Vitamins Market, By Source, By Product Type, By End Use Industry, By Distribution Channel, By Geography

Description

The Vitamins Market size is valued at US$ 7.12 Bn in 2024 and is expected to reach US$ 10.84 Bn by 2031, growing at a compound annual growth rate (CAGR) of 6.2% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2023/2024:	US$ 7.12 Bn
Historical Data for:	2019 to 2023	Forecast Period:	2024 - 2031
Forecast Period 2023/2024 to 2030/2031 CAGR:	6.20%	2030/2031 Value Projection:	US$ 10.84 Bn

Figure 1. Vitamins Market Share (%), By Region, 2024

The global vitamins market has witnessed significant growth over the past few decades. Vitamins play a key role in maintaining good health and well-being. They help in DNA synthesis, energy production, tissue growth, and cell function. Growing health consciousness among consumers and increasing awareness about the role of vitamins in the prevention of diseases have been driving the demand for vitamins supplements globally. However, factors like the availability of cheaper alternatives from local players and the preference for traditional home remedies in some regions may restrain market growth. Key vitamins include A, D, E, C, K, B complex groups, etc., that are essential for growth, vision, bone health, and cell functions. The growing focus on preventive healthcare and immunity-boosting during the pandemic has further propelled the demand for vitamins in various forms including tablets, capsules, and gummies, especially among millennials. Rising health supplement consumption, growing product innovations catering to lifestyle needs, and the ability of e-commerce to increase accessibility will continue aiding the market expansion in the coming years.

Market Dynamics:

The market has been witnessing steady growth driven by increasing health consciousness among consumers, a rising incidence of lifestyle diseases, a growing geriatric population, and improving economic conditions. The adoption of vitamins as preventive healthcare measures is gaining popularity. However, factors such as the availability of cheaper alternatives from local players, preference for traditional home remedies in some regions, and lack of awareness in underdeveloped nations pose challenges to market players. Ongoing research and development (R&D) in specialized formulations, a growing e-commerce industry, and increasing spend on healthcare provide new opportunities for market expansion.

Key Features of the Study:

This report provides an in-depth analysis of the market, and provides market size (US$ Bn) and compound annual growth rate (CAGR %) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players.
It profiles key players in the market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies.
Key companies covered as a part of this study include - Adisseo France S.A.S , Archer Daniels Midland Co., BASF SE, CSPC Pharmaceuticals Group Limited, Lonza Group Ltd., North China Pharmaceuticals Corporation, Pharmavite LLC, and Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd., Vitablend Nederland B.V, Farbest Brands.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up gradation, market expansion, and marketing tactics.
The market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the market.

Global Vitamins Market - Detailed Segmentation:

By Source
- Plant
- Animal
- Others
By Product Type
- Vitamins A
- Vitamins B
- Vitamins C
- Vitamins D
- Vitamins E
- Vitamins K
By End Use Industry
- Food & Beverages
- Personal Care
- Animal Feed
- Pharmaceuticals
- Others
By Distribution Channel
- Hypermarket
- Supermarket
- Mass Merchandisers
- Specialty Stores
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East
- Africa
Top Companies in this Market
- Adisseo France S.A.S
- Archer Daniels Midland Co.
- BASF SE
- CSPC Pharmaceuticals Group Limited
- Lonza Group Ltd.
- North China Pharmaceuticals Corporation
- Pharmavite LLC
- Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd.
- Vitablend Nederland B.V
- Farbest Brands

Product Code: CMI399

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Source
- Market Snippet, By Product Type
- Market Snippet, By End Use Industry
- Market Snippet, By Distribution Channel
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
- Drivers
Increasing demand from furniture industry
Growth in nonwoven hygiene products
Growing packaging industry
- Restraints
Stringent regulations regarding VOCs emissions
Volatility in raw material prices
- Opportunities
Product development for new Product Types
Market expansion in developing countries
Key Highlights
Regulatory Scenario
Recent Trends
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Mergers, Acquisitions, and Collaborations

4. Global Vitamins Market - Impact of Coronavirus (COVID-19) Pandemic

COVID-19 Epidemiology
Supply Side and Demand Side Analysis
Economic Impact

5. Global Vitamins Market , By Source, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Plant
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Animal
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)

6. Global Vitamins Market , By Product Type, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Vitamins A
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Vitamins B
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Vitamins C
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Vitamins D
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Vitamin E
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Vitamins K
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)

7. Global Vitamins Market, By End Use Industry, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Food & Beverages
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Personal Care
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Animal Feed
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Pharmaceuticals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)

8. Global Vitamins Market, By Distribution Channel, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, 2024-2031(%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Hypermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Supermarket
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Mass Merchandisers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Specialty Stores
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)
Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Bn)

9. Global Vitamins Market, By Region, 2019-2031, (US$ Bn)

Introduction
- Market Share Analysis, By Country, 2024-2031(%)
- Y-o-Y Growth Analysis, For Country, 2020 - 2031
- Country Trends
North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry , 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
U.S.
Canada
Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
Germany
U.K.
Spain
France
Italy
Russia
Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
China
India
Japan
Australia
South Korea
ASEAN
Rest of Asia Pacific
Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
Brazil
Argentina
Mexico
Rest of Latin America
Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Bn)
GCC Countries
Israel
Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Source, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use Industry, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Distribution Channel, 2019-2031,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Bn)
South Africa
Central Africa
North Africa

10. Competitive Landscape

Company Profile
- Adisseo France S.A.S
Company Highlights
Product Portfolio
Key Developments
Financial Performance
Strategies
- Archer Daniels Midland Co.
- BASF SE
- CSPC Pharmaceuticals Group Limited
- Lonza Group Ltd.
- North China Pharmaceuticals Corporation
- Pharmavite LLC
- Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd.
- Vitablend Nederland B.V
- Farbest Brands
Analyst Views

11. Section

References
Research Methodology
About us