What Has Been The Evolution of the Vitamin Ingredients Market in Recent Years?
The vitamin ingredients market has seen considerable growth due to a variety of factors.
• The market size of vitamin ingredients has exhibited a robust growth in the past years. The market's size is expected to rise from $5.27 billion in 2024 to $5.58 billion in 2025, with a compound annual growth rate (CAGR) of 5.9%. The significant growth during the historical period can be credited to the rising public health consciousness, growing elderly population, varied food preferences, increase in chronic health issues, a burgeoning fitness and wellness culture, consumer inclination towards natural components, boost in food and beverage fortification, globalisation of dietary practices, expansion of the nutraceuticals industry, and numerous clinical researches and health studies.
How Will the Vitamin Ingredients Market Size?
The Vitamin Ingredients market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for vitamin ingredients is predicted to experience robust expansion in the upcoming years. It is anticipated to inflate to $7.07 billion by 2029, with a compound annual growth rate (CAGR) of 6.1%.
Factors propelling the growth during the forecast period include the advent of personal supplements, increasing popularity of vegan and plant-based diets, the study of nutrigenomics and nutrigenetics, nutritional solutions for the elderly, the rise of functional foods market, public health initiatives by the government, and the incorporation of vitamins in functional beverages. The key trends to watch during the forecast period range from vitamin D supplementation and tailor-made vitamin combinations to clean and natural sourcing, breakthroughs in delivery formats, digital health and personalized nutrition applications, and environmentally-friendly sourcing methods.
Which Factors Are Boosting Growth In The Vitamin Ingredients Market?
The expected escalation in the prevalence of chronic medical conditions is predicted to drive the expansion of the vitamin ingredients market. Chronic conditions are those that persist for over a year and necessitate continuous medical care. To combat such diseases, it's essential to maintain a sufficiently nutritious system, which is where vitamin ingredients come into play. These ingredients aid in minimizing chronic inflammation caused by non-communicable illnesses, including diabetes and obesity. Consequently, as the occurrence of chronic medical diseases increases, so will the need for vitamin ingredients. For example, in September 2023, as per the World Health Organization (WHO), a Switzerland-based global public health entity, chronic diseases account for the deaths of 41 million individuals worldwide each year. Among them, 17 million succumb to these diseases before reaching the age of 70. A majority, 77% of deaths related to these diseases occur in low- and middle-income countries. Thus, the rising prevalence of chronic medical conditions will steer the vitamin ingredients market towards growth.
What Key Areas Define The Segmentation Of The Global Vitamin Ingredients Market?
The vitamin ingredients market covered in this report is segmented –
1) By Source: Natural, Synthetic
2) By Type: Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K
3) By Form: Solid, Liquid, Powder
4) By Application: Pharmaceuticals, Foods And Beverages, Personal Care Products, Animal Feed, Other Applications
Subsegments:
1) By Natural: Plant-Based Vitamins, Animal-Based Vitamins, Fermentation-Derived Vitamins
2) By Synthetic: Chemically Synthesized Vitamins, Semi-Synthetic Vitamins, Vitamins Produced Via Biotechnology
Pre-Book The Vitamin Ingredients Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
How Are Emerging Trends Reshaping The Dynamics Of The Vitamin Ingredients Market?
Product innovation is gaining traction as a significant trend in the vitamin ingredient market. To maintain their market position, leading companies are presenting cutting-edge products. These include 100% natural active vitamin ingredients formulated for various uses. For instance, Givaudan, a multinational manufacturer based in Switzerland that produces flavours, fragrances, and active cosmetic ingredients, unveiled RetiLife in February 2023. This revolutionary development for the beauty industry is a molecule designed for anti-ageing. It is also the first retinol source (vitamin A) to be 100% natural. RetiLife, incorporating sunflower oil as a carrier and boasting a 100% natural composition, steers clear of synthetic ingredients like BHT/BHA and polysorbate. Retinol's effective anti-wrinkle benefits have made it a staple in skincare applications. The market now has its most innovative and sustainable retinol following years of research and development, paving the way for new cosmetic uses. RetiLife therefore represents a beauty industry revolution that addresses consumer calls for cleaner beauty products.
Who Are the Key Players In The Vitamin Ingredients Market?
Major companies operating in the vitamin ingredients market include:
• Archer Daniels Midland Company
• BASF SE
• Bluestar Adisseo Company
• Koninklijke DSM NV
• Lonza Group AG
• Nestlé SA
• Amway Corporation
• AIE Pharmaceuticals Inc.
• Bactolac Pharmaceutical Inc.
• Atlantic Essential Products Inc.
• Farbest-Tallman Foods Corporation
• Pfizer Inc.
• Aland (Jiangsu) Nutraceutical Co. Ltd.
• Btsa Biotecnologías Aplicadas SL
• The Wright Group Inc.
• Bluebonnet Nutrition Corporation
• Abbott Laboratories
• Glanbia PLC
• Rabar Pty Ltd
• DuPont de Nemours Inc.
• Zhejiang Pharmaceutical Co. Ltd.
• Zhejiang Xinhecheng Co. Ltd.
• Nengte Technology Co. Ltd.
• Alfa Aesar GmbH
• Algatechnologies Ltd.
• Alkemists Labs
• Alltech Inc.
• American Laboratories Inc.
• Anhui Tiger Biotech Co. Ltd.
• Aroma NZ Ltd.
What Is The Most Dominant Region In The Vitamin Ingredients Market?
North America was the largest region in the vitamin ingredients market share in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the vitamin ingredients market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
