Global Vitamin Ingredients Market is expected to grow at a CAGR of 7.1% during the forecast period from 2019-2025

As per the report published by Fior Markets, the global vitamin ingredients market is expected to grow from USD 3,020.3 Million in 2018 to USD 5,237.8 Million by 2026 at a CAGR of 7.1% during the forecast period from 2019-2026.The Asia Pacific region is dominating the market due to the rise in incomes, increase in purchasing power, and significant consumer demand for nutritional & healthy products are also driving the consumption of vitamins in various industries in the region.

Vitamin Ingredients Market by Product (Vitamin A, Vitamin D, Vitamin K, Vitamin E, Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Others),Applications,Region, Global Industry Analysis, Market Size, Share, Growth, Trends, and Forecast 2018 to 2026

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Leadersin the industry American Vitamin Ingredients, Pfizer, Koninklijke DSM, Nestle, Lonza, GroupeDanone, Amway, Archer Daniels Midland Company, BluestarAdisseo Company, AIE Pharmaceuticals Inc.,among otherswhichare offering greater opportunities and major players are continuously focused on new product developments and venture capital investments to obtain market share.For instance, in December 2017, Nestle acquired Canadian vitamin maker Atrium Innovations for diversification its presence in consumer healthcare

The applications segment is segmented into food, nutraceuticals, sports nutrition, beverages, and personal care. The food is dominating the market and valued around USD 1,205.09 Million in 2018. The rising popularity of fortified food and the continuous developments and new product launches are boosting the growth of the vitamins market in the food industry. The product segment is segmented into Vitamin A, Vitamin D, Vitamin K, Vitamin E, Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B7, Vitamin B12, and Vitamin C. The Vitamin A is dominating the market in 2018 with the highest share of 19.9% in 2018. Rising cases of ophthalmic illnesses, rise in the geriatric population, increasing healthcare expenditure and booming food & beverages sector may stimulate industry growth. Vitamin A helps in adequate growth & development, lowers cancer risk along with treating eye disorders such as cataract, night blindness & myopia thereby boosting the market for food & personal care applications.

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Increasing awareness about lifestyle diseases has further stimulated the growth. Growing demand for healthier and nutritional foods among consumers worldwide and rise in per capita disposable income of consumers are another factors contributing to the market expansion. Lack of knowledge regarding dosage of dietary supplements is hindering the market growth may pose as a major threat to the product. However, growing nutritional imbalance among consumers, owing to rising intake of junk food and alcoholic beverages as well as lifestyle changes, is anticipated to increase product demand worldwide in coming years.

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