Vitamins Market statistics, segmentation, trends & forecast to 2025

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.

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.

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This report segments the global vitamins market on the basis of source, product types, end use industry and distribution channel. On the basis of source types, the market is segmented as plant and animal source. On the basis of product type, the global vitamins market is segmented into vitamin A, vitamin B, vitamin C, vitamin D, vitamin E and vitamin K. On the basis of end use industry, the global vitamins market is segmented into food & beverages, personal care, animal feed, pharmaceuticals and others.

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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Key companies covered as a part of this study 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.

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This release was published on openPR.