Vitamin Ingredients Market Analysis

Vitamin Ingredients Market Analysis

Vitamin A market size for food applications was valued over USD 180 million in 2017. Rising incidence of ophthalmic illnesses, increase in the geriatric population, increasing healthcare expenditure and booming food & beverages sector may stimulate industry growth. This product helps in adequate growth & development, lowers cancer risk along with treating eye disorders such as cataract, night blindness & myopia thereby boosting the market for food & personal care applications.
 

Vitamin D market size for personal care applications may witness significant growth rate at around 4% by 2024. Increasing investments, and rising incidence of chronic illnesses may increase product demand. This nutrient helps in optimum calcium absorption for bone health, reduces depression, helps prevent diabetes, hypertension, and vitamin D deficiency which may lead to breast, colon, prostate cancer & bone malformations.
 

Vitamin E market size for food applications may grow significantly at over 3.5% up to 2024. Rising healthcare cost and increasing geriatric population in Japan, the U.S. and Germany is likely to drive the overall market for food & personal care applications. helps in preventing free radicals, balances cholesterol, lower cancer risk, repairs skin and promotes muscle strength. Growing preference for a healthy lifestyle along with increasing healthy diet adoption and dietary supplements may accelerate industry growth.
 

Food applications from vitamin B1 market size was valued at over USD 95 million in 2017. This water-soluble nutrient plays a vital role in muscle, nerve & heart function, glucose metabolism and is used to treat various digestive problems such as diarrhea and poor appetite thus stimulating vitamin ingredients market for food & personal care applications. It is used in the fortification of various consumables such as dietetic products, and baby feed products. Vitamin-B1 has vast application potential in white rice, flour and cereal-based products which may promote growth of vitamin ingredients market for food & personal care applications.
 

Vitamin C market size from beverage applications shall witness average gains at over 2.5% during the predicted timeframe. This nutrient is primarily used in the manufacturing of energy drinks, soft drinks and fruit-juice based beverages which indicates vast growth potential for vitamin ingredients market for food & personal care applications. It improves product appearance and palatability. It reduces oxidative flavor spoilage in soft drinks and reduces oxygen content in canned & bottled beverages which may accelerate growth of vitamin ingredients market for food & personal care applications.
 

North America driven by Canada, Mexico, and the U.S. market for food & personal care applications witnessed a consumption at over 32.5 kilo tons in 2017. Rapidly aging population along with increasing demand for low calorie dietary products for reducing obesity may stimulate industry growth in the region. Favorable policies regarding acceptance of organic personal care products by health & safety regulatory bodies may further stimulate regional market growth.
 

Asia Pacific led by India, Japan, Australia and China market for food & personal care applications may grow significantly at over 4.5% over the forecast period. Increasing nutritional imbalance owing to rising alcohol consumption, smoking and junk food intake with lifestyle change is predicted to increase product demand. This region has witnessed rapid economic growth which has boosted per-capita disposable income thereby allowing consumers to increase spending on functional feed and dietary supplements and stimulating thr market for food & personal care applications.