Vitamin A Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

Global Vitamin A Market is segmented by Type (Natural and Synthetic); by Application (Food and Beverages (Baby Food, Dairy Products, Bakery & Confectionery, Beverages and Others), Pharmaceutical/ Dietary Supplements, Animal Feed, and Personal Care); and Geography

Market Snapshot

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Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Europe
CAGR: 4.2 %

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Market Overview

Global vitamin A market is projected to grow at a CAGR of 4.2% during the forecast period.

  • 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 global vitamin A market is segmented by type as natural and synthetic. By application the marketi s segmented as food and beverages, pharmaceutical/dietary supplements, animal feed, and cosmetics. Food and beverages is further segmented as baby food, dairy products, bakery & confectionery, beverages and others, and geography.

By Type
Natural
Synthetic
By Application
Food and Beverages
Baby Food
Dairy
Bakery & Confectionery
Beverages
Others
Pharmaceutical/Dietary Supplements
Cosmetics
Animal Feed
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 developing countries, like China and India.     

Vitamin A Market 1

Asia-Pacific Remains the Fastest Growing Region

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

Vitamin A Market 2

Competitive Landscape

The global 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 Study Deliverables & Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 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

        1. 5.2.1.1 Baby Food

        2. 5.2.1.2 Dairy

        3. 5.2.1.3 Bakery & Confectionery

        4. 5.2.1.4 Beverages

        5. 5.2.1.5 Others

      2. 5.2.2 Pharmaceutical/Dietary Supplements

      3. 5.2.3 Cosmetics

      4. 5.2.4 Animal Feed

    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

    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 growing at a CAGR of 4.2% over the next 5 years.

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

Europe holds highest share in 2020.

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

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