Press release
Vitamin Ingredients Market: Growing Focus on Expansion of Application Base to Encourage Growth
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The rising applications of vitamin ingredients and the growing demand in diverse ingredients are some of the key factors that are estimated to encourage the growth of the global vitamin ingredients market throughout the forecast period. In addition, the increasing use of vitamin ingredients in the cosmetics industry is likely to contribute substantially towards the development of the overall market in the next few years. The changing lifestyle and the rising responsiveness among consumers concerning the benefits of vitamins are expected to generate promising opportunities in the near future.
The global market for vitamin ingredients can be classified on the basis of product type into vitamin A, B, C, D, E, and K. Among these segments, the vitamin B segment is expected to account for a key share of the global vitamin ingredients market throughout the forecast period. The increasing awareness among consumers regarding the advantages of micronutrients is expected to accelerate the growth of this segment in the near future. Some of the major applications of the vitamin ingredients are animal feed, food and beverages, pharmaceuticals, and cosmetics industry.
From a geographical viewpoint, Europe and North America are expected to collectively account for a key share of the global vitamin ingredients market in the forecast period. On the flip side, Asia Pacific is expected to register a robust growth in the next few years and is likely to remain in this position throughout the forecast period. The substantial contribution from India and China is expected to supplement the growth of the Asia Pacific vitamin ingredients market in the next few years. Furthermore, the Middle East and Africa is anticipated to offer several growth opportunities for growth in the forecast period.
Some of the key players operating in the vitamin ingredients market across the globe are Bactolac Pharmaceutical, ParkAcre Enterprises, BASF, E. I. du Pont de Nemours and Company, Amway, Bluebonnet Nutrition, Lonza, Private Label Nutraceuticals, AIE Pharmaceuticals, Kirkman Group, Nulab, Pfizer, Aland (Jiangsu) Nutraceutical, Glanbia Nutritionals Deutschland, Atlantic Essential Products, Nutrilo, and DSM.
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