Vitamins & Minerals Market Scope & Overview
The market size of Vitamins & Minerals was projected to reach a value of USD 10.17 billion by 2022, with an estimated compound annual growth rate (CAGR) of 6.9%. Furthermore, it is expected to reach USD 29.45 billion by 2030.
In a professional tone:
The Vitamins & Minerals Market is anticipated to witness substantial growth in the coming years. According to projections, the market size is expected to reach a value of USD 10.17 billion by 2022, with a steady compound annual growth rate (CAGR) of 6.9%. This positive trajectory is expected to continue, leading the market to soar to a remarkable USD 29.45 billion by 2030.
This growth can be attributed to various factors, including increasing consumer awareness regarding the importance of vitamins and minerals in maintaining a healthy lifestyle. Additionally, the rising prevalence of chronic diseases and the growing aging population are driving the demand for dietary supplements enriched with essential nutrients.
Moreover, advancements in technology and the development of innovative formulations are further propelling the market's expansion. Manufacturers are continuously investing in research and development to introduce new and improved products that cater to the evolving consumer preferences.
Geographically, the market is witnessing significant growth across various regions, with North America and Europe leading the way. These regions boast a well-established healthcare infrastructure and a high level of consumer awareness, contributing to the market's robust growth.
In conclusion, the Vitamins & Minerals market is poised for substantial growth in the coming years, driven by increasing consumer awareness, rising prevalence of chronic diseases, and technological advancements. With a projected value of USD 10.17 billion by 2022 and an estimated CAGR of 6.9%, the market is expected to reach an impressive USD 29.45 billion by 2030.
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Major Key Players Included are:
Major key companies in Vitamins & Minerals Market are AMWAY, Eisai, Sanofi, GNC, CSPC Pharmaceutical Group, DSM, Otsuka Holdings Co. Ltd, Puritan's Pride, Pharmavite, Jamieson.
Market Segmentation & Sub-segmentation included are:
By Type:
- Vitamin A
- Vitamin B
- Vitamin C
- Vitamin E
- Calcium
- Iron
- Magnesium
- Zinc
- Others
By Application:
- Food & Beverage
- Supplements
- Pharmaceuticals
- Animal Feed
- Others
By Distribution Channel:
- Pharmacies and Drug Stores
- Supermarkets and Hypermarkets
- Online Channels
By End-User:
- Adults
- Geriatric
- Pregnant Women
- Children
- Infants
By Form:
- Capsule
- Tablet
- Powder
- Liquid/Gel
Table of Contents
1.Introduction
2.Research Methodology
3.Market Dynamics
4.Impact Analysis
4.1.COVID-19 Impact Analysis
4.2.Impact of Ukraine- Russia war
4.3.Impact of Ongoing Recession on Major Economies
5.Value Chain Analysis
6.Porter’s 5 Forces Model
7.PEST Analysis
8.Vitamin and Mineral Supplement Market Segmentation, based on Type
9.Vitamin and Mineral Supplement Market Segmentation, based on Application
10.Vitamin and Mineral Supplement Market Segmentation, based on Distribution Channel
11.Vitamin and Mineral Supplement Market Segmentation, based on End-User
12.Vitamin and Mineral Supplement Market Segmentation, based on Form
13.Regional Analysis
14.Company Profiles
15.Competitive Landscape
16.Conclusion
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