Vitamins Market By Source, Product Type, End Use Industry, Distribution Channel, and Geography - Size, Share, Opportunity Analysis, and Industry Forecast, 2022 - 2028

Vitamins Market By Source, Product Type, End Use Industry, Distribution Channel, and Geography - Size, Share, Opportunity Analysis, and Industry Forecast, 2022 - 2028

Vitamins are organic compounds, which is essential for the normal growth and development of an organism. Vitamins are classified as water soluble and fat soluble vitamins. Increasing consumer awareness about wellbeing in North America and Europe is the key factor of the growth of the global vitamins market during 2017 - 2028. According to Coherent Market Insights---the market for vitamins is expanding at a CAGR of 4.98% during the forecast period. Rapidly increasing number of elderly people across the world, is in turn projected to propel the market for vitamins during the forecast period. As, with age the body finds difficulty to absorb adequate amount of nutrients from the food, also the elderly people primarily suffer from vitamins D, which can be easily obtained by exposure to sunlight. Also, increasing incidence of lifestyle diseases such as deficiency of vitamins, night blindness, digestive disorder and osteomalacia are expected to fuel the growth of the market for vitamins.
Vitamins are primarily extracted from two sources, namely, plant and animal sources. The increasing preferences for food supplements to fulfill the required needs, which in turn is expected to boost the market for vitamins. Moreover, milk, yoghurt, cheese are also extracted from animals which are rich in various kind of vitamins. The animal source segment is dominating the global vitamin market in the last five years and is expected to retain the trend during the forecast period. However, the plant source is also gaining traction, due to the change in eating habits and consumer preferences for green vegetables and fruits.

Market Dynamics
North America dominated the market in 2021 and the trend is expected to remain the same during 2017 - 2028. The increasing demand for vitamins in various end-use industries such as food & beverages and pharmaceuticals, due to rise in consumer awareness and stringent government regulations over following years is the major driving force to position North America as the largest region in the global vitamins market. For instance, in June 2007, U.S. Food & Drug Administration (FDA), introduced dietary supplement of "current Good Manufacturing Practice" (cGMP), this regulations forces the manufacturers to evaluate their products through testing identity, purity, strength, and composition. Moreover, Europe market is expected to experience significant growth, during the forecast period.
Market Taxonomy
This report segments the global vitamins market on the basis of source, product types, end use industry and distribution channel. On the basis of source types, the market is segmented as plant and animal source. On the basis of product type, the global vitamins market is segmented into vitamin A, vitamin B, vitamin C, vitamin D, vitamin E and vitamin K. On the basis of end use industry, the global vitamins market is segmented into food & beverages, personal care, animal feed, pharmaceuticals and others. Also, on the basis of distribution channel, the global vitamins market is segmented into, hypermarket, supermarket, mass merchandisers, specialty stores and others. Moreover, vitamin B is the largest product segment, accounting for over 57.1% share of the global vitamins market in 2021, while, vitamin E is projected to be the fastest growing product segment and expected to grow at a CAGR of 5.06% in terms of revenue during the forecasted period.
Key features of the study:
This report provides in-depth analysis of the global vitamins market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides valuable insights about market drivers, restraints, opportunities, new product launches or approval, regional outlook, and competitive strategy adopted by the leading players
The report takes into account the various types of vitamins involved in manufacturing different product types, analyzing the market value and growth (%) during the forecast period
It includes insights on the largest technology used to manufacture different types of vitamins across the globe
It profiles leading players in the global vitamins market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies and future plans
Key companies covered as a part of this study include Adisseo France S.A.S., Archer Daniels Midland Co., SASF SE, CSPC Pharmaceuticals Group Limited, Lonza Group Ltd., North China Pharmaceuticals Corporation, Pharmavite LLC, Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions with respect to their future product launch, technology upgrade, market expansion, and marketing tactics
The global vitamins market report caters to various stakeholders in this industry, including investors, raw material manufacturer, product manufacturer, end-users, distributors, new entrants, and financial analysts
Stakeholders would greatly benefit in decision making through the various strategy matrices used in analyzing the vitamins market
Detailed Segmentation:
Global Vitamins Market, By Source:
Plant
Animal
Others
Global Vitamins Market, By Product Type:
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
Global Vitamins Market, By End Use Industry:
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
Global Vitamins Market, By Distribution Channel:
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Global Vitamins Market, By Geography:
North America
US
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Canada
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Europe
UK
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Germany
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Italy
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
France
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Russia
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Rest of Europe
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Asia-Pacific
China
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
India
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Japan
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
ASEAN
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Australia
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
South Korea
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Rest of Asia Pacific
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Latin America
Brazil
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Mexico
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Rest of Latin America
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Middle East
GCC
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Israel
By Product Type
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Africa
North Africa
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Central Africa
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
South Africa
By Source
Plant
Animal
By Product Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
By End Use Industry
Food and Beverages
Personal Care
Animal Feed
Pharmaceutical
Others
By Distribution Channel
Hypermarket
Supermarket
Mass Merchandisers
Specialty Stores
Others
Company Profiles
Adisseo France S.A.S*
Company Overview
Product Portfolio
Financial Performance
Key Strategies
Recent Developments
Future Plans
Archer Daniels Midland Co.
SASF SE
CSPC Pharmaceuticals Group Limited
Lonza Group Ltd.
North China Pharmaceuticals Corporation
Pharmavite LLC
Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd.
Note- We will profile top 10 companies’ profiles. Also, we will provide the exhaustive list of domestic players for every region.