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Global Vitamin Ingredients Market Size, Forecast: By Source: Natural, Synthetic; By Type: Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K; By Form : Tablets and Capsules, Powder, Others; By Application: Pharmaceuticals, Foods and Beverages, Personal Care Products, Others; Regional Analysis; Competitive Landscape; 2024-2032
Global Vitamin Ingredients Market Outlook
The global vitamin ingredients market size reached approximately USD 4.61 billion in 2023. The market is projected to grow at a CAGR of 5.5% between 2024 and 2032, reaching a value of around USD 7.47 billion by 2032.
Key Trends in the Market
Vitamin ingredients refer to the individual compounds or substances that constitute essential vitamins. Vitamins are organic compounds required in small quantities by the body to support various physiological functions and maintain overall health. They play crucial roles in processes like metabolism, growth, immunity, and energy production.
- The global vitamin ingredients market growth can be attributed to a significant shift towards the adoption of healthier lifestyles by consumers amid growing health issues. Consumers are now more conscious of their dietary choices and are actively seeking products that offer added health benefits. Vitamins, being essential nutrients required by the body for proper functioning, have gained prominence in the wellness and nutritional supplement sectors.
- The global vitamin ingredients market demand is being fuelled by the growing geriatric population. The ageing population requires higher vitamin intake to maintain its health and prevent age-related deficiencies and diseases, creating a substantial demand for vitamin supplements. Moreover, the growing focus on boosting cognitive health, bone health, and the immune system is further aiding the market.
- Another significant vitamin ingredients market trend is the surge in the popularity of e-commerce platforms. It has significantly impacted the distribution of healthcare and wellness products. Consumers now have access to a wide variety of supplements from different manufacturers and brands, regardless of their geographic location.
Market Analysis
Based on source, the market is segmented into natural and synthetic. The global vitamin ingredients market segmentation, on the basis of type, includes vitamin A, vitamin B, vitamin C, vitamin D, vitamin E, and vitamin K. The market, based on form, includes tablets and capsules, and powder, among others.
The market, based on application, can be divided into pharmaceuticals, food and beverages, personal care products, and animal feed, among others. The major regional markets for vitamin ingredients are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global vitamin ingredients market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Koninklijke DSM N.V.
- Pfizer Inc.
- Abbott Laboratories
- BASF SE
- Btsa Biotecnologías Aplicadas S.L.
- Farbest-Tallman Foods Corporation
- Glanbia Plc
- Nestlé S.A.
- Amway Corporation
- Lonza Ltd
- Bluebonnet Nutrition Corporation
- Others
Market Share by Application
Animal feeds are likely to cover a majority portion of the global vitamin ingredients market share in the coming years. Vitamins play a vital role in the diet of cattle as essential dietary supplements and support overall their health, growth, and immunity, leading to increased productivity. In the case of cattle, the incorporation of vitamin supplements can enhance milk production and improve the quality of milk constituents.
In addition, the demand for poultry feed additives, including vitamins, is significantly rising due to surging consumer preferences for specific meat and yolk colours, along with growing concerns for the well-being of animals.
Market Share by Region
According to the global vitamin ingredients market analysis, North America is expected to represent a significant market share in the forecast period. The growth of the market in the US and Canada can be attributed to increased consumer awareness regarding the benefits of incorporating vitamin supplements into diets. This demand for such supplements is further augmented by the busy lifestyles and rising income levels in the region. Additionally, key suppliers in the area are adopting strategies and collaborating with prominent online retailers like Walmart and Amazon to enhance product sales.
Competitive Landscape
Koninklijke DSM N.V., commonly known as DSM, is a global science-based company headquartered in the Netherlands. The company was originally founded in 1902 as a state-owned coal mining company but has evolved over the years into a global leader in nutrition, health, and sustainable living solutions.
Pfizer Inc. is a multinational pharmaceutical company based in the United States. It is one of the world's largest pharmaceutical companies and has a significant impact on the global healthcare sector. The company has an extensive focus on the research, manufacturing, and marketing of a wide range of pharmaceutical products.
Abbott Laboratories, commonly known as Abbott, is an American multinational healthcare company with a diverse portfolio of medical devices, pharmaceuticals, diagnostics, and nutrition products. The company was founded in the year 1888 and is currently headquartered in Illinois, the United States.
Other vitamin ingredients market players include BASF SE, Btsa Biotecnologías Aplicadas S.L., Farbest-Tallman Foods Corporation, Glanbia Plc, Nestlé S.A., Amway Corporation, Lonza Ltd, and Bluebonnet Nutrition Corporation, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Source |
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Vitamin Ingredients Market Analysis
8.1 Key Industry Highlights
8.2 Global Vitamin Ingredients Historical Market (2018-2023)
8.3 Global Vitamin Ingredients Market Forecast (2024-2032)
8.4 Global Vitamin Ingredients Market by Source
8.4.1 Natural
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Synthetic
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.5 Global Vitamin Ingredients Market by Type
8.5.1 Vitamin A
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Vitamin B
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Vitamin C
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Vitamin D
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Vitamin E
8.5.5.1 Historical Trend (2018-2023)
8.5.5.2 Forecast Trend (2024-2032)
8.5.6 Vitamin K
8.5.6.1 Historical Trend (2018-2023)
8.5.6.2 Forecast Trend (2024-2032)
8.6 Global Vitamin Ingredients Market by Form
8.6.1 Tablets and Capsules
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Powder
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Vitamin Ingredients Market by Application
8.7.1 Pharmaceuticals
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Foods and Beverages
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Personal Care Products
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Animal Feed
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Global Vitamin Ingredients Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Vitamin Ingredients Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Vitamin Ingredients Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Vitamin Ingredients Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Vitamin Ingredients Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Vitamin Ingredients Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code – 2936)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Koninklijke DSM N.V.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Pfizer Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Abbott Laboratories
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 BASF SE
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Btsa Biotecnologías Aplicadas S.L.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Farbest-Tallman Foods Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Glanbia Plc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Nestlé S.A.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Amway Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Lonza Ltd
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Bluebonnet Nutrition Corporation
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Vitamin Ingredients Market: Key Industry Highlights, 2018 and 2032
2. Global Vitamin Ingredients Historical Market: Breakup by Source (USD Billion), 2018-2023
3. Global Vitamin Ingredients Market Forecast: Breakup by Source (USD Billion), 2024-2032
4. Global Vitamin Ingredients Historical Market: Breakup by Type (USD Billion), 2018-2023
5. Global Vitamin Ingredients Market Forecast: Breakup by Type (USD Billion), 2024-2032
6. Global Vitamin Ingredients Historical Market: Breakup by Form (USD Billion), 2018-2023
7. Global Vitamin Ingredients Market Forecast: Breakup by Form (USD Billion), 2024-2032
8. Global Vitamin Ingredients Historical Market: Breakup by Application (USD Billion), 2018-2023
9. Global Vitamin Ingredients Market Forecast: Breakup by Application (USD Billion), 2024-2032
10. Global Vitamin Ingredients Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Vitamin Ingredients Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Vitamin Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Vitamin Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Vitamin Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Vitamin Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Vitamin Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Vitamin Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Vitamin Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Vitamin Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Vitamin Ingredients Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Vitamin Ingredients Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Major Exporting Countries by Value
23. Major Importing Countries by Value
24. Major Exporting Countries by Volume
25. Major Importing Countries by Volume
26. Global Vitamin Ingredients Market Structure
Key Questions Answered in the Report
In 2023, the market reached a value of nearly USD 4.61 billion.
The market is projected to grow at a CAGR of 5.5% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032 to reach a value of around USD 7.47 billion by 2032.
The market is being driven by the increasing adoption of healthy lifestyles and the rising ageing population around the world.
The growth of the market is propelled by the surging usage of vitamin ingredients in animal feed and the rapid development of e-commerce platforms, especially in developing regions.
The major regions for the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The different types of vitamin ingredients in the market include vitamin A, vitamin B, vitamin C, vitamin D, vitamin E, and vitamin K.
The key players in the market are Koninklijke DSM N.V., Pfizer Inc., Abbott Laboratories, BASF SE, Btsa Biotecnologías Aplicadas S.L., Farbest-Tallman Foods Corporation, Glanbia Plc, Nestlé S.A., Amway Corporation, Lonza Ltd, and Bluebonnet Nutrition Corporation, among others.
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