Global Vitamins and Minerals Market Research Report 2017 -2023
Summary - A new market study, 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
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