Vitamins and Derivatives Market Poised for Rapid Surge at a CAGR of 3.5% by 2026

Growth of the global vitamins and derivatives market is expected to remain affected by key factors such as rising prevalence of chronic ailments, alleviated demand for effective drugs & technology, new product developments, and rising investments by leading market players in R&D activities. This Fact.MR report analyzes the expansion of global vitamins and derivatives market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.

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The next section offers an overview of the global vitamins and derivatives market. This comprises an introduction to the market, along with a standard definition of the product – vitamins and derivatives. In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

In order to offer readers with up-to-date information about the latest advancements in the global vitamins and derivatives market, the report provides updates about market opportunities, which can benefit leading manufacturers of vitamins and derivatives. With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for vitamins and derivatives manufacturers to formulate key business strategies. Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.

Key Insights from the Report Include:

1. Based on target group, the adult women segment is expected to hold its dominant position over 2026. The segment currently represents for more than 51% revenue share of the global market and expected to exhibit a CAGR of 2.8% during the assessment period

2. Consumption of vitamins and derivatives is relatively higher among adult women. This is primarily owing to a greater need for nutrition in adult women. Moreover, women all over the world are becoming increasingly conscious about their health and wellbeing.

3. Among regions, North America is expected to dominate the global vitamins and derivatives market in 2018, and the trend is likely to continue throughout the forecast period.

4. On the basis of product type, the Vitamin B segment is expected to remain highly attractive in 2018 and beyond. Currently, the segment is command for over one-fourth revenue share of the global market and expected to reach a market valuation in excess of US$ 7,300 Mn by the 2026. Over the course the forecast period, the segment is anticipated to grow by US$ 297.7 Mn annually.

5. On the basis of end use industry, the food and beverage segment is likely to retain its top position over 2026. By the end of 2026, this segment is estimated to surpass a market valuation of US$ 6,900 Mn, reflecting an above-average CAGR.

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North America to Remain the Most Attractive Market for Vitamins and Derivatives

The market in North America is expected to remain highly lucrative for vitamins and derivatives throughout the assessment period. The region’s market is projected to exhibit a steady CAGR between 2017 and 2026. Use of vitamins and derivative supplement is significantly high in the region. Americans are increasingly inclining towards such products to ensure a balanced diet.

Vitamin B a Leading Product Type

Use of vitamin B is significantly high across the globe. Vitamin B finds application in manufacturing of various function food, cosmetics, and dietary supplements. The global sales of vitamin B currently represents for more than one-fourth share of the market in terms of revenue. Towards the end of 2026, nearly US$ 7,355.2 Mn worth vitamin B is expected to be sold worldwide.

Food & Beverage Will Remain the Largest End-Use Industry

Use of vitamins and derivatives is significantly high in the food and beverage industry. This is primarily owing to increasing consumer preference for food and beverage product that have high nutritional content and are healthy. By 2026-end, more than US$ 6,900 Mn worth vitamins and derivatives are expected to be used in the food and beverage industry.

Competition Tracking

Some of the leading players operating in the global vitamins and derivatives include Amway, Herbalife, Glanbia PLC, ADM, DSM, Abott Laboratories, GlaxoSmithKline, Glanbia, Bayer, Pfizer, Jubilant Life Sciences Limited, Lonza Group Ltd, Atrium Innovations, Inc., Sanofi, Schiff Nutrition International, Inc, BoehringerIngelheim Consumer Health Care, Fermenta Biotech Ltd., CSPC Pharmaceutical Group Limited, Bactolac Pharmaceutical, Inc., and Adisseo France S.A.S.

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This release was published on openPR.