- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin D
- Vitamin E
- Vitamin K
Vitamin Ingredients Market size is valued at USD 4,729.4 million in 2022 and is poised to grow at a CAGR of 5.9% from 2023 to 2029. The global market provides a detailed overview of the global vitamin ingredients market, and that can be segmented by vitamin type, by formulation, and by application. By vitamin type, the global vitamin ingredients 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 global vitamin ingredients market because it can improve diabetes and hypertension, and calcium absorption for bone health. Based on formulation, the global vitamin ingredients 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 global vitamin ingredients market is segmented into Food and Beverages, Pharmaceuticals, Cosmetics Consumption, Others. The Pharmaceuticals segment accounts for the largest share in 2021. Also, 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 global vitamin ingredients market in recent years. Moreover, increasing prevalence of chronic diseases, vitamin deficiency, and growing population of elder people are boosting the overall market growth.
Fastest Growing Market
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.
The fastest-growing segment of the global vitamin ingredients market is Vitamin A. This is attributed to the growing cases of ophthalmic illness in children, surge in aging population, increase in awareness toward eye care. Vitamin A lowers the risk of cataract, night blindness, and myopia.
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.