The global vitamin A market was valued at USD 769.7 million in 2020 and is projected to grow at a CAGR of 5.1% from 2019 to reach USD 1,100.30 million by the year 2028. Vitamin A is a group of unsaturated nutritional organic compounds that includes retinal, retinol, retinoic acid, and several provitamins A carotenoid. The demand is propelled by a surge in demand for nutritionally and functional enriched processed food and beverage products and the growing incidence of deficiencies, as well as the increasing use of feed fortification. Also, factors such as a rise in the geriatric population, the prevalence of ophthalmic diseases, increasing healthcare expenditure, and healthcare awareness are expected to spur the vitamin A growth.
The augmented demand for feed fortification is propelled by the rise in global dairy and meat product consumption and due to the high rate of micronutrient deficiency disorders among the global population and lack of micronutrients in food, which may lead to malnutrition. The increasing applications of these nutrients in the dietary supplement industry is one of the major factors driving the growth. In addition, creating awareness of night blindness and Eye Care in emerging economies is anticipated to be a major possibility for the industry players to establish their footmarks in this business.
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In the pharmaceutical and healthcare sectors, there is rapid change. As cell and gene therapies become increasingly available, patients are finding appropriate treatments for previously incurable diseases. Machine learning and artificial intelligence (AI) technologies are making it possible for more inventive, faster, and cheaper therapy development to take place. By utilizing data-driven projects, manufacturing, the supply chain, and the entire healthcare ecosystem can benefit. It is clear that consumer attitudes and behaviors are shifting, ranging from a greater use of technology and data sharing to a willingness to use tools to make prescriptions and treatment decisions. Pharma and healthcare markets are expected to grow in the next few years as a result of such factors.
Key Players covered in this report are
BASF SE, Pfizer, Inc., Zhejiang Medicine Co. Ltd, Adisseo, Archer Daniels Midland Company, E.I. du Pont de Nemours and Company, Integrated Biopharma, Inc.., Bayer AG, Pharmavite LLC, and Nutraceutical Corporation, and Herbalife International, Inc.
Grade (Volume, Metric Tons; 2018–2028 and Revenue, USD Million; 2018–2028)
- Feed Grade
- Food grade
- Pharmaceutical Grade
Source (Volume, Metric Tons; 2018–2028 and Revenue, USD Million; 2018–2028)
- Natural
- Synthetic
Application (Volume, Metric Tons; 2018–2028 and Revenue, USD Million; 2018–2028)
- Pro Animal Feed
- Food and Beverages
- Baby Food
- Fortified Food
- Dairy
- Bakery & Confectionery
- Beverages
- Others
- Beverages
- Pharmaceutical
- Human Nutrition
- Cosmetics
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Based on Region market is segmented into:
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
Major Points covered in this report are as below:
- An analysis of Vitamin A industry development trends and marketing channels, as well as an assessment of the feasibility of new investment projects, is presented in the study.
- In addition to providing key statistics on the industry, the report provides valuable guidance and direction for companies and individuals interested in this market through tables and figures.
- In addition to developing policies and plans, this report analyzes manufacturing processes and cost structures. It also provides information about import/export demand, costs, prices, revenues, and gross margins.
- This report provides information on the market status of Vitamin A manufacturers and provides valuable insight into the market for companies and individuals.
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We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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