Press release
Vitamins Market 2020 is Projected to Grow Massively in Near Future with Profiling Eminent Players - Zagro, Wright Enrichment Inc., Adisseo, SHOWA DENKO K.K., Glanbia plc
Vitamins Market
Global Vitamins Market is registering a substantial CAGR of 8.20% in the forecast period of 2019-2026. This rise in the market value can be attributed to the increasing demand for functional and nutritionally enriched food products.
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Key Players:
BASF SE, DSM, Archer Daniels Midland Company, SternVitamin GmbH & Co. KG, Watson Inc., Lonza, Vitablend Nederland B.V., Zagro, Wright Enrichment Inc., Adisseo, SHOWA DENKO K.K., Glanbia plc, Farbest Brands, Jubilant Life Sciences Ltd., Vertellus Holdings LLC, Brother Enterprises Holding Co.,Ltd., Zhejiang Garden Biochemical High-Tech Co.,Ltd, , CSPC Pharmaceutical Group Limited, Zhejiang Medicine, handong luwei pharmaceutical co.,ltd among others.
Vitamins are organic chemical compounds and an important nutrient for the working of metabolism in the human body that an organism demands in small amounts. Vitamins cannot be produced in the body, but it can be absorbed by supplements or food. Deficiencies and illnesses such as xerophthalmia, scurvy, and night blindness can lead in insufficient intake of vitamins. Intake of vitamins can keep the body in total control and healthy.
Key Developments in the Market:
In august 2019, VitaminEnergy has launched Functional Shot. VitaminEnergy will continue to expand its portfolio with an extra shot focused on fresh features to promote its mission of creating fresh functional shots that give adults a "healthier-for-you" power boost. This product launch will help the company to expand as well as grow.
In March 2018, The GHT Companies, Inc. launched Vegan Life Nutrition for vegans and for those who intakes plant-based nutrition's. Vegan Life Nutrition provides plant-based nutritional supplements of the greatest quality. The components were specifically chosen to produce a clean label, and the methods of formulation were intended to produce an excellent outcome for your health. This product will help the company to grow as vegan customers will reach out for this product.
Competitive Analysis:
Global vitamins market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of vitamins market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Reasons to Purchase this Report
Current and future of global vitamins market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players
Customization of the Report:
All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)
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Market Drivers
Surging demand for nutritional and functionally augmented processed food products, are driving the growth of the market
Diseases caused due to feed fortification, and vitamin deficiencies, is fueling the market growth
Increased per-capita income and increased health awareness among people, fosters the market growth
Rising incidence of obesity and related diseases is making consumers opt for food and beverages products that are low in fat and rich in minerals, this factor drives the market growth
Market Restraints
Higher production costs requires a higher investment, which hinders the growth of the market
Manufacturing and packaging defects, further hamper the market growth
Segmentation: Global Vitamins Market
By Type
Vitamin B
Vitamin E
Vitamin D
Vitamin C
Vitamin A
Vitamin K
By Application
Healthcare Products
Pharmaceuticals
Food & Beverages
Infant Food
Dairy Products
Bakery & Confectionery Products
Beverages
Others
Snacks
Flours
Breakfast Cereals
Animal Feed
Personal Care Products
By Source
Synthetic
Natural
Plant
Animal
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
By Geography
North America
South America
Europe
Asia-Pacific
Middle East & Africa
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