Vitamin Supplements Market Development and Demand Forecast to 2020

  • Published: November 2015
  • Report Code: CP10008
  • Available Format: PDF
  • Pages: 103

Vitamin Supplements Market

The global vitamin supplements market generated revenue of $34.7 billion in 2013, and it is further projected to advance at a CAGR of 6.5% during the forecast period (2014–2020). Due to the growing concern and awareness among consumers for preventive healthcare, the market is displaying considerable progress. Moreover, with increasing healthcare expenses, consumers are adopting food supplements, thereby leading to the market growth.

Vitamin supplements are consumed in different forms, such as pills, capsules, tablets, powders, liquids, gel caps, and granules. Products offered by companies operating in the healthcare, food and beverage, and personal care industries, and consumed by adult men and women and the elderly are included in the vitamin supplements market report.

Vitamin Supplements Market

The rising urban population, increasing focus on healthcare education, and augmenting health consciousness among consumers are the key factors leading to the increased consumption of food supplement products, including vitamin supplements, especially in developing countries, such as China and India. Asia-Pacific is noted as a prospective vitamin supplements market, owing to the rising disposable income of the population and increasing awareness about personal health.

Based on end user, the vitamin supplements market has been categorized into adult men, adult women, elderly citizens, and others. Adult women were the largest end users of vitamin supplements in 2013, followed by adult men. Additionally, the deficiency of vitamin D can cause osteomalacia in women. Further, women primarily consume most of vitamin-rich products to protect their skin from UV rays.

However, the vitamin supplements market in the elderly citizens category is expected to witness the fastest growth during the forecast period. Due to loss of appetite, senior citizens are unable to get sufficient nutrients from food. This deficiency can be tackled by consuming additional supplement products. Vitamin supplements are one of the most widely consumed supplement products at a later age. The deficiency of vitamin in the body at older age increases the risk of night blindness, diminished eyesight, fragile bones, and mental disorders. People aged 65 years and above are advised to consume supplements rich in vitamin D. According to the United Nations Department of Economic and Social Affairs (UN DESA)’s Population Division, in 2013, 831 million people were aged 60 years and more across the world, compared to 215 million in 1950. The population is projected to reach over 2.1 billion by 2050.

The global vitamin supplements market displays a highly fragmented landscape with the presence of a large number of players. The key players in the market include NBTY Inc., Archer Daniels Midland Company, Integrated BioPharma Inc., Herbalife Ltd., Bayer AG, Royal DSM N.V., Pharmavite LLC, E.I. du Pont de Nemours and Company, Reckitt Benckiser Group PLC, Glanbia PLC, BASF SE, and Nutraceutical International Corporation.

Key questions answered in this report

  • What is the current scenario of the global vitamin supplements market?
  • What are the emerging technologies in the vitamin supplements market?
  • What are the historical size and present size of the market segments and their future potential?
  • What are the major catalysts for the vitamin supplements market and their impact during the short, medium, and long terms?
  • What are the evolving opportunities for the players in the vitamin supplements market?
  • What are the key regions from the investment perspective?
  • What are the key strategies being adopted by the major players to expand their market share?
Place An Order
USD 4900 USD 5900 USD 7500
Customized Report Solution

Get a bespoke market intelligence solution

We are committed to ensuring the highest level of client satisfaction
Quality Acknowledgement
Quality Acknowledgement

Our dedication to providing the most-accurate market information has earned us verification by Dun & Bradstreet (D&B). We strive for quality checking of the highest level to enable data-driven decision making for you

Unmatched Standards
Unmatched Standards

Our insights into the minutest levels of the markets, including the latest trends and competitive landscape, give you all the answers you need to take your business to new heights

Reach Us
Reach Us Whenever You Need Us

With 24/7 research support, we ensure that the wheels of your business never stop turning. Don’t let time stand in your way. Get all your queries answered with a simple phone call or email, as and when required

Data Security
Complete Data Security

We take a cautious approach to protecting your personal and confidential information. Trust is the strongest bond that connects us and our clients, and trust we build by complying with all international and domestic data protection and privacy laws