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Visibility Report Code :FB 1002
2016-2024
Global Vitamin Ingredients Market Outlook 2024: Global Opportunity & Growth Analysis, 2016-2024 Sample Request
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1. Executive Summary Fig: 1-2 Global Vitamin Ingredients Market Share(%), By Region-20162024
Fig: 1-1 Global Vitamin Ingredients Market Size USD (Billion). 2016-2024
XX%
CAGR: (2016-2024)
2016
2017
2018
2019
Source: Goldstein Research
In 2016,
m a S 2020
2021
2022
2023
2024
Animal Feed accounted for the highest market share XX
% in Vitamin Ingredients Market
Fig: 1-3 Global Vitamin Ingredients Market Share(%), By Products -2016
10.0016.00 % % 8.00% 12.00 % 30.00 24.00 % %
Vitamin A Vitamin B Vitamin C
Vitamin D Vitamin E Vitamin K
e l p 5.00 9.00 % % 38.0 18.0 0% 2016 0% 30.0 0%
Source: Goldstein Research North America
With
Europe
13.00 % 20.00 %
45.00 %
Asia-Pacific
6.00% 10.00 31.00 % % 2024 24.00 % 29.00 % Latin America
Middle East & Africa
XX% share in 2016, North America region dominated the collective Global Vitamin Ingredients Market
Fig: 1-4 Global Vitamin Ingredients Market Share(%), By Mode of Consumption-2016
22.00 %
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Pills
Powders
Creams
Liquids
Fig: 1-5 Global Vitamin Ingredients Market Share(%), By Application-2016
Ph arm aceu ticals Fo od an d beverage Co smeti cs An imal feeds Oth ers.
Source: Goldstein Research
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Source: Goldstein Research
Source: Goldstein Research
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Key Findings In 2016, Pills market of mode of consumption of vitamins ingredient market accounted for nearly XX% of the total Global Vitamin Ingredients market and remaining XX% went for different segments such as power, liquid and cream. The main reason for this despaired share is due to the rising demand conveineint supplements and popularity of pills among ageing population
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However, growing ageing population and diseases such as diabetes in developing regions such as India and China is projected to increase the adoption rate of dietary supplements XX% in 2024 XX% in 2016 in Asia-Pacific region. Countries such as Japan, South Korea, Australia and Singapore together will account for XX% revenue share of Asia-Pacific vitamin ingredients market in 2024 As a result, if seen from the big market point of view, blood glucose monitoring devices demand is higher in homecare settings followed by diagnostic laboratories. Moreover, the rising healthcare expenditure in Africa on the back of new healthcare reforms and rising investment in healthcare sector is expected to bolster the growth of point of care testing devices in Africa & Asia-Pacific region
e l p
With USD XX billion in 2016, Pills has the highest demand followed by Power vitamin ingredient and liquid vitamin ingredients. Rising personal disposable income and improving economic conditions in developing countries are fueling market growth and encouraging the launch of new products. Several new players are expected to enter this market in the coming years owing to the huge growth potential
m a S
Further, increasing spending by government authorities on research and development of suitable vitamin supplements is likely to boost the business expansion of vitamin ingredients
Global sales of Vitamins based Nutritional Products (Million Units), By End-User Men
2016
XXXX (Million Units)
2024
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XXXX (Million Units)
Women
XXXX (Million Units) XXXX (Million Units) www.goldsteinresearch.com
4. Global Vitamin Ingredients Market Size (USD Billion) & Growth Analysis Fig:- 4-1 Global Vitamin Ingredients Market Size (USD Billion)2016-2024 XX
XX
XX% XX%
XX
XX
XX%
XX
XX%
XX
XX
XX%
XX
XX XX%
XX
XX%
XX
XX%
XX
XX
XX
XX XX
Fig:- 4-2 Global Vitamin Ingredients Market Y-O-Y Growth (%) Analysis-2016-2024
XX
XX
XX% XX%
Sample Request XX% XX% XX% XX% XX% XX%
XX%
XX%
XX
XX% XX%
XX XX%
2015
XX
2015
2016
2017
Source: Goldstein Research
2018
2019
2020
2021
2022
2023
2024
2016
2017
2018
2019
2020
2021
2022
2023
Source: Goldstein Research
Asia-Pacific vitamin ingredients market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Further, adoption of vitamin ingredients in the region is increased from XX% in 2015 to XX% in 2016 North America vitamin ingredients market valued XX billion in 2016, owing to the growing health awareness and rising geriatric population Increasing awareness towards the benefits of vitamin intake among pregnant women and children boosted the market penetration across various geographies. However, rising vegan population is suppressing the growth of supplements such as fish oil
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2024
4.1. Global Vitamin Ingredients Market Overview, By Region and Market Players2016 Fig:- 4-3 Global Vitamin Ingredients Market Share (%), By Region, 2016
Fig:- 4-4 Global Vitamin Ingredients Market Share (%), By Players, 2016
XX%
e l p 5.00%
North America
XX%
9.00%
XX%
XX%
Europe
m a S Asia-Pacific
Latin America
XX%
Source: Goldstein Research
19.00%
Middle East & Africa
8.00%
11.00%
12.00%
10.00% 14.00% 12.00%
BASF Bayer Amway DSM Dupont Lonza AIE Pharmaceutical s Sysmex Others
Source: Goldstein Research
Rising acceptance towards the vitamins added cosmetic products is boosting the growth of vitamin ingredients market. Major market players are focusing on developing effective nutrient source and launch of new products to expand the business across the globe Extensive utilization of vitamins in the manufacturing of animal feed and premixes to ensure the health of animals and the in maintaining quality of products. The demand for animal feed supplements is increasing due to the mounting costs of raw material and the growing demand for high-quality cattle products such as meat and milk mainly in developing economies Adoption rate of vitamins in animal feed products is increased by XX% in 2016 as compared to 2015 and is expected to hold major share of vitamin ingredients market Copyright All Rights Reserved, Goldstein Research
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5.1.1. Market Drivers Fig: 5-1 Adoption Rate (%), 2016
Growing awareness about the health benefits of vitamin supplements
e l p
Doctors are prescribing intake of supplements such as vitamin A, C, D, and E, Bcomplex vitamins, and multivitamins as an important part of good health for ageing people. Vitamin D supplements are gaining lucrative market opportunities among breastfeeding and pregnant women for the better health of their children
XX% XX%
Men
Women
Rising awareness about the importance of nutritional medication and need for micronutrients among customers is propelling the demand for Vitamin B in the food, healthcare and animal feed industry. Growing demand for Vitamin B and Vitamin B complex in sports drinks will enhance the growth opportunities for Vitamin B ingredient segment in the near future
m a S
Moreover, the growing demand for cosmetic surgeries in developing nations on the basis of factors such as changing lifestyle of the population and rising personal disposable income in developing nations further boost the demand for vitamin ingredients industry
Developing countries such as India, Indonesia, Vietnam and Malaysia are expected to witness lucrative market opportunities International vitamin corporation, a U.S based company has acquired Perrigo’s US vitamins and mineral supplement business for the innovations of different vitamin products
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High
Source: Goldstein Research Impact Analysis: Rising Ageing Population and Growing Prevalence of Diabetes are leading to advanced researches and investments in R&D sector leads to develop advance supplements for as nutritional source which further expected to fuel the growth of vitamin supplements market Nutritional Dietary supplements helps in providing better health and prevent the diseases by fulfilling the vitamin requirement of body. These factors expected to exhibit a positive growth in vitamins ingredients market Medium
Impact on Vitamin Ingredients Market
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Low
6.1. Global Vitamin Ingredients Market Share (%), By Product Type, 2016-2024 Fig: 6-1 Global Vitamin Ingredients Market Share (%), By Product Type, 2016-2024
e l p
2024
2016
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XX%
7.00%
XX%
m a S Vitamin A
9.00% 10.00% 16.00%
ldstein Research
20.00%
Vitamin B
XX%
XX%
38.00%
Vitamin C
Vitamin D
Vitamin E
Vitamin K
XX%
XX%
Vitamin B ingredients market is expected to expand at a CAGR of XX% during the forecast period i.e. 2016-2024. High health benefits and effectiveness in preventing number of disease such as scurvy, osteoporosis etc is likely to expand the demand for Vitamin B ingredients Rising prevalence of diseases such as diabetes, Alzheimer and cancer is increasing the necessity for the intake of vitamins to balance body nutrients and prevent the occurrence of diseases Global diabetic population reached to XX Billion in 2016, in which Asia-Pacific alone holds XX% of the diabetic population ratio across the globe. China holds top rank in terms of diabetic population, reached XX billion in 2016. This is increasing the demand for vitamin supplements in Asia-Pacific region
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6.2. Global Vitamin Ingredients Market Attractiveness & BPS Analysis, By Product Type-2016-2024
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XX% XX% XX%
XX%
XX%
XX%
XX%
e l p
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX% XX
XX
Vitamin A
m a S
Vitamin B
Source: Goldstein Research
XX
XX
XX
Vitamin D
Vitamin C
Vitamin K
XX
XX% XX%
40%
35%
15%
16%
2016
2024
XX% XX%
XX
Vitamin K
XX%
Vitamin K
Vitamin E
Vitamin D
Vitamin C
Vitamin B
Vitamin A`
Source: Goldstein Research
 According to the above graph, Vitamin B ingredients and Vitamin C ingredients market is anticipated to be the most attractive market across the globe in overall vitamin ingredients market for new entrants looking to enter in the market, existing players looking for business expansion and investors seeking investment opportunities over the forecast period i.e. 2016-2024. Rising utilization of vitamin B in animal feed is majorly driving the growth of vitamin ingredients market  On the other hand, availability of substitute for vitamins such as fish oils and other source of vitamins is hindering the growth of the vitamin ingredients market
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7.2. Europe Vitamin Ingredients Market Share (%), By Country-2016-2024
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Source: Goldstein Research
m a S
e l p
Germany vitamin ingredients market accounted USD XX billion in 2016 on the back of swelled demand for dietary supplements in the country. Presence of dietary supplements manufacturers in Germany is one of the major reason behind the dominance in Europe vitamin ingredients market Eastern European countries are expected to witness astonishing growth in the demand for dietary supplements. It is estimated that there will be XX% of population would adopt for vitamin ingredients in the form of pills in Eastern European countries
Germany
Spain
Russia
Italy
Belarus
France
Hungary
Poland
Luxenbourg
The Netherlands
Uni ted Ki ngdom
Belgium
Hungary
Sweden
Others
Russia vitamin ingredients market reached USD XX billion in 2016 and expected to account USD XX billion by the end of the forecast period i.e. 2016-2024 Rising demand for multivitamins in countries such as Spain, Italy, Sweden, Russia and Belgium are expected to contribute in the expansion of vitamin ingredients market in Europe Multivitamins for geriatric consumers and pediatric vitamin and dietary supplements sales are increased by XX% in 2016 as compared to XX% in 2015
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7.3. Belarus Vitamin Ingredients Market Size (USD Billion) & Y-O-Y Growth Analysis Fig:- 7-5 Belarus Vitamin Ingredients Market Size (USD Billion)2016-2024
Fig:- 7-6 Belarus Vitamin Ingredients Market Y-O-Y Growth (%) Analysis-2016-2024
XX
XX XX
XX%
XX
XX%
XX
XX
XX
m a S XX
XX
XX
XX
XX
XX
XX
XX
XX XX
2016
2017
2018
Source: Goldstein Research
2019
2020
2021
2022
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XX%
XX
XX
XX
e l p XX%
2023
2024
XX% XX%
XX% XX%
XX%
XX%
XX%
XX%
2019
2020
XX%
XX%
XX%
2023
2024
XX%
XX% XX% XX% XX%
2016
2017
2018
2021
2022
Source: Goldstein Research
Belarus vitamin ingredients market is anticipated to expand at a compound annual growth rate of XX% during the forecast period i.e. 2016-2024. Further, rising adoption of vitamin ingredients for various applications in the region is increased from XX% in 2015 to XX% in 2016 Eastern Europe witnessing tremendous growth and demand for dietary supplements owing to the fast changing lifestyle and inclination towards the healthy and nutritious diet On the other hand, lack of harmonization between all member states of European Union in terms of the use of several ingredients may likely to obstruct the growth for vitamin ingredient market in the region
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7.4. Europe Vitamin Ingredients Market Attractiveness & BPS Analysis, By Country Type-2016-2024 Western Europe
XX%
Eastern Europe
XX%
e l p XX% XX%
XX%
32%
40%
68%
60%
XX%
CAGR (%)
XX%
XX%
XX%
XX%
XX%
XX%
XX% XX
XX
XX
m a S XX
XX
XX
XX
Market Size (USD Billion)
Source: Goldstein Research
XX
XX
XX
XX
XX% XX% XX% XX% XX% XX%
2016
Eastern Europe
2024
Western Europe
Source: Goldstein Research

According to the above graph, Western Europe market is anticipated to be the most attractive market across the globe in overall vitamin ingredients market for new entrants looking to enter in the market, existing players looking for business expansion and investors seeking investment opportunities over the forecast period i.e. 2016-2024

Change in consumer behavior towards nutrition choice is increasing the demand for dietary supplements in Eastern European countries. Growing popularity of multivitamins among population ageing above 50 years mainly in country such as Romania, Belarus, Bosnia-Herzegovina and Russia is expected to boost the growth of vitamin ingredients market in Eastern European countries
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7.5. Europe Vitamin Ingredients Market (Billions USD), By Product, 2016-2024 Fig:- 7-7 Europe Vitamin Ingredients Market Size (USD Billion), By Product-2016-2024
Fig:- 7-8 Europe Vitamin Ingredients Market Y-O-Y Growth (%) Analysis, By Product-2016-2024
XX
XX
XX%
XX
XX
XX%
XX
XX%
XX
XX XX
m a S XX
XX
XX
XX
XX
XX
XX XX
e l p XX%
XX
XX
XX
XX XX
2015
2016
2017
2018
Source: Goldstein Research
2019
2020
2021
2022
2023
2024
XX% XX%
XX% XX%
XX% XX%
Sample Request XX% XX% XX% XX% XX% XX%
XX% XX% XX% XX%
2015
2016
2017
2018
2019
2020
2021
2022
2023
Source: Goldstein Research
According to primary research, Europe region accounted for XX% share of vitamin ingredients for pharmaceuticals market in 2016, valued USD XX billion. Growing demand in countries such as Romania, Turkey, Macedonia and Belarus shown the remarkable demand for vitamin ingredients Europe animal feed market is anticipated to reach USD XX billion by the end of 2024 from USD XX billion in 2016. Rising awareness about the importance of preventive medication and micronutrients is likely to encourage the business expansion in Europe region European countries such as Italy, Russia and Germany are the largest market for dietary supplements in Europe. However, Germany faced a major decline in the demand for vitamin ingredients due to currency devaluation in the region Copyright All Rights Reserved, Goldstein Research
XX%
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2024
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