Global Vitamins Market—Forecast till 2028

Global Vitamins Market—Forecast till 2028

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The global vitamins market is projected to register a CAGR of 5.70% and reach a value of USD10,079.92 million by 2028.

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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

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