Global vitamin market output is estimated to reach 518,333 tons by 2023

Author: QYResearch  |   Published Date: 2018-03-16   |   Views: 266

Publisher: QYResearch

Published Date: 2018-03-16


At present, the major manufacturers of Vitamin are concentrated in DSM,Lonza,  CSPC Pharmaceutical Group,  BASF,  Zhejiang Medicine, Shandong Luwei Pharmaceutical,  Northeast Pharmaceutical and North China Pharmaceutical . DSM is the world leader, holding 20.17% production market share in 2017.

Europe was the largest regional market for Vitamin, with volume exceeding 170,355 MT in 2017. In addition, Asia Pacific is also expected to witness fastest growth, especially India at an estimated CAGR of 12.32% from 2012 to 2017. North America and Europe are expected to witness demand growth at an estimated CAGR of 3.97% and 2.85% from 2012 to 2017, respectively.

In application, Vitamin downstream is wide and recently Vitamin has acquired increasing significance in various fields of Feed Additives, Pharmaceuticals and Cosmetics and Food and Beverage. Globally, the Vitamin market is mainly driven by growing demand for Feed Additives which accounts for nearly 47.35% of total downstream consumption of Vitamin in global.

In type, Vitamin can be divided into Vitamin A, Vitamin B3, Vitamin B5, Vitamin D3, Vitamin E and Vitamin C. Vitamin C is the largest type, holding about 46.31% share.

In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Vitamin production will show a trend of steady growth. In 2023 the production of Vitamin is estimated to be 518333 MT. 

The Global Vitamin Premixes Market Research Report 2017 report released by QYResearch provides a basic overview of the Vitamin Premixes industry, including definition, classification, application and industrial chain structure. Discuss development policies and plans as well as manufacturing processes and cost structures.

The report then focuses on major industry players in China, including company profiles, product images and specifications, sales, market share, and contact information. More importantly, the Vitamin Premixes industry development trends and marketing channels were analyzed. Providing the main statistical data on the current status of the industry is a valuable guide and direction for companies and individuals interested in the market.

Click to view the full report:http://www.qyresearchglobal.com/goods-965220.html
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