Fueling Health: Vitamin Ingredients Market Trends and Forecasts for 2024 & Beyond

Posted by Ramakrishna TBRC on May 6th, 2024

Overview and Scope
Vitamin ingredients refer to the materials that the human body requires to develop and operate appropriately. Vitamin ingredients are sourced from vegetables, milk, meat, and others.

Sizing and Forecast
The vitamin ingredients market size has grown strongly in recent years. It will grow from .97 billion in 2023 to .27 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increasing health awareness, aging population, diverse dietary preferences, rise in chronic health conditions, fitness and wellness culture, consumer demand for natural ingredients, fortification of food and beverages, globalization of dietary, growth in nutraceuticals industry, clinical research and health studies..

The vitamin ingredients market size is expected to see strong growth in the next few years. It will grow to .66 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to emergence of personalized supplements, growing vegan and plant-based diets, nutrigenomics and nutrigenetics, elderly nutrition solutions, expansion of functional foods market, government initiatives for public health, integration of vitamins in functional beverages.. Major trends in the forecast period include vitamin d supplementation, customized vitamin blends, clean label and natural sourcing, innovations in delivery formats, digital health and personalized nutrition apps, sustainable sourcing practices..

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Segmentation & Regional Insights
The vitamin ingredients market covered in this report is segmented –
1) By Source: Natural, Synthetic
2) By Type: Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K
3) By Form: Solid, Liquid, Powder
4) By Application: Pharmaceuticals, Foods And Beverages, Personal Care Products, Animal Feed, Other Applications

North America was the largest region in the vitamin ingredients market share in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vitamin ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
The increased incidence of chronic medical diseases is expected to propel the growth of the vitamin ingredients market going forward. Chronic diseases refer to illnesses that last for a year or longer and require ongoing medical attention. Vitamin ingredients are necessary to maintain a system with an adequate level of nutrition to fight chronic diseases. Additionally, vitamin ingredients are used to reduce chronic inflammation brought on by NCDs (non-communicable diseases), including diabetes and obesity. Thus, the demand for vitamin ingredients will rise in response to the increasing incidence of chronic medical diseases. For instance, according to the World Health Organization (WHO), a Switzerland-based organization for international public health, 41 million people are killed every year globally due to chronic diseases. Of that, 17 million people die from chronic diseases before the age of 70. 77% of chronic deaths are in low- and middle-income countries. Therefore, the increased incidence of chronic medical diseases will drive the growth of the vitamin ingredients market.

Key Industry Players
Major companies operating in the vitamin ingredients market report are Archer Daniels Midland Company, BASF SE, Bluestar Adisseo Company, Koninklijke DSM NV, Lonza Group AG, Nestlé SA, Amway Corporation, AIE Pharmaceuticals Inc., Bactolac Pharmaceutical Inc., Atlantic Essential Products Inc., Farbest-Tallman Foods Corporation, Pfizer Inc., Aland (Jiangsu) Nutraceutical Co. Ltd., Btsa Biotecnologías Aplicadas SL, The Wright Group Inc., Bluebonnet Nutrition Corporation, Abbott Laboratories, Glanbia plc, Rabar Pty Ltd, DuPont de Nemours Inc., Zhejiang Pharmaceutical Co. Ltd., Zhejiang Xinhecheng Co. Ltd., Nengte Technology Co. Ltd., Adisseo SAS, Alfa Aesar GmbH, Algatechnologies Ltd., Alkemists Labs, Alltech Inc., American Laboratories Inc., Anhui Tiger Biotech Co. Ltd., Aroma NZ Ltd.

The vitamin ingredients market report table of contents includes:
1. Executive Summary
2. Vitamin Ingredients Market Characteristics
3. Vitamin Ingredients Market Trends And Strategies
4. Vitamin Ingredients Market - Macro Economic Scenario
5. Global Vitamin Ingredients Market Size and Growth
31. Vitamin Ingredients Market Other Major And Innovative Companies
32. Global Vitamin Ingredients Market Competitive Benchmarking
33. Global Vitamin Ingredients Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Vitamin Ingredients Market
35. Vitamin Ingredients Market Future Outlook and Potential Analysis
36. Appendix

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Ramakrishna TBRC

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Ramakrishna TBRC
Joined: December 17th, 2019
Articles Posted: 623

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