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Vitamin Ingredients Market Report 2024: Size, Share, Growth, Trends, Demand, Forecast 2033
Vitamin Ingredients Market
As per the report, the vitamin ingredients market size has grown strongly in recent years. It will grow from $4.97 billion in 2023 to $5.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The vitamin ingredients market size is expected to see strong growth in the next few years. It will grow to $6.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%.
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Rising Incidence Of Chronic Diseases Propels Growth In The Vitamin Ingredients Market
The increased incidence of chronic medical diseases is expected to propel the growth of the vitamin ingredients market going forward. Chronic diseases refer to illnesses that last for a year or longer and require ongoing medical attention. Vitamin ingredients are necessary to maintain a system with an adequate level of nutrition to fight chronic diseases. Additionally, vitamin ingredients are used to reduce chronic inflammation brought on by NCDs (non-communicable diseases), including diabetes and obesity. Thus, the demand for vitamin ingredients will rise in response to the increasing incidence of chronic medical diseases. For instance, according to the World Health Organization (WHO), a Switzerland-based organization for international public health, 41 million people are killed every year globally due to chronic diseases. Of that, 17 million people die from chronic diseases before the age of 70. 77% of chronic deaths are in low- and middle-income countries. Therefore, the increased incidence of chronic medical diseases will drive the growth of the vitamin ingredients market.
Innovative 100% Natural Active Vitamin Ingredients Transform The Landscape Of The Vitamin Ingredient Market
Product innovation is a key trend gaining popularity in the vitamin ingredient market. Major companies operating in the market are introducing innovative products such as 100% natural active vitamin ingredients for various applications to sustain their position in the vitamin ingredients market. For instance, in April 2021, Vytrus Biotech, a Spain-based biotechnology company introduced Nectaria Lithops, a brand-new innovative natural active ingredient that enhances the stimulation of vitamin D synthesis. It is an entirely natural active component that improves the skin's microenvironment and increases vitamin D production to strengthen, revive, volumize, and brighten fading skin to produce a D-Skin. Nectaria Lithops' special features encourage vitamin D synthesis in skin cells, hydrate the deepest layers of the skin, increase cheek volume dewiness, and enhance oxygenation, microcirculation, skin tone, and texture. It can be used for various cosmetic applications such as deep skin hydration and water retention, skin dewiness treatments, sun care, healthy skin, brightness, and skin microcirculation and oxygenation.
The vitamin ingredients market covered in this report is segmented -
1) By Source: Natural, Synthetic
2) By Type: Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K
3) By Form: Solid, Liquid, Powder
4) By Application: Pharmaceuticals, Foods And Beverages, Personal Care Products, Animal Feed, Other Applications
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Major companies operating in the vitamin ingredients market report are Archer Daniels Midland Company, BASF SE, Bluestar Adisseo Company, Koninklijke DSM NV, Lonza Group AG, Nestlé SA, Amway Corporation, AIE Pharmaceuticals Inc., Bactolac Pharmaceutical Inc., Atlantic Essential Products Inc., Farbest-Tallman Foods Corporation, Pfizer Inc., Aland (Jiangsu) Nutraceutical Co. Ltd., Btsa Biotecnologías Aplicadas SL, The Wright Group Inc., Bluebonnet Nutrition Corporation, Abbott Laboratories, Glanbia plc, Rabar Pty Ltd, DuPont de Nemours Inc., Zhejiang Pharmaceutical Co. Ltd., Zhejiang Xinhecheng Co. Ltd., Nengte Technology Co. Ltd., Adisseo SAS, Alfa Aesar GmbH, Algatechnologies Ltd., Alkemists Labs, Alltech Inc., American Laboratories Inc., Anhui Tiger Biotech Co. Ltd., Aroma NZ Ltd.
Contents of the report:
1. Executive Summary
2. Vitamin Ingredients Market Report Structure
3. Vitamin Ingredients Market Trends And Strategies
4. Vitamin Ingredients Market - Macro Economic Scenario
5. Vitamin Ingredients Market Size And Growth
…..
27. Vitamin Ingredients Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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