Vitamins Market trends, Growth, Size & share

 

Vitamins Market

The Vitamins Market is projected to reach USD 9,875 million by 2027, growing at a CAGR of 7.3% during the forecast period (2020-2027).

The factors driving the growth of Vitamins Market includes growing demand for nutritionally enriched processed food products, increasing consumption of meat & dairy food products and rising consumers inclination towards adopting healthy lifestyles. According to the report published by Bloomberg, the Global Plant-Based Meat Market is anticipated to reach USD 24.8 billion by the end of 2030, exhibiting a CAGR of 19.3% over the forecast period (2022-2030), which is expected to boost the Vitamins Market Growth in the approaching years. Moreover, the increasing number of chronic diseases such as diabetes and obesity, rise in vitamin deficiencies and growing investments by manufacturers for developing enhanced multivitamin supplements, are some of the additional factors supplementing the Global Vitamins Market. In addition, the growing geriatric population, emerging need to boost the human immunity due to the advent of Covid-19 and improving living standards, are further propelling the market growth.

However, the growth of Vitamins Market is hindered due to strict quality inspection before product launch and unfavorable tax structures.

The major players operating in the market are SternVitamin GmbH & Co. KG, Farbest Brands, DSM, Glanbia plc, ADM, BASF SE, Vitamin Energy, The GHT Companies, Vitablend Nederland B.V. and Lonza among others.

Application – Segment Analysis

Based on application, the food & beverages segment is expected to grow at a faster CAGR over the forecast period attributed to the growing consumption of nutrition rich products and increasing demand for vitamin supplements.

Source – Segment Analysis

Based on source, the natural vitamins segment is projected to expand at a significant CAGR during the forecast period owing to increasing consumers inclination towards maintaining the personal health and wellness

 Regional – Segment Analysis

Based on region, the Asia-Pacific region is anticipated to capture the highest market share over the forecast period. The growing demand for nutrition rich supplements, increase in the number of chronic diseases such as Parkinson’s, dementia and diabetes and rising disposable incomes, are some of the important factors augmenting the market growth in Asia-Pacific.

Vitamins Market Segmentation

Global Vitamins Market by Type

  • Vitamin B
  • Vitamin E
  • Vitamin D
  • Vitamin C
  • Vitamin A
  • Vitamin K

Global Vitamins Market by Application

  • Healthcare Products
  • Food & Beverages
  • Feed
  • Personal Care Products

Global Vitamins Market by Source

  • Synthetic
  • Natural

Global Vitamins Market by Region

  • Asia Pacific
    • China
    • Japan
    • India
    • Rest of APAC
  • North America
    • United States of America
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Spain
    • Rest of Europe
  • RoW
    • Brazil
    • South Africa
    • Saudi Arabia
    • UAE

About GMI Research

GMI Research is a market research and consulting firm which provides market insights and intelligence across 12 major sectors helping our clients in making effective investment and business decisions.

Media Contact
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

Location: United States

Comments

Post a Comment

Popular posts from this blog

Managed Print Services Market Size, Share, & Growth Analysis - 2020-2027

Image
  Managed Print Services Market The Managed Print Services Market is estimated to reach USD 70 billion by 2027, growing at a CAGR of 8.2% over the forecast period (2020-2027). The factors driving the growth of Managed Print Services Market includes digital transformation across the industry verticals such as Banking, Financial Services, and Insurance (BFSI), Healthcare and Telecommunication, emerging need to reduce paper wastage and growing trend of Bring Your-Own Device (BYOD). According to the report published by Environmental Paper Network, the consumption of paper worldwide has drastically increased by 400% over the last four decades, on an average a citizen in the United States uses more than 700 pounds of paper every year, which will boost the Managed Print Services Market Growth in the approaching years. Moreover, the growing adoption of Cloud Computing and Big Data Analytics by the major organizations, increasing investments by the leading players on research and development
Read more

Crypto Asset Management Market size, share & Trends Forecast 2028

Image
  The Crypto Asset Management Market was estimated around USD 315 million in 2020 and is predicted to grow at a CAGR of 21.1%, over the forecast period (2021-2028). The factors driving growth of the market includes rise in the number of institutional investors and wealth managers investing first time in crypto currency, surge in the volumes of online transactions around the world, emerging need to secure cryptocurrency assets, Government initiatives promoting digitalization and improvements in the living standards. Cryptocurrency asset management platforms allow investors to manage different wallets in one spot, simplifies the management of the developing crypto asset for seasoned traders, and helps users to increase their portfolio, are some of the features pushing the Crypto Asset Management Market size . Moreover, increasing adoption of cryptocurrency across industry verticals such as Healthcare, Retail and Commerce, BSFI, advancements in Internet of Things (IoT) and Artificial Inte
Read more

Liquefied petroleum gas Market Size, Share, Growth 2027

Image
  Liquefied Petroleum Gas Market The Liquefied Petroleum Gas Market is expected to grow at a faster CAGR over the forecast period (2020-2027). The factors driving the growth of Liquefied Petroleum Gas Market includes increasing use of liquefied petroleum gas as a substitute to fossil fuels, growing demand for natural gas and oil around the world and rising awareness amongst consumers about the benefits of liquefied petroleum gas. According to the report published by Statista, the Global Oil and Gas Storage Market was estimated around USD 929 million in 2019 and is expected to reach more than USD 1 billion by the end of 2026, which will boost the Global Liquefied Petroleum Gas Market in the approaching years. Moreover, growing emphasis on using cleaner sources of energy, increasing application of liquefied petroleum gas in households and restaurants for cooking and heating food and strict regulations imposed by Government reduce the carbon emission levels, are some of the additional fa
Read more