TechNavio recognizes the following companies as the key players in Global Vitamins Market: Adisseo France S.A.S, Archer Daniels Midland Co., BASF SE, and Royal DSM N.V.
Commenting on the report, an analyst from TechNavio’s team said: “Cosmeceuticals are cosmetics with pharmacological benefits. The Global Vitamins market is witnessing an increasing demand from the Cosmeceutical industry, which is expected to grow at a CAGR of over 7 percent during the forecast period. The demand for vitamins is particularly strong from the Skin Care segment of the Cosmeceutical industry. Some of the vitamins that are commonly used by this segment are vitamin B3, vitamin K, vitamin E, and vitamin A and its derivatives, such as retinol, retinaldehyde, oxoretinoids, and retinyl esters. Also, cosmeceuticals with vitamins are increasingly used as therapeutic adjuncts.”
According to the report, many drivers are contributing to the growth of the Global Vitamins market, the most important of which is the increased use of vitamins in functional food and beverages. While vitamins are largely consumed as dietary supplements, their usage in functional food and beverages has increased significantly, thereby contributing to the growth of the market.
Further, the report states that one of the major challenges in the market is stringent laws and regulations governing the market, which require vendors to face elaborate procedures before the approval of a new ingredient. Such regulations are particularly high in developed regions, such as North America and Europe.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/report/global-vitamins-market-2014-2018
TechNavio, the market research platform of Infiniti Research Ltd., publishes periodic market research reports on niche and emerging technologies. For more information on our market research, please visit https://www.technavio.com/healthcare-chemicals-food-retail
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TechNavio Announces the Publication of its Research Report – Global Vitamins Market 2014-2018
