New Allied Market Research Report Highlights the Rapid Growth and Key Trends in the Vitamins Industry
According to a new report published by Allied Market Research, titled, “Vitamins Market,” The vitamins market size was valued at $28.8 billion in 2021, and is estimated to reach $59.2 billion by 2031, growing at a CAGR of 7.5% from 2021 to 2031.
๐๐๐ฏ๐๐ข๐ฅ๐๐๐ฅ๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ ๐ฐ๐ข๐ญ๐ก ๐๐ซ๐๐ฉ๐ก๐ฌ ๐๐ง๐ ๐ ๐ข๐ ๐ฎ๐ซ๐๐ฌ @ https://www.alliedmarketresearch.com/request-sample/A15101
Vitamins are essential for body development and the proper functioning of the body. Change in the food habits of consumers, busy & hectic life schedules, rise in employment levels, and rise in awareness regarding the health benefits of consuming vitamin supplements are some of the prominent factors that are expected to boost the global vitamins market growth in the forthcoming future. The busy & hectic schedule does not allow consumers to maintain a proper diet, which leads to the deficiency of essential nutrients in the body. Therefore, the consumption of vitamin supplements is rising rapidly among consumers to fulfill their daily nutrients & vitamin intake.
Manufacturers are changing their product branding & advertising strategies to accelerate their sales across various countries. Innovative strategies such as new product launches with natural ingredients and innovative packaging have been adopted by manufacturing companies to increase sales of nutraceutical products. As vitamins have become an integral part of lives, consumers prefer to use such products that are handy while traveling or attending social meetings. The use of natural sources for manufacturing vitamin products such as vitamin supplements, which do not have any adverse effect on skin & other body parts is a popular strategy of manufacturers to attract more customers. ongoing vitamins market trends is expected to create opportunities for manufacturers in the upcoming years. Collectively, all these strategies adopted by manufacturers drive the vitamin market growth.
Moreover, the rise in the geriatric population in developed and developing economies is expected to offer lucrative growth opportunities to the market players in the foreseeable future. The geriatric population is the major consumer of vitamin supplements to fulfill nutritional requirements and strengthen bones. and boost immunity. According to the United Nations by 2050, one in six people in the globe will be over age 65 years (16%), up from one in 11 in 2019 (9%). According to the U.S. Census Bureau, there were 54.1 million U.S. residents 65 years or older on July 1, 2019. Such a huge geriatric population and rise in vitamins market demand will provide a great opportunity for the market to grow.
According to the market analysis, the global vitamin market is segmented into source, type, application, and region. By source, the market is divided into plant, animal, and synthetic. Based on type, the market is divided into Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Vitamin K. By application, the market is divided into digestive health, immunity, mental health, cosmetics, performance, digestive disorders, menstrual health, pregnancy, sports & performance, and others. Region-wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, UK, Spain, Italy, rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, South East Asia and rest of Asia-Pacific), and LAMEA (Latin America, Middle East, and Africa).
Based on source, plant-based vitamins accounted for more than 30% of the vitamins market share, in terms of revenue, in 2021 as it is being widely consumed & popular among consumers. Plant-based vitamins are becoming more popular among consumers owing to the health benefits associated with naturally sourced vitamins. Consumer interest in plant-based and vegan products has increased significantly in recent years, and manufacturers are taking note. Developed economies have oriented toward plant-based vitamins owing to recent innovations and better quality over synthetic sources. with the increase in vitamins market opportunities, the manufacturer offers plant-based vitamins to gain a vegan consumer base. Plant-based vitamins are more effective than synthetic vitamins; hence, the market for plant-based vitamins industry has gained pace.
Based on type, The vitamin C segment led the market and accounted for 29.5% of the global vitamins market in 2021, and is expected to maintain its dominance during the forecast period. Vitamin C is essential to the normal function of the immune system, collagen synthesis, and skin health, and it boosts the immune system, and prevents high blood pressure, and heart diseases, apart from maintaining skin health. The health benefits associated with the consumption of vitamin C are expected to boost the growth of the market during the forecast period. In addition, after the pandemic, consumers are becoming more health conscious and inclined toward health-beneficial supplements which help to prevent colds.
๐๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ญ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ @ https://www.alliedmarketresearch.com/purchase-enquiry/A15101
Vitamins are essential micronutrients that our bodies need to function properly, but cannot produce in sufficient quantities. They play critical roles in numerous bodily processes, including metabolism, immunity, and cellular repair. Vitamins are categorized into two main groups: fat-soluble and water-soluble. Each vitamin has unique functions and dietary sources, and deficiencies or excesses can lead to various health issues.
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๐ ๐๐ญ-๐ฌ๐จ๐ฅ๐ฎ๐๐ฅ๐ ๐ฏ๐ข๐ญ๐๐ฆ๐ข๐ง๐ฌ ๐๐ซ๐ ๐๐๐ฌ๐จ๐ซ๐๐๐ ๐๐ฅ๐จ๐ง๐ ๐ฐ๐ข๐ญ๐ก ๐๐๐ญ๐ฌ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐๐ญ ๐๐ง๐ ๐๐๐ง ๐๐ ๐ฌ๐ญ๐จ๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐๐ฒ’๐ฌ ๐๐๐ญ๐ญ๐ฒ ๐ญ๐ข๐ฌ๐ฌ๐ฎ๐๐ฌ ๐๐ง๐ ๐ฅ๐ข๐ฏ๐๐ซ. ๐๐ก๐ ๐ฉ๐ซ๐ข๐ฆ๐๐ซ๐ฒ ๐๐๐ญ-๐ฌ๐จ๐ฅ๐ฎ๐๐ฅ๐ ๐ฏ๐ข๐ญ๐๐ฆ๐ข๐ง๐ฌ ๐๐ซ๐:
๐. ๐๐ข๐ญ๐๐ฆ๐ข๐ง ๐ (๐๐๐ญ๐ข๐ง๐จ๐ฅ)
– Functions: Essential for vision, immune function, and skin health.
– Sources: Liver, fish oils, carrots, sweet potatoes, and leafy green vegetables.
– Deficiency: Can cause night blindness and increase the risk of infections.
– Excess: May lead to toxicity, causing symptoms like liver damage and blurred vision.
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– Functions: Crucial for calcium and phosphorus absorption, bone health, and immune function.
– Sources: Sunlight exposure, fatty fish, fortified dairy products, and egg yolks.
– Deficiency: Can result in rickets in children and osteomalacia in adults.
– Excess: Can cause hypercalcemia, leading to kidney damage and cardiovascular issues.
๐. ๐๐ข๐ญ๐๐ฆ๐ข๐ง ๐ (๐๐จ๐๐จ๐ฉ๐ก๐๐ซ๐จ๐ฅ)
– Functions: Acts as an antioxidant, protecting cells from damage, and supports immune function.
– Sources: Nuts, seeds, vegetable oils, and leafy green vegetables.
– Deficiency: Rare but can cause nerve and muscle damage.
– Excess: Can interfere with blood clotting, increasing the risk of hemorrhage.
๐. ๐๐ข๐ญ๐๐ฆ๐ข๐ง ๐
– Functions: Essential for blood clotting and bone metabolism.
– Sources: Leafy green vegetables, broccoli, and Brussels sprouts.
– Deficiency: Can lead to excessive bleeding and bruising.
– Excess: Rare, but can interfere with anticoagulant medications.
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๐๐๐ญ๐๐ซ-๐ฌ๐จ๐ฅ๐ฎ๐๐ฅ๐ ๐ฏ๐ข๐ญ๐๐ฆ๐ข๐ง๐ฌ ๐๐ซ๐ ๐ง๐จ๐ญ ๐ฌ๐ญ๐จ๐ซ๐๐ ๐ข๐ง ๐ญ๐ก๐ ๐๐จ๐๐ฒ ๐๐ง๐ ๐ง๐๐๐ ๐ญ๐จ ๐๐ ๐๐จ๐ง๐ฌ๐ฎ๐ฆ๐๐ ๐ซ๐๐ ๐ฎ๐ฅ๐๐ซ๐ฅ๐ฒ ๐ข๐ง ๐ญ๐ก๐ ๐๐ข๐๐ญ. ๐๐ก๐ ๐ฉ๐ซ๐ข๐ฆ๐๐ซ๐ฒ ๐ฐ๐๐ญ๐๐ซ-๐ฌ๐จ๐ฅ๐ฎ๐๐ฅ๐ ๐ฏ๐ข๐ญ๐๐ฆ๐ข๐ง๐ฌ ๐๐ซ๐:
๐. ๐๐ข๐ญ๐๐ฆ๐ข๐ง ๐ (๐๐ฌ๐๐จ๐ซ๐๐ข๐ ๐๐๐ข๐)
– Functions: Important for collagen synthesis, antioxidant protection, and immune support.
– Sources: Citrus fruits, strawberries, bell peppers, and broccoli.
– Deficiency: Causes scurvy, characterized by bleeding gums, joint pain, and fatigue.
– Excess: Can cause gastrointestinal discomfort and kidney stones.
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– Functions: Play vital roles in energy production, brain function, and red blood cell formation. The main B vitamins include:
– B1 (Thiamine): Important for energy metabolism and nerve function.
– B2 (Riboflavin): Involved in energy production and skin health.
– B3 (Niacin): Supports digestive health, skin health, and nervous system function.
– B5 (Pantothenic Acid): Crucial for synthesizing coenzyme A and metabolizing carbohydrates, fats, and proteins.
– B6 (Pyridoxine): Important for amino acid metabolism and red blood cell production.
– B7 (Biotin): Essential for fatty acid synthesis and energy metabolism.
– B9 (Folate): Necessary for DNA synthesis and cell division, especially important during pregnancy.
– B12 (Cobalamin): Vital for nerve function, red blood cell formation, and DNA synthesis.
– Sources: Whole grains, meat, eggs, dairy products, legumes, nuts, and green leafy vegetables.
– Deficiency: Can lead to a range of issues such as anemia, neurological problems, skin disorders, and fatigue.
– Excess: Generally rare, as excess amounts are excreted, but high doses of certain B vitamins can cause adverse effects like nerve damage (B6) or skin flushing (B3).
๐๐๐๐ญ ๐๐จ๐ฎ๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ @ https://www.alliedmarketresearch.com/request-for-customization/A15101
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A balanced diet typically provides adequate vitamins for most people. However, certain populations, such as pregnant women, the elderly, vegans, and individuals with specific health conditions, may require vitamin supplements to meet their nutritional needs. It’s important to consult a healthcare professional before starting any supplementation to avoid potential adverse effects from excess intake.
Vitamins are crucial for maintaining overall health and preventing various diseases. Adequate intake through a balanced diet, and supplements when necessary, ensures the body functions optimally and remains resilient against illnesses.
Region-wise, North America was the largest market in 2021 and had the highest market share of 38.6%. Companies operating in the North America vitamins market are offering innovative products to sustain in the competitive market. They are launching new products to expand their business operations across different countries in this region and increase their customer base. High spending capabilities of individuals, owing to an increase in disposable income and economic stability are some of the major driving factors for the North America vitamins market. In addition, change in the lifestyles of individuals also contributes to an increase in the consumption of vitamins in North America.
Some of the key players profiled in the vitamins market analysis include Adisseo, Archer Daniels Midland Company, BASF SE, BROTHER ENTERPRISES HOLDING CO., LTD, Farbest Brands, Glanbia PLC, Jubilant Bhartia Group, Koninklijke DSM N.V., Lonza, Stern Wywiol Gruppe, Vertellus, Vitablend Nederland B.V., Wright Enrichment Inc, Zagro, and Zhejiang Garden Bio-chemical High-tech Co., Ltd
ยซ ยป ๐๐๐ฒ ๐ ๐ข๐ง๐๐ข๐ง๐ ๐ฌ ๐จ๐ ๐ญ๐ก๐ ๐๐ข๐ญ๐๐ฆ๐ข๐ง๐ฌ ๐๐๐ซ๐ค๐๐ญ
– Based on the source, the animal segment is projected to witness the highest CAGR of 7.5%, in revenue terms, during the forecast period.
– Based on type, the vitamin B segment is expected to grow at a significant CAGR during the forecast period.
– Based on application, the menstrual health segment is projected to witness the highest CAGR of 9.5%, in revenue terms, during the forecast period.
– Based on country, the U.S. was the largest country, in terms of revenue generation for the vitamins market in 2021.
– Based on region, Asia-Pacific is anticipated to witness the highest growth rate, registering a CAGR of 8.1% from 2022 to 2031.
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