Global Vitamins and Minerals Market Research Report 2017-2023
Summary - A new market study, titled “Vitamins and Minerals Market : Global Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2012 to 2016 and Forecast 2017 to 2023 ” has been featured on WiseGuyReports.
Global
Vitamins and Minerals Market: Global Market Estimation, Dynamics, Regional
Share, Trends, Competitor Analysis 2012-2016 and Forecast 2017-2023
Vitamins and minerals are most vital nutrients for human body
and should be taken in required quantity, high or low intake of vitamins and
minerals may lead to complications. Though vitamins and minerals are
micronutrients they differ in their basic ways. Vitamins are the organic
substances and can be a breakdown by air, acid or heat while minerals are
inorganic substances and they hold on to their chemical structure. Vitamins and
minerals are helpful in boosting the immune system, supports the growth and
development
Rise in awareness regarding the health conditions, dietary
supplements and nutritious intake of food are expected to drive the growth of
vitamins and minerals market. Furthermore, rapid urbanization, changes in
consumer lifestyle, increase in health and diet maintenance, and rise in
technological advancements are expected to accelerate the growth of vitamins
and minerals market. On the other hand, limited awareness regarding the
benefits of nutritious food and dosage and amounts of vitamins and minerals has
to be taken, misconceptions and false product claims are expected to hamper the
growth of vitamins and minerals market.
The Vitamins and Minerals Market is classified on the basis of
source, type, dosage form, distribution channel, and geographical regions.
Based on source, Global Vitamins and Minerals Market is
segmented as
Natural
Synthetic
Based on type, Global Vitamins and Minerals Market is segmented
as
Vitamins
Water soluble
Fat soluble
Minerals
Macrominerals
Microminerals
Based on dosage form, Global Vitamins and Minerals Market is
segmented as
Tablets
Powders
Syrups
Gel capsules
Based on distribution channel, Global Vitamins and Minerals
Market is segmented as
Retail pharmacies
Supermarkets
Health and wellness stores
E-commerce
Vitamins and minerals market is experiencing a significant
growth during the forecast period. People are focused on the dietary supplements
and fitness foods to maintain proper health. As per, Council for Responsible
Nutrition survey in 2014 in U.S. around 68% of adults took dietary supplements
every year and in that, about 50% adults are regular consumers. U.S FDA has
imposed several regulations regarding the standards of labeling of vitamins and
minerals and quality of the products, hence vitamins and minerals producing
companies have increased the development expenditure to produce the better
quality products. Market players are majorly focused on new product launches,
mergers, and acquisitions.
Geographically Vitamins and Minerals Market is segmented as
Latin America, North America, Asia Pacific, The Middle East & Africa and
Europe. North America accounts the largest share followed by Europe in vitamins
and minerals market owing to rise in consumption of dietary supplements,
growing adoption of nutritious diet intake, rising inclination towards the
healthcare clubs, fitness maintenance and presence of a large number of
producers. Asia Pacific holds a significant position in vitamins and minerals
market due to the rise in disposable income, rise in awareness about the
benefits and usage of vitamins and minerals, increasing health concerns,
lifestyle modifications among the consumers. Moreover, introduction of
e-commerce portals like Alibaba in Asia Pacific countries especially in India,
China, and Thailand. Growing economic conditions, the rise in opportunities,
presence of huge unmet needs are the factors that are attributing to the growth
of vitamins and minerals market in Latin America and MEA regions.
Some of the players in Vitamins and Minerals Market BASF SE
(Germany), Herbalife International (U.S), Dupont (U.S), Royal DSM N.V.
(Netherlands), Glanbia Plc. (Ireland), Abbott Laboratories (U.S.), Apotex
(Canada), NBTY Inc. (U.S.), Amway Enterprises (U.S.), GlaxoSmithKline(UK) and
Bayer AG (Germany).
In July 2017, Apotex launched premium value pharmacy only range
ofVitamin and Mineral supplements OVIIT.
In July 2017, The Vitamin Shoppe, and Healthy Natural Solutions entered into
Platinum Vendor relationship to launch NU LIFE therapeutic into U.S. market
FOR MORE
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