Global Vitamin Ingredients Market to Reach US$ 6.9 Billion by 2032, Bolstered by Development of Natural and Allergen-Free Variants

June 15, 2021 | Food & Beverages

The latest report by IMARC Group, titled “Vitamin Ingredients Market Report by Type (Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K), Form (Tablets and Capsules, Powder, and Others), Source (Natural, Synthetic), Application (Pharmaceuticals, Foods and Beverages, Personal Care Products, Animal Feed, and Others), and Region 2024-2032,” finds that the global vitamin ingredients market reached a value of US$ 4.4 Billion in 2023. Vitamin ingredients, also known as vitamers, are substances with a family of related molecules chemically similar to vitamins or share a standard function in the body. These ingredients form an essential part of the diet and aid growth, digestion, and nerve functions. Vitamin ingredients are available for thirteen different types of vitamins with multiple vitamers. For instance, vitamin A contains six vitamers, vitamin B1 comprises three vitamers, and vitamin C has more than four different types of vitamers. Vitamin ingredients are classified based on two types, including fat-soluble and water-soluble vitamins. Fat-soluble vitamins are diffused in fats and stored in the liver to be used when needed, whereas water-soluble vitamins are not stored but are consumed with food and then excreted as waste.

Global Vitamin Ingredients Market Trends:

With the rising awareness about healthy and nutritional food products among individuals worldwide, the demand for vitamin ingredients has escalated. The growing prevalence of lifestyle diseases and increasing nutritional imbalances due to malnutrition and high intake of junk food and alcoholic beverages have also increased the need for vitamin ingredients. These ingredients help lower the risks of developing cardiovascular diseases, diabetes, eye disorders, signs of aging and heat strokes. Besides this, the expansion of the wellness sector has also increased the application of vitamin A, B, C, D, E, and K across the food and beverages, cosmetics, animal feed, and pharmaceutical industries. Moreover, the development of natural and allergen-free Vitamin E that is used in organic and herbal haircare, skincare, cosmetics and other personal care products is also providing a positive outlook to the market. Looking forward, the market value is projected to reach US$ 6.9 Billion by 2032, expanding at a CAGR of 4.9% during 2024-2032.

Market Summary:

  • Based on the type, the market has been segmented into vitamins A, B, C, D, E and K.
  • On the basis of the form, the market has been segregated into tablets and capsules, powder and others.
  • The market has been categorized based on the source into natural and synthetic.
  • On the basis of the application, the market has been classified into pharmaceuticals, food and beverages, personal care products, animal feed and others. At present pharmaceuticals account for the largest market share.
  • Region-wise, Asia Pacific (China, Japan, India, Indonesia, Australia, South Korea and others) exhibits a clear dominance in the market. Other major regions include North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
  • The competitive landscape of the market has also been examined, with some of the key players being Abbott Laboratories, Archer Daniels Midland Company, BASF SA, Bluestar Adisseo Company, Btsa Biotecnologías Aplicadas S.L., Farbest-Tallman Foods Corp., Glanbia Plc, Koninklijke DSM N.V., Lonza Group, Nestlé S.A., Pfizer Inc., Rabar Pty Ltd. and The Wright Group.


Report Scope:

Report Features Details
Base Year of the Analysis 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Units US$ Billion
Segment Coverage Type, Form, Source, Application, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered Abbott Laboratories, Archer Daniels Midland Company, BASF SA, Bluestar Adisseo Company, Btsa Biotecnologías Aplicadas S.L., Farbest-Tallman Foods Corp., Glanbia Plc, Koninklijke DSM N.V., Lonza Group, Nestlé S.A., Pfizer Inc., Rabar Pty Ltd. and The Wright Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 3899
Five User License: US$ 4899
Corporate License: US$ 5899
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)


About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Contact Us:

IMARC Group

USA: +1-631-791-1145
Email: sales@imarcgroup.com
Website: https://www.imarcgroup.com
Follow us on twitter: @imarcglobal

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Global Vitamin Ingredients Market to Reach US$ 6.9 Billion by 2032, Bolstered by Development of Natural and Allergen-Free Variants
Purchase options




Benefits of Customization

Personalize this research

Triangulate with your data

Get data as per your format and definition

Gain a deeper dive into a specific application, geography, customer, or competitor

Any level of personalization

Get in Touch With Us
UNITED STATES

Phone: +1-631-791-1145

INDIA

Phone: +91-120-433-0800

UNITED KINGDOM

Phone: +44-753-713-2163

Email: sales@imarcgroup.com

Client Testimonials

Aktive Services

IMARC made the whole process easy. Everyone I spoke with via email was polite, easy to deal with, kept their promises regarding delivery timelines and were solutions focused. From my first contact, I was grateful for the professionalism shown by the whole IMARC team. I recommend IMARC to all that need timely, affordable information and advice. My experience with IMARC was excellent and I can not fault it.

Read More
Greenfish S.A.

The IMARC team was very reactive and flexible with regard to our requests. A very good overall experience. We are happy with the work that IMARC has provided, very complete and detailed. It has contributed to our business needs and provided the market visibility that we required

Read More
Colruyt Group

We were very happy with the collaboration between IMARC and Colruyt. Not only were your prices competitive, IMARC was also pretty fast in understanding the scope and our needs for this project. Even though it was not an easy task, performing a market research during the COVID-19 pandemic, you were able to get us the necessary information we needed. The IMARC team was very easy to work with and they showed us that it would go the extra mile if we needed anything extra

Read More
KRISHAK BHARTI CO-OP LTD

Last project executed by your team was as per our expectations. We also would like to associate for more assignments this year. Kudos to your team.

Read More
Zee Media Corp. Ltd.

We would be happy to reach out to IMARC again, if we need Market Research/Consulting/Consumer Research or any associated service. Overall experience was good, and the data points were quite helpful.

Read More
Arabian Plastic Manufacturing Company Ltd.

The figures of market study were very close to our assumed figures. The presentation of the study was neat and easy to analyse. The requested details of the study were fulfilled. My overall experience with the IMARC Team was satisfactory.

Read More
Sumitomo Corporation

The overall cost of the services were within our expectations. I was happy to have good communications in a timely manner. It was a great and quick way to have the information I needed.

Read More
Hameln Rds

My questions and concerns were answered in a satisfied way. The costs of the services were within our expectations. My overall experience with the IMARC Team was very good.

Read More
Quality Consultants BV

I agree the report was timely delivered, meeting the key objectives of the engagement. We had some discussion on the contents, adjustments were made fast and accurate. The response time was minimum in each case. Very good. You have a satisfied customer.

Read More
TATA Advanced Systems Limited

We would be happy to reach out to IMARC for more market reports in the future. The response from the account sales manager was very good. I appreciate the timely follow ups and post purchase support from the team. My overall experience with IMARC was good.

Read More
Stax

IMARC was a good solution for the data points that we really needed and couldn't find elsewhere. The team was easy to work, quick to respond, and flexible to our customization requests.

Read More