Vitamins are necessary nutrients as they act in concert with many other substances in your body. They help heal wounds, shore up your immune system, and replenish the cells and tissues. They repair cellular damage, convert food into energy and make energy from cell decay. Vitamins are needed to maintain a healthy nervous system, a well-developed muscular system and strong bones.
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There are several classes of vitamins, including A, B, C, E and K. All of these nutrients support healthy aging and keep diseases like Alzheimer’s, Parkinson’s and arthritis at bay. While there are other classes of nutrients, these are the four most important. For those who don’t take multivitamins, or aren’t certain that they have all the nutrients that they need, you can make homemade supplements containing vitamins and minerals that you would consume if you ate a healthy diet.
The four fat-soluble vitamins are necessary for proper absorption of the other vitamins and minerals in your bloodstream. When these substances are not absorbed properly they can lead to various problems. Magnesium, calcium, vitamin D and potassium are contained in many fruits and vegetables and a weekly serving of these vitamins and supplements will ensure that your bloodstream receives the proper amount of vitamins and minerals.
Recent Developments:
Major players operating in the global vitamins market are focused on launching new products to expand their product portfolio. For instance, in December 2020, Nature’s Bounty launched Immune 24 Hour, a supplement that contains the Vitamin C.
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Global Vitamins Market: Drivers
High prevalence of vitamin deficiency is expected to propel growth of the global vitamins market over the forecast period. For instance, around 250 million preschool children were vitamin A deficient in 2012, according to World Health Organization.
Moreover, high prevalence of neurological diseases is also expected to aid in growth of the market. For instance, in January 2021, in a study published in the journal Neurology, researchers from University of Milano-Bicocca, Milan, Italy, reported that increasing intake of vitamins C and E can protect against Parkinson’s disease.
Global Vitamins Market: Opportunities
Increasing demand for clinical nutrition in pediatric category is expected to offer lucrative growth opportunities for players in the global vitamins market. This is attributed to high number of premature birth in emerging economies. For instance, according to the World Health Organization’s November 2018 release, the preterm births during 2014 was 13·4% in North Africa.
Market Trends:
Emergence of Covid-19 has led to increasing focus on vitamins. For instance, in June 2021, researchers in King’s College London, London, and Fujitsu Technology Solutions S.A., Spain, reported that vitamin B12 can be used as a therapeutics against SARS-CoV-2.
Moreover, increasing expenditure on personal care products is also expected to aid in growth of the market. For instance, according to the U.S. Bureau of Labor Statistics, average annual expenditure on personal care products in the U.S. increased from US$ 707 in 2016 to US$ 768 in 2018.
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Key Takeaways
- The global vitamins market size was valued at US$ 5.16 billion (revenue) in 2016 and is expected to expand at a CAGR of 4.98% in terms of revenue during 2017 – 2025.
- Among distribution channel, mass merchandisers segment is expected to hold dominant position in the global vitamins market over the forecast period and is expected to expand at a CAGR of over 4.96% in terms of revenue over the forecast period. According to Coherent Market Insights’ analysis, the global mass merchandisers market is projected to reach over 2.41 billion units by the end of 2021, which is expected to boost growth of vitamins market during the forecast period.
- North America, followed by Europe and Asia Pacific, respectively, accounted for major share in the global vitamins market in terms of revenue in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Asia Pacific held a share of 27.64% in terms of revenue, followed by Europe (28.10%).
- The animal source segment in the global vitamins market is expected to witness a CAGR of 4.99% from 2017 to 2025.
Global Vitamins Market: Competitive Landscape
Major players operating in the global vitamins market include Lonza Group Ltd., CSPC Pharmaceuticals Group Limited, BASF SE, North China Pharmaceuticals Corporation, Archer Daniels Midland Co., Pharmavite LLC, Adisseo France S.A.S., Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd.
Global Vitamins Market: Key Developments
Major players operating in the global vitamins market are focused on launching new products to expand their product portfolio. For instance, in October 2019, Bausch + Lomb launched PreserVision AREDS 2 Formula minigel eye vitamins in the U.S.
Major players operating in the global vitamins market are focused on adopting M&A strategies to expand their product portfolio. For instance, in 2017, Ashland announced to acquire Pharmachem Laboratories, a provider of ingredients in health and wellness industries.
Table of Contents
- Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet By Source
- Market Snippet By Product Type
- Market Snippet By End Use
- Market Snippet By Distribution Channel
- Market Snippet By Region
- Coherent Opportunity Map (COM)
- Report Description
- Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Supply Side Drivers
- Demand Side Drivers
- Economic Drivers
- Restraints
- Market Opportunities
- Regulatory Scenario
- Industry Trends
- Mergers and Acquisitions
- New Product Approvals/Launches
- Promotion and Marketing Initiatives
- Drivers
- Cost Tier Down Analysis
- Market Dynamics
- Global Vitamins Market, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Introduction
- Market Share Analysis, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, 2017–2025
- Segment Trends
- Plant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Animal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Introduction
- Global Vitamins Market, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Introduction
- Market Share Analysis, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, 2017–2025
- Segment Trends
- Vitamins A
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Vitamins B
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Vitamins C
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Vitamins D
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Vitamins E
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Vitamins K
- Introduction
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons) Global Vitamins Market, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Introduction
- Market Share Analysis, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, 2017–2025
- Segment Trends
- Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Introduction
- Global Vitamins Market, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Introduction
- Market Share Analysis, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, 2017–2025
- Segment Trends
- Hypermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Supermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Mass Merchandisers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2017–2025, (US$ Mn and Kilo Tons)
- Introduction
- Global Vitamins Market, By Regions, 2017–2025 (US$ Mn and Kilo Tons)
- Introduction
- Market Share Analysis, By Region, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, For Regions, 2017–2025
- North America
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- U.S.
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Canada
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- U.S.
- Europe
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- U.K.
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Germany
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Italy
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- France
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Russia
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Rest of Europe
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- U.K.
- Asia Pacific
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- China
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- India
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Japan
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- ASEAN
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Australia
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- South Korea
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Rest of Asia Pacific
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- China
- Latin America
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- Brazil
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Mexico
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Rest of Latin America
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Brazil
- Middle East
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- GCC Countries
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Israel
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Rest of Middle East
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- GCC Countries
- Africa
- Market Share Analysis, By Country, 2017 & 2025 (%)
- Y-o-Y Growth Analysis, By Country, 2017–2025
- Northern Africa
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Central Africa
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- South Africa
- Country Trends
- Market Size and Forecast, By Source, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Product Type, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By End Use Industry, 2017–2025 (US$ Mn and Kilo Tons)
- Market Size and Forecast, By Distribution Channel, 2017–2025 (US$ Mn and Kilo Tons)
- Northern Africa
- Introduction
- Competitive Landscape
- Heat Map Analysis
- Market Share Analysis
- Company Profiles
- Section
- References
- Research Methodology
- About us and Sales Contact
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