- In February 2024, Perelel Health, a prominent player in the prenatal and postnatal vitamin market based in Los Angeles, recently announced a successful raise of USD 6 million in Series A funding. The investment round was backed by notable firms, including Unilever Ventures, Willow Growth, and Selva Ventures. This funding will enable Perelel Health to enhance its product offerings and expand its reach in the growing health and wellness sector focused on maternal health
- In February 2023, DSM-Firmenich (formed from the merger of Koninklijke DSM N.V. and Firmenich) announced the resumption of Rovimix Vitamin A production at its facility in Sisseln, Switzerland. The company had previously announced a temporary suspension of Vitamin A production at the site in November 2022
- In August 2022, MD Pharmaceuticals, a healthcare distributor based in Singapore, introduced a new vitamin D supplement called Rapid-D in collaboration with DSM. This partnership aims to enhance DSM's presence in the vitamin market across the Asia-Pacific region and attract a broader customer base
- In April 2022, Farbest-Tallman Brands was appointed as ZMC's exclusive distributor for Beta Carotene 1% and 22% in North America. This exclusivity agreement will cover two specific products within the Beta Carotene portfolio, with Beta-Carotene Oil containing a vitamin A concentration of 366,740 IU/g
- In March 2021, DSM launched Ampli-D, a fast-acting vitamin D supplement formulated with calcifediol, or 25-hydroxyvitamin D3. This innovative product enables DSM to maintain its competitive edge in the market by addressing customer needs with a unique dietary supplement
Frequently Asked Questions
The market is segmented based on Segmentation By Type (Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, Vitamin K), Application (Healthcare products, Pharmaceuticals, Food and beverages, Animal Feed, Personal care), Source (Synthetic, Natural, Plant, Animal, Others), Distribution Channel (Hypermarket, Supermarket, Mass Merchandisers, Specialty Stores, Others) – Industry Trends and Forecast to 2031
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The Global Vitamins Market size was valued at USD 7.61 USD Billion in 2023.
The Global Vitamins Market is projected to grow at a CAGR of 7.8% during the forecast period of 2024 to 2031.
The major players operating in the market include BASF SE, DSM, ADM, SternVitamin GmbH & Co. KG, Glanbia plc, Lonza,.
The market report covers data from the U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
