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SAN FRANCISCO, Aug. 10, 2017 -- Global Vitamin Ingredients Market Report, published by Variant Market Research, forecast that the global market is expected to reach $8,573 Million by 2024 from $5,843 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.
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Increasing knowledge of precautionary measures among consumers, and rising geriatric population, majorly in developed countries such as the U.S. is driving the global vitamin ingredients market. Also, rising acceptance of vitamin added cosmetics has also boosted the growth of the market. Growing awareness towards necessary intake of vitamins among pregnant women and children have increased market penetration across various geographies. However, other supplements such as, fish oil would restrain the growth of the market. Mounting penetration of online sales, and product innovation with upgraded formulations would provide new business opportunities for competitors in the coming four to five years.
The segmentations of the global vitamin ingredients market are product type, application, and geography. The product type sub-segments include Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Vitamin K. The application sub-segments include food & beverages, pharmaceuticals, animal feed, cosmetics, and others. In the product type segment, Vitamin B accounted for the largest market share in 2016 and estimated to dominate the market throughout the forecast period, 2016 – 2024.
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Geographical classifications of the market are North America, Europe, Asia-Pacific, and Rest of the World (RoW). Health awareness programs from government organizations and increased disposable income has made Asia-Pacific the fastest growing region in the global vitamin ingredients market. Awareness programs by social media has also boosted market growth in the region.
Major key players operating in the market are, Pharmavite LLC, Bayer AG, Lonza Group Ltd., Glanbia plc., Adisseo France S.A.S, BASF SE, Archer Daniels Midland Co., Herbalife International, Inc., Nutraceutical Corporation, and North China Pharmaceutical Corporation, 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
- US
- Canada
- Mexico
- Europe
- U.K.
- Germany
- Italy
- France
- Spain
- Others
- Asia-Pacific
- China
- Japan
- Others
- RoW
- Middle East
- South America
- Africa
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill 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 are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
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Contact Us: Kavya Borgaonkar Variant Market Research Web: https://www.variantmarketresearch.com Tel: +1-415-680-2785 Tel: +91 20 65337795 Fax: +1-415-680-2786 Email: [email protected] Email: [email protected]
