Vitamins Market Research Report - Forecast till 2028

Vitamins Market: Information by Type (Vitamin B, Vitamin C, Vitamin E, and Others), by Source (Synthetic and Natural), by Application (Food & Beverages, Pharmaceutical & Nutraceutical, Animal Feed, and Personal Care), and Region (North America, Europe, Asia-Pacific, and Rest of the World)β€”Forecast till 2028

ID: MRFR/F-B & N/0823-CR | June 2021 | Region: Global | 90 Pages         

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 14

1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL VITAMINS MARKET, BY TYPE 16

1.1.2 GLOBAL VITAMINS MARKET, SOURCE 17

1.1.3 GLOBAL VITAMINS MARKET, APPLICATION 18

1.1.4 GLOBAL VITAMINS MARKET, BY REGION 19

2 MARKET INTRODUCTION 20

2.1 DEFINITION 20

2.2 SCOPE OF THE STUDY 20

2.3 RESEARCH OBJECTIVE 20

2.4 MARKET STRUCTURE 21

2.5 KEY BUYING CRITERIA 21

3 RESEARCH METHODOLOGY 22

3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 25

3.5 FORECAST MODEL 26

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 27

4 MARKET DYNAMICS 28

4.1 INTRODUCTION 28

4.2 DRIVERS 29

4.2.1 WIDE RANGE OF END-USE APPLICATION 29

4.2.2 INCREASING HEALTH CONSCIOUSNESS AMONG THE POPULATION 29

4.2.3 CONSUMER INCLINATION TOWARDS FITNESS ACTIVITIES 30

4.2.4 DRIVERS IMPACT ANALYSIS 30

4.3 RESTRAINTS 31

4.3.1 SIDE EFFECTS ASSOCIATED WITH OVERCONSUMPTION OF VITAMINS 31

4.3.2 RESTRAINT IMPACT ANALYSIS 31

4.4 OPPORTUNITIES 31

4.4.1 RISING DEMAND FOR NATURALLY SOURCED VITAMINS IN END-USE INDUSTRIES 31

 

5 MARKET FACTOR ANALYSIS 32

5.1 VALUE CHAIN ANALYSIS 32

5.1.1 RAW MATERIAL PROCUREMENT 33

5.1.2 PROCESSING 34

5.1.3 PACKAGING 34

5.2 SUPPLY CHAIN ANALYSIS 35

5.3 PORTER'S FIVE FORCES MODEL 36

5.3.1 THREAT OF NEW ENTRANTS 36

5.3.2 BARGAINING POWER OF SUPPLIERS 37

5.3.3 BARGAINING POWER OF BUYERS 37

5.3.4 THREAT OF SUBSTITUTES 37

5.3.5 RIVALRY 37

5.4 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL VITAMINS MARKET 38

6 GLOBAL VITAMINS MARKET, BY TYPE 39

6.1 OVERVIEW 39

6.1.1 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 40

6.2 VITAMIN B 40

6.2.1 VITAMIN B: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 40

6.3 VITAMIN C 41

6.3.1 VITAMIN C: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 41

6.4 VITAMIN E 42

6.4.1 VITAMIN E: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 42

6.5 OTHERS 43

6.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 43

7 GLOBAL VITAMINS MARKET, BY SOURCE 44

7.1 OVERVIEW 44

7.1.1 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY SOURCE, 2019–2028 45

7.2 SYNTHETIC 45

7.2.1 SYNTHETIC: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 45

7.3 NATURAL 46

7.3.1 NATURAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 46

8 GLOBAL VITAMINS MARKET, BY APPLICATION 47

8.1 OVERVIEW 47

8.1.1 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 48

8.2 FOOD & BEVERAGES 49

8.2.1 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 49

 

8.3 PHARMACEUTICAL & NUTRACEUTICAL 50

8.3.1 PHARMACEUTICAL & NUTRACEUTICAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50

8.4 ANIMAL FEED 51

8.4.1 ANIMAL FEED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51

8.5 PERSONAL CARE 52

8.5.1 PERSONAL CARE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52

9 GLOBAL VITAMINS MARKET, BY REGION 53

9.1 OVERVIEW 53

9.2 NORTH AMERICA 54

9.2.1 US 57

9.2.2 CANADA 59

9.2.3 MEXICO 60

9.3 EUROPE 62

9.3.1 GERMANY 65

9.3.2 UK 66

9.3.3 FRANCE 68

9.3.4 ITALY 69

9.3.5 SPAIN 71

9.3.6 REST OF EUROPE 72

9.4 ASIA-PACIFIC 74

9.4.1 CHINA 77

9.4.2 JAPAN 78

9.4.3 INDIA 80

9.4.4 AUSTRALIA & NEW ZEALAND 81

9.4.5 REST OF ASIA-PACIFIC 83

9.5 REST OF THE WORLD 85

9.5.1 SOUTH AMERICA 87

9.5.2 MIDDLE EAST 89

9.5.3 AFRICA 90

10 COMPETITIVE LANDSCAPE 92

10.1 INTRODUCTION 92

10.1.1 MARKET STRATEGY ANALYSIS 92

10.2 COMPETITIVE BENCHMARKING 93

10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 94

10.3.1 PRODUCT LAUNCH 94

10.3.2 EXPANSION 94

10.3.3 INVESTMENT 95

11 COMPANY PROFILES 96

11.1 DSM 96

11.1.1 COMPANY OVERVIEW 96

11.1.2 FINANCIAL OVERVIEW 97

11.1.3 PRODUCTS OFFERED 98

11.1.4 KEY DEVELOPMENTS 101

11.1.5 SWOT ANALYSIS 102

11.1.6 KEY STRATEGIES 102

11.2 GLANBIA PLC 103

11.2.1 COMPANY OVERVIEW 103

11.2.2 FINANCIAL OVERVIEW 104

11.2.3 PRODUCTS OFFERED 104

11.2.4 KEY DEVELOPMENTS 106

11.2.5 SWOT ANALYSIS 106

11.2.6 KEY STRATEGIES 106

11.3 ADM 107

11.3.1 COMPANY OVERVIEW 107

11.3.2 FINANCIAL OVERVIEW 108

11.3.3 PRODUCTS OFFERED 108

11.3.4 KEY DEVELOPMENTS 109

11.3.5 SWOT ANALYSIS 110

11.3.6 KEY STRATEGIES 110

11.4 BASF SE 111

11.4.1 COMPANY OVERVIEW 111

11.4.2 FINANCIAL OVERVIEW 112

11.4.3 PRODUCTS OFFERED 113

11.4.4 KEY DEVELOPMENTS 113

11.4.5 SWOT ANALYSIS 114

11.4.6 KEY STRATEGIES 114

11.5 LONZA GROUP 115

11.5.1 COMPANY OVERVIEW 115

11.5.2 FINANCIAL OVERVIEW 116

11.5.3 PRODUCTS OFFERED 116

11.5.4 KEY DEVELOPMENTS 117

11.5.5 SWOT ANALYSIS 117

11.5.6 KEY STRATEGIES 117

 

11.6 STERNVITAMIN GMBH & CO. KG 118

11.6.1 COMPANY OVERVIEW 118

11.6.2 FINANCIAL OVERVIEW 118

11.6.3 PRODUCTS OFFERED 118

11.6.4 KEY DEVELOPMENTS 118

11.6.5 KEY STRATEGIES 118

11.7 FARBEST BRANDS 119

11.7.1 COMPANY OVERVIEW 119

11.7.2 FINANCIAL OVERVIEW 119

11.7.3 PRODUCTS OFFERED 119

11.7.4 KEY DEVELOPMENTS 120

11.7.5 KEY STRATEGIES 120

11.8 ADISSEO 121

11.8.1 COMPANY OVERVIEW 121

11.8.2 FINANCIAL OVERVIEW 121

11.8.3 PRODUCTS OFFERED 122

11.8.4 KEY DEVELOPMENTS 122

11.8.5 KEY STRATEGIES 122

11.9 BTSA BIOTECNOLOGÍAS APLICADAS S.L. 123

11.9.1 COMPANY OVERVIEW 123

11.9.2 FINANCIAL OVERVIEW 123

11.9.3 PRODUCTS OFFERED 123

11.9.4 KEY DEVELOPMENTS 123

11.9.5 KEY STRATEGIES 123

11.10 RABAR PTY LTD 124

11.10.1 COMPANY OVERVIEW 124

11.10.2 FINANCIAL OVERVIEW 124

11.10.3 PRODUCTS OFFERED 124

11.10.4 KEY DEVELOPMENTS 125

11.10.5 KEY STRATEGIES 125

12 REFERENCES 126

 

LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 23

TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 27

TABLE 3 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 (USD MILLION) 40

TABLE 4 VITAMIN B: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 40

TABLE 5 VITAMIN C: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 41

TABLE 6 VITAMIN E: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 42

TABLE 7 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 43

TABLE 8 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY SOURCE, 2019–2028 (USD MILLION) 45

TABLE 9 SYNTHETIC: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 45

TABLE 10 NATURAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 46

TABLE 11 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 (USD MILLION) 48

TABLE 12 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 49

TABLE 13 PHARMACEUTICAL & NUTRACEUTICAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 50

TABLE 14 ANIMAL FEED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 51

TABLE 15 PERSONAL CARE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 52

TABLE 16 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 54

TABLE 17 NORTH AMERICA: VITAMINS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 55

TABLE 18 NORTH AMERICA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 56

TABLE 19 NORTH AMERICA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 56

TABLE 20 NORTH AMERICA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 57

TABLE 21 US: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 57

TABLE 22 US: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 58

TABLE 23 US: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 58

TABLE 24 CANADA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 59

TABLE 25 CANADA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 59

TABLE 26 CANADA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 60

TABLE 27 MEXICO: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 60

TABLE 28 MEXICO: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 61

TABLE 29 MEXICO: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 61

TABLE 30 EUROPE: VITAMINS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 63

TABLE 31 EUROPE: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 63

TABLE 32 EUROPE: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 64

TABLE 33 EUROPE: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 64

TABLE 34 GERMANY: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 65

TABLE 35 GERMANY: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 65

TABLE 36 GERMANY: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 66

TABLE 37 UK: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 66

TABLE 38 UK: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 67

TABLE 39 UK: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 67

TABLE 40 FRANCE: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 68

TABLE 41 FRANCE: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 68

TABLE 42 FRANCE: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 69

TABLE 43 ITALY: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 69

TABLE 44 ITLAY: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 70

TABLE 45 ITALY: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 70

TABLE 46 SPAIN: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 71

TABLE 47 SPAIN: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 71

TABLE 48 SPAIN: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 72

TABLE 49 REST OF EUROPE: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 72

TABLE 50 REST OF EUROPE: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 73

TABLE 51 REST OF EUROPE: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 73

TABLE 52 ASIA-PACIFIC: VITAMINS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 75

TABLE 53 ASIA-PACIFIC: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 75

TABLE 54 ASIA-PACIFIC: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 76

TABLE 55 ASIA-PACIFIC: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 76

TABLE 56 CHINA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 77

TABLE 57 CHINA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 77

TABLE 58 CHINA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 78

TABLE 59 JAPAN: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 78

TABLE 60 JAPAN: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 79

TABLE 61 JAPAN: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 79

TABLE 62 INDIA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 80

TABLE 63 INDIA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 80

TABLE 64 INDIA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 81

TABLE 65 AUSTRALIA & NEW ZEALAND: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 81

TABLE 66 AUSTRALIA & NEW ZEALAND: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 82

TABLE 67 AUSTRALIA & NEW ZEALAND: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 82

TABLE 68 REST OF ASIA-PACIFIC: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 83

TABLE 69 REST OF ASIA-PACIFIC: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 83

TABLE 70 REST OF ASIA-PACIFIC: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 84

TABLE 71 REST OF THE WORLD: VITAMINS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 85

TABLE 72 REST OF THE WORLD: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 86

TABLE 73 REST OF THE WORLD: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 86

TABLE 74 REST OF THE WORLD: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 87

TABLE 75 SOUTH AMERICA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 87

TABLE 76 SOUTH AMERICA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 88

TABLE 77 SOUTH AMERICA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 88

TABLE 78 MIDDLE EAST: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 89

TABLE 79 MIDDLE EAST: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 89

TABLE 80 MIDDLE EAST: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 90

TABLE 81 AFRICA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 90

TABLE 82 AFRICA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 91

TABLE 83 AFRICA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 91

TABLE 84 PRODUCT LAUNCH 94

TABLE 85 EXPANSION 94

TABLE 86 INVESTMENT 95

TABLE 87 DSM: PRODUCTS OFFERED 98

TABLE 88 DSM: KEY DEVELOPMENTS 101

TABLE 89 GLANBIA PLC: PRODUCTS OFFERED 104

TABLE 90 GLANBIA PLC: KEY DEVELOPMENTS 106

TABLE 91 ADM: PRODUCTS OFFERED 108

TABLE 92 ADM: KEY DEVELOPMENTS 109

TABLE 93 BASF SE: PRODUCTS OFFERED 113

TABLE 94 BASF SE: KEY DEVELOPMENTS 113

TABLE 95 LONZA GROUP: PRODUCTS OFFERED 116

TABLE 96 STERNVITAMIN GMBH & CO. KG: PRODUCTS OFFERED 118

TABLE 97 FARBEST BRANDS: PRODUCTS OFFERED 119

TABLE 98 ADISSEO: PRODUCTS OFFERED 122

TABLE 99 BTSA BIOTECNOLOGÍAS APLICADAS S.L.: PRODUCTS OFFERED 123

TABLE 100 BTSA BIOTECNOLOGÍAS APLICADAS S.L.: KEY DEVELOPMENTS 123

TABLE 101 RABAR PTY LTD: PRODUCTS OFFERED 124

 

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 14

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL VITAMINS MARKET, 2020 15

FIGURE 3 GLOBAL VITAMINS MARKET ANALYSIS, BY TYPE, 2020 16

FIGURE 4 GLOBAL VITAMINS MARKET ANALYSIS, BY SOURCE, 2020 17

FIGURE 5 GLOBAL VITAMINS MARKET ANALYSIS, BY APPLICATION, 2020 18

FIGURE 6 GLOBAL VITAMINS MARKET ANALYSIS, BY REGION, 2020 19

FIGURE 7 GLOBAL VITAMINS MARKET: STRUCTURE 21

FIGURE 8 KEY BUYING CRITERIA FOR VITAMINS 21

FIGURE 9 RESEARCH PROCESS 22

FIGURE 10 TOP-DOWN & BOTTOM-UP APPROACHES 25

FIGURE 11 MARKET DYNAMICS OVERVIEW 28

FIGURE 12 DRIVERS IMPACT ANALYSIS: GLOBAL VITAMINS MARKET 30

FIGURE 13 RESTRAINT IMPACT ANALYSIS: GLOBAL VITAMINS MARKET 31

FIGURE 14 GLOBAL VITAMINS MARKET: VALUE CHAIN 33

FIGURE 15 GLOBAL VITAMINS MARKET: SUPPLY CHAIN 35

FIGURE 17 GLOBAL VITAMINS MARKET, BY TYPE, 2020 (% SHARE) 39

FIGURE 18 GLOBAL VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 39

FIGURE 19 GLOBAL VITAMINS MARKET, BY SOURCE, 2020 (% SHARE) 44

FIGURE 20 GLOBAL VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 44

FIGURE 21 GLOBAL VITAMINS MARKET, BY APPLICATION, 2020 (% SHARE) 47

FIGURE 22 GLOBAL VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 47

FIGURE 23 GLOBAL VITAMINS MARKET, BY REGION, 2019–2028 (USD MILLION) 53

FIGURE 24 GLOBAL VITAMINS MARKET, BY REGION, 2020 (% SHARE) 53

FIGURE 25 NORTH AMERICA: VITAMINS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 55

FIGURE 26 EUROPE: VITAMINS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 62

FIGURE 27 ASIA-PACIFIC: VITAMINS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 74

FIGURE 28 REST OF THE WORLD: VITAMINS MARKET SHARE, BY REGION, 2020 (% SHARE) 85

FIGURE 29 DSM: FINANCIAL OVERVIEW SNAPSHOT 97

FIGURE 30 DSM: SWOT ANALYSIS 102

FIGURE 31 GLANBIA PLC: FINANCIAL OVERVIEW SNAPSHOT 104

FIGURE 32 GLANBIA PLC: SWOT ANALYSIS 106

FIGURE 33 ADM: FINANCIAL OVERVIEW SNAPSHOT 108

FIGURE 34 ADM: SWOT ANALYSIS 110

FIGURE 35 BASF SE: FINANCIAL OVERVIEW SNAPSHOT 112

FIGURE 36 BASF SE: SWOT ANALYSIS 114

FIGURE 37 LONZA GROUP: FINANCIAL OVERVIEW SNAPSHOT 116

FIGURE 38 LONZA GROUP: SWOT ANALYSIS 117

FIGURE 39 ADISSEO: FINANCIAL OVERVIEW 121

TABLE OF CONTENTS

1 EXECUTIVE SUMMARY 14

1.1 MARKET ATTRACTIVENESS ANALYSIS 15

1.1.1 GLOBAL VITAMINS MARKET, BY TYPE 16

1.1.2 GLOBAL VITAMINS MARKET, SOURCE 17

1.1.3 GLOBAL VITAMINS MARKET, APPLICATION 18

1.1.4 GLOBAL VITAMINS MARKET, BY REGION 19

2 MARKET INTRODUCTION 20

2.1 DEFINITION 20

2.2 SCOPE OF THE STUDY 20

2.3 RESEARCH OBJECTIVE 20

2.4 MARKET STRUCTURE 21

2.5 KEY BUYING CRITERIA 21

3 RESEARCH METHODOLOGY 22

3.1 RESEARCH PROCESS 22

3.2 PRIMARY RESEARCH 23

3.3 SECONDARY RESEARCH 24

3.4 MARKET SIZE ESTIMATION 25

3.5 FORECAST MODEL 26

3.6 LIST OF ASSUMPTIONS & LIMITATIONS 27

4 MARKET DYNAMICS 28

4.1 INTRODUCTION 28

4.2 DRIVERS 29

4.2.1 WIDE RANGE OF END-USE APPLICATION 29

4.2.2 INCREASING HEALTH CONSCIOUSNESS AMONG THE POPULATION 29

4.2.3 CONSUMER INCLINATION TOWARDS FITNESS ACTIVITIES 30

4.2.4 DRIVERS IMPACT ANALYSIS 30

4.3 RESTRAINTS 31

4.3.1 SIDE EFFECTS ASSOCIATED WITH OVERCONSUMPTION OF VITAMINS 31

4.3.2 RESTRAINT IMPACT ANALYSIS 31

4.4 OPPORTUNITIES 31

4.4.1 RISING DEMAND FOR NATURALLY SOURCED VITAMINS IN END-USE INDUSTRIES 31

 

5 MARKET FACTOR ANALYSIS 32

5.1 VALUE CHAIN ANALYSIS 32

5.1.1 RAW MATERIAL PROCUREMENT 33

5.1.2 PROCESSING 34

5.1.3 PACKAGING 34

5.2 SUPPLY CHAIN ANALYSIS 35

5.3 PORTER'S FIVE FORCES MODEL 36

5.3.1 THREAT OF NEW ENTRANTS 36

5.3.2 BARGAINING POWER OF SUPPLIERS 37

5.3.3 BARGAINING POWER OF BUYERS 37

5.3.4 THREAT OF SUBSTITUTES 37

5.3.5 RIVALRY 37

5.4 IMPACT OF THE COVID-19 OUTBREAK ON THE GLOBAL VITAMINS MARKET 38

6 GLOBAL VITAMINS MARKET, BY TYPE 39

6.1 OVERVIEW 39

6.1.1 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 40

6.2 VITAMIN B 40

6.2.1 VITAMIN B: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 40

6.3 VITAMIN C 41

6.3.1 VITAMIN C: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 41

6.4 VITAMIN E 42

6.4.1 VITAMIN E: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 42

6.5 OTHERS 43

6.5.1 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 43

7 GLOBAL VITAMINS MARKET, BY SOURCE 44

7.1 OVERVIEW 44

7.1.1 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY SOURCE, 2019–2028 45

7.2 SYNTHETIC 45

7.2.1 SYNTHETIC: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 45

7.3 NATURAL 46

7.3.1 NATURAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 46

8 GLOBAL VITAMINS MARKET, BY APPLICATION 47

8.1 OVERVIEW 47

8.1.1 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 48

8.2 FOOD & BEVERAGES 49

8.2.1 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 49

 

8.3 PHARMACEUTICAL & NUTRACEUTICAL 50

8.3.1 PHARMACEUTICAL & NUTRACEUTICAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 50

8.4 ANIMAL FEED 51

8.4.1 ANIMAL FEED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 51

8.5 PERSONAL CARE 52

8.5.1 PERSONAL CARE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 52

9 GLOBAL VITAMINS MARKET, BY REGION 53

9.1 OVERVIEW 53

9.2 NORTH AMERICA 54

9.2.1 US 57

9.2.2 CANADA 59

9.2.3 MEXICO 60

9.3 EUROPE 62

9.3.1 GERMANY 65

9.3.2 UK 66

9.3.3 FRANCE 68

9.3.4 ITALY 69

9.3.5 SPAIN 71

9.3.6 REST OF EUROPE 72

9.4 ASIA-PACIFIC 74

9.4.1 CHINA 77

9.4.2 JAPAN 78

9.4.3 INDIA 80

9.4.4 AUSTRALIA & NEW ZEALAND 81

9.4.5 REST OF ASIA-PACIFIC 83

9.5 REST OF THE WORLD 85

9.5.1 SOUTH AMERICA 87

9.5.2 MIDDLE EAST 89

9.5.3 AFRICA 90

10 COMPETITIVE LANDSCAPE 92

10.1 INTRODUCTION 92

10.1.1 MARKET STRATEGY ANALYSIS 92

10.2 COMPETITIVE BENCHMARKING 93

10.3 KEY DEVELOPMENTS & GROWTH STRATEGIES 94

10.3.1 PRODUCT LAUNCH 94

10.3.2 EXPANSION 94

10.3.3 INVESTMENT 95

11 COMPANY PROFILES 96

11.1 DSM 96

11.1.1 COMPANY OVERVIEW 96

11.1.2 FINANCIAL OVERVIEW 97

11.1.3 PRODUCTS OFFERED 98

11.1.4 KEY DEVELOPMENTS 101

11.1.5 SWOT ANALYSIS 102

11.1.6 KEY STRATEGIES 102

11.2 GLANBIA PLC 103

11.2.1 COMPANY OVERVIEW 103

11.2.2 FINANCIAL OVERVIEW 104

11.2.3 PRODUCTS OFFERED 104

11.2.4 KEY DEVELOPMENTS 106

11.2.5 SWOT ANALYSIS 106

11.2.6 KEY STRATEGIES 106

11.3 ADM 107

11.3.1 COMPANY OVERVIEW 107

11.3.2 FINANCIAL OVERVIEW 108

11.3.3 PRODUCTS OFFERED 108

11.3.4 KEY DEVELOPMENTS 109

11.3.5 SWOT ANALYSIS 110

11.3.6 KEY STRATEGIES 110

11.4 BASF SE 111

11.4.1 COMPANY OVERVIEW 111

11.4.2 FINANCIAL OVERVIEW 112

11.4.3 PRODUCTS OFFERED 113

11.4.4 KEY DEVELOPMENTS 113

11.4.5 SWOT ANALYSIS 114

11.4.6 KEY STRATEGIES 114

11.5 LONZA GROUP 115

11.5.1 COMPANY OVERVIEW 115

11.5.2 FINANCIAL OVERVIEW 116

11.5.3 PRODUCTS OFFERED 116

11.5.4 KEY DEVELOPMENTS 117

11.5.5 SWOT ANALYSIS 117

11.5.6 KEY STRATEGIES 117

 

11.6 STERNVITAMIN GMBH & CO. KG 118

11.6.1 COMPANY OVERVIEW 118

11.6.2 FINANCIAL OVERVIEW 118

11.6.3 PRODUCTS OFFERED 118

11.6.4 KEY DEVELOPMENTS 118

11.6.5 KEY STRATEGIES 118

11.7 FARBEST BRANDS 119

11.7.1 COMPANY OVERVIEW 119

11.7.2 FINANCIAL OVERVIEW 119

11.7.3 PRODUCTS OFFERED 119

11.7.4 KEY DEVELOPMENTS 120

11.7.5 KEY STRATEGIES 120

11.8 ADISSEO 121

11.8.1 COMPANY OVERVIEW 121

11.8.2 FINANCIAL OVERVIEW 121

11.8.3 PRODUCTS OFFERED 122

11.8.4 KEY DEVELOPMENTS 122

11.8.5 KEY STRATEGIES 122

11.9 BTSA BIOTECNOLOGÍAS APLICADAS S.L. 123

11.9.1 COMPANY OVERVIEW 123

11.9.2 FINANCIAL OVERVIEW 123

11.9.3 PRODUCTS OFFERED 123

11.9.4 KEY DEVELOPMENTS 123

11.9.5 KEY STRATEGIES 123

11.10 RABAR PTY LTD 124

11.10.1 COMPANY OVERVIEW 124

11.10.2 FINANCIAL OVERVIEW 124

11.10.3 PRODUCTS OFFERED 124

11.10.4 KEY DEVELOPMENTS 125

11.10.5 KEY STRATEGIES 125

12 REFERENCES 126

 

LIST OF TABLES

TABLE 1 PRIMARY INTERVIEWS 23

TABLE 2 LIST OF ASSUMPTIONS & LIMITATIONS 27

TABLE 3 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY TYPE, 2019–2028 (USD MILLION) 40

TABLE 4 VITAMIN B: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 40

TABLE 5 VITAMIN C: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 41

TABLE 6 VITAMIN E: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 42

TABLE 7 OTHERS: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 43

TABLE 8 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY SOURCE, 2019–2028 (USD MILLION) 45

TABLE 9 SYNTHETIC: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 45

TABLE 10 NATURAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 46

TABLE 11 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY APPLICATION, 2019–2028 (USD MILLION) 48

TABLE 12 FOOD & BEVERAGES: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 49

TABLE 13 PHARMACEUTICAL & NUTRACEUTICAL: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 50

TABLE 14 ANIMAL FEED: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 51

TABLE 15 PERSONAL CARE: MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 52

TABLE 16 GLOBAL VITAMINS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 54

TABLE 17 NORTH AMERICA: VITAMINS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 55

TABLE 18 NORTH AMERICA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 56

TABLE 19 NORTH AMERICA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 56

TABLE 20 NORTH AMERICA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 57

TABLE 21 US: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 57

TABLE 22 US: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 58

TABLE 23 US: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 58

TABLE 24 CANADA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 59

TABLE 25 CANADA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 59

TABLE 26 CANADA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 60

TABLE 27 MEXICO: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 60

TABLE 28 MEXICO: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 61

TABLE 29 MEXICO: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 61

TABLE 30 EUROPE: VITAMINS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 63

TABLE 31 EUROPE: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 63

TABLE 32 EUROPE: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 64

TABLE 33 EUROPE: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 64

TABLE 34 GERMANY: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 65

TABLE 35 GERMANY: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 65

TABLE 36 GERMANY: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 66

TABLE 37 UK: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 66

TABLE 38 UK: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 67

TABLE 39 UK: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 67

TABLE 40 FRANCE: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 68

TABLE 41 FRANCE: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 68

TABLE 42 FRANCE: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 69

TABLE 43 ITALY: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 69

TABLE 44 ITLAY: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 70

TABLE 45 ITALY: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 70

TABLE 46 SPAIN: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 71

TABLE 47 SPAIN: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 71

TABLE 48 SPAIN: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 72

TABLE 49 REST OF EUROPE: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 72

TABLE 50 REST OF EUROPE: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 73

TABLE 51 REST OF EUROPE: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 73

TABLE 52 ASIA-PACIFIC: VITAMINS MARKET ESTIMATES & FORECAST, BY COUNTRY, 2019–2028 (USD MILLION) 75

TABLE 53 ASIA-PACIFIC: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 75

TABLE 54 ASIA-PACIFIC: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 76

TABLE 55 ASIA-PACIFIC: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 76

TABLE 56 CHINA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 77

TABLE 57 CHINA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 77

TABLE 58 CHINA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 78

TABLE 59 JAPAN: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 78

TABLE 60 JAPAN: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 79

TABLE 61 JAPAN: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 79

TABLE 62 INDIA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 80

TABLE 63 INDIA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 80

TABLE 64 INDIA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 81

TABLE 65 AUSTRALIA & NEW ZEALAND: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 81

TABLE 66 AUSTRALIA & NEW ZEALAND: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 82

TABLE 67 AUSTRALIA & NEW ZEALAND: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 82

TABLE 68 REST OF ASIA-PACIFIC: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 83

TABLE 69 REST OF ASIA-PACIFIC: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 83

TABLE 70 REST OF ASIA-PACIFIC: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 84

TABLE 71 REST OF THE WORLD: VITAMINS MARKET ESTIMATES & FORECAST, BY REGION, 2019–2028 (USD MILLION) 85

TABLE 72 REST OF THE WORLD: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 86

TABLE 73 REST OF THE WORLD: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 86

TABLE 74 REST OF THE WORLD: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 87

TABLE 75 SOUTH AMERICA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 87

TABLE 76 SOUTH AMERICA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 88

TABLE 77 SOUTH AMERICA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 88

TABLE 78 MIDDLE EAST: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 89

TABLE 79 MIDDLE EAST: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 89

TABLE 80 MIDDLE EAST: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 90

TABLE 81 AFRICA: VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 90

TABLE 82 AFRICA: VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 91

TABLE 83 AFRICA: VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 91

TABLE 84 PRODUCT LAUNCH 94

TABLE 85 EXPANSION 94

TABLE 86 INVESTMENT 95

TABLE 87 DSM: PRODUCTS OFFERED 98

TABLE 88 DSM: KEY DEVELOPMENTS 101

TABLE 89 GLANBIA PLC: PRODUCTS OFFERED 104

TABLE 90 GLANBIA PLC: KEY DEVELOPMENTS 106

TABLE 91 ADM: PRODUCTS OFFERED 108

TABLE 92 ADM: KEY DEVELOPMENTS 109

TABLE 93 BASF SE: PRODUCTS OFFERED 113

TABLE 94 BASF SE: KEY DEVELOPMENTS 113

TABLE 95 LONZA GROUP: PRODUCTS OFFERED 116

TABLE 96 STERNVITAMIN GMBH & CO. KG: PRODUCTS OFFERED 118

TABLE 97 FARBEST BRANDS: PRODUCTS OFFERED 119

TABLE 98 ADISSEO: PRODUCTS OFFERED 122

TABLE 99 BTSA BIOTECNOLOGÍAS APLICADAS S.L.: PRODUCTS OFFERED 123

TABLE 100 BTSA BIOTECNOLOGÍAS APLICADAS S.L.: KEY DEVELOPMENTS 123

TABLE 101 RABAR PTY LTD: PRODUCTS OFFERED 124

 

LIST OF FIGURES

FIGURE 1 MARKET SYNOPSIS 14

FIGURE 2 MARKET ATTRACTIVENESS ANALYSIS: GLOBAL VITAMINS MARKET, 2020 15

FIGURE 3 GLOBAL VITAMINS MARKET ANALYSIS, BY TYPE, 2020 16

FIGURE 4 GLOBAL VITAMINS MARKET ANALYSIS, BY SOURCE, 2020 17

FIGURE 5 GLOBAL VITAMINS MARKET ANALYSIS, BY APPLICATION, 2020 18

FIGURE 6 GLOBAL VITAMINS MARKET ANALYSIS, BY REGION, 2020 19

FIGURE 7 GLOBAL VITAMINS MARKET: STRUCTURE 21

FIGURE 8 KEY BUYING CRITERIA FOR VITAMINS 21

FIGURE 9 RESEARCH PROCESS 22

FIGURE 10 TOP-DOWN & BOTTOM-UP APPROACHES 25

FIGURE 11 MARKET DYNAMICS OVERVIEW 28

FIGURE 12 DRIVERS IMPACT ANALYSIS: GLOBAL VITAMINS MARKET 30

FIGURE 13 RESTRAINT IMPACT ANALYSIS: GLOBAL VITAMINS MARKET 31

FIGURE 14 GLOBAL VITAMINS MARKET: VALUE CHAIN 33

FIGURE 15 GLOBAL VITAMINS MARKET: SUPPLY CHAIN 35

FIGURE 17 GLOBAL VITAMINS MARKET, BY TYPE, 2020 (% SHARE) 39

FIGURE 18 GLOBAL VITAMINS MARKET, BY TYPE, 2019–2028 (USD MILLION) 39

FIGURE 19 GLOBAL VITAMINS MARKET, BY SOURCE, 2020 (% SHARE) 44

FIGURE 20 GLOBAL VITAMINS MARKET, BY SOURCE, 2019–2028 (USD MILLION) 44

FIGURE 21 GLOBAL VITAMINS MARKET, BY APPLICATION, 2020 (% SHARE) 47

FIGURE 22 GLOBAL VITAMINS MARKET, BY APPLICATION, 2019–2028 (USD MILLION) 47

FIGURE 23 GLOBAL VITAMINS MARKET, BY REGION, 2019–2028 (USD MILLION) 53

FIGURE 24 GLOBAL VITAMINS MARKET, BY REGION, 2020 (% SHARE) 53

FIGURE 25 NORTH AMERICA: VITAMINS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 55

FIGURE 26 EUROPE: VITAMINS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 62

FIGURE 27 ASIA-PACIFIC: VITAMINS MARKET SHARE, BY COUNTRY, 2020 (% SHARE) 74

FIGURE 28 REST OF THE WORLD: VITAMINS MARKET SHARE, BY REGION, 2020 (% SHARE) 85

FIGURE 29 DSM: FINANCIAL OVERVIEW SNAPSHOT 97

FIGURE 30 DSM: SWOT ANALYSIS 102

FIGURE 31 GLANBIA PLC: FINANCIAL OVERVIEW SNAPSHOT 104

FIGURE 32 GLANBIA PLC: SWOT ANALYSIS 106

FIGURE 33 ADM: FINANCIAL OVERVIEW SNAPSHOT 108

FIGURE 34 ADM: SWOT ANALYSIS 110

FIGURE 35 BASF SE: FINANCIAL OVERVIEW SNAPSHOT 112

FIGURE 36 BASF SE: SWOT ANALYSIS 114

FIGURE 37 LONZA GROUP: FINANCIAL OVERVIEW SNAPSHOT 116

FIGURE 38 LONZA GROUP: SWOT ANALYSIS 117

FIGURE 39 ADISSEO: FINANCIAL OVERVIEW 121

Vitamins Market

Size is anticipated to reach USD 7.89 Billion by 2028, registering a CAGR of 7.30% during 2021-2028.

Segmentation

Based on Type Vitamin B Vitamin C Vitamin E Others
Based on Source Synthetic Natural
Based on Application Food & Beverages Pharmaceutical & Nutraceutical Animal Feed Personal Care
Based on Region North America Europe Asia Pacific Rest Of The World

Key Players

  • DSM (Netherlands)
  • BASF SE (Germany)
  • Lonza Group (Switzerland)
  • Glanbia Plc (Ireland)
  • ADM (US)
  • Farbest Brands (NJ)
  • SternVitamin GmbH & Co. KG (Schleswig-Holstein)
  • Adisseo (France)
  • BTSA Biotechnologias Aplicadas S.L. (Spain)
  • Rabar Pty Ltd (Australia)

Drivers

  • Wide range of end-use applications
  • Growing Health consciousness among the people
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Vitamins Market Overview


Vitamins Market is projected to register a CAGR of 7.30% and is expected to reach a value of USD 7.89 billion during the forecast period 2021-2028


Vitamins are the major nutrients required for the human body to develop and function normally and also essential for a healthy metabolism. The deficiency of vitamins in the human body may cause disorders. However, the resupply of these nutrients can alleviate deficiency symptoms. The vitamins known are vitamin A, B, C, D, E, and K. The other well-known types of vitamin B are Thiamin (B1), riboflavin (B2), niacin (B3), pantothenic acid (B5), pyridoxal(B6), cobalamin (B12), biotin, and folate/folic acid.


COVID-19 Analysis


The World Health Organization (WHO) suggests the world population consumes immunity-boosting foods and intake vitamins, minerals, proteins, dietary fiber, and antioxidants which are essential for the human body to fight the outbreak. Hence the intake of vitamin supplements increases among the population that increases the demand for the vitamins market. Vitamins are of two types as natural and synthetic which are used to function the metabolism properly. In this COVID situation, natural vitamins have high demand and are expected to grow in the future years too. 


The COVID-19 outbreak has drastically impacted people’s lives all over the world. With the rising cases, stringent government regulations like lockdowns, industries & business sectors off, etc are applied in almost every country. It is very important to boost immunity to fight viruses and maintain hygiene and following all medical advisories in the current situation.


Market Dynamics


Drivers:


Wide range of end-use applications:


Food & beverages, animal feed, personal care, and pharmaceuticals & nutraceuticals are the various industries that found the application of vitamins. Vitamin contains carbon and is an essential nutrient for human as well as animals’ bodies. The 13 types of vitamins are used in end-use industries such as vitamin A, vitamin B1, vitamin B2, vitamin B3, vitamin B5, vitamin B6, vitamin B7, vitamin B9, vitamin B12, vitamin C, vitamin D, vitamin E, and vitamin K which are having different functions. Among them, B vitamins are used in wider applications of food & beverages, works strongly towards disease prevention, and general health that is the major driver for the growth of the vitamins market.


Growing Health consciousness among the people:


The number of health-conscious people all over the world is increasing. Different types of health concerns include obesity, malnutrition, weak immune system, etc are also increased. Moreover, the rise in the prevalence of vitamin deficiency due to shortened mealtimes, hectic lifestyles, and loss of nutrition during the processing of food. Hence due to these factors, people are focussing on the intake of vitamins to their bodies to boost their immunity.


Restraint


Overconsumption of vitamins like A, D, E, and K build up to toxic levels and cause hypervitaminosis. Overconsumption of vitamin A causes dizziness, headaches, skin irritation, and joint pains, and overuse of vitamin D consumption which may cause calcium build-up leads to weakness and frequent urination.


Opportunities


Growing consumer preference for natural and clean-label products is the best opportunity to drive the demand for natural vitamins in the end-use industries.


Challenges


Health concerns due to the overconsumption of vitamins.


Study Objectives



  • To provide detailed information about the vitamins market structure along with various forecast segments and subsegments for the next 10 years.

  • To provide the factors that are affecting the growth of the vitamin’s market value.

  • To analyze the vitamins industry based on porter’s five force analysis, factors-price analysis, supply chain analysis, etc.

  • To provide history and forecast revenue segments and sub-segments of the vitamins industry revenue for the five main geographies.

  • To provide the country-level analysis of the current vitamins industry size and future prospective.

  • To provide country-level analysis of the vitamins market growth by region, form, and application.

  • To provide a strategic profile of the key players in the market, analyze their core competencies, and draw a global market growth landscape.

  • To track and analyze new product developments, strategic alliances, and global vitamins industry research.


Segment Overview


The vitamins market analysis has been segmented based on the type, source, application, and region.


Based on Type


The global vitamins market based on the type segment is divided into vitamin B, vitamin C, Vitamin E, and others. Among them, vitamin B holds the largest market share as it is a water-soluble vitamin that plays a major role in cell metabolism. Vitamin B is found in various sources like eggs, liver & flesh, yeast, and vegetables.   


Based on Source


Based on the source, the global vitamins market is segmented into synthetic and natural. Among these two, during the forecast period, the natural source segment is expected to exhibit a high CAGR of 11.46%. The substances obtained from plant or animal raw materials using physical, microbiological, or enzymatic process contains these natural vitamins. Due to the growing demand for clean-label products, the demand for natural vitamins increases.


Based on Application


The global vitamins market based on application is segmented into food&beverages, pharmaceutical & nutraceutical, animal feed, and personal care. Out of these applications, the pharmaceutical & nutraceutical segment holds the largest market share for the sharp increase in healthcare costs. The adoption of new technologies and treatments, excessive use of procedures and tests, quality of medical services, and lack of transparency and information on prices are the factors that increase the price for the healthcare sector.


Based on Region


Region-wise, the global vitamins market is divided into North America, Asia-pacific, Europe, and the rest of the world. Asia-Pacific accounts for the largest market share for the growing consumption of functional foods, increasing per capita disposable income, and urbanization.


Regional Analysis


Globally, the vitamins market based on region is segmented into North America, Asia-Pacific, Europe, and the Rest of the World. Out of these regions, Asia-Pacific accounts for the largest market share during the review period. In 2020, Asia-Pacific holds the largest vitamins market share of 32.46% and is projected to register the fastest growth rate in the review period 2021-2028. Moreover, Europe holds the second-largest market share in 2020 and is predicted to exhibit a CAGR of 5.08% during the forecast period.


The leading country-level in the Asia-Pacific region is China. Now-a -days, several functional foods use vitamins as an ingredient. In this region, the consumption of functional foods is increasing due to the increasing per capita disposable income, urbanization, and rising concerns for nutrition deficiency.


Europe is estimated as a lucrative region for vitamins manufacturers. During the forecast period, product development, growing prevalence of vitamin deficiency, and technological up-gradation are the factors expected to drive the growth of the functional beverages market in European countries. According to the World Health Organization (WHO) report, nearly 70% of European people suffer from vitamin D deficiency, increasing the demand for vitamins industry.    


Competitive Landscape


The prominent key players in the vitamins market trends are the following:



  • DSM (Netherlands)

  • BASF SE (Germany)

  • Lonza Group (Switzerland)

  • Glanbia Plc (Ireland)

  • ADM (US)

  • Farbest Brands (NJ)

  • SternVitamin GmbH & Co. KG (Schleswig-Holstein)

  • Adisseo (France)

  • BTSA Biotechnologias Aplicadas S.L. (Spain) and

  • Rabar Pty Ltd (Australia).


Recent Developments



  • In February 2020, one of the leading company DSM decided to invest in a high-tech, fully automated packing line for vitamin C production which is used to provide enhanced traceability, reliability, and quality to customers.

  • In October 2019, DSM announced its production of vitamin B6 in its facility in two places which are Xinghuo, China, and Grenzach, Germany.

  • In June 2018, one of the top key players ADM started a wide range of animal and human nutrition product lines into a single nutrition business unit that is used for the company’s health & wellness business that includes innovative products like Novatol Vitamin E 1490PH.


Report Overview


This global vitamins market research includes the Market Overview, COVID-19 analysis, Market Dynamics, Study Objectives, Segment Overview, Regional Analysis, Competitive Landscape, Recent developments, Segmentation Table, and FAQs. The market dynamics include the vitamins industry drivers, restraints, challenges, and opportunities. The vitamins industry forecast segments are type, source, application, and region.


Segmentation Table


The global vitamins market outlook has been segmented based on the type, source, application, and region.


By Application


Food & Beverages, pharmaceutical & nutraceutical, animal feed, and personal care are some of the applications.


By Source


Synthetic and natural.


By Type


Vitamin B, vitamin C, Vitamin E, and others.


By Region


Asia-Pacific, Europe, North America, and the Middle East & Africa are the main geographies included in this market.



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Frequently Asked Questions (FAQ) :

Economic growth and increasing health conscious population and consumer’s inclination towards food supplements are major tailwinds pushing the growth of the global vitamins market.

Stringent government regulations for application of vitamins across food products is a key growth impeder for the global vitamins market.

North America holds the largest share in the global vitamins market, followed by Europe and the Asia Pacific, respectively.

Koninklijke DSM N.V. (the Netherlands), BASF SE (Germany), Amway Corporation (U.S.), Pfizer Inc. (U.S.), Reckitt Benckiser Group plc (U.K), Vitamin Shoppe, Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), NBTY Global, Inc. (U.S.), Bayer AG (Germany), and Pharmavite LLC (U.S.), are some of the top players operating in the global vitamins market.

Strategic initiatives such as mergers & acquisitions, collaborations, expansion, and technology/ product launch are some of the growth strategies that players operating in the global vitamins market adopt to gain a larger competitive advantage.