New Study on Global Vitamins and Derivatives Market Covers Drivers and Growth Trends during 2017 to 2026

Posted on 2018-11-06 by Mark Hub in Food & Beverage // 0 Comments

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CITY, Country, 2018-Nov-06 — /EPR Network/ —

Increasing level of awareness about consuming healthy food, especially among aging population is driving the demand for food products with vitamins and derivatives. Consumption of such products has also increased in emerging economies such as China, India and Brazil. Regular intake of vitamins and derivatives is extremely important for proper development and functioning of the health. Vitamins are added to a wide range of healthcare products, which continue to witness an uptrend owing to their growing importance in the fast-paced life of a modern consumer. At the same time, increased consumption of vitamin supplements and desires of having enhanced physical appearance has led to a greater demand for vitamins and derivatives globally. Fact.MR’s recently published report reveals that the global vitamins and derivatives market will exhibit a steady growth during the forecast period (2017-2026). In terms of volume, the market is expected to reach 165,075 tons by 2026-end. In recent years, trend of leading a healthier and active life has become more prominent, which is fueling the demand for functional food.

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According to a new report published by Fact.MR, the global vitamins and derivatives market is expected to surpass 165,000 tons by the end of 2026 in terms of volume. During the forecast period (2017-2026), the market is projected to exhibit a CAGR of 3.5% in term of value. Rising health awareness among consumers, increasing demand for healthy and functional food, expanding geriatric population are some of important factors likely to influence the global consumption of vitamins and derivatives during the review period. Moreover, increased demand for products with higher nutritional content is expected to reflect favorably on the market. In has been observed that, use of vitamin supplements has grown notably in the countries such as Brazil, China, Philippines and India, which has propelled the market further.

Sufficient intake of vitamins and derivatives is important for maintaining a healthy body and preventing diseases that occur primarily due to weakness or malnourishment. Vitamins and derivatives are being added to a variety of food products owing to rapid consumer inclination towards product that are healthy. Also, changing lifestyle and emerging fast-food culture is making intake of dietary supplements essential to ensure balance diet. Growing importance of maintaining a healthy lifestyle is also driving the demand for vitamin supplements. Modern consumers want to lead a healthy and active life and thereby seek food products that can help them achieve their daily dietary goals.

Use of vitamins and derivatives is also increased in pharmaceutical products as they have the potentials of curing various metabolic syndrome diseases. Increased emphasis on towards preventive healthcare is fueling demand for value-added products. Vitamins and derivatives are available in the form of gummies and softgels, capsules, tablets, oral liquid, and powder.

Key Insights from the Report Include:

Based on target group, the adult women segment is expected to hold its dominant position over 2026. The segment currently represents for more than 51% revenue share of the global market and expected to exhibit a CAGR of 2.8% during the assessment period
Consumption of vitamins and derivatives is relatively higher among adult women. This is primarily owing to a greater need for nutrition in adult women. Moreover, women all over the world are becoming increasingly conscious about their health and wellbeing.
Among regions, North America is expected to dominate the global vitamins and derivatives market in 2018, and the trend is likely to continue throughout the forecast period.
On the basis of product type, the Vitamin B segment is expected to remain highly attractive in 2018 and beyond. Currently, the segment is command for over one-fourth revenue share of the global market and expected to reach a market valuation in excess of US$ 7,300 Mn by the 2026. Over the course the forecast period, the segment is anticipated to grow by US$ 297.7 Mn annually.
On the basis of end use industry, the food and beverage segment is likely to retain its top position over 2026. By the end of 2026, this segment is estimated to surpass a market valuation of US$ 6,900 Mn, reflecting an above-average CAGR.

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Food & Beverage Will Remain the Largest End-Use Industry

Use of vitamins and derivatives is significantly high in the food and beverage industry. This is primarily owing to increasing consumer preference for food and beverage product that have high nutritional content and are healthy. By 2026-end, more than US$ 6,900 Mn worth vitamins and derivatives are expected to be used in the food and beverage industry.

Competition Tracking

Some of the leading players operating in the global vitamins and derivatives include Amway, Herbalife, Glanbia PLC, ADM, DSM, Abott Laboratories, GlaxoSmithKline, Glanbia, Bayer, Pfizer, Jubilant Life Sciences Limited, Lonza Group Ltd, Atrium Innovations, Inc., Sanofi, Schiff Nutrition International, Inc, BoehringerIngelheim Consumer Health Care, Fermenta Biotech Ltd., CSPC Pharmaceutical Group Limited, Bactolac Pharmaceutical, Inc., and Adisseo France S.A.S.

Table of Content:

Global Economic Outlook
Global Vitamins and Derivatives Market – Executive Summary
Global Vitamins and Derivatives Market Overview
3.1. Introduction
3.1.1. Global Vitamins and Derivatives Market Taxonomy
3.1.2. Global Vitamins and Derivatives Market Definition
3.2. Global Vitamins and Derivatives Market Value (US$ Mn) and Volume (Tonnes) Forecast, 2012-2026
3.2.1. Global Vitamins and Derivatives Market Y-o-Y Growth
3.3. Global Vitamins & Derivatives Market Dynamics
3.4. Value Chain
3.5. Consumer Trend Analysis
3.6. Trade Analysis
3.7. Regulations
3.8. Product Innovations
3.9. Product Life Cycle
3.10. PESTLE Analysis
3.11. Key Participants Market Presence (Intensity Map) By Region
Global Vitamins and Derivatives Market Analysis and Forecast 2012-2026
4.1. Global Vitamins and Derivatives Market Size and Forecast By Product Type, 2012-2026
4.1.1. Vitamin B Market Size and Forecast, 2012-2026
4.1.1.1. Revenue (US$ Mn) Comparison, By Region
4.1.1.2. Market Share Comparison, By Region
4.1.1.3. Y-o-Y growth Comparison, By Region
4.1.2. Vitamin D Market Size and Forecast, 2012-2026
4.1.2.1. Revenue (US$ Mn) Comparison, By Region

Continued……………..

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