World Vitamin Ingredients Market to Grow at 4.9% CAGR through 2024, Expects Variant Market Research in Its Report Available at MarketPublishers.com14 Aug 2017 • by Natalie Aster
LONDON – Encouraged by the rising awareness for preventive measures amid consumers, increasing geriatric population and many both emerging and developed countries, favourable government support and elevating demand for vitamin added foods and cosmetics, the world’s market for vitamin ingredients is witnessing steady growth. During 2017-2024, the global vitamin ingredients market is set to follow an upward trend, gaining traction at a 4.9% CAGR; by 2024 it is expected to cross USD 8.57 billion.
However, the vitamin ingredients market faces a number of growth challenges, for instance, availability of fortified foods and other supplements.
Uptake in the e-commerce sector, ongoing development in the packaging sector, rising in-store consumer education and entry of private labels offering their novel brands with improved formulations will likely open new lucrative opportunities for growth in the years ahead.
Glanbia, BASF SE, Bayer AG, Herbalife International, Adisseo France S.A.S, Pharmavite LLC, Lonza Group, Nutraceutical Corporation, Archer Daniels Midland Co., North China Pharmaceutical Corporation, are amid the top players in the world’s market for vitamin ingredients.
The in-demand topical report “Vitamin Ingredients Market (By Product Type, By Application Industry, By Geography) Global Scenario, Market Size, Outlook, Trend and Forecast, 2015-2024” published by Variant Market Research gives a detailed analysis of the market landscape and segmentation, highlights the market dynamics, reviews the key market growth influencing factors and explores the current situation across the key regional markets for vitamin ingredients. The study presents insights into the competitive landscape and profiles the prominent market participants, discusses the merging trend and opportunities, and identifies the main challenges. Moreover, the report reviews the recent product launches, canvasses effective business strategies, covers the main aspects and gives a future outlook through 2024.
Visit the Variant Market Research page to find a full collection of the publisher’s in-demand research studies.