Vitamin In Human Nutrition Market to Surpass 7.86 Billion by 2030 Drives Due to Increase in the Disposable Income
SkyQuest projects that the vitamin in human nutrition market will attain a value of USD 7.86 billion by 2030, with a CAGR of 7.3% over the forecast period (2023-2030). Developed economies typically exhibit a higher disposable income level among their populations than underdeveloped or developing countries in the vitamin in human nutrition market. This higher disposable income gives individuals greater purchasing power and the ability to make choices regarding their dietary preferences and health conditions.
Westford, USA, Aug. 23, 2023 (GLOBE NEWSWIRE) — According to SkyQuest, as individuals experience an increase in their disposable income, they gain greater flexibility in managing their financial resources in the vitamin in human nutrition market. This enhanced financial capacity empowers people to make choices regarding their spending and savings, including their food consumption habits. When disposable income rises, individuals often allocate a portion of their budget towards purchasing nutrient-rich food options.
Browse in-depth TOC on “Vitamin In Human Nutrition Market”
- Pages – 157
- Tables – 123
- Figures – 77
Food fortification, as defined by the Food and Agricultural Organization of the United Nations (FAO) and the World Health Organization (WHO), is a deliberate process of enhancing the nutritional quality of food products. It involves the addition of essential vitamins, minerals, or other nutrients to foods to compensate for any losses that may occur during processing or storage in the vitamin in human nutrition market.
Get a sample copy of this report:
https://www.skyquestt.com/sample-request/vitamin-in-human-nutrition-market
Prominent Players in Vitamin In Human Nutrition Market
- DSM
- BASF
- Lonza
- Archer Daniels Midland (ADM)
- DuPont
- Glanbia Nutritionals
- Farbest-Tallman Foods Corporation
- Watson Inc.
- SternVitamin GmbH & Co. KG
- Nutralliance
- Prinova Group LLC
- Bioenergy Life Science, Inc.
- Merck KGaA
- Nestle S.A.
- Pfizer Inc.
- Sanofi S.A.
- Bayer AG
- Roche Holding AG
- GNC Holdings Inc.
- Herbalife Nutrition Ltd.
Multivitamin Segment is Expected to Grow the Market Due to the Rising Multivitamin Supplements
Multivitamin category has emerged as a dominant segment in the global vitamin in human nutrition market, capturing over 40% of total sales. Multivitamin supplements contain essential vitamins, minerals, and other benefits. The World Health Organization reports that nearly 2 billion people worldwide suffer from deficiencies in vitamins and minerals.
The markets in North America have emerged as the dominant region in the vitamin in human nutrition market, accounting for the largest market share. The region’s prevalence of obesity and lifestyle-related disorders significantly contributes to this market dominance.
Browse summary of the report and Complete Table of Contents (ToC):
https://www.skyquestt.com/report/vitamin-in-human-nutrition-market
Probiotics Segment is Expected to Dominate the Market Due to the Large Population
The probiotics segment holds a prominent position in the vitamin in human nutrition market. Probiotics are derived from live beneficial yeasts and bacteria that naturally exist within the body. While bacteria are often associated with illness, our bodies harbor a balance of beneficial and harmful bacteria.
Regional markets in the United States and Canada are poised to significantly contribute to developing vitamin in human nutrition market. The two countries are characterized by their large population and substantial nutrition and dietary supplement demand.
A comprehensive analysis of the major players in the vitamin in human nutrition market has been recently conducted in a report. The report encompasses various aspects, including collaborations, mergers, innovative business policies, and strategies, providing valuable insights into key trends and breakthroughs in the market. Furthermore, the report scrutinizes the market share of the top segments and presents a detailed geographic analysis. Lastly, the report highlights the major players in the industry and their endeavours to develop innovative solutions to cater to the growing demand.
Key Developments in Vitamin In Human Nutrition Market
- Recently, Cargill, a leading global food corporation, invested approximately $50 million to expand its Global Animal Nutrition Innovation Centre in Elk River. This expansion signifies Cargill’s commitment to advancing animal nutrition research and development, as well as its dedication to meeting the evolving needs of the industry. Cargill aims to develop cutting-edge solutions and technologies that enhance animal health, productivity, and overall well-being by expanding its innovation capabilities.
- Eastman Chemical, a prominent chemical company, reported a year-over-year increase of 6.35% in its research and development (R&D) expenses for the quarter, amounting to $0.067 billion in 2022. This substantial investment reflects Eastman Chemical’s ongoing commitment to innovation and technological advancements.
Speak to Analyst for your custom requirements:
https://www.skyquestt.com/speak-with-analyst/vitamin-in-human-nutrition-market
Key Questions Answered in Vitamin In Human Nutrition Market Report
- What specific growth drivers are projected to impact the market during the forecast period?
- List the top companies in the market and explain how they have achieved their positions of influence.
- In what ways do regional trends and patterns differ within the global market, and how these differences shape the market’s future growth?
Related Reports in SkyQuest’s Library:
Global Fresh Vegetables Market
Global Fermented Ingredients Market
About Us:
SkyQuest Technology is leading growth consulting firm providing market intelligence, commercialization and technology services. It has 450+ happy clients globally.
Address:
1 Apache Way, Westford, Massachusetts 01886
Phone:
USA (+1) 617-230-0741
Email: sales@skyquestt.com
