ALBANY, New York, March 20, 2017 /PRNewswire/ --
According to a new market report published by Transparency Market Research "Global Vitamin Ingredients Market (By Type - Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Vitamin K), by Application (Pharmaceuticals, Processed and Packaged Food and Beverage, Cosmetics, Animal Feed, and Others), and by Region (North America, Europe, Asia Pacific, Middle East and Africa, and Latin America) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2016 - 2025". In terms of revenue, the global vitamin ingredients market was valued at US$ 5,361.7Mn in 2016, and is expected to reach US$ 8,194.7Mn by 2025, increasing at a CAGR of 4.9% from 2017 to 2025 and in terms of volume, the global vitamin ingredients market was valued at 44,746.0 Tons in 2016, and is expected to reach 63,512.4 Tons by 2025, increasing at a CAGR of 4.0% from 2017 to 2025.
Vitamins are essential nutrients that are needed for normal functioning of our body. These have a positive effect on well-being and health as well. Advocates of vitamins endorse the fact that they help to lessen the risk of disease and assist in the maintenance of optimal health. An example of a vitamin B, which is a group of 8 vitamins namely B1, B2, B3, B5, B6, B7, B9, and B12. These vital nutrients gives us energy by acting as fuel for the body. Many of these vitamins work in cooperation with each other, however, each has its own specific benefits ranging from encouraging healthy skin to preventing migraines and memory loss.
Vitamin ingredients are consumed as per the specific purposes that they serve. For instance, calcium is a major mineral useful in the treatment of osteoporosis. Vitamin D helps in the absorption of calcium in the body. Vitamin B held the maximum market share in the global vitamin ingredients market. Vitamins are useful in preventing a number of diseases such as scurvy, osteoporosis, and Alzheimer's disease among others. Geographically, the global vitamin ingredients market is segregated into five regions North America, Europe, Asia Pacific, Middle East and Africa, and Latin America. Asia Pacific held a significant market share of the global vitamin ingredient market in 2016. This is due to the high rate of adoption of vitamin ingredients in the food service companies as well as increase in use of vitamin ingredients in animal feed and pharmaceuticals in Asia Pacific.
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The overall vitamin ingredients market is poised to grow at a substantial rate over the forecast period owing to rising focus on preventive healthcare, health awareness, and awareness about lifestyle diseases due to among consumers. Numerous studies over the last few years show that growing number of customers are taking accountability for their well-being and health, and that they are increasingly turning to their diet to assist them to do so. The propensity of consumers to use the kitchen cabinet as a medicine cabinet, is expanding at an exponential rate. Henceforward, the possibility of growth of the global vitamin ingredients market is very high during the forecast period 2017-2025.
Global vitamin ingredients market can be classified by type of vitamins into vitamin A, vitamin B, vitamin C, vitamin D, vitamin E, and vitamin K. Moreover, the global vitamin ingredients market can be segregated by application into pharmaceuticals, processed and packaged food and beverage, cosmetics, animal feed, and others. Pharmaceuticals application segment held the maximum share of 38.3% of the total market in 2016. However, animal feed segment is expected to rise at a considerable rate during the forecast period due to increased incorporation of vitamins in the diet of animals.
The competitive profiling of the key players in the global vitamin ingredient market across five broad geographic regions is included in the study. These include different business strategies adopted by the leading players in the field of vitamin ingredient. To give a broader competitive landscape, business segments of the key players are also included in the report.
A comprehensive analysis of the market dynamics that is inclusive of market drivers, restraints and opportunities is included in the purview of the report. Market dynamics are the factors which impact the market growth, thereby helping to understand the ongoing trends of the global market. Therefore, the report provides the forecast of the global market for the period from 2017 to 2025, along with offering an inclusive study of the vitamin ingredient market.
Key players in the global vitamin ingredients market include BASF SE, Lonza Group, BluestarAdisseo Company, Bactolac Pharmaceutical, Inc., Archer Daniels Midland Company, Amway, and Koninklijke DSM N.V. Some of the other companies operating in the market are AIE Pharmaceuticals, Inc., E. I. du Pont de Nemours and Company, and Atlantic Essential Products, Inc.
The global Vitamin Ingredient market has been segmented into:
Global Vitamin Ingredients Market: By Geography
- North America
- Rest of North America
- Rest of Europe
- Asia Pacific
- Rest of Asia Pacific
- Middle East and Africa (MEA)
- South Africa
- Rest of MEA
- Latin America (LATAM)
- Rest of LATAM
Global Vitamin Ingredients Market: By Type
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin E
- Vitamin K
Global Vitamin Ingredients Market: By Application
- Processed and Packaged Food and Beverage
- Animal Feed
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- Natural Source Vitamin E Market: http://www.transparencymarketresearch.com/natural-source-vitamin-e-market.html
- Functional Food Ingredients Market: http://www.transparencymarketresearch.com/multifunctional-food-ingredients-market.html
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