Vitamin Supplements Market To Make Huge Impact In Near Future Basic Influencing Factors Driving The Industry 2021–2027

Overview

During the last few years, the global vitamin supplements market has reported substantial growth and is estimated to expand by US$30.520.40 million at a CAGR of 6.65% from 2018 to 2025. The focus of this report is on the demand for vitamins supplements that are witnessing significant growth. The report offers a guide to the demand for vitamins supplements that will shape and alter our lifestyles during the next decade and even beyond, such as the reaction of the markets to the threat of the global pandemic. The growing understanding of nutrition among customers is expected to boost the growth of the vitamin supplements market globally.

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Competitive Landscape

The growing number of product innovations is one of the factors that can affect the growth of the demand for vitamins supplements. Effective releases of new products would help improve companies' sales and boost their market share. The brand identity of a company and the operations and profit margins are seriously impacted by a product recall. Defects in production and manufacturing also adversely affect the growth of the market. The market tends to be fragmented and the regulatory environment is very intense with the existence of several firms. Elements such as the growing amount of products launched and the growing awareness of health amongst consumers may provide vitamin supplements production with significant growth opportunities.

Market Segmentation

The global market for vitamin supplements has been segmented into different smaller market categories based on type, distribution channels, form, and regions. The market is categorized as vitamin D, multivitamins, vitamin C, vitamin B, and others on the basis of product type. In 2018, the multivitamin segment experienced significant growth with a market share of almost 45%. The global market for vitamin supplements has been classified as capsules and soft gels, tablets, powder, and others on the basis of form. With a value of about US$24 million, the category of capsules & soft gels and capsules held the largest market share in 2018. The market has been divided into store-based and non-store-based segments based on the distribution channel. Store based channels are further segmented into specialty stores,  supermarkets and hypermarkets, and others. In 2018, the larger share was held by the store-based segment which is expected to maintain its growth and is predicted to register a compound annual growth rate of 6.49 percent during the 2019-2025 forecast period.

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Regional Overview

The worldwide market for vitamin supplements has been segregated region-wise into Europe, North America, Asia-Pacific, and the rest of the world. In 2018, Asia-Pacific held the largest market share for vitamin supplements with a market power of more than 35% shares. The main countries in the regional market experiencing high growth for vitamin supplements are Japan, China, and Australia & New Zealand. The global vitamin supplements market research report further explores other regional markets such as North America - United States, Canada, Mexico; Europe - United Kingdom, Spain, France, Germany and others; the Middle East, South America, and Africa. Where is the biggest and fastest growing market for vitamin supplements? How does the manufacturing sector, demographic characteristics and other related sectors contribute to the market? In the future, what factors will influence the market? All these questions and several more are answered by the research report focused on the global vitamin supplements market.

Industry News

Alliance concludes a purchase of a professional healthcare deal in the United States with the acquisition of Biogix Inc as well as the brand AmberenTM.  Amberen is becoming Alliance's second biggest product, with a solid growth trajectory and net sales of nearly US$27 million. The acquisition of Biogix adds a highly popular brand, Amberen, with considerable potential for growth, to the Company.

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