Vitamins Market Share, Growth Forecast- Global Industry Outlook
According
to the current analysis of Reports and Data, the Global Vitamins
market was valued at USD 5.1 Billion in 2018 and is expected to
reach USD 10.12 Billion by year 2026, at a CAGR of 7.3%. Vitamins are widely
used as dietary supplements. They are commonly prescribed by physicians as a
medication for mild illness to severe chronic illnesses. It is believed that
they help in enhancing immunity, improve wellbeing and aid in faster recovery
of the illness. They are organic substances that must be provided in small
quantities from environment, because they either cannot be synthesized in human
body or their rate of synthesis is inadequate for maintenance of health. They
are also self-prescribed by healthy people for enhancing their health,
supplementing nutrition and prevention of minor ailments. It has been reported
that these ingredients are one of the most common types of dietary supplements
in the United States.
The
COVID-19 pandemic has drastically altered the sectors of all the industry
verticals across the world and has dynamically changed the economic scenario of
the Vitamins market. The report is furnished with extensive data on the market
scenario and financial structure owing to the coronavirus pandemic. The report
provides substantial data about the present and future impact of COVID-19 on
the market. The report covers extensive analysis of present and future trends
and the factors that are likely to influence the growth of the market in a
post-pandemic scenario.
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The
report aims to help readers and users improve their business performances by
providing insightful data about the business sphere, such as recent
technological development, product advancements, adoption of strategic business
steps, and new processes. The report is formulated through exhaustive primary
and secondary research which is verified and validated by industry experts,
efficient analysts, and professionals.
The
report offers an extensive analysis of the competitive landscape along with
business overviews, expansion plans, and strategic alliances such as mergers
and acquisitions, joint ventures, collaborations, product and brand promotions,
government and corporate deals, and partnerships, among others.
Leading Players Analyzed in the Report:
Archer
Daniels Midland Company, BASF SE, Btsa Biotecnologías Aplicadas AS, Farbest
Brands, Glanbia PLC, Lonza Group Ltd., Rabar Pty., Ltd., Royal DSM NV, Showa
Denko K.K, Pharmavitte and others
Segmentation based on Type:
Vitamin
B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, Vitamin K
Segmentation based on Application:
Healthcare
Products, Food & Beverages, Feed, Personal care products
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Key Regions Studied in the Report:
·
North America (U.S.,
Canada)
·
Europe (U.K., Italy,
Germany, France, Rest of EU)
·
Asia Pacific (India,
Japan, China, South Korea, Australia, Rest of APAC)
·
Latin America (Chile,
Brazil, Argentina, Rest of Latin America)
·
Middle East & Africa
(Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The
Global Vitamins Market imparts a deeper understanding of the Vitamins market by
providing a panoramic view of the industry vertical. Furthermore, to offer a
better understanding of the competitive landscape, extensive SWOT analysis and
Porter’s Five Forces analysis are included in the report. Along with this,
feasibility analysis and investment return analysis are also covered in the
report.
Further,
the report is fragmented on the basis of product types offered in the market,
application spectrum, and key regions of the Vitamins market. The segments are
studies based on current and emerging trends in the Vitamins market. The
regional segment covers the key regions such as North America, Europe, Asia
Pacific, Latin America, and Middle East and Africa. The regions are studied for
the production and consumption patterns, import/export analysis, supply and
demand ratio, market share and size based on volume and value, trends and
demands, revenue share, and presence of the key players of the market.
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