A recent report published by Infinium Global Research on vitamin ingredients market provides in-depth analysis of segments and sub-segments in the global as well as regional vitamin ingredients market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vitamin ingredients market over the short term as well as long term. The report is a comprehensive presentation of trends, forecast and dollar values of global vitamin ingredients market. According to the report, the global vitamin ingredients market is projected to grow at a CAGR of 7.45% over the forecast period of 2019-2025.
Vitamins are important nutrients which are required for normal functioning and development of the human body. Vitamins help to cope up with the insufficiencies caused owing to eating habits and changes in lifestyle. Vitamin ingredients such as vitamin A, B, C, D, E, and F are used in cosmetics, pharmaceuticals, food & beverages, animal feeds, and other industries. These ingredients help in boosting immunity, maintaining body metabolism and facilities digestion. Several vitamins work in collaboration with each other and have their own benefits. Further, they are consumed as per the purpose they serve. For instances, Vitamin D helps in the consumption of calcium in the body. It helps in avoiding several diseases such as Alzheimer’s and others.
Changes in standard of living and growing consumption of junk food has resulted in a lack of necessary vitamins which has increased the intake of vitamin ingredients. These factors are supporting the growth for vitamin ingredient market. Rising awareness about conflicting health effects such as infertility & night blindness caused due to deficiency of vitamin A and blurry vision & nausea caused owing to thiamine deficiency is increasing the growth of vitamin ingredient market in personal care and food market. As per WHO vitamin A deficiency in pregnant women causes night blindness and can upsurge the risk of maternal mortality. Further, VAD is the main reason for blindness in children and raises the risk of death & disease from severe infections. Further, the increase in the aging population and healthcare awareness is contributing to the growth of this market. Lack of vitamin and nutrients in children due to poor diet may cause rickets, restrict muscle development & movement ability, and hypocalcemia. As per WHO in 2016, projected that 155 million children below the age of 5 years were suffering from stunting, whereas 41 million were obese or overweight. Addition to this, 1.9 billion adults were obese or overweight whereas, 462 million were underweight. On the contrary, side-effects from overconsumption and lack of consciousness about the dosage of dietary supplements may hamper the growth of vitamin ingredient market. Moreover, strict labeling regulations such as U.S. Dietary Supplements Health and Education Act (DSHEA) that permits the FDA to check the labeling and safety of the products before marketing is likely to generate the growth opportunity for vitamin ingredient market during the forecast period.
As per the geographies, North America holds the largest market share in vitamin ingredient market followed by Asia Pacific region. In North America region factors such as growing demand for low-calorie dietary products in order to reduce obesity, upsurge in aging population and favorable government policies regarding the safety of the products are some of the major factors driving the growth of the market. In Asia Pacific region growing nutritional imbalance due to increasing consumption of junk food, smoking, alcohol, with changing lifestyle, increasing disposable income which allows consumers to spend more on functional feed and dietary supplements are boosting the growth of vitamin ingredient market in Asia Pacific region.
The report on global vitamin ingredients market covers segments such as product type, application, and source. On the basis of product type, the sub-markets include vitamin A, vitamin B, vitamin C, vitamin D, vitamin E, and vitamin K. On the basis of application, the sub-markets include food & beverages, healthcare products, personal care products, and animal feed. On the basis of source, the sub-markets include natural, and synthetic.
The report provides profiles of the companies in the market such as Btsa Biotecnologías Aplicadas S.L, Glanbia plc, SHOWA DENKO K.K, Archer Daniels Midland Company, Adisseo, BASF SE, Rabar Animal Nutrition, Lonza, Wright Enrichment Inc., Farbest Brands, and Others.
The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of vitamin ingredients market. Moreover, the study highlights current market trends and provides forecast from 2019-2025. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.
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