The global fat soluble vitamins market is poised to record a CAGR of 8.9% from 2022 to 2032, likely to garner a worth of US$ 384.5 billion by 2032, up from US$ 163.9 billion in 2022.
Vitamins are the vital and essential organic nutrients, important for the metabolism and physical well-being of the body. Fourteen vitamins are essential for the normal and healthy growth of the human body that associate and help catalyze important biochemical reactions. Fat soluble vitamins are the non-polar compounds that are soluble in non-polar solvents such as fatty tissues of the body.
Vitamin A, D, E, and K are the fat soluble vitamins and are mostly sourced from plant sources such as nuts, whole grains, olive and sunflower oils, and spinach, etc. and to some extent from dairy products. Fat soluble vitamins are dominantly consumed in the form of dietary supplements and fortified food products to make up the daily intake of the fat soluble vitamins. The global market of the fat soluble vitamins is driven by the increasing health consciousness in the world.
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Plant-based Products Increased Popularity driving the Global Market of the Fat Soluble Vitamins
The global fat soluble vitamins market is driven by the rising health consciousness and health concerns in developed and developing countries. Fat soluble vitamins have various health benefits, majorly consisting of, eye health, bone health, teeth health, muscle strength, mobility, brain health, cardiovascular health, and overall immune health. The increasing prevalence of the eye diseases and heart conditions along with the increasing average life span of the humans leading to increase in the percentile of the aged population, fat soluble vitamin market have increased demand for vitamin supplements.
Manufacturers of the fat soluble vitamins in the global market are manufacturing products with the claims such as GMO-free, vegan, animal free component, etc. to increase the sales by tapping into the currents consumer demand. Considering increasing health halo surrounding the plant-based products, fat soluble vitamins derived from plant sources have increased opportunity in the global market.
Fat Soluble Vitamins Market: Regional Analysis
North American and European region dominantly occupies the major share of the global fat soluble vitamins market. Owing to the robust presence of the manufacturers and ease of access of the consumer goods in the region, with the strong consumer spending the regions occupies major share. However, due to urbanization, industrialization, and improving economic situation the consumer spending is increasing in the Asian and Middle Eastern and African countries. This is further creating increased opportunity for fat soluble vitamins and is expected to witness the highest growth rate over the forecast period.
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Some of the Key Players in the Fat Soluble Vitamins Market:
A few of the key players in the fat soluble vitamins market include Koninklijke DSM N.V., Huaian Chenhui Chemical Company Limited, Glanbia Plc, BASF SE, Archer Daniels Midland Company, Lonza Group.
In 2018, Glandia plc, a global nutrition group, has signed an agreement the proprietors of HNS Intermediate Corporation and KSF Holdings LLP who mutually own Slim Fast, for acquisition for US$ 350 million.
The research report presents a comprehensive assessment of the Fat soluble vitamins market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as form, grade, and end use.
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Fat Soluble Vitamins Market Segmentation
The fat soluble vitamins market can be segmented on the basis of type, form, end use, and distribution channel.
On the basis of type, the fat soluble vitamins market can be segmented as:
- Vitamin A
- Vitamin D
- Vitamin E
- Vitamin K
On the basis of form, the fat soluble vitamins market can be segmented as:
- Liquid
- Dry
On the basis of end use, the fat soluble vitamins market can be segmented as:
- Food and Beverage
- Infant Nutrition
- Functional Food
- Dietary Supplements
- Cosmetics and Personal Care Products
- Pharmaceutical
- Animal Feed
On the basis of distribution channel, the fat soluble vitamins market can be segmented as:
- Direct Sales Channel/ B2B
- Indirect Sales Channel/B2C
- Hypermarket/Supermarket
- Specialty Stores
- Online Retail
- Other Retail Format
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