Vitamins and Derivatives Market Showcases Positive Demand for Major Product Categories during forecast period

Posted on 2019-04-03 by Mark Hub in Food & Beverage // 0 Comments

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The scope of Fact.MR’s report is to analyze the global vitamins and derivatives market for the forecast period 2017-2022 and provide readers an unbiased and accurate analysis. Medical device manufacturers, research institutes, and raw material suppliers in the global vitamins and derivatives market can benefit from the analysis offered in this report. This report offers a comprehensive analysis, which can be of interest to leading trade magazines and medical journals pertaining to vitamins and derivatives.

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Growth of the global vitamins and derivatives market is expected to remain affected by key factors such as rising prevalence of chronic ailments, alleviated demand for effective drugs & technology, new product developments, and rising investments by leading market players in R&D activities. This Fact.MR report analyzes the expansion of global vitamins and derivatives market till date, and provides key insights on the growth of the market during the forecast period, 2017-2026.

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.

North America to Remain the Most Attractive Market for Vitamins and Derivatives

The market in North America is expected to remain highly lucrative for vitamins and derivatives throughout the assessment period. The region’s market is projected to exhibit a steady CAGR between 2017 and 2026. Use of vitamins and derivative supplement is significantly high in the region. Americans are increasingly inclining towards such products to ensure a balanced diet.

Vitamin B a Leading Product Type

Use of vitamin B is significantly high across the globe. Vitamin B finds application in manufacturing of various function food, cosmetics, and dietary supplements. The global sales of vitamin B currently represents for more than one-fourth share of the market in terms of revenue. Towards the end of 2026, nearly US$ 7,355.2 Mn worth vitamin B is expected to be sold worldwide.

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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.

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