Global Food Grade Vitamin A Market, By Type (High Purity Feed Grade Vitamin A and Low Purity Feed Grade Vitamin A), Application (Human Nutrition and Cosmetics) – Industry Trends and Forecast to 2029.
Food Grade Vitamin A Market Analysis and Size
Over time, the health and wellness industry has evolved into a dominant lifestyle value among consumers, significantly altering consumer attitudes toward naturally sourced micronutrients. Vitamin A is gaining popularity in various end-user industries, including cosmetics, dietary supplements, functional food and beverage, due to its multi-functionality and ongoing clean label trend.
Data Bridge Market Research analyses that the 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% during the forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, patent analysis and consumer behaviour.
Food Grade Vitamin A Market Scope and Segmentation
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Type (High Purity Feed Grade Vitamin A and Low Purity Feed Grade Vitamin A), Application (Human Nutrition and Cosmetics)
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Countries Covered
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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 Global (APAC) in the Global (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
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Market Players Covered
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DSM (Netherlands), BASF SE (Germany), Lonza Group (Switzerland), Glanbia Plc (Ireland), ADM (U.S.), Farbest Brands (U.S.), SternVitamin GmbH & Co. K.G. (Germany), Adisseo (France), BTSA Biotechnologias Aplicadas S.L. (Spain) and Rabar Pty Ltd (Australia)
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Opportunities
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Market Definition
Vitamin A comprises unsaturated nutritious chemical compounds such as retinol, retinal, retinoic acid, and other pro-vitamin A compounds.
Food Grade Vitamin A Market Dynamics
Drivers
- Growing demand from the various end user industries
Vitamin A is used in a variety of industries, such as food and beverages, animal feed, personal care, pharmaceuticals, and nutraceuticals. Vitamin A is made up of unsaturated nutritious chemical compounds that are required by both human and animal bodies. Vitamins used in end-use industries include pre-formed vitamin A, pro-vitamin A, and combined vitamin A.
- Growing health awareness as well as high prevalence of vitamin deficiency
Globally, the number of people who are concerned about their health is increasing. Obesity, malnutrition, a weakened immune system, heart disease, and other health problems are also on the rise. Furthermore, vitamin deficiency is becoming more common as a result of irregular mealtimes, hectic lifestyles, and nutritional loss during food processing. People are focusing on getting enough vitamins into their bodies to boost their immunity as a result of these factors.
Opportunity
Vitamin A is necessary for bone formation, wound healing, and immune system strengthening. In addition, they convert food into energy and repair cell damage. The food and beverage industry is expanding, creating new market opportunities during the forecast period.
Restraints
One of the factors that may limit the growth of the Vitamin A market is deficiency of it, which has severe side effects and makes people vulnerable to various ailments. Furthermore, the high cost of vitamin A acts as a barrier to the vitamin A market. Dietary supplements are governed by specific rules. This can make it difficult for companies to obtain approval from authorities, posing a challenge to the growth of the vitamin A market.
This food grade 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 food grade 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 Food Grade Vitamin A Market
The World Health Organization (WHO) advises the global population to consume immunity-boosting foods, vitamins, minerals, proteins, dietary fibre, and antioxidants, which the human body requires to fight the outbreak. As a result, the population's consumption of vitamin supplements increases, thereby increasing demand for the vitamin market. In this COVID situation, vitamin A is in high demand and is expected to rise in the coming years. The COVID-19 outbreak has had a significant impact on people's lives around the world. As the number of cases grows, strict government regulations such as lockdowns, shutting down industries and business sectors, and so on are being implemented in almost every country. It is critical for boosting immunity in order to combat this pandemic.
Recent Development
- In February 2020, DSM, a leading company, decided to invest in a high-tech, fully automated vitamin A packing line, which will be used to improve traceability, reliability, and quality for customers.
- In October 2019, DSM announced that it would manufacture vitamin A in two locations: China's Xinghuo and Germany's Grenzach.
- In June 2018, one of the top key players, ADM, combined a diverse range of animal and human nutrition product lines into a single nutrition business unit used for the company's health and wellness business, including innovative products such as Novatol Vitamin E 1490PH.
Global Food Grade Vitamin A Market Scope
The food grade vitamin A market is segmented on the basis of type 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
- High Purity Feed Grade Vitamin A
- Low Purity Feed Grade Vitamin A
Application
- Human Nutrition
- Cosmetics
Vitamin A Market Regional Analysis/Insights
The food grade vitamin A market is analysed and market size insights and trends are provided by country, type and application as referenced above.
The countries covered in the food grade 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 Global (APAC) in the Global (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 has a large share of the food grade vitamin A market due to increased consumption of vitamin A in powder form in the United States. Because powder has a longer shelf life than liquid. Germany dominates the European vitamin A market due to high daily consumption of vitamin A in powder form because powdered vitamin A is easier to transport than liquid vitamin A. Because of its large population, China dominates the Asia-Pacific vitamin A market, 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 Food Grade Vitamin A Market Share Analysis
The food grade 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 food grade vitamin A market.
Some of the major players operating in the food grade vitamin A market are:
- 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)
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