Vitamin Ingredients Market Size and Forecast, By Form
13.5 Middle East Vitamin Ingredients Market Size and Forecast, By Country
13.6.1 Saudi Arabia
13.5.2 UAE
13.5.3 Egypt
13.5.4 Kuwait
13.5.5 South Africa
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Abbott Laboratories
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Archer Daniels Midland Company
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 BASF SA
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Bluestar Adisseo Company
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Farbest-Tallman Foods Corp.
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Glanbia Plc.
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Lonza Group
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
