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Vitamin Ingredient Market Sales Revenue to Cross US$ 5.3 bn by 2025 End by harsh143 · January 19 Dejan Lovren Shirt , 2019
In the highly competitive聽global vitamin ingredient market, most of the market share is held by top five key players together. Those are Amway, Lonza Georginio Wijnaldum Shirt , DuPont, Koninklijke, and BASF. Going forward too Virgil van Dijk Shirt , these players are expected to hold on to their leading shares. Further the competition in the market is predicted to heat up in future owing to mergers and acquisitions and partnerships.
A report published by Research Report Insights (RRI) on the market for vitamin ingredient shows that it would rise at a steady 4.9% CAGR over the course of the forecast period by 2025. At this pace, the market which was valued at US$5.3 bn in 2016, will likely become worth US$8.1 bn by 2025-end.
Report For Sample with Table of Contents@ Vitamin ingredients find application in formulating processed and packaged food and beverages Nathaniel Clyne Shirt , pharmaceuticals, animal feed, and cosmetics. Among them Cheap Liverpool Shirt , pharmaceuticals are driving maximum demand at present and over the next few years would continue doing so. From a geographical standpoint, Asia Pacific is expected to rise at a steady 5.4% CAGR over the course of the forecast period owing to its burgeoning population, growing awareness about health among them Xherdan Shaqiri Shirt , and a large number of people suffering from deficiency of vitamins. Others factors serving to promote the market in the region is the growing disposable incomes of people, strengthening healthcare systems, and a solid distribution network.
Rising Health Consciousness among People Drives Market
Overall Kamil Grabara Shirt , the outlook for the vitamin ingredient market looks promising because of the rising tribe of health conscious people who are seriously concerned about their nutritional intake. Advised by doctors or fitness instructors, they are seen supplementing their vitamin uptake. They are aware of the various kinds of vitamins and their health benefits. This is expected to drive sales in the market. Adds the lead analyst of out聽RRI report, 鈥淭he shift towards preventive healthcare in order to prevent diseases has led to the surging uptake of vitamin ingredients. This is mainly on account of the rising occurrence of chronic ailments caused resulting from the deficiency of certain vitamins in the body. The growing occurrence of other diseases akin to nutrition-based deficiencies is also positively influencing the market.鈥?p> Natural Vitamin Sources Pose Challenge to Market
Despite steadily growing sales of vitamin ingredients Rafael Camacho Shirt , their market is yet to reach full potential because of the high demand for natural sources of vitamins such as fruits and vegetables, nuts, and fish. Further Caoimhin Kelleher Shirt , increasing uptake of fish oil and other supplements and fortified foods is also dampening demand in the market.
Notwithstanding such setbacks, the market for vitamin ingredients is predicted to soar over the next few years because of the entry of more number of private labels and the ecommerce boom. The latter is providing greater visibility to new products launched by brands who are also banking upon proper descriptions to educate the consumers. Besides, initiatives by governments for promoting intake of vitamins in children and pregnant women and the surging demand for cosmetics infused with vitamins has been catalyzing growth in the market too.
Request For Report Discount@ The report segments the Global Vitamin Ingredient Market into the following:
Global Vitamin Ingredients Market: Type
Vitamin A Vitamin B Vitamin C Vitamin D Vitamin E Vitamin K Global Vitamin Ingredients Market: Application
Pharmaceuticals Processed and Packaged Food and Beverage Cosmetics Animal Feed Global Vitamin Ingredients Market: Geography
North America
US.
Rest of North America
Europe
UK.
France
Italy
Germany
Spain
Rest of Europe
Asia Pacific (APAC)
China
ASEAN
Japan
Rest of APAC
Middle East and Africa (MEA)
South Africa
Rest of MEA
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