Global Vitamin Ingredients Market Size and Forecast 2024-2033|Archer Daniels Midland Company, BASF SE, Bluestar Adisseo Company, Koninklijke DSM NV, Lonza Group AG

The Vitamin Ingredients Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).

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According to The Business Research Company’s Vitamin Ingredients Global Market Report 2024, The vitamin ingredients market size has grown strongly in recent years. It will grow from $4.97 billion in 2023 to $5.27 billion in 2024 at a compound annual growth rate (CAGR) of 5.9%. The growth in the historic period can be attributed to increasing health awareness, aging population, diverse dietary preferences, rise in chronic health conditions, fitness and wellness culture, consumer demand for natural ingredients, fortification of food and beverages, globalization of dietary, growth in nutraceuticals industry, clinical research and health studies.

The vitamin ingredients market size is expected to see strong growth in the next few years. It will grow to $6.66 billion in 2028 at a compound annual growth rate (CAGR) of 6.0%. The growth in the forecast period can be attributed to emergence of personalized supplements, growing vegan and plant-based diets, nutrigenomics and nutrigenetics, elderly nutrition solutions, expansion of functional foods market, government initiatives for public health, integration of vitamins in functional beverages.. Major trends in the forecast period include vitamin d supplementation, customized vitamin blends, clean label and natural sourcing, innovations in delivery formats, digital health and personalized nutrition apps, sustainable sourcing practices.

The increased incidence of chronic medical diseases is expected to propel the growth of the vitamin ingredients market going forward. Chronic diseases refer to illnesses that last for a year or longer and require ongoing medical attention. Vitamin ingredients are necessary to maintain a system with an adequate level of nutrition to fight chronic diseases. Additionally, vitamin ingredients are used to reduce chronic inflammation brought on by NCDs (non-communicable diseases), including diabetes and obesity. Thus, the demand for vitamin ingredients will rise in response to the increasing incidence of chronic medical diseases. For instance, according to the World Health Organization (WHO), a Switzerland-based organization for international public health, 41 million people are killed every year globally due to chronic diseases. Of that, 17 million people die from chronic diseases before the age of 70. 77% of chronic deaths are in low- and middle-income countries. Therefore, the increased incidence of chronic medical diseases will drive the growth of the vitamin ingredients market.

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The vitamin ingredients market covered in this report is segmented –

1) By Source: Natural, Synthetic

2) By Type: Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K

3) By Form: Solid, Liquid, Powder

4) By Application: Pharmaceuticals, Foods And Beverages, Personal Care Products, Animal Feed, Other Applications

Product innovation is a key trend gaining popularity in the vitamin ingredient market. Major companies operating in the market are introducing innovative products such as 100% natural active vitamin ingredients for various applications to sustain their position in the vitamin ingredients market. For instance, in April 2021, Vytrus Biotech, a Spain-based biotechnology company introduced Nectaria Lithops, a brand-new innovative natural active ingredient that enhances the stimulation of vitamin D synthesis. It is an entirely natural active component that improves the skin’s microenvironment and increases vitamin D production to strengthen, revive, volumize, and brighten fading skin to produce a D-Skin. Nectaria Lithops’ special features encourage vitamin D synthesis in skin cells, hydrate the deepest layers of the skin, increase cheek volume dewiness, and enhance oxygenation, microcirculation, skin tone, and texture. It can be used for various cosmetic applications such as deep skin hydration and water retention, skin dewiness treatments, sun care, healthy skin, brightness, and skin microcirculation and oxygenation.

The vitamin ingredients market report table of contents includes:

1. Executive Summary

2. Vitamin Ingredients Market Characteristics

3. Vitamin Ingredients Market Trends And Strategies

4. Vitamin Ingredients Market – Macro Economic Scenario

5. Global Vitamin Ingredients Market Size and Growth

26. South America Vitamin Ingredients Market

27. Brazil Vitamin Ingredients Market

28. Middle East Vitamin Ingredients Market

29. Africa Vitamin Ingredients Market

30. Vitamin Ingredients Market Competitive Landscape And Company Profiles

Top Major Players: