November 19, 2019
According to the research report titled ‘Global Vitamin Ingredients Market: Analysis By Fat Soluble Vitamin (A, D, E, K), Water Soluble Vitamin (B, C), By End Users (Human, Animals), By Region, By Country (2018 Edition): Forecast to 2023’ available with Market Study Report LLC, the global vitamin ingredients market is projected to grow substantially with a CAGR of 4.7% during the period of 2018-2023.
Growing occurrences of vitamin deficiency among livestock and humans, coupled with a developing retail sector is bolstering the growth vitamin ingredients market. Additionally, increasing use of these ingredients in various applications, rising disposable income, along with developing economies will augment the demand for vitamin ingredients in the upcoming years.
Notably, the research report discusses and examines the potential growth opportunities in vitamin ingredients market. It also provides crucial data on the market’s current size, prevailing trends, and segmental shares.
As per type, vitamin ingredients market is categorized into fat-soluble and water-soluble vitamins. Fat-soluble vitamins are further divided into vitamin A, D, E, and K whereas water-soluble vitamins are classified as vitamin B and C. In terms end user scope, the market is segmented into animal and human.
Considering geographical landscape, the global vitamin ingredients market is segmented into regions namely, Europe, North America, APAC, and rest of the world, with key focus on countries such as Mexico, US, Canada, Germany, UK, France, Japan, India and China.
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The report cites that the Asia Pacific region held the largest share in vitamin ingredients market in 2018, due to a large consumer base, growing per capita income, and surging investments by key players in the market. Moreover, evolving consumer lifestyle and rapid urbanization will further fuel the demand of vitamin ingredients in the APAC region.
The major companies in vitamin ingredients market are BASF, DSM, Bluestar Adisseo, Archier Daniels Midlands, Lonza Group, Nutrilo GmbH, DuPont, Atlantic Essential Products Inc., Parc Acre, and AIE Pharmaceuticals.
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