Vitamin Ingredients Market share to cross USD 7 billion by 2024

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Vitamin Ingredients Market Research Analysis and
Trends Report for 2019 - 2025
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Global Market Scenario of Vitamin Ingredients
Industry

• Growing demand for vitamin ingredients in
  cosmetic industry is anticipated to drive vitamin
  ingredient market size for food and personal care
  applications over the forecast period. Natural
  skin care products with vitamin extracts have the
  potential to reduce dark spots, wrinkles,
  inflammation and induce skin cell repair. Aided
  by such benefits, vitamin ingredient based skin
  care products are estimated to witness massive
  rise in demand.
• Today, organic vitamins are being favored over
  synthetic form of vitamins which are associated
  with a plethora of adverse health problems, such
  as liver damage, due to their chemical
  ingredients. These side effects can be more
  prominently seen in the geriatric population due
  to their weak immune systems. Shifting trends
  towards organic vitamin intake will further boost
  vitamin ingredient industry outlook for or food
  and personal care applications.
• Rise in millennial spending in vitamin rich food
  and personal care products is estimated to
  supplement vitamin ingredients market share for
  food and personal care application. In terms of
  growth, Vitamin ingredients market for food and
  personal care applications would be clocking in a
  CAGR of 5.9 over the projected timeframe.

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• Rising demand for organic supplements, primarily
  from geriatric population is projected to augment
  vitamin ingredients market outlook for food and
  personal care applications.
• Rising awareness regarding health wellness in
  the U.S. along with growing geriatric population
  will supplement U.S. vitamin ingredient market
  trends for food and personal care applications.
  Vitamin D is crucial for enabling optimal calcium
  absorption and boosting bone and teeth health.

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360 Industry Analysis

• All in all, based on the shifting consumer trends
  mentioned above, it is expected that use of
  vitamin ingredients for food as well as personal
  care applications would rise at a momentous pace.
  Global Market Insights, Inc., projects that the
  global vitamin ingredients market valuation for
  food and personal care applications would cross
  the 7 billion mark by 2024.
• Robust healthcare sector in the U.S. along with
  high prevalence of health-conscious consumer base
  is driving the demand for vitamin D in the
  region. According to reports, demand for vitamin
  D ingredient in the U.S. is estimated to exceed
  USD 500 million by 2024. The product provides
  optimal calcium absorption and ensures
  maintenance of bone and teeth health. Vitamin D
  deficiency increases the chances of rickets in
  children and prostate, breast and colon cancer
  and cardiovascular diseases in adults.

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• Competitive Analysis
• The vitamin ingredients market outlook for food
  and personal care applications is competitive and
  consolidated. Key industry players partaking in
  the vitamin ingredients market for food and
  personal care applications include DSM, Groupe
  Danone, Nestle and BASF. These market
  participants are investing heavily in strategies
  such as RD, product innovation and capacity
  expansion.

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