Vitamins Market Analysis North America,APAC,Europe,South America,Middle East and Africa - US,China,Japan,UK,Germany - Size and Forecast 2023-2027

Published: Nov 2022 Pages: 168 SKU: IRTNTR41413

Vitamins Market Forecast 2023-2027

The Global Vitamins Market size is projected to increase by USD 29.24 billion at a CAGR of 7% between 2022 and 2027. The increasing number of product launches reflects ongoing innovation and research in developing new treatments and therapies. The growth in the geriatric population is driving demand for healthcare services and products tailored to the needs of older adults. Additionally, preventive measures for lifestyle-related diseases are becoming increasingly important as people seek to maintain their health and well-being. Overall, these factors are contributing to the expansion of the market as companies strive to meet the growing healthcare needs of the population.

The market is driven by an increasing number of new product launches, which is expected to boost revenues and market shares for players. Notable recent launches include Koninklijke DSM N.V.'s ampli-D, a fast-acting vitamin D supplement in Australia that supports immune health by quickly raising vitamin D levels in the body. Additionally, Procter and Gamble Co. introduced voost vitamins, a product line featuring various vitamins and nutrients aimed at supporting immunity, the nervous system, and overall health and wellness. These vitamins also target aspects such as digestion, mental health, and other nutritional requirements for human health. These new product launches are poised to contribute to the growth of the global vitamins market in the forecast period.

Vitamins Market Market: Overview

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Market Segmentation

This market 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).

By End-User 

The adult segment of the market is set to experience substantial growth in the forecast period. This can be attributed to increasing awareness of the health benefits associated with vitamins, a rise in chronic diseases, and the prevalence of nutritional deficiencies among adults and working professionals due to busy lifestyles. Vitamins such as A, C, D, E, K, and various B vitamins (including thiamine, riboflavin, niacin, pantothenic acid, biotin, B6, B12, and folate) are essential sources that contribute to enhancing overall health, mental well-being, and supporting the immune system in adults. These factors collectively drive the growth of the global vitamins market in the forecast period.

The children and teenager segment of the market is poised to experience substantial growth in the forecast period. This can be attributed to increasing awareness of the health benefits associated with vitamins in the diet, a growing emphasis on immunity boosters, and other factors driving market expansion. Vitamins play a crucial role in the growth and development of children and teenagers. For instance, vitamin D helps in maintaining strong bones and reducing bone loss, while vitamin A supports clear eyesight and other essential functions. B vitamins, on the other hand, assist in converting food into cellular energy, supporting overall cellular function and a healthy brain and nervous system. These factors collectively contribute to the growth of the children and teenager segment in the global vitamins market during the forecast period.

By Application

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. Various 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 global vitamins market during the forecast period. The food and beverages show a gradual increase in the market share of USD 22.33 billion in 2017. 

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During the forecast period, the pharmaceuticals and cosmetics segment of the market is projected to experience significant growth. Vitamins are widely used as dietary supplements in the pharmaceutical industry. Physicians often prescribe them as an adjunct medication for various conditions, ranging from mild illnesses to severe chronic diseases. Vitamins are believed to boost immunity, enhance well-being, and expedite recovery from illnesses. These organic substances are considered essential as they cannot be adequately synthesized within the human body or are synthesized in insufficient quantities for maintaining good health.

By Region

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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.  

Market Dynamics 

The market encompasses various industries, including food & beverages, animal feed, personal care, and pharmaceuticals & nutraceuticals. Essential vitamins like Vitamin A, B1, B2, B3, B5, B6, B7, B9, B12, D, E, and K, collectively known as B vitamins, play crucial roles in human health, from supporting digestion and immunity to maintaining mental health. With increasing awareness of health and wellness, the demand for vitamin supplements is on the rise, especially among populations with specific nutritional requirements, like post-menopausal women and those combating anemia. Major players in the market, such as DSM, are continuously innovating to meet these diverse needs. Our researchers analyzed the data with 2022 as the base year, along with the key trends and challenges. A holistic analysis of drivers, trends, and challenges will help stakeholders in the value chain refine their marketing strategies to gain a competitive advantage.

Significant Market Trends 

The increasing population of health-conscious consumers will fuel the market growth. Increasing health awareness among consumers is a positive trend that is expected to drive the growth of the market during the forecast period. As consumers become more health-conscious due to rising obesity rates and related diseases, they are seeking natural-based and low-fat, low-calorie food and beverage products. Market players are responding to this demand by offering products fortified with vitamins and minerals and with reduced fat and calorie content.

Health and wellness are increasingly popular among young consumers in the age group of 18-32 years. The global trend towards fitness activities is growing, and consumers are willing to pay a premium for food and beverage products that offer various functional benefits such as low fat and calorie content. The increasing demand for healthy food and beverage products is expected to drive the growth of the market during the forecast period.

Major Market Challenge 

The misleading advertisements and promotions by market players are a major challenge to market growth. The growth of the market is threatened by a significant challenge posed by misleading promotions and advertisements by market players. These players often collaborate with sports and film celebrities to endorse their products and create campaigns featuring these celebrities, which can influence consumers to make purchases under the impression that the products are healthy and safe.

Additionally, regulatory bodies provide guidelines that highlight various misleading claims supplement manufacturers make through advertisements, which can also impact consumer trust. As a result, these factors are anticipated to impede the growth of the market during the forecast period.

Key Market Customer Landscape

The industry research 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.

Global Market Customer Landscape

Vitamins Market Company Overview

Companies 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.

  • Key Offering- Alltech is a company that specializes in providing a range of vitamins, including the Dayalets tablet. They are known for manufacturing branded generic pharmaceuticals that cater to both established and emerging markets. In addition to vitamins, Alltech also offers a diverse line of pediatric and adult nutritional products.
  • Key Offering-  Basf company offers vitamins such as HIGH5 and Reflex Nutrition.

The vitamins market report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

  • 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

Qualitative and quantitative analysis of companies 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 companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Segment Overview

The market analysis report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the market growth and trends opportunities from 2017 to 2027. 

  • Application Outlook 
    • Food and beverages
    • Pharmaceuticals and cosmetics
    • Feed additives
  • End-user Outlook 
    • Adults
    • Children and teenager
    • Infants
  • Region Outlook 
    • 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

Market Analyst Overview

The market is a vital component of the healthcare industry, offering essential nutrients for maintaining optimal health. Vitamin E, Vitamin K, and Vitamin C are among the key vitamins that play crucial roles in various bodily functions. Companies like ADM and GlaxoSmithKline plc produce a range of vitamin supplements and pharmaceutical products, including Novatol Vitamin E 1490PH, Sensodyne, Panadol, and Voltaren. These products cater to specific health needs such as osteoporosis, osteoarthritis, and fibromyalgia, particularly in the post-menopausal female population. 

The market offers a diverse range of products sourced from both synthetic and natural origins to cater to various health needs. Brands like Centrum, Advil, and Caltrate provide comprehensive vitamin supplements tailored for different demographics and health concerns. Regulatory bodies such as the World Health Organization (WHO) and the Food and Drug Administration (FDA) play a crucial role in ensuring the safety and efficacy of women's health vitamin supplements.

 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 29.24 billion

Market structure

USD Fragmented

YoY growth 2022-2023(%)

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 companies, Market Positioning of companies, 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 Forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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

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

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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.

                INFORMATION 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

                DATA 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

                REPORT 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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                Key Questions Answered

                • What are the key global market and the regional market share?
                • What are the revenue-generating key market segments?
                • What are the key factors driving and challenging this market’s growth?
                • Who are the key market vendors and their growth strategies?
                • What are the latest trends influencing the growth of this market?
                • What are the variables influencing the market growth in the primary regions?
                • What are the factors influencing the growth of the parent market?

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