Vitamin and Provitamin Market is
expected to grow at a significant CAGR in the upcoming period as the scope and
its applications are rising enormously across the globe. A provitamin also
termed as previtamin, is a substance that may be converted into a vitamin
within the body. The provitamin B5 may be converted in the body to vitamin B5
(pantothenic acid). Beta-carotene is a provitamin composed of two retinyl
groups. It is broken down in the mucosa of the small intestine by beta-carotene
dioxygenase to retinal, a form of vitamin A.
The factors that are playing a major role in the growth of
market are the rising demand from end-users for growth and development and the
rising use to maintain the immune system and good vision. However, excessive
use may have an adverse effect on health may restrain overall market growth in
the years to come. Vitamin and provitamin market is segmented based on vitamin
type, provitamin type, and region.
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Vitamin E, vitamin C, vitamin B12, vitamin B6, D- /DL-pantothenic
acid (vitamin B3/vitamin B5), vitamin B2, vitamin B1, vitamin A, and other
product types could be explored in vitamin and provitamin industry in the
forecast period. Vitamin E accounted for the substantial market share of
vitamin and provitamin and is estimated to lead the overall market in the years
to come. Provitamin D3 (7-dehydrocholesterol), provitamin D2 (ergosterol), and
other provitamin types could be explored in vitamin and provitamin in the
forecast period.
Globally, Asia Pacific accounted for the substantial market
share of vitamin and provitamin and is estimated to lead the overall market in
the years to come. The reason behind the overall market growth could be the
presence of key manufacturers in the region and the growing demand from the
end-users. The developing countries like India, China, and Japan are the major
consumers of vitamin and provitamin in this region.
Europe and North America are also estimated to have a
positive influence on future growth. North America is the second largest region
with significant market share. The United States is a major consumer of vitamin
and provitamin in this region. However, Europe is estimated to grow at the
highest CAGR in the forecast period. Also, the strongest annual growth may take
place in Slovakia, Slovenia, Panama, Belgium, and the Netherlands in the
forecast period.
The key players of vitamin and provitamin market are
Nestmann Pharma Gmbh, Salzhäusl Himalaya Kristallsalz GmbH, Magisterfood Robert
Scheffert Gmbh, Evolution Gmbh, Aplantis Gmbh, and Nature Vital Power Kg. These
players are concentrating on inorganic growth to sustain themselves amidst
fierce competition.
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Market Segment:
The latest market
data for this research include:
•
Overall vitamin and provitamin market size,
2011-2022
•
Vitamin and provitamin market size by product
segment, 2011-2022
•
Growth rates of the overall vitamin and
provitamin market and different product segments, 2011-2022
•
Shares of different product segments of the
overall vitamin and provitamin market, 2011, 2017 and 2022
The product segments
discussed in the data reports include:
•
Vitamins (dosage)
•
Intermixtures of vitamins and vitamin
concentrates
•
Unmixed vitamin A
•
Unmixed vitamin B1
•
Unmixed vitamin B12
•
Unmixed vitamin B2
•
Unmixed vitamin B3 and B5, D-or DL-panthothenic
acids
•
Unmixed vitamin B6
•
Unmixed vitamin C
•
Unmixed vitamin E
•
Other unmixed vitamins and provitamins
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