Vitamin Market

Vitamin market: enjoy recently published information powered by an Ai-driven BI tool. Datasets contain exports, market prices, trade, production, consumption, imports, companies, and market size. Here is a split by region, including Russia, EU, the U.K., the Middle East, China, the U.S., Africa, and Latin America. Market dynamics and forecast to 2030 are also featured in the snapshots.

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Vitamin - World's Largest Markets

In value terms, India led the market, alone. The second position in the ranking was occupied by China. It was followed by Japan.

From 2018 to 2020, the average annual rate of growth in terms of value in India stood at -3.6%. In the other countries, the average annual rates were as follows: China (-7.4% per year) and Japan (+11.9% per year).

Vitamin Prices

Vitamin - Top Importers

In value terms, the largest vitamin importing markets worldwide were the United States ($1.4B), the Netherlands ($1.1B) and Germany ($661M), together accounting for 33% of global imports.

Among the main importing countries, the Netherlands (+55.4% per year) saw the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Vitamin - Top Exporters

In value terms, China ($3.2B) remains the largest vitamin supplier worldwide, comprising 35% of global exports. The second position in the ranking was occupied by the Netherlands ($1.2B), with a 13% share of global exports. It was followed by Switzerland, with a 9.9% share.

In China, vitamin exports contracted by an average annual rate of -3.3% over the period from 2018-2020. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+67.9% per year) and Switzerland (-6.0% per year).

Vitamin - Market Forecast

Driven by increasing demand for vitamin worldwide, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Vitamin - Top Companies

Hubei Zhuxi Humanwell Pharmaceutical Co., Ltd., Johnson & Johnson, Cilag AG, Hainan Nuode Medicine Co., Ltd., Kunming Dongfang Pharmaceutical Co., Ltd., F. Hoffmann-La Roche AG, Syntex Pharm AG, Pfizer Inc., Biopharm AG, Roche Chemische Unternehmungen AG, Novartis Corporation, Novartis Pharmaceuticals Corporation, Novartis Pharma AG, GSK Consumer Healthcare S.A., Novartis Pharma Schweizerhalle AG, Novartis Pharma Stein AG, Bayer AG, GLAXOSMITHKLINE PLC, Merck & Co., Inc., Abbvie Inc.

Vitamin - Product Coverage

• HS 293621 - Vitamins; vitamins A and their derivatives, unmixed
• HS 293622 - Vitamins; vitamin B1 and its derivatives, unmixed
• HS 293623 - Vitamins; vitamin B2 and its derivatives, unmixed
• HS 293624 - Vitamins; D- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed
• HS 293625 - Vitamins; vitamin B6 and its derivatives, unmixed
• HS 293626 - Vitamins; vitamin B12 and its derivatives, unmixed
• HS 293627 - Vitamins; vitamin C and its derivatives, unmixed
• HS 293628 - Vitamins; vitamin E and its derivatives, unmixed
• HS 293629 - Vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed
• HS 293690 - Vitamins; n.e.s. in heading no. 2936, including natural concentrates

Source: IndexBox Market Intelligence Platform