Dublin, Dec. 26, 2022 (GLOBE NEWSWIRE) -- The "Retinol (Vitamin A) Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 To 2030" report has been added to ResearchAndMarkets.com's offering.
The retinol (vitamin A) market is set to grow at a steady pace with a compounded annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2030. Retinol is enlisted in the World Health Organization (WHO) list of essential medicines.
Excellent pharmacodynamic and pharmacokinetic effects propels the synthetic retinol market growth
Natural retinol is obtained from sources such as sweet potatoes, carrots, apricots, oranges, eggs, meat and dairy products. Daily intake of retinol in diet is beneficial in maintaining healthy skin and eyesight. They are present in very small quantities in daily dietary intake which led to the demand for synthetic retinol.
Adapalene, tazarotene and isotretinoin are a few examples of synthetic retinol used commercially in cosmetic and pharmaceutical products. The factors responsible for their increasing demand are excellent pharmacodynamic and pharmacokinetic properties possessed by synthetic retinol.
Increasing number of people suffering with acne and atopic dermatitis drive the cosmetic products market growth
In the present scenario cosmetic products dominate the applications segment for retinol (vitamin A) market. The key factors responsible for the burgeoning requirement of retinol containing cosmetic products are rising prevalence of acne and atopic dermatitis. Scientist have validated the fact that decreased serum levels of retinol are present in patients suffering with skin diseases. Retinoid are beneficial in treating acne and atopic dermatitis by unclogging the skin pores and enhance the penetration of drug molecules present in gels and cream formulations.
In the pharmaceutical industry they are manufactured as soft gel capsules, eye drops and injectable to treat eye disorders such as night blindness, corneal ulcers and conjunctival xerosis etc. Fortified food will be garnering significant growth during the forecast period on account of rising public health awareness and flourishing food and dietary supplement industry. Animal feed is enriched with retinol to build immunity and maintain the necessary circadian rhythm necessary in livestock and poultry animals.
Rising prevalence of eye and skin disorders to drive the retinol (vitamin A) market in North America
North America is currently leading the geographical segment for retinol (vitamin A) market. As per the research findings of Center for Disease Control and Prevention (CDC), approximately 3.3 million American citizens are blind or are suffering with low vision. The factors responsible for the dominance of North America are rising prevalence of skin and eye disorders. According to the statistics provided by British Association of Dermatologist in Europe the prevalence rate of common diseases are warts (41.3%), contact dermatitis (15.0%) and acne (19.2%).
The prevalence rate of these skin diseases is higher in the women population in comparison to men. Key players such as Sigma-Aldrich, Adisseo, DSM and Bausch & Lomb incorporated etc., provide cosmetic products enriched in retinol to fight skin disease in Europe.
Asia Pacific is set to register excellent growth during the forecast period 2022 to 2030 on account of factors such as flourishing livestock and poultry industry. Emergence of local manufacturers impose stiff competition to major players providing fortified food products enriched with retinol.
Market Segmentation
Type
- Natural
- Synthetic
Application
- Animal Feed
- Fortified Food
- Pharmaceuticals
- Cosmetic Products
Key questions answered in this report
- What are the key micro and macro environmental factors that are impacting the growth of Retinol (Vitamin A) market?
- What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
- Estimated forecast and market projections up to 2030.
- Which segment accounts for the fastest CAGR during the forecast period?
- Which market segment holds a larger market share and why?
- Are low and middle-income economies investing in the Retinol (Vitamin A) market?
- Which is the largest regional market for Retinol (Vitamin A) market?
- What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
- Which are the key trends driving Retinol (Vitamin A) market growth?
- Who are the key competitors and what are their key strategies to enhance their market presence in the Retinol (Vitamin A) market worldwide?
Key Topics Covered:
1. Preface
2. Executive Summary
3. Retinol (Vitamin A) Market: Business Outlook & Market Dynamics
4. Retinol (Vitamin A) Market: By Type, 2020-2030, USD (Million)
5. Retinol (Vitamin A) Market: By Application, 2020-2030, USD (Million)
6. North America Retinol (Vitamin A) Market, 2020-2030, USD (Million)
7. UK and European Union Retinol (Vitamin A) Market, 2020-2030, USD (Million)
8. Asia Pacific Retinol (Vitamin A) Market, 2020-2030, USD (Million)
9. Latin America Retinol (Vitamin A) Market, 2020-2030, USD (Million)
10. Middle East and Africa Retinol (Vitamin A) Market, 2020-2030, USD (Million)
11. Company Profile
Companies Mentioned
- Adisseo
- BASF SE
- Bausch & Lomb Incorporated
- CooperVision
- Ion Labs Inc.
- DSM
- Riken Vitamin Co. Ltd.
- Seidler Chemical Co Inc.
- Sigma-Aldrich
- Zhejiang NHU Co. Ltd.
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