Growth in Vitamins Market Anticipated to Hit $26.03 Billion by 2031

Vitamins Market Projected to Hit $26.03 Billion by 2031

Vitamins Market- 2024-203 Meticulous Research a leading global market research company, published a research report titled Vitamins Market Global Opportunity Analysis and Industry Forecast (2024- 2031) . According to this latest publication from Meticulous Research , the Vitamins market is expected to reach $26.03 billion by 2031, at a CAGR of 7.5% from 2024 to 2031. Download Free Sample Report@ https://www.meticulousresearch.com/download-sample- report/cp_id=6048?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_ter m=28-10-2024 The vitamins market is experiencing substantial growth, driven by increasing demand for fortified foods, functional beverages, and dietary supplements, along with rising awareness about vitamin deficiencies and health expenditures. However, challenges such as fluctuations in raw material availability and the high costs of naturally sourced vitamins are restraining market expansion. The market also presents new growth opportunities, fueled by rising demand for naturally sourced products and personal care items. Nonetheless, issues like counterfeit dietary supplements and the lack of standardized regulatory frameworks pose significant obstacles to growth. Key trends in the vitamins market include a surge in clean-label products and a growing focus on health and wellness. Key Players The vitamins market is moderately competitive, with the presence of numerous global, regional, and local players. Leading companies in the market include BASF SE (Germany), Archer Daniels Midland Company (U.S.), Cargill Incorporated (U.S.), Ingredion Incorporated (U.S.), Tate & Lyle PLC (U.K.), Roquette Freres (France), DSM-Firmenich AG (Switzerland), Lonza (Switzerland), Dishman Carbogen Amcis Ltd (India), Divi's Laboratories Ltd. (India), Fermenta Biotech Limited (India), Lycored Corp. (U.S.), Glanbia plc (Ireland), and Zhejiang Garden Biopharmaceutical Co. Ltd. (China), among others. The market is segmented by type, source, form, and application, with analysis across regional and country levels. Market Segmentation By Type: The vitamin B segment is expected to lead in 2024 due to heightened health awareness, increasing vitamin deficiencies, an aging population, higher consumption of processed foods, and widespread use in food, beverage, personal care, and nutraceutical applications. By Source: In 2024, plant-sourced vitamins are anticipated to dominate, driven by the growing vegan population, a preference for natural ingredients, abundant raw material availability, higher absorption rates, and rising demand for clean-label products. By Form: The dry vitamins segment is projected to hold the largest share in 2024, due to the stability, long shelf life, and ease of handling of dry vitamin products. Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Vitamins Market- 2024-203 By Application: The food and beverages segment is forecasted to experience the highest CAGR from 2024 to 2031, spurred by the demand for fortified foods, personalized nutrition, ready-to-drink functional beverages, and the increasing incorporation of vitamins into food and beverages. Regional Insights This report covers major regions, including North America (U.S., Canada), Europe (France, Germany, U.K., Italy, Spain, Poland, Netherlands, Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), and the Middle East & Africa (Saudi Arabia, South Africa, UAE, Rest of Middle East & Africa). Asia-Pacific is expected to hold the largest share of the vitamins market in 2024, followed by North America, Europe, Latin America, and the Middle East & Africa. This significant market share in Asia-Pacific is attributed to the high demand for functional foods, a rising prevalence of diseases, increased health expenditures, abundant raw materials, and the presence of numerous major market players in the region. Buy Now@ https://www.meticulousresearch.com/Checkout/47239402?utm_source=pdf&utm_medium=soc ial&utm_campaign=product&utm_term=28-10-2024 About Meticulous Research : We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with actionable market intelligence tailored to drive revenue transformation and strategic growth. Our insights reveal forward-looking revenue opportunities, providing our clients with a competitive edge through a diverse suite of research solutions syndicated reports, custom research, and direct analyst engagement. Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight key industry sectors and 20+ geographic markets. With a focus on solving the complex challenges facing global business leaders, our research enables informed decision-making that propels sustainable growth and operational excellence. We are dedicated to delivering high-impact solutions that transform business performance and fuel innovation in the competitive global marketplace. Contact Us: Meticulous Market Research Pvt. Ltd. 1267 Willis St, Ste 200 Redding, California, 96001, U.S. Email- sales@meticulousresearch.com USA: +1-646-781-8004 Europe: +44-203-868-8738 APAC: +91 744-7780008 Visit Our Website: https://www.meticulousresearch.com/ For Latest Update Follow Us: Page 2 of 3 Meticulous Research| sales@meticulousresearch.com

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