Vitamins Market: Global Industry Size, Growth, Share and Forecast to 2025

Published By: Brisk Insights | Published On: May 19, 2017

Key Findings

The Global Vitamins Market has been projected to grow at the CAGR of 7% market during 2017-2025. In 2016, the market has generated the revenue of $ 6,320 million and is expected to reach $ 1,093 million in terms of revenue by 2025

 

Increasing consumer awareness about malnutrition and preventive healthcare are major factors driving the consumption of vitamin supplements. With age, it becomes difficult for the body to optimally absorb the required nutrients from food. Loss of enthusiasm is also a common problem among the geriatric population. Elderly people tend to suffer from vitamin D deficiency as they are less exposure to sunlight. Therefore, there is a growing dependence on vitamin D supplements among the geriatric population, especially in Asia. Moreover, increasing incidence of various lifestyle diseases such as night blindness, osteomalacia, digestive disorders, and other vitamin deficiency diseases, along with hectic lifestyles of people are expected to propel the growth of the global vitamins market.

 

Market Segment Insights

Water soluble and fat soluble are the prime variants of vitamins. Fat soluble vitamins are stored in the fat cells whereas; water soluble vitamins are not stored in the body. Vitamins B1, B2, B3, B6, B12, and vitamin C are types of water soluble vitamins and vitamins A, D, E and K are type of fat soluble vitamins. Vitamin E is projected to be the largest segment and accounts for major share of the global vitamins market. The market is witnessing growth due to increase in demand from various end users industries such as feed, cosmetics and pharmaceuticals. Vitamins are available widely as over the counter products.

 

Regional Insights

Asia Pacific was the largest market for vitamin supplements in 2016, accounting for 31% of the global market share. It was followed by Europe and North America with combined market share of over 50%. From 2016 to 2025, in terms of value, the Asia Pacific vitamin supplements market is expected to expand at the highest CAGR during the forecast period owing to increasing demand from countries such as India and China. Increasing elderly population is also expected to propel the growth of the market in the region. 

 

Market Competition Assessment:

The major players currently operating in the global vitamin market include BASF SE, Amway, ADM, Vitamin Shoppe DSM, Bayer AG, Pfizer and NBTY Inc.

Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
1.3.4 Assumptions


Chapter 2 Executive Summary
2.1 Vitamins Market Portraiture
2.2 Global Vitamins Market, by Product Type, 2016 ($ Million)
2.3 Global Vitamins Market, by Application
2.3 Global Vitamins Market, by Geography, 2016 (Value %)


Chapter 3 Global Vitamins Market Analysis
3.1 Global Vitamins Market Overview
3.2 Prevalence of Vitamins Market
3.3 Market Dynamics
3.3.1 Market Drivers
3.3.1.1 Aging population & increasing consumption of health supplements  
3.3.2 Challenges
3.3.2.1 Advent of functional foods and botanicals
3.3.3 Opportunities
3.4 Attractive Investment Proposition
3.5 Competitive Analysis: Global Vitamins Market, 2015 (Value %)


Chapter 4 Global Vitamins Market Analysis, by product, 2015-2025 ($ Million)
4.1 Preface
4.2 Water Soluble
4.2.1 Vitamin B
4.2.2 Vitamin C
4.3 Fat Soluble
4.3.1 Vitamin A
4.3.2 Vitamin E
4.3.3 Vitamin K
4.3.4 Vitamin D


Chapter 5 Global Vitamins Market, by Application, 2015-2025 ($ Million)
5.1 Feed
5.2 Personal Care
5.3 Food & beverages
5.4 Pharmaceuticals


Chapter 5 Global Vitamins Market, by Geography, 2015-2025 ($ Million)
6.1 Preface
6.2 North America (U.S. & Canada)
6.3 Europe (U.K., Germany & Rest of Europe)
6.4 Asia Pacific (China, Japan, Singapore, South Korea and Rest of APAC)
6.5 Latin America (Mexico, Brazil and Rest of LATAM)
6.6 Middle East and Africa


Chapter 7 Company Profiles
7.1 ADM
7.2 Amway
7.3 BASF SE
7.4 Bayer AG
7.5 DSM
7.6 NBTY, Inc.
7.7 Pfizer
6.8 Pharmavite LLC
6.9 Reckitt Benckiser Group PLC
6.10 Vitamin Shoppe

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