Vitamins – Insights
Vitamins are organic compounds that are essential for every organism in a small amount for proper growth and development of the body. Lack of these vitamins may led to various vitamins deficiency diseases and disorders such as night blindness, xerophthalmia and keratomalacia. Growing consumer awareness for various vitamins deficiency diseases across the world in turn is expected to boost growth of the global market for vitamins. These vitamins can be classified into two groups, namely water based and fat based. The Public Health Clinical Medicine and Social Policies, across the world are challenging for micronutrient deficiency due to lack of food security, monitoring and education in the developing and underdeveloped region.
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Regional Insights
North America, followed by Europe and Asia-pacific, respectively, accounted for major share in the global vitamins market in terms of revenue in 2016 and the trend is estimated to remain the same over the forecast period. In 2016, Asia Pacific held a share of 27.64% in terms of revenue, followed by Europe (28.10%). The growing demand for supplement diet in Asia Pacific due to rising public awareness coupled with growing retail and hospitality sector is expected to drive growth of the global vitamins market over the forecast period.
Market Dynamics
North America dominated the market in 2016 and the trend is expected to remain the same during 2017-2025. The increasing demand for vitamins in various end-use industries such as food & beverages and pharmaceuticals, due to rise in consumer awareness and stringent government regulations over following years is the major driving force to position North America as the largest region in the global vitamins market.
Market Taxonomy
This report segments the global vitamins market on the basis of source, product types, end use industry and distribution channel. On the basis of source types, the market is segmented as plant and animal source. On the basis of product type, the global vitamins market is segmented into vitamin A, vitamin B, vitamin C, vitamin D, vitamin E and vitamin K. On the basis of end use industry, the global vitamins market is segmented into food & beverages, personal care, animal feed, pharmaceuticals and others.
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Key features of the study:
This report provides in-depth analysis of the global vitamins market and provides market size (US$ Million) and Cumulative Annual Growth Rate (CAGR) (%) for the forecast period (2017 – 2025), considering 2016 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
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