Increasing level of awareness about consuming healthy food, especially among aging population is driving the demand for food products with vitamins and derivatives.
Consumption of such products has also increased in emerging economies such as China, India and Brazil. Regular intake of vitamins and derivatives is extremely important for proper development and functioning of the health.
Vitamins are added to a wide range of healthcare products, which continue to witness an uptrend owing to their growing importance in the fast-paced life of a modern consumer.
At the same time, increased consumption of vitamin supplements and desires of having enhanced physical appearance has led to a greater demand for vitamins and derivatives globally.
Fact.MR’s recently published report reveals that the global vitamins and derivatives market will exhibit a steady growth during the forecast period (2017-2026).
In terms of volume, the market is expected to reach 165,075 tons by 2026-end. In recent years, trend of leading a healthier and active life has become more prominent, which is fueling the demand for functional food.
Vitamins and derivatives are also used for making drugs to treatment of various metabolic syndrome diseases. These essential nutrients have profound therapeutic potential in the prevention and treatment of various chronic ailments.
Consumer are moving towards preventive healthcare and products that can fulfill the daily nutrition quotient.
Vitamins and derivatives are available in the form of tablets, capsules, powder, oral liquid and gummies and softgels. Some of these variants can be consumed without medical prescription as well.
Factors such as expanding geriatric population, changing lifestyle, increasing discretionary spending have partly influenced the global sales of vitamins and derivatives.
North America to Remain the Most Attractive Market for Vitamins and Derivatives
The market in North America is expected to remain highly lucrative for vitamins and derivatives throughout the assessment period. The region’s market is projected to exhibit a steady CAGR between 2017 and 2026.
Use of vitamins and derivative supplement is significantly high in the region. Americans are increasingly inclining towards such products to ensure a balanced diet.
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Vitamin B a Leading Product Type
Use of vitamin B is significantly high across the globe. Vitamin B finds application in manufacturing of various function food, cosmetics, and dietary supplements.
The global sales of vitamin B currently represents for more than one-fourth share of the market in terms of revenue. Towards the end of 2026, nearly US$ 7,355.2 Mn worth vitamin B is expected to be sold worldwide.
Food & Beverage Will Remain the Largest End-Use Industry
Use of vitamins and derivatives is significantly high in the food and beverage industry. This is primarily owing to increasing consumer preference for food and beverage product that have high nutritional content and are healthy.
By 2026-end, more than US$ 6,900 Mn worth vitamins and derivatives are expected to be used in the food and beverage industry.
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Some of the leading players operating in the global vitamins and derivatives market include
- Glanbia PLC
- Abott Laboratories
- Jubilant Life Sciences Limited
- Lonza Group Ltd
- Atrium Innovations, Inc.
- Schiff Nutrition International Inc
- BoehringerIngelheim Consumer Health Care
- Fermenta Biotech Ltd.
- CSPC Pharmaceutical Group Limited
- Bactolac Pharmaceutical, Inc.
- Adisseo France S.A.S.
|End Use Industries||
Vitamins and Derivatives Market Scope Of The Report
Growth of the global vitamins and derivatives market is expected to remain affected by key factors such as rising prevalence of chronic ailments, alleviated demand for effective drugs & technology, new product developments, and rising investments by leading market players in R&D activities.
This Fact.MR report analyzes the expansion of global vitamins and derivatives market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.
The scope of Fact.MR’s report is to analyze the global vitamins and derivatives market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis.
Medical device manufacturers, research institutes, and raw material suppliers in the global vitamins and derivatives market can benefit from the analysis offered in this report.
This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to vitamins and derivatives.
The report commences with a brief information of the global vitamins and derivatives market. This executive summary sets the tone for the rest of the report, providing users the scope of the report.
The executive summary includes important facts and statistics on the global vitamins and derivatives market.
The next section offers an overview of the global vitamins and derivatives market. This comprises an introduction to the market, along with a standard definition of the product – vitamins and derivatives.
In this section, market value and year-over-year growth is offered to the readers. Year-over-year growth provides readers with a broader view of growth patterns over the forecast period.
The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.
In order to offer readers with up-to-date information about the latest advancements in the global vitamins and derivatives market, the report provides updates about market opportunities, which can benefit leading manufacturers of vitamins and derivatives.
With continuous evolution of the healthcare sector, keeping a record of latest developments and trends is fundamental for vitamins and derivatives manufacturers to formulate key business strategies.
Detailed insights about raw material sourcing, supply chain, regulatory approvals, pricing analysis, list of distributors, and cost structure are provided in this section.
The Fact.MR report provides segment-wise analysis and forecast for covering the wide scope of global vitamins and derivatives market.
Key segments that define growth of the global vitamins and derivatives market include product type, target group, end use Industries, form and region. In this segmentation analysis, a detailed country-wise forecast across all key market parameters is also included.
The report’s last section comprises of the global vitamins and derivatives market competitive landscape, to provide readers with the dashboard view of company analysis and market players.
This competitive intelligence is based on the providers’ categories across value chain, and their presence in the global vitamins and derivatives market.
Fact.MR is committed to offer unbiased and independent market research solutions to its clients. Each market report of Fact.MR is compiled after months of exhaustive research.
We bank on a mix of tried-and-tested and innovative research methodologies to offer the most comprehensive and accurate information. Our main sources of research include,
- Primary research
- Secondary research
- Trade research
- Focused interviews
- Social media analysis
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