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Global Vitamin Consumption Market Size, Share, Analysis Challenges, and Future Growth Forecast 2022-2031

Kenneth Research has recently added a report titled Global Vitamin Consumption Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2022-2031.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical/Energy industries, creating a huge demand for products.

Get a Sample Copy of this Report with Graphs and Charts: https://www.kennethresearch.com/sample-request-10078557

Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth. According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 201

Global Vitamin Consumption Market valued approximately USD 5.4 billion in 2016 is anticipated to grow with a healthy growth rate of more than 2.54% over the forecast period 2018-2025. The Vitamin Consumption Market is continuously growing in the global scenario at significant pace. Vitamins are organic chemical compound which are found in tiny amounts in natural foodstuffs, these vitamins are needed and/or required by an organism as a vital nutrient to sustain life because they play an important role in normal metabolism process, growth and vitality. Rising awareness among people about lifestyle diseases and preventive healthcare, growing demand from food & beverage industries and growth healthcare supplements industry are the substantial driving factors of the market across the globe. Moreover, growing demand from developing regions and rising geriatric population are the factors which likely to create lucrative opportunities in the market over the upcoming years. Vitamin Consumption offer various benefits such as it can improve immune system, it strengthen the bones, it improves the vision and so on. These benefits are resulting in increasing demand of vitamin consumption across the world. However, health concerns and the availability of counterfeit products are the factors that limiting the market growth of vitamin consumption during the forecast period.

The regional analysis of Global Vitamin Consumption Market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share due to rising urbanization and growing requirements of vitamin supplements in the region. Further, Europe is estimated to grow at stable rate in the global Web Conferencing Software market over the upcoming years. North America is also anticipated to exhibit higher growth rate / CAGR over the forecast period 2018-2025 owing to increasing consumption of vitamin among people in the region.

The major market player included in this report are:

• DSM
• Lonza
• CSPC Pharmaceutical Group
• BASF
• Zhejiang Medicine
• Shandong Luwei Pharmaceutical
• Northeast Pharmaceutical
• North China Pharmaceutical
• NHU
• Jubilant Life Sciences

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Vitamin A
Vitamin B3
Vitamin B5
Vitamin D3
Vitamin E
Vitamin C
Others

By Application:
Feed Additives
Pharmaceuticals and Cosmetics
Food and Beverages

By Regions:
North America
U.S.
Canada
Europe
UK
Germany
Asia Pacific
China
India
Japan
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:
Historical year – 2015, 2016
Base year – 2017
Forecast period – 2018 to 2025

Target Audience of the Global Vitamin Consumption Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

About Kenneth Research

Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defence, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research, are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.

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