Vitamin A Market size to exceed USD 700mn by 2027

Vitamin A Market size is set to surpass USD 700 million by 2027, according to a new research report by Global Market Insights, Inc. The key benefits including efficient nourishing, exfoliating, and antioxidant & anti-inflammatory properties are anticipated to boost the use of vitamin A in pharmaceuticals, skincare, functional food & beverages, and animal feed products.
 

Wide applications and benefits of vitamin A in various cosmetics will fuel the pharma-grade vitamin A demand

Vitamin A Market from pharma-grade is expected to record over 6% CAGR from 2021 to 2027. Pharma-grade vitamin A is witnessing a major demand from the personal care & cosmetics industry. Vitamin A is the dominant vitamin of the skin because it has a fundamental role in controlling the normal activities of skin cells. Vitamin A also has antioxidant properties that can adjust the skin & cuticle metabolic effect, anti-aging, and wrinkles.

 

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Extensive application of synthetic vitamin A in different industries is anticipated to accelerate the vitamin A industry expansion

Vitamin A market from synthetic vitamin A held a substantial share in 2020 and is expected to reach over USD 655 million by 2027. Extensive applications of synthetic vitamin A in the food, pharma, animal feed, and many other industries owing to its multiple benefits will support the global market expansion. Synthetic vitamin A can be made using a technology that has been developed for use in a variety of applications. Many common foods can act as carriers or vehicles for vitamin A, ensuring that the deficient population gets enough of this antixerophthalmic and anti-infective vitamin. The wide applications and benefits of synthetic vitamin A are further anticipated to drive its demand over the forecast period.
 

The industrialization of agriculture will support the vitamin A industry growth from animal feed

Vitamin A market from animal feed application is anticipated to exceed USD 470 million by 2027. The inter-reliant agricultural cycle of animals and plants has been disconnected as farming has become more industrialized. Rather than grasses, insects, seeds & other natural nutrients, animals grown for meat and other products are given animal feed to accelerate their expansion.
 

Browse key industry insights spread across 270 pages with 379 market data tables and 26 figures & charts from the report, “Vitamin A Market Forecasts, By Product (Food-Grade, Feed-Grade, Pharmaceutical-Grade), Type (Natural, Synthetic), Application (Dietary, Supplements, Food & Beverages, Animal Feed {Poultry [Layers, Broilers, Turkey], Cattle [Dairy, Beef, Calf], Swine, Aquaculture}, Personal Care & Cosmetics), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/vitamin-a-market
 

Europe is expected to hold more than 25% share during the forecast period. The Europe vitamin A market is predicted to grow owing to increasing health awareness, high income, demand for high-quality food, and population. Consumer focus has shifted toward healthier diets as a result of higher living conditions, in-depth consumer education, and rising economic standards. These factors are fueled by rapid urbanization, which will further boost the regional market demand.
 

Key players in the vitamin A market are implementing different strategies including mergers & acquisitions and product enhancement to improve their performance globally. For instance, in March 2018, Zhejiang NHU Co., Ltd. announced to invest USD 6.53 million in CysBio, a Danish biotech start-up company, to develop new & affordable biochemical products. This strategy will help the company to enhance its revenues, develop innovative biochemical products, and serve the food, feed, nutrition, pharma, cosmetics & polymer industries.
 

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