2014-04-11 09:43:03 - Global Vitamins Market 2014-2018 - a new market research report on companiesandmarkets.com
The Global Vitamins market is forecast to grow at a CAGR of 6.15 percent over the period 2013-2018. One of the key factors contributing to this market growth is the increased use in functional food and beverages. The Global Vitamins market has also been witnessing increasing demand from the Cosmeceuticals industry. However, differences in consumer preferences could pose a challenge to the growth of this market.
Key vendors dominating this space are Adisseo France S.A.S, Archer Daniels Midland Co., BASF SE, and Royal DSM N.V.
Other vendors mentioned in the report are 7 Day Health Corp., ABH Nature´s Products Inc., AIE Pharmaceuticals Inc., Aland (Jiangsu) Nutraceutical Co. Ltd., Atlantic Essential Products Inc., Atrium Innovations Inc., Bactolac Pharmaceutical Inc., Bluebonnet
Nutrition Corp., CSPC Pharmaceutical Group Ltd., Danisco A/S, Glanbia Nutritionals Deutschland GmbH, Kirkman Group Inc., Lonza Group Ltd., Nattopharma ASA, Nature´s Plus, NBTY Inc., North China Pharmaceutical Corp., Nulab Inc., Nutricap Labs, Nutrilite, Nutrilo GmbH, ParkAcre Enterprises Ltd., Pfizer Inc., Pharmavite LLC, Private Label Nutraceuticals LLC, Sanofi SA, Schiff Nutrition International Inc., Thorne Research Inc., Vertellus Specialties Inc., and Zhejiang Hangzhou Xinfu Pharmaceutical Co. Ltd.
The following companies represent the key players in Global Vitamins Market: Adisseo France S.A.S, Archer Daniels Midland Co., BASF SE, and Royal DSM N.V.
Cosmeceuticals are cosmetics with pharmacological benefits. The Global Vitamins market is witnessing an increasing demand from the Cosmeceutical industry, which is expected to grow at a CAGR of over 7 percent during the forecast period. The demand for vitamins is particularly strong from the Skin Care segment of the Cosmeceutical industry. Some of the vitamins that are commonly used by this segment are vitamin B3, vitamin K, vitamin E, and vitamin A and its derivatives, such as retinol, retinaldehyde, oxoretinoids, and retinyl esters. Also, cosmeceuticals with vitamins are increasingly used as therapeutic adjuncts.
Many drivers are contributing to the growth of the Global Vitamins market, the most important of which is the increased use of vitamins in functional food and beverages. While vitamins are largely consumed as dietary supplements, their usage in functional food and beverages has increased significantly, thereby contributing to the growth of the market.
Further, the report states that one of the major challenges in the market is stringent laws and regulations governing the market, which require vendors to face elaborate procedures before the approval of a new ingredient. Such regulations are particularly high in developed regions, such as North America and Europe.
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