Vitamins - Global Strategic Business Report

The global market for Vitamins was valued at US$8 Billion in 2024 and is projected to reach US$11.3 Billion by 2030, growing at a CAGR of 6% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.

Global Vitamins Market - Key Trends and Drivers

Vitamins are organic compounds that are essential for normal growth and development in living organisms. Typically, vitamins cannot be synthesized in sufficient quantities by the body and must be obtained from the diet or supplements. There are two types of vitamins: water-soluble, which includes all the B vitamins and vitamin C, and fat-soluble, which includes vitamins A, D, E, and K. These nutrients play critical roles in various bodily functions such as metabolism, immunity, and cell and tissue growth. One of the primary growth drivers for the vitamin market is the increasing global awareness of health and wellness, particularly following the global health crises such as the COVID-19 pandemic. People are more proactive about maintaining their health, boosting their immune systems, and preventing potential illnesses through dietary supplements. This health consciousness is especially prevalent among aging populations who are prone to nutritional deficiencies. The rise in preventive healthcare measures has consequently spurred the demand for dietary supplements, including those containing essential vitamins, across various age groups and demographics.

As consumers seek healthier food options that support their lifestyle and dietary needs, manufacturers are increasingly adding vitamins to everyday food products to enhance their nutritional value. This includes fortifying bread, milk, cereals, and even snacks with essential vitamins that may be lacking in the average consumer's diet. Fortification not only helps in addressing public health issues like vitamin deficiencies but also caters to the growing demand for functional and enriched foods.

The trend towards personalized nutrition is further reshaping the vitamin supplement industry. Advances in technology and medicine have led to a better understanding of individual nutritional needs based on genetics, age, health status, and lifestyle. This personalized approach has fostered the development of tailored vitamin supplements designed to meet the specific health requirements of an individual. As a result, there is a burgeoning market for customized vitamin blends and subscription-based supplement services, which provide consumers with tailored nutritional solutions, thereby driving further growth in the vitamins market.

Report Scope

The report analyzes the Vitamins market, presented in terms of market value (US$ Thousand). The analysis covers the key segments and geographic regions outlined below.

Segments

Type (Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, Vitamin K); Source (Synthetic, Natural); Application (Healthcare Products, Food & Beverages, Feed, Personal Care).

Geographic Regions/Countries

World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Vitamin B segment, which is expected to reach US$4.5 Billion by 2030 with a CAGR of a 6.3%. The Vitamin E segment is also set to grow at 5.4% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $2.1 Billion in 2024, and China, forecasted to grow at an impressive 9.3% CAGR to reach $2.7 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of major players such as ADISSEO France S.A.S, Archer Daniels Midland Company, BASF SE, Btsa Biotecnologias Aplicadas AS, Farbest Brands and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Vitamins Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Vitamins Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Vitamins Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Some of the 198 major companies featured in this Vitamins market report include:

• ADISSEO France S.A.S
• Archer Daniels Midland Company
• BASF SE
• Btsa Biotecnologias Aplicadas AS
• Farbest Brands
• Glanbia PLC
• Lonza Group Ltd.
• Rabar Pty., Ltd.
• Royal DSM NV
• Showa Denko K.K.
• SternVitamin GmbH & Co. KG
• The Wright Group
• Vitablend Nederland B.V.
• Watson, Inc.
• Zagro Asia Ltd.