Vitamins Market is estimated to be US$ 12.42 billion by 2030 with a...

Vitamins Market is estimated to be US$ 12.42 billion by 2030 with a CAGR of 7.8% during the forecast period

Сообщение 2023-09-13 09:37:34

The Vitamins Market is a thriving global industry driven by growing health-conscious consumer trends. Essential for maintaining overall well-being, vitamins play a pivotal role in nutrition and dietary supplements. With an increasing emphasis on preventive healthcare, the vitamins market encompasses a wide range of products tailored to meet specific health needs, providing consumers with a diverse array of options to support their nutritional requirements. This dynamic market continues to evolve with innovations in formulations and delivery methods, making it a key player in the broader wellness and healthcare sectors.

The report “Vitamins Market, By Type (Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, and Vitamin K), By Application (Healthcare Products, Food & Beverages, Feed, and Personal Care Products), By Source (Synthetic and Natural) and By Region (North America, Europe, Latin America, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030”

Key Development:

In January 2021, vit health, LLC is pleased to announce the availability of its first vitamin and supplement line, vit, on Amazon. All five of vit's benefit-focused products, which have been in the works for over a year, contain pure and quality ingredients in plant-based softgels, a $10 price point for a 30-day supply, and a single-pill daily dosage, aiming to lower the barrier to entry for nutrient supplementation.
In May 2021, NewAge, Inc., the Colorado-based organic and healthy products company intending to become the world’s leading social selling and distribution company announced today the launch of Nutrifii Kids™ Chewable Multivitamin, a daily supplement for support of the healthy development and immune systems of children and adolescents.

Analyst View:

The vitamins market is poised for sustained growth driven by rising awareness of health and wellness, coupled with an aging global population. The ongoing demand for immune support and preventative healthcare, underscored by the events of recent years, positions vitamins as essential commodities. Furthermore, the industry's adaptability and capacity for innovation, such as personalized nutrition and novel delivery systems, are likely to fuel its expansion and ensure its resilience in the face of evolving consumer preferences and health trends.

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Competitive Analysis:

The key players operating the global Vitamins market includes Koninklijke DSM N.V., Glanbia PLC

ADM, BASF, Lonza Group, Vitablend Nederland B.V., Sternvitamin GmbH & Co. Kg, Farbest-Tallman Foods Corporation, Watson Inc., and Zagro.

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