Esterified Vitamins Market Size, Share, and Analysis, By Distribution Channel (Online Retail, Supermarkets, Others (e.g. Specialty Stores, etc.)), By End Use (Pharmaceutical, Nutraceutical, Others) and Regional Forecasts, 2022-2032
Esterified Vitamins Market Size, Share, and Analysis, By Distribution Channel (Online Retail, Supermarkets, Others (e.g. Specialty Stores, etc.)), By End Use (Pharmaceutical, Nutraceutical, Others) and Regional Forecasts, 2022-2032
PRODUCT OVERVIEW:
The Global Esterified Vitamins market size was USD 31.7 billion in 2021 and projected to grow from USD 40 billion in 2023 to USD 116.1 billion by 2032, exhibiting a CAGR of 12.5 % during the forecast period.
Esterified vitamins are formed by the transfer of phenol group of vitamins into esters, utilizing either acetic acid or succinic acid. By this modification, the vitamins become stable and have better shelf-life when compared to conventional vitamins. Esterified vitamins help in maintaining healthy immunological function, increase iron absorption, and provide benefits when utilized in nutraceuticals and other healthcare systems. Esterified vitamins are useful in quick absorption of iron and for healthy immune system and are used by nutraceuticals manufacturers.
MARKET HIGHLIGHTS
Global Esterified Vitamins Market is expected to project a CAGR of 12.5% during the forecast period, 2022-2032
The Global Esterified Vitamins Market is expected to reach USD 116.1 billion at a CAGR of 12.5 % during forecast period owing to the increasing use of esterified vitamins in dairy items, sauces, refreshments, bakery products, and dressings is expected to boost the market. Interest of people has increased for maintaining wellness through diet, the healthcare expenditure has increased, and the growth of geriatric population are expected to fuel the global Esterified Vitamins market. The intake of vitamins in regular diet is increasing owing to the increased health-conscious of consumers which is helping in the growth of esterified vitamins market. Easy availability of vitamins vitamin A, E, D, C and B in combination with other dietary supplements is also helping to the growth of global market.
GLOBAL ESTERIFIED VITAMINS MARKET SEGMENTATION:
Supermarkets segment is expected to grow with high CAGR during the forecast period
The Global Esterified Vitamins Market is classified based on the Distribution Channel into Online Retail, Supermarkets, Others. The supermarkets segment has the highest market share and dominated the market in 2021 and is also expected to grow during the forecast period. For wellness products, a separate section in supermarkets is established to enable easy identify of a desired brand, which is propelling the market growth. Well-established, arranged and maintained products, customer preferences regarding certain products and brands, and customer willingness to pay for specific products are factors which will boost the growth of the supermarkets segment over the forecast period.
Pharmaceutical segment is expected to grow with high CAGR during the forecast period
MARKET DYNAMICS:
Growth Drivers
Global Esterified Vitamins market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America is dominating the market with highest market share towards dietary supplements owing to rising growth with esterified vitamins. Presence of large-scale manufacturers in the region focusing on the development of supplements that would propel the esterified vitamins market share in the region. Besides, dietary supplements infused with esterified vitamins have high antioxidant properties and high absorption, which would drive sales in North America. Asia Pacific is expected to grow during the forecast period owing to the increasing awareness on the importance of health and wellness in emerging counties. The rising number of supermarkets across Asia Pacific is a factor which helps to the growth of market. Supermarkets contain a separate section for wellness products which allow consumers to select brand easily.
Segmentation
PRODUCT OVERVIEW:
The Global Esterified Vitamins market size was USD 31.7 billion in 2021 and projected to grow from USD 40 billion in 2023 to USD 116.1 billion by 2032, exhibiting a CAGR of 12.5 % during the forecast period.
Esterified vitamins are formed by the transfer of phenol group of vitamins into esters, utilizing either acetic acid or succinic acid. By this modification, the vitamins become stable and have better shelf-life when compared to conventional vitamins. Esterified vitamins help in maintaining healthy immunological function, increase iron absorption, and provide benefits when utilized in nutraceuticals and other healthcare systems. Esterified vitamins are useful in quick absorption of iron and for healthy immune system and are used by nutraceuticals manufacturers.
MARKET HIGHLIGHTS
Global Esterified Vitamins Market is expected to project a CAGR of 12.5% during the forecast period, 2022-2032
The Global Esterified Vitamins Market is expected to reach USD 116.1 billion at a CAGR of 12.5 % during forecast period owing to the increasing use of esterified vitamins in dairy items, sauces, refreshments, bakery products, and dressings is expected to boost the market. Interest of people has increased for maintaining wellness through diet, the healthcare expenditure has increased, and the growth of geriatric population are expected to fuel the global Esterified Vitamins market. The intake of vitamins in regular diet is increasing owing to the increased health-conscious of consumers which is helping in the growth of esterified vitamins market. Easy availability of vitamins vitamin A, E, D, C and B in combination with other dietary supplements is also helping to the growth of global market.
GLOBAL ESTERIFIED VITAMINS MARKET SEGMENTATION:
Supermarkets segment is expected to grow with high CAGR during the forecast period
The Global Esterified Vitamins Market is classified based on the Distribution Channel into Online Retail, Supermarkets, Others. The supermarkets segment has the highest market share and dominated the market in 2021 and is also expected to grow during the forecast period. For wellness products, a separate section in supermarkets is established to enable easy identify of a desired brand, which is propelling the market growth. Well-established, arranged and maintained products, customer preferences regarding certain products and brands, and customer willingness to pay for specific products are factors which will boost the growth of the supermarkets segment over the forecast period.
Pharmaceutical segment is expected to grow with high CAGR during the forecast period
MARKET DYNAMICS:
Growth Drivers
- Increasing Geriatric Population is Expected to Boost the Growth of the Market
- Rise in Awareness About the Utilization of Health Care Supplements
- Toxicity on Increased Consumption May Restrain the Market Growth
- Natrol Vitamins & Supplements
- Natures Plus
- Vitae Naturals
- Thompson’s
- Other Prominent Players
Global Esterified Vitamins market is segmented based on regional analysis into five major regions: North America, Latin America, Europe, Asia Pacific and the Middle East and Africa. North America is dominating the market with highest market share towards dietary supplements owing to rising growth with esterified vitamins. Presence of large-scale manufacturers in the region focusing on the development of supplements that would propel the esterified vitamins market share in the region. Besides, dietary supplements infused with esterified vitamins have high antioxidant properties and high absorption, which would drive sales in North America. Asia Pacific is expected to grow during the forecast period owing to the increasing awareness on the importance of health and wellness in emerging counties. The rising number of supermarkets across Asia Pacific is a factor which helps to the growth of market. Supermarkets contain a separate section for wellness products which allow consumers to select brand easily.
Segmentation
- By Distribution Channel
- Online Retail
- Supermarkets
- Others
- By End Use
- Pharmaceutical
- Nutraceutical
- Others
- Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
- Provision of market value (USD Billion) data for each segment and sub-segment
- Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
- Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
- Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
- Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
- The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
- Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
1 EXECUTIVE SUMMARY
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Esterified Vitamins Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Esterified Vitamins Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL ESTERIFIED VITAMINS MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL ESTERIFIED VITAMINS MARKET
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 GLOBAL ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Distribution Channel
11.3.1.1. Online Retail
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Supermarkets
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. Others
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By End Use
11.3.2.1. Pharmaceutical
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Nutraceutical
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Others
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
12 NORTH AMERICA ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Distribution Channel
12.3.2. By End Use
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Distribution Channel
13.3.2. By End Use
13.3.3. Country
13.3.4. Germany
13.3.5. United Kingdom
13.3.6. France
13.3.7. Italy
13.3.8. Spain
13.3.9. Russia
13.3.10. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Distribution Channel
14.3.2. By End Use
14.4. By Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Distribution Channel
15.3.2. By End Use
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Distribution Channel
16.3.2. By End Use
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Natrol Vitamins & Supplements
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Natures Plus
18.3. Vitae Naturals
18.4. Thompson’s
18.5. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
1.1. Regional Market Share
1.2. Business Trends
1.3. Global Esterified Vitamins Market: COVID-19 Outbreak
1.4. Regional Trends
1.5. Segmentation Snapshot
2 RESEARCH METHODOLOGY
2.1. Research Objective
2.2. Research Approach
2.3. Data Sourcing and Methodology
2.4. Primary Research
2.5. Secondary Research
2.5.1. Paid Sources
2.5.2. Public Sources
2.6. Market Size Estimation and Data Triangulation
3 MARKET CHARACTERISTICS
3.1. Market Definition
3.2. Global Esterified Vitamins Market: COVID-19 Impact
3.3. Key Segmentations
3.4. Key Developments
3.5. Allied Industry Data
4 GLOBAL ESTERIFIED VITAMINS MARKET – INDUSTRY INSIGHTS
4.1. Industry Segmentation
4.2. COVID-19 overview on world economy
4.3. Industry ecosystem Channel analysis
4.4. Innovation & Sustainability
5 MACROECONOMIC INDICATORS
6 RECENT DEVELOPMENTS
7 MARKET DYNAMICS
7.1. Introduction
7.2. Growth Drivers
7.3. Market Opportunities
7.4. Market Restraints
7.5. Market Trends
8 RISK ANALYSIS
9 MARKET ANALYSIS
9.1. Porters Five Forces
9.2. PEST Analysis
9.2.1. Political
9.2.2. Economic
9.2.3. Social
9.2.4. Technological
10 GLOBAL ESTERIFIED VITAMINS MARKET
10.1. Overview
10.2. Historical Analysis (2016-2021)
10.2.1. Market Size, Y-o-Y Growth (%) and Market Forecast
11 GLOBAL ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
11.1. Overview
11.2. Key Findings
11.3. Market Segmentation
11.3.1. By Distribution Channel
11.3.1.1. Online Retail
11.3.1.1.1. By Value (USD Million) 2022-2032F
11.3.1.1.2. Market Share (%) 2022-2032F
11.3.1.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.2. Supermarkets
11.3.1.2.1. By Value (USD Million) 2022-2032F
11.3.1.2.2. Market Share (%) 2022-2032F
11.3.1.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.1.3. Others
11.3.1.3.1. By Value (USD Million) 2022-2032F
11.3.1.3.2. Market Share (%) 2022-2032F
11.3.1.3.3. Y-o-Y Growth (%) 2022-2032F
11.3.2. By End Use
11.3.2.1. Pharmaceutical
11.3.2.1.1. By Value (USD Million) 2022-2032F
11.3.2.1.2. Market Share (%) 2022-2032F
11.3.2.1.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.2. Nutraceutical
11.3.2.2.1. By Value (USD Million) 2022-2032F
11.3.2.2.2. Market Share (%) 2022-2032F
11.3.2.2.3. Y-o-Y Growth (%) 2022-2032F
11.3.2.3. Others
11.3.2.3.1. By Value (USD Million) 2022-2032F
11.3.2.3.2. Market Share (%) 2022-2032F
11.3.2.3.3. Y-o-Y Growth (%) 2022-2032F
12 NORTH AMERICA ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
12.1. Overview
12.2. Key Findings
12.3. Market Segmentation
12.3.1. By Distribution Channel
12.3.2. By End Use
12.4. Country
12.4.1. United States
12.4.2. Canada
13 EUROPE ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
13.1. Overview
13.2. Key Findings
13.3. Market Segmentation
13.3.1. By Distribution Channel
13.3.2. By End Use
13.3.3. Country
13.3.4. Germany
13.3.5. United Kingdom
13.3.6. France
13.3.7. Italy
13.3.8. Spain
13.3.9. Russia
13.3.10. Rest of Europe (BENELUX, NORDIC, Hungary, Turkey & Poland)
14 ASIA ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
14.1. Overview
14.2. Key Findings
14.3. Market Segmentation
14.3.1. By Distribution Channel
14.3.2. By End Use
14.4. By Country
14.4.1. India
14.4.2. China
14.4.3. South Korea
14.4.4. Japan
14.4.5. Rest of APAC
15 MIDDLE EAST AND AFRICA ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
15.1. Overview
15.2. Key Findings
15.3. Market Segmentation
15.3.1. By Distribution Channel
15.3.2. By End Use
15.4. Country
15.4.1. Israel
15.4.2. GCC
15.4.3. North Africa
15.4.4. South Africa
15.4.5. Rest of Middle East and Africa
16 LATIN AMERICA ESTERIFIED VITAMINS MARKET SIZE & FORECAST 2022A-2032F
16.1. Overview
16.2. Key Findings
16.3. Market Segmentation
16.3.1. By Distribution Channel
16.3.2. By End Use
16.4. Country
16.4.1. Mexico
16.4.2. Brazil
16.4.3. Rest of Latin America
17 COMPETITIVE LANDSCAPE
17.1. Company market share, 2021
17.2. Key player overview
17.3. Key stakeholders
18 COMPANY PROFILES
18.1. Natrol Vitamins & Supplements
18.1.1. Company Overview
18.1.2. Financial Overview
18.1.3. Key Product; Analysis
18.1.4. Company Assessment
18.1.4.1. Product Portfolio
18.1.4.2. Key Clients
18.1.4.3. Market Share
18.1.4.4. Recent News & Development (Last 3 Yrs.)
18.1.4.5. Executive Team
18.2. Natures Plus
18.3. Vitae Naturals
18.4. Thompson’s
18.5. Other Prominent Players
19 APPENDIX
20 CONSULTANT RECOMMENDATION
