Market Overview

Vitaminsare organic compounds, which is essential for the normal growth and development of an organism. Vitamins are classified as water soluble and fat soluble vitamins. Increasing consumer awareness about wellbeing in North America and Europe is the key factor of the growth of the global vitamins market during 2017-2025.

According to Coherent Market Insights---the market for vitamins is expanding at a CAGR of 4.98% during the forecast period. Rapidly increasing number of elderly people across the world, is in turn projected to propel the market for vitamins during the forecast period. As, with age the body finds difficulty to absorb adequate amount of nutrients from the food, also the elderly people primarily suffer from vitamins D, which can be easily obtained by exposure to sunlight. Also, increasing incidence of lifestyle diseases such as deficiency of vitamins, night blindness, digestive disorder and osteomalacia are expected to fuel the growth of the market for vitamins.

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Market Dynamics

North America dominated the market in 2016 and the trend is expected to remain the same during 2017-2025. The increasing demand for vitamins in various end-use industries such as food & beverages and pharmaceuticals, due to rise in consumer awareness and stringent government regulations over following years is the major driving force to position North America as the largest region in the global vitamins market.

Detailed Segmentation:

Global Vitamins Market, By Source:

Plant

Animal

Others


Global Vitamins Market, By Product Type:

Vitamin A

Vitamin B

Vitamin C

Vitamin D

Vitamin E

Vitamin K

Global Vitamins Market, By End Use Industry:

Food and Beverages

Personal Care

Animal Feed

Pharmaceutical

Others

Key companies covered as a part of this study include Adisseo France S.A.S., Archer Daniels Midland Co., BASF SE, CSPC Pharmaceuticals Group Limited, Lonza Group Ltd., North China Pharmaceuticals Corporation, Pharmavite LLC, Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd.

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