China is Expected to be a Major Market in Bolstering Demand for Vitamins and Derivatives Food - Fact.MR Study

The unprecedented COVID-19 pandemic has affected the global economy to a great extent. Considering the food industry, one of the most important sectors of the economy, a tremendous impact has been witnessed on the entire process from the field to the consumer. The restrictions in the movement of workers, closure of food production facilities, and changes in consumer demand have put excessive pressure on the food industry.

The report offers actionable and valuable market insights of Vitamins and Derivatives Food. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Vitamins and Derivatives Food Market across various industries and regions.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Vitamins and Derivatives Food market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Vitamins and Derivatives Food

This newly published and insightful report sheds light on Market Insights of Vitamins and Derivatives Food, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Vitamins and Derivatives Food Market.

According to a new report published by Fact.MR, the global vitamins and derivatives market is expected to surpass 165,000 tons by the end of 2026 in terms of volume. During the forecast period (2017-2026), the market is projected to exhibit a CAGR of 3.5% in term of value. Rising health awareness among consumers, increasing demand for healthy and functional food, expanding geriatric population are some of important factors likely to influence the global consumption of vitamins and derivatives during the review period.

Moreover, increased demand for products with higher nutritional content is expected to reflect favorably on the market. In has been observed that, use of vitamin supplements has grown notably in the countries such as Brazil, China, Philippines and India, which has propelled the market further.

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Global Market for Vitamins and Derivatives: Competition Tracking

Fact.MR in its report has profiled key market players, which include Herbalife, ADM, Abott Laboratories, Glanbia, Pfizer, Lonza Group Ltd, Sanofi, BoehringerIngelheim Consumer Health Care, CSPC Pharmaceutical Group Limited, Adisseo France S.A.S, Amway, Glanbia PLC, DSM, GlaxoSmithKline, Bayer, Jubilant Life Sciences Limited, Atrium Innovations, Inc., Schiff Nutrition International, Inc, Fermenta Biotech Ltd., and Bactolac Pharmaceutical, Inc.

Market Taxonomy

Region
North America
Latin America
Europe
Japan
APEJ
MEA

Product Type
Vitamin B
Vitamin D
Vitamin E
Vitamin C
Vitamins A
Other Product Types

Target Group
Adult Women
Adult Men
Elder Population
Children

End Use Industries
Dietary Supplements
Food and Beverages
Pharmaceutical
Personal Care
Other End Use Industries

Form
Tablets
Capsules
Powder
Oral Liquids

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Competition Landscape:

To expand their consumer base, vitamin and derivative manufacturers are opting for a mix of organic and inorganic growth strategies such as capacity expansion, acquisitions, and collaborations to help them garner more market share that would provide them with the desired competitive advantage.

Fact.MR has provided detailed information about the price points of vitamins and derivatives of manufacturers positioned across regions, sales growth, production capacity, and speculative production expansion in the recently published report.

Amway enters into a strategic partnership with ITC Limited to expand its immunity distribution network of immunity-boosting products.
The latest acquisition of DSM is Midori Health in July 2021. To improve nutrition utilization from animal feed and improve animal health.

Key Takeaways from Market Study

The United States is expected to account for nearly 94% of the North American market in 2021, owing to increased consumer demand for vitamins and derivatives.

According to Fact.MR’s analysis, Brazil is estimated to hold nearly 39% of the Latin America market share in 2021, aided by the ease with which raw materials can be obtained.

The United Kingdom is one of the potential markets for vitamins and derivatives in Europe, accounting for more than 17% value share, owing to surge in demand from the nutraceuticals industry.

Tablets of vitamins and derivatives will hold 17.4% of the market in 2021 on the back of easy availability and solubility.

Vitamin B reflects 25.7% of the market in 2021 owing to superior nutritious benefits in food & beverages.

“With growing demand for vitamins and derivatives, key players are focusing on providing products that are high in vitamins that the human body requires. Numerous brands are clearly labelling the percentage of vitamins present on their product labels,” says a lead analyst at Fact.MR.

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More Valuable Insights on Vitamins and Derivatives Food Market

Fact.MR, in its new report, offers an unbiased Market Analysis of Vitamins and Derivatives Food, Sales and Demand of Vitamins and Derivatives Food, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.

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