Asia Pacific Vitamins Supplements Market to Hold Significant Share through 2024
Increasing awareness among
people related to the vitamin supplements to drive global vitamins supplements market during forecast period
According
to TechSci Research report, “Global
Vitamins
Supplements Market By Source, By Product Type, By End User, By Region,
Competition, Forecast & Opportunities, 2024”, the global vitamins supplements market is expected to grow
at a CAGR of around 9% during the forecast period. The vitamins supplements are
witnessing adoption owing to the growing health awareness, increasing vitamin
deficiencies and rising income as well as standard of living. Moreover, ageing
population and people with small kids are also preferring such vitamins
supplements. Additionally, geriatric population is using
vitamin supplements to avoid age related disorders. However, the shift of preferences
towards herbal supplements and Ayurveda, is likely to hamper the global vitamins
supplements market during the forecast period. Furthermore, the manufacturing
of vitamin supplements is not uniform and strict rules are not followed for
production.
Browse market data Tables and Figures spread through Pages and an in-depth TOC on " Global Vitamins Supplements Market"
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The global vitamins supplements market is
segmented based on source, product type, end user, region and company. Based on
source, the market can be divided into natural and synthetic. The synthetic
segment dominates the market owing to the controlled supply of raw materials
for natural vitamins. Additionally, natural vitamins are comparatively
expensive than the synthetic counterparts. Based on product type, the market
can be categorized into Multivitamin, Vitamin B, Vitamin C, Vitamin D and
others. The multivitamins segment holds a significant market share owing to the
presence of their multiple variants in the market.
E.I. du Pont de Nemours & Co., Amway
Corporation, Pfizer Inc., Bayer Aktiengesellschaft, BASF SE, Pharmavite LLC,
Nature's Products, Inc., Ayanda Group AS, ABH Nature's Products, Inc., DCC
Health & Beauty Solutions Limited and others are some of the
leading players operating in global vitamins supplements market. The companies
operating in the market are using organic strategies such as product launches, mergers
and collaborations to boost their share.
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“Asia-Pacific
is anticipated to be the fastest growing region in global vitamins supplements market
during the forecast period, owing to its large population base. Moreover, the
emerging economies in Asia-Pacific, especially China and India are more than
willing to embrace healthy diet including use of vitamin supplements, keeping
in mind the end goal to meet their nutritious necessities. This factor is
further fueling demand for vitamins supplements across the region.” said Mr.
Karan Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“Global Vitamins Supplements Market By Source, By
Product Type, By End User, By Region, Competition, Forecast &
Opportunities, 2024” has
evaluated the future growth potential of global vitamins supplements market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in global vitamins supplements market.
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