Authored By: Sarah
21 Jun 2024

 Vitamins Market to grow by USD 35468.8 million between 2024-2028

According to a research report “ Vitamins Market” by Application (Food and beverages, Pharmaceuticals and cosmetics, Feed additives) End-user (Adults, Children and teenager, Infants) Geography (North America, APAC, Europe, South America, Middle East and Africa)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 35468.8 million at a CAGR of over 7.82% during the forecast period. The global vitamins market is experiencing significant growth due to the increasing number of new product launches. These innovations not only expand market offerings but also contribute to revenue generation and enhanced market presence. Notable recent introductions include Abbott Laboratories' Arachitol Gummies for vitamin D maintenance in India (April 2022) and Nestle SA India's Resource Activ, offering vitamin D for bone health, hyaluronate for skin health, calcium, and proteins for muscles (February 2024)..

Browse market data tables, figures, and in-depth TOC on “Vitamins Market” by Application (Food and beverages, Pharmaceuticals and cosmetics, Feed additives) End-user (Adults, Children and teenager, Infants) Geography (North America, APAC, Europe, South America, Middle East and Africa) Global Forecast to 2028.

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By Application, the Food and beverages segment is projected to dominate the market size in 2024.

The global vitamins market is experiencing robust expansion in the adult demographic. This growth is attributed to heightened health consciousness, the surge in chronic diseases, and the prevalence of hectic lifestyles among adults and professionals, leading to nutritional deficiencies. Essential vitamins, including A, C, D, E, K, and the B-complex vitamins (thiamine, riboflavin, niacin, pantothenic acid, biotin, B6, B12, and folate), play a crucial role in enhancing overall and cognitive health, as well as bolstering the immune system for adults.

By End-user, Adults  segment is expected to hold the largest market size for the year 2024.

In the global vitamins market, the food and beverages sector is experiencing robust expansion. This trend is driven by the rising consumer preference for health-conscious options, leading to an increased demand for vitamin-enriched food and beverages. Market participants are capitalizing on this trend by launching new fortified products to cater to this growing market need. Vitamin deficiencies can result in detrimental health consequences, such as preventable blindness in children due to vitamin A deficiency, memory loss, fatigue, and weight loss due to vitamin B12 deficiency.

North America is forecasted to hold the largest market size by region in 2024.

In the dynamic vitamins market, businesses thrive on supplying essential nutrients to consumers. With a growing awareness of health and wellness, demand for vitamins continues to surge. Our company specializes in the production and distribution of high-quality vitamin supplements, catering to various consumer segments and dietary needs. By leveraging advanced manufacturing processes and rigorous quality control measures, we ensure our products meet the highest industry standards. Our strategic partnerships with key distributors and retailers enable us to reach a broad customer base, driving revenue growth and market share expansion.

The Vitamins Market growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Abbott Laboratories
  • Ajinomoto Co. Inc.
  • Alltech Inc.
  • Archer Daniels Midland Co.
  • Associated British Foods Plc
  • BASF SE
  • Adisseo Co.
  • Cargill Inc.
  • Chr Hansen Holding AS
  • DuPont de Nemours Inc.
  • Evonik Industries AG
  • Koninklijke DSM NV
  • Merck KGaA
  • Nestle SA
  • Sanofi SA
  • Virbac Group
  • Vitafor NV
  • Vitala Foods
  • Zinpro Corp.
.

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Research Analysis Overview

In the realm of human health, the Vitamins Market holds significant importance, particularly in addressing the nutritional requirements of the post-menopause female population. This market encompasses a wide range of food products and agricultural produce, fortified with essential vitamins such as B vitamins, Vitamin K, Vitamin E, Vitamin D, Vitamin B12, Vitamin B9, Vitamin B7, Vitamin B6, Vitamin B5, Vitamin B3, Vitamin B2, Vitamin B1, and Vitamin A. These vitamins play crucial roles in maintaining mental health, immunity, digestion, and overall wellness. The Vitamins Market extends beyond human health applications, catering to pharmaceuticals and nutraceuticals, personal care, and animal feed industries. Vitamin supplements, derived from DSM and other leading manufacturers, are integral to this market. The demand for these supplements stems from the need to address nutritional gaps and ensure optimal health. The market's growth is driven by increasing awareness of the importance of vitamins in maintaining a balanced diet and overall well-being.

Market Research Overview

The Vitamins Market encompasses a wide range of natural and synthetic food products and pharmaceuticals, catering to the nutritional requirements of various population segments, including post-menopause females. This market includes Vitamins C, D, E, K, B1, B2, B3, B5, B6, B7, B9, B12, and A, produced by leading companies such as GlaxoSmithKline plc, DSM, and ADM. These vitamins play a crucial role in human health, supporting immunity, digestion, mental health, and wellness. They are essential for the prevention and management of various diseases and infections, including fibromyalgia, osteoarthritis, osteoporosis, anemia, and depression. Vitamin supplements are also used to address lifestyle-related issues, such as obesity and dietary habits. Additionally, vitamins find applications in personal care and animal feed industries.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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