Vitamin Ingredients Market for
Food & Personal Care Applications is set to surpass USD
7 billion by 2024; according to a new research report by Global Market
Insights, Inc.
Increasing demand for natural
cosmetic products majorly among the millennial population may stimulate vitamin
ingredients market for food & personal care applications. These skin care
products have the potential to reduce wrinkles, dark spots, aging-induced cell
damage and inflammation which may further boost industry growth.
These products are micronutrients
essential for optimal body health and defense from several illnesses including
night blindness and rickets. Various nutraceutical capsules are based on two
stage or dual release technology which comprise of multiple layers of
fat-soluble and water-soluble products which improve vitamin bioavailability in
the body. Several products such as B and C are water soluble which are not
produced in adequate quantities by the body thereby leading to serious
deficiencies, thus requiring dietary intake and stimulating the vitamin market
growth.
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India vitamin ingredients market
for food & personal care applications is predicted to witness gains at
about 5% in the forecast timeframe. Increasing awareness for child malnutrition
along with shifting focus on healthy lifestyles may drive market growth. The
country witnesses high demand for multivitamin supplements owing to less
consumer knowledge of specific vitamins. However, major manufacturers are
trying to rectify this lack of awareness by conducting large scale advertising
campaigns which may boost vitamin ingredients market for food & personal
care applications.
High adoption of synthetic production
techniques which require coal tar derivatives and petroleum based raw materials
leads to pollution. Rising number of environmental regulations to curb
pollution may hinder growth of vitamin ingredients market for food &
personal care applications. Moreover, increasing efforts by regulatory bodies
to prevent misleading claims on nutritional labels along with regulations to
prevent toxicity may further stimulate vitamin ingredients market for food
& personal care applications.
Germany vitamin B3 market size
from nutraceutical applications shall surpass USD 1.7 million by the end of
projected timeframe. These products play an important role in cholesterol
management along with providing safety and efficacy. Rising involvement of
consumers towards physical health & fitness along with requirement of
appropriate diets thereby enhancing healthy metabolism is expected to
positively enhance vitamin ingredients market for food & personal care
applications.
China vitamin K market share from
food applications may expect substantial gains at over 3% over the forecast
period. Inefficient intake of these products is highly related to development
of osteoporosis creating serious health issues and weak bones. Presence of
large population, improving logistics sector along with rising food safety
concerns may foster the regional growth of vitamin ingredients market for food
& personal care applications.
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Nutraceuticals applications from
vitamin K market demand may exceed consumption at 2.1 kilo tons by 2024. These
clotting factors which may cause excessive bleeding Moreover, this nutrient has
a major role in breaking down body fats, blood sugar regulation, and
maintaining bone & heart health. Vitamin K are used to treat deficiency of
blood supplements are available in various forms such as chewables, softgels,
tablets and capsules which allows convenient consumption and stimulate the
growth of vitamin ingredients market for food & personal care applications.
BASF, Pfizer, DSM, Nestle, Groupe
Danone, and Lonza are some of the prominent manufacturers in vitamin
ingredients market for food & personal care applications. Several
manufacturers are focusing on strategic mergers & acquisitions to
strengthen market position and achieve market expansion. Moreover, some
companies have adopted innovative approaches thereby achieving product development,
expansion of product portfolio and growth in vitamin ingredients market for
food & personal care applications.
About Global Market Insights:
Global Market Insights, Inc.,
headquartered in Delaware, U.S., is a global market research and consulting
service provider; offering syndicated and custom research reports along with
growth consulting services. Our business intelligence and industry research
reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These
exhaustive reports are designed via a proprietary research methodology and are
available for key industries such as chemicals, advanced materials, technology,
renewable energy and biotechnology.
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