Global Vitamins and Derivatives Market Trends & Future Insights Analyzed for the Period 2017 – 2026

Increasing level of awareness about consuming healthy food, especially among aging population is driving the demand for food products with vitamins and derivatives. Consumption of such products has also increased in emerging economies such as China, India and Brazil. Regular intake of vitamins and derivatives is extremely important for proper development and functioning of the health. Vitamins are added to a wide range of healthcare products, which continue to witness an uptrend owing to their growing importance in the fast-paced life of a modern consumer. 

At the same time, increased consumption of vitamin supplements and desires of having enhanced physical appearance has led to a greater demand for vitamins and derivatives globally. FactMR’s recently published report reveals that the global vitamins and derivatives market will exhibit a steady growth during the forecast period (2017-2026). In terms of volume, the market is expected to reach 165,075 tons by 2026-end. In recent years, trend of leading a healthier and active life has become more prominent, which is fueling the demand for functional food.

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According to a new report published by FactMR, the global vitamins and derivatives market is expected to surpass 165,000 tons by the end of 2026 in terms of volume. During the forecast period (2017-2026), the market is projected to exhibit a CAGR of 3.5% in term of value. Rising health awareness among consumers, increasing demand for healthy and functional food, expanding geriatric population are some of important factors likely to influence the global consumption of vitamins and derivatives during the review period. 

The scope of Fact.MR’s report is to analyze the global vitamins and derivatives market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global vitamins and derivatives market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to vitamins and derivatives.

Key Insights from the Report Include:

1) Based on target group, the adult women segment is expected to hold its dominant position over 2026. The segment currently represents for more than 51% revenue share of the global market and expected to exhibit a CAGR of 2.8% during the assessment period
2) Consumption of vitamins and derivatives is relatively higher among adult women. This is primarily owing to a greater need for nutrition in adult women. Moreover, women all over the world are becoming increasingly conscious about their health and wellbeing.
3) Among regions, North America is expected to dominate the global vitamins and derivatives market in 2018, and the trend is likely to continue throughout the forecast period.
4) On the basis of product type, the Vitamin B segment is expected to remain highly attractive in 2018 and beyond. Currently, the segment is command for over one-fourth revenue share of the global market and expected to reach a market valuation in excess of US$ 7,300 Mn by the 2026. Over the course the forecast period, the segment is anticipated to grow by US$ 297.7 Mn annually.
5) On the basis of end use industry, the food and beverage segment is likely to retain its top position over 2026. By the end of 2026, this segment is estimated to surpass a market valuation of US$ 6,900 Mn, reflecting an above-average CAGR.

Food & Beverage Will Remain the Largest End-Use Industry

Use of vitamins and derivatives is significantly high in the food and beverage industry. This is primarily owing to increasing consumer preference for food and beverage product that have high nutritional content and are healthy. By 2026-end, more than US$ 6,900 Mn worth vitamins and derivatives are expected to be used in the food and beverage industry.

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North America to Remain the Most Attractive Market for Vitamins and Derivatives

The market in North America is expected to remain highly lucrative for vitamins and derivatives throughout the assessment period. The region’s market is projected to exhibit a steady CAGR between 2017 and 2026. Use of vitamins and derivative supplement is significantly high in the region. Americans are increasingly inclining towards such products to ensure a balanced diet.

Vitamin B a Leading Product Type

Use of vitamin B is significantly high across the globe. Vitamin B finds application in manufacturing of various function food, cosmetics, and dietary supplements. The global sales of vitamin B currently represents for more than one-fourth share of the market in terms of revenue. Towards the end of 2026, nearly US$ 7,355.2 Mn worth vitamin B is expected to be sold worldwide.

Competition Tracking

Some of the leading players operating in the global vitamins and derivatives include Amway, Herbalife, Glanbia PLC, ADM, DSM, Abott Laboratories, GlaxoSmithKline, Glanbia, Bayer, Pfizer, Jubilant Life Sciences Limited, Lonza Group Ltd, Atrium Innovations, Inc., Sanofi, Schiff Nutrition International, Inc, BoehringerIngelheim Consumer Health Care, Fermenta Biotech Ltd., CSPC Pharmaceutical Group Limited, Bactolac Pharmaceutical, Inc., and Adisseo France S.A.S.

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This release was published on openPR.