According to the current analysis of Reports and Data, the global vitamin A market was USD 769.7 Million in 2020 and is projected to grow at a CAGR of 5.1% from 2019 to 2028. It is a fat-soluble retinoid and available in two forms, namely performed (retinol and its esterified form, retinyl ester) and pro-vitamin A (carotenoids). It aids in growth & development, boosting immune system, maintaining good vision, and promoting various hormones growth. The global consumption of Vitamin A is projected to grow at substantial rate owing to progressive outlook in the personal care products, animal feed industry, food & beverage industry, and pharmaceuticals.
According to Canadian Dermatology Association about 80-90% of the adolescent population undergo acne problem, and over 50% continues even in adulthood, which has led to high consumer adoption towards acne treatments, thereby stimulating vitamin A demand. These products provide retinol form sebum and reduces dry skin and oil generation, thus treating acne. Retinol and antioxidants nourish the skin from the inside and make skin healthy. It also plays a major role against fighting Age-Related Macular Degeneration (AMD) (blurred vision), glaucoma, and cataracts risk and it also preserves vision among the geriatric population. According to the National Eye Institute (NEI), AMD is one of the leading causes of vision loss in the U.S., affecting more than 1.75 million people. Moreover, due to the increased geriatric population, blurred vision is likely to grow, affecting around 30 lakh people by the year 2020. Meanwhile, the International Agency for the Prevention of Blindness (IAPB) projected that by 2020, 19.6 crore people might suffer from blurred vision worldwide; this figure can rise to 28.8 crore by 2040 which is showing lucrative opportunities for vitamin A industry players to manufacture pharmaceutical grade and food grade products. However, government regulations related to the approval of vitamin A products as pharmaceutical products hinder the vitamin A market.
WHO promotes food fortification to eradicate malnutrition issues in underdeveloped countries. Rising consumer health awareness in the U.S., U.K., and Japan has witnessed momentous progression in fortified food demand. Share for vitamin A in the North American region is expected to witness significant growth over the forecast period. A surge in economic standards sustained by rapid urbanization has led to a shift in consumer focus towards healthy nutrition might also propel vitamin A market growth in this region.
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The report provides a panoramic view of the market and insights that will help formulate better business decisions. In addition to that, the study helps well-established companies and players gain a deeper understanding of the market and make informed decisions. The report also discusses in detail about the key factors influencing the market growth.
Key companies operating in the market include:
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.
The report covers an extensive analysis of the key market players in the market along with their business overview, expansion plans, and strategies. The report also focuses on recent strategic alliances in the market including mergers and acquisitions, joint ventures, partnerships, agreements, corporate and government deals, product launches, and brand promotions, among others.
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The report aims to provide a better understanding of the market dynamics and the workings of the industry on a global level. To gain a deeper understanding of the industry, the global Vitamin A market is further segmented on the basis of key geographical regions such as North America, Latin America, Europe, Asia-Pacific, and the Middle East & Africa. The report also offers a country-wise analysis to provide crucial insights into market size, market growth, market revenue growth, and economic growth in each region.
On basis of product types and application offered by the Vitamin A industry, the market is segmented into:
Grade (Volume, Metric Tons; 2018-2028, Revenue, USD Million; 2018-2028)
• Feed Grade
• Food grade
• Pharmaceutical Grade
Source (Volume, Metric Tons; 2018-2028, Revenue, USD Million; 2018-2028)
Application (Volume, Metric Tons; 2018-2028 Revenue, USD Million; 2018-2028)
• Pro Animal Feed
• Food and Beverages
o Baby Food
o fortified food
o Bakery & Confectionery
• Human Nutrition
Distribution Channel (Volume, Metric Tons; 2018-2028, Revenue, USD Million; 2018-2028)
The regional analysis covers:
• North America
o Rest of Europe
• Asia Pacific
o South Korea
o Rest of APAC
• Latin America
o Rest of LATAM
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of MEA
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Benefits of Vitamin A Market Report:
• Panoramic overview of the opportunities and risks in the Vitamin A sector
• Study of recent innovations and developments in the industry
• Comprehensive study of the growth pattern of the Vitamin A industry
• In-depth assessment of the competitive landscape of the key players of the Vitamin A industry
• Analysis of the Vitamin A market drivers, constraints, and opportunities
• Assessment of technological developments and latest trends of the industry
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