Vitamins
– Insights
Vitamins
are organic compounds that are essential for every organism in a
small amount for proper growth and development of the body. Lack of
these vitamins may led to various vitamins deficiency diseases and
disorders such as night blindness, xerophthalmia and keratomalacia.
Growing consumer awareness for various vitamins deficiency diseases
across the world in turn is expected to boost growth of the global
market for vitamins. These vitamins can be classified into two
groups, namely water based and fat based. The Public Health Clinical
Medicine and Social Policies, across the world are challenging for
micronutrient deficiency due to lack of food security, monitoring and
education in the developing and underdeveloped region.
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Regional
Insights
North
America, followed by Europe and Asia-pacific, respectively, accounted
for major share in the global vitamins market in terms of revenue in
2016 and the trend is estimated to remain the same over the forecast
period. In 2016, Asia Pacific held a share of 27.64% in terms of
revenue, followed by Europe (28.10%). The growing demand for
supplement diet in Asia Pacific due to rising public awareness
coupled with growing retail and hospitality sector is expected to
drive growth of the global vitamins market over the forecast period.
Market
Dynamics
North
America dominated the market in 2016 and the trend is expected to
remain the same during 2017-2025. The increasing demand for vitamins
in various end-use industries such as food & beverages and
pharmaceuticals, due to rise in consumer awareness and stringent
government regulations over following years is the major driving
force to position North America as the largest region in the global
vitamins market.
Market
Taxonomy
This
report segments the global vitamins market on the basis of source,
product types, end use industry and distribution channel. On the
basis of source types, the market is segmented as plant and animal
source. On the basis of product type, the global vitamins market is
segmented into vitamin A, vitamin B, vitamin C, vitamin D, vitamin E
and vitamin K. On the basis of end use industry, the global vitamins
market is segmented into food & beverages, personal care, animal
feed, pharmaceuticals and others.
Key
features of the study:
This
report provides in-depth analysis of the global vitamins market and
provides market size (US$ Million) and Cumulative Annual Growth Rate
(CAGR) (%) for the forecast period (2017 – 2025), considering 2016
as the base year
It
elucidates potential revenue opportunity across different segments
and explains attractive investment proposition matrix for this market
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