Press release
Vitamin Ingredients Market to witness immense growth from for Food & Personal Care Applications segment by 2024 | Pfizer, Abbott Laboratories, Fermenta Biotech Limited, Lonza, The Kraft Heinz Company
Vitamin Ingredients Market
Vitamin Ingredients Market for Food & Personal Care Applications is poised to exceed USD 7 billion by 2024. Growing demand for organic supplements, primarily among the geriatric population may stimulate vitamin ingredients market for food & personal care applications. They offer greater benefits than synthetic supplements owing to the presence of chemical ingredients. Moreover, the synthetic form of various vitamins such as A and K are associated with several adverse health effects on overconsumption which include liver damage. These side effects are more pronounced in the elderly which have compromised immune systems. Natural products contain easily digestible nutrients when compared to synthetic products which contain byproducts that are harder to digest, thereby accelerating growth of vitamin ingredients market for food & personal care applications.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Archer Daniels Midland Company
2. Pfizer
3. Abbott Laboratories
4. BASF SE
5. Koninklijke DSM N.V.
6. VitaeNaturals
7. Carotec Inc
8. Danone
9. Synthesia, a.s.
10. The Kraft Heinz Company
11. Fermenta Biotech Limited
12. Nestle
13. Lonza
Increasing demand for natural cosmetic products majorly among the millennial population may stimulate vitamin ingredients market for food & personal care applications. These skin care products have the potential to reduce wrinkles, dark spots, aging-induced cell damage and inflammation which may further boost industry growth.
Vitamin B12 market from nutraceuticals may surpass USD 50 million by 2024. Improved sports performance along with tackling muscle wastage and joint health maintenance for the elderly may boost vitamin ingredients market for food & personal care applications. They are increasingly being used in various nutraceuticals such as fortified breakfast cereals, juices, soy milk and pasta which provide additional nutrients compared to their forms thereby stimulating vitamin ingredients market for food & personal care applications.
These products are micronutrients essential for optimal body health and defense from several illnesses including night blindness and rickets. Various nutraceutical capsules are based on two stage or dual release technology which comprise of multiple layers of fat-soluble and water-soluble products which improve vitamin bioavailability in the body. Several products such as B and C are water soluble which are not produced in adequate quantities by the body thereby leading to serious deficiencies, thus requiring dietary intake and stimulating the vitamin market growth.
India vitamin ingredients market for food & personal care applications is predicted to witness gains at about 5% in the forecast timeframe. Increasing awareness for child malnutrition along with shifting focus on healthy lifestyles may drive market growth. The country witnesses high demand for multivitamin supplements owing to less consumer knowledge of specific vitamins. However, major manufacturers are trying to rectify this lack of awareness by conducting large scale advertising campaigns which may boost vitamin ingredients market for food & personal care applications.
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Nutraceuticals applications from vitamin K market demand may exceed consumption at 2.1 kilo tons by 2024. These clotting factors which may cause excessive bleeding Moreover, this nutrient has a major role in breaking down body fats, blood sugar regulation, and maintaining bone & heart health. Vitamin K are used to treat deficiency of blood supplements are available in various forms such as chewables, softgels, tablets and capsules which allows convenient consumption and stimulate the growth of vitamin ingredients market for food & personal care applications.
High adoption of synthetic production techniques which require coal tar derivatives and petroleum based raw materials leads to pollution. Rising number of environmental regulations to curb pollution may hinder growth of vitamin ingredients market for food & personal care applications. Moreover, increasing efforts by regulatory bodies to prevent misleading claims on nutritional labels along with regulations to prevent toxicity may further stimulate vitamin ingredients market for food & personal care applications.
Report Content
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.4 Data Sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Vitamin ingredients market for food & personal care applications industry 3600 synopsis, 2018 - 2024
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Product trends
Chapter 3 Vitamin Ingredients Market for Food & Personal Care Applications Industry Insights
3.1 Industry segmentation
3.2 Industry landscape, 2013 - 2024
3.3 Industry ecosystem analysis
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