Vitamin A Ingredient Market

Global Vitamin A Ingredient Market Size (2024 to 2029)

Vitamin A Ingredient Market share value in 2024 was 269.41 million, and it is expected to grow at a CAGR of 6.50% during the forecast period 2024-2029 to reach USD 369.11 million by 2029.

Vitamins are composed of organic substances that people need in small quantities. Each vitamin has different functions for maintaining health and body functions. Vitamins are classified as fat-soluble or water-soluble. The fat-soluble vitamins are vitamin A, vitamin D, vitamin E, and vitamin K. The fat-soluble vitamins are stored in the liver, muscles, and fatty tissues. The water-soluble vitamins are Vitamin B (Vitamin B6, vitamin 12, and folate) and C. Water-soluble vitamins are not soluble in the human body. The excess amount of these vitamins is excreted in the form of urine. Vitamin A is scientifically known as Retinol. Retinol is important for normal vision, the immune system, reproduction, and growth. This also helps the human heart, lungs, and organs to work accordingly. The carotenoids present in fruits which give color to the fruits. These carotenoids are converted into Vitamin A. The main source of Vitamin A is Fish, dairy products, and eggs. The vitamin A precursor is known as provitamin A. 

The increase in the development of technologies led to advanced products increasing the growth opportunity for the global vitamin A ingredient market. The emerging countries with an increase in population, which are adopting these products, increase the demand for the global vitamin A ingredient market. The increase in initiatives taken by government and organizations towards micronutrient deficiencies, including vitamin A. The initiatives taken by these organizations involved the addition of vitamin A in staple food like wheat flour, maize, and rice. These are the factors that create the opportunity for the global vitamin A ingredient market.

Global Vitamin A Ingredient Market Drivers:

The increase in the adoption of vitamin A from a variety of industries drives the global Vitamin A ingredient market demand. The industries related to food and supplements are increasing the shares of the Vitamin A ingredient market. Additionally, the demand for these ingredients is increasing due to an increase in demand from pharmaceutical and nutraceutical companies as vitamin A is composed of nutritious substances, hence useful in making medicines and different health-related products. Vitamin A, pre-formed vitamin A, and pro-vitamin A are the key components of many products which is used by the end use-industries. Vitamin A is the main ingredient for the cosmeceuticals. This is due to its benefits for skin health and anti-aging properties. The demand for vitamin A is increased due to the beauty and personal care industry.

The increase in deficiency of vitamins across the world is a driving factor for the growth of the vitamin A ingredient market. The diseases such as Night Blindness, Infertility, Delayed Growth, and Infections in the Throat and Chest are associated with vitamin A deficiency. For instance, as per the National Library of Medicine, there are approximately 125 million preschool children with vitamin A deficiency. The increase in the prevalence of these diseases leads to an increase in demand for vitamin A ingredients which led to a boost in the global vitamin A ingredient market. Additionally, the increase in awareness of the importance of vitamins leads to an increase in the consumption of vitamin supplements, helping to boost the market. In addition, the advancement in technology and increase in research and development fuels market growth. These are the driving factors in the global vitamin A ingredient market.

Vitamin A Ingredient Market Restraints:

The lack of awareness regarding these products is the main restraining factor of the global vitamin A ingredient market. This lack of knowledge regarding dietary supplement consumption and the lack of awareness in emerging countries related to the availability of these supplements. This decreases the demand for these products, which leads to a decrease in market growth. Additionally, the strict rules and regulations regarding the manufacturing of dietary supplements hinder market growth. The high concerns related to the consumption of vitamin A supplements and the side effects related to overdose of these supplements lead to a decrease in market growth. The storage of these supplements is not easy because when Vitamin A is exposed to heat, it can degrade its potency over the period. These are the restraining factors of the global vitamin A ingredient market.

IMPACT OF COVID-19 ON THE MARKET:

Numerous industries are affected by the Covid-29. During the pandemic, there was an increase in demand for nutritious substances to boost immunity. The dietary supplements include vitamins, proteins, includes, etc. Covid-19 increased the demand for these supplements hence boosting the market. Covid-19 had a positive impact on the global Vitamin A ingredient market. Also, the World Health Organisation (WHO) advised the globally to people to eat foods that improve immunity as well as those that provide the body with the vitamins, minerals, proteins, dietary fiber, and antioxidants it needs to combat the outbreak. This resulted in an increase in demand for these substances, which include Vitamin A. Hence, Covid-19 had a positive impact on the global vitamin A ingredient market.

REPORT COVERAGE: 

This research report on the Global Vitamin A Ingredient Market  has been segmented and sub-segmented based on product, application, and region. 

Global Vitamin A Ingredient Market - By product:

• Pills
• Powder
• Creams
• Liquid

Among these, the pills segment dominates the global vitamin A ingredient market. The pills or tablet segment is expected to dominate the market over the forecasting period. This is due to the easy availability of vitamins in the form of pills or tablets. These Vitamin tablets or pills are manufactured by the pharmaceutical industry to treat vitamin A deficiencies. The increase in the prevalence of vitamin deficiency-related diseases increases the demand for vitamin A pills. This leads to an increase in market growth. The powder segment is expected to show the fastest CAGR growth over the forecasting period. This is due to the powdered vitamin A is used in the cosmetology industry to treat acne and as an anti-aging agent.

Global Vitamin A Ingredient Market - By Application:

• Pharmaceuticals
• Food and Beverage
• Cosmetics
• Animal feeds
• Others

Among these, the pharmaceutical segment dominates the global vitamin A ingredient market. The pharmaceutical segment is expected to dominate the market over the forecasting period. This is due to the high usage of vitamins in manufacturing different products. As the vitamins are fat-soluble and water-soluble, but Vitamin A is a fat-soluble vitamin, these are mostly manufactured in the form of gel formulation. This type of formulation has more bioavailability. Additionally, an increase in the prevalence of vitamin deficiency-related diseases increases the demand for the manufacturing of vitamin A formulations increasing the growth of the pharmaceutical segment. The cosmetics segment is expected to show the fastest CAGR growth over the forecasting period. Vitamins are widely used as important ingredients in skincare because they can help in reprogramming the cells, which results in healthy and beautiful skin. Hence, there is an increase in demand for Vitamin A in cosmetics.

Global Vitamin A Ingredient Market – By Region:

Regionally, the North American segment dominates the global vitamin A ingredient market. The North American region is expected to dominate the global vitamin A ingredient market over the forecasting period. This is due to an increase in awareness regarding micronutrient deficiency, which includes vitamin A. The deficiency is due to an increase in the consumption of junk food. The increase in consumption of vitamin A in the region drives regional growth. For instance, the National Institute of Health, about 12% to 40% of U.S. people use supplements containing vitamin A. Additionally, a huge share of the United States market because of the increase in consumption of vitamin A in powder form. This is due to the powdered form having a longer shelf life.

The European segment is expected to show significant growth over the projected period. This is due to an increase in initiatives taken by the government to avoid vitamin A-related deficiencies. The increase in incidences of diseases associated with vitamin A deficiency such as vitamin A deficiency disease such as rhodopsin, a photoreceptor pigment. Additionally, the increase in collaboration and acquisition by key players boost the regional market growth.

Asia Pacific region is expected to show the fastest CAGR growth rate over the forecasting period. This is due to the high prevalence of vitamin A deficiency diseases in the region. For instance, as per the National Institute of Health, in sub-Saharan Africa and Asia, where 2% of all fatalities in children under the age of five were caused by vitamin A deficiency, more than 95% of deaths linked to it happened. The increase in disposal income in emerging countries like India, Japan, China, and Australia, also an increase in the use of Vitamin A in the industries for personal care and food and beverage industries, fuels the market growth.

KEY MARKET PLAYERS: 

Key market players of Vitamin A Ingredient Market are BASF SE (Germany), DSM (Netherlands), ADM (US), SternVitamin GmbH & Co. KG (Germany), Glanbia plc (US), Lonza (Switzerland), Vitablend Nederland BV (Netherlands), Zagro (Singapore), Wright Enrichment Inc. (US), Adisseo (China), Showa Denko K.K. (Japan), Farbest Brands (US), Jubilant Life Sciences Ltd. (India).

RECENT HAPPENINGS IN THE MARKET:

At its Verbund location in Ludwigshafen, Germany, BASF is enhancing its global formulation capabilities to solidify its market position in the vitamin A sector. The cutting-edge facility, which is integrated into the site's vitamin manufacturing, will support and increase the production of premium vitamin A powder products for the animal nutrition sector.