Vitamins Market, By Type (Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, and Vitamin K), By Application (Healthcare Products, Food & Beverages, Feed, and Personal Care Products), By Source (Synthetic and Natural) and By Region (North America, Europe, Latin America, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030

Report Code: PMI21219 | Publish Date: May 2023 | No. of Pages: 168

Global Vitamins Market By Type Overview

Introduction:

Vitamins are the organic substances essentials for the nutrition of animals as well as plants. They act as a precursor of coenzymes during regulation of metabolic processes. Vitamins neither provide energy nor serve as building units. It boosts the immune system, support normal growth and development, and help cells and organs do their jobs. There are 13 essential vitamins present- vitamins A, C, D, E, K, & B (thiamine, riboflavin, niacin, pantothenic acid, biotin, B6, B12, and folate). All these vitamins had different roles to keep the body function proper. Vitamin D is one of the important vitamins among all for the body. One of the powerful vitamins for energy is vitamin B found in various drinks and supplements, it maintains the energy levels, particularly brain functions and alertness. The global vitamins market accounted for US$ 5.85 billion in 2020 and is estimated to be US$ 12.28 billion by 2030 and is anticipated to register a CAGR of 7.8%.

Global Vitamins Market By Type Dynamics

Rising nutrition deficiencies cases

Increasing prevalence of vitamin deficiencies among the individuals across the globe is another factor expected to drive growth of the global vitamins market, in the near future. Moreover, surge in diseases which weakens the immune system, is another factor which drives the growth of vitamins market. Additionally, hectic schedule and stressful life of individuals is expected to boost the target market. Rising awareness of health and knowledge of taking supplements in diet are projected to propel the growth of the market. Application of vitamins in sports industry is the major factor driving the growth of the vitamin market.

However, high costs associated with the raw materials of vitamins are major factor expected to hamper growth of the global vitamins market over the forecast period.

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Global Vitamins Market By Type Segmentation

 

Source: Prophecy Market Insights |Disclaimer: Data is only a representation. Actual data may vary in the final report.

The global vitamins market is segmented based on type, application, source and region.

The type segment includes vitamin B, vitamin E, vitamin D, vitamin C, vitamin A, and vitamin K. The application segment is further sub segmented into healthcare products, food & beverages, feed, and personal care products. On the basis of source, the global vitamins market has been segmented as synthetic and natural.

Regional Insights:

The global vitamins market accounted for US$ 5.85 billion in 2020 and is estimated to be US$ 12.28 billion by 2030 and is anticipated to register a CAGR of 7.8%. On region the global vitamins market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The market in Asia Pacific currently dominates the market for vitamins and is expected to continue its strong hold for a few more years owing to growing demand for nutritional & healthy products which in turn propelling consumption of the vitamins in various industries in the countries of the region. The markets in Europe and North America are expected to register significant growth rate, owing to rise in demand for the nutritionally enriched and processed food products in the region, over the forecast period.

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 Report Scope:

Attribute

Details

Base year for estimation

2020

Forecast period

2020 – 2030

Market representation

Revenue in USD Billion & CAGR from 2020 – 2030

Market Segmentation

By Type- Vitamin B, Vitamin D, Vitamin C, Vitamin A, and Vitamin K

By Application– Healthcare Products, Food & Beverages, Feed, and Personal Care Products

By Source– Synthetic and Natural

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2020 to 2030. For the purpose of this study, has segmented the global vitamins market report based on type, application, source and region.

Global Vitamins Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Global Vitamins Market By Type Key Players

The key players operating in the global vitamins market includes Koninklijke DSM N.V., Glanbia PLC, ADM, BASF, Lonza Group, Vitablend Nederland B.V., Sternvitamin GmbH & Co. Kg, Farbest-Tallman Foods Corporation, Watson Inc., and Zagro.

Franchise Group Inc:

They have launched it new product viz. Vthrive to expand the brand line of vitamins, protein, and supplements.

Global Vitamins Market By Type Company Profile

  • Koninklijke DSM N.V
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Glanbia PLC ADM
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lonza Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Vitablend Nederland B.V
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sternvitamin GmbH & Co.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kg, Farbest-Tallman Foods Corporation,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Watson Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Zagro.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies

Global Vitamins Market By Type Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for Vitamins Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Source
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Vitamins Market, By Type 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Vitamin B
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Vitamin E
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Vitamin D
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Vitamin C
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Vitamin A
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Vitamin K
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Vitamins Market, By Application 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Healthcare Products
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Food & Beverages Product
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Personal Care Products
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030

 

  1. Global Vitamins Market, By Source, 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Synthetic
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Natural
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  2. Global Vitamins Market, By Region, 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Source, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Source, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Source, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Source, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Source, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  3. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  4. Company Profiles

 

  • Koninklijke DSM N.V
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Glanbia PLC ADM
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BASF
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Lonza Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Vitablend Nederland B.V
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Sternvitamin GmbH & Co.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Kg, Farbest-Tallman Foods Corporation,
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Watson Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Zagro.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Global Vitamins market is segmented into basis of type, application, source, and region.

Global Vitamins market include an increase in the demand for functional and nutritionally enriched processed foods, the incidence of vitamin deficiencies, and feed fortification due to increased worldwide meat and dairy product consumption.

By region, The Asia Pacific area now dominates the vitamin market and is likely to do so for a few more years, owing to rising demand for nutritional and healthy products, which drives vitamin consumption in various sectors throughout the region.

The Key players operating in the global Vitamins market include Koninklijke DSM N.V., Glanbia PLC ADM, BASF, Lonza Group, Vitablend Nederland B.V., Sternvitamin GmbH & Co. Kg, Farbest-Tallman Foods Corporation, Watson Inc., and Zagro.