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Global Vitamin Ingredients Market Is Boosted by Increasing Demand of Vitamin Added Foods & Cosmetics

Global Vitamin Ingredients Market Report, published by Variant Market Research.
Bhavana Patel | 10.10.2017
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Global Vitamin Ingredients Market Report, published by Variant Market Research, forecast that the global market is expected to reach $8573 Million by 2024 from $5843 Million in 2016, growing at a CAGR of 4.9% from 2016 to 2024. By geography, Asia Pacific and Europe are expected to grow at a CAGR of 5.4% and 5.3%, respectively, during the forecast period.

Major factors driving the growth of the global vitamin ingredients market are increasing geriatric population in various developed and emerging economies, growing awareness for preventive measures among consumers, increasing demand of vitamin added foods & cosmetics, and government initiatives about required intake of vitamins among children & pregnant women. Though, other supplements such as fish oils and fortified foods could hamper the growth of the market. Additionally, entry of private labels offering their new brands with enhanced formulations, packaging, in-store consumer education, and e-commerce would provide several growth opportunities in the upcoming years.

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The global vitamin ingredients market has been categorized into product type, application and geography. Product type segment includes Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E and Vitamin K. Vitamin B accounted for the major market share in 2016 and projected to dominate throughout the forecast period, 2016 -2024. Additionally, application segment contains food & beverages, pharmaceuticals, cosmetics, animal feed and others. Pharmaceutical segment held the major market share in 2016 and is projected to continue to be predominant over the forecast period, 2016 – 2024.

Based on geography, the vitamin ingredients market has been segmented into North America, Europe, Asia-Pacific and Rest of the World (RoW). Asia Pacific is the fastest growing region in the global vitamin ingredients market, owing to increasing disposable income, growing health-consciousness, hectic lifestyles and several health awareness programs from government and social media.

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The key players operating in the global vitamins ingredients market are, BASF SE, Bayer AG, Pharmavite LLC, Herbalife International, Inc., Archer Daniels Midland Co., North China Pharmaceutical Corporation, Adisseo France S.A.S, Nutraceutical Corporation, Glanbia plc., and Lonza Group Ltd., among others.

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Scope of Vitamin Ingredients Market

Product Type Segments

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

Applications Segments

• Pharmaceuticals
• Food & Beverages
• Cosmetics
• Animal Feeds
• Others

Geography Segments

• North America

o US
o Canada
o Mexico

• Europe

o U.K.
o Germany
o Italy
o France
o Spain
o Others

• Asia-Pacific

o China
o Japan
o Others

• RoW

o Middle East
o South America
o Africa

About Variant Market Research

Variant Market Research offers syndicated and customized reports to fulfil clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise is data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.

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