VITAMIN A MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Vitamin A Market is segmented by Type (Natural and Synthetic), Application (Food and Beverages, Pharmaceutical/Dietary Supplements, Animal Feed, and Cosmetics), and Geography.

Market Snapshot

 Vitamin A market Overview
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR% (2019 - 2024): 4.24%

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Market Overview

The vitamin A market is projected to reach USD 900 million by 2024, registering a CAGR of 4.24% during the forecast period (2019-2024).

  • The market is driven by the rise in demand for functional and nutritionally enriched processed food products and the growing incidence of vitamin deficiencies, as well as the increasing use of feed fortification.
  • The increased demand for feed fortification is driven by the rise in global meat and dairy product consumption. On the other hand, the demand for food fortification is increased, due to the high rate of micronutrient deficiency disorders among the global population and lack of micronutrients in food, which may lead to malnutrition. The increase in applications of vitamins in the supplement industry is one of the major factors driving the growth of this market. 

Scope of the Report

The vitamin A market is segmented by type (natural and synthetic), application (food and beverages, pharmaceutical/dietary supplements, animal feed, and cosmetics), and geography.

By Type
Natural
Synthetic
By Application
Food and Beverages
Pharmaceutical/Dietary Supplements
Animal Feed
Cosmetics
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
United Kingdom
France
Germany
Italy
Russia
Spain
Rest of Europe
Asia-Pacific
China
Japan
Australia
India
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
United Arab Emirates
South Africa
Rest of Middle East & Africa

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Key Market Trends

Increase in Demand for Fortified Food and Beverages

There has been a marked shift in the lifestyle and dietary habits of people over the past decade. Urbanization and consumer awareness drove this shift and led to a rapid rise in the consumption of artificial and synthetic food products, which in turn, increased the incidence of lifestyle diseases. People are becoming aware of these diseases and are gradually moving toward functional food and beverages. These fortified products provide optimal nutrition and reduce the risk of disease occurrence. Various government initiatives are being introduced, in order to increase the consumption of fortified food and beverages, especially in the developing countries, like China and India.     

 Vitamin A market Key Trends

Asia-Pacific Remains the Fastest Growing Region

Asia-Pacific has been witnessing a healthy growth in recent years. Factors, such as improved living standards and in-depth consumer education about the consumption of health supplements infused with micro nutrients, like vitamins, minerals, etc., are driving the market. Rise in economic standards supported by rapid urbanization has led to a shift in consumer focus toward healthy diet, which is another factor that may drive the market. The increasing aging population and declining birth rate in the region are also driving the dietary supplements market.

 Vitamin A market Growth by Region

Competitive Landscape

The vitamin A market is consolidated, with a few players holding a majority of the market share. Companies are also increasing their focus on partnering with other global vitamin-producing companies, so as to increase their production and to incorporate cost-efficient production techniques. Koninklijke DSM NV, BASF SE, Xiamen Kingdomway Group, Zhejiang Medicine Co. Ltd, and Zhejiang NHU are some of the major players in the market. 

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Research Phases

    2. 1.2 Study Deliverables

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

    1. 3.1 Market Overview

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Industry Attractiveness - Porter's Five Forces Analysis

      1. 4.3.1 Bargaining Power of Suppliers

      2. 4.3.2 Bargaining Power of Consumers

      3. 4.3.3 Threat of New Entrants

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Natural

      2. 5.1.2 Synthetic

    2. 5.2 By Application

      1. 5.2.1 Food and Beverages

      2. 5.2.2 Pharmaceutical/Dietary Supplements

      3. 5.2.3 Animal Feed

      4. 5.2.4 Cosmetics

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 United Kingdom

        2. 5.3.2.2 France

        3. 5.3.2.3 Germany

        4. 5.3.2.4 Italy

        5. 5.3.2.5 Russia

        6. 5.3.2.6 Spain

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 Australia

        4. 5.3.3.4 India

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle East & Africa

        1. 5.3.5.1 United Arab Emirates

        2. 5.3.5.2 South Africa

        3. 5.3.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Strategies Adopted by Key Players

    2. 6.2 Most Active Companies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Koninklijke DSM NV

      2. 6.4.2 BASF SE

      3. 6.4.3 ADAMA Agricultural Solutions Limited

      4. 6.4.4 Foodchem International Corporation

      5. 6.4.5 Honson Pharmatech Group

      6. 6.4.6 Xiamen Kingdomway Group Company

      7. 6.4.7 Zhejiang Medicine

      8. 6.4.8 Zhejiang Nhu Company Ltd

      9. 6.4.9 Prinova Group LLC

      10. 6.4.10 Bluestar Adisseo Co. Ltd

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

**Subject to Availability

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Frequently Asked Questions

The Vitamin A Market market is studied from 2016 - 2026.

The Vitamin A Market is valued at 4.24% in 2016.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Europe holds highest share in 2020.

DSM, Zhejiang Medicine Co. Ltd, Xiamen Kingdomway Group, BASF, Zhejiang NHU Company Ltd are the major companies operating in Vitamin A Market.

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