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Growth Opportunities in Vitamin and Mineral Ingredients for Human Nutrition, Global, 2024 2030
Growth Opportunities in Vitamin and Mineral Ingredients for Human Nutrition, Global, 2024 2030
Rising Consumer Awareness and Technological Advances Are Driving Transformational Growth Through Personalized Nutrition
31-Jul-2024
Global
Market Research
Description
Vitamins are organic compounds classified based on their solubility into water- and fat-soluble vitamins. Water-soluble vitamins include Vitamin C and B, whereas fat-soluble vitamins include Vitamin A, D, E, and K. On the other hand, minerals are inorganic elements essential for maintaining proper metabolism. These are used in the human nutrition industry as a source of minerals and as an additive or excipient in the personal care and pharmaceutical industry. The application areas considered in the analysis include food and beverage (F&B), dietary supplements, specialized nutrition, personal care, and pharmaceuticals. The analysis also covers a detailed value chain analysis, new product launches by key manufacturers, and the market activity of notable suppliers.
Frost & Sullivan finds that the overall vitamin and mineral ingredients industry is at a mature stage of development, and growth in the demand for nutraceuticals will be the leading driver for vitamin and mineral ingredients over the forecast period. Rising production costs and inflationary pressure will continue to pressure vitamin and mineral suppliers and product formulators. As such, prices will remain volatile during the forecast period.
Minerals held the largest share in the overall vitamin and mineral ingredients industry in terms of volume and revenue in 2023. We expect minerals to register slightly higher demand than vitamins over the forecast period due to the growing awareness of the health benefits of different mineral ingredients and the increase in fortification of micronutrients across different F&B products. The growing aging population and the adoption of women’s and children’s health supplements will drive the demand for vitamin ingredients.
Geographically, Asia-Pacific (APAC) held the largest share of the global vitamin and mineral ingredients market in 2023 due to the scale of F&B, supplements, and pharmaceutical industries in the region. China, India, and Japan are some of the high-growth markets, driving the bulk of the demand for vitamin and mineral ingredients in APAC. Latin America, the Middle East, and Africa will witness the highest growth over the forecast period due to rising population, rapid urbanization, and growing per-capita income.
Author: Smriti Sharma
Table of Contents
Why Is It Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Vitamin and Mineral Ingredients Industry
Scope of Analysis
Segmentation
Segmentation (continued)
Vitamin Definitions
Vitamin Definitions (continued)
Mineral Definitions
Mineral Definitions (continued)
Application Definitions
Application Definitions (continued)
Value Chain Analysis
Competitive Environment
Key Competitors
Product Matrix: Vitamins
Product Matrix: Minerals
Recent Developments, 2021–2024
Recent Developments, 2021–2024 (continued)
New Product Developments, Vitamin and Mineral-based Finished Products, 2021–2024
Growth Metrics
Growth Drivers
Growth Restraints
Forecast Considerations
Pricing Trends
Revenue and Unit Shipment Forecast
Revenue Forecast by Type
Volume Forecast by Type
Revenue Forecast by Region
Volume Forecast by Type
Revenue Forecast Analysis
Growth Metrics
Applications and Health Benefits
Revenue and Unit Shipment Forecast
Forecast Analysis
Revenue Forecast by Type
Volume Forecast by Type
Revenue and Volume Share Forecast by B Vitamin Type
Forecast Analysis
Forecast Analysis (continued)
Forecast Analysis (continued)
Revenue Forecast by Application
Volume Forecast by Application
Forecast Analysis by Application
Forecast Analysis by Application (continued)
Revenue Forecast by Region
Volume Forecast by Region
Forecast Analysis by Region
Forecast Analysis by Region (continued)
Forecast Analysis by Region (continued)
Growth Metrics
Minerals Mapping by Health Benefits/Use
Revenue and Unit Shipment Forecast
Forecast Analysis
Revenue Forecast by Type
Volume Forecast by Type
Forecast Analysis
Forecast Analysis (continued)
Forecast Analysis (continued)
Forecast Analysis (continued)
Forecast Analysis (continued)
Revenue Forecast by Region
Volume Forecast by Region
Forecast Analysis by Region
Forecast Analysis by Region (continued)
Forecast Analysis by Region (continued)
Revenue Forecast by Application
Volume Forecast by Application
Forecast Analysis by Application
Revenue and Volume Share Forecast by Derivative Form
Forecast Analysis by Derivative Form
Growth Opportunity 1: Personalized Nutrition
Growth Opportunity 1: Personalized Nutrition (continued)
Growth Opportunity 2: Innovative Dosage Formats
Growth Opportunity 2: Innovative Dosage Formats (continued)
Growth Opportunity 3: Cater to Wider Health Needs Beyond Immunity
Growth Opportunity 3: Cater to Wider Health Needs Beyond Immunity (continued)
Growth Opportunity 4: Focus on High Growth Markets
Growth Opportunity 4: Focus on High Growth Markets (continued)
Best Practices Recognition
Frost Radar
Benefits and Impacts of Growth Opportunities
Next Steps
Take the Next Step
List of Exhibits
List of Exhibits (continued)
List of Exhibits (continued)
Legal Disclaimer
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Popular Topics
| Deliverable Type | Market Research |
|---|---|
| Author | Smriti Sharma |
| Industries | Agriculture and Nutrition |
| No Index | No |
| Is Prebook | No |
| Keyword 1 | Vitamins And Minerals Market |
| Keyword 2 | Health Ingredients Market |
| Keyword 3 | Dietary Supplements Ingredients Market |
| Podcast | No |
| WIP Number | PFF3-01-00-00-00 |