Global Vitamin Ingredients Market Size, Drivers, Trends, Opportunities And Strategies – Includes Vitamin Ingredients Market Share
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The rising prevalence of chronic medical diseases is expected to spur innovation in vitamin ingredient production, propelling the market during the forecast period.
The global vitamin ingredients market is expected to grow from $4.71 billion in 2022 to $4.98 billion in 2023 at a compound annual growth rate (CAGR) of 5.8%. The vitamin ingredients market size is expected to grow to $6.14 billion in 2027 at a CAGR of 5.4%.
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Global Vitamin Ingredients Market Segments Include:
- By Source: Natural, Synthetic
- By Type: Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K
- By Form: Solid, Liquid, Powder
- By Application: Pharmaceuticals, Foods And Beverages, Personal Care Products, Animal Feed, Other Applications
- By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global vitamin ingredients market in 2021.
Major Market Players in the vitamin ingredients market include Archer Daniels Midland Company, BASF SA, Bluestar Adisseo Company, Koninklijke DSM NV, Lonza Group, Nestlé SA, Amway Corporation, AIE Pharmaceuticals.
Product innovation is a key trend gaining popularity in the vitamin ingredient market. To maintain their position in the vitamin ingredients market, major players are introducing innovative products such as 100% natural active vitamin ingredients for a variety of applications. For example, in April 2021, Vytrus Biotech, a biotechnology company based in Spain, introduced Nectaria Lithops, a brand-new innovative natural active ingredient that stimulates vitamin D synthesis. It is an entirely natural active component that strengthens, revives, volumizes, and brightens fading skin by improving the skin’s microenvironment and increasing vitamin D production to produce D-Skin. The unique properties of Nectaria Lithops promote vitamin D synthesis in skin cells, hydrate the deepest layers of the skin, increase cheek volume and dewiness, and improve oxygenation, microcirculation, skin tone, and texture. It can be used for various cosmetic applications such as deep skin hydration and water retention, skin dewiness treatments, sun care, healthy skin, brightness, and skin microcirculation and oxygenation.
The Vitamin Ingredients Global Market Report 2023 provides a vitamin ingredients market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The vitamin ingredients market forecast analyzes vitamin ingredients market size, vitamin ingredients market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Vitamin ingredients are the substances that the human body requires in order to develop and function properly. Vitamins are derived from vegetables, milk, meat, and other sources.
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