The Vitamin Ingredients Market size was USD 1265.5 million in 2022 and is expected to Reach USD 1898.4 million by 2030 and grow at a CAGR of 5.2 % over the forecast period of 2023-2030.
Vitamin components, sometimes known as vitamins, are chemical compounds that have qualities similar to naturally occurring vitamins. They are derived from plants, fruits, and animal sources and are designed to replace nutritional gaps in the body.
According to the World Health Organization for International Public Health, chronic diseases kill nearly 41 million people globally each year. People who are vitamin deficient have a weaker immune system and are more prone to chronic disease. The rise in chronic diseases has increased people's need for vitamins, fueling the growth of vitamin ingredients.
Based on application, the market is segmented as Pharmaceuticals, Food and Beverages, Animal Feed, Cosmetics, and other applications. Pharmaceutical is the major segment as vitamin ingredients help to reduce the chances of acquiring cardiovascular problems, aging indications, eye disorders, diabetes, and heat strokes. As a result, they are commonly employed in the production of food and drinks, animal feed, and pharmaceuticals.
KEY DRIVERS
Increasing cases of vitamin deficiency
Vitamin deficiencies cause decreased immunity and disorders such as pellagra, dermatitis, dementia, and diarrhea, which are all on the rise among consumers. Consumers recognize the importance of food and vitamin supplements in building a healthy lifestyle. They are taking supplements regularly to gain a variety of health benefits, such as a lower risk of lifestyle illnesses and increased immunity and metabolism. The older population is also at significant risk of vitamin ingredient deficits. The global market for vitamin supplements is developing as more people become aware of their significance in illness prevention.
RESTRAIN
Restrictions on consumption and packaging
Several countries around the world have their own rules and regulations that pharmaceutical makers must follow. These rules differ from one country to other countries. Consider the provisions of the Federal Food, Drug, and Cosmetic Act (FD and C Act) of the United States. Manufacturers of vitamin components in the European Union (EU) are required to follow the European Food Safety Authority's (EFSA) recommendations. As a result, regulatory oversight may pose a challenge to worldwide market expansion throughout the projection period.
OPPORTUNITY
Rising application of vitamins in animal feed, and other industry
Vitamins are provided to animal feed to increase animal health and well-being. They're also utilized to boost the quality of animal goods like meat and eggs. Consumer preferences for a specific color of flesh and yolk, as well as increased worries about animal health, are driving demand for chicken feed additives, including animal feed vitamins. Vitamin supplements boost milk output and milk components in cattle. The market for vitamins in poultry feeds is expected to develop significantly throughout the forecast period due to the growing consumption of dairy and animal meat around the world. Also, Vitamins are added to the cosmetics, pharmaceutical, food & beverage industry drives growth.
CHALLENGES
Lack of knowledge of proper dosage of vitamins
Vitamins are nutrients that the body requires to function correctly. Excessive vitamin consumption can result in toxicity, which can have major health repercussions. Many people are unaware of the proper vitamin dosage. They could take more than they need, or they could take too little. This can result in health issues such as liver and kidney damage, as well as death.
Russia's invasion of Ukraine has negatively affected the vitamin ingredients market. Russia and Ukraine are consumers, importers, and exporters of vitamin supplements. Geopolitical instability and sanctions led on Russia by countries had hampered the transport of vitamin materials. GlaxoSmithKline has suspended deliveries of supplements and vitamins into Russia as part of its efforts to cut ties with Moscow following its invasion of Ukraine. They no longer favor global sanctions. This has resulted in a decrease in vitamin supplies in Russia and many other countries. Vitamin supplement prices have risen as a result of this.
The recession had led to an increase in the prices of vitamin supplements. Vitamin supplements’ major demand was during Covid-19 followed by Russia Ukraine war. However, the war and sanctions had led to disruption in supply chains. The demand for vitamins in pharmaceuticals is constantly increasing but the prices may fluctuate on the basis of availability of raw materials. The prices of vitamin ingredients could increase by 10-15% during a recession. If there are alternative sources of vitamin ingredients available, the impact on the market is likely to be less severe.
by Type
Vitamin A
Vitamin B
Vitamin C
Vitamin D
Vitamin E
Vitamin K
by Form
Tablet and Capsule
Powder
Others
by Application
Pharmaceuticals
Food and Beverages
Animal Feed
Cosmetics
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North America's region dominated the vitamin ingredients market contributing 40 % to the growth in 2022. Rising demand for dietary supplements in the region is expected to play a vital part in driving the regional market due to their capacity to promote stamina, reduce fatigue, and improve muscle strength. Growing consumer health concerns about chronic diseases in developed nations, combined with a growing propensity toward a healthier lifestyle, boosts the market growth.
Asia Pacific region is the fastest-growing regional market for vitamin ingredients. This is owing to an aging population in China, India, and Japan, as well as a lack of vitamin supplies in the food. The Asia-Pacific region has experienced an increase in vitamin deficiency patients, leading to an increase in demand for vitamin supplements, syrups, and other powder forms. Furthermore, increased consumer disposable income and diverse distribution channels have supported market expansion in the Asia-Pacific region.
Europe is a large growing market for vitamin ingredients owing to rising health diseases due to deficiency of vitamins. The emphasis on in-depth research on animal nutrition by many key players and small-scale laboratories is especially driving the growth in Europe.
REGIONAL COVERAGE
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Some major key players in the Vitamin Ingredients Market are Bluebonnet Nutrition, Amway Corporation, Royal DSM, DuPont Danisco, BASF, Lonza Group, Bactolac Pharmaceutical, Aland (Jiangsu) Nutraceutical, Archer Daniels Midland, AIE Pharmaceuticals, Kensing Solutions LLC, and other key players.
In 2022, Kensing Solutions LLC, a specialty chemical producer based in the United States, paid an undetermined amount for Vitae Naturals, a vitamin component manufacturer based in Spain. This acquisition is expected to boost Kensing's European reach by complementing its product line and speeding its expansion.
In 2021, Amway India expanded its Nutrition and Immunity portfolio with the introduction of Nutrilite Vitamin C Cherry Plus. This medicine is meant for people who have weaker immune systems and has the advantage of extended-release technology.
| Report Attributes | Details |
| Market Size in 2022 | US$ 1265.5 Million |
| Market Size by 2030 | US$ 1898.4 Million |
| CAGR | CAGR of 5.2 % From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2019-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Vitamin A, Vitamin B, Vitamin C, Vitamin D, Vitamin E, Vitamin K) • By Form (Tablet and Capsules, Powder, Others) • By Application (Pharmaceuticals, Food and Beverages, Animal Feed, Cosmetics) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
| Company Profiles | Bluebonnet Nutrition, Amway Corporation, Royal DSM, DuPont Danisco, BASF, Lonza Group, Bactolac Pharmaceutical, Aland (Jiangsu) Nutraceutical, Archer Daniels Midland, AIE Pharmaceuticals, Kensing Solutions LLC |
| Key Drivers | • Increasing cases of vitamin deficiency |
| Market Restrain | • Restrictions on consumption and packaging |
Ans: Vitamin Ingredients Market is anticipated to expand by 5.2 % from 2023 to 2030.
Ans: USD 1898.4 million is expected to grow by 2030.
Ans: Opportunities are rising application of vitamins in animal feed and other industry
Ans: Asia Pacific is the fast-growing region for the Vitamin Ingredients Market in 2022.
Ans: Lack of knowledge of proper dosage of vitamins can be a challenge to the growth of the vitamin ingredients market
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 Impact of the Russia-Ukraine War
4.2 Impact of Ongoing Recession
4.2.1 Introduction
4.2.2 Impact on Major Economies
4.2.2.1 US
4.2.2.2 Canada
4.2.2.3 Germany
4.2.2.4 France
4.2.2.5 United Kingdom
4.2.2.6 China
4.2.2.7 Japan
4.2.2.8 South Korea
4.2.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Vitamin Ingredients Market Segmentation, By Type
8.1 Vitamin A
8.2 Vitamin B
8.3 Vitamin C
8.4 Vitamin D
8.5 Vitamin E
8.6 Vitamin K
9. Vitamin Ingredients Market Segmentation, By Form
9.1 Tablet and Capsule
9.2 Powder
9.3 Others
10. Vitamin Ingredients Market Segmentation, By Application
10.1 Pharmaceuticals
10.2 Food and Beverages
10.3 Animal Feed
10.4 Cosmetics
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 North America Vitamin Ingredients Market by Country
11.2.2 North America Vitamin Ingredients Market by Type
11.2.3 North America Vitamin Ingredients Market by Form
11.2.4 North America Vitamin Ingredients Market by Application
11.2.5 USA
11.2.5.1 USA Vitamin Ingredients Market by Type
11.2.5.2 USA Vitamin Ingredients Market by Form
11.2.5.3 USA Vitamin Ingredients Market by Application
11.2.6 Canada
11.2.6.1 Canada Vitamin Ingredients Market by Type
11.2.6.2 Canada Vitamin Ingredients Market by Form
11.2.6.3 Canada Vitamin Ingredients Market by Application
11.2.7 Mexico
11.2.7.1 Mexico Vitamin Ingredients Market by Type
11.2.7.2 Mexico Vitamin Ingredients Market by Form
11.2.7.3 Mexico Vitamin Ingredients Market by Application
11.3 Europe
11.3.1 Eastern Europe
11.3.1.1 Eastern Europe Vitamin Ingredients Market by Country
11.3.1.2 Eastern Europe Vitamin Ingredients Market by Type
11.3.1.3 Eastern Europe Vitamin Ingredients Market by Form
11.3.1.4 Eastern Europe Vitamin Ingredients Market by Application
11.3.1.5 Poland
11.3.1.5.1 Poland Vitamin Ingredients Market by Type
11.3.1.5.2 Poland Vitamin Ingredients Market by Form
11.3.1.5.3 Poland Vitamin Ingredients Market by Application
11.3.1.6 Romania
11.3.1.6.1 Romania Vitamin Ingredients Market by Type
11.3.1.6.2 Romania Vitamin Ingredients Market by Form
11.3.1.6.4 Romania Vitamin Ingredients Market by Application
11.3.1.7 Turkey
11.3.1.7.1 Turkey Vitamin Ingredients Market by Type
11.3.1.7.2 Turkey Vitamin Ingredients Market by Form
11.3.1.7.3 Turkey Vitamin Ingredients Market by Application
11.3.1.8 Rest of Eastern Europe
11.3.1.8.1 Rest of Eastern Europe Vitamin Ingredients Market by Type
11.3.1.8.2 Rest of Eastern Europe Vitamin Ingredients Market by Form
11.3.1.8.3 Rest of Eastern Europe Vitamin Ingredients Market by Application
11.3.2 Western Europe
11.3.2.1 Western Europe Vitamin Ingredients Market by Type
11.3.2.2 Western Europe Vitamin Ingredients Market by Form
11.3.2.3 Western Europe Vitamin Ingredients Market by Application
11.3.2.4 Germany
11.3.2.4.1 Germany Vitamin Ingredients Market by Type
11.3.2.4.2 Germany Vitamin Ingredients Market by Form
11.3.2.4.3 Germany Vitamin Ingredients Market by Application
11.3.2.5 France
11.3.2.5.1 France Vitamin Ingredients Market by Type
11.3.2.5.2 France Vitamin Ingredients Market by Form
11.3.2.5.3 France Vitamin Ingredients Market by Application
11.3.2.6 UK
11.3.2.6.1 UK Vitamin Ingredients Market by Type
11.3.2.6.2 UK Vitamin Ingredients Market by Form
11.3.2.6.3 UK Vitamin Ingredients Market by Application
11.3.2.7 Italy
11.3.2.7.1 Italy Vitamin Ingredients Market by Type
11.3.2.7.2 Italy Vitamin Ingredients Market by Form
11.3.2.7.3 Italy Vitamin Ingredients Market by Application
11.3.2.8 Spain
11.3.2.8.1 Spain Vitamin Ingredients Market by Type
11.3.2.8.2 Spain Vitamin Ingredients Market by Form
11.3.2.8.3 Spain Vitamin Ingredients Market by Application
11.3.2.9 Netherlands
11.3.2.9.1 Netherlands Vitamin Ingredients Market by Type
11.3.2.9.2 Netherlands Vitamin Ingredients Market by Form
11.3.2.9.3 Netherlands Vitamin Ingredients Market by Application
11.3.2.10 Switzerland
11.3.2.10.1 Switzerland Vitamin Ingredients Market by Type
11.3.2.10.2 Switzerland Vitamin Ingredients Market by Form
11.3.2.10.3 Switzerland Vitamin Ingredients Market by Application
11.3.2.11.1 Austria
11.3.2.11.2 Austria Vitamin Ingredients Market by Type
11.3.2.11.3 Austria Vitamin Ingredients Market by Form
11.3.2.11.4 Austria Vitamin Ingredients Market by Application
11.3.2.12 Rest of Western Europe
11.3.2.12.1 Rest of Western Europe Vitamin Ingredients Market by Type
11.3.2.12.2 Rest of Western Europe Vitamin Ingredients Market by Form
11.3.2.12.3 Rest of Western Europe Vitamin Ingredients Market by Application
11.4 Asia-Pacific
11.4.1 Asia-Pacific Vitamin Ingredients Market by Country
11.4.2 Asia-Pacific Vitamin Ingredients Market by Type
11.4.3 Asia-Pacific Vitamin Ingredients Market by Form
11.4.4 Asia-Pacific Vitamin Ingredients Market by Application
11.4.5 China
11.4.5.1 China Vitamin Ingredients Market by Type
11.4.5.2 China Vitamin Ingredients Market by Application
11.4.5.3 China Vitamin Ingredients Market by Form
11.4.6 India
11.4.6.1 India Vitamin Ingredients Market by Type
11.4.6.2 India Vitamin Ingredients Market by Form
11.4.6.3 India Vitamin Ingredients Market by Application
11.4.7 Japan
11.4.7.1 Japan Vitamin Ingredients Market by Type
11.4.7.2 Japan Vitamin Ingredients Market by Form
11.4.7.3 Japan Vitamin Ingredients Market by Application
11.4.8 South Korea
11.4.8.1 South Korea Vitamin Ingredients Market by Type
11.4.8.2 South Korea Vitamin Ingredients Market by Form
11.4.8.3 South Korea Vitamin Ingredients Market by Application
11.4.9 Vietnam
11.4.9.1 Vietnam Vitamin Ingredients Market by Type
11.4.9.2 Vietnam Vitamin Ingredients Market by Form
11.4.9.3 Vietnam Vitamin Ingredients Market by Application
11.4.10 Singapore
11.4.10.1 Singapore Vitamin Ingredients Market by Type
11.4.10.2 Singapore Vitamin Ingredients Market by Form
11.4.10.3 Singapore Vitamin Ingredients Market by Application
11.4.11 Australia
11.4.11.1 Australia Vitamin Ingredients Market by Type
11.4.11.2 Australia Vitamin Ingredients Market by Form
11.4.11.3 Australia Vitamin Ingredients Market by Application
11.4.12 Rest of Asia-Pacific
11.4.12.1 Rest of Asia-Pacific Vitamin Ingredients Market by Type
11.4.12.2 Rest of Asia-Pacific Vitamin Ingredients Market by Form
11.4.12.3 Rest of Asia-Pacific Vitamin Ingredients Market by Application
11.5 Middle East & Africa
11.5.1 Middle East
11.5.1.1 Middle East Vitamin Ingredients Market by Country
11.5.1.2 Middle East Vitamin Ingredients Market by Type
11.5.1.3 Middle East Vitamin Ingredients Market by Form
11.5.1.4 Middle East Vitamin Ingredients Market by Application
11.5.1.5 UAE
11.5.1.5.1 UAE Vitamin Ingredients Market by Type
11.5.1.5.2 UAE Vitamin Ingredients Market by Form
11.5.1.5.3 UAE Vitamin Ingredients Market by Application
11.5.1.6 Egypt
11.5.1.6.1 Egypt Vitamin Ingredients Market by Type
11.5.1.6.2 Egypt Vitamin Ingredients Market by Form
11.5.1.6.3 Egypt Vitamin Ingredients Market by Application
11.5.1.7 Saudi Arabia
11.5.1.7.1 Saudi Arabia Vitamin Ingredients Market by Type
11.5.1.7.2 Saudi Arabia Vitamin Ingredients Market by Form
11.5.1.7.3 Saudi Arabia Vitamin Ingredients Market by Application
11.5.1.8 Qatar
11.5.1.8.1 Qatar Vitamin Ingredients Market by Type
11.5.1.8.2 Qatar Vitamin Ingredients Market by Form
11.5.1.8.3 Qatar Vitamin Ingredients Market by Application
11.5.1.9 Rest of Middle East
11.5.1.9.1 Rest of Middle East Vitamin Ingredients Market by Type
11.5.1.9.2 Rest of Middle East Vitamin Ingredients Market by Form
11.5.1.9.3 Rest of Middle East Vitamin Ingredients Market by Application
11.5.2 Africa
11.5.2.1 Africa Vitamin Ingredients Market by Country
11.5.2.2 Africa Vitamin Ingredients Market by Type
11.5.2.3 Africa Vitamin Ingredients Market by Form
11.5.2.4 Africa Vitamin Ingredients Market by Application
11.5.2.5 Nigeria
11.5.2.5.1 Nigeria Vitamin Ingredients Market by Type
11.5.2.5.2 Nigeria Vitamin Ingredients Market by Form
11.5.2.5.3 Nigeria Vitamin Ingredients Market by Application
11.5.2.6 South Africa
11.5.2.6.1 South Africa Vitamin Ingredients Market by Type
11.5.2.6.2 South Africa Vitamin Ingredients Market by Form
11.5.2.6.3 South Africa Vitamin Ingredients Market by Application
11.5.2.7 Rest of Africa
11.5.2.7.1 Rest of Africa Vitamin Ingredients Market by Type
11.5.2.7.2 Rest of Africa Vitamin Ingredients Market by Form
11.5.2.7.3 Rest of Africa Vitamin Ingredients Market by Application
11.6 Latin America
11.6.1 Latin America Vitamin Ingredients Market by Country
11.6.2 Latin America Vitamin Ingredients Market by Type
11.6.3 Latin America Vitamin Ingredients Market by Form
11.6.4 Latin America Vitamin Ingredients Market by Application
11.6.5 Brazil
11.6.5.1 Brazil Vitamin Ingredients Market by Type
11.6.5.2 Brazil Vitamin Ingredients Market by Form
11.6.5.3 Brazil Vitamin Ingredients Market by Application
11.6.6 Argentina
11.6.6.1 Argentina Vitamin Ingredients Market by Type
11.6.6.2 Argentina Vitamin Ingredients Market by Form
11.6.6.3 Argentina Vitamin Ingredients Market by Application
11.6.7 Colombia
11.6.7.1 Colombia Vitamin Ingredients Market by Type
11.6.7.2 Colombia Vitamin Ingredients Market by Form
11.6.7.3 Colombia Vitamin Ingredients Market by Application
11.6.8 Rest of Latin America
11.6.8.1 Rest of Latin America Vitamin Ingredients Market by Type
11.6.8.2 Rest of Latin America Vitamin Ingredients Market by Form
11.6.8.3 Rest of Latin America Vitamin Ingredients Market by Application
12. Company profile
12.1 BASF SE
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 SWOT Analysis
12.1.5 The SNS View
12.2 Royal DSM
12.2.1 Company Overview
12.2.2 Financials
12.2.3 Product/Services Offered
12.2.4 SWOT Analysis
12.2.5 The SNS View
12.3 DuPont Danisco
12.3.1 Company Overview
12.3.2 Financials
12.3.3 Product/Services Offered
12.3.4 SWOT Analysis
12.3.5 The SNS View
12.4 Amway Corporation
12.4.1 Company Overview
12.4.2 Financials
12.4.3 Product/Services Offered
12.4.4 SWOT Analysis
12.4.5 The SNS View
12.5 Bluebonnet Nutrition
12.5.1 Company Overview
12.5.2 Financials
12.5.3 Product/Services Offered
12.5.4 SWOT Analysis
12.5.5 The SNS View
12.6 Lonza Group
12.6.1 Company Overview
12.6.2 Financials
12.6.3 Product/Services Offered
12.6.4 SWOT Analysis
12.6.5 The SNS View
12.7 Bactolac Pharmaceutical
12.7.1 Company Overview
12.7.2 Financials
12.7.3 Product/Services Offered
12.7.4 SWOT Analysis
12.7.5 The SNS View
12.8 Aland (Jiangsu) Nutraceutical
12.8.1 Company Overview
12.8.2 Financials
12.8.3 Product/Services Offered
12.8.4 SWOT Analysis
12.8.5 The SNS View
12.9 Archer Daniels Midland
12.9.1 Company Overview
12.9.2 Financials
12.9.3 Product/Services Offered
12.9.4 SWOT Analysis
12.9.5 The SNS View
12.10 AIE Pharmaceuticals
12.10.1 Company Overview
12.10.2 Financials
12.10.3 Product/Services Offered
12.10.4 SWOT Analysis
12.10.5 The SNS View
12.11 Kensing Solutions LLC
12.11.1 Company Overview
12.11.2 Financials
12.11.3 Product/Services Offered
12.11.4 SWOT Analysis
12.11.5 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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