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

RatingCountry
1India
2China
3Japan
4Canada
5United States

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

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
China1282398909197-15.3%
Belgium1201988109833-9.5%
India940793201170911.6%
Netherlands1378512936146403.1%
France256182358317189-18.1%
Germany1656713953176163.1%
United States274402503620093-14.4%
Singapore293863005622708-12.1%
Switzerland232622113222803-1.0%
Australia2766729171314906.7%
Average163051395313449-9.2%

There were significant differences in the average prices amongst the major exporting countries. In 2020, the country with the highest price was Australia ($31,490 per ton), while China ($9,197 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by India, while the other global leaders experienced more modest paces of growth.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Canada188321626215038-10.6%
Spain135681188113175-1.5%
France158101532512960-9.5%
Germany1262812036128751.0%
United Kingdom141181332512514-5.9%
Belgium1102410676124516.3%
Japan131841047812419-2.9%
Indonesia152201312211841-11.8%
Netherlands145531104511733-10.2%
Italy125601156111222-5.5%
Brazil147061067911017-13.4%
United States175481316910931-21.1%
Poland139811276710892-11.7%
Average152311332712542-9.3%

Average prices varied somewhat amongst the major importing countries. In 2020, major importing countries recorded the following prices: in Canada ($15,038 per ton) and Spain ($13,175 per ton), while Poland ($10,892 per ton) and the United States ($10,931 per ton) were amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Belgium, while the other global leaders experienced mixed trends in the import price figures.

Vitamin - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States1.71.21.4-9.1%
Netherlands0.40.51.155.4%
Germany0.70.50.7-0.7%
France0.30.30.48.4%
Belgium0.20.20.317.3%

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

COUNTRY201820192020CAGR,
2018-2020
billion USD
China3.52.73.2-3.3%
Netherlands0.40.21.267.9%
Switzerland10.80.9-6.0%
United States10.80.9-6.2%
Germany110.5-31.3%

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
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World - Provitamins and Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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Australia and Oceania - Provitamins and Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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Latin America and the Caribbean - Provitamins and Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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Eastern Asia - Provitamins and Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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Africa - Provitamins and Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the vitamin market in Africa.

Southern Asia - Provitamins and Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the vitamin market in Southern Asia.

Northern America - Provitamins and Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the vitamin market in Northern America.

Middle East - Provitamins and Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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This report provides an in-depth analysis of the vitamin market in the Middle East.

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