Vitamin A Market
Market Overview:
The global Vitamin A market, in terms of revenue, was valued at USD 195.6 million in 2021, exhibiting a CAGR of 5.71% during the forecast period (2022-2030).
Market Trends:
The Vitamin A market is expected to witness high growth during the forecast period owing to rising health concerns among consumers and growing awareness regarding nutrition and healthy lifestyles. Additionally, the growing geriatric population is prone to Vitamin A deficiency, leading to vision problems, hence increasing the demand for vitamin supplements. Studies show that more than 30% of the global population takes vitamin supplements daily, indicating a rise in deficiency. Moreover, the expansion of retail channels such as online stores and hypermarkets has made vitamin supplements more accessible to consumers, supporting the growth of the market during the forecast period.
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Driver 1 – Growing awareness about the importance of Vitamin A for health will lead to growth of the Vitamin A market
Vitamin A plays a vital role in maintaining healthy vision, immune system, and cell growth. Deficiency of vitamin A can lead to symptoms such as night blindness, weakened immunity, and even increased mortality. With increasing disposable income, there is growing concern for the public’s health, which has led to increased focus on preventive healthcare. This has led to increased awareness about the importance of micronutrients such as vitamin A in the daily diet. Consumers are now willing to spend money on supplements and fortified foods that contain sufficient vitamin A. Nutrition education programs by governments and non-profit organizations in developing countries highlight the effects of vitamin A deficiency and urge people to consume abundant sources. Dietary guidelines by health organizations also recommend daily intakes, making the general public aware of the need for vitamin A. With increasing awareness, the demand for vitamin A-fortified products is steadily increasing, driving the overall market growth.
Opportunity 1 – Increasing commercial use of Vitamin A in animal feed and aquaculture opens new avenues
The use of Vitamin A in compound animal feeds and fish/shrimp farming is gaining momentum globally. Livestock, poultry and aquaculture farming contribute significantly to the world’s food supply, while uniform supplementation improves productivity, disease resistance and food safety. Vitamin A is essential for vision, cellular metabolism and immunity in production animals. Deficiency leads to poor growth and vulnerability to infections and mortality. Incorporating Vitamin A in a balanced feed improves yield and quality. Countries such as China, India, Brazil and Vietnam are major producers/consumers of seafood, meat and eggs. As the animal agriculture sector expands to meet the growing demand for protein, the commercial use of Vitamin A will increase proportionately, opening up new revenue channels. Vitamin A premix production and customized feed formulations offer great opportunities for industry players to capture significant market share. This will help counter the slowing household/retail growth rate in developed regions.
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Top companies profiled in the report:
★DSM
★ BASF SE
★Blue Star Adiseyo Co., Ltd.
★ Prinova Group LLC
★ Zhejiang NHU Co., Ltd.
★ Zhejiang Pharmaceutical Co., Ltd.
★ Provimi North America, Inc.
★ Kempex Netherlands BV
★ Xiamen Kingdomway Group Co., Ltd.
Market segmentation:
By product type:
★ By ingredient: natural and synthetic
★ By product type: food grade, feed grade, pharmaceutical grade
★ By form: powder and liquid
By application:
★ By application: Food & beverage, nutritional supplements, clinical nutrition, animal feed, personal care & cosmetics
The major regions/countries are categorized as follows:
» North America (USA, Canada, Mexico)
» Europe (Germany, UK, France, Italy, Russia, Spain, Rest of Europe)
» Asia Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia Pacific)
» South America (Brazil, Argentina, rest of South Africa)
» Middle East and Africa (Turkey, Saudi Arabia, Iran, UAE, Africa, Rest of Middle East and Africa)
The report provides insights into the following aspects:
Chapter 1 Research Scope
Chapter 2: Overview
Chapter 3: Vitamin A Market Competitive Landscape Analysis by Players
Chapter 4. Vitamin A Market Size Assessment by Type and Application
Chapter 5 Global and regional analysis
Chapter 6: Company Profile, Recent Developments, and Investments
Chapter 7 Analysis of Market Opportunities, Challenges, Risks and Impact Factors
Chapter 8: Value Chain and Sales Channel Assessment Including Breakthrough Product Developments
Chapter 9. Research findings and conclusions
Chapter 10: Methodology/Research Approach
The report also provides in-depth coverage of the competitive landscape, key players, trade patterns, industry value chain, recent news, policies and regulations. If you have any questions or require customization options, please feel free to contact us.
In summary, whether you are engaged in manufacturing, distribution, or investment within the Vitamin A sector, this report will provide you with valuable insights into market segments, drivers, challenges, investment prospects, regional trends, key players, growth strategies, prevailing trends, and obstacles impacting the expansion of the industry.
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Author Profile:
Priya Pandey is a dynamic and passionate editor with over 3 years of experience in content editing and proofreading. With a bachelor’s degree in Biotechnology, Priya has a knack for crafting engaging content. Her diverse background includes editing documents across various industries including Food & Beverage, Information & Technology, Healthcare, and Chemicals & Materials. Priya’s attention to detail and constant pursuit of excellence make her an invaluable addition to the world of content creation and refinement.
(LinkedIn https://www.linkedin.com/in/priya-pandey-8417a8173/)
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