Vitamins Market

Global Vitamins Market to
Surpass US$ 7.95 Billion
by 2025
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The Global Vitamins Market was valued at US$ 5.16 billion in 2016, according to a new report published by Coherent Market
Insights. Vitamins are organic substances that are required by the body in small amounts, for proper growth and development.
These are usually extracted naturally from certain food and is an essential component of diet. However, inadequate intake of
vitamins in the diet may led to certain deficiency diseases, such as avitaminosis. North America dominated the global vitamins
market during the last five years and is expected to retain its dominance in the market throughout the forecast period, due to
growing consumer preferences for healthy diet coupled with increasing awareness for various vitamins deficiency diseases.
Pharmaceuticals is the largest and the fastest growing segment amassmong end use industry segments for vitamins market. For
instance, India Brand Equity Foundation (IBEF)—a Trust established by the Department of Commerce, Ministry of Commerce and
Industry, Government of India—the overall Indian healthcare market was valued at US$ 100 billion in 2016 and is expected to
grow to US$ 280 billion by 2020, at a Compound Annual Growth Rate (CAGR) of 22.9%. The growing end use industry such as
pharmaceuticals, personal care, food & beverages and animal feed is propelling the market for vitamins during the forecast
period. Pharmaceuticals followed by animal feed and personal care is dominating the market in 2016 and the trend is expected to
remain the same from 2017 to 2025.
Vitamins are classified into two types, water soluble and fat soluble. Water soluble vitamins (vitamin B-complex group and vitamin
C), are easily dissolve in water and can be absorbed by the body. However, these vitamins are not stored in the body and
excreted as urine, so a continuous supply is required in our everyday diet. Fat soluble vitamins (A, D, E, K), are dissolved in fat
prior to being absorbed into the bloodstream. Excess intake of these vitamins are stored as fats in the liver and fat tissue.
According to Coherent Market Insights, the vitamin B, is the dominant segment among product types in the global vitamin market.
© Coherent market Insights. All Rights Reserved
Key takeaways of the market:
Asia-Pacific is projected to be the lucrative region in global vitamins market. It accounted for around 27.6% of overall
vitamins market revenue in 2016. The market in this region is expected to be primarily driven by rampant growth of
end-use industries in China, India, and ASEAN countries. The growing demand for improved food supplements, rising
urbanization, growing economy are some of the key drivers for the growth of vitamins in the Asia-Pacific region.
The market in Latin America is expected to register a significant growth rate over the forecast period. Rise in
discretionary income along with increasing food & beverages industry are expected to create lucrative growth
opportunities for the players in this region.
The mass merchandisers is dominating the market for distribution channel segments in the global vitamins market
during the projected period.
Adisseo France S.A.S., Archer Daniels Midland Co., BASF SE, CSPC Pharmaceuticals Group Limited, Lonza Group
Ltd., North China Pharmaceuticals Corporation, Pharmavite LLC, Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd.
are few of the key players in global vitamins market.
There are various organic, and inorganic growth strategies which are being followed by the leading market players in
the market. Technological advancement is leading to the key innovation in the new product launches. Companies are
also investing in expansions, mergers & acquisitions, and joint ventures in the market.
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Global Vitamins Market to Surpass US$ 7.95 Billion by 2025, with Food & Beverages Sector Growth Creating Conducive Growth Environment

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