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Vitamin Supplements Market to Reach USD 86.37 Bn by 2029, emerging at a CAGR of 7.4 percent and forecast 2023-2029
Vitamin Supplements Market
This illuminating report delves into the dynamic world of vitamin supplements, uncovering drivers, restraints, and regional insights. It also unveils the research methodology employed to gather and analyze valuable data.
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Vitamin Supplements Market Research Methodology:
The findings presented in this report result from meticulous research and analysis conducted by industry experts, encompassing data collection, surveys, and market assessments.
What are Vitamin Supplements Market Dynamics:
The fortification of food and beverages has resulted in a rising demand for vitamin supplements. Packaged and processed goods are more convenient to use, and as a result, consumers prefer them. Food is heavily processed in order to maximize shelf life, flavor, texture, and appearance, resulting in nutrient loss. Vitamins are required to supplement this diet in order to replenish the nutrients lost. Supplements are also available for use as preventative care and to meet the human body's daily Recommended Dietary Allowance (RDA) as it matures. As a result, food companies are increasingly demanding vitamin supplements for their products in order to meet regulatory standards and make label claims, fueling the growth of the vitamin supplements market over the forecast period.
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Vitamin Supplements Market Regional Insights:
In 2022, North America emerged as the leader in both value and volume, dominating the global vitamin supplements market. The region is expected to maintain its dominance, growing at a CAGR of 7.25% throughout the forecast period, solidifying its position by 2029. North Americans' high consumption of processed and ready-to-eat foods, coupled with unhealthy dietary habits and reduced physical activity, has led to increased obesity and lifestyle-related disorders. The growing geriatric population in the region has further contributed to the prevalence of chronic diseases. As a result, North Americans increasingly turn to fortified and enriched food products, alongside nutritious supplements, as part of a diversified diet to maintain health and prevent disease. This health-consciousness is a significant driver for the North American vitamin supplements market.
What is Vitamin Supplements Market Segmentation:
by Type
• Vitamin A
• Vitamin B
• Vitamin C
• Vitamin D
• Vitamin E
• Vitamin K
• Multivitamin
by Form
• Powde
• Tablets
• Capsules
• Softgels
• Others
by Distribution Channel
• Offline
o Hypermarkets/Supermarkets
o Specialty Stores
o Medicals and Pharmacies
o Others
• Online
by End-Users
• Pediatric
• Adults
• Geriatric
• Pregnant Women
• Children and Infants
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Who are Vitamin Supplements Market Key Players:
• Koninklijke DSM NV (Netherlands)
• Glanbia PLC (Ireland)
• ADM (US)
• BASF (Germany)
• Lonza Group (Switzerland)
• Adisseo (France)
• Vitablend Nederland BV (Netherlands)
• SternVitamin GmbH (Germany)
• Farbest-Tallman Foods Corporation (US)
• The Wright Group (US)
• Zhejiang Garden Biochemical High- Tech Co., Ltd (China)
• NewGen Pharma (US)
• Rabar Pty Ltd. (Australia)
• Resonac (Japan)
• BTSA BIOTECNOLOGÍAS APLICADAS SL (Spain)
• Amway Corp (US)
• American Health Formulations (AHF) (US)
• Fullwell LLC. (US)
• Garden of Life, LLC (US)
• HEALTHY LIFE PHARMACEUTICALS PRIVATE LIMITED (India)
• Klean Athlete (US)
• Llama Naturals (US)
• now foods (US)
• nordic naturals (US)
• Olly PBC (US)
• Pharmavite (US)
• RBK Nutraceuticals (Australia)
• The Nature's Bounty Co. (US)
• VITAL PROTEINS, LLC, (US)
• Good Health (India)
Table of content for the Vitamin Supplements Market includes:
Vitamin Supplements Market: Research Methodology
Vitamin Supplements Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3. Vitamin Supplements Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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