February 03, 2022
According to the research report titled ‘Vitamin A Market Size, By Product (Food-Grade, Feed-Grade, Pharmaceutical-Grade), By Type (Natural, Synthetic), By Application (Dietary, Supplements, Food & Beverages, Animal Feed {Poultry [Layers, Broilers, Turkey], Cattle [Dairy, Beef, Calf], Swine, Aquaculture}, Personal Care & Cosmetics) Industry Analysis Report, Regional Outlook, Application Potential, Covid-19 Impact Analysis, Price Trends, Competitive Market Share & Forecast, 2021 - 2027,’ available with MarketStudyReport, global vitamin A market is expected to grow substantially during the period 2021-2027.
Rising consumer awareness regarding health benefits of the product, coupled with expansion of the dietary supplement sector are the primary factors propelling the growth of global vitamin A market.
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Additionally, Vitamin A helps in critical eye maintenance which has led to an increase in its research, further accelerating industry development.
Based on product type, the food grade segment is anticipated to grow at 5.6% CAGR, amassing a valuation of USD 166.12 million during the analysis period. In terms of application spectrum, layers poultry segment from the animal feed application is estimated to reach a valuation of USD 70.56 million by the end of the predicted timeline.
Moreover, the beef cattle vertical of the worldwide vitamin A industry is projected to register a CAGR of 3.6%, reaching a valuation of USD 47.85 million by 2027, owing to the surging demand for vitamin A used for calf health and growth.
From a regional standpoint, Middle East & Africa market is projected to grow at 5.2% CAGR reaching a valuation of USD 18.16 million by the end of 2027, whereas Latin America market is poised to expand considerably during the assessment timeframe due to the widespread application of vitamin A across various industries in the region.
The competitive landscape of global vitamin A market is defined by companies such as Koninklijke DSM N.V., Farbest Brands, BASF SE, Kingdomway Nutrition, Inc., Sigma Aldrich Chemicals Private Limited, Zhejiang Medicine Co., Ltd., Guangzhou ZIO Chemical Co., Ltd., Adisseo France S.A.S., Divi's Nutraceuticals, Pharmavite LLC, Biotics Research Corporation, Vitafor NV, National Vitamin Company, Zhejiang NHU Special Materials Co., Ltd, and Nutrilo GmbH among others.