According to a recent report, in 2017, the scale of the global vitamin market is expected to reach $3.2 billion, mainly due to the good development prospects of vitamin terminal market - cosmetics and pharmaceuticals.
In addition, the increasingly importance of innovative food concepts and sports nutrition are also driving the growth of the market.
Vitamins used in the areas of food, feed additives, pharmaceuticals and cosmetics material. Human lifestyle changed is to stimulate the demands of health beneficial products or nutraceuticals, the increasingly demands of feed industry to functional enhancer has generated a high potential derivatives. In addition, the increasingly demand for innovative “cosmeceuticals” is to boost the development of the cosmetics industry.
Generally, driven by the cosmetics and pharmaceutical market prospects, vitamin market is expected to steady developing. 10 years ago, the vitamin production limited to developed countries, and only a few chemicals companies in a dominant position on the market. Today, however, a considerable amount of vitamin is produced in China and India. Increasingly competitive market makes the product and marketing concept changed, manufacturers pay more attention to focus on customers, efforts to produce high value-added products, and further improve service.
As a new market research report pointed out, although the United States is the world's largest single market of vitamin, but Europe is the largest regional market. In the analysis period this research report gives, the Asia-Pacific region is likely to become the fastest growing vitamin markets, the compound annual growth rate is about 4%.
Vitamin E is the largest segment of the market, thanks to these vitamins in cosmetics, pharmaceuticals, foods and other terminal application fields widely applying. Animal feed additives market is the largest end-user market for vitamin E. Food fortification market driven by the vitamin status, also continued to rise. Although the market share of the cosmetics industry is relatively small, but it is emerging as an important end-user, in the analysis period of this study given, it will grow with 4.6% CAGR. Vitamin is widely used in the cosmetics industry, such as the main ingredient of skin care lotion, sunscreen and anti-aging creams. And vitamin E on the skin has a different function and widely used. As a result, its use in the cosmetics industry will bring potential benefits for it. Compared to food manufacturers, cosmetic manufacturers face relatively small regulatory hurdles.
In recent years, anti-oxidant industry showed substantial growth trend, partly because vitamin E had been widely used. Taking low doses of vitamin E are particularly favored by the elderly population, because it can improve their heart health. People increasingly recognized that good nutrition can reduce osteoporosis, cancer, coronary heart disease and other infections risk.
Vitamin H also known as biotin, compared to vitamin E, vitamin H may seem obscure in vitamin family, but its role can not be ignored. According to related studies by biotin supplier, vitamin H with excellent cosmetic effect, added to cosmetics is conducive to mix various ingredients in cosmetic raw materials, the skin use it will increase the speed of the blood circulation in the skin blood vessels, have the effect on preventing the skin diseases, skin whitening.
Source:http://www.cosprm.com
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