World - Provitamins And Vitamins - Market Analysis, Forecast, Size, Trends and Insights
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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
| Rating | Country |
|---|---|
| 1 | India |
| 2 | China |
| 3 | Japan |
| 4 | Canada |
| 5 | United 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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| China | 12823 | 9890 | 9197 | -15.3% |
| Belgium | 12019 | 8810 | 9833 | -9.5% |
| India | 9407 | 9320 | 11709 | 11.6% |
| Netherlands | 13785 | 12936 | 14640 | 3.1% |
| France | 25618 | 23583 | 17189 | -18.1% |
| Germany | 16567 | 13953 | 17616 | 3.1% |
| United States | 27440 | 25036 | 20093 | -14.4% |
| Singapore | 29386 | 30056 | 22708 | -12.1% |
| Switzerland | 23262 | 21132 | 22803 | -1.0% |
| Australia | 27667 | 29171 | 31490 | 6.7% |
| Average | 16305 | 13953 | 13449 | -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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Canada | 18832 | 16262 | 15038 | -10.6% |
| Spain | 13568 | 11881 | 13175 | -1.5% |
| France | 15810 | 15325 | 12960 | -9.5% |
| Germany | 12628 | 12036 | 12875 | 1.0% |
| United Kingdom | 14118 | 13325 | 12514 | -5.9% |
| Belgium | 11024 | 10676 | 12451 | 6.3% |
| Japan | 13184 | 10478 | 12419 | -2.9% |
| Indonesia | 15220 | 13122 | 11841 | -11.8% |
| Netherlands | 14553 | 11045 | 11733 | -10.2% |
| Italy | 12560 | 11561 | 11222 | -5.5% |
| Brazil | 14706 | 10679 | 11017 | -13.4% |
| United States | 17548 | 13169 | 10931 | -21.1% |
| Poland | 13981 | 12767 | 10892 | -11.7% |
| Average | 15231 | 13327 | 12542 | -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.
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Vitamin - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 1.7 | 1.2 | 1.4 | -9.1% |
| Netherlands | 0.4 | 0.5 | 1.1 | 55.4% |
| Germany | 0.7 | 0.5 | 0.7 | -0.7% |
| France | 0.3 | 0.3 | 0.4 | 8.4% |
| Belgium | 0.2 | 0.2 | 0.3 | 17.3% |
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
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| China | 3.5 | 2.7 | 3.2 | -3.3% |
| Netherlands | 0.4 | 0.2 | 1.2 | 67.9% |
| Switzerland | 1 | 0.8 | 0.9 | -6.0% |
| United States | 1 | 0.8 | 0.9 | -6.2% |
| Germany | 1 | 1 | 0.5 | -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
This report provides an in-depth analysis of the global vitamin market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21105100 - Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, w hether or not in any solvent
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Company coverage:
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
-
4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
-
5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
-
6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
-
10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
-
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
206
Vitamins play a crucial role in maintaining good health and well-being. They are essential nutrients that our bodies need in small amounts to function properly. With the growing awareness of the importance of vitamins, the global demand for vitamin supplements and fortified foods has been on the rise. As a result, several countries have become major import markets for vitamins, enabling people around the world to access these essential nutrients easily. One platform that provides in-depth insights into the global import market for vitamins is IndexBox Market Intelligence. This platform offers comprehensive data and statistics that allow businesses and individuals to stay informed about the latest trends and developments in the industry. The top import markets for vitamins in 2022 are the United States, Netherlands, Germany, Singapore, and France. These countries not only serve as vital import markets for vitamins but also contribute significantly to the global vitamin industry. The demand for vitamins continues to grow as people become more conscious of their health and seek ways to enhance their well-being. The import markets for vitamins have a significant impact on the global vitamin industry, driving the production and trade of vitamin supplements and fortified foods on a global scale. Platforms like IndexBox Market Intelligence offer invaluable data and insights to businesses and individuals seeking to navigate the complex dynamics of the global import market for vitamins. Staying informed about the latest trends and developments allows industry players to make informed decisions and capitalize on emerging opportunities.
344
Global vitamin trade rose by 16% y/y to $7.7B in 2020, driven by the increased demand for immune-boosting drugs during the COVID-19 pandemic. In physical terms, supplies spiked by 18% y/y to 584K tons.
1400
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
829
In 2016, the global vitamin imports stood at X tons, lowering by -X% against the previous year figure. Overall, vitamin imports continue to indicate a relatively flat trend pattern. The growth...
