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Global Vitamin Ingredients Market Report and Forecast 2023-2028
Market Report I 2023-07-06 I 195 Pages I EMR Inc.
Global Vitamin Ingredients Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global vitamin ingredients market reached a value of USD 4.37 billion in 2022. Aided by the escalating demand for nutritional supplements and the expanding applications of vitamin ingredients across various industries, the market is projected to further grow at a CAGR of 5.39% between 2023 and 2028 to reach a value of USD 6.01 billion by 2028.
Vitamin ingredients are essential nutrients required for various metabolic activities in the human body. They are primarily used as ingredients in numerous products, including dietary supplements, infant formulas, functional foods, and pharmaceuticals. Vitamins play a vital role in maintaining overall health, enhancing immune response, and preventing various diseases. In addition to their nutritional properties, vitamins also exhibit excellent stabilising and preserving characteristics, making them a valuable ingredient in different industrial applications, such as cosmetics, animal feed, food and beverage.
The escalating consumer inclination towards nutritional supplements is driving the global vitamin ingredients market growth. With the rising awareness of the health benefits associated with vitamin intake, there has been a significant shift towards vitamin-enriched diets, leading to an increased demand for vitamin-based products. Moreover, the growing trend of health and wellness has contributed further to the increasing popularity of vitamin ingredients, as they are key constituents in dietary supplements consumed by health-conscious individuals.
The broadening applications of vitamin ingredients in various industries also play a substantial role in boosting the vitamin ingredients market demand. In the pharmaceutical industry, vitamins are used as essential nutrients in the formulation of tablets and capsules. The cosmetic industry leverages vitamins for their antioxidising and skin-nourishing properties, crucial in the creation of various skincare products. Furthermore, vitamins' preservative properties make them an integral component in the food and beverage industry, enhancing product shelf-life.
Furthermore, the rising demand for plant-based alternatives in the food and beverage industry has led to an increased focus on vitamin ingredients as a suitable ingredient for plant-based products, thereby promoting the vitamin ingredients market expansion. Also, with the surge of veganism and the growing popularity of plant-based diets, vitamins have emerged as a critical component in the formulation of fortified plant-based foods and beverages.
From the technological standpoint, advancements in extraction and synthesis techniques for vitamin ingredients have significantly spurred the vitamin ingredients market growth. More efficient production methods have made vitamin ingredients more accessible and cost-effective, bolstering their adoption across industries.
Market Segmentation
The market can be divided based on source, type, form, application, and region.
Market Breakup by Source
- Natural
- Synthetic
Market Breakup by Type
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin E
- Vitamin K
Market Breakup by Form
- Tablets and Capsules
- Powder
- Others
Market Breakup by Application
- Pharmaceuticals
- Foods and Beverages
- Personal Care Products
- Animal Feed
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global vitamin ingredients companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Koninklijke DSM N.V.
- Pfizer Inc.
- Abbott Laboratories
- BASF SE
- Btsa Biotecnologias Aplicadas S.L.
- Farbest-Tallman Foods Corporation
- Glanbia Plc
- Nestle S.A.
- Amway Corporation
- Lonza Ltd
- Bluebonnet Nutrition Corporation
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Vitamin Ingredients Market Analysis
8.1 Key Industry Highlights
8.2 Global Vitamin Ingredients Historical Market (2018-2022)
8.3 Global Vitamin Ingredients Market Forecast (2023-2028)
8.4 Global Vitamin Ingredients Market by Source
8.4.1 Natural
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Synthetic
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.5 Global Vitamin Ingredients Market by Type
8.5.1 Vitamin A
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Vitamin B
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Vitamin C
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Vitamin D
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Vitamin E
8.5.5.1 Historical Trend (2018-2022)
8.5.5.2 Forecast Trend (2023-2028)
8.5.6 Vitamin K
8.5.6.1 Historical Trend (2018-2022)
8.5.6.2 Forecast Trend (2023-2028)
8.6 Global Vitamin Ingredients Market by Form
8.6.1 Tablets and Capsules
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Powder
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Others
8.7 Global Vitamin Ingredients Market by Application
8.7.1 Pharmaceuticals
8.7.1.1 Historical Trend (2018-2022)
8.7.1.2 Forecast Trend (2023-2028)
8.7.2 Foods and Beverages
8.7.2.1 Historical Trend (2018-2022)
8.7.2.2 Forecast Trend (2023-2028)
8.7.3 Personal Care Products
8.7.3.1 Historical Trend (2018-2022)
8.7.3.2 Forecast Trend (2023-2028)
8.7.4 Animal Feed
8.7.4.1 Historical Trend (2018-2022)
8.7.4.2 Forecast Trend (2023-2028)
8.7.5 Others
8.8 Global Vitamin Ingredients Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2022)
8.8.1.2 Forecast Trend (2023-2028)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2022)
8.8.2.2 Forecast Trend (2023-2028)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2022)
8.8.3.2 Forecast Trend (2023-2028)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2022)
8.8.4.2 Forecast Trend (2023-2028)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2022)
8.8.5.2 Forecast Trend (2023-2028)
9 North America Vitamin Ingredients Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Vitamin Ingredients Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Vitamin Ingredients Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Vitamin Ingredients Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Vitamin Ingredients Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis (HS Code - 2936)
15.1 Major Exporting Countries
15.1.1 By Value
15.1.2 By Volume
15.2 Major Importing Countries
15.2.1 By Value
15.2.2 By Volume
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Koninklijke DSM N.V.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Pfizer Inc.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Abbott Laboratories
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 BASF SE
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Btsa Biotecnologias Aplicadas S.L.
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Farbest-Tallman Foods Corporation
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Glanbia Plc
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Nestle S.A.
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Amway Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Lonza Ltd
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Bluebonnet Nutrition Corporation
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Others
17 Key Trends and Developments in the Market
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