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Vitamins Market by Application, End-user and Geography - Forecast and Analysis 2023-2026

  • Published: Nov 2022
  • Pages: 168
  • SKU: IRTNTR41413
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The vitamins market is estimated to grow at a CAGR of 7% between 2022 and 2027. The size of the market is forecast to increase by USD 29,240.02 millionThe growth of the market depends on serval factors, including the increasing number of product launches, growth in the geriatric population, and preventive measures for lifestyle-related diseases.

This report extensively covers market segmentation by application (food and beverages, pharmaceuticals and cosmetics, and feed additives), end-user (adults, children and teenagers, and infants), and geography (North America, APAC, Europe, South America, and Middle East and Africa) and geography US, China, Japan, UK, and Germany. It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

 What will the Size of the Vitamins Market be During the Forecast Period?

Vitamins Market Size

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Parent Market Analysis

Technavio categorizes the global vitamins market as a part of the global packaged foods and meats market under the global food products segment of the global food, beverage, and tobacco market. The global packaged foods and meats products market covers manufacturers or food processing vendors that are involved in food processing to eliminate microorganisms and extend shelf life. Technavio calculates the global packaged foods and meat market size based on the combined revenue generated by the vendors operating in the market. The market does not include manufacturers of food processing equipment. The market also excludes producers of packaged alcoholic and non-alcoholic beverages, including mineral waters. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Vitamins Market: Key Drivers, Trends, Challenges, and Customer Landscape

The increasing number of product launches is notably driving the market growth, although factors such as misleading advertisements and promotions by market players may impede the growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Vitamins Market Driver 

The increasing number of product launches is the key factor driving the global vitamins market growth. One of the drivers that can influence the growth of the market during the forecast period is the increasing number of new product launches. Successful new product launches will also help increase the revenues of players to ramp up their market shares. 

Some of the new product launches in the market. Basically, ampli-D is a faster and more effective way for Australian consumers to boost vitamin D levels in the body in just days and weeks instead of months to support immune health. Such new product launches will help the market to grow during the forecast period.

Key Vitamins Market Trend

The increasing population of health-conscious consumers will fuel the global vitamin market growth. A positive trend that can support the growth of the market during the forecast period is increasing health consciousness among consumers. Rising incidences of obesity and related diseases are making consumers more health-conscious and giving rise to the need for food and beverage products that are natural-based and low in fat and calories. Players in the market are coming up with food with low fat and calorie content and fortified with vitamins and minerals to cater to the changing demands of consumers.

Health and wellness are gaining popularity among young consumers in the age group of 18-32 years. The number of consumers indulging in fitness activities is increasing globally. They are willing to pay high premiums for products offering various functional benefits such as low fat and calorie content. Increasing demand for healthy food and beverage products among consumers will drive the growth of the market during the forecast period.

Key Vitamins Market Challenge

The misleading advertisements and promotions by market players are a major challenge to the global vitamins market growth. Misleading promotions and advertisements by market players comprise a major challenge threatening the growth of the market. Players sign up with various sports and film celebrities to endorse their products and create advertisement campaigns featuring these celebrities. Such campaigns may encourage many consumers to make purchases influenced by celebrity endorsements of the products as being healthy and safe.

Moreover, the regulatory bodies also alert consumers through guidelines highlighting various misleading claims supplement manufacturers make through advertisements. Hence, the above-mentioned factors are expected to hamper the growth of the market during the forecast period.

Key Vitamins Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Vitamins Market Share by Geography

Global Vitamins Market Customer Landscape

 

Who are the Major Vitamins Market Vendors?                                     

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

alltech.com - The company offers vitamins such as Vitamin A and Vitamin E. Also, the company offers animal nutrition for dairy cows, beef cattle, poultry, pig, aquaculture, equine, and pet. Moreover, the company provides natural-based solutions to enhance crop health and maximize crop productivity.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Abbott Laboratories
  • Ajinomoto Co. Inc.
  • Associated British Foods Plc
  • BASF SE
  • Bluestar Adisseo Co.
  • Chr Hansen Holding AS
  • DuPont de Nemours Inc.
  • Koninklijke DSM NV
  • Merck KGaA
  • Sanofi SA
  • Vitafor NV
  • Vitala Foods
  • Zinpro Corp.
  • Archer Daniels Midland Co.
  • Cargill Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What are the Fastest-Growing Segments in the Vitamins Market?

The market share growth by the food and beverages segment will be significant during the forecast period. The food and beverages segment in the market is expected to witness significant growth during the forecast period. This growth is due to the increasing demand for health and wellness food and beverages. Consumers include more vitamins and mineral-rich food products in their daily diets as preventive measures against various diseases, thereby increasing the demand for fortified food and beverage products.

Vitamins Market Size

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The food and beverages show a gradual increase in the market share of USD 22,330.82 million in 2017 and continue to grow by 2021Various market players are coming up with new food and beverage products that are fortified with vitamins to meet growing demand. Vitamin deficiencies can lead to minor and major problems, including preventable blindness in children due to lack of vitamin A, short-term memory loss, fatigue, and weight loss due to low vitamin B12. Hence, the above-mentioned factors are expected to fuel the growth of the food and beverages segment in the market during the forecast period.

Which are the Key Regions for the Vitamins Market?

Vitamins Market Share by Geography

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APAC is projected to contribute 40% of market growth by 2023. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. 

The use of vitamin supplements is increasing among consumers in APAC on the back of growing health consciousness to prevent the onset of various lifestyle-related diseases. China, India, and Japan are among the major vitamin product consumers in the region. Commendable economic growth, coupled with increasing health awareness among consumers, will boost the market in APAC during the forecast period.  

This report forecasts the contribution of all the segments to the growth of the market. In addition, we have included the COVID-19 impact and the recovery strategies for each segment. In Q1 2021, the regional government started the vaccination program and also lifted lockdown and travel restrictions, which resulted in the resumption of offline stores and online delivery of foods and medicines gradually. Due to this, the demand for vitamin supplements witnessed a rise among consumers in the region, as they are rich in nutrients and are easily available in offline and online stores. Such trends are expected to boost the growth of the vitamins market during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by application, end-user, and region.

  • Application Outlook ( USD Million, 2017 - 2027)
    • Food and beverages
    • Pharmaceuticals and cosmetics
    • Feed additives
  • End-user Outlook ( USD Million, 2017 - 2027)
    • Adults
    • Children and teenager
    • Infants
  • Region Outlook ( USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • U.K.
      • Germany
      • France
      • Rest of Europe
    • APAC
      • China
      • India
    • South America
      • Chile
      • Argentina
      • Brazil
    • Middle East & Africa
      • Saudi Arabia
      • South Africa
      • Rest of the Middle East & Africa

Vitamins Market Scope

Report Coverage

Details

Page number

168

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 7%

Market growth 2023-2027

USD 29,240.02 million

Market structure

Fragmented

YoY growth (%)

6.8

Regional analysis

North America, APAC, Europe, South America, and Middle East and Africa

Performing market contribution

APAC at 40%

Key countries

US, China, Japan, UK, and Germany

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Abbott Laboratories, Ajinomoto Co. Inc., Alltech Inc., Associated British Foods Plc, BASF SE, Bluestar Adisseo Co., Chr Hansen Holding AS, DuPont de Nemours Inc., Koninklijke DSM NV, Merck KGaA, Sanofi SA, Vitafor NV, Vitala Foods, Zinpro Corp., Archer Daniels Midland Co., Cargill Inc., Evonik Industries AG, Nestle SA, and Virbac Group

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Vitamins Market Report?

  • CAGR of the market during the forecast period.
  • Detailed information on factors that will drive the growth of the vitamins market between 2023 and 2027
  • Precise estimation of the vitamins market size and its contribution to the market in focus on the parent market.
  • Accurate predictions about upcoming trends and changes in consumer behavior.
  • Growth of the vitamins industry across North America, APAC, Europe, South America, and Middle East and Africa.
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors.
  • Comprehensive analysis of details of factors that will challenge the growth of vitamins market vendors.

 

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by End-user
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global vitamins market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global vitamins market 2017 - 2021 ($ million)
    • 4.2 Geography Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.3 Application Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Application Segment 2017 - 2021 ($ million)
    • 4.4 End-user Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – End-user Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Exhibit 30: Chart on Application - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Application - Market share 2022-2027 (%)
    • 6.2 Comparison by Application
      • Exhibit 32: Chart on Comparison by Application
      • Exhibit 33: Data Table on Comparison by Application
    • 6.3 Food and beverages - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Food and beverages - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Food and beverages - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Food and beverages - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Food and beverages - Year-over-year growth 2022-2027 (%)
    • 6.4 Pharmaceuticals and cosmetics - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Pharmaceuticals and cosmetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Pharmaceuticals and cosmetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Pharmaceuticals and cosmetics - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Pharmaceuticals and cosmetics - Year-over-year growth 2022-2027 (%)
    • 6.5 Feed additives - Market size and forecast 2022-2027
      • Exhibit 42: Chart on Feed additives - Market size and forecast 2022-2027 ($ million)
      • Exhibit 43: Data Table on Feed additives - Market size and forecast 2022-2027 ($ million)
      • Exhibit 44: Chart on Feed additives - Year-over-year growth 2022-2027 (%)
      • Exhibit 45: Data Table on Feed additives - Year-over-year growth 2022-2027 (%)
    • 6.6 Market opportunity by Application
      • Exhibit 46: Market opportunity by Application ($ million)

    7 Market Segmentation by End-user

    • 7.1 Market segments
      • Exhibit 47: Chart on End-user - Market share 2022-2027 (%)
      • Exhibit 48: Data Table on End-user - Market share 2022-2027 (%)
    • 7.2 Comparison by End-user
      • Exhibit 49: Chart on Comparison by End-user
      • Exhibit 50: Data Table on Comparison by End-user
    • 7.3 Adults - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Adults - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Adults - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Adults - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Adults - Year-over-year growth 2022-2027 (%)
    • 7.4 Children and teenager - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Children and teenager - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Children and teenager - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Children and teenager - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Children and teenager - Year-over-year growth 2022-2027 (%)
    • 7.5 Infants - Market size and forecast 2022-2027
      • Exhibit 59: Chart on Infants - Market size and forecast 2022-2027 ($ million)
      • Exhibit 60: Data Table on Infants - Market size and forecast 2022-2027 ($ million)
      • Exhibit 61: Chart on Infants - Year-over-year growth 2022-2027 (%)
      • Exhibit 62: Data Table on Infants - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by End-user
      • Exhibit 63: Market opportunity by End-user ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 64: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 65: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 66: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 67: Chart on Geographic comparison
      • Exhibit 68: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 69: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 APAC - Market size and forecast 2022-2027
      • Exhibit 73: Chart on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on APAC - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on APAC - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on APAC - Year-over-year growth 2022-2027 (%)
    • 9.5 Europe - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.6 South America - Market size and forecast 2022-2027
      • Exhibit 81: Chart on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on South America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on South America - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on South America - Year-over-year growth 2022-2027 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Middle East and Africa - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Middle East and Africa - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Middle East and Africa - Year-over-year growth 2022-2027 (%)
    • 9.8 US - Market size and forecast 2022-2027
      • Exhibit 89: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 93: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 Japan - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Japan - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Japan - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Japan - Year-over-year growth 2022-2027 (%)
    • 9.11 UK - Market size and forecast 2022-2027
      • Exhibit 101: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 102: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 103: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 104: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.12 Germany - Market size and forecast 2022-2027
      • Exhibit 105: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 106: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 107: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 108: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.13 Market opportunity by geography
      • Exhibit 109: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 110: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 111: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 112: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 113: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 114: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 115: Matrix on vendor position and classification
            • 12.3 Abbott Laboratories
              • Exhibit 116: Abbott Laboratories - Overview
              • Exhibit 117: Abbott Laboratories - Business segments
              • Exhibit 118: Abbott Laboratories - Key news
              • Exhibit 119: Abbott Laboratories - Key offerings
              • Exhibit 120: Abbott Laboratories - Segment focus
            • 12.4 Alltech Inc.
              • Exhibit 121: Alltech Inc. - Overview
              • Exhibit 122: Alltech Inc. - Product / Service
              • Exhibit 123: Alltech Inc. - Key offerings
            • 12.5 Archer Daniels Midland Co.
              • Exhibit 124: Archer Daniels Midland Co. - Overview
              • Exhibit 125: Archer Daniels Midland Co. - Business segments
              • Exhibit 126: Archer Daniels Midland Co. - Key offerings
              • Exhibit 127: Archer Daniels Midland Co. - Segment focus
            • 12.6 Associated British Foods Plc
              • Exhibit 128: Associated British Foods Plc - Overview
              • Exhibit 129: Associated British Foods Plc - Business segments
              • Exhibit 130: Associated British Foods Plc - Key offerings
              • Exhibit 131: Associated British Foods Plc - Segment focus
            • 12.7 BASF SE
              • Exhibit 132: BASF SE - Overview
              • Exhibit 133: BASF SE - Business segments
              • Exhibit 134: BASF SE - Key news
              • Exhibit 135: BASF SE - Key offerings
              • Exhibit 136: BASF SE - Segment focus
            • 12.8 Cargill Inc.
              • Exhibit 137: Cargill Inc. - Overview
              • Exhibit 138: Cargill Inc. - Product / Service
              • Exhibit 139: Cargill Inc. - Key news
              • Exhibit 140: Cargill Inc. - Key offerings
            • 12.9 Chr Hansen Holding AS
              • Exhibit 141: Chr Hansen Holding AS - Overview
              • Exhibit 142: Chr Hansen Holding AS - Business segments
              • Exhibit 143: Chr Hansen Holding AS - Key news
              • Exhibit 144: Chr Hansen Holding AS - Key offerings
              • Exhibit 145: Chr Hansen Holding AS - Segment focus
            • 12.10 DuPont de Nemours Inc.
              • Exhibit 146: DuPont de Nemours Inc. - Overview
              • Exhibit 147: DuPont de Nemours Inc. - Business segments
              • Exhibit 148: DuPont de Nemours Inc. - Key news
              • Exhibit 149: DuPont de Nemours Inc. - Key offerings
              • Exhibit 150: DuPont de Nemours Inc. - Segment focus
            • 12.11 Evonik Industries AG
              • Exhibit 151: Evonik Industries AG - Overview
              • Exhibit 152: Evonik Industries AG - Business segments
              • Exhibit 153: Evonik Industries AG - Key news
              • Exhibit 154: Evonik Industries AG - Key offerings
              • Exhibit 155: Evonik Industries AG - Segment focus
            • 12.12 Koninklijke DSM NV
              • Exhibit 156: Koninklijke DSM NV - Overview
              • Exhibit 157: Koninklijke DSM NV - Business segments
              • Exhibit 158: Koninklijke DSM NV - Key news
              • Exhibit 159: Koninklijke DSM NV - Key offerings
              • Exhibit 160: Koninklijke DSM NV - Segment focus
            • 12.13 Merck KGaA
              • Exhibit 161: Merck KGaA - Overview
              • Exhibit 162: Merck KGaA - Business segments
              • Exhibit 163: Merck KGaA - Key news
              • Exhibit 164: Merck KGaA - Key offerings
              • Exhibit 165: Merck KGaA - Segment focus
            • 12.14 Nestle SA
              • Exhibit 166: Nestle SA - Overview
              • Exhibit 167: Nestle SA - Business segments
              • Exhibit 168: Nestle SA - Key news
              • Exhibit 169: Nestle SA - Key offerings
              • Exhibit 170: Nestle SA - Segment focus
            • 12.15 Virbac Group
              • Exhibit 171: Virbac Group - Overview
              • Exhibit 172: Virbac Group - Business segments
              • Exhibit 173: Virbac Group - Key news
              • Exhibit 174: Virbac Group - Key offerings
              • Exhibit 175: Virbac Group - Segment focus
            • 12.16 Vitala Foods
              • Exhibit 176: Vitala Foods - Overview
              • Exhibit 177: Vitala Foods - Product / Service
              • Exhibit 178: Vitala Foods - Key offerings
            • 12.17 Zinpro Corp.
              • Exhibit 179: Zinpro Corp. - Overview
              • Exhibit 180: Zinpro Corp. - Product / Service
              • Exhibit 181: Zinpro Corp. - Key offerings

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 182: Inclusions checklist
                • Exhibit 183: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 184: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 185: Research methodology
                • Exhibit 186: Validation techniques employed for market sizing
                • Exhibit 187: Information sources
              • 13.5 List of abbreviations
                • Exhibit 188: List of abbreviations
              • food allergy among consumers: There is an increase in the number of people suffering from food allergies globally. Food allergy is caused when the immune system reacts to the ingestion of certain foods. Ingredients of packaged foods and meats that can create allergic reactions in some people include (but are not limited to) milk, eggs, fish, crustacean shellfish (e.g., crab, lobster, and shrimp), tree nuts (e.g., almonds, walnuts, and pecan), peanuts, wheat, and soybeans. Even consumption of small amounts of food allergens can trigger signs and symptoms such as digestive problems, hives, and swollen airways. In some people, a food allergy can cause severe symptoms, or even a life-threatening reaction is, known as anaphylaxis. For example, in the US, nearly 3% of the adult population suffers from shellfish allergy.

                Research Framework

                Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

                TechnavioINFORMATION SOURCES

                Primary sources

                • Manufacturers and suppliers
                • Channel partners
                • Industry experts
                • Strategic decision makers

                Secondary sources

                • Industry journals and periodicals
                • Government data
                • Financial reports of key industry players
                • Historical data
                • Press releases
                Technavio

                TechnavioDATA ANALYSIS

                Data Synthesis

                • Collation of data
                • Estimation of key figures
                • Analysis of derived insights

                Data Validation

                • Triangulation with data models
                • Reference against proprietary databases
                • Corroboration with industry experts
                Technavio

                TechnavioREPORT WRITING

                Qualitative

                • Market drivers
                • Market challenges
                • Market trends
                • Five forces analysis

                Quantitative

                • Market size and forecast
                • Market segmentation
                • Geographical insights
                • Competitive landscape
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                Vitamins market growth will increase by $29240.02 million during 2023-2027.
                The vitamins market is expected to grow at a CAGR of 7% during 2023-2027.
                Technavio has segmented the vitamins market by application (Food and beverages, Pharmaceuticals and cosmetics, and Feed additives) ,end-user (Adults, Children and teenager, Infants, and South America) , and geography (North America, APAC, Europe, South America, and Middle East and Africa).
                Abbott Laboratories, Ajinomoto Co. Inc., Alltech Inc., Associated British Foods Plc, BASF SE, Bluestar Adisseo Co., Chr Hansen Holding AS, DuPont de Nemours Inc., Koninklijke DSM NV, Merck KGaA, Sanofi SA, Vitafor NV, Vitala Foods, Zinpro Corp., Archer Daniels Midland Co., Cargill Inc., Evonik Industries AG, Nestle SA, Virbac Group are a few of the key vendors in the vitamins market.
                North America will register the highest growth rate of 40.24% among the other regions. Therefore, the vitamins market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
                • US
                • China
                • Japan
                • UK
                • Germany
                The key factors driving the vitamins market growth are:
                • Increasing number of product launches
                • Increasing health consciousness among consumers
                The vitamins market vendors should focus on grabbing business opportunities from the food and beverages segment as it accounted for the largest market share in the base year.
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