Global vitamin ingredient market reached USD 5.9 billion in 2016 and expected to reach USD 8.5 billion by 2024, registering a CAGR of 5.0% over the forecast period i.e. 2016-2024

1. Report Code :FB 1002
2016-2024
Global Vitamin Ingredients Market Outlook 2024: Global Opportunity & Growth
Analysis, 2016-2024
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2. XX%
XX%
XX%
XX%
XX%
2016
North America Europe Asia-Pacific Latin America Middle East & Africa
XX%
XX%
XX%
XX%
XX%
2024
Source: Goldstein Research
In 2016, Animal Feed accounted for the highest market share
XX%in Vitamin Ingredients Market
2016 2017 2018 2019 2020 2021 2022 2023 2024
Global Vitamin Ingredients Market Size USD (Billion). 2016-2024
XX%
CAGR: (2016-2024)
Global Vitamin Ingredients Market Share(%), By Region-2016-2024
With XX% share in 2016, North America region dominated the
collective Global Vitamin Ingredients Market
xx%
xx%
xx%
xx%
XX%
Pharmaceuticals
Food and beverage
Cosmetics
Animal feeds
Others.
Source: Goldstein Research
XX%
XX%
XX%
XX%
Pills Powders
Creams Liquids
Source: Goldstein Research
Global Vitamin Ingredients Market Share(%), By
Mode of Consumption-2016
Global Vitamin Ingredients Market Share(%), By
Application-2016
Global Vitamin Ingredients Market Share(%), By
Products -2016
XX%
XX%
XX%
XX%
XX%
XX%
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
Source: Goldstein Research
Source: Goldstein Research
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Executive SummarySample Request

3. Key Findings
 In 2016, Pills market of mode of consumption of vitamins ingredient market accounted for nearly XX% of the total Global
Vitamin Ingredients market and remaining XX% went for different segments such as power, liquid and cream. The main
reason for this despaired share is due to the rising demand conveineint supplements and popularity of pills among ageing
population
 However, growing ageing population and diseases such as diabetes in developing regions such as India and China is
projected to increase the adoption rate of dietary supplements XX% in 2024 XX% in 2016 in Asia-Pacific region. Countries
such as Japan, South Korea, Australia and Singapore together will account for XX% revenue share of Asia-Pacific vitamin
ingredients market in 2024
 As a result, if seen from the big market point of view, blood glucose monitoring devices demand is higher in homecare
settings followed by diagnostic laboratories. Moreover, the rising healthcare expenditure in Africa on the back of new
healthcare reforms and rising investment in healthcare sector is expected to bolster the growth of point of care testing
devices in Africa & Asia-Pacific region
 With USD XX billion in 2016, Pills has the highest demand followed by Power vitamin ingredient and liquid vitamin
ingredients. Rising personal disposable income and improving economic conditions in developing countries are fueling
market growth and encouraging the launch of new products. Several new players are expected to enter this market in the
coming years owing to the huge growth potential
 Further, increasing spending by government authorities on research and development of suitable vitamin supplements is
likely to boost the business expansion of vitamin ingredients
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Global sales of Vitamins based Nutritional Products (Million Units), By End-User
2016
2024
XXXX (Million Units)
XXXX (Million Units) XXXX (Million Units)
XXXX (Million Units)
Men Women

4. Major Players/
Industries
North America APAC Europe Latin America
Middle East &
Africa
ROW
BASF
Bayer
Amway
DSM
Dupont
Lonza
AIE
Pharmaceuticals
Sysmex
High Penetration Medium Penetration Low Penetration
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Major Players Presence-Regional AnalysisSample Request

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Global Vitamin Ingredients Market Size (USD Billion) & Growth Analysis
 Asia-Pacific vitamin ingredients market is anticipated to expand at a compound annual growth rate of XX% during the
forecast period i.e. 2016-2024. Further, adoption of vitamin ingredients in the region is increased from XX% in 2015 to
XX% in 2016
 North America vitamin ingredients market valued XX billion in 2016, owing to the growing health awareness and
rising geriatric population
 Increasing awareness towards the benefits of vitamin intake among pregnant women and children boosted the
market penetration across various geographies. However, rising vegan population is suppressing the growth of
supplements such as fish oil
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Source: Goldstein Research Source: Goldstein Research
Global Vitamin Ingredients Market Size (USD Billion)-2016-
2024
Global Vitamin Ingredients Market Y-O-Y Growth (%) Analysis-
2016-2024

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Global Vitamin Ingredients Market Overview, By Region and Market Players-2016
XX%
XX%
XX%
XX%
XX%
North America
Europe
Asia-Pacific
Latin America
Middle East & Africa
Global Vitamin Ingredients Market Share (%), By
Region, 2016
XX%
XX%
XX%
XX%
XX%
XX%
8%
9%
5%
BASF
Bayer
Amway
DSM
Dupont
Lonza
AIE
Pharmaceuticals
Sysmex
Others
Global Vitamin Ingredients Market Share (%), By
Players, 2016
Source: Goldstein Research Source: Goldstein Research
 Rising acceptance towards the vitamins added cosmetic products is boosting the growth of vitamin ingredients
market. Major market players are focusing on developing effective nutrient source and launch of new products to
expand the business across the globe
 Extensive utilization of vitamins in the manufacturing of animal feed and premixes to ensure the health of animals and
the in maintaining quality of products. The demand for animal feed supplements is increasing due to the mounting costs
of raw material and the growing demand for high-quality cattle products such as meat and milk mainly in developing
economies
 Adoption rate of vitamins in animal feed products is increased by XX% in 2016 as compared to 2015 and is expected to
hold major share of vitamin ingredients market

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Market Dynamics
General Trend
Vitamin Ingredients Demand
Highly Complex Moderately Complex Waived
Growing trend of
dietary
supplements
Consumption
of liquid
supplements
Changing
lifestyle
Growth Drivers
Stringent
Government
Regulations
Awareness
towards
overdose of
dietary
supplements
Lack of
awareness
Growth Barriers
Sample Request

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Market Drivers
Growing awareness about the health benefits of vitamin supplements
 Doctors are prescribing intake of supplements such as vitamin A, C, D, and E, B-
complex vitamins, and multivitamins as an important part of good health for ageing
people. Vitamin D supplements are gaining lucrative market opportunities among
breastfeeding and pregnant women for the better health of their children
 Rising awareness about the importance of nutritional medication and need for
micronutrients among customers is propelling the demand for Vitamin B in the
food, healthcare and animal feed industry. Growing demand for Vitamin B and
Vitamin B complex in sports drinks will enhance the growth opportunities for
Vitamin B ingredient segment in the near future
 Moreover, the growing demand for cosmetic surgeries in developing nations on the
basis of factors such as changing lifestyle of the population and rising personal
disposable income in developing nations further boost the demand for vitamin
ingredients market.
 Developing countries such as India, Indonesia, Vietnam and Malaysia are expected
to witness lucrative market opportunities
International vitamin corporation, a U.S based company has acquired Perrigo’s US
vitamins and mineral supplement business for the innovations of different vitamin
products
Impact Analysis:-
 Rising Ageing Population and Growing Prevalence of
Diabetes are leading to advanced researches and
investments in R&D sector leads to develop advance
supplements for as nutritional source which further
expected to fuel the growth of vitamin supplements
market
 Nutritional Dietary supplements helps in providing
better health and prevent the diseases by fulfilling the
vitamin requirement of body. These factors expected to
exhibit a positive growth in vitamins ingredients market
High Medium Low
Impact on Vitamin Ingredients Market
XX%
XX%
Men
Women
Adoption Rate (%), 2016
Source: Goldstein Research

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Market Restraints
Rural population, unawareness & deprived of healthcare services in
rural regions
 The rural population of the world is more than the half of the total
population (52%), whereas 48% population are living in urban areas
 Lack of awareness towards dietary supplements in rural regions is
hindering the growth of vitamin ingredients market at a large scale.
 Absence of convenience & less disposable income in rural regions
across the globe are restraining the demand for vitamin ingredients
market
 Population living below poverty line across the globe are not even
aware about the availability of the vitamins and dietary
supplements
Impact Analysis:-
 The population living in rural areas across the globe are
unable to get vitamin supplements due to less disposable
income are some of the factors which is restraining the
growth of vitamin ingredients market
 Many regions across the globe are underdeveloped and
viewing low economies . These regions are unable to
embrace advanced nutritional and dietary supplements
which is curbing the growth of global vitamin ingredients
market
High Medium Low
Impact on Vitamin
Ingredients Market
Decline Rate (%) in the Adoption Rate of Dietary Supplements,
2015-2016
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2015 2016
Source: Goldstein Research
XX
XX
XX
XX
XX China
India
Germany
Russia
South Africa
Source: World Bank Data
Rural population (%) of the total population(%)- By Countries
Sample Request

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Global Vitamin Ingredients Market Share (%), By Product Type, 2016-2024
Global Vitamin Ingredients Market Share (%), By Product Type, 2016-2024
XX%
XX%
XX%
XX%
XX%
7% XX%
XX%
XX%
XX%
XX%
XX%
Vitamin A Vitamin B
Vitamin C Vitamin D
Vitamin E Vitamin K
Source: Goldstein Research
 Vitamin B ingredients market is expected to expand at a CAGR of XX% during the forecast period i.e. 2016-2024. High
health benefits and effectiveness in preventing number of disease such as scurvy, osteoporosis etc is likely to expand
the demand for Vitamin B ingredients
 Rising prevalence of diseases such as diabetes, Alzheimer and cancer is increasing the necessity for the intake of
vitamins to balance body nutrients and prevent the occurrence of diseases
 Global diabetic population reached to XX Billion in 2016, in which Asia-Pacific alone holds XX% of the diabetic
population ratio across the globe. China holds top rank in terms of diabetic population, reached XX billion in 2016. This
is increasing the demand for vitamin supplements in Asia-Pacific region
2016
2024

11. Global Vitamin Ingredients Market Attractiveness & BPS Analysis, By Product
Type-2016-2024
XX% XX%
XX% XX%
XX%
XX%
XX%
XX%
XX% XX%
XX% XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2016 2024
Vitamin A` Vitamin B Vitamin C Vitamin D Vitamin E Vitamin K
Source: Goldstein Research Source: Goldstein Research
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Vitamin A Vitamin B Vitamin C Vitamin D Vitamin K
Vitamin K
 According to the above graph, Vitamin B ingredients and Vitamin C ingredients market is anticipated to be the most
attractive market across the globe in overall vitamin ingredients market for new entrants looking to enter in the market,
existing players looking for business expansion and investors seeking investment opportunities over the forecast period
i.e. 2016-2024. Rising utilization of vitamin B in animal feed is majorly driving the growth of vitamin ingredients market
 On the other hand, availability of substitute for vitamins such as fish oils and other source of vitamins is hindering the
growth of the vitamin ingredients market
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX XX XX XX XX XX XX

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Global Vitamin Ingredients Market Share (%) on the Basis of Application, 2016-
2024
Application 2016 2017 2018 2019 2020 2021 2022 2023 2024 CAGR
Pharmaceut
icals
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XX%
Food and
Beverages
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XX%
Cosmetics XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XX%
Animal
Feeds
XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XX%
Others XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXX XX%
Source: Goldstein Research

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Belarus Vitamin Ingredients Market Size (USD Billion) & Y-O-Y Growth Analysis
 Belarus vitamin ingredients market is anticipated to expand at a compound annual growth rate of XX% during the
forecast period i.e. 2016-2024. Further, rising adoption of vitamin ingredients for various applications in the region is
increased from XX% in 2015 to XX% in 2016
 Eastern Europe witnessing tremendous growth and demand for dietary supplements owing to the fast changing
lifestyle and inclination towards the healthy and nutritious diet
 On the other hand, lack of harmonization between all member states of European Union in terms of the use of several
ingredients may likely to obstruct the growth for vitamin ingredient market in the region
XX
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XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
XX
2016 2017 2018 2019 2020 2021 2022 2023 2024
XX%
XX%
XX%
XX% XX%
XX%
XX%
XX% XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2016 2017 2018 2019 2020 2021 2022 2023 2024
Source: Goldstein Research Source: Goldstein Research
Belarus Vitamin Ingredients Market Size (USD Billion)-2016-
2024
Belarus Vitamin Ingredients Market Y-O-Y Growth (%)
Analysis-2016-2024

14. Europe Vitamin Ingredients Market Attractiveness & BPS Analysis, By Country
Type-2016-2024
CAGR(%)
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
2016 2024
Western Europe Eastern Europe
Source: Goldstein Research Source: Goldstein Research
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 According to the above graph, Western Europe market is anticipated to be the most attractive market across the
globe in overall vitamin ingredients market for new entrants looking to enter in the market, existing players looking
for business expansion and investors seeking investment opportunities over the forecast period i.e. 2016-2024
 Change in consumer behavior towards nutrition choice is increasing the demand for dietary supplements in
Eastern European countries. Growing popularity of multivitamins among population ageing above 50 years mainly
in country such as Romania, Belarus, Bosnia-Herzegovina and Russia is expected to boost the growth of vitamin
ingredients market in Eastern European countries
Market Size (USD Billion)
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX%
XX XX XX XX XX XX XX XX XX XX XX
Western Europe Eastern Europe

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