Vitamins Market to See Incredible Growth 2026 By Top Vendors Adisseo France S.A.S., Archer Daniels Midland Co., BASF SE, CSPC Pharmaceuticals Group Limited, Lonza Group Ltd., North China Pharmaceuticals Corporation, Pharmavite LLC

Vitamins are 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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Vitamins are primarily extracted from two sources, namely, plant and animal sources. The increasing preferences for food supplements to fulfill the required needs, which in turn is expected to boost the market for vitamins. Moreover, milk, yoghurt, cheese are also extracted from animals which are rich in various kind of vitamins. The animal source segment is dominating the global vitamin market in the last five years and is expected to retain the trend during the forecast period. However, the plant source is also gaining traction, due to the change in eating habits and consumer preferences for green vegetables and fruits.

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.

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. For instance, in June 2007, U.S. Food & Drug Administration (FDA), introduced dietary supplement of "current Good Manufacturing Practice" (cGMP), this regulations forces the manufacturers to evaluate their products through testing identity, purity, strength, and composition. Moreover, Europe market is expected to experience significant growth, during the forecast period.

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

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Major players in the global vitamins market 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., among others.

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This release was published on openPR.