Vitamins Market, By Source (Plant, Animal and Others), By Product Type (Vitamins A, Vitamins B, Vitamins C, Vitamins D, Vitamins E and Vitamins K), By End Use Industry (Food & Beverages, Personal Care, Animal Feed, Pharmaceuticals and Others), By Distribution Channel (Hypermarket, Supermarket, Mass Merchandisers, Specialty Stores and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)
The Vitamins Market size is valued at US$ 7.12 Bn in 2024 and is expected to reach US$ 10.84 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.
Figure 1. Vitamins Market Share (%), By Region, 2024
The global vitamins market has witnessed significant growth over the past few decades. Vitamins play a key role in maintaining good health and well-being. They help in DNA synthesis, energy production, tissue growth, and cell function. Growing health consciousness among consumers and increasing awareness about the role of vitamins in the prevention of diseases have been driving the demand for vitamins supplements globally. However, factors like the availability of cheaper alternatives from local players and the preference for traditional home remedies in some regions may restrain market growth. Key vitamins include A, D, E, C, K, B complex groups, etc., that are essential for growth, vision, bone health, and cell functions. The growing focus on preventive healthcare and immunity-boosting during the pandemic has further propelled the demand for vitamins in various forms including tablets, capsules, and gummies, especially among millennials. Rising health supplement consumption, growing product innovations catering to lifestyle needs, and the ability of e-commerce to increase accessibility will continue aiding the market expansion in the coming years.
Market Dynamics:
The market has been witnessing steady growth driven by increasing health consciousness among consumers, a rising incidence of lifestyle diseases, a growing geriatric population, and improving economic conditions. The adoption of vitamins as preventive healthcare measures is gaining popularity. However, factors such as the availability of cheaper alternatives from local players, preference for traditional home remedies in some regions, and lack of awareness in underdeveloped nations pose challenges to market players. Ongoing research and development (R&D) in specialized formulations, a growing e-commerce industry, and increasing spend on healthcare provide new opportunities for market expansion.
Key Features of the Study:
- This report provides an in-depth analysis of the market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
- It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
- It profiles key players in the market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
- Key companies covered as a part of this study include - Adisseo France S.A.S , Archer Daniels Midland Co., BASF SE, CSPC Pharmaceuticals Group Limited, Lonza Group Ltd., North China Pharmaceuticals Corporation, Pharmavite LLC, and Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd., Vitablend Nederland B.V, Farbest Brands.
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up gradation, market expansion, and marketing tactics.
- The market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.
- By Source
- Plant
- Animal
- Others
- By Product Type
- Vitamins A
- Vitamins B
- Vitamins C
- Vitamins D
- Vitamins E
- Vitamins K
- By End Use Industry
- Food & Beverages
- Personal Care
- Animal Feed
- Pharmaceuticals
- Others
- By Distribution Channel
- Hypermarket
- Supermarket
- Mass Merchandisers
- Specialty Stores
- Others
- By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
- Top Companies in this Market
- Adisseo France S.A.S
- Archer Daniels Midland Co.
- BASF SE
- CSPC Pharmaceuticals Group Limited
- Lonza Group Ltd.
- North China Pharmaceuticals Corporation
- Pharmavite LLC
- Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd.
- Vitablend Nederland B.V
- Farbest Brands
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snippet, By Source
- Market Snippet, By Product Type
- Market Snippet, By End Use Industry
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Increasing demand from furniture industry
- Growth in nonwoven hygiene products
- Growing packaging industry
- Restraints
- Stringent regulations regarding VOCs emissions
- Volatility in raw material prices
- Opportunities
- Product development for new Product Types
- Market expansion in developing countries
- Key Highlights
- Regulatory Scenario
- Recent Trends
- Product Launches/Approvals
- PEST Analysis
- PORTER’s Analysis
- Mergers, Acquisitions, and Collaborations
- 4. Global Vitamins Market - Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Vitamins Market , By Source, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Plant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Animal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- 6. Global Vitamins Market , By Product Type, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Vitamins A
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Vitamins B
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Vitamins C
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Vitamins D
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Vitamin E
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Vitamins K
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- 7. Global Vitamins Market, By End Use Industry, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- 8. Global Vitamins Market, By Distribution Channel, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hypermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Supermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Mass Merchandisers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
- 9. Global Vitamins Market, By Region, 2019-2031, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2024-2031(%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry , 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- U.S.
- Canada
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Bn)
- South Africa
- Central Africa
- North Africa
- 10. Competitive Landscape
- Company Profile
- Adisseo France S.A.S
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Archer Daniels Midland Co.
- BASF SE
- CSPC Pharmaceuticals Group Limited
- Lonza Group Ltd.
- North China Pharmaceuticals Corporation
- Pharmavite LLC
- Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd.
- Vitablend Nederland B.V
- Farbest Brands
- Analyst Views
- 11. Section
- References
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on “Global Vitamins Market” - Global forecast to 2031.
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