Fat Soluble Vitamins Market Outlook
Vitamins are the vital and essential organic nutrients, important for the metabolism and physical well-being of the body. Fourteen vitamins are essential for the normal and healthy growth of the human body that associate and help catalyze important biochemical reactions. Fat soluble vitamins are the non-polar compounds that are soluble in non-polar solvents such as fatty tissues of the body. Vitamin A, D, E, and K are the fat soluble vitamins and are mostly sourced from plant sources such as nuts, whole grains, olive and sunflower oils, and spinach, etc. and to some extent from dairy products. Fat soluble vitamins are dominantly consumed in the form of dietary supplements and fortified food products to make up the daily intake of the fat soluble vitamins. The global market of the fat soluble vitamins is driven by the increasing health consciousness in the world.
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Plant-based Products Increased Popularity driving the Global Market of the Fat Soluble Vitamins
The global fat soluble vitamins market is driven by the rising health consciousness and health concerns in developed and developing countries. Fat soluble vitamins have various health benefits, majorly consisting of, eye health, bone health, teeth health, muscle strength, mobility, brain health, cardiovascular health, and overall immune health. The increasing prevalence of the eye diseases and heart conditions along with the increasing average life span of the humans leading to increase in the percentile of the aged population, fat soluble vitamin market have increased demand for vitamin supplements.
Apart from the health benefits and usage in the health supplements, fat soluble vitamins market is driven by the increasing consumption of cosmetics and personal care products. Vitamin E is an important fat soluble vitamin and has been used by the dermatologist for many years for its excellent properties. They are mostly used in the skin care products for suppressing pigmentation, bruising, anti-aging, and anti-wrinkle benefits. Fat soluble vitamins are used in moisturizers and antioxidants since they neutralize and inactivate the free radicals generated by the pollution and the UV lights and helps in minimization of skin damage.
Manufacturers of the fat soluble vitamins in the global market are manufacturing products with the claims such as GMO-free, vegan, animal free component, etc. to increase the sales by tapping into the currents consumer demand. Considering increasing health halo surrounding the plant-based products, fat soluble vitamins derived from plant sources have increased opportunity in the global market.
Fat Soluble Vitamins Market Segmentation
The fat soluble vitamins market can be segmented on the basis of type, form, end use, and distribution channel.
On the basis of type, the fat soluble vitamins market can be segmented as:
- Vitamin A
- Vitamin D
- Vitamin E
- Vitamin K
On the basis of form, the fat soluble vitamins market can be segmented as:
On the basis of end use, the fat soluble vitamins market can be segmented as:
- Food and Beverage
- Infant Nutrition
- Functional Food
- Dietary Supplements
- Cosmetics and Personal Care Products
- Animal Feed
On the basis of distribution channel, the fat soluble vitamins market can be segmented as:
- Direct Sales Channel/ B2B
- Indirect Sales Channel/B2C Hypermarket/Supermarket Specialty Stores Online Retail Other Retail Format
Fat Soluble Vitamins Market: Regional Analysis
North American and European region dominantly occupies the major share of the global fat soluble vitamins market. Owing to the robust presence of the manufacturers and ease of access of the consumer goods in the region, with the strong consumer spending the regions occupies major share. However, due to urbanization, industrialization, and improving economic situation the consumer spending is increasing in the Asian and Middle Eastern and African countries. This is further creating increased opportunity for fat soluble vitamins and is expected to witness the highest growth rate over the forecast period.
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Fat Soluble Vitamins Market: Key Participants
Some of the market participants in the fat soluble vitamins market are:
- Koninklijke DSM N.V.
- Huaian Chenhui Chemical Company Limited
- Glanbia Plc
- BASF SE
- Archer Daniels Midland Company
- Lonza Group