Global Vitamin A Market Value to Increase Significantly Over 2021-2027

October 11, 2021


According to the recent research report titled ‘Vitamin A Market Size, By Product (Food-Grade, Feed-Grade, Pharmaceutical-Grade), By Type (Natural, Synthetic), By Application (Dietary, Supplements, Food & Beverages, Animal Feed {Poultry [Layers, Broilers, Turkey], Cattle [Dairy, Beef, Calf], Swine, Aquaculture}, Personal Care & Cosmetics) Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021 – 2027’, available with MarketStudyReport, global vitamin A market is expected to witness robust growth over 2021-2027.
 

Global vitamin A market growth is primarily driven by rising cognizance about health benefits of the product among customers.
 

Request sample copy of this Report: https://www.marketstudyreport.com/request-a-sample/4202295/
 

Notably, vitamin A is essential for maintaining eye health, which has fueled research efforts to learn more about its medicinal applications. For instance, in July 2021 for, the Food & Drug Administration (FDA) designated ALK-001 (C20-D3-vitamin A) as a Breakthrough Therapy the treatment of a rare retinal degenerative illness Stargardt.
 

Based on product landscape, food grade segment is projected to exhibit 5.6% CAGR over 2021-2027, amassing USD 166.12 million by the end of forecast period.
 

As per application spectrum, layers poultry animal feed segment is predicted to amass USD 70.56 million by 2027. Meanwhile, broilers segment is speculated to record a compound annual growth rate of 5.6% over the study period. The turkey segment is anticipated to register 4.7% CAGR over 2021-2027, surpassing a valuation of USD 9.21 million by the end of the analysis timeframe.
 

Cattle segment holds considerable revenue share of overall vitamin A industry and is expected to expand further over the next six years. This growth can be credited to escalating demand for vitamin A to support health and growth of calves and cattle herd.
 

Geographically, Latin America market is expected to witness an uptrend in the coming years, with a strong compound annual growth rate over the forecast period, attributable to widespread use of vitamin A in various industries across the region.
 

The vitamin A market in the Middle East & Africa is expected to develop at a rate of 5.2% CAGR between 2021-2027, reaching a value of USD 18.16 million by the end of estimated timeframe.
 

Prominent firms influencing global vitamin A market trends are Farbest Brands, Sigma-Aldrich (MilliporeSigma), Zhejiang Tianhecheng Bio-technology Shares Co. Ltd., Guangzhou ZIO Chemical Co. Ltd., Divi's Nutraceuticals, Biotics Research Corporation, Nutrilo GmbH, Zhejiang NHU Co. Ltd., and National Vitamin Company among others.

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