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Vitamin Ingredients Market : Advanced Technologies & Growth Opportunities in Global Industry

10-19-2017 05:25 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Future Market Insights

/ PR Agency: Future Market Insights
With an increasing number of customers taking responsibility of their health and well-being, the global market for vitamin ingredients has been witnessing a substantial rise since the last few years. The rising awareness among people about lifestyle diseases and preventive healthcare has been boosting the demand for vitamin ingredients substantially across the world.

Since the propensity of consumers to use kitchen cupboards as medicine cabinets is expanding exponentially, the possibility of the growth of the worldwide vitamin ingredients market over the next few years is very high. In 2016, the overall opportunity in this market was worth US$5.3 bn. Increasing at a CAGR of 4.90% between 2017 and 2025, the market is likely to touch US$8.1 bn by the end of 2025. In terms of volume, the market is likely to cross 63,512.4 tons mark by 2025.

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Pharmaceuticals, processed and packaged food and beverages, cosmetics, and animal feed are the prime application areas for vitamin ingredients. Pharmaceuticals has been reporting a higher demand for vitamin ingredients among all the application segments. Researchers anticipate this segment to remain the key application area of these ingredients over the coming years.

The animal feed segment, on the other hand, is projected to present lucrative opportunities for market players in the near future due to the increased incorporation of vitamins in the diet of animals by livestock farmers.

The worldwide market for vitamin ingredients is spread across Latin America, Asia Pacific, Europe, North America, and the Middle East and Africa. Asia Pacific has been leading the global market and is expected to remain doing so over the next few years. The increasing base of the population, rising concerns over health issues, and the surging patient pool suffering from vitamin deficiency are the main factors behind the growth of this regional market.

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North America, which closely followed Asia Pacific in 2016, is anticipated to showcase promising growth opportunities over the forthcoming years. A vast base of the population in North America prefers prevention of diseases over the cure, owing to which, the demand for vitamin-based food and drugs is increasing significantly in this region. This eventually is anticipated to bring a considerable rise in the demand for vitamin ingredients in North America over the next few years.

The U.S. holds leading position in the North America market for vitamin ingredients. With the U.S. having a well-established medical and healthcare industry, the scenario is predicted to remain same in the years to come.

The global market for vitamin ingredients is highly competitive in nature. Atlantic Essential Products Inc., Bactolac Pharmaceutical Inc., AIE Pharmaceuticals Inc., Archer Daniels Midland Co., Amway, Bluestar Adisseo Co., Lonza Group, Koninklijke DSM N.V., E. I. du Pont de Nemours and Co., and BASF SE are some of the key vendors of vitamin ingredients across the world.

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About Us

Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.

FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.

FMI’s team of over 200 research analysts provides market intelligence at global, regional, and country level. Our analysts are committed to provide independent insights, relying on our cognitive defusion training module, which conditions them to look at data objectively and unbiasedly.

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Future Market Insights
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Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
F: +1-845-579-5705
Email:sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com

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