[b]Vitamin industry growth predicted to grow owing to increased health awareness[/b]

[b]Mumbai, India – June 3, 2014 -[/b] The overall vitamin market size is currently valued at USD 68 billion. Inspite of being a competitive landscape, the industry has been recently facing slow growth due to various challenges ranging from economic crisis, overabundance of products in mature markets, regulation and patent difficulties. However, in the upcoming years, driven by the increased health awareness and disposable income of the middle class families, the global vitamin and provitamin industry is predicted to grow at 2.6% per annum. In the years 2007 and 2013, the vitamin industry growth was recorded at 8% with the market growth being dominated by vitamin E at present that accounts for 37% of the global demand. The remaining global vitamin and provitamin market is divided between vitamin A – 5.2%, vitamin B1- 4.4%, vitamin C- 17.4%, Vitamin B6 – 4%, Vitamin B12- 3.8%, Vitamin B3 and B5 – 3% and other vitamins and provitamins 22.5%.

This report: Global Vitamin and Provitamin Market to 2018 - Market Size, Top 10 Countries, Trends, and Forecasts gives an overview of most up-to-date market data on the actual market situation, trends, and outlook for vitamins and provitamins in the world.

[b]Key regions for the growth[/b]
The important areas where the vitamin market share is growing are Argentina, China, France, India, Indonesia, Japan, Mexico, Singapore, South Korea, United States. The strongest annual growth is also forecasted in some emerging economies like Belgium 22%, Netherlands 14.2%, Slovakia 10.9%, Panama 11.3% and Slovenia 42.4%.

[b]Key drivers for growth [/b]
Despite the challenges in the vitamin market, specific market segments are showing higher growth thanks to increased supplements such as antioxidants, fish oils and probiotics. Moreover, the recent bout of clinical trials in developed countries is also stabilizing, further spurring the growth of the segment. Furthermore, the vitamin industry statistics states that the global vitamin and provitamin market will reach new heights driven by the recent positive outlook in cosmetic and pharmaceutical end user markets.

[b]Market overview[/b]
With the recent growth in the demand for grooming products and the cosmetic industry, the vitamin and provitamin industry is also eyeing a robust growth during the forecasted period. Furthermore, affecting the growth is evolution of innovative food concepts and increased awareness of sports nutrition.

For further insights, click here, http://www.researchonglobalmarkets.com/global-vitamin-and-provitamin-market-to-2018-market-size-top-10-countries-trends-and-forecasts.html

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