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Description
Vitamin Ingredients Market size is valued at USD 4,729.4 million in 2021 and is expected to grow at a CAGR of 5.9% during the forecast period 2022 to 2028. The global market provides a detailed overview of the global vitamin ingredients market, and that can be segmented by vitamin type, by formulation, and by application. By vitamin type, the global vitamin ingredients market has been segmented into Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Vitamin K. The Vitamin A segment is likely to be the largest and fastest-growing segment in terms of type because of its numerous advantages. Vitamin A can treat eye diseases such as myopia, blindness at night, and cataracts. Vitamin D is also growing at a faster rate in the global vitamin ingredients market because it can improve diabetes and hypertension, and calcium absorption for bone health. Based on formulation, the global vitamin ingredients market is segmented into Solid, Liquid, Powder. Among these, the solid segment is expected to have the fastest-growing market during the forecast period 2022-2028. Based on application, the global vitamin ingredients market is segmented into Food and Beverages, Pharmaceuticals, Cosmetics Consumption, Others. The Pharmaceuticals segment accounts for the largest share in 2021. Also, Food and Beverages segment is the second-largest share during the forecast period 2022-2028 according to precision business insights. Vitamins are the essential nutrients for the human body to maintain the proper metabolic functions, healthy life, nerve functions, and digestion. Vitamins are divided into two types, fat-soluble vitamins include vitamin A, D, E, K and water-soluble vitamins Include vitamin B and C. The growing concerns of lifestyle illnesses is the major driver for the global vitamin ingredients market in recent years. Moreover, increasing prevalence of chronic diseases, vitamin deficiency, and growing population of elder people are boosting the overall market growth.
Key Developments:
In Sept 2022, H&H Group launched Swisse, Australia’s No. 1 multivitamin and beauty nutrition brand, in UAE
In Sept 2022, UK Biotech launched vitamin microcapsules for the drink industry.
