Selbyville, Delaware, Aug. 16, 2021 (GLOBE NEWSWIRE) --
Global Vitamin A Market is projected to cross USD 700 million by 2027, according to a new research report by Global Market Insights Inc. The growing trend of natural ingredients in personal care & cosmetic has accelerated the growth of vitamin A in the cosmetic industry, especially among millennials.
Millennials are shifting toward natural ingredients owing to their concerns regarding synthetic ingredients/chemical compounds and their side effects. Natural sources of vitamin A have extensively been used in the personal care & cosmetics industry. They provide a natural feel and good effect on the skin, which in turn, will drive vitamin A demand.
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Some major findings of the vitamin A market report include:
- Pharmaceutical-grade vitamin A is expected to witness over 6% CAGR in the coming timeframe owing to a rise in the global pharma industry.
- Natural vitamin A is anticipated to demonstrate a significant CAGR of over 6% through 2027 owing to the increasing trend of natural and organic products in multiple industries including cosmetics, pharmaceuticals, and many others.
- Animal feed application held a significant share of up to 68% in the global market due to continuous increase in the demand for vitamin A to improve animal diet.
- The animal feed segment from poultry captured a major share in the global market and is anticipated to show significant CAGR between 2021 and 2027 due to the rising consumption of meat, especially in developed regions.
- Asia Pacific holds the largest share in the global market and is anticipated to demonstrate a lucrative CAGR of over 5.6% owing to the booming Asia Pacific animal and food industries.
Browse key industry insights spread across 270 pages with 379 market data tables and 26 figures & charts from the report, “Vitamin A Market Statistics, 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 – 2027” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/vitamin-a-market
Vitamin A market from food & beverages is set to surpass USD 30 million by 2027 with a CAGR of over 5.4%. Vitamin A aids growth & development, skin & bone formation, red blood cell formation, immune functions, reproduction, and vision improvement, thus making it preferable for food fortification. The adding of micronutrients to processed food is known as food fortification. The rising health consciousness about vitamin deficiencies that can cause health afflictions, such as anemia, pellagra, scurvy, and beriberi, will increase the demand for fortified food & beverages. These factors will boost the vitamin A demand in the food & beverages industry.
North America vitamin A market surpassed USD 135 million in 2020 and is projected to register a lucrative CAGR in the coming years. Growing consumer health concerns related to chronic diseases combined with a growing desire to live a better lifestyle are expected to drive the demand for vitamin A in North America. Due to increased visibility through media houses and e-commerce portals, consumers of all ages are focusing on improving their diet consumption patterns through the usage of nutritional food ingredients. This is projected to expand the scope of nutraceuticals including dietary supplements in the region.
Browse the Toc of this report @ https://www.gminsights.com/toc/detail/vitamin-a-market
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
