Press release
Vitamin A Market is set to garner staggering revenues by 2024 - 2031 | DSM, BASF SE, Bluestar Adisseo Co. Ltd.
Vitamin A Market
Global Vitamin A Market was valued at US$ 19560.00 Million in 2021 in terms of revenue, exhibiting a CAGR of 5.71% during the forecast period (2022 to 2030).
Market Dynamics:
Vitamin A market is expected to witness high growth during the forecast period owing to rising health concerns among consumers and increasing awareness about nutrition and healthy lifestyle. The growing geriatric population is also prone to vitamin A deficiencies leading to impaired vision that drives the demand for vitamin supplements. According to a survey, over 30% of the global population consumes vitamin supplements on a daily basis indicating rising deficiency cases. Additionally, expansion of retail channels such as online stores, hypermarkets has made vitamin supplements more accessible to consumers thereby supporting the market growth during the forecast period.
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Driver 1- Increasing awareness about the importance of Vitamin A for health leads to growth in Vitamin A Market
Vitamin A plays an essential role in maintaining healthy vision, immune system and cell growth. Deficiency of vitamin A can lead to conditions like night blindness, weakened immunity and even increased mortality. Growing health concerns among population along with rising disposable income levels is resulting in higher focus on preventive healthcare. This has raised awareness about importance of micronutrients like vitamin A in daily diet. Consumers are now willing to spend more on supplements and fortified foods containing adequate vitamin A. Nutrition education programs by government and non-profits in developing nations have highlighted effects of vitamin A deficiency, motivating people to consume rich sources. Dietary guidelines by health organizations also recommend daily intake amounts, familiarizing general public with vitamin A needs. As awareness surges, demand for vitamin A enriched products is rising steadily, propelling growth of the overall market.
Opportunity 1 - Increasing commercial utilization of Vitamin A in animal feed and aquaculture offers new avenues
Using vitamin A in compound animal feed and fish/shrimp farming is gaining momentum globally. Rearing of livestock, poultry and aquaculture makes massive contributions to global food supply but uniform supplementation ensures better productivity, disease resistance and food safety. Vitamin A is crucial for vision, cellular metabolism and immunity of production animals. Deficiency leads to poor growth, vulnerability to infections and mortality. Incorporation of vitamin A in balanced rations boosts yield and quality. Countries like China, India, Brazil, Vietnam are major producers/consumers of seafood, meat, eggs. As animal agriculture sector expands to meet rising protein demand, commercial usage of vitamin A will see proportionate rise, opening up new revenue channels. Vitamin A premix production and customized feed formulations present excellent opportunities for industry players to grab large market share. This would help counter slower household/retail growth rates in developed regions.
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Top Companies Featured in This Report:
★ DSM
★ BASF SE
★ Bluestar Adisseo Co. Ltd.
★ Prinova Group LLC
★ Zhejiang NHU Co. Ltd.
★ Zhejiang Medicine Co., Ltd.,
★ Provimi North America Inc.
★ Kempex Holland BV
★ Xiamen Kingdomway Group Co
Market Segmentation:
By Product Type:
★ By Source: Natural and Synthetic
★ By Product Type: Food Grade, Feed Grade, and Pharmaceutical Grade
★ By Form: Powder and Liquid
By Applications:
★ By Application: Food & Beverages, Dietary Supplements, Clinical Nutrition, Animal Feed, and Personal Care & Cosmetics
Key Regions/Countries Classified as Follows:
» North America (U.S., Canada, Mexico)
» Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
» Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of APAC)
» South America (Brazil, Argentina, Rest of SA)
» Middle East & Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of MEA)
The report offers insights on the following aspects:
Chapter 1: Study Coverage
Chapter 2: Executive Summary
Chapter 3: Analysis of Vitamin A Market Competition Landscape by Players
Chapter 4: Assessment of Vitamin A Market Size by Type and Application
Chapter 5: Global and Regional Analysis
Chapter 6: Company Profiles, recent developments, and investments
Chapter 7: Analysis of Market Opportunities, Challenges, Risks, and Influencing Factors
Chapter 8: Evaluation of Value Chain and Sales Channels, including breakthrough product developments
Chapter 9: Research Findings and Conclusion
Chapter 10: Methodology/Research Approach
The report also delves into the competitive landscape, key players, trade patterns, industry value chain, recent news, policies, and regulations. Should you have any inquiries or require customization options, please don't hesitate to contact us.
In summary, whether you're engaged in manufacturing, distribution, or investment within the Vitamin A sector, this report furnishes invaluable insights into market segments, drivers, challenges, investment prospects, regional dynamics, major players, growth strategies, prevailing trends, and hurdles influencing the industry's expansion.
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Author Bio:
Priya Pandey is a dynamic and passionate editor with over three years of expertise in content editing and proofreading. Holding a bachelor's degree in biotechnology, Priya has a knack for making the content engaging. Her diverse portfolio includes editing documents across different industries, including food and beverages, information and technology, healthcare, chemical and materials, etc. Priya's meticulous attention to detail and commitment to excellence make her an invaluable asset in the world of content creation and refinement.
(LinkedIn- https://www.linkedin.com/in/priya-pandey-8417a8173/)
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