Global Vitamin A Ingredient Market – Industry Trends and Forecast to 2029

Global Vitamin A Ingredient Market, By Mode of Consumption (Pills, Powders, Creams, Liquids), Application (Pharmaceuticals, Food and Beverage, Cosmetics, Animal feeds, others), Type (Water Soluble Vitamins, Fat-Soluble Vitamins) – Industry Trends and Forecast to 2029.

Vitamin A Ingredient Market Analysis and Size

The health and wellness industry has evolved into a dominant lifestyle value among consumers over the years, profoundly changing consumer behaviour toward naturally sourced micronutrients. Due to its multi-functionality and ongoing clean label trend, vitamin A ingredients is gaining popularity in a variety of end-user industries, including cosmetics, dietary supplements, functional food and beverage, and others.

Data Bridge Market Research analyses that the vitamin A ingredient market was valued at USD 237.53 million in 2021 and is expected to reach the value of USD 393.11 million by 2029, at a CAGR of 6.50% during the forecast period. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Vitamin A Ingredient Market Scope and Segmentation

Market Definition

Vitamin ingredients, also known as vitamers, are organic compounds that have properties similar to naturally occurring vitamins. They are derived from fruits, vegetables, and animal sources and are designed to fill nutritional gaps in the body. The two most common vitamin ingredients are water-soluble and fat-soluble. Water-soluble vitamins are absorbed quickly and provide immediate nourishment to the body, whereas fat-soluble vitamins are diffused in fats and stored in the liver for later absorption. These vitamin ingredients aid in minimizing the risks of developing cardiovascular diseases, diabetes, eye disorders, signs of aging and heat strokes.

Global Vitamin A Ingredient Market Dynamics

Drivers

• High adoption from varieties of industries

Vitamin A ingredients have found use in a variety of 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.

• High prevalence of vitamin deficiency all around the world

One of the key factors driving market growth is the rising prevalence of chronic medical ailments caused by vitamin deficiencies, as well as the global geriatric population. Furthermore, rising demand for functional and nutritionally-enriched food products is boosting the market's outlook. Vitamins are considered an important part of the daily diet because they help with overall growth, digestion, and neurological functions. In the medical nutrition industry, vitamin ingredients are used to treat malnutrition and deficiency-related disorders.

Opportunity

• Product Innovations

Manufacturing of vitamer-fortified animal feed for enhanced nutrition in meat and dairy products is also contributing to market growth. Various product innovations, such as the development of natural and allergen-free Vitamin E, are also acting as growth stimulants. These vitamers are widely used in organic and herbal haircare, skincare, cosmetics, and other personal care products, which is propelling the market forward.

Restraints

• Lack of awareness and easy product substitute

Lack of awareness about dietary supplement dosage, as well as stringent government regulations, will likely act as a market restraint factor for the growth of the vitamin A ingredient market during the forecasted timeframe. The easy availability of product alternatives will be the biggest and most pressing challenge to the market's growth.

This vitamin A ingredients 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 ingredients market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Post COVID-19 Impact on Vitamin A Ingredient 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 are expected to grow in the coming years as well. 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.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

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.
• In October 2019 DSM announced that it would produce vitamin A in two locations: Xinghuo, China, and Grenzach, Germany.

Global Vitamin A Ingredient Market Scope

The vitamin A ingredients market is segmented on the basis of mode of consumption, 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.

Mode of consumption

• Pills
• Powders
• Creams
• Liquids

Type

• Water Soluble Vitamins
• Fat-Soluble Vitamins

Application

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

Vitamin A Ingredient Market Regional Analysis/Insights

The vitamin A ingredients market is analysed and market size insights and trends are provided by country, mode of consumption, type and application as referenced above.

The countries covered in the vitamin A ingredients market report are U.S., Canada, Mexico in North America, Germany, Sweden, Poland, Denmark, Italy, U.K., France, Spain, Netherland, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, New Zealand, Vietnam, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in Asia-Pacific (APAC), Brazil, Argentina, Rest of South America as a part of South America, UAE, Saudi Arabia, Oman, Qatar, Kuwait, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).

North America is dominating the vitamin A ingredient 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.

Asia-Pacific is expected to register highest growth rate due to the growth of various regions such as India, Japan, China, and Australia, as well as rising levels of disposable income among the people and growth of the region's food and beverage, personal care, and other industries.

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 Ingredient Market Share Analysis

The vitamin A ingredient 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 ingredients market.

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

• BASF SE (Germany)
• DSM (Netherlands)
• ADM (US)
• SternVitamin GmbH & Co. KG (Germany)
• Glanbia plc (US)
• Lonza (Switzerland)
• Vitablend Nederland BV (Netherlands)
• 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)
• Cosun (Netherlands)
• The Green Yard (Belgium)
• Himalaya Food International Ltd. (India)
• J.R. Simplot Company (U.S.)