Vitamin Ingredients Market Size – By Product Type (Vitamin A, Vitamin B (B1, B2, B3, B5, B6, B7, B9, B12), Vitamin C, Vitamin D, Vitamin E, and Vitamin K), By Source (Synthetic and Natural), By Form (Powder, Liquid and Granules), By Application (Beverages, Food, Cosmetics, Pharmaceuticals, Pet Food & Animal Feed and Others) & Region – Global Forecasts 2024 - 2034.
- PUBLISHED ON
- 2024-11-12
- NO OF PAGES
- 275
- CATEGORY
- Food & Beverages
Market Overview
The Vitamin Ingredients market report is predicted to develop at a compound annual growth rate (CAGR) of 4.8% from 2024 to 2034, when global Vitamin Ingredients market forecast size is projected to reach USD 11.64 Billion in 2034, based on an average growth pattern. The global Vitamin Ingredients market revenue is estimated to reach a value of USD 5.85 Billion in 2024.
SOURCE: We Market Research
The global
vitamin ingredients market is a significant segment of the broader
nutraceutical and health supplement industry. Vitamins play a crucial role in
human health by supporting growth, development, and numerous bodily functions.
The Global Vitamin Ingredients Market encompasses the production and
distribution of vitamins used in various industries, including food and
beverages, pharmaceuticals, animal feed, and personal care. The market is
driven by factors such as rising consumer awareness about health and wellness,
demand for fortified and functional foods, and increasing use of vitamins in
dietary supplements.
Global Vitamin Ingredients Market Scope
|
Report Attributes |
Description |
|
Market Size in 2024 |
USD 5.85 Billion |
|
Market
Forecast in 2034 |
USD 11.64 Billion |
|
CAGR % 2024-2034 |
4.8% |
|
Base
Year |
2023 |
|
Historic Data |
2019-2023 |
|
Forecast
Period |
2024-2034 |
|
Report USP
|
Production,
Consumption, company share, company heatmap, company production capacity,
growth factors and more |
|
Segments
Covered |
By Product
Type, By Source, By Form, By Application and By Region |
|
Regional Scope |
North America,
Europe, APAC, South America and Middle East and Africa |
|
Country
Scope |
U.S.; Canada;
U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia;
China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico;
Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria |
Market Dynamics & Restraints
Global Vitamin Ingredients Market Opportunity:
We Market
Research: Dashboard
Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into global Vitamin Ingredients market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.
Vitamin Ingredients Market Segmentation
Market- By Source Analysis
By source, the Vitamin Ingredients market analysis is categories into synthetic and natural. Synthetic segment dominates the market with the largest share, accounting for over 55% of the market in 2023. While the growth rate for synthetic is lower than that of natural. Historically, synthetic vitamins have held a larger market share due to their lower production costs, higher stability, and easier availability compared to natural sources. They are commonly used in large-scale fortified food and beverage manufacturing as well as supplements. However, concerns over synthetic ingredients and rising health-consciousness have been driving more consumers towards naturally sourced vitamins, leading to a gradual shift in market dynamics.
The
following segments are part of an in-depth analysis of the global Vitamin
Ingredients market:
|
Market Segments |
|
|
By Source |
·
Synthetic ·
Natural |
|
By Product
Type |
·
Vitamin A ·
Vitamin B (B1, B2, B3, B5, B6, B7, B9, B12) ·
Vitamin C ·
Vitamin D ·
Vitamin E ·
Vitamin K |
|
By Form |
·
Powder ·
Liquid ·
Granules |
|
By Application |
·
Beverages ·
Food ·
Cosmetics ·
Pharmaceuticals ·
Pet Food & Animal Feed ·
Others |
Vitamin Ingredients Industry: Regional Analysis
North America Market Forecast
This region holds a significant share of the vitamin ingredients market due to high awareness of dietary supplements, extensive healthcare expenditure, and a strong emphasis on preventive health. The U.S. contributes a major portion, driven by demand for fortified foods, functional beverages, and health supplements.
Europe Market Statistics
Europe accounts
for a substantial market share, supported by stringent regulations, the
presence of major players, and high adoption rates of dietary supplements and
health-enhancing ingredients. Countries like Germany, France, and the UK lead
the regional market due to strong consumer interest in vitamins for immune
support and wellness.
Asia Pacific Market Forecasts
The Asia Pacific
region has shown rapid growth and is one of the largest markets, driven by
increasing disposable incomes, growing health awareness, and higher demand for
fortified foods, beverages, and supplements. Major contributors include China,
India, and Japan, with China experiencing particularly strong demand.
Middle East & Africa Market Statistics
MEA represents a
smaller share of the global market but is witnessing growth due to improving
healthcare infrastructure, rising awareness about nutrition, and demand for
fortified products. The growth rate in this region is promising, although
current volumes are still smaller compared to more mature markets.
Latin America Market Statistics
Latin America holds a modest share, with demand being driven by increased awareness of nutrition and wellness, particularly in countries like Brazil and Mexico. Economic factors and growing urbanization have contributed to market expansion, although price sensitivity in some areas influences demand.
The Global Vitamin Ingredients Market is dominated by
a few large companies, such as
·
BASF SE
·
Koninklijke DSM N.V.
·
Lonza Group AG
·
ADM (Archer Daniels Midland
Company)
·
Glanbia plc
·
Cargill, Incorporated
·
Pfizer Inc.
·
The Nature’s Bounty Co.
·
Sanofi S.A.
·
Vitablend Nederland B.V.
·
Zhejiang NHU Co., Ltd.
·
Pharmavite LLC
·
Others
1.
Global
Vitamin Ingredients Market Introduction and Market Overview
1.1. Objectives of the Study
1.2. Global Vitamin Ingredients
Market Scope and Market Estimation
1.2.1. Global Vitamin Ingredients Overall
Market Size (US$ Bn) and Volume (Tons), Market CAGR (%), Market forecast (2024
- 2034)
1.2.2. Global Vitamin Ingredients
Market Revenue Share (%) and Volume Share (%) and Growth Rate (Y-o-Y) from 2019
- 2034
1.3. Market Segmentation
1.3.1. Product Type of Global Vitamin
Ingredients Market
1.3.2. Source of Global Vitamin Ingredients
Market
1.3.3. Form of Global Vitamin
Ingredients Market
1.3.4. Application of Global Vitamin
Ingredients Market
1.3.5. Region of Global Vitamin
Ingredients Market
2.
Executive Summary
2.1. Demand Side Trends
2.2. Key Market Trends
2.3. Market Demand (US$ Bn) Analysis
2019 – 2023 and Forecast, 2024 – 2034
2.4. Demand and Opportunity
Assessment
2.5. Market Dynamics
2.5.1. Drivers
2.5.2. Limitations
2.5.3. Opportunities
2.5.4. Impact Analysis of Drivers and
Restraints
2.6. Key Developments
2.7. Porter’s Five Forces Analysis
2.7.1. Bargaining Power of Suppliers
2.7.2. Bargaining Power of Buyers
2.7.3. Threat of Substitutes
2.7.4. Threat of New Entrants
2.7.5. Competitive Rivalry
2.8. PEST Analysis
2.8.1. Political Factors
2.8.2. Economic Factors
2.8.3. Social Factors
2.8.4. Technology Factors
2.9. Key Regulation
3.
Global Vitamin Ingredients
Market Estimates & Historical Trend
Analysis (2019 - 2023)
4. Global
Vitamin Ingredients Market Estimates &
Forecast Trend Analysis, by Product Type
4.1. Global Vitamin Ingredients
Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecast, by Product
Type, 2019 - 2034
4.1.1. Vitamin A
4.1.2. Vitamin B (B1, B2, B3, B5, B6,
B7, B9, B12)
4.1.3. Vitamin C
4.1.4. Vitamin D
4.1.5. Vitamin E
4.1.6. Vitamin K
5. Global
Vitamin Ingredients Market Estimates &
Forecast Trend Analysis, by Source
5.1. Global Vitamin Ingredients
Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Source, 2019
- 2034
5.1.1. Synthetic
5.1.2. Natural
6. Global
Vitamin Ingredients Market Estimates &
Forecast Trend Analysis, by Form
6.1. Global Vitamin Ingredients
Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Form, 2019
- 2034
6.1.1. Powder
6.1.2. Liquid
6.1.3. Granules
7. Global
Vitamin Ingredients Market Estimates &
Forecast Trend Analysis, by Application
7.1. Global Vitamin Ingredients
Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by
Application, 2019 - 2034
7.1.1. Beverages
7.1.2. Food
7.1.3. Cosmetics
7.1.4. Pharmaceuticals
7.1.5. Pet Food & Animal Feed
7.1.6. Others
8.
Global Vitamin Ingredients
Market Estimates & Forecast Trend
Analysis, by Region
8.1. Global Vitamin Ingredients
Market Revenue (US$ Bn) and Volume (Tons) Estimates and Forecasts, by Region, 2019
- 2034
8.1.1. North America
8.1.2. Eastern Europe
8.1.3. Western Europe
8.1.4. Asia Pacific
8.1.5. Middle East & Africa
8.1.6. Latin America
9.
North
America Vitamin Ingredients Market: Estimates & Forecast Trend Analysis
9.1.
North
America Vitamin Ingredients Market Assessments & Key Findings
9.1.1. North America Vitamin
Ingredients Market Introduction
9.1.2. North America Vitamin
Ingredients Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
9.1.2.1. By Product Type
9.1.2.2. By Form
9.1.2.3. By Source
9.1.2.4. By Application
9.1.2.5. By Country
9.1.2.5.1. The U.S.
9.1.2.5.2. Canada
9.1.2.5.3. Mexico
10. Western Europe Vitamin
Ingredients Market: Estimates &
Forecast Trend Analysis
10.1. Western Europe Vitamin
Ingredients Market Assessments & Key Findings
10.1.1. Western Europe Vitamin
Ingredients Market Introduction
10.1.2. Western Europe Vitamin
Ingredients Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
10.1.2.1. By Product Type
10.1.2.2. By Form
10.1.2.3. By Source
10.1.2.4. By Application
10.1.2.5. By Country
10.1.2.5.1.
Germany
10.1.2.5.2.
Italy
10.1.2.5.3.
U.K.
10.1.2.5.4.
France
10.1.2.5.5.
Spain
10.1.2.5.6.
Benelux
10.1.2.5.7.
Nordics
10.1.2.5.8. Rest
of W. Europe
11. Eastern Europe Vitamin
Ingredients Market: Estimates &
Forecast Trend Analysis
11.1. Eastern Europe Vitamin
Ingredients Market Assessments & Key Findings
11.1.1. Eastern Europe Vitamin
Ingredients Market Introduction
11.1.2. Eastern Europe Vitamin
Ingredients Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
11.1.2.1. By Product Type
11.1.2.2. By Form
11.1.2.3. By Source
11.1.2.4. By Application
11.1.2.5. By Country
11.1.2.5.1.
Russia
11.1.2.5.2.
Hungary
11.1.2.5.3.
Poland
11.1.2.5.4.
Balkan & Baltics
11.1.2.5.5. Rest of E. Europe
12. Asia Pacific Vitamin
Ingredients Market: Estimates &
Forecast Trend Analysis
12.1. Asia Pacific Market Assessments
& Key Findings
12.1.1. Asia Pacific Vitamin Ingredients
Market Introduction
12.1.2. Asia Pacific Vitamin Ingredients
Market Size & Volume Estimates and Forecast (US$ Billion & Tons) (2019
- 2034)
12.1.2.1. By Product Type
12.1.2.2. By Form
12.1.2.3. By Source
12.1.2.4. By Application
12.1.2.5. By Country
12.1.2.5.1. China
12.1.2.5.2. Japan
12.1.2.5.3. India
12.1.2.5.4. Australia & New Zealand
12.1.2.5.5. South Korea
12.1.2.5.6. ASEAN
12.1.2.5.7. Rest of Asia Pacific
13. Middle East & Africa Vitamin
Ingredients Market: Estimates &
Forecast Trend Analysis
13.1. Middle East & Africa Market
Assessments & Key Findings
13.1.1. Middle
East & Africa Vitamin
Ingredients Market Introduction
13.1.2. Middle
East & Africa Vitamin
Ingredients Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
13.1.2.1. By Product Type
13.1.2.2. By Form
13.1.2.3. By Source
13.1.2.4. By Application
13.1.2.5. By Country
13.1.2.5.1. UAE
13.1.2.5.2. Saudi
Arabia
13.1.2.5.3. Turkey
13.1.2.5.4. South
Africa
13.1.2.5.5. Rest of
MEA
14. Latin America
Vitamin Ingredients Market: Estimates
& Forecast Trend Analysis
14.1. Latin America Market Assessments
& Key Findings
14.1.1. Latin America Vitamin
Ingredients Market Introduction
14.1.2. Latin America Vitamin
Ingredients Market Size & Volume Estimates and Forecast (US$ Billion & Tons)
(2019 - 2034)
14.1.2.1. By Product Type
14.1.2.2. By Form
14.1.2.3. By Source
14.1.2.4. By Application
14.1.2.5. By Country
14.1.2.5.1. Brazil
14.1.2.5.2. Argentina
14.1.2.5.3. Colombia
14.1.2.5.4. Rest of
LATAM
15. Country Wise Market:
Introduction
16. Competition Landscape
16.1. Global Vitamin Ingredients
Market Product Mapping
16.2. Global Vitamin Ingredients Market
Concentration Analysis, by Leading Players / Innovators / Emerging Players /
New Entrants
16.3. Global Vitamin Ingredients
Market Tier Structure Analysis
16.4. Global Vitamin Ingredients
Market Concentration & Company Market Shares (%) Analysis, 2023
17. Company Profiles
17.1. BASF SE
17.1.1. Company Overview & Key Stats
17.1.2. Financial Performance & KPIs
17.1.3. Product Portfolio
17.1.4. SWOT Analysis
17.1.5. Business Strategy & Recent
Developments
Similar details would be provided
for all the players mentioned below
17.2. Koninklijke
DSM N.V.
17.3. Lonza Group AG
17.4. ADM (Archer
Daniels Midland Company)
17.5. Glanbia plc
17.6. Cargill,
Incorporated
17.7. Pfizer Inc.
17.8. The Nature’s
Bounty Co.
17.9. Sanofi S.A.
17.10. Vitablend
Nederland B.V.
17.11. Zhejiang NHU
Co., Ltd.
17.12. Pharmavite LLC
17.13. Others
18. Research
Methodology
18.1. External Transportations /
Databases
18.2. Internal Proprietary Database
18.3. Primary Research
18.4. Secondary Research
18.5. Assumptions
18.6. Limitations
18.7. Report FAQs
19. Research
Findings & Conclusion
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Frequently Asked Questions
What is the market size of Vitamin Ingredients Market in 2024?
Vitamin Ingredients Market was valued at USD 5.85 Billion in 2024.
What is the growth rate for the Vitamin Ingredients Market?
Vitamin Ingredients Market size will increase at approximate CAGR of 4.8% during the forecasted period.
Which are the top companies operating within the market?
Major companies operating within the market are BASF SE, Koninklijke DSM N.V., Lonza Group AG, ADM (Archer Daniels Midland Company), Glanbia plc, Cargill, Incorporated, Pfizer Inc., The Nature’s Bounty Co., Sanofi S.A., Vitablend Nederland B.V., Zhejiang NHU Co., Ltd., Pharmavite LLC and others.
Which region dominates the Vitamin Ingredients Market?
Asia Pacific dominates the market with an active share of 38%.
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