Press release
Vitamin A Market Set to Achieve USD 785.24 Million by 2030
Vitamin A Market
The global Vitamin A market is experiencing substantial expansion, driven by increasing health awareness and demand across various sectors. As of 2023, the market was valued at approximately USD 565.18 million and is projected to reach nearly USD 785.24 million by 2030, reflecting a Compound Annual Growth Rate (CAGR) of 4.81% during the forecast period.
๐๐ข๐ญ๐๐ฆ๐ข๐ง ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐ฏ๐๐ซ๐ฏ๐ข๐๐ฐ
Vitamin A, comprising compounds such as retinol, retinal, and retinoic acid, plays a crucial role in maintaining vision, supporting the immune system, and ensuring the proper functioning of vital organs. The rising prevalence of eye disorders and a growing emphasis on health maintenance are key factors propelling the demand for Vitamin A globally.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐ข๐ฏ๐๐ซ๐ฌ
๐๐๐๐ก๐ฉ๐ ๐ผ๐ฌ๐๐ง๐๐ฃ๐๐จ๐จ: Consumers are increasingly prioritizing health, leading to a surge in demand for nutrient-rich foods and supplements.
๐๐๐๐ง๐ค๐ฃ๐ช๐ฉ๐ง๐๐๐ฃ๐ฉ ๐ฟ๐๐๐๐๐๐๐ฃ๐๐๐๐จ: A significant portion of the global population suffers from micronutrient deficiencies, underscoring the need for Vitamin A supplementation.
๐ผ๐๐๐ฃ๐ ๐๐ค๐ฅ๐ช๐ก๐๐ฉ๐๐ค๐ฃ: The global increase in the elderly population has heightened the focus on eye health and immunity, areas where Vitamin A is essential.
๐๐๐๐๐ฌ๐ฌ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ซ๐ข๐ ๐ก๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/121081/ ๏ปฟ
๐๐จ๐ฎ๐ง๐ญ๐ซ๐ฒ-๐๐ฉ๐๐๐ข๐๐ข๐ ๐๐ง๐ฌ๐ข๐ ๐ก๐ญ๐ฌ
๐๐๐ฉ๐๐ข๐๐ฃ ๐ผ ๐๐๐ง๐ ๐๐ฉ ๐๐ฅ๐ฅ๐ค๐ง๐ฉ๐ช๐ฃ๐๐ฉ๐๐๐จ ๐๐ฃ ๐๐๐๐ฉ๐ฃ๐๐ข
Vietnam has witnessed a growing demand for Vitamin A supplements, driven by government initiatives to combat micronutrient deficiencies. The country's expanding middle class is also contributing to increased consumption of health supplements.
๐๐๐ฉ๐๐ข๐๐ฃ ๐ผ ๐๐๐ง๐ ๐๐ฉ ๐๐ง๐๐ฃ๐๐จ ๐๐ฃ ๐๐๐๐๐ก๐๐ฃ๐
In Thailand, the rising popularity of health and wellness products has led to a significant uptick in Vitamin A-enriched foods and supplements. The beauty industry, emphasizing skin health, also heavily incorporates Vitamin A derivatives.
๐๐๐ฉ๐๐ข๐๐ฃ ๐ผ ๐๐๐ง๐ ๐๐ฉ ๐๐ง๐ค๐ฌ๐ฉ๐ ๐๐ฃ ๐ ๐๐ฅ๐๐ฃ
Japan's aging population has resulted in heightened awareness of eye health, boosting the demand for Vitamin A products. The country's advanced pharmaceutical sector is actively developing innovative Vitamin A formulations.
๐๐๐ฉ๐๐ข๐๐ฃ ๐ผ ๐๐๐ง๐ ๐๐ฉ ๐พ๐ค๐ฃ๐จ๐ค๐ก๐๐๐๐ฉ๐๐ค๐ฃ ๐๐ฃ ๐๐ค๐ช๐ฉ๐ ๐๐ค๐ง๐๐
South Korea has seen consolidation in its Vitamin A market, with major companies enhancing their product lines through mergers and acquisitions. This strategy aims to meet the growing consumer demand for health supplements.
๐๐๐ฉ๐๐ข๐๐ฃ ๐ผ ๐๐๐ง๐ ๐๐ฉ ๐๐ฅ๐๐๐ฉ๐๐ค๐ฃ ๐๐ฃ ๐๐๐ฃ๐๐๐ฅ๐ค๐ง๐
Singapore's regulatory framework has been updated to ensure the safety and efficacy of Vitamin A products. The country's focus on public health has led to increased consumption of fortified foods and supplements.
๐๐๐ฉ๐๐ข๐๐ฃ ๐ผ ๐๐๐ง๐ ๐๐ฉ ๐๐ญ๐ฅ๐๐ฃ๐จ๐๐ค๐ฃ ๐๐ฃ ๐ฉ๐๐ ๐๐ฃ๐๐ฉ๐๐ ๐๐ฉ๐๐ฉ๐๐จ
The U.S. market for Vitamin A is expanding, driven by a growing health-conscious population. The industry is witnessing significant growth, with Vitamin A being a key component.
๐๐๐ฉ๐๐ข๐๐ฃ ๐ผ ๐๐๐ง๐ ๐๐ฉ ๐ฟ๐ฎ๐ฃ๐๐ข๐๐๐จ ๐๐ฃ ๐พ๐๐๐ฃ๐
China's large population and increasing disposable income have led to a surge in demand for health supplements, including Vitamin A. The government's focus on public health initiatives further supports market growth.
๐๐๐ฉ๐๐ข๐๐ฃ ๐ผ ๐๐๐ง๐ ๐๐ฉ ๐ฟ๐๐ซ๐๐ก๐ค๐ฅ๐ข๐๐ฃ๐ฉ๐จ ๐๐ฃ ๐๐ช๐ง๐ค๐ฅ๐
Europe has seen significant developments in the Vitamin A market, with a focus on natural and sustainable sources. Companies are investing in research to develop innovative products to meet consumer demand.
๐๐๐๐๐ง๐ญ ๐๐๐ซ๐ ๐๐ซ๐ฌ ๐๐ง๐ ๐๐๐ช๐ฎ๐ข๐ฌ๐ข๐ญ๐ข๐จ๐ง๐ฌ
๐๐๐๐ ๐๐: In July 2022, BASF SE announced plans to increase its global formulation capacity at its Verbund location in Ludwigshafen, aiming to strengthen its position in the Vitamin A market.
๐๐ฎ๐ซ๐ข๐จ๐ฎ๐ฌ ๐ญ๐จ ๐ฉ๐๐๐ค ๐ข๐ง๐ฌ๐ข๐๐? ๐๐ซ๐๐ ๐ฒ๐จ๐ฎ๐ซ ๐ฌ๐๐ฆ๐ฉ๐ฅ๐ ๐๐จ๐ฉ๐ฒ ๐จ๐ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ง๐จ๐ฐ: https://www.maximizemarketresearch.com/request-sample/121081/
๐๐ข๐ญ๐๐ฆ๐ข๐ง ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ ๐ฆ๐๐ง๐ญ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
๐๐ ๐ท๐๐๐ ๐๐๐
Food-grade
Feed-grade
Pharmaceutical-grade
๐๐ ๐ญ๐๐๐
Type1
Type2
Type3
Type4
Type5
๐๐ ๐ป๐๐๐
Natural
Synthetic
๐๐ ๐จ๐๐๐๐๐๐๐๐๐๐
Food & Beverages
Dietary Supplements
Animal Feed
Personal Care & Cosmetics
The global vitamin A market is divided into three segments based on the kind of product: food grade, feed grade, and pharmaceutical grade. In 2023, the Feed Grade sector had the biggest market share, with 80%. Animal systems use vitamin A for a number of purposes, such as immune system function, mucosal membranes, body growth and development, and eyesight. Lack of feed grade vitamin A in animals can cause disorders, increased susceptibility to infections, gastrointestinal tract stone formation, night blindness, and ulcer formation. Demand for feed-grade vitamin A rises as a result of an increase in cattle and poultry due to the increased demand for meat and related goods.
๐๐จ ๐๐ฑ๐ฉ๐ฅ๐จ๐ซ๐ ๐๐ฎ๐ซ๐ญ๐ก๐๐ซ ๐๐๐ญ๐๐ข๐ฅ๐ฌ ๐๐๐จ๐ฎ๐ญ ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฌ๐๐๐ซ๐๐ก, ๐ฉ๐ฅ๐๐๐ฌ๐ ๐ ๐จ ๐ญ๐จ: https://www.maximizemarketresearch.com/request-sample/121081/
๐๐ข๐ญ๐๐ฆ๐ข๐ง ๐ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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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๐๐จ๐ง๐ญ๐๐๐ญ ๐๐ฌ
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