Vitamin Ingredients Market Size & Share 2021 Analysis by Industry Statistics, Production, Business Opportunity, and Forecast to 2030

In a recent published report, Kenneth Research has updated the market report for Vitamin Ingredients Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

According to the statistics by the Organization for Economic Co-operation and Development (OECD), the United States recorded to be the largest exporters of international trade in services amongst all the OECD nations with a value worth USD 827 billion in the year 2018.

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Global Vitamin Ingredients Market is estimated to reach $8,573 million by 2014; growing at a CAGR of 4.9% from 2016 to 2024. Vitamins are essential nutrients which contribute to a healthy life, including growth, digestion and nerve functions. There are 13 vitamins which are absolutely necessary such as vitamins A, C, D, E, K and B, thiamine, riboflavin and among others. Vitamins can be categorized into two: water soluble and fat soluble. Vitamin supplements are usually recommended by doctors for certain health problems, patient with vegan diet and pregnant or breast feeding women. Consuming too much of vitamins can also cause certain problems. Many toxic ingredients are also used in the manufacture of vitamins such as additives, traces of minerals, heavy metals and chemicals and among others. In June 2007, FDA has established dietary supplement current Good Manufacturing Practice (cGMP) regulations requires the manufacturers to evaluate their products through testing the identity, purity, strength and composition before selling it in the market. Moreover, the National Academy of Sciences, in the U.S. has listed the upper limits of intake of some vitamins and minerals that should not be exceeded during any given day.

Increasing awareness for preventive measures among consumers along with growing geriatric population in many developed and emerging economies are the major factors supporting the growth of the vitamin ingredients market. Moreover, rising demand for vitamin added foods and cosmetics and government initiation for necessary intake of vitamins among children and pregnant women are also fueling the growth of the market. However, fortified foods and other supplements such as fish oils may hinder the growth of the market. Furthermore, e-commerce and entry of private labels offering their new brands with improved formulations, packaging and in-store consumer education would provide opportunity for growth in the upcoming years.

The global vitamin ingredients market is segmented based on the product type, application and geography. By product type, it is further segmented into Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E and Vitamin K. Furthermore, applications are segmented into pharmaceuticals, food & beverages, cosmetics, animal feed and others.

By geography, the global vitamin ingredients market is segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers U.K., Germany, Italy, France, Spain and others. Asia-Pacific covers China, Japan and others. Rest of the World (RoW) covers Middle East, South America and Africa.

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Key market players of vitamin ingredients market include Bayer AG, BASF SE, Pharmavite LLC, Herbalife International, Inc., Archer Daniels Midland Co., Lonza Group Ltd., North China Pharmaceutical Corporation, Adisseo France S.A.S, Nutraceutical Corporation and Glanbia plc.

The key takeaways from the report
The report will provide detailed analysis of Vitamin Ingredients Market with respect to major segments such as product type and application
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024.Comprehensive analysis of market dynamics including factors and opportunities will be provided in the report. An exhaustive regional analysis of Vitamin Ingredients market will be included in the report.

Profile of the key players of the Vitamin Ingredients market, will be provided, which include key financials, product & services, new developments, and business strategies.

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Scope of Vitamin Ingredients Market
Product Type Segments

Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
Applications Segments

Pharmaceuticals
Food & Beverages
Cosmetics
Animal Feeds
Others

Geography Segments

North America
US
Canada
Mexico
Europe
U.K.
Germany
Italy
France
Spain
Others
Asia-Pacific
China
Japan
Others
RoW
Middle East
South America
Africa

About Kenneth Research

Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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