Description
Global Vitamins Market—Forecast till 2028
Market Overview
The global vitamins market is projected to register a CAGR of 5.70% and reach a value of USD10,079.92 million by 2028. Vitamins are fundamental supplements that are needed to create and work the body typically. They are additionally fundamental for solid digestion. The inadequacy of vitamins can cause issues, though the resupply of these supplements can lighten insufficiency side effects. The accomplished vitamins incorporate A, B, C, D, E, and K. Thiamin (B1), riboflavin (B2), niacin (B3), pantothenic corrosive (B5), pyridoxal (B6), cobalamin (B12), biotin, and folate/folic corrosive are some notable kinds of nutrient B.
The global vitamins market is anticipated to register a healthy development during the forecasted time frame. Vitamins are substances that are fundamental foraminal amounts for the ordinary and sound development of the body. There are a few factors emphatically or contrarily influencing the global market growth. Vitamins are fundamental micronutrients that are needed to work digestion appropriately. Vitamins can be regular or manufactured. Notwithstanding, it is extended that the demand for normal vitamins is relied upon to increment during the COVID-19 pandemic and for the following coming years. The expanding utilization of vitamins in the food business across application regions like pastry shops and candy stores, dairy and frozen sweets, comfort food, and beverages is relied upon to increment as certain vitamins are utilized as a food added substance.
Market Segmentation
The global vitamins market has been classified based on the type, source, applications, and region.
In terms of type, the global vitamins market has been segmented into vitamin B, vitamin C, vitamin E, and others.
Based on the source, the global vitamins market has been bifurcated into synthetic and natural. By application type, the global vitamins market has been segregated into food & beverages, pharmaceutical & nutraceutical, animal feed, and personal care.
Regional Analysis
Geographically, the global vitamins market has been spread across North America, Europe, Asia-Pacific, and the rest of the world. Asia-Pacific represented the biggest piece of the pie of 32.46% in 2020 and is likewise expected to register the largest development rate from 2021 to 2028. Europe was the second-biggest market in 2020 and is projected to show a CAGR of 5.08% during the survey time frame.
The Asia-Pacific vitamins market represented the largest portion of the worldwide market in 2020. China exhibits the major nation-level market in the locale, representing the biggest portion of the overall industry during the survey time frame. Vitamins are utilized as a fixing in a few utilitarian foods. The utilization of supplementary foods is ascending across the emerging economies of Asia-Pacific inferable from the expanding per-capita expenditure, and urbanization.
Major Players
The key players in the global vitamins market include DSM (Netherlands), Glanbia Plc (Ireland), ADM (US), Farbest Brands (NJ), Adisseo (France), BTSA Biotecnologías Aplicadas S.L. (Spain), BASF SE (Germany), Lonza Group (Switzerland), SternVitamin GmbH & Co. KG (Schleswig-Holstein), and Rabar Pty Ltd (Australia).
COVID 19 Impacts
We are continuously tracking the impact of the COVID-19 pandemic on various industries and verticals within all domains. Our research reports include the same and help you understand the drop and rise, owing to the impact of COVID-19 on the industries. Also, we help you to identify the gap between the demand and supply of your interested market. Moreover, the report helps you with the analysis, amended government regulations, and many other useful insights.
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Table of Contents
TABLE OF CONTENTS
1 EXECUTIVE SUMMARY 14
1.1 MARKET ATTRACTIVENESS ANALYSIS 15
1.1.1 GLOBAL VITAMINS MARKET, BY TYPE 16
1.1.2 GLOBAL VITAMINS MARKET, SOURCE 17
1.1.3 GLOBAL VITAMINS MARKET, APPLICATION 18
1.1.4 GLOBAL VITAMINS MARKET, BY REGION 19
2 MARKET INTRODUCTION 20
2.1 DEFINITION 20
2.2 SCOPE OF THE STUDY 20
2.3 RESEARCH OBJECTIVE 20
2.4 MARKET STRUCTURE 21
2.5 KEY BUYING CRITERIA 21
3 RESEARCH METHODOLOGY 22
3.1 RESEARCH PROCESS 22
3.2 PRIMARY RESEARCH 23
3.3 SECONDARY RESEARCH 24
3.4 MARKET SIZE ESTIMATION 25
3.5 FORECAST MODEL 26
3.6 LIST OF ASSUMPTIONS & LIMITATIONS 27
4 MARKET DYNAMICS 28
4.1 INTRODUCTION 28
4.2 DRIVERS 29
4.2.1 WIDE RANGE OF END-USE APPLICATION 29
4.2.2 INCREASING HEALTH CONSCIOUSNESS AMONG THE POPULATION 29
4.2.3 CONSUMER INCLINATION TOWARDS FITNESS ACTIVITIES 30
4.2.4 DRIVERS IMPACT ANALYSIS 30
4.3 RESTRAINTS 31
4.3.1 SIDE EFFECTS ASSOCIATED WITH OVERCONSUMPTION OF VITAMINS 31
4.3.2 RESTRAINT IMPACT ANALYSIS 31
4.4 OPPORTUNITIES 31
4.4.1 RISING DEMAND FOR NATURALLY SOURCED VITAMINS IN END-USE INDUSTRIES 31
5 MARKET FACTOR ANALYSIS 32
5.1 VALUE CHAIN ANALYSIS 32
5.1.1 RAW MATERIAL PROCUREMENT 33
5.1.2 PROCESSING 34
5.1.3 PACKAGING 34
5.2 SUPPLY CHAIN ANALYSIS 35
5.3 PORTER’S FIVE FORCES MODEL 36
5.3.1 THREAT OF NEW ENTRANTS 36
5.3.2 BARGAINING POWER OF SUPPLIERS 37
5.3.3 BARGAINING POWER OF BUYERS 37
5.3.4 THREAT OF SUBSTITUTES 37
5.3.5 RIVALRY 37
5.4 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL VITAMINS MARKET 38
6 GLOBAL VITAMINS MARKET, BY TYPE 39
6.1 OVERVIEW 39
6.1.1 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 40
6.2 VITAMIN B 40
6.2.1 VITAMIN B: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 40
6.3 VITAMIN C 41
6.3.1 VITAMIN C: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 41
6.4 VITAMIN E 42
6.4.1 VITAMIN E: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 42
6.5 OTHERS 43
6.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 43
7 GLOBAL VITAMINS MARKET, BY SOURCE 44
7.1 OVERVIEW 44
7.1.1 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY SOURCE, 2019–2028 45
7.2 SYNTHETIC 45
7.2.1 SYNTHETIC: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 45
7.3 NATURAL 46
7.3.1 NATURAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 46
8 GLOBAL VITAMINS MARKET, BY APPLICATION 47
8.1 OVERVIEW 47
8.1.1 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 48
8.2 FOOD & BEVERAGES 49
8.2.1 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 49
8.3 PHARMACEUTICAL & NUTRACEUTICAL 50
8.3.1 PHARMACEUTICAL & NUTRACEUTICAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50
8.4 ANIMAL FEED 51
8.4.1 ANIMAL FEED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51
8.5 PERSONAL CARE 52
8.5.1 PERSONAL CARE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52
9 GLOBAL VITAMINS MARKET, BY REGION 53
9.1 OVERVIEW 53
9.2 NORTH AMERICA 54
9.2.1 US 57
9.2.2 CANADA 59
9.2.3 MEXICO 60
9.3 EUROPE 62
9.3.1 GERMANY 65
9.3.2 UK 66
9.3.3 FRANCE 68
9.3.4 ITALY 69
9.3.5 SPAIN 71
9.3.6 REST OF EUROPE 72
9.4 ASIA-PACIFIC 74
9.4.1 CHINA 77
9.4.2 JAPAN 78
9.4.3 INDIA 80
9.4.4 AUSTRALIA & NEW ZEALAND 81
9.4.5 REST OF ASIA-PACIFIC 83
9.5 REST OF THE WORLD 85
9.5.1 SOUTH AMERICA 87
9.5.2 MIDDLE EAST 89
9.5.3 AFRICA 90
10 COMPETITIVE LANDSCAPE 92
10.1 INTRODUCTION 92
10.1.1 MARKET STRATEGY ANALYSIS 92
10.2 COMPETITIVE BENCHMARKING 93
10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 94
10.3.1 PRODUCT LAUNCH 94
10.3.2 EXPANSION 94
10.3.3 INVESTMENT 95
11 COMPANY PROFILES 96
11.1 DSM 96
11.1.1 COMPANY OVERVIEW 96
11.1.2 FINANCIAL OVERVIEW 97
11.1.3 PRODUCTS OFFERED 98
11.1.4 KEY DEVELOPMENTS 101
11.1.5 SWOT ANALYSIS 102
11.1.6 KEY STRATEGIES 102
11.2 GLANBIA PLC 103
11.2.1 COMPANY OVERVIEW 103
11.2.2 FINANCIAL OVERVIEW 104
11.2.3 PRODUCTS OFFERED 104
11.2.4 KEY DEVELOPMENTS 106
11.2.5 SWOT ANALYSIS 106
11.2.6 KEY STRATEGIES 106
11.3 ADM 107
11.3.1 COMPANY OVERVIEW 107
11.3.2 FINANCIAL OVERVIEW 108
11.3.3 PRODUCTS OFFERED 108
11.3.4 KEY DEVELOPMENTS 109
11.3.5 SWOT ANALYSIS 110
11.3.6 KEY STRATEGIES 110
11.4 BASF SE 111
11.4.1 COMPANY OVERVIEW 111
11.4.2 FINANCIAL OVERVIEW 112
11.4.3 PRODUCTS OFFERED 113
11.4.4 KEY DEVELOPMENTS 113
11.4.5 SWOT ANALYSIS 114
11.4.6 KEY STRATEGIES 114
11.5 LONZA GROUP 115
11.5.1 COMPANY OVERVIEW 115
11.5.2 FINANCIAL OVERVIEW 116
11.5.3 PRODUCTS OFFERED 116
11.5.4 KEY DEVELOPMENTS 117
11.5.5 SWOT ANALYSIS 117
11.5.6 KEY STRATEGIES 117
11.6 STERNVITAMIN GMBH & CO. KG 118
11.6.1 COMPANY OVERVIEW 118
11.6.2 FINANCIAL OVERVIEW 118
11.6.3 PRODUCTS OFFERED 118
11.6.4 KEY DEVELOPMENTS 118
11.6.5 KEY STRATEGIES 118
11.7 FARBEST BRANDS 119
11.7.1 COMPANY OVERVIEW 119
11.7.2 FINANCIAL OVERVIEW 119
11.7.3 PRODUCTS OFFERED 119
11.7.4 KEY DEVELOPMENTS 120
11.7.5 KEY STRATEGIES 120
11.8 ADISSEO 121
11.8.1 COMPANY OVERVIEW 121
11.8.2 FINANCIAL OVERVIEW 121
11.8.3 PRODUCTS OFFERED 122
11.8.4 KEY DEVELOPMENTS 122
11.8.5 KEY STRATEGIES 122
11.9 BTSA BIOTECNOLOGÍAS APLICADAS S.L. 123
11.9.1 COMPANY OVERVIEW 123
11.9.2 FINANCIAL OVERVIEW 123
11.9.3 PRODUCTS OFFERED 123
11.9.4 KEY DEVELOPMENTS 123
11.9.5 KEY STRATEGIES 123
11.10 RABAR PTY LTD 124
11.10.1 COMPANY OVERVIEW 124
11.10.2 FINANCIAL OVERVIEW 124
11.10.3 PRODUCTS OFFERED 124
11.10.4 KEY DEVELOPMENTS 125
11.10.5 KEY STRATEGIES 125
12 REFERENCES 126
