China Controls 70% of World Vitamins Supply, so What's Next Email: sale@qyresearch.com
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Global Diabetes Care Devices Market Research Report 2022
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Author: Lujing, Canary
Company: QYResearch Vitamins are organic compound that an organism requires in limited amounts. An organic chemical compound (or related set of compounds) is called a vitamin when the organism cannot synthesize the compound in sufficient quantities, and it must be obtained through the diet; thus, the term vitamin is conditional upon the circumstances and the particular organism. For example, ascorbic acid (one form of vitamin C) is a vitamin for humans, but not for most other animal organisms. Vitamins have many types, Including VA, VB1, VB2, VB5, VB6, VE, VD3, VK3, VC, etc. Technical barrier of each type of Vitamin is high, since each Vitamin type have its own manufacture process and market value. Basically, the industry is monopolized by several oligarchs. 3-5 manufacturers control the supply of Vitamins. Table Market Status of Major Vitamin Products Vitamin Type
Major Manufacturer
Vitamin A DSM (Netherlands) NHU (China)
BASF(Germany)
Other Manufacturer
Market Concentration
Kingdomway (China)
Big Four
DSM (Netherlands)
Big Three
ZMC (China)
Bluestar Adisseo (China) Vitamin B1
Brother Enterprises (China) Huazhong Pharma (China)
GWG(China)
Zhejiang Tianxin (China) China Controls 70% of World Vitamins Supply, so What's Next
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Vitamin B2
Guangji Pharma (China)
DESANO (China)
Big Three
Vertellus (USA)
One dominant player
BASF(Germany)
Big Two
DESANO (China)
One dominant player
DESANO (China)
Big Two
Nepharm (China)
North China Pharmaceutical (China)
Fragmented
Kingdomway (China)
ZMC (China)
One dominant player
Multiple Players
Big Four
BASF(Germany) DSM (Netherlands)
Vitamin B3
Vitamin B5
Lonza (Switzerland) Brother Enterprises (China) Evonik (Germany)
Yifan Pharma (China) Shandong Xinfa (China)
Vitamin B6
Zhejiang Tianxin (China)
Vitamin B7
NHU (China)
Vitamin C
Vitamin D3
Vitamin E
DSM (Netherlands) ZMC (China) DSM (Netherlands) CSPC Weisheng (China) NHU (China)
DSM (Netherlands)
Zhejiang Garden (China) DSM (Netherlands) BASF(Germany) NHU (China) ZMC (China)
China Controls 70% of World Vitamins Supply, so What's Next
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Vitamin K Brother Enterprises (China)
Multiple Players
Big Two
Dirox (Uruguay) Oxyvit (Turkey)
Source: Public Info, QYR Chemical & Material Research Center, June 2017
Global Production of Vitamin by Region in 2016
Source: Public Info, QYR Chemical & Material Research Center, June 2017
From the research conducted by QYResearch. in 2006, the production of Vitamin in China was 150 KMT, while in 2016, the volume has hiked up to 280 KMT, with CAGR reached to 6.44%. Currently, China takes more than 70% of world Vitamin supply.
China Controls 70% of World Vitamins Supply, so What's Next
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Figure Key Factors in Pricing of Vitamin Products
Source: QYR Chemical & Material Research Center, June 2017
There are several factors determines the market status:
1 Market Concentration determines competitive landscape.
2 Competitive landscape determines production volume and pricing 3. Production volume determines supply and inventory.
4 supply determines market price, inventory ratio determines price fluctuation period. Upstream of Vitamin industry is petrochemical industry, its bargaining power is weak. Vitamin industry downstream application main is feed (70%), medicine, cosmetics and food. In the feed application, the cost for vitamin accounted for only 2-3% of the cost of feed, so the vitamin industry to the downstream bargaining power is strong.
China Controls 70% of World Vitamins Supply, so What's Next
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Figure 2010-2016 Yearly Gross Profit of Kingdomway Vitamin A
Source: Kingdomway, QYR Chemical & Material Research Center, June 2017
Kingdomway is a leading supplier of Vitamin A in global market. The gross profit of Vitamin A had been modesty during 2010-2014 period, while dropped in 2015. Since 2016, the market has gone back to be thriving. While the global market has minor influence to Vitamin supply market, especially to Chinese suppliers, main reason for the warm back of profit in 2016 can be attributed to the long-term industry competitive consolidation, also the environmental policy guidance from local government. In the long run, the main trigger for the market growth would still be supply and demand relationship, while environmental issue is going to play an increasingly important role in industry structure. However, from current competitive landscape, there are still no rival players from emerging market (namely India, SE Asia, etc.) that can compete with Chinese players. Consequently, it is predicted by QYResearch that the competitive landscape of general Vitamin industry would be stable in the coming years. More info from QYR Chemical & Material Research Center China Controls 70% of World Vitamins Supply, so What's Next
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Vitamin A: http://www.qyresearch.com/english/goods.php?id=583217
Vitamin B1: http://www.qyresearch.com/english/goods.php?id=549167 Vitamin B2: http://www.qyresearch.com/english/goods.php?id=548412 Vitamin B3: http://www.qyresearch.com/english/goods.php?id=124718 Vitamin B5: http://www.qyresearch.com/english/goods.php?id=548414 Vitamin B6: http://www.qyresearch.com/english/goods.php?id=548416 Vitamin B7: http://www.qyresearch.com/english/goods.php?id=582621 Vitamin C: http://www.qyresearch.com/english/goods.php?id=521038
Vitamin D2: http://www.qyresearch.com/english/goods.php?id=407860 Vitamin D3: http://www.qyresearch.com/english/goods.php?id=237058 Vitamin E: http://www.qyresearch.com/english/goods.php?id=548422
Vitamin K: http://www.qyresearch.com/english/goods.php?id=589404
Vitamin H: http://www.qyresearch.com/english/goods.php?id=552451
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China Controls 70% of World Vitamins Supply, so What's Next
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