In a recent published report, Kenneth Research has updated the market report for Vitamin Ingredients Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Vitamin Ingredients Market products.
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Kenneth Research has recently added a report titled Vitamin Ingredients Market in its storehouse of market research reports. The report provides a detailed insight into the market scenario on the basis of the market size and volume for the forecast period, i.e., 2021 2030. Factors such as the growing advancements in the development of novel drugs, coupled with the growing health infrastructure in several nations worldwide are anticipated to drive the growth of the market in the coming years. Moreover, increasing expenditure on healthcare, backed by the need amongst individuals for quality healthcare services, is also anticipated to contribute to the market growth.
According to the statistics by the World Bank, the current health expenditure (% of GDP) around the world increased from 9.08% in 2001 to 9.84% in 2018. Additionally, the current health expenditure per capita (current US$) increased from USD 492.99 in 2001 to USD 1110.84 in 2018. Moreover, growing concern for deaths caused due to various diseases and the need for treatment that can lower the crude death rate, which in the year 2019 recorded close to 7% (per 1000 people), are also anticipated to drive the market growth during the forecast period.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report aims to present the analysis Global Vitamin Ingredients Market. The report analyses the Vitamin Ingredients Market By Type (Fat Soluble and Water Soluble), By End User (Humans and Animals), By Region (North America, Europe, Asia Pacific, Rest of the World) and By Country (U.S, Canada, U.K, Germany, China, Japan, India). The report on Vitamin Ingredients assesses the market for the actual period of 2013-2017 and the forecast period of 2018-2023.
The Final Report will cover the impact analysis of COVID-19 on this industry:
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According to Azoth Analytics research report “Global Vitamin Ingredients Market: Analysis By Fat Soluble Vitamin (A, D, E, K), Water Soluble Vitamin (B, C), By End Users (Human, Animals), By Region, By Country (2018 Edition): Forecast to 2023”, the global vitamin ingredients market is projected to display a robust growth represented by a CAGR of 4.7% during 2018 – 2023.
The Vitamin Ingredients market witness a substantial growth at a noteworthy rate over the past few years and anticipated to grow on the back of rapidly increasing prevalence of vitamin deficiency among humans and livestock. In addition, rising consumption of vitamin ingredients in pharmaceuticals, cosmetics, food & beverages and animal feed coupled with growing retail sector, rising per capita income, expanding economy and enhanced expenditure on these products is expected to boost the market growth in future. Amongst the regions, Asia Pacific accounts for the largest regional share in the global vitamin ingredients market. Key factors driving the robust growth rate in Asia Pacific region include surging per capita income of consumers, presence of heavy consumer base backed with escalating investment by leading vitamin ingredients manufacturers, changing lifestyle, growing urbanization etc. which are fuelling the demand of vitamin ingredients in the market.
The report titled “Global Vitamin Ingredients Market: Analysis By Fat Soluble Vitamin (A, D, E, K), Water Soluble Vitamin (B, C), By End Users (Human, Animals), By Region, By Country (2018 Edition): Forecast to 2023” has covered and analysed the potential of Global Vitamin Ingredients Market and provides statistics and information on market size, shares and growth factors. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the global vitamin ingredients market. Additionally, the report also highlights market entry strategies for various companies across the globe.
Scope of the Report
Global Vitamin Ingredients Market (Actual Period: 2013-2017, Forecast Period: 2018-2023)
Vitamin Ingredients Market – Size, Growth, Forecast
Analysis By Type
- Fat Soluble (Vitamin A, D, E, K)
- Water Soluble (Vitamin B, C)
Analysis By End Users
- Humans
- Animals
Country Analysis – U.S., Mexico, Canada, United Kingdom, Germany, France, China, Japan, and India (Actual Period: 2013-2017, Forecast Period: 2018-2023)
- Vitamin Ingredients Market – Size, Growth, Forecast
Analysis By Type
- Fat Soluble (Vitamin A, D, E, K)
- Water Soluble (Vitamin B, C)
Analysis By End Users
- Humans
- Animals
Other Report Highlights
- Market Dynamics – Drivers and Restraints
- Market Trends
- SWOT Analysis
- Porter Five Forces Analysis
- Company Analysis – DSM, BASF, Bluestar Adisseo, Lonza Group, Archier Daniels Midlands, DuPont, Nutrilo GmbH, AIE pharmaceuticals, Atlantic Essential Products Inc., Parc Acre
Customization of the Report
The report could be customized according to the client’s specific research requirements. No additional cost will be required to pay for limited additional research.
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