Global vitamin and provitamin market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. A provitamin also termed as previtamin, is a substance that may be converted into a vitamin within the body. The provitamin B5 may be converted in the body to vitamin B5 (pantothenic acid). Beta-carotene is a provitamin composed of two retinyl groups. It is broken down in the mucosa of the small intestine by beta-carotene dioxygenase to retinal, a form of vitamin A.
The factors that are playing a major role in the growth of market are the rising demand from end-users for growth and development and the rising use to maintain the immune system and good vision. However, excessive use may have an adverse effect on health may restrain overall market growth in the years to come. Vitamin and provitamin market is segmented based on vitamin type, provitamin type, and region.
Vitamin E, vitamin C, vitamin B12, vitamin B6, D- /DL-pantothenic acid (vitamin B3/vitamin B5), vitamin B2, vitamin B1, vitamin A, and other product types could be explored in vitamin and provitamin industry in the forecast period. Vitamin E accounted for the substantial market share of vitamin and provitamin and is estimated to lead the overall market in the years to come. Provitamin D3 (7-dehydrocholesterol), provitamin D2 (ergosterol), and other provitamin types could be explored in vitamin and provitamin in the forecast period.
Globally, Asia Pacific accounted for the substantial market share of vitamin and provitamin and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region and the growing demand from the end-users. The developing countries like India, China, and Japan are the major consumers of vitamin and provitamin in this region.
Europe and North America are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. The United States is a major consumer of vitamin and provitamin in this region. However, Europe is estimated to grow at the highest CAGR in the forecast period. Also, the strongest annual growth may take place in Slovakia, Slovenia, Panama, Belgium, and the Netherlands in the forecast period.
The key players of vitamin and provitamin market are Nestmann Pharma Gmbh, Salzhäusl Himalaya Kristallsalz GmbH, Magisterfood Robert Scheffert Gmbh, Evolution Gmbh, Aplantis Gmbh, and Nature Vital Power Kg. These players are concentrating on inorganic growth to sustain themselves amidst fierce competition.
The latest market data for this research include:
• Overall vitamin and provitamin market size, 2011-2022
• Vitamin and provitamin market size by product segment, 2011-2022
• Growth rates of the overall vitamin and provitamin market and different product segments, 2011-2022
• Shares of different product segments of the overall vitamin and provitamin market, 2011, 2017 and 2022
The product segments discussed in the data reports include:
• Vitamins (dosage)
• Intermixtures of vitamins and vitamin concentrates
• Unmixed vitamin A
• Unmixed vitamin B1
• Unmixed vitamin B12
• Unmixed vitamin B2
• Unmixed vitamin B3 and B5, D-or DL-panthothenic acids
• Unmixed vitamin B6
• Unmixed vitamin C
• Unmixed vitamin E
• Other unmixed vitamins and provitamins
The reports help answering the following questions:
• What is the current size of the vitamin and provitamin market in the world and in the top 10 global countries?
• How is the vitamin and provitamin market divided into different product segments?
• How are the overall market and different product segments growing?
• How is the market predicted to develop in the future?
• What is the market potential compared to other countries?
Among the key reasons to purchase include the following:
• Gain an outlook of the historic development, current market situation, and future outlook of the vitamin and provitamin market in the world and in the top 10 global countries to 2022
• Track industry development and identify market opportunities
• Plan and develop marketing, market-entry, market expansion, and other business strategies by identifying the key market opportunities and prospects
• Save time and money with the readily accessible key market data included in the report. The market data is clearly presented and can be easily incorporated into presentations, internal reports, etc.
Research Support Specialist, USA