Author
Sravani is a proficient Business Analyst with an MBA and a background in Computer Science, with seven years of expe.....
Vitamin Ingredients Market: By Vitamin Type, By Formulation, By Application, and Region Forecast 2019-2030
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.
Study Period
2024-2030Base Year
2023CAGR
5.9%Largest Market
North AmericaFastest Growing Market
Europe
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.
Report Benchmarks |
Details |
Report Study Period |
2024-2030 |
Market Size in 2023 |
US$ 5,829.4 million |
Market CAGR |
5.9% |
By Vitamin Type |
|
By Formulation |
|
By Application |
|
By Region |
|
Download Free Sample Report
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.
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