[250 Pages Report] The global esterified vitamins market size is anticipated to be valued at US$ 67.9 Billion in 2032 and exhibit steady growth at a CAGR of 12.3% in the forthcoming years (2022 to 2032). Increasing consumer preference for low calorie and trans-free products is set to spur the need for healthy ingredients, including esterified vitamins.
As per a report by FMI, demand for esterified vitamins is projected to reach US$ 35.6 Billion in 2022. Surging use of esterified vitamins in refreshments, sauces, dressings, dairy items, and bakery products is expected to boost the market in the assessment period.
| Report Attribute | Key Statistics |
|---|---|
| Esterified Vitamins Market Estimated Base Year Value (2021) | US$ 34.1 Billion |
| Esterified Vitamins Market Expected Value (2022) | US$ 35.6 Billion |
| Esterified Vitamins Market Anticipated Forecast Value (2032) | US$ 67.9 Billion |
| Esterified Vitamins Market Projected Growth Rate (2022 to 2032) | 12.3% CAGR |
Esterified vitamins are mainly developed by transforming vitamins of the phenol group into esters by using either succinic acid or acetic acid. These vitamins have a better shelf-life and are stable, as compared to conventional vitamins.
Esterified vitamins help in quick iron absorption and healthy immune functioning and thus they are extensively used by manufacturers of nutraceuticals worldwide. Surging demand for vegan dietary supplements among millennials is another crucial factor that is anticipated to bode well for the market.
Increasing number of new product launches in various flavors and textures by prominent companies across the globe to meet the high consumer demand is set to push the market forward. Rising investments by key players in social media campaigns and innovative product launches by celebrities & sportsters are also projected to fuel growth.
In June 2022, Rounak Gulia, the three-time national medalist and six-time state champion, became the first woman wrestler to introduce her own health supplement brand in India. The Bharat Kesari title holder launched the Rapid Nutrition brand that includes nutraceuticals to deliver the required fats, vitamins, minerals, and proteins to help athletes stay in shape. Similar product launches by prominent athletes are expected to augment the market.
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Rising preference for vitamins in daily diet and surging number of health-conscious consumers worldwide are estimated to accelerate the esterified vitamins market growth in the evaluation period. Easy availability of vitamins, including vitamin E, A (carotenoids and retinol), D (cholecalciferol), C (ascorbic acid), and B in combination with other dietary supplements is also expected to augur well for the global market.
Moreover, rising interest of consumers in attaining wellness through diet, increasing geriatric population, and burgeoning healthcare expenditure are anticipated to fuel the global market. Increasing popularity of multivitamin supplements among sports athletes and working professionals is likely to aid growth.
In June 2022, for instance, vitafusion, North America-based leading gummy vitamin brand, introduced a 2-in-1 gummy vitamin called Multi + Immune Support that includes zinc and vitamin C for immune support.
The company also launched another 2-in-1 multivitamin named Multi + Beauty consisting of retinol and biotin for nails, hair, and skin support. Thus, development of such innovative products by key players globally is set to drive growth.
Though several water-soluble vitamins are excreted by one’s body, certain vitamins, including vitamin D, C, B-6, and A, as well as niacin can lead to toxicity symptoms if taken in high dosage. Toxicity symptoms can include flushed skin, itching, upset stomach, or headache. Some people can suffer from more severe symptoms such as heart rhythm issues, kidney stones, and confusion. Driven by the above-mentioned limitations, demand for esterified vitamins may decline in the next decade.
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Consumer gravity towards dietary supplements in the U.S. and Canada is touted to be a rising growth factor with esterified vitamins used in plant-based formulations. Presence of various large-scale manufacturers in North America that are focusing on the development of vegetarian or vegan dietary supplements is another factor that would propel the esterified vitamins market share in the region.
Besides, dietary supplements infused with esterified vitamins have high absorption and antioxidant properties, which would boost sales among consumers in North America. Such supplements can also prevent damages of an individual’s body from free radicals. At the same time, they can reduce the risk of infection and enhance one’s immunity.
Asia Pacific is set to follow the footsteps of North America with esterified vitamins used copiously to minimize the occurrence of chronic diseases. Increasing awareness regarding the importance of health and wellness among consumers across emerging economies such as India and China is also expected to bolster sales of esterified vitamins.
Growing number of hypermarkets and supermarkets across Asia Pacific is another vital factor that is projected to spur the regional market. Hypermarkets/supermarkets contain a separate shelf or section for wellness products that allow consumers to easily choose and purchase their desired brand.
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Some of the leading companies present in the global esterified vitamins market include Natrol Vitamins & Supplements, Vitae Naturals, Natures Plus, and Thompson's.
The global market is competitive in nature with the presence of various small- and large-scale companies. They are mainly investing in R&D activities to introduce innovative vitamin products with several forms and flavors.
Some of the others are aiming to establish partnerships with e-commerce channels to ensure a continuous supply to consumers across the globe. They are also striving to surge their product availability and regional presence by engaging in mergers and acquisitions with small and medium-sized companies.
| Report Attribute | Details |
|---|---|
| Market Expected Value (2022) | US$ 35.6 Billion |
| Market Anticipated Forecast Value (2032) | US$ 67.9 Billion |
| Growth Rate | CAGR of 12.3% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015 to 2020 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in US$ 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 |
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| Regions Covered |
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| Key Countries Profiled |
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| Key Companies Profiled |
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| Customization | Available Upon Request |
The global esterified vitamins market is projected to exceed US$ 67.9 Bn in 2032.
North America is set to lead the esterified vitamins market in the forecast period.
Natrol Vitamins & Supplements, Vitae Naturals, Natures Plus, and Thompson's are some of the renowned companies in the esterified vitamins market.
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations 2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations 3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.5.1. Supply Side Participants and their Roles 3.5.1.1. Producers 3.5.1.2. Mid-Level Participants (Traders/ Agents/ Brokers) 3.5.1.3. Wholesalers and Distributors 3.5.2. Value Added and Value Created at Node in the Supply Chain 3.5.3. List of Raw Material Suppliers 3.5.4. List of Existing and Potential Buyer’s 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.7.1. Profit Margin Analysis 3.7.2. Wholesalers and Distributors 3.7.3. Retailers 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics 4. Global Esterified Vitamins Market Analysis 2017-2021 and Forecast, 2022-2032 4.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis, 2017-2021 4.2. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Projections, 2022-2032 4.2.1. Y-o-Y Growth Trend Analysis 4.2.2. Absolute $ Opportunity Analysis 5. Global Esterified Vitamins Market Analysis 2017-2021 and Forecast 2022-2032, By End Use 5.1. Introduction / Key Findings 5.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By End Use, 2017-2021 5.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By End Use, 2022-2032 5.3.1. Pharmaceutical 5.3.2. Nutraceutical 5.3.3. Others 5.4. Y-o-Y Growth Trend Analysis By End Use, 2017-2021 5.5. Absolute $ Opportunity Analysis By End Use, 2022-2032 6. Global Esterified Vitamins Market Analysis 2017-2021 and Forecast 2022-2032, By Distribution Channel 6.1. Introduction / Key Findings 6.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Distribution Channel, 2017-2021 6.3. Current and Future Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Distribution Channel, 2022-2032 6.3.1. Online Retail 6.3.2. Supermarkets 6.3.3. Others (e.g. specialty stores, etc.) 6.4. Y-o-Y Growth Trend Analysis By Distribution Channel, 2017-2021 6.5. Absolute $ Opportunity Analysis By Distribution Channel, 2022-2032 7. Global Esterified Vitamins Market Analysis 2017-2021 and Forecast 2022-2032, By Region 7.1. Introduction 7.2. Historical Market Size Value (US$ Mn) & Volume (Tons) Analysis By Region, 2017-2021 7.3. Current Market Size Value (US$ Mn) & Volume (Tons) Analysis and Forecast By Region, 2022-2032 7.3.1. North America 7.3.2. Latin America 7.3.3. Europe 7.3.4. Asia Pacific 7.3.5. MEA 7.4. Market Attractiveness Analysis By Region 8. North America Esterified Vitamins Market Analysis 2017-2021 and Forecast 2022-2032, By Country 8.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 8.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 8.2.1. By Country 8.2.1.1. U.S. 8.2.1.2. Canada 8.2.2. By End Use 8.2.3. By Distribution Channel 8.3. Market Attractiveness Analysis 8.3.1. By Country 8.3.2. By End Use 8.3.3. By Distribution Channel 8.4. Key Takeaways 9. Latin America Esterified Vitamins Market Analysis 2017-2021 and Forecast 2022-2032, By Country 9.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 9.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 9.2.1. By Country 9.2.1.1. Brazil 9.2.1.2. Mexico 9.2.1.3. Rest of Latin America 9.2.2. By End Use 9.2.3. By Distribution Channel 9.3. Market Attractiveness Analysis 9.3.1. By Country 9.3.2. By End Use 9.3.3. By Distribution Channel 9.4. Key Takeaways 10. Europe Esterified Vitamins Market Analysis 2017-2021 and Forecast 2022-2032, By Country 10.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 10.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 10.2.1. By Country 10.2.1.1. Germany 10.2.1.2. U.K. 10.2.1.3. France 10.2.1.4. Spain 10.2.1.5. Italy 10.2.1.6. Rest of Europe 10.2.2. By End Use 10.2.3. By Distribution Channel 10.3. Market Attractiveness Analysis 10.3.1. By Country 10.3.2. By End Use 10.3.3. By Distribution Channel 10.4. Key Takeaways 11. Asia Pacific Esterified Vitamins Market Analysis 2017-2021 and Forecast 2022-2032, By Country 11.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 11.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 11.2.1. By Country 11.2.1.1. China 11.2.1.2. Japan 11.2.1.3. South Korea 11.2.1.4. Malaysia 11.2.1.5. Singapore 11.2.1.6. Australia 11.2.1.7. New Zealand 11.2.1.8. Rest of APAC 11.2.2. By End Use 11.2.3. By Distribution Channel 11.3. Market Attractiveness Analysis 11.3.1. By Country 11.3.2. By End Use 11.3.3. By Distribution Channel 11.4. Key Takeaways 12. MEA Esterified Vitamins Market Analysis 2017-2021 and Forecast 2022-2032, By Country 12.1. Historical Market Size Value (US$ Mn) & Volume (Tons) Trend Analysis By Market Taxonomy, 2017-2021 12.2. Market Size Value (US$ Mn) & Volume (Tons) Forecast By Market Taxonomy, 2022-2032 12.2.1. By Country 12.2.1.1. GCC Countries 12.2.1.2. South Africa 12.2.1.3. Israel 12.2.1.4. Rest of MEA 12.2.2. By End Use 12.2.3. By Distribution Channel 12.3. Market Attractiveness Analysis 12.3.1. By Country 12.3.2. By End Use 12.3.3. By Distribution Channel 12.4. Key Takeaways 13. Key Countries Esterified Vitamins Market Analysis 13.1. U.S. 13.1.1. Pricing Analysis 13.1.2. Market Share Analysis, 2021 13.1.2.1. By End Use 13.1.2.2. By Distribution Channel 13.2. Canada 13.2.1. Pricing Analysis 13.2.2. Market Share Analysis, 2021 13.2.2.1. By End Use 13.2.2.2. By Distribution Channel 13.3. Brazil 13.3.1. Pricing Analysis 13.3.2. Market Share Analysis, 2021 13.3.2.1. By End Use 13.3.2.2. By Distribution Channel 13.4. Mexico 13.4.1. Pricing Analysis 13.4.2. Market Share Analysis, 2021 13.4.2.1. By End Use 13.4.2.2. By Distribution Channel 13.5. Germany 13.5.1. Pricing Analysis 13.5.2. Market Share Analysis, 2021 13.5.2.1. By End Use 13.5.2.2. By Distribution Channel 13.6. U.K. 13.6.1. Pricing Analysis 13.6.2. Market Share Analysis, 2021 13.6.2.1. By End Use 13.6.2.2. By Distribution Channel 13.7. France 13.7.1. Pricing Analysis 13.7.2. Market Share Analysis, 2021 13.7.2.1. By End Use 13.7.2.2. By Distribution Channel 13.8. Spain 13.8.1. Pricing Analysis 13.8.2. Market Share Analysis, 2021 13.8.2.1. By End Use 13.8.2.2. By Distribution Channel 13.9. Italy 13.9.1. Pricing Analysis 13.9.2. Market Share Analysis, 2021 13.9.2.1. By End Use 13.9.2.2. By Distribution Channel 13.10. China 13.10.1. Pricing Analysis 13.10.2. Market Share Analysis, 2021 13.10.2.1. By End Use 13.10.2.2. By Distribution Channel 13.11. Japan 13.11.1. Pricing Analysis 13.11.2. Market Share Analysis, 2021 13.11.2.1. By End Use 13.11.2.2. By Distribution Channel 13.12. South Korea 13.12.1. Pricing Analysis 13.12.2. Market Share Analysis, 2021 13.12.2.1. By End Use 13.12.2.2. By Distribution Channel 13.13. Malaysia 13.13.1. Pricing Analysis 13.13.2. Market Share Analysis, 2021 13.13.2.1. By End Use 13.13.2.2. By Distribution Channel 13.14. Singapore 13.14.1. Pricing Analysis 13.14.2. Market Share Analysis, 2021 13.14.2.1. By End Use 13.14.2.2. By Distribution Channel 13.15. Australia 13.15.1. Pricing Analysis 13.15.2. Market Share Analysis, 2021 13.15.2.1. By End Use 13.15.2.2. By Distribution Channel 13.16. New Zealand 13.16.1. Pricing Analysis 13.16.2. Market Share Analysis, 2021 13.16.2.1. By End Use 13.16.2.2. By Distribution Channel 13.17. GCC Countries 13.17.1. Pricing Analysis 13.17.2. Market Share Analysis, 2021 13.17.2.1. By End Use 13.17.2.2. By Distribution Channel 13.18. South Africa 13.18.1. Pricing Analysis 13.18.2. Market Share Analysis, 2021 13.18.2.1. By End Use 13.18.2.2. By Distribution Channel 13.19. Israel 13.19.1. Pricing Analysis 13.19.2. Market Share Analysis, 2021 13.19.2.1. By End Use 13.19.2.2. By Distribution Channel 14. Market Structure Analysis 14.1. Competition Dashboard 14.2. Competition Benchmarking 14.3. Market Share Analysis of Top Players 14.3.1. By Regional 14.3.2. By End Use 14.3.3. By Distribution Channel 15. Competition Analysis 15.1. Competition Deep Dive 15.1.1. Natures Plus 15.1.1.1. Overview 15.1.1.2. Product Portfolio 15.1.1.3. Profitability by Market Segments 15.1.1.4. Sales Footprint 15.1.1.5. Strategy Overview 15.1.1.5.1. Marketing Strategy 15.1.1.5.2. Product Strategy 15.1.1.5.3. Channel Strategy 15.1.2. Vitae Naturals 15.1.2.1. Overview 15.1.2.2. Product Portfolio 15.1.2.3. Profitability by Market Segments 15.1.2.4. Sales Footprint 15.1.2.5. Strategy Overview 15.1.2.5.1. Marketing Strategy 15.1.2.5.2. Product Strategy 15.1.2.5.3. Channel Strategy 15.1.3. Thompson's 15.1.3.1. Overview 15.1.3.2. Product Portfolio 15.1.3.3. Profitability by Market Segments 15.1.3.4. Sales Footprint 15.1.3.5. Strategy Overview 15.1.3.5.1. Marketing Strategy 15.1.3.5.2. Product Strategy 15.1.3.5.3. Channel Strategy 15.1.4. Natrol Vitamins & Supplements 15.1.4.1. Overview 15.1.4.2. Product Portfolio 15.1.4.3. Profitability by Market Segments 15.1.4.4. Sales Footprint 15.1.4.5. Strategy Overview 15.1.4.5.1. Marketing Strategy 15.1.4.5.2. Product Strategy 15.1.4.5.3. Channel Strategy 16. Assumptions & Acronyms Used 17. Research Methodology
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Esterified Vitamins Market
