Global Vitamins Market is accounted for $5.99 billion in 2020 and is expected to reach $12.20 billion by 2028 growing at a CAGR of 9.3% during the forecast period. Growth in demand for functional and nutritionally enriched processed food products, feed fortification due to rise in global meat & dairy product consumption and prevalence of vitamin deficiencies are driving the market growth.
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By geography, Asia Pacific is going to have high growth during the forecast period due to the high focus of the market for vitamins in Asia Pacific is experiencing growth due to its growing application in the feed industry along with the rise in incomes, increase in purchasing power, and significant consumer demand for nutritional & healthy products.
Some of the key players profiled in the Vitamins Market include Unilever Group, The Procter & Gamble Co., Sanofi, Pfizer Inc., Nestlé SA, Lonza Group Ltd., DSM, Bluestar Adisseo Co. Ltd., BASF SE and Archer Daniels Midland Co.
Types Covered in Vitamins Market
• Water Soluble
• Fat Soluble
Sources Covered:
• Animal
• Natural
• Plant
• Synthetic
Products Covered:
• Vitamin B
• Vitamin E
• Vitamin D
• Vitamin C
• Vitamin A
• Vitamin K
• Multivitamin
Applications Covered:
• Healthcare Products
• Food & Beverages
• Animal Feed
• Pharmaceuticals/Dietary Supplements
• Personal Care
• Cosmetics
Distribution Channels Covered:
• Online Retail
• Offline Retail
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