Vitamins Market is estimated to be US$ 12.42 billion by 2030 with a...

Vitamins Market is estimated to be US$ 12.42 billion by 2030 with a CAGR of 7.8% during the forecast period

Posted 2023-08-30 05:39:53

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The Vitamins Market plays a pivotal role in supporting global health and wellness, offering a diverse range of essential nutrients that contribute to the overall vitality and functioning of the human body. As awareness of the importance of nutrition grows, the market continues to expand, driven by a growing demand for dietary supplements, fortified foods, and personalized wellness solutions aimed at meeting individual nutritional needs.

The report “Vitamins Market, By Type (Vitamin B, Vitamin E, Vitamin D, Vitamin C, Vitamin A, and Vitamin K), By Application (Healthcare Products, Food & Beverages, Feed, and Personal Care Products), By Source (Synthetic and Natural) and By Region (North America, Europe, Latin America, Middle East, Asia Pacific, and Africa) - Trends, Analysis and Forecast till 2030r”

Key Development:

In January 2021, vit health, LLC is pleased to announce the availability of its first vitamin and supplement line, vit, on Amazon. All five of vit's benefit-focused products, which have been in the works for over a year, contain pure and quality ingredients in plant-based softgels, a $10 price point for a 30-day supply, and a single-pill daily dosage, aiming to lower the barrier to entry for nutrient supplementation.

In May 2021, NewAge, Inc., the Colorado-based organic and healthy products company intending to become the world’s leading social selling and distribution company, announced today the launch of Nutrifii Kids™ Chewable Multivitamin, a daily supplement for support of the healthy development and immune systems of children and adolescents.

Analytic View:

From an analyst's perspective, the vitamins market exhibits steady growth prospects due to the escalating consumer inclination towards preventive healthcare and wellness. With an expanding aging population and increasing awareness of the role of vitamins in supporting immunity and vitality, the market is poised for sustained demand for supplements and functional foods. Strategic collaborations, innovative formulations, and responsive marketing will be key factors for companies aiming to establish a competitive edge in this evolving landscape.

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Competitive Analysis:

The key players operating the global Vitamins market includes Koninklijke DSM N.V., Glanbia PLC

ADM, BASF, Lonza Group, Vitablend Nederland B.V., Sternvitamin GmbH & Co. Kg, Farbest-Tallman Foods Corporation, Watson Inc., and Zagro.

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