Vitamins Market : Facts, Benefits, Figures and Analytical Insights

Data Bridge Market Research analyses that the vitamins market was valued at USD 6.55 billion in 2021 and is further estimated to reach USD 11.94 billion by 2029, and is expected to grow at a CAGR of 7.8% during the forecast period of 2022 to 2029.
Vitamins Market Dynamics
Drivers
• Rise in the demand for functional and nutritionally enriched processed food products
The nutraceuticals industry has seen a surge in demand for healthful and nutritional products, despite severe market restrictions and declining purchase trends in the food and beverage sector which will further accelerate the growth of the market.
• Increase in the incidence of vitamin deficiencies
Vitamin deficiency and malnutrition are becoming more common which is further anticipated to propel the growth of the vitamins market.
• Increase in the aging population
Vitamin supplements are used by the elderly to prevent diseases associated with ageing which is further expected to drive the market growth.
Opportunities

Key Players Vitamins Market
BASF SE (Germany)
DSM (Netherlands)
ADM (US)
SternVitamin GmbH & Co. KG (Germany)
Lonza (Switzerland)
Vitablend Nederland BV (Netherlands)
Zagro. (Singapore)
Wright Enrichment Inc. (US)
Adisseo (China)

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