Vitamin A Market Growth factors, Segmentation, Industry Analysis and Forecast 2029

Vitamin A Market Overview

Retinol, retinal, retinoic acid, and other pro-vitamin A chemicals are unsaturated, nutritious chemical molecules that make up vitamin A. The market is being driven by the increase in low vision and the need to protect the kidneys, heart, lungs, and other important organs. The global market demand for Vitamin A is anticipated to be driven by rising rates of eye diseases and rising healthcare awareness throughout the forecast period. Based on global trade data, millet was the most traded product in 2022, valued at US$ 1.01 billion, and ranked 4648 on the Product Complexity Index (PCI).

Vitamin A Market Report Scope and Research Methodology

The comprehensive analysis report offers valuable insights into the dynamics, trends, and future prospects of the Vitamin A industry during the forecast period. It covers key market drivers, challenges, and recent developments, along with demand trends, growth stimulators, spending patterns, and modernization trends across different regions.

The research is based on extensive research and analysis, incorporating inputs from industry experts, government agencies, and market participants, providing a reliable and accurate assessment of the market dynamics and future trends.

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Vitamin A Market Growth Estimate:

Vitamin A Market size was valued at US$ 539.24 Mn. in 2022 and the total revenue is expected to grow at 4.81% through 2023 to 2029, reaching nearly US$ 749.21 Mn.

Vitamin A Market Dynamics

The market for vitamin A has grown as a result of consumers becoming more worried about their health due to the rising cost of healthcare services. This has also raised demand for nutrient-dense foods. The demand for vitamin A has increased due to the rise in micronutrient deficiency disorders among the global population and the lack of micronutrients in diets that can cause malnutrition. Urbanisation and consumer awareness drove this shift, which increased the risk of lifestyle disorders by causing a notable rise in vitamin A use.

As people grow more conscious of these conditions, the market for goods containing vitamin A is progressively expanding. The growing number of senior people, the prevalence of eye diseases, the rise in healthcare costs, and the growing awareness of healthcare issues.

COVID-19's effects on the world market for vitamin A:

The supply chain for vitamin A was impacted by the lockdown and cessation of economic activity brought about by the global spread of COVID-19. However, there is a growing demand for vitamin A supplements and pharmaceuticals as individuals become more aware of their health and the need of boosting immunity to ward off diseases. In order to broaden their product offerings and increase their global reach, a number of businesses in the food, beverage, and pharmaceutical sectors have started to emphasise the advantages of vitamin A. As a result, the need for vitamin A increased significantly even during the epidemic.

Vitamin A Market Segmentation

by Product

Food-grade
Feed-grade
Pharmaceutical-grade

The global market for vitamin A is divided into three segments based on the kind of product: food grade, feed grade, and pharmaceutical grade. With a market share of 80% in 2022, the feed grade category had the most share. Animal systems rely on vitamin A for several functions, such as immune system function, mucosal membranes, body growth and development, eyesight, and reproduction. Lack of feed-grade Vitamin A in animals can cause disorders, increased susceptibility to infections, gastrointestinal tract stones, night blindness, and ulcer formation. The number of cattle and poultry increases as a result of rising demand for meat and related goods, which in turn raises the need for feed-grade vitamin A.

by Form

Type1
Type2
Type3
Type4
Type5

by Type

Natural
Synthetic

by Application

Food & Beverages
Dietary Supplements
Animal Feed
Personal Care & Cosmetics

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Vitamin A Market Key Players

1. DSM
2. BASF SE
3. Bluestar Adisseo Co. Ltd
4. Prinova Group LLC
5. Zhejiang NHU Co. Ltd
6. Provimi North America, Inc
7. Kempex Holland BV
8. Xiamen Kingdomway Group Co
9. Adisseo
10. Archer Daniel Midland Company
11. Bayer Ag
12. Integrated Biopharma Inc
13. GHT Companies
14. Nutraceutical Corporation
15. Pfizer Inc
16. Rabar Pty Ltd
17. Farbest Brands
18. Lonza Group

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Table of content for the Vitamin A Market includes:

Part 01: Executive Summary

Part 02: Scope of the Vitamin A Market Report

Part 03: Global Vitamin A Market Landscape

Part 04: Global Vitamin A Market Sizing

Part 05: Global Vitamin A Market Segmentation by Type

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers and Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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Regional Insights:

For the projected period of 2023-2029, North America will continue to dominate the global vitamin A market. In 2022, North America had the most market share, accounting for 39.2%. due to a growing population, more health consciousness, increased prosperity, and a rise in the demand for wholesome food. Growing consumer health concerns regarding chronic illnesses and a desire to lead healthier lifestyles are anticipated to fuel the market for vitamin A in North America.

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