Coherent Market Insights published a business research report on Vitamins Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2023–2030. Vitamins Market with 150+ market data Tables, Pie Chat, Graphs & Figures spread through Pages and easy to understand detailed analysis. The information is gathered based on modern floats and requests identified with the administrations and items.
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Overview:
Human body requires vitamins for appropriate development and growth. Due to lack of vitamins various diseases such as xerophthalmia, night blindness and keratomalcia, and deficiency of vitamins can develop. Vitamins are divided into two types, fat based and water based. The awareness regarding different vitamins deficiency is increasing all over the world. Due to dearth of food security, education and monitoring in middle- and low-income countries, the challenge of micronutrient deficiency is growing around the world. Children are majorly affected by these deficiencies due to Vitamin D, A, iron and iodine deficiencies as well as rickets and clinical anemia. Vitamins are used in several end-use industries such as pharmaceuticals, Food & beverages, personal care and animal feed.
The global vitamins market size had a value of US$ 5.16 billion in 2016 and is estimated to expand at a CAGR of 4.98% in terms of revenue during 2017 – 2025.
Market Drivers:
The segment of mass merchandisers is witnessing rapid growth, which is expected to propel growth of the global vitamins market during the forecast period. As per the Coherent Market Insights data, the global merchandiser market is likely to reach nearly 2.42 billion units by 2021 end, which is further expected to support the vitamins market growth. For instance, in June 2016, AR Walmart, the leading mass market retailer, was operating over 11,453 Walmart stores in the United States.
Furthermore, increasing awareness among consumers regarding good health and rise in demand for dietary supplements is also anticipated to augment growth of the global vitamins market over the forecast period.
Key players in the market are increasingly focusing on strengthening product portfolio and regional expansion, which is likely to fuel the market growth during the forecast period. For instance, in April 2017, Ashland completed acquisition of Pharmachem Laboratories, who is a leading provider of ingredients to health and wellness industries.
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Regional Insights:
Among regions, North America followed by Europe and Asia Pacific is anticipated to witness substantial growth in the global vitamins market over the forecast period.
Moreover, Asia Pacific is also anticipated to witness strong growth in the global vitamins market during the forecast period. This is owing to growing supplement demand due to awareness among people, rise in retail and hospitality sector, and rapid growth of economy in countries such as India and China with high disposable income in the region. For instance, as per the India Brand Equity Foundation, Indian retail market is anticipated to double from US$ 600 billion in 2015 to US$ 1 trillion by 2020, as the urbanization and income in the country is increasing.
Key Players:
Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd., Adisseo France S.A.S., Pharmavite LLC, Archer Daniels Midland Co., North China Pharmaceuticals Corporation, BASF SE, Lonza Group Ltd., and CSPC Pharmaceuticals Group Limited are some of the Key players operating in the global vitamins market.
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Table of Content
Chapter 1 Industry Overview
1.1 Definition
1.2 Assumptions
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Global Vitamins Market Size Analysis from 2023 to 2030
11.6 COVID-19 Outbreak: Vitamins Industry Impact
Chapter 2 Global Vitamins Competition by Types, Applications, and Top Regions and Countries
2.1 Global Vitamins (Volume and Value) by Type
2.3 Global Vitamins (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Vitamins Sales, Consumption, Export, Import by Regions (2018-2023)
Chapter 5 North America Vitamins Market Analysis
Chapter 6 East Asia Vitamins Market Analysis
Chapter 7 Europe Vitamins Market Analysis
Chapter 8 South Asia Vitamins Market Analysis
Chapter 9 Southeast Asia Vitamins Market Analysis
Chapter 10 Middle East Vitamins Market Analysis
Chapter 11 Africa Vitamins Market Analysis
Chapter 12 Oceania Vitamins Market Analysis
Chapter 13 South America Vitamins Market Analysis
Chapter 14 Company Profiles and Key Figures in Vitamins Business
Chapter 15 Global Vitamins Market Forecast (2023-2030)
Chapter 16 Conclusions
Research Methodology
Continued….
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