The global retinyl palmitate market was estimated at USD 866.7 million in 2020 and is projected to register a CAGR of 4.6%, reaching USD 1,239.8 million by 2028. However, due to the COVID-19 impact, the estimated market size in 2020 has come down to USD 859.6 million and is projected to register a CAGR of 3.7% to reach USD 1,152.3 million by 2028.
This research report categorizes the market for retinyl palmitate based on various segments and region and forecasts revenue growth and analysis of trends in each of the sub markets. The report analyses the key growth drivers, opportunities and challenges which influence the Retinyl Palmitate market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the Retinyl palmitate market. The report strategically identifies and profiles the key market players and analyses their core competencies in each segment such as type, product and application of the Retinyl palmitate market.
Based on type, the retinyl palmitate market is segmented into industrial grade and food grade. The industrial grade type will capture major market shares in the global retinyl palmitate market over the forecast period. The demand for industrial grade retinyl palmitate is mainly driven by factors such as increased awareness about skin care, which raises the demand for retinyl palmitate in the cosmetic industry.
Based on product type, the retinyl palmitate market is segmented into natural and synthetic. The natural product type segment will have major shares in the global retinyl palmitate market during the forecast period. The natural product type contains major sources of vitamin A, such as raw vegetables like carrots, spinach, tomatoes, lemongrass, and sweet potatoes, and palm oil (CPO), which serve as the raw materials from which vitamin A is extracted. Animal raw materials include beef liver, chicken eggs, cow's milk, salmon, chicken, and meat.
Based on application, the retinyl palmitate market is segmented into animal feed additives, human nutrition, cosmetics, and others. The human nutrition application segment will contribute key market share in the global retinyl palmitate market over the forecast period. Vitamin A deficiency causes growth retardation, night blindness, and makes the organism more vulnerable to infections, while vitamin A supplementation has been shown to improve immune response. This is expected to promote the growth of the human nutrition segment over the forecast period.
Region-wise, the retinyl palmitate market has been segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The North America region will hold the largest market share in the global retinyl palmitate market during the forecast period. The retinyl palmitate market is expected to develop rapidly over the forecast period in the North America region. Consumer spending on cosmetics and skincare products is expected to drive the regional market development. The medical and pharmaceutical industries should drive market growth due to their broad application reach. FDA-friendly regulations can also provide a major stimulus to industry growth.
This research report categorizes the market for retinyl palmitate based on various segments and region and forecasts revenue growth and analysis of trends in each of the sub markets. The report analyses the key growth drivers, opportunities and challenges which influence the Retinyl Palmitate market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger and acquisition have been included in order to draw the competitive landscape in the Retinyl palmitate market. The report strategically identifies and profiles the key market players and analyses their core competencies in each segment such as type, product and application of the Retinyl palmitate market.
Based on type, the retinyl palmitate market is segmented into industrial grade and food grade. The industrial grade type will capture major market shares in the global retinyl palmitate market over the forecast period. The demand for industrial grade retinyl palmitate is mainly driven by factors such as increased awareness about skin care, which raises the demand for retinyl palmitate in the cosmetic industry.
Based on product type, the retinyl palmitate market is segmented into natural and synthetic. The natural product type segment will have major shares in the global retinyl palmitate market during the forecast period. The natural product type contains major sources of vitamin A, such as raw vegetables like carrots, spinach, tomatoes, lemongrass, and sweet potatoes, and palm oil (CPO), which serve as the raw materials from which vitamin A is extracted. Animal raw materials include beef liver, chicken eggs, cow's milk, salmon, chicken, and meat.
Based on application, the retinyl palmitate market is segmented into animal feed additives, human nutrition, cosmetics, and others. The human nutrition application segment will contribute key market share in the global retinyl palmitate market over the forecast period. Vitamin A deficiency causes growth retardation, night blindness, and makes the organism more vulnerable to infections, while vitamin A supplementation has been shown to improve immune response. This is expected to promote the growth of the human nutrition segment over the forecast period.
Region-wise, the retinyl palmitate market has been segmented as North America, Europe, Asia Pacific, Middle East & Africa, and South America. The North America region will hold the largest market share in the global retinyl palmitate market during the forecast period. The retinyl palmitate market is expected to develop rapidly over the forecast period in the North America region. Consumer spending on cosmetics and skincare products is expected to drive the regional market development. The medical and pharmaceutical industries should drive market growth due to their broad application reach. FDA-friendly regulations can also provide a major stimulus to industry growth.
WHAT THIS STUDY PROVIDES
- Global market and sub market forecast covering the period of 2017 to 2028, with accompanying analysis
- Retinyl palmitate market and sub market forecast covering the period of 2017 to 2028, with accompanying analysis
- Extensive details and analysis of contracts, projects, and programs
- Analysis of game-changing technological trends and how these will shape the industry
- Explanation or political, regulatory and technical factors to consider
- Barriers to entry analysis for markets around the world
- Profiles of leading companies operating within the sector with market share analysis
- SWOT analysis of the major strengths and weaknesses of the market, together with the opportunities available and the key threats faced
- Market conclusions & recommendations
KEY QUESTIONS ANSWERED BY THIS REPORT
- How the retinyl palmitate market is evolving?
- What is driving and restraining factors for global retinyl palmitate Market?
- How will each retinyl palmitate sub-market segment grow over the forecast period and how much sales will these sub-markets account for in 2028?
- How will market shares of each retinyl palmitate sub-market develops from 2017-2028?
- Which retinyl palmitate sub-market will be the main driver of the overall market from 2017-2028?
- How will political and regulatory factors influence regional retinyl palmitate markets and sub-markets?
- Will leading national retinyl palmitate broadly follow macroeconomic dynamics, or will individual country sectors outperform the rest of the economy?
- How will market shares of the national markets change by 2028 and which nation will lead the market in 2028?
- Who are the leading players and what are their prospects over the forecast period?
- How will the sector evolve as alliances form during the period between 2017 and 2028?
Frequently Asked Questions about the Retinyl Palmitate Market
What is the estimated value of the Retinyl Palmitate Market?
What is the growth rate of the Retinyl Palmitate Market?
What is the forecasted size of the Retinyl Palmitate Market?
Who are the key companies in the Retinyl Palmitate Market?
| Report Attribute | Details |
|---|---|
| No. of Pages | 110 |
| Published | May 2021 |
| Forecast Period | 2017 - 2028 |
| Estimated Market Value ( USD | $ 794.7 Million |
| Forecasted Market Value ( USD | $ 1152.3 Million |
| Compound Annual Growth Rate | 3.4% |
| Regions Covered | Global |
Table of Contents
1 Market Abstract
2 Market Introduction
3 Research Practice
4 Key Related Data
5 Impact Factor Analysis
6 Market Development Analysis
7 Global Retinyl Palmitate Market, by Type
8 Retinyl Palmitate Market, by Product Type
9 Global Retinyl Palmitate Market, by Application
10 Retinyl Palmitate Market, Regional Analysis
11 Company Profile
12 Appendix
List of Tables
List of Figures
Companies Mentioned
A selection of companies mentioned in this report includes:
- Royal Dsm
- Archer Daniels Midland (Adm)
- Piramal Pharma Solutions
- Basf Se
- Divi’S Laboratories Limited
- Bluestar Adisseo
- Pfizer Inc. Bayer Ag
- Rochem International Inc.
- Hangzhou Think Chemical Co. Ltd (Thinkchem)
- Xiamen Kingdomway Group Company
- Kangcare Bioindustry Co Ltd
- Pharmavite
- Crystal Pharma
