Vitamin Ingredients Market: By Vitamin Type, By Formulation, By Application, and Geography

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Vitamin Ingredients Market Size, Share, Growth, Trends, and Global Industry Analysis: By Vitamin Type (Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K), By Formulation (Solid, Liquid, Powder), By Application (Food and Beverages, Pharmaceuticals, Cosmetics, Others), and Region

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Vitamin Ingredients Market size is valued at US$ 5,829.4 million in 2023 and is poised to grow at a CAGR of  5.9% from 2024 to 2030. The global market provides a detailed overview of the market, and that can be segmented by vitamin type, by formulation, and by application. By vitamin type, the market has been segmented into Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Vitamin K. The Vitamin A segment is likely to be the largest and fastest-growing segment in terms of type because of its numerous advantages. Vitamin A can treat eye diseases such as myopia, blindness at night, and cataracts.

Vitamin D is also growing at a faster rate in the market because it can improve diabetes and hypertension, and calcium absorption for bone health. Based on formulation, the market is segmented into Solid, Liquid, Powder. Among these, the solid segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on application, the market is segmented into Food and Beverages, Pharmaceuticals, Cosmetics Consumption, Others. The Pharmaceuticals segment accounts for the largest share in 2021.

Food and Beverages segment is the second-largest share during the forecast period 2022-2028 according to precision business insights. Vitamins are the essential nutrients for the human body to maintain the proper metabolic functions, healthy life, nerve functions, and digestion. Vitamins are divided into two types, fat-soluble vitamins include vitamin A, D, E, K and water-soluble vitamins Include vitamin B and C. The growing concerns of lifestyle illnesses is the major driver for the market in recent years. Moreover, increasing prevalence of chronic diseases, vitamin deficiency, and growing population of elder people are boosting the overall market growth.

Vitamin Ingredients Market Key Developments

  • In Sept 2022, H&H Group launched Swisse, Australia No. 1 multivitamin and beauty nutrition brand, in UAE In Sept 2022, UK Biotech launched vitamin microcapsules for the drink industry.

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Global Vitamin Ingredients Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.9%

Largest Market

North America

Fastest Growing Market

Europe

Vitamin Ingredients Market Dynamics

Increasing prevalence of lifestyle diseases, growing awareness about vitamin deficiency are anticipated to propel the market growth over the forecast years. Moreover, the government programs for the necessary intake of vitamins for children is burgeon the market growth over the forecast years.

Global Vitamin Ingredients Market Segmentation Analysis

Report Benchmarks

Details

Report Study Period

2024-2030

Market Size in 2023

US$ 5,829.4 million

Market CAGR

5.9%

By Vitamin Type

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

By Formulation

  • Solid
  • Liquid
  • Powder

By Application

  • Food and Beverages
  • Pharmaceuticals
  • Cosmetics
  • Others

By Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • MEA

Key Features of the Report

  • The vitamin ingredients market report provides granular level information about the market size, regional market share, historic market (2019 to 2023) and forecast (2024 to 2030)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

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Frequently Asked Questions

Global vitamin ingredients market size was valued at US$ 5,829.4 million in 2023 and is expected to grow at a CAGR of 5.9% from 2024 to 2030.

The Asia Pacific region is leading the global vitamin ingredients market due to the high demand for vitamin capsules, syrup, and other powder forms.

The growing geriatric populations are the major driver in the global market. However, rise in preference for natural vitamin food products such as fruits, meat and fish oils may hamper the growth of the global vitamin ingredients market

Historic years considered for the market study are 2017 through 2021, 2021 is considered as the base year for market estimation and Seven years forecast presented from 2022 – 2028.

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Author

Sravani

Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....

1.Executive Summary
2.Global Vitamin Ingredients Market Introduction 
2.1.Global Vitamin Ingredients Market  - Taxonomy
2.2.Global Vitamin Ingredients Market  - Definitions
2.2.1.Vitamin Type
2.2.2.Formulation
2.2.3.Application
2.2.4.Region
3.Global Vitamin Ingredients Market Dynamics
3.1. Drivers
3.2. Restraints
3.3. Opportunities/Unmet Needs of the Market
3.4. Trends
3.5. Product Landscape
3.6. New Product Launches
3.7. Impact of COVID 19 on Market
4.Global Vitamin Ingredients Market Analysis, 2019 - 2023 and Forecast 2024 - 2030
4.1.  Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
4.2.  Year-Over-Year (Y-o-Y) Growth Analysis (%) 
4.3.  Market Opportunity Analysis 
5.Global Vitamin Ingredients Market  By Vitamin Type, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
5.1. Vitamin A
5.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.1.3. Market Opportunity Analysis 
5.2. Vitamin B
5.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.2.3. Market Opportunity Analysis 
5.3. Vitamin C
5.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.3.3. Market Opportunity Analysis 
5.4. Vitamin D
5.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.4.3. Market Opportunity Analysis 
5.5. Vitamin E
5.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.5.3. Market Opportunity Analysis 
5.6. Vitamin K
5.6.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
5.6.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
5.6.3. Market Opportunity Analysis 
6.Global Vitamin Ingredients Market  By Formulation, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
6.1. Solid
6.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.1.3. Market Opportunity Analysis 
6.2. Liquid
6.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.2.3. Market Opportunity Analysis 
6.3. Powder
6.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
6.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
6.3.3. Market Opportunity Analysis 
7.Global Vitamin Ingredients Market  By Application, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
7.1. Food and Beverages
7.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.1.3. Market Opportunity Analysis 
7.2. Pharmaceuticals
7.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.2.3. Market Opportunity Analysis 
7.3. Cosmetics
7.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.3.3. Market Opportunity Analysis 
7.4. Others
7.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
7.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
7.4.3. Market Opportunity Analysis 
8.Global Vitamin Ingredients Market  By Region, 2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
8.1. North America
8.1.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.1.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.1.3. Market Opportunity Analysis 
8.2. Europe
8.2.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.2.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.2.3. Market Opportunity Analysis 
8.3. Asia Pacific (APAC)
8.3.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.3.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.3.3. Market Opportunity Analysis 
8.4. Middle East and Africa (MEA)
8.4.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.4.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.4.3. Market Opportunity Analysis 
8.5. Latin America
8.5.1. Market Analysis, 2019 - 2023 and Forecast, 2024 - 2030, (Sales Value USD Million)
8.5.2. Year-Over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%) 
8.5.3. Market Opportunity Analysis 
9.North America Vitamin Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
9.1. Vitamin Type Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.1.1.Vitamin A
9.1.2.Vitamin B
9.1.3.Vitamin C
9.1.4.Vitamin D
9.1.5.Vitamin E
9.1.6.Vitamin K
9.2.  Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.2.1.Solid
9.2.2.Liquid
9.2.3.Powder
9.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.3.1.Food and Beverages
9.3.2.Pharmaceuticals
9.3.3.Cosmetics
9.3.4.Others
9.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
9.4.1.United States of America (USA)
9.4.2.Canada
10.Europe Vitamin Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
10.1. Vitamin Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.1.1.Vitamin A
10.1.2.Vitamin B
10.1.3.Vitamin C
10.1.4.Vitamin D
10.1.5.Vitamin E
10.1.6.Vitamin K
10.2.  Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.2.1.Solid
10.2.2.Liquid
10.2.3.Powder
10.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.3.1.Food and Beverages
10.3.2.Pharmaceuticals
10.3.3.Cosmetics
10.3.4.Others
10.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
10.4.1.Germany
10.4.2.France
10.4.3.Italy
10.4.4.United Kingdom (UK)
10.4.5.Spain
11.Asia Pacific (APAC) Vitamin Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
11.1. Vitamin Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.1.1.Vitamin A
11.1.2.Vitamin B
11.1.3.Vitamin C
11.1.4.Vitamin D
11.1.5.Vitamin E
11.1.6.Vitamin K
11.2.  Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.2.1.Solid
11.2.2.Liquid
11.2.3.Powder
11.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.3.1.Food and Beverages
11.3.2.Pharmaceuticals
11.3.3.Cosmetics
11.3.4.Others
11.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
11.4.1.China
11.4.2.India
11.4.3.Australia and New Zealand (ANZ)
11.4.4.Japan
11.4.5.Rest of APAC
12.Middle East and Africa (MEA) Vitamin Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
12.1. Vitamin Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.1.1.Vitamin A
12.1.2.Vitamin B
12.1.3.Vitamin C
12.1.4.Vitamin D
12.1.5.Vitamin E
12.1.6.Vitamin K
12.2.  Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.2.1.Solid
12.2.2.Liquid
12.2.3.Powder
12.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.3.1.Food and Beverages
12.3.2.Pharmaceuticals
12.3.3.Cosmetics
12.3.4.Others
12.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
12.4.1.GCC Countries
12.4.2.South Africa
12.4.3.Rest of MEA
13.Latin America Vitamin Ingredients Market ,2019 - 2023 and Forecast 2024 - 2030 (Sales Value USD Million)
13.1. Vitamin Type Analysis  and Forecast  by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.1.1.Vitamin A
13.1.2.Vitamin B
13.1.3.Vitamin C
13.1.4.Vitamin D
13.1.5.Vitamin E
13.1.6.Vitamin K
13.2.  Formulation Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.2.1.Solid
13.2.2.Liquid
13.2.3.Powder
13.3.  Application Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.3.1.Food and Beverages
13.3.2.Pharmaceuticals
13.3.3.Cosmetics
13.3.4.Others
13.4.  Country Analysis 2019 - 2023 and Forecast 2024 - 2030 by Sales Value USD Million, Y-o-Y Growth (%), and Market Share (%) 
13.4.1.Brazil
13.4.2.Mexico
13.4.3.Rest of LA
14. Competition Landscape
14.1.  Market Player Profiles (Introduction, Brand/Product Sales, Financial Analysis, Product Offerings, Key Developments, Collaborations, M & A, Strategies, and SWOT Analysis) 
14.2.1.BASF SE (Germany)
14.2.2.Archer Daniels Midland Co. (U.S.)
14.2.3.I. du Pont de Nemours and Co. (U.S.)
14.2.4.Bayer AG (Germany)
14.2.5.Koninklijke DSM N.V. (Netherlands)
14.2.6.Pharmavite LLC (U.S.)
14.2.7.Herbalife International, Inc. (U.S.)
14.2.8.Nutraceutical Corporation  (U.S.)
14.2.9.Bactolac Pharmaceutical (U.S.)
14.2.10.Adisseo (France)
14.2.11.Nestle (Switzerland)
15. Research Methodology 
16. Appendix and Abbreviations 

Key Market Players

  • BASF SE (Germany)
  • Archer Daniels Midland Co. (U.S.)
  • I. du Pont de Nemours and Co. (U.S.)
  • Bayer AG (Germany)
  • Koninklijke DSM N.V. (Netherlands)
  • Pharmavite LLC (U.S.)
  • Herbalife International, Inc. (U.S.)
  • Nutraceutical Corporation  (U.S.)
  • Bactolac Pharmaceutical (U.S.)
  • Adisseo (France)
  • Nestle (Switzerland)

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