Global Vitamin Ingredients Market in 2015-2019
Vitamins are organic compounds that are required by living organisms in minute quantities to maintain a normal metabolic activity. These compounds usually cannot be synthesized by the organism and have to be obtained through external sources. The term “vitamin” is a generic descriptor for a group of chemical compounds or ingredients that have similar molecular structure and have the capability to perform the required vitamin-activity. These chemical compounds or vitamin ingredients are often called as vitamers. There are thirteen different known types of vitamins with each type having multiple vitamers. For instance, Vitamin A has about six vitamers: retinol, retinal, and four other carotenoids. The demand for vitamins and subsequently for vitamin ingredients is on a continuous rise over the past two decades, owing to radical changes in lifestyles and diet patterns. We also attribute most of the vitamin deficiencies to genetic disorders and the modern food processing techniques. The causes for vitamin deficiencies are only growing stronger day by day, and this we believe shall lead to an uptrend in health disorders and subsequently in the consumption of vitamin supplements. In this report, we thus tried to capture the upstream market of vitamin supplements, i.e., vitamin ingredients.
Technavio's analysts forecast the global vitamin ingredients market to grow at a CAGR of 4.41% over the period 2015-2019.
Covered in this Report
This report covers the present scenario and the growth prospects of the global vitamins ingredient market for the period 2015-2019. The report further provides data on the following segments of the market:
Technavio Announces the Publication of its Research Report – Global Vitamin Ingredients Market 2015-2019
Technavio recognizes the following companies as the key players in the global vitamin ingredients market: Adisseo France, Amway, Archer Daniels Midland, BASF, DuPont Danisco, Lonza Group and Royal DSM
Other Prominent Vendors in the market are: AIE Pharmaceuticals, Aland (Jiangsu) Nutraceutical, Atlantic Essential Products, Bactolac Pharmaceutical and Bluebonnet Nutrition
Commenting on the report, an analyst from Technavio’s team said: “Vitamin ingredients are slowly merging into the daily food segment; this broadens the scope of the market. Fortified foods are foods that are artificially enriched with essential micronutrients. Consumers are moving away from consuming vitamins as such, and toward the use of foods strengthened with vitamin and multivitamin ingredients. These fortified foods help prevent vitamin deficiencies and diseases caused due to a deficiency.”
According to the report, the demand for vitamins, and consequently for vitamin ingredients, has been on a continuous rise over the past two decades, primarily on account of radical changes in lifestyles and diet patterns. Vitamin deficiency can also occur because of genetic disorders and modern food processing techniques.
Further, the report states that a large section of the market is untapped on account of lack of affordability for the end consumer.
Adisseo France, Amway, Archer Daniels Midland, BASF, DuPont Danisco, Lonza Group, Royal DSM, AIE Pharmaceuticals, Aland (Jiangsu) Nutraceutical, Atlantic Essential Products, Bactolac Pharmaceutical, Bluebonnet Nutrition
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