Global Vitamins Market 2024-2028
The vitamins market is forecasted to grow by USD 35468.8 million during 2023-2028, accelerating at a CAGR of 7.82% during the forecast period. The report on the vitamins market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing number of product launches, growth in geriatric population, and preventive measures for lifestyle-related diseases.
Technavio's vitamins market is segmented as below:
By Application
- Food and beverages
- Pharmaceuticals and cosmetics
- Feed additives
By End-user
- Adults
- Children and teenager
- Infants
By Geographical Landscape
- North America
- APAC
- Europe
- South America
- Middle East and Africa
This study identifies the increasing health consciousness among consumers as one of the prime reasons driving the vitamins market growth during the next few years. Also, growing number of people engaging in outdoor activities and emergence of private label brands will lead to sizable demand in the market.
The report on the vitamins market covers the following areas:
- Vitamins market sizing
- Vitamins market forecast
- Vitamins market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading vitamins market vendors that include Abbott Laboratories, Ajinomoto Co. Inc., Alltech Inc., Archer Daniels Midland Co., Associated British Foods Plc, BASF SE, Adisseo Co., Cargill Inc., Chr Hansen Holding AS, DuPont de Nemours Inc., Evonik Industries AG, Koninklijke DSM NV, Merck KGaA, Nestle SA, Sanofi SA, Virbac Group, Vitafor NV, Vitala Foods, and Zinpro Corp.. Also, the vitamins market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.