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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.

Key Market Players

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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Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached We Market Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

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Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2033.

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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