[308 Pages Report] The global fat soluble vitamins market is poised to record a CAGR of 8.9% from 2022 to 2032, likely to garner a worth of USD 384.5 billion by 2032, up from USD 163.9 billion in 2022.
The demand for fat soluble is on higher trajectory due to more health consciousness and health concerns in developing and developed countries. Fat soluble vitamins are primarily consumed in the form of dietary supplements and fortified food products to compensate for the daily intake of fat soluble vitamins.
Report Attribute | Details |
---|---|
Fat Soluble Vitamins Market Value (2022) | USD 163.9 Billion |
Fat Soluble Vitamins Market Anticipated Forecast Value (2032) | USD 384.5 Billion |
Fat Soluble Vitamins Market Projected Growth Rate (2022 to 2032) | 8.9% |
Fat soluble vitamins are absorbed along with dietary fats and are stored in the liver and body’s fatty tissues. The demand for fat soluble vitamins is on the rise as out of the several benefits, one of the key benefits is the fact that it acts as a great immunity booster. Vitamins A, D, E, and K are fat soluble and are found in several animal and plant foods and in dietary supplements.
In addition to this, the mounting sales of fat soluble vitamins is owing to the fact that these vitamins have a broad range of functions, which includes important inflammatory and immunomodulatory, and processes related to antioxidants.
The demand for fat soluble vitamins can also be credited to its property to strengthen immune function and increased susceptibility to infections.
Fat soluble vitamins are inclined to remain in the body for longer duration, the toxicity threat caused by these vitamins is usually higher as compared to that of water-soluble vitamins. Therefore, the essential fact to prevent any toxicity in the body lies by having balanced and healthy meal. Vitamins A, D, E, and K are fat soluble vitamins and are mainly extracted from plant sources as whole grains, spinach, nuts, and olive and sunflower oils. They are sometimes also sourced from dairy products.
The global sales of fat soluble vitamins is promoted owing to the various benefits associated with Vitamins A, D, E, and K. Some of the benefits of each vitamins are – Vitamin A (preserves vision, fertility, body and hair growth, immunity booster), Vitamin D (regulates immunity and conserves bone strength), Vitamin E (longer cell life and antioxidant), Vitamin K (reduces risk of heart diseases and blood coagulant).
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The demand for fat soluble vitamins is increasing rapidly due to rising health awareness by the majority population across the world. Fat soluble vitamins have several health benefits, mainly consisting of, bone health, muscle strength, eye health, cardiovascular health, immune health, and brain health.
Other factors contributing the global fat soluble vitamins market growth are rising incidences of heart conditions and more number of eye diseases and disorders. Moreover, expanding average life span of individuals is resulting in increased percentile of geriatric population; this too has promoted the growth of fat soluble vitamins market.
Besides, the sales of fat soluble vitamins are on surge owing to rising consumption of personal care and cosmetics products. Vitamin E is a crucial fat soluble vitamin and has been used by dermatologists across the world for several years for its exceptional properties.
Fat soluble vitamins are primarily used in skin care products for anti-aging, reducing pigmentation, and anti-wrinkle benefits. These vitamins are used in used as antioxidants in moisturizers as they have neutralizing properties and inactivate the free radicals produced by the UV lights and pollution. It also assists in lessening the damage caused to the skin. Therefore, there is a huge demand for fat soluble vitamins in the cosmetic and skincare industry, this as a result will boost the global fat soluble vitamins market.
In the global market, several manufacturers of the fat soluble vitamins are manufacturing products which asserts as vegan, GMO-free, etc. They do this specially to fasten and increase the sales by tapping into the current consumer demand. Considering rising healthcare awareness cloaking the plant-based products, fat soluble vitamins extracted from plant sources have increased opportunity in the global market.
Region-wise, North America and Europe has the major fat soluble vitamins market share due to the strong footprint of the manufacturers and easy access of the consumer goods in these regions. Increasing prevalence of vitamin deficiency, novel product development, and technological advancements are factors fuelling the growth of this market in the Europe region during the forecast period.
The World Health Organization (WHO) reports that around 70% of European individuals suffer from vitamin D deficiency, increasing the demand for vitamins industry.
Nevertheless, because of industrialization, urbanization, and developing economic situation the average consumer expenditure in escalating in the Asia Pacific, and Middle East and Africa region’s countries. This factor is further creating added opportunity for fat soluble vitamins and is anticipated to experience higher growth rate during the forecast period.
A few of the key players in the fat soluble vitamins market include Koninklijke DSM N.V., Huaian Chenhui Chemical Company Limited, Glanbia Plc, BASF SE, Archer Daniels Midland Company, Lonza Group.
In 2018, Glandia plc, a global nutrition group, has signed an agreement the proprietors of HNS Intermediate Corporation and KSF Holdings LLP who mutually own Slim Fast, for acquisition for USD 350 million.
Report Attribute | Details |
---|---|
Growth Rate | CAGR of 8.9% from 2022 to 2032 |
Base Year for Estimation | 2021 |
Historical Data | 2014 to 2020 |
Forecast Period | 2022 to 2032 |
Quantitative Units | Revenue in USD Million and CAGR from 2022 to 2032 |
Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
Segments Covered | Type, Form, End Use, Distribution Channel, Region |
Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, U.K, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
Key Companies Profiled | Koninklijke DSM N.V.; Huaian Chenhui Chemical Company Limited; Glanbia Plc; BASF SE; Archer Daniels Midland Company; Lonza Group |
Customization | Available Upon Request |
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The global fat soluble vitamins market is set to advance at a CAGR of 8.9% from 2022 to 2032.
Fat soluble vitamins market is projected to hold a market share of USD 384.4 billion by 2032.
Some of the key players holding major global fat soluble vitamins market share are Koninklijke DSM N.V., Huaian Chenhui Chemical Company Limited, Glanbia Plc, BASF SE, Archer Daniels Midland Company, and Lonza Group.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Fat Soluble Vitamins Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Fat Soluble Vitamins Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Type 5.1. Vitamin A 5.2. Vitamin D 5.3. Vitamin E 5.4. Vitamin K 6. Global Fat Soluble Vitamins Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Form 6.1. Liquid 6.2. Dry 7. Global Fat Soluble Vitamins Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End Use 7.1. Food and Beverage 7.2. Infant Nutrition 7.3. Functional Food 7.4. Dietary Supplements 7.5. Cosmetics and Personal Care Products 7.6. Pharmaceutical 7.7. Animal Feed 8. Global Fat Soluble Vitamins Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Distribution Channel 8.1. Direct Sales Channel/B2B 8.2. Indirect Sales Channel/B2C 8.2.1. Hypermarket/Supermarket 8.2.2. Specialty Stores 8.2.3. Online Retail 8.2.4. Other Retail Format 9. Global Fat Soluble Vitamins Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. Asia Pacific 9.5. Middle East and Africa 10. North America Fat Soluble Vitamins Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Latin America Fat Soluble Vitamins Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. Europe Fat Soluble Vitamins Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Asia Pacific Fat Soluble Vitamins Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 14. Middle East and Africa Fat Soluble Vitamins Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 15. Key Countries Fat Soluble Vitamins Market Analysis 16. Market Structure Analysis 17. Competition Analysis 17.1. Koninklijke DSM N.V. 17.2. Huaian Chenhui Chemical Company Limited 17.3. Glanbia Plc 17.4. BASF SE 17.5. Archer Daniels Midland Company 17.6. Lonza Group 17.7. Farbest to Tallman Foods Corporation 17.8. Wright Group Services Inc 18. Assumptions & Acronyms Used 19. Research Methodology
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