Rise in the population, increasing consumer awareness, and the growth in availability of vitamins at extremely low prices, to drive the global vitamin market.
The natural sources-based vitamins are garnering an increasing consumer base in the North American market. Concerns related to the toxicity of artificial and chemical additives in food and personal care products drives consumers towards natural source-based products. This has caused a rapid increase in the demand for vitamins derived from natural sources. Consumers are ready to spend additional amounts on natural personal care products. This has made North America a lucrative revenue market for vitamin manufacturers.The North American vitamins market accounts for 25.4% share of total global market, and is expected to grow at a CAGR of 6.7% from 2013 to 2018. The North America vitamins market by country was dominated by the U.S. in 2013, and it is expected to remain same in 2018. Mexico is estimated to grow at the fastest CAGR of 8.4% between 2013 and 2018. The five leading players of North America Vitamins market are DSM, BASF, DuPont, ADM & Cargil which are holding a market share of 12% followed by BASF.
Browse through the market data tables, figures and detailed ToC on the “North America Vitamins (Nutraceuticals) Market”.
Europe Vitamins (Nutraceuticals) Market:
Europe has the largest market for vitamins as nutraceuticals, due to high consumer awareness related to balance diet and nutrition. The aging population, lifestyle diseases, and the increased health concerns and awareness related to cardiac disorders, have given way to a rise in demand for nutraceuticals that contain vitamins since they are imperative ingredients. Dietary supplements hold the maximum market in Europe for vitamins. A large number of infants as well as the aging population have caused an increase in demand for dietary supplements. The European vitamins market accounts for 27.6% share of total global market and is expected to grow at a CAGR of 6.8% from 2013 to 2018. The Europe vitamins market by country is dominated by Germany in 2013, and it is expected to remain same in 2018. DSM, BASF, DuPont, Honson Group, ADM and Cargill are the leading players for Vitamins as Nutraceuticals.
Asia-Pacific Vitamins (Nutraceuticals) Market:
China has been dominating the global vitamin production. The rising per capita income in this region has catapulted the demand for quality health nutrition. Rapid urbanisation and lifestyle change drives consumers towards healthy diet options. The rapid economic development has induced the Asia-Pacific region to become a major market for global vitamin manufacturers. Dietary supplements product segment has generated maximum revenues in this region. The Asia-Pacific vitamins market accounts for 32% share of total global market, and is expected to grow at a CAGR of 7.0% from 2013 to 2018. The Asia-Pacific vitamins market by country was dominated by Japan in 2013, and it is expected to remain same in 2018. India is estimated to grow with the fastest CAGR of 7.3% between 2013 and 2018. The company-wise vitamins-Asia Pacific segmentation can be done into BASF, DSM, DuPont & ADM.
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