Vitamins Market Overview:
The Vitamins Market is expected to register a CAGR of 7.30% and is expected to reach a value of USD 7.860303064 billion during the forecast period. Vitamins are important for the regular development and function of the human body, as well as for a healthy metabolism. Vitamin deficiencies in the human body can cause problems. Resupply of these nutrients, on the other hand, can help to reduce deficient symptoms. Vitamins A, B, C, D, E, and K are well-known. Thiamin (B1), riboflavin (B2), niacin (B3), pantothenic acid (B5), pyridoxal (B6), cobalamin (B12), biotin, and folate/folic acid is the other well-known kinds of vitamin B.
In South Korea Vitamins Market is experiencing rapid growth, driven by changing lifestyles, increasing health awareness, and a growing interest in preventive healthcare. Vitamins are essential nutrients that play a crucial role in maintaining optimal health and well-being, supporting various bodily functions and promoting overall vitality. The market offers a diverse range of vitamin products, including single vitamins and multivitamin formulations, available in various formats such as tablets, capsules, and powders. With hectic lifestyles and dietary imbalances becoming increasingly common, South Korean consumers are turning to vitamins as a convenient and effective way to supplement their diets and address nutritional deficiencies. Moreover, the influence of K-beauty trends and the emphasis on holistic wellness are driving demand for beauty supplements enriched with vitamins and antioxidants. As consumers become more proactive about their health and seek natural and preventive healthcare solutions, the vitamins market in South Korea is expected to witness significant growth and innovation in the coming years.
Vitamins are used in a variety of industries, including food and drinks, animal feed, personal care, pharmaceuticals, and nutraceuticals. Vitamin is a carbon-based nutrient that is required by both humans and animals. Vitamin A, vitamin B1, vitamin B2, vitamin B3, vitamin B5, vitamin B6, vitamin B7, vitamin B9, vitamin B12, vitamin C, vitamin D, vitamin E, and vitamin K, all of which have diverse roles, are employed in end-use sectors. B vitamins, for example, are employed in a larger range of food and beverage applications, contribute significantly to disease prevention, and are the primary driver of the Vitamins Market.
Key Players:
The major Key Vitamins Market Players are Koninklijke DSM N.V. (the Netherlands), BASF SE (Germany), Amway Corporation (U.S.), Pfizer Inc. (U.S.), Reckitt Benckiser Group plc (U.K), Vitamin Shoppe, Inc. (U.S.), Archer-Daniels-Midland Company (U.S.), NBTY Global, Inc. (U.S.), Bayer AG (Germany), and Pharmavite LLC (U.S.).
Market Segmentation:
Based on the Type, the global Vitamins Market has been segmented into vitamin B, vitamin C, Vitamin E, and others.
Based on the Source, the global Vitamins Market has been segmented into synthetic and natural.
Based on Application, the global Vitamins Market has been segmented into food&beverages, pharmaceutical & nutraceutical, animal feed, and personal care.
Based on Region, the global Vitamins Market has been segmented into North America, Asia-pacific, Europe, and The Rest of the World (RoW).
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