Maximize Market Research's latest report, " Global Vitamin Supplements Market Global Demand Analysis and Opportunity Outlook 2027", offers a comprehensive analysis of the market. It provides market segments by type and shape, as well as end-user industries and regions.
Global Vitamin Supplements Market was valued US$ XX Mn in 2019 and is expected to grow US$ XX Mn by 2027, at a CAGR of XX% during the forecast period.
Global Vitamin Supplements Market Overview
Rising awareness about vitamins’ benefits, demand from the senior citizens, and surging healthcare costs are the key factors for the growth of the global vitamin supplements market. Additionally, numerous information sources, showing the favorable effects of vitamin supplements, are helping consumers in choosing the appropriate form of such products. Further, the knowledge of diseases caused because of vitamin deficiency is making consumers adopt vitamin supplements.
On the other hand, some studies have indicated that very high dose supplements, including vitamin E and beta-carotene (provitamin A), may be dangerous.
Global Vitamin Supplements Market Trend:
Nutritional product purchase via online shopping portals is trending nowadays
Websites like Amazon.com and Vitacost.com have grown-up in current years. The busy standard of living of the people is driving them to shop online broadly. On online platforms, consumers have access to product reviews and all the related information, and the trend is expected to demand for vitamin supplements. With the growing number of online shoppers and the online sales of nutritional products, including vitamin supplements, the vitamin supplements market is gaining significant traction.
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Global Vitamin Supplements Market Major Market Players
• NBTY Inc.
• Archer Daniels Midland Company
• Integrated BioPharma Inc.
• Herbalife Ltd.
• Bayer AG
• Royal DSM N.V.
• Pharmavite LLC
• E.I. du Pont de Nemours and Company
• Reckitt Benckiser Group PLC
• Glanbia PLC
• BASF SE
• Nutraceutical International Corporation
• Koninklijke DSM N.V.
• Nuleaf Naturals LLC
• Otsuka Pharmaceuticals
• NutraMarks Inc.
• Pharmavite LLC
• The Nature's Bounty Co.
• Abbott Laboratories
The Market Impact of COVID-19
The COVID-19 epidemic has quickly spreaded since its inception in Wuhan (China), in December 2019.
All around the globe. As of March 2020, the US and China were the most affected. The COVID-19 crisis has had a significant impact on many countries, resulting in travel bans or lockdowns. Industries. This outbreak has severely affected the global food and beverage industries.
This includes office closures, cancellations of technology events, and supply chain disruptions. China is the world's largest manufacturing country and has the largest number of raw material suppliers. COVID-19 has an adverse effect on overall production because it closes factories and creates supply chain challenges. Market growth.
Segmentation of Global Vitamin Supplements Market by Types and Applications:
In terms of the application, the healthcare industry led the vitamin supplements market in 2018, accounting for above one-third of the market share. The personal care industry is expected to advance at the highest CAGR throughout the estimated period.
The personal care industry has emerged as a noticeable end-user of vitamin supplement products. Vitamin C is one of the most usually used antioxidants in the production of skincare products. It offers the essential nutrients to the skin for protection from the sun and other harmful external elements, like pollution and smoking. Vitamin E is also used as a strong antioxidant for skin protection, thus, the rising skin care consciousness is helping the growth of the global vitamin supplements market.
Region-wise, the leading markets for vitamin-based products reside within the North American, representing a market share of XX% of industry participants and consumers and region also host a well-entrenched vitamin supplements and premixes industry, which aids the growth of the overall vitamins market. Also, the vitamin supplements market is the second-largest for Europe followed by North America.
In addition to the Asia Pacific region, and mainly China, hosts’ strong growth prospects for vitamin producers, given the consumer and industrial base for functional & fortified products in the region, along with the growing demand from other regions. China is among the largest producers of Vitamin C in the world, with the existence of global players, for example, DSM, ADM, and the Barentz group. A substantial percentage of these players have invested in upgrading their production facilities as per the capacity requirements and the essential to comply with the country’s strict environmental norms. DSM is among the largest international players in the country, it has recently announced a further round of upgrades to its vitamin C plant in Jiangshan, China, to gain a competitive edge in the market.
The report has covered the market size by country (regions) for the global Vitamin Supplements market. Segment by Application. The Vitamin Supplements Market is divided into the North America Europe, ASIA Pacific, Middle East & Africa. The report also includes market size estimates by region. 2019-2027 Forecasts and market size for each type and segment are included. Sales and revenue are included for the period 2019-2027.
Analysis of the Vitamin Supplements Market Share and Competitive Landscape:
This report provides a detailed analysis of the Global Vitamin Supplements Market for all stakeholders. . It also contains historical and forecasted market size information. Trends are also included in the report. The report is simple and simplifies complicated data using simple language. This report includes information on all aspects of the industry, as well as key players like market leaders, followers and new entrants. The report includes a PORTER, SVOR and a PESTEL analysis. The report also analyzes the potential market impact of microeconomic variables. This report examines both internal and external factors that can have a positive or negative effect on the business. This report will provide a clear view of the industry for decision-makers.
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