Vitamin A Market Projected To Grow At A CAGR of 5.1% From 2019 To 2026 | Top Key Players BASF SE, Pfizer, Inc., Zhejiang Medicine Co. Ltd, Adisseo, Archer Daniels Midland Company

According to the current analysis of Reports and Data, the global Vitamin A Market was USD 696.9 Million in 2018 and is projected to grow at a CAGR of 5.1% from 2019 to 2026. It is a fat-soluble retinoid and available in two forms, namely performed (retinol and its esterified form, retinyl ester) and pro-vitamin A (carotenoids). It aids in growth & development, boosting immune system, maintaining good vision, and promoting various hormones growth. The global consumption of Vitamin A is projected to grow at substantial rate owing to progressive outlook in the personal care products, animal feed industry, food & beverage industry, and pharmaceuticals.

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Companies considered and profiled in this market study

BASF SE, Pfizer, Inc., Zhejiang Medicine Co. Ltd, Adisseo, Archer Daniels Midland Company, E.I. du Pont de Nemours and Company, Integrated Biopharma, Inc.., Bayer AG, Pharmavite LLC, and Nutraceutical Corporation, and Herbalife International, Inc. are a few of the major players in this business. In October 2016, BASF SE announced construction of a new world-scale plant for this in Ludwigshafen, Germany. The new facility will increase BASF's total annual production capacity of Vitamin A product by 1,500 metric tons.

According to Canadian Dermatology Association about 80-90% of the adolescent population undergo acne problem, and over 50% continues even in adulthood, which has led to high consumer adoption towards acne treatments, thereby stimulating vitamin A demand. These products provide retinol form sebum and reduces dry skin and oil generation, thus treating acne. Retinol and antioxidants nourish the skin from the inside and make skin healthy. It also plays a major role against fighting Age-Related Macular Degeneration (AMD) (blurred vision), glaucoma, and cataracts risk and it also preserves vision among the geriatric population. According to the National Eye Institute (NEI), AMD is one of the leading causes of vision loss in the U.S., affecting more than 1.75 million people. Moreover, due to the increased geriatric population, blurred vision is likely to grow, affecting around 30 lakh people by the year 2020. Meanwhile, the International Agency for the Prevention of Blindness (IAPB) projected that by 2020, 19.6 crore people might suffer from blurred vision worldwide; this figure can rise to 28.8 crore by 2040 which is showing lucrative opportunities for vitamin A industry players to manufacture pharmaceutical grade and food grade products. However, government regulations related to the approval of vitamin A products as pharmaceutical products hinder the vitamin A market.

Segments covered in the report

This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the trends in each of the sub-segments from 2016 to 2026. For the purpose of this study, Reports and Data have segmented the Vitamin A on the basis of grade, source, distribution channel and application, and region:

Grade (Volume, Metric Tons; 2019-2026, Revenue, USD Million; 2019-2026)
1. Feed Grade
2. Food grade
3. Pharmaceutical Grade

Source (Volume, Metric Tons; 2019-2026, Revenue, USD Million; 2019-2026)
1. Natural
2. Synthetic

Application (Volume, Metric Tons; 2019-2026 Revenue, USD Million; 2019-2026)
1. Pro Animal Feed
2. Food and Beverages
3. Pharmaceutical
4. Human Nutrition
5. Cosmetics

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Distribution Channel (Volume, Metric Tons; 2019-2026, Revenue, USD Million; 2019-2026)
1. Online
2. Offline

Regional Outlook (Volume, Metric Tons; 2019-2026 and Revenue, USD Million; 2019-2026)
1. North America
2. Europe
3. Asia Pacific
4. Middle East & Africa
5. Latin America

Key findings from the reports suggest

1. Vitamin A has broad application in cosmetics and personal care products which is driving in a positive way. The cosmetics segment is growing at a CAGR of 5.0%. Increasing awareness regarding wellbeing and personal hygiene, along with increasing anti-aging skincare products demand is anticipated to favor industry growth.

2. According to a report published by Deinovea French biotechnology company, in 2014 progression for carotenoids for face care (anti-aging) and skincare (whitening agents, sunscreen, etc.) should show good growth (3.2%) between 2014 and 2020, notably due to the expansion of the personal care products in Asia and Latin America.

3. Synthetically sourced vitamin A products are expected to witness significant gains over the forecasted period, the market value of synthetic vitamins in 2018 was 209.8 Million

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Key selling points of this research study

1. The study gives an in-depth evaluation of the evolving competitive scenario that gives the reader/client a competitive edge.

2. It offers a holistic view of all critical aspects boosting or limiting the growth of the sector

3. The market intelligence report derives an eight-year forecast, including historical, contemporary, and potential market prospects, projecting the estimated progress of the market.

4. It aids informed decision-making by offering an exhaustive database of the pivotal market segments and sub-segments.

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