The food-grade vitamin A market has experienced significant growth due to the evolving health and wellness industry, where consumers increasingly value naturally sourced micronutrients. Vitamin A has garnered popularity across various end-user industries like cosmetics, dietary supplements, and functional food and beverages due to its multifunctionality and alignment with the clean label trend. The demand for vitamin A in these sectors has surged as consumers prioritize products that offer health benefits and natural ingredients. This growth trajectory is expected to continue as health-conscious consumers seek vitamin A's diverse applications in their daily lives.
According to Data Bridge Market Research, the Global Food Grade Vitamin A Market was valued at USD 615.85 million in 2021 and is expected to reach the value of USD 909.89 million by 2029, at a CAGR of 5.00%. In the forecast period of 2022 to 2029
“Growing demand from various end-user industries drive the market growth”
The growing demand from various end-user industries serves as a significant driver of the food grade vitamin A market. Vitamin A is extensively used in the food and beverage industry as a nutrient fortifier and coloring agent in products like dairy, bakery, and confectionery. It is also utilized in the animal feed industry to enhance the nutritional content of livestock feed. Additionally, the pharmaceutical and dietary supplement industries rely on vitamin A for its health benefits. The increasing awareness of health and nutrition among consumers has led to a rise in the demand for food grade vitamin A across these diverse industries, fueling market growth.
What restraints the growth of the global food grade vitamin A market?
“High cost of vitamin A”
The high cost of vitamin A serves as a significant restraint of the food grade vitamin A market. Vitamin A is a vital nutrient with essential health benefits, but its production and extraction can be expensive, affecting its overall market pricing. The high cost of vitamin A may limit its accessibility to a broader consumer base, particularly in regions with lower income levels. Additionally, the cost factor can impact the formulation of food and dietary supplements containing vitamin A, potentially influencing product pricing and demand. Addressing the cost challenges is crucial to ensuring wider availability and affordability of vitamin A products in the market.
Segmentation: Global Food Grade Vitamin A Market
The food grade vitamin A market is segmented on the basis of type and application.
- On the basis of type, the food grade vitamin A market is segmented into high purity feed grade vitamin A and low purity feed grade vitamin A.
- On the basis of application, the food grade vitamin A market is segmented into human nutrition and cosmetics.
Regional Insights: North America dominates the Global Food Grade Vitamin A Market
North America holds a significant share in the food grade vitamin A market, primarily driven by increased consumption of vitamin A in powder form in the United States. Powdered vitamin A offers a longer shelf life compared to liquid, making it a preferred choice for consumers.
In the Asia-Pacific region, China dominates the vitamin A market due to its large population and growing interest in consuming natural vitamin supplements. These trends reflect the preference for powdered vitamin A in different regions, driven by factors like shelf life, convenience, and health-conscious choices.
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Recent Developments in Global Food Grade Vitamin A Market
- In February 2020, DSM invested in a high-tech, fully automated vitamin A packing line to enhance traceability, reliability, and quality for customers, improving overall production efficiency.
- In October 2019, DSM announced plans to manufacture vitamin A in two locations, Xinghuo (China) and Grenzach (Germany), expanding their production capabilities and strengthening their global presence.
- In June 2018, ADM consolidated diverse animal and human nutrition product lines into a single nutrition business unit, focusing on health and wellness, featuring innovative products like Novatol Vitamin E 1490PH. This move aimed to streamline operations and promote innovative offerings in the market.
The Prominent Key Players Operating in the Global Food Grade Vitamin A Market Include:
- DSM (Netherlands)
- BASF SE (Germany)
- Lonza Group (Switzerland)
- Glanbia Plc (Ireland)
- ADM (U.S.)
- Farbest Brands (U.S.)
- SternVitamin GmbH & Co. KG (Germany)
- Adisseo (France)
- BTSA Biotechnologias Aplicadas S.L. (Spain)
- Rabar Pty Ltd (Australia)
Above are the key players covered in the report, to know about more and exhaustive list of global food grade vitamin A market companies contact, https://www.databridgemarketresearch.com/jp/contact
Research Methodology: Global Food Grade Vitamin A Market
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, global vs Regional and Vendor Share Analysis. Please request analyst call in case of further inquiry.
