Reports and Data's current analysis indicates that the global Vitamins & Minerals Market was worth USD 6.7 billion in 2021 and is projected to reach USD 12.6 billion by 2030, growing at a CAGR of 7.4%

Vitamins are frequently used as dietary supplements and prescribed by medical professionals as a treatment for a variety of conditions ranging from mild illnesses to chronic diseases. They are believed to enhance immunity, promote wellbeing, and expedite recovery from illness. These organic compounds are necessary in small quantities and must be obtained from the environment as they cannot be synthesized adequately by the human body to maintain good health. Furthermore, healthy individuals often self-prescribe vitamins to improve their health, supplement their nutrition, and prevent minor ailments. In the United States, these substances are one of the most prevalent types of dietary supplements.

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Major Companies:

BASF SE, Farbest Brands, Glanbia PLC, Archer Daniels Midland (ADM), Lonza, Rabar Animal Nutrition, DSM, Pharmavite, Herbalife International of America, Inc., NuLeaf Naturals, LLC, SternVitamin GmbH & Co. KG, and Vertellus.

Here are some key dynamics in the Vitamins & Minerals Market:

·       Consumer Health Awareness: Growing awareness of the importance of maintaining good health and well-being has driven the demand for vitamins. Consumers are increasingly looking for products that can help them maintain or improve their health, leading to a higher demand for vitamin supplements.

·       Aging Population: As the global population continues to age, there is a greater focus on health and wellness among older individuals. This demographic trend has led to increased demand for vitamins and supplements that can support healthy aging.

·       Personalization: Personalized nutrition is gaining traction, with companies offering customized vitamin regimens based on an individual's health profile and needs. This trend is expected to continue as consumers seek tailored solutions.

The global Vitamins & Minerals Market is segmented into:

·       North America (U.S.A., Canada, Mexico)

·       Europe (Italy, U.K., Germany, France, Rest of Europe)

·       Asia Pacific (China, India, Japan, South Korea, Australia, Rest of APAC)

·       Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)

·       Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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Further market segmentation

By Type Outlook:

·       Vitamin B

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

By Source Outlook:

• Synthetic
• Natural
• Plant
• Animal
• Others

By Application Outlook:

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

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