New York, NY -- (SBWIRE) -- 02/04/2021 -- Vitamins Market

Vitamin Markets is mainly segmented into fat-soluble and water-soluble vitamins. n Government and international organizations around the world are launching numerous awareness-raising campaigns to teach people about the significance of vitamins in their daily lives. The impact of social networking sites has helped physicians and clinicians share awareness across the globe and inform the public about the benefits of vitamins and clinicians as they can access free treatment facilities. The widespread accessibility of supplements via digital sites or markets in the regional supermarket is one of the major factors driving the market.

Furthermore, the report is furnished with the latest impact of the COVID-19 pandemic on the market. The pandemic has affected every segment of the market, along with bringing disruption in the supply chain, demands & trends, and financial difficulties. The report covers the initial and future assessment of the COVID-19 impact on the market.

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Market Drivers

Variables such as urbanization and changing habits further enable expectant mothers to boost their consumption of vitamins. They are also commonly used in the manufacturing of livestock feed and premixes to maintain optimal well-being of livestock. Unpredictable costs of fruit and vegetables, the natural source, and the increasing need for greater and less time-consuming goods to suit the hectic schedule of customers in both developed and emerging economies is a major factor that will help boost the market growth.

Regional Landscape

From an intake point of view, Asia Pacific is expected to hold the highest share in the global market. In addition, producers are recognizing the increasing attention of customers on their well-being and are seeking to create their presence in the market. China's demand for vitamins has expanded steadily. Developments in industrial capability and an expanding customer base in China have a huge effect on China's population. The Chinese economy is experiencing high-speed expansion, driven by a steady rise in industrial production, imports and exports, customer demand, and massive capital investment over the last two decades.

Further key findings from the report suggest

By application, healthcare products are anticipated to grow at a CAGR of about 6.5% during the analysis period. The growth of this segment can be attributed to the increased malnutrition cases across the world which is in turn rising the demand for the vitamins.

Asia Pacific is estimated to dominate the vitamins market in 2020 and is also projected to grow at the highest CAGR of 7.9% from 2018 to 2026. The market in this region is majorly driven by China, which is the largest producer, exporter, and consumer of vitamins. Further, the rise in incomes, increase in purchasing power, and significant consumer demand for nutritional & healthy products are also driving the consumption in various industries in the region.

Further, the market in Asia Pacific is also experiencing growth due to its growing application in the animal feed industry. The region accounts for the largest livestock population and caters to significant demands for livestock-based products such as milk, egg, meat and others. Quality feed is essential for livestock growth and performance. As the livestock owners are becoming increasingly conscious regarding the importance of adequate nutrition, essential micronutrients such as vitamins are experiencing significant growth in demand in Asia Pacific's feed industry. A total of 936 vitamin formulations are available in the Indian market. The nutrient profiles of the multivitamins vary widely. The lack of uniformity in labeling, as products contain 'multivitamins' (without specifying the actual composition), one or more minerals, antioxidants and various other nutritional supplements is impeding the vitamins market.

Competitive Terrain:

The global Vitamins market has a consolidated presence of a large number of companies that have been performing consistently to achieve optimum market growth. The report comprehensively discusses these companies' current market standing, past performances, demand & supply graphs, sales network, production & consumption patterns, and distribution channels. The report thus points out the effective business approaches undertaken by these market players to build on their market footprint.

The leading companies operating across the global Vitamins market are listed below:

Archer Daniels Midland Company, BASF SE, Btsa Biotecnologías Aplicadas AS, Farbest Brands, Glanbia PLC, Lonza Group Ltd., Rabar Pty., Ltd., Royal DSM NV, Showa Denko K.K, Pharmavitte and others.

By Type (Volume Metric Tons, Revenue, USD Million; 2019-2026)

Vitamin B

Vitamin E

Vitamin D

Vitamin C

Vitamin A

Vitamin K

By Source (Volume Metric Tons, Revenue, USD Million; 2019-2026)

Synthetic

Natural

By Application (Volume Metric Tons, Revenue, USD Million; 2019-2026)

Healthcare Products

Food & Beverages

Feed

Personal care products

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Radical Features of the Vitamins Market Report:

Valuable insights into the Vitamins market to impart an in-depth understanding of the business verticle

An 8-year forecast estimation along with an analysis of key elements of the market

Technological advancements, regulatory framework, and recent developments covered in the report

Growth analysis and projections until 2027

Statistical analysis of the key players operating in the Vitamins industry

Table Of Contents:

Chapter 1. Market Synopsis

Chapter 2. Executive Summary

Chapter 3. Indicative Metrics

Chapter 4. Vitamins Market Segmentation & Impact Analysis

Chapter 5. Vitamins Market, By Type Insights & Trends

Chapter 6. Vitamins Market, By Application Insights & Trends

Chapter 7. Vitamins Market, By End Use Insights & Trends

Chapter 8. Vitamins Market Regional Outlook

Chapter 9. Competitive Landscape

Chapter 10. Company Profiles

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