Title: Vitamin A Market Growth, Statistics, Trends, Forecast Report, 2024
1Vitamin A Market Size, Analysis, Trends and
Forecast to 2024 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
2Regional Analysis of Vitamin A Market
- North America, driven by Canada and the U.S.
vitamin A market size may witness strong growth
over the forecast timeframe. Increasing consumer
spending on cosmetic and skin care products
should drive regional growth. Strong application
scope in medical and pharmaceutical industries
should drive industry growth. Favorable
regulations by FDA may enhance industry growth. - Europe, vitamin A market size, driven by UK,
France, Italy, and Germany, may witness
significant gains owing to change in lifestyle
accompanied by increase in fortified food
consumption, thereby driving regional industry
growth. Strict regulations to promote consumption
of balanced diet by EU community may favour
product demand. - Asia Pacific driven by India, South Korea, Japan,
and China vitamin A market size may witness
significant growth over the foreseeable
timeframe. Rise in teenage population and growing
awareness for skin treatment cream in China and
India can favour regional industry growth. Rise
in economic standards supported by rapid
urbanization has led to shift in consumer focus
towards healthy diets may drive regional industry
growth.
3- Application Analysis of Vitamin A Market
- Rise in disposable income accompanied with
consumer inclination towards personal care is
likely to drive cosmetic industry growth. Global
cosmetic industry is poised to surpass USD 430
billion with gains at over 4.5 by 2024. Vitamin
A has strong application in personal care
products as it improves epidermal cell hydration,
improves blood flow and retains facial glow. It
stimulates collagen growth, which in turn arrests
aging breakdown and reduces facial fine line. It
also reduces melanin growth leading to
pigmentation and dark spots due to aging process.
Growing awareness regarding personal hygiene and
wellbeing along with rising anti-aging skin care
products demand should favour industry growth.
4 Competitive Market Share of Vitamin A Market
- Global vitamin A market share is consolidated.
Key companies operating in the market includes
DSM, BASF, ABH Pharma, Parchem, Zhejiang and
Kingdomway. Most of the companies are expanding
their business to enhance their regional presence
and product portfolio. For example, BASF expanded
its vitamin A production capacity by 1,500 metric
tons to meet the global micronutrient demand.
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