Growth Opportunities in Vitamin and Mineral Ingredients for Human Nutrition, Global, 2024-2030

Description

Rising Consumer Awareness and Technological Advances Are Driving Transformational Growth Through Personalized Nutrition

Vitamins are organic compounds classified based on their solubility into water- and fat-soluble vitamins. Water-soluble vitamins include Vitamin C and B, whereas fat-soluble vitamins include Vitamin A, D, E, and K. On the other hand, minerals are inorganic elements essential for maintaining proper metabolism. These are used in the human nutrition industry as a source of minerals and as an additive or excipient in the personal care and pharmaceutical industry. The application areas considered in the analysis include food and beverage (F&B), dietary supplements, specialized nutrition, personal care, and pharmaceuticals. The analysis also covers a detailed value chain analysis, new product launches by key manufacturers, and the market activity of notable suppliers.

Frost & Sullivan finds that the overall vitamin and mineral ingredients industry is at a mature stage of development, and growth in the demand for nutraceuticals will be the leading driver for vitamin and mineral ingredients over the forecast period. Rising production costs and inflationary pressure will continue to pressure vitamin and mineral suppliers and product formulators. As such, prices will remain volatile during the forecast period.

Minerals held the largest share in the overall vitamin and mineral ingredients industry in terms of volume and revenue in 2023. We expect minerals to register slightly higher demand than vitamins over the forecast period due to the growing awareness of the health benefits of different mineral ingredients and the increase in fortification of micronutrients across different F&B products. The growing aging population and the adoption of women's and children's health supplements will drive the demand for vitamin ingredients.

Geographically, Asia-Pacific (APAC) held the largest share of the global vitamin and mineral ingredients market in 2023 due to the scale of F&B, supplements, and pharmaceutical industries in the region. China, India, and Japan are some of the high-growth markets, driving the bulk of the demand for vitamin and mineral ingredients in APAC. Latin America, the Middle East, and Africa will witness the highest growth over the forecast period due to rising population, rapid urbanization, and growing per-capita income.

Product Code: PFF3-88

Growth Environment: Transformation in the Vitamin and Mineral Ingredients Industry

Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Vitamin and Mineral Ingredients Industry

Growth Environment: Ecosystem in the Vitamin and Mineral Ingredients Industry

Scope of Analysis
Segmentation
Vitamin Definitions
Mineral Definitions
Application Definitions
Value Chain Analysis

Growth Environment: Companies to Action (C2A), Vitamin and Mineral Ingredients Industry

Competitive Environment
Key Competitors
Product Matrix: Vitamins
Product Matrix: Minerals
Recent Developments, 2021-2024
New Product Developments, Vitamin and Mineral-based Finished Products, 2021-2024

Growth Opportunity Analysis: Growth Generator in the Vitamins and Mineral Ingredients Industry

Growth Metrics
Growth Drivers
Growth Restraints
Forecast Considerations
Pricing Trends
Revenue and Unit Shipment Forecast
Revenue Forecast by Type
Volume Forecast by Type
Revenue Forecast by Region
Volume Forecast by Type
Revenue Forecast Analysis

Growth Opportunity Analysis: Growth Generator, Vitamins

Growth Metrics
Applications and Health Benefits
Revenue and Unit Shipment Forecast
Forecast Analysis
Revenue Forecast by Type
Volume Forecast by Type
Revenue and Volume Share Forecast by B Vitamin Type
Forecast Analysis
Revenue Forecast by Application
Volume Forecast by Application
Forecast Analysis by Application
Revenue Forecast by Region
Volume Forecast by Region
Forecast Analysis by Region

Growth Opportunity Analysis: Growth Generator, Minerals

Growth Metrics
Minerals Mapping by Health Benefits/Use
Revenue and Unit Shipment Forecast
Forecast Analysis
Revenue Forecast by Type
Volume Forecast by Type
Forecast Analysis
Revenue Forecast by Region
Volume Forecast by Region
Forecast Analysis by Region
Revenue Forecast by Application
Volume Forecast by Application
Forecast Analysis by Application
Revenue and Volume Share Forecast by Derivative Form
Forecast Analysis by Derivative Form

Growth Opportunity Universe

Growth Opportunity 1: Personalized Nutrition
Growth Opportunity 2: Innovative Dosage Formats
Growth Opportunity 3: Cater to Wider Health Needs Beyond Immunity
Growth Opportunity 4: Focus on High Growth Markets

Best Practices Recognition

Best Practices Recognition

Frost Radar

Frost Radar

Next Steps

Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
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