Vitamin A Market Size By Type (Feed Grade Vitamin A, Food Grade Vitamin A, Pharmaceutical Grade Vitamin A), By Application (Functional Food & Beverages, Dietary Supplements, Animal Feed, Pharmaceuticals, Cosmetics & Personal Care), By End-User (Children, Adults, Pregnant Women), By Geographic Scope And Forecast
Report ID: 137247|No. of Pages: 202
Vitamin A Market Size By Type (Feed Grade Vitamin A, Food Grade Vitamin A, Pharmaceutical Grade Vitamin A), By Application (Functional Food & Beverages, Dietary Supplements, Animal Feed, Pharmaceuticals, Cosmetics & Personal Care), By End-User (Children, Adults, Pregnant Women), By Geographic Scope And Forecast
Vitamin A Market Size And Forecast
Vitamin A Market size was valued at USD 627.24 Million in 2023 and is projected to reach USD 926.72 Million by 2031, growing at a CAGR of 5% from 2024 to 2031.
- Vitamin A is a fat-soluble substance that is important for a variety of body activities such as eyesight, immunity, and cell growth.
- Vitamin A in its active form is essential for maintaining good vision, especially in low-light circumstances, and it promotes the integrity of epithelial tissues such as skin and mucous membranes, which contributes to overall immune function and wound healing.
- Its applications range from dietary supplements to counteract vitamin A deficiency, which can result in decreased vision and increased susceptibility to infections, to cosmetic products that enhance skin health and youthfulness.
- Furthermore, vitamin A regulates gene expression and cell differentiation, making it necessary for optimal growth and development, especially during pregnancy and early childhood.
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Global Vitamin A Market Dynamics
The key market dynamics that are shaping the Vitamin A Market include:
Key Market Drivers
- Increasing Health Awareness: The increasing awareness of the need for nutrients, especially Vitamin A, for overall health and immunological function has fueled the market. Consumers are increasingly looking for vitamin-enriched goods to help them avoid deficiencies and improve their vision, skin health, and immune function.
- Growth in the Dietary Supplements Industry: Botulinum toxin has been demonstrated to be useful in the treatment of a wide range of medical diseases, including chronic migraine, spasticity, excessive sweating (hyperhidrosis), and certain eye disorders. Botulinum toxin’s widening approval for numerous therapeutic purposes has increased its commercial reach, catering to a bigger patient group seeking non-surgical treatment choices.
- Technological Advancements in Extraction and Synthesis: The Vitamin A Market benefits from continuous technological improvements in product development and delivery technologies. Botulinum toxin therapies have become more enticing as formulations have been improved to provide longer-lasting benefits with fewer adverse effects. Innovations in delivery systems have also improved administration precision, hence boosting therapy safety and effectiveness.
- Expanding Applications in Cosmetics and Animal Feed: The global aging population is a major driver of the Vitamin A Market. As people age, they naturally want to keep their young appearance, which prompts many to seek botulinum toxin treatments. This generational change is projected to continue, driving up demand for anti-aging goods and procedures.
Key Challenges:
- Vitamin A Toxicity Concerns: Excessive Vitamin A intake causes toxicity, creating health concerns among both consumers and healthcare providers. This has resulted in cautious use, and occasionally hostility, to high-dose Vitamin A supplements, limiting market expansion.
- Competition from Alternative Nutrients: The rising popularity of other vitamins and supplements, such as vitamin D and omega-3 fatty acids, has boosted competition in the nutritional market. This shift in customer preferences takes focus and resources away from vitamin A products.
Key Trends:
- Increased Demand for Plant-Based Sources: The use of botulinum toxin as a preventative measure among young people is a growing trend in the market. Many people are turning to botulinum toxin injections in their twenties and thirties as a prophylactic approach to delay the appearance of wrinkles and fine lines. This move broadens the market’s demographic base and drives growth.
- Rise of Functional Foods and Beverages: Vitamin A is increasingly being incorporated into the functional foods and beverages industry due to its health benefits, resulting in the development of fortified snacks, drinks, and dairy products. This trend reflects consumers’ desire for easy ways to take important nutrients.
- Personalized Treatment Plans: Personalized nutrition, tailored to individual health demands and genetic profiles, is gaining popularity. This trend is driving the creation of personalized Vitamin A supplementation programs and products aimed at meeting consumers’ individual dietary needs and health goals.
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Global Vitamin A Market Regional Analysis
Here is a more detailed regional analysis of the Vitamin A market:
Europe:
- According to Verified Market Research, Europe is estimated to dominate the Vitamin A market during the forecast period. The European population is very cognizant of health, diet, and wellness. This has led to an increase in demand for dietary supplements and fortified foods, especially those enhanced with Vitamin A, as part of a well-balanced diet to prevent deficiencies and promote general health.
- Europe is home to some of the world’s top research institutions and pharmaceutical businesses, which help to develop nutritional science and health. This environment encourages innovation in the creation and marketing of vitamin A products.
- Furthermore, Europe’s thriving cosmetics and skincare business, driven by consumer interest in anti-aging and good skin, has raised demand for vitamin A. Its ability to promote skin health and regeneration has made it a popular ingredient in beauty and personal care products throughout the region.
Asia Pacific:
- The Asia Pacific region is estimated to exhibit the highest growth within the market during the forecast period. The Asia Pacific region’s population is becoming more health-conscious, which is driving increasing demand for dietary supplements such as Vitamin A. This trend is being fueled by an expanding middle class that has more disposable means to spend on health and wellness products.
- The rapid rise of the middle class in Asia Pacific countries has resulted in more disposable incomes, allowing more people to invest in health supplements and fortified foods. This economic upheaval has had a substantial impact on the regional Vitamin A market.
- Furthermore, the Asia Pacific region has a thriving cosmetic business, with a strong interest in skincare products including vitamins for their antioxidant and skin-renewal capabilities. Vitamin A, especially in the form of retinol, is widely appreciated for its anti-aging properties, which drives its inclusion in many skincare products.
North America:
- North America, particularly the United States, is experiencing a major rise in its aging population. This demographic trend promotes demand for Vitamin A, which plays an important role in eye health, immunological function, and skin regeneration, thereby meeting the health demands of older persons.
- North Americans place a greater emphasis on preventive healthcare, which leads to increased usage of nutritional supplements such as Vitamin A. People are increasingly taking a proactive approach to health, attempting to prevent deficiencies and chronic diseases through nutrition and supplements.
- Furthermore, consumers in North America are increasingly looking for clean-label products made with basic, natural ingredients. This trend is also reflected in the Vitamin A market, which is seeing an increase in demand for supplements and fortified foods made from organic, non-GMO, and sustainably sourced components.
Global Vitamin A Market Segmentation Analysis
The Vitamin A Market is segmented on the basis of Type, Application, End-User, and Geography.
Vitamin A Market, By Type
- Feed Grade Vitamin A
- Food Grade Vitamin A
- Pharmaceutical Grade Vitamin A
Based on Type, the market is segmented into Feed Grade Vitamin A, Food Grade Vitamin A, and Pharmaceutical Grade Vitamin A. The botulinum toxin type A segment is estimated to dominate the Vitamin A market.
Vitamin A Market, By Application
- Functional Food and Beverages
- Dietary Supplements
- Animal Feed
- Pharmaceuticals
- Cosmetics and Personal Care
- Others
Based on Application, the market is segmented into Functional Food & Beverages, Dietary Supplements, Animal Feed, Pharmaceuticals, Cosmetics & Personal Care, and Others. The therapeutic segment is estimated to dominate the Vitamin A market during the forecast period.
Vitamin A Market, By End-User
- Children
- Adults
- Pregnant Women
Based on the End-User, the market is segmented into Children, Adults, and Pregnant Women. The cosmetic centers and spas segment is estimated to dominate the market over the forecast period.
Vitamin A Market, By Geography
- North America
- Europe
- Asia Pacific
- Rest of the world
Based on Geography, the Vitamin A market is classified into North America, Europe, Asia Pacific, and the Rest of the world. North America is estimated to dominate in the Vitamin A market during the forecasted period.
Key Players
The “Vitamin A Market” study report will provide valuable insight emphasizing the global market. The major players in the market are Allergan Aesthetics, Merz Aesthetics, Galderma, Huons, Lanzhou Institute of Biological Products, Ipsen, Eisai, Medytox, Nara Medical, Revance Aesthetics, Croda International Plc, Evonik Industries AG, Ferring Pharmaceuticals, Iluma Ltd, Limelight Biotherapeutics Inc., Moleculin Biotech Inc., NeuronBio Ltd., NeuroSigma, Inc., Orion Corporation, Sumitomo Dainippon Pharma Co. Ltd.
Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players globally.
Vitamin A Market Recent Developments
- In February 2020, DSM invested in a high-tech, fully automated packing line for vitamin A production. The company planned to provide customers with improved traceability, reliability, and quality.
- In October 2019, DSM announced that it would produce vitamin A in two locations: Xinghuo, China, and Grenzach, Germany.
- In September 2019, The Vitamin Shoppee launched Only Me. It is an online assessment designed specifically for customized vitamin supplements.
Report Scope
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| STUDY PERIOD | 2020-2031 |
| BASE YEAR | 2023 |
| FORECAST PERIOD | 2024-2031 |
| HISTORICAL PERIOD | 2020-2022 |
| UNIT | Value (USD Million) |
| KEY COMPANIES PROFILED | Allergan Aesthetics, Merz Aesthetics, Galderma, Huons, Lanzhou Institute of Biological Products, Ipsen, Eisai, Medytox |
| SEGMENTS COVERED | By Type, By Application, By End-User, and By Geography. |
| CUSTOMIZATION SCOPE | Free report customization (equivalent up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Research Methodology of Verified Market Research:
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Reasons to Purchase this Report
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors.
• Provision of market value (USD Billion) data for each segment and sub-segment.
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market.
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region.
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions and acquisitions in the past five years of companies profiled.
• Extensive company profiles comprising of company overview, company insights, product benchmarking and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments (which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions.
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis.
• Provides insight into the market through Value Chain.
• Market dynamics scenario, along with growth opportunities of the market in the years to come.
• 6-month post-sales analyst support.
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Frequently Asked Questions
TABLE OF CONTENT
1 INTRODUCTION OF GLOBAL VITAMIN A MARKET
1.1 Overview of the Market
1.2 Scope of Report
1.3 Assumptions
2 EXECUTIVE SUMMARY
3 RESEARCH METHODOLOGY OF VERIFIED MARKET RESEARCH
3.1 Data Mining
3.2 Validation
3.3 Primary Interviews
3.4 List of Data Sources
4 GLOBAL VITAMIN A MARKET OVERVIEW
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 GLOBAL VITAMIN A MARKET, BY TYPE
5.1 Overview
5.2 Feed Grade Vitamin A
5.3 Food Grade Vitamin A
5.4 Pharmaceutical Grade Vitamin A
6 GLOBAL VITAMIN A MARKET, BY APPLICATION
6.1 Overview
6.2 Functional Food and Beverages
6.3 Pharmaceuticals
6.4 Animal Feed
7 GLOBAL VITAMIN A MARKET, BY END-USER
7.1 Overview
7.2 Children
7.3 Adults
7.4 Pregnant Women
8 GLOBAL VITAMIN A MARKET, BY GEOGRAPHY
8.1 Overview
8.2 North America
8.2.1 U.S.
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 U.K.
8.3.3 France
8.3.4 Rest of Europe
8.4 Asia Pacific
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 Rest of Asia Pacific
8.5 Rest of the World
8.5.1 Latin America
8.5.2 Middle East and Africa
9 GLOBAL VITAMIN A MARKET COMPETITIVE LANDSCAPE
9.1 Overview
9.2 Company Market Ranking
9.3 Key Development Strategies
10 COMPANY PROFILES
10.1 Allergan Aesthetics
10.1.1 Overview
10.1.2 Financial Performance
10.1.3 Product Outlook
10.1.4 Key Developments
10.2 Merz Aesthetics
10.2.1 Overview
10.2.2 Financial Performance
10.2.3 Product Outlook
10.2.4 Key Developments
10.3 Galderma
10.3.1 Overview
10.3.2 Financial Performance
10.3.3 Product Outlook
10.3.4 Key Developments
10.4 Huons
10.4.1 Overview
10.4.2 Financial Performance
10.4.3 Product Outlook
10.4.4 Key Developments
10.5 Lanzhou Institute of Biological Products
10.5.1 Overview
10.5.2 Financial Performance
10.5.3 Product Outlook
10.5.4 Key Developments
10.6 Ipsen
10.6.1 Overview
10.6.2 Financial Performance
10.6.3 Product Outlook
10.6.4 Key Development
10.7 Eisai
10.7.1 Overview
10.7.2 Financial Performance
10.7.3 Product Outlook
10.7.4 Key Developments
10.8 Medytox
10.8.1 Overview
10.8.2 Financial Performance
10.8.3 Product Outlook
10.8.4 Key Developments
10.9 Nara Medical
10.9.1 Overview
10.9.2 Financial Performance
10.9.3 Product Outlook
10.9.4 Key Developments
10.10 Revance Aesthetics
10.10.1 Overview
10.10.2 Financial Performance
10.10.3 Product Outlook
10.10.4 Key Developments
11 Appendix
11.1 Related Research
Report Research Methodology
Verified Market Research uses the latest researching tools to offer accurate data insights. Our experts deliver the best research reports that have revenue generating recommendations. Analysts carry out extensive research using both top-down and bottom up methods. This helps in exploring the market from different dimensions.
This additionally supports the market researchers in segmenting different segments of the market for analysing them individually.
We appoint data triangulation strategies to explore different areas of the market. This way, we ensure that all our clients get reliable insights associated with the market. Different elements of research methodology appointed by our experts include:
Exploratory data mining
Market is filled with data. All the data is collected in raw format that undergoes a strict filtering system to ensure that only the required data is left behind. The leftover data is properly validated and its authenticity (of source) is checked before using it further. We also collect and mix the data from our previous market research reports.
All the previous reports are stored in our large in-house data repository. Also, the experts gather reliable information from the paid databases.
For understanding the entire market landscape, we need to get details about the past and ongoing trends also. To achieve this, we collect data from different members of the market (distributors and suppliers) along with government websites.
Last piece of the ‘market research’ puzzle is done by going through the data collected from questionnaires, journals and surveys. VMR analysts also give emphasis to different industry dynamics such as market drivers, restraints and monetary trends. As a result, the final set of collected data is a combination of different forms of raw statistics. All of this data is carved into usable information by putting it through authentication procedures and by using best in-class cross-validation techniques.
Data Collection Matrix
| Perspective | Primary Research | Secondary Research |
|---|---|---|
| Supplier side |
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| Demand side |
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Econometrics and data visualization model
Our analysts offer market evaluations and forecasts using the industry-first simulation models. They utilize the BI-enabled dashboard to deliver real-time market statistics. With the help of embedded analytics, the clients can get details associated with brand analysis. They can also use the online reporting software to understand the different key performance indicators.
All the research models are customized to the prerequisites shared by the global clients.
The collected data includes market dynamics, technology landscape, application development and pricing trends. All of this is fed to the research model which then churns out the relevant data for market study.
Our market research experts offer both short-term (econometric models) and long-term analysis (technology market model) of the market in the same report. This way, the clients can achieve all their goals along with jumping on the emerging opportunities. Technological advancements, new product launches and money flow of the market is compared in different cases to showcase their impacts over the forecasted period.
Analysts use correlation, regression and time series analysis to deliver reliable business insights. Our experienced team of professionals diffuse the technology landscape, regulatory frameworks, economic outlook and business principles to share the details of external factors on the market under investigation.
Different demographics are analyzed individually to give appropriate details about the market. After this, all the region-wise data is joined together to serve the clients with glo-cal perspective. We ensure that all the data is accurate and all the actionable recommendations can be achieved in record time. We work with our clients in every step of the work, from exploring the market to implementing business plans. We largely focus on the following parameters for forecasting about the market under lens:
- Market drivers and restraints, along with their current and expected impact
- Raw material scenario and supply v/s price trends
- Regulatory scenario and expected developments
- Current capacity and expected capacity additions up to 2027
We assign different weights to the above parameters. This way, we are empowered to quantify their impact on the market’s momentum. Further, it helps us in delivering the evidence related to market growth rates.
Primary validation
The last step of the report making revolves around forecasting of the market. Exhaustive interviews of the industry experts and decision makers of the esteemed organizations are taken to validate the findings of our experts.
The assumptions that are made to obtain the statistics and data elements are cross-checked by interviewing managers over F2F discussions as well as over phone calls.
Different members of the market’s value chain such as suppliers, distributors, vendors and end consumers are also approached to deliver an unbiased market picture. All the interviews are conducted across the globe. There is no language barrier due to our experienced and multi-lingual team of professionals. Interviews have the capability to offer critical insights about the market. Current business scenarios and future market expectations escalate the quality of our five-star rated market research reports. Our highly trained team use the primary research with Key Industry Participants (KIPs) for validating the market forecasts:
- Established market players
- Raw data suppliers
- Network participants such as distributors
- End consumers
The aims of doing primary research are:
- Verifying the collected data in terms of accuracy and reliability.
- To understand the ongoing market trends and to foresee the future market growth patterns.
Industry Analysis Matrix
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