The global vitamins market size reached US$ 13.86 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 19.7 Billion by 2028, exhibiting a growth rate (CAGR) of 6.30% during 2023-2028. Increasing consumer awareness regarding the importance of maintaining a healthy lifestyle and preventing nutritional deficiencies, rising prevalence of chronic diseases, the burgeoning geriatric population, and the incorporation of vitamins into functional foods and beverages are some of the key factors driving the market.
Vitamins are essential organic compounds that are crucial in maintaining good health and supporting various bodily functions. They are primarily obtained through our diet, although some can also be synthesized within our bodies. They are classified into two categories: fat-soluble vitamins (A, D, E, and K) and water-soluble vitamins (B-complex vitamins and vitamin C). Fat-soluble vitamins are stored in the body's fatty tissues, while water-soluble vitamins are not stored and need to be replenished regularly. They consist of different components, such as carbon, hydrogen, oxygen, and nitrogen, and each type serves specific functions. Vitamins work as coenzymes or precursors for enzymatic reactions, playing a crucial role in energy production, immune function, cell growth, and repair. They also act as antioxidants, protecting cells from damage caused by free radicals. Benefits of vitamins include improved vision, enhanced bone health, a stronger immune system, increased energy levels, and healthier skin.
Vitamins are essential organic compounds that are crucial in maintaining good health and supporting various bodily functions. They are primarily obtained through our diet, although some can also be synthesized within our bodies. They are classified into two categories: fat-soluble vitamins (A, D, E, and K) and water-soluble vitamins (B-complex vitamins and vitamin C). Fat-soluble vitamins are stored in the body's fatty tissues, while water-soluble vitamins are not stored and need to be replenished regularly. They consist of different components, such as carbon, hydrogen, oxygen, and nitrogen, and each type serves specific functions. Vitamins work as coenzymes or precursors for enzymatic reactions, playing a crucial role in energy production, immune function, cell growth, and repair. They also act as antioxidants, protecting cells from damage caused by free radicals. Benefits of vitamins include improved vision, enhanced bone health, a stronger immune system, increased energy levels, and healthier skin.
Vitamins Market Trends:
The global vitamins market is driven primarily by increasing consumer awareness about the advantages of maintaining a healthy lifestyle and preventing nutritional deficiencies. Additionally, the escalating prevalence of chronic diseases, such as obesity and cardiovascular ailments, has led to a growing emphasis on preventive healthcare, thus promoting the consumption of vitamin supplements. The burgeoning geriatric population, the expansion of the nutraceutical industry, and the incorporation of vitamins into functional foods and beverages are also propelling the market growth. Furthermore, rapid technological advancements in product development, such as the introduction of innovative delivery formats and nanotechnology, and the surging influence of social media platforms and celebrity endorsements promoting the benefits of vitamins are influencing the market growth. Apart from this, the increasing disposable incomes, the growing popularity of vegan and vegetarian diets, and the integration of vitamins in personalized nutrition and wellness programs are contributing to the market growth.Key Market Segmentation:
The publisher provides an analysis of the key trends in each segment of the global vitamins market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type, source, and application.Type Insights:
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin E
- Vitamin K
Source Insights:
- Natural
- Synthetic
Application Insights:
- Personal Care Products
- Food and Beverages
- Healthcare Products
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global vitamins market. Detailed profiles of all major companies have been provided. Some of the companies covered include BASF SE, Bluestar Adisseo (China National Bluestar (Group) Co. Ltd.), Farbest-Tallman Foods Corporation, Glanbia Plc, Jubilant Bhartia Group, Koninklijke DSM N.V., Stern-Wywiol Gruppe GmbH & Co. KG, Vertellus, Vitablend Nederland B.V., Zagro (Industria de Diseño Textil S.A.), Zhejiang Garden Biopharmaceutical Co. Ltd., etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.Key Questions Answered in This Report:
- How has the global vitamins market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global vitamins market?
- What is the impact of each driver, restraint, and opportunity on the global vitamins market?
- What are the key regional markets?
- Which countries represent the most attractive vitamins market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the vitamins market?
- What is the breakup of the market based on the source?
- Which is the most attractive source in the vitamins market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the vitamins market?
- What is the competitive structure of the global vitamins market?
- Who are the key players/companies in the global vitamins market?
Table of Contents
1 Preface3 Executive Summary11 Value Chain Analysis13 Price Analysis
2 Scope and Methodology
4 Introduction
5 Global Vitamins Market
6 Market Breakup by Type
7 Market Breakup by Source
8 Market Breakup by Application
9 Market Breakup by Region
10 Drivers, Restraints, and Opportunities
12 Porters Five Forces Analysis
14 Competitive Landscape
List of Figures
List of Tables
Companies Mentioned
- BASF SE
- Bluestar Adisseo (China National Bluestar (Group) Co. Ltd.)
- Farbest-Tallman Foods Corporation
- Glanbia Plc
- Jubilant Bhartia Group
- Koninklijke DSM N.V.
- Stern-Wywiol Gruppe GmbH & Co. KG
- Vertellus
- Vitablend Nederland B.V.
- Zagro (Industria de Diseño Textil S.A.)
- Zhejiang Garden Biopharmaceutical Co. Ltd.
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 146 |
| Published | July 2023 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value ( USD | $ 13.86 Billion |
| Forecasted Market Value ( USD | $ 19.07 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 11 |
