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Global vitamin supplements market is increasing mainly attributed to growing consciousness among consumer about preventative healthcare. Healthcare spend is increasing with the increasing research and development (R&D) expenditure. Due to the increasing cost of healthcare, people are turning towards supplement products, including vitamin supplements, for a healthy life. According to European Federation of Pharmaceutical Industries and Associations (EFPIA) member associations, European pharmaceutical R&D expenditure increased from $37,030 million in 2011 to $38,055 million in 2012. In the U.S., the expenditure increased from $36,374 million in 2011 to $36,810 million in 2012. Asia-Pacific holds a major market share in vitamin supplements followed by North America and Europe. Asia-Pacific is expected to dominate the market in the forecast period owing to increasing geriatric population.
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Global Vitamin Supplements Market is expected to achieve $53,885.3 million value by 2020
Published: April 2015
Available Format: PDF
No. of Pages: 82
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Global Vitamin Supplements Market is expected to achieve $53,885.3 million value by 2020
P&S Market Research releases a new research report with market overview, trends,
DRO analysis, market segmentation, market size, share, forecast, porter analysis,
recent developments, competitive scenario and top competitor profiles in:
Global Industry Insight: Vitamin Supplements Market Development and Demand
Forecast to 2020
Explore detailed TOC and Scope of the report:
https://www.psmarketresearch.com/market-analysis/vitamin-supplements-market
According to the new research publication from P&S Market Research, the key
insights from the research report include:
• The vitamin supplements market is driven by growing elderly population, especially
in the Asia-Pacific region.
• Vitamin supplements market is expected to witness highest growth in personal
care sector.
• Asia-Pacific is likely to dominate the market in the forecasted period owing to
increasing aging population.
• India and China are expected to generate significant demand for vitamin
supplements during 2014 - 2020.
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Global Vitamin Supplements Market is expected to achieve $53,885.3 million value by 2020
Global vitamin supplements market is increasing mainly attributed to growing
consciousness among consumer about preventative healthcare. Healthcare spend is
increasing with the increasing research and development (R&D) expenditure. Due to
the increasing cost of healthcare, people are turning towards supplement products,
including vitamin supplements, for a healthy life. According to European Federation of
Pharmaceutical Industries and Associations (EFPIA) member associations, European
pharmaceutical R&D expenditure increased from $37,030 million in 2011 to $38,055
million in 2012. In the U.S., the expenditure increased from $36,374 million in 2011 to
$36,810 million in 2012. Asia-Pacific holds a major market share in vitamin
supplements followed by North America and Europe. Asia-Pacific is expected to
dominate the market in the forecast period owing to increasing geriatric population.
With increasing educational level coupled with increasing vitamin supplements
product visibility, the consumer awareness regarding vitamin supplements is
increasing. Additionally, various source of information showing the positive and
negative effects of vitamin supplements is helping consumers in decision making for
choosing appropriate form of vitamin supplements. Also, knowledge of diseases
caused due to vitamin deficiency is propelling the consumer to shift to vitamin
supplements in their busy lifestyle.
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Global Vitamin Supplements Market is expected to achieve $53,885.3 million value by 2020
Deficiency of vitamin in body at older age increases the risk of diseases such as night
blindness, diminishing eyesight, fragile bones and mental disorders. This requires
more nutrient rich food at older age. It is important to maintain balance of nutrients
including vitamin to keep the body functioning properly. This deficiency can be fulfilled
by consuming additional supplement products. Vitamin supplement is one among the
majorly consumed supplements products at later age. People aged 65 years and
above are not much exposed to sun, one of the major source of vitamin D.
Increasing expenditure on research and development conducted by healthcare
industry is expected to increase the overall healthcare cost in the global market. Due
to the increasing cost of healthcare, people are turning towards supplements products
including vitamin supplements, as it provides various health benefits such as proper
functioning of immune system (vitamin C), strengthening to bone and joints (vitamin
D), improving vision power (vitamin A) and various other benefits.
The vitamin supplements market is highly fragmented with large number of
multinational and regional players operating in the market, who distribute their
products locally as well as internationally
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Global Vitamin Supplements Market is expected to achieve $53,885.3 million value by 2020
Vitamin Supplements market segmentation
Vitamin Supplements market by end-user
• Adult women
• Adult men
• Elderly citizen
• Others
Vitamin Supplements market by application:
• Food and Beverage
• Healthcare
• Personal Care
Geographical Segmentation
Vitamin Supplements market by region:
• North America
– The U.S.
– Others
• Europe
– Germany
– France
– Italy
– U.K.
– Spain
• Asia-Pacific
– India
– China
– Japan
– Australia
• Rest of the World (ROW)
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Global Vitamin Supplements Market is expected to achieve $53,885.3 million value by 2020
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