Global Vitamin A Market – Industry Trends and Forecast to 2029

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Market Analysis and Size

Over the years, the health and wellness industry has become a dominant lifestyle value among consumers, profoundly changing consumer behaviour toward naturally sourced micronutrients. Vitamin A are gaining popularity in a variety of end-user industries, including cosmetics, dietary supplements, functional food and beverage and others due to its multi functionality and ongoing clean label trend.

Data Bridge Market Research analyses that the 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% during the forecast period of 2022 to 2029.

Market Definition

Vitamin A is composed of unsaturated nutritious chemical compounds such as retinol, retinal, retinoic acid, and other pro-vitamin A compounds.

Report Scope and Market Segmentation

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Vitamin A Market Dynamics

Drivers

• Growing demand from the various end-user industries

Vitamin A has found use in various industries, including food and beverages, animal feed, personal care, and pharmaceuticals and nutraceuticals. Vitamin A is composed of unsaturated nutritious chemical compounds that are necessary for both human and animal bodies. Pre-formed vitamin A, pro vitamin A and combine vitamin A are among the types of vitamins used in end-use industries.

• Growing health awareness as well as high prevalence of vitamin deficiency

Globally, the number of health-conscious people is growing. Obesity, malnutrition, a weakened immune system, heart diseases and other health issues are also on the rise. Furthermore, the prevalence of vitamin deficiency is increasing as a result of unscheduled mealtimes, hectic lifestyles, and nutritional loss during food processing. As a result of these factors, people are focusing on getting enough vitamins into their bodies to boost their immunity.

Opportunity

Vitamin A is an essential nutrient because it aids in bone formation, wound healing, and immune system strengthening. They also convert food into energy and repair cell damage. Vitamin A is a group of versatile nutritional organic compounds that includes retinol, retinal, retinoic acid, and a variety of provitamin A carotenoids, all required for growth and development and immune system function and good vision. Retinol is essential for good vision, particularly night vision, as well as overall eye health. The most common cause of vision loss in the elderly is age-related macular degeneration.

Restraints

Some of the factors that may limit the growth of the Vitamin A market include a lack of Vitamin A, which has severe side effects and makes people vulnerable to a variety of ailments. Furthermore, the high cost of vitamin A is acting as a restraining factor for the vitamin A market. Dietary supplements are subject to specific regulations. This can sometimes make it difficult for companies to obtain approval from authorities, which can challenge the vitamin A market growth.

This vitamin A market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the vitamin A market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Vitamin A Market

The World Health Organization (WHO) recommends that the global population consume immunity-boosting foods as well as vitamins, minerals, proteins, dietary fibre, and antioxidants, which are required by the human body to fight the outbreak. As a result, the population's consumption of vitamin supplements rises, increasing the demand for the vitamins market. Vitamin A is in high demand in this COVID situation and is expected to grow in the coming years. The COVID-19 outbreak has had a profound effect on people's lives all over the world. With the increasing number of cases, stringent government regulations such as lockdowns, shutting down industries and business sectors, and so on are being implemented in almost every country. It is critical to boost immunity to fight this pandemic.

Recent Development

• In February 2020, DSM, a leading company, decided to invest in a high-tech, fully automated packing line for vitamin A production, which will be used to provide customers with improved traceability, reliability, and quality.
• DSM announced in October 2019 that it would produce vitamin A  in two locations: Xinghuo, China, and Grenzach, Germany.

Global Vitamin A Market Scope

The vitamin A market is segmented on the basis of type, product category, form and application. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Pre-Formed Vitamin A
• Provitamin A
• Combine Vitamin A

Form

• Liquid
• Powder

Product Category

• Clean Labelled Ingredient
• Conventional

Application

• Pharmaceuticals
• Food Products
• Animal Feed
• Personal Care & Cosmetics
• Dietary Supplements
• Beverages
• Others

Vitamin A Market Regional Analysis/Insights

The vitamin A market is analysed and market size insights and trends are provided by country, ingredient type, product category, form and application as referenced above.

The countries covered in the vitamin A market report are U.S., Canada and Mexico in North America, Germany, Sweden, Poland, Denmark, 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.

North America is dominating the vitamin A market due to a large share of the U.S. market due to increased consumption of vitamin A in powder form. Since powder form has a longer shelf life than liquid form. Germany dominates the European vitamin A market due to the high consumption of vitamin A in the powder form in the daily routine because powdered vitamin A are easier to transport than liquid vitamin A. China dominates the Asia-Pacific vitamin A market due to its large population, which is more interested in consuming a high amount of natural vitamin supplements.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Vitamin A Market Share Analysis

The vitamin A market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to vitamin A market.

Some of the major players operating in the vitamin A market are:

• DSM (Netherlands)
• BASF SE (Germany)
• Lonza Group (Switzerland)
• Glanbia Plc (Ireland)
• ADM (US)
• Farbest Brands (US)
• SternVitamin GmbH & Co. KG (Germany)
• Adisseo (France)
• BTSA Biotechnologias Aplicadas S.L. (Spain)
• Rabar Pty Ltd (Australia)
• Zagro (Singapore)
• Wright Enrichment Inc. (US)
• Adisseo (China)
• Showa Denko K.K. (Japan)
• Farbest Brands (US)
• Jubilant Life Sciences Ltd. (India)
• Vertellus Holdings LLC (US)

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