Impact of Covid-19 on Vitamins Market is to Witness Significant Growth between 2020-2026 with leading players - Archer Daniels Midland Company, BASF SE, Btsa Biotecnologias Aplicadas AS

(CDN Newswire via Comtex)

The global Vitamins market is expected to reach USD 14.07 Billion by 2026, according to a new report by Reports and Data. Vitamins is a distinctive type of network caching technique, which is transparent for both the receiving and sending entities. The Vitamins terminal intercepts in a transparent manner, the content request, and provides the requested content, provided its cache has a copy of it.

The report includes the latest coverage of the impact of COVID-19 on the Vitamins industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

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Key participants include Archer Daniels Midland Company, BASF SE, Btsa Biotecnologias Aplicadas AS, Farbest Brands, Glanbia PLC, Lonza Group Ltd., Rabar Pty., Ltd., Royal DSM NV, Showa Denko K.K, Pharmavitte and others. In October 2016, BASF SE announced construction of a new world-scale plant for retinols in Ludwigshafen, Germany. The new facility will increase BASF's total annual production capacity of by 1,500 metric tons.

The research segments the market based on product type, applications and end-use. It profiles the key players of the business and their individual contribution to the global economy. The report focuses on significant investments, business ventures, mergers, acquisitions, collaborations along with the technological developments in the field. It also evaluates the upcoming and niche areas in the business. The researcher aims to offer expert insights related to the industry and the new opportunities available in the market.

For the purpose of this report, Reports and Data have segmented the global Vitamins market according to Product, Component, Application, End-user, and Region:

By Type (Volume Metric Tons, Revenue, USD Million; 2019-2026)

  • Vitamin B
  • Vitamin E
  • Vitamin D
  • Vitamin C
  • Vitamin A
  • Vitamin K

By Source (Volume Metric Tons, Revenue, USD Million; 2019-2026)

  • Synthetic
  • Natural

By Application (Volume Metric Tons, Revenue, USD Million; 2019-2026)

  • Healthcare Products
  • Food & Beverages
    • Infant Food
    • Dairy Products
    • Bakery & Confectionery Products
    • Beverages
    • Others
  • Feed
  • Personal care products

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End use Outlook (Revenue, USD Million; 2016-2026)

  • Hospitals
  • Clinics
  • Diagnostic Centers
  • Others

Further key findings from the report suggest

  • By application, healthcare products are anticipated to grow at a CAGR of about 6.5% during the analysis period. The growth of this segment can be attributed to the increased malnutrition cases across the world which is in turn rising the demand for the vitamins.
  • Asia Pacific is estimated to dominate the vitamins market in 2020 and is also projected to grow at the highest CAGR of 7.9% from 2018 to 2026. The market in this region is majorly driven by China, which is the largest producer, exporter, and consumer of vitamins. Further, the rise in incomes, increase in purchasing power, and significant consumer demand for nutritional & healthy products are also driving the consumption in various industries in the region.
  • Further, the market in Asia Pacific is also experiencing growth due to its growing application in the animal feed industry. The region accounts for the largest livestock population and caters to significant demands for livestock-based products such as milk, egg, meat and others. Quality feed is essential for livestock growth and performance. As the livestock owners are becoming increasingly conscious regarding the importance of adequate nutrition, essential micronutrients such as vitamins are experiencing significant growth in demand in Asia Pacific's feed industry. antioxidants and various other nutritional supplements is impeding the vitamins market....Continued

Key Questioned Answered mentioned in the Report -

  1. What are the products offered by the Vitamins industry presently?
  2. What are the different applications of the products offered in this market of Vitamins?
  3. Who could be claimed as the most dominant and influential players in this global industry?
  4. Which factors act as the drivers of this market, and which factors pull this industry down acting as restraints?
  5. What can be determined by the trends obtained from the evaluation of the historical data for the Vitamins industry?

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