Press release
Vitamins Market Booming Worldwide with Latest Trend and Future Scope by 2029
Vitamins Market is anticipated to grow at a significant CAGR during the forecast period. The major factors that are expected to accelerate the growth of the market include the growth in the demand for functional and nutritionally enriched processed food products, the rising prevalence of vitamin deficiencies, and feed fortification due to the rise in global meat & dairy product consumption. Moreover, the rise in health awareness is also a major factor that is propelling the growth of the market during the forecast period. In addition, an increase in global meat and dairy product consumption is further estimated to drive the growth of the market. On the other hand, the constricted supply of the raw materials for the natural vitamins and the rise in the prices is further projected to impede the growth of the market during the forecast period.Vitamins can be defined as vital nutrients and organic compounds that an organism need in inadequate amounts. Therefore, vitamins are mainly utilized as ingredients and supplements in several industries. Consumers are seeking innovative as well as healthy products that are enriched with nutrients, to provide relief from symptoms associated with the coronavirus such as chest pain, shortness of breath, tiredness, diarrhea, and others. Thus, the nutraceuticals industry is witnessing tremendous growth, owing to a huge demand for multivitamins, pediatric nutrition, and other products that would reduce the health risks, which in turn is expected to propel the growth of the market during the forecast period. In addition, the sourcing of natural allergen-free vitamin E will further provide potential opportunities for the growth of the market in the coming years. However, the shortage of ingredients and price sensitivity might further create a challenge for the growth of the market in the near future.
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Market Coverage
The market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered-
By Type
By Source
Regions covered-
North America
Europe
Asia-Pacific
Rest of the World
Competitive Landscape: Koninklijke DSM N.V., BASF SE, and Glanbia plc, among others.
A full Report of Vitamins Market is Available @ https://www.omrglobal.com/industry-reports/vitamins-market
Vitamins Market Report by Segment
By Type
Vitamin B
Vitamin E
Vitamin D
Vitamin C
Vitamin A
Vitamin K
By Source
Synthetic
Natural
Plant
Animal
Vitamins Market by Region
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of the World
Latin America
Middle East and Africa
Reasons to buy from us -
We cover more than 15 major industries, further segmented into more than 90 sectors.
More than 120 countries are for analysis.
Over 100+ paid data sources mined for investigation.
Our expert research analysts answer all your questions before and after purchasing your report.
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/vitamins-market
Media Contact:
Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
Contact no: +91 7803040404
About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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