Market Insight

International Vitamins market is speculated at a noteworthy CAGR in between the forecasted period of 2019 and 2023. Those uninitiated Vitamins are the most crucial and essential nutrient that is needed among living organisms. With growing interest in the form of supplements, the market of vitamins has significantly grown. These are also hugely used as ingredients among different industries. With greater advancement and higher awareness, Vitamins Industry is expected to expand significantly during forecast year.

At the same time, growing health awareness and greater occurrence of diseases due to deficiency of vitamins are said to be among the prime reasons behind the growing market prospects. Growing demand for fortified food is also one of the prime factors behind the growing market of vitamin. Greater demand for fortified feed can also be stated as one of the important factors behind the growth of the global vitamin market. Moreover, vitamin is something that is considered equally crucial for people of all age groups.

Key Players

KONINKLIJKE DSM N.V. (The Netherlands), Glanbia PLC (Ireland), Archer Daniels Midland Company (US), BASF SE (US), Lonza Group (Switzerland), VITABLEND Nederland B.V. (The Netherlands), STERNVITAMIN GmbH & Co. Kg (Germany), FARBEST-Tallman Foods Corporation (US), ADISSEO France SAS (China) and Watson Inc. (US)

Segmentation

International Vitamins Industry can be segmented on product type, application, source, and region.

Based on type, the international vitamin market can be segmented into vitamin B, vitamin C, vitamin E, and others.

The international Vitamins Industry can be segmented based on source as well into natural and synthetic.

Regional Analysis

The North American market can be further classified into the US, Canada, and Mexico. Coming to European vitamin market, it can be further classified into Germany, France, Italy, Spain, UK, and the rest of Europe. Coming to the vitamins market in Asia-Pacific, it can be further divided into China, India, Japan, Australia & New Zealand, and the rest of Asia-Pacific. As far as vitamins market in the rest of the world is concerned, it can be segmented into South America, the Middle East, and Africa.

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