What is the global market size of the Vitamin In Human Nutrition Market?

Global Vitamin In Human Nutrition Market size was valued at USD 4.47 billion in 2021 and is poised to grow from USD 4.8 billion in 2022 to USD 7.86 billion by 2030, growing at a CAGR of 7.3% in the forecast period (2023-2030).

Vitamin In Human Nutrition Market Size

Vitamin In Human Nutrition Market Insights

Global Vitamin In Human Nutrition Market size was valued at USD 4.8 billion in 2023 and is poised to grow from USD 5.15 billion in 2024 to USD 9.05 billion by 2032, growing at a CAGR of 7.3% during the forecast period (2025-2032).

Vitamins are goods that are consumed in tiny, concentrated dosages to support the body's physiological activities, maintain health, enhance physical and mental well-being, or lower the risk of disease. In recent years, the Healthcare (Nutrition and Pharmaceutical) and Personal Care sectors have expanded, expanding their commercial emphasis to new areas, and fulfilling common customer demands. The company's growth, together with the newest industry trends, has resulted in the development of transversal and creative market sectors focused on providing health and wellness advantages via the use of natural products and resources (e.g., vitamins). Vitamins supplements account for 10% of the global human nutrition. They are utilized as a food supplement for certain requirements ranging from disease-related to athletic.

A growing number of health-conscious customers and a preference for vitamins in daily diets are projected to fuel the vitamin in human nutrition market. The COVID-19 pandemic emphasized the need of vitamin intake. According to the United Kingdom's National Institute for Health and Care Excellence (NICE), vitamin D is crucial for bone and muscular health as well as boosting the body's immunological response to respiratory infections. Furthermore, it is advised that adults (including pregnant and nursing mothers), children, and young people over the age of four consume 10 micrograms of vitamin D daily.

US Vitamin In Human Nutrition Market is poised to grow at a sustainable CAGR for the next forecast year.

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The acquisition is one of the key strategies adopted by the key players in this market. The acquisition offers reduced entry barriers, market power, access to experts, customer base, etc. BASF, DSM, Cargill, Glanbia PLC, and Kerry Group PLC are some of the players using this strategy to strengthen their business network and product portfolio. For instance, Cargill acquired Continental Grain and DSM acquired Prodap in 2021. 'DSM (Netherlands)', 'BASF SE (Germany) ', 'Lonza Group AG (Switzerland) ', 'DuPont de Nemours, Inc. (USA) ', 'Nutralliance (USA) ', 'SternVitamin GmbH & Co. KG (Germany) ', 'Wright Enrichment Inc. (USA) ', 'Atrium Innovations Inc. (Canada) ', 'Nature's Way Products, LLC (USA) ', 'Nestle S.A. (Switzerland) ', 'Abbott Laboratories (USA) ', 'Pfizer Inc. (USA) ', 'Glanbia plc (Ireland) ', 'Amway (USA) ', 'Herbalife Nutrition Ltd. (USA) ', 'USANA Health Sciences, Inc. (USA) ', 'Nature's Bounty Co. (USA) ', 'Jamieson Wellness Inc. (Canada) ', 'NOW Foods (USA)'

The rise of a high-income middle class in emerging vitamin in human nutrition market is expected to drive the growth of the global human nutrition market. By the end of 2018, there were 679 million middle-class households in emerging countries, a figure that is expected to expand by 2.7% by 2030. In comparison, the number of middle-class households in developed countries was 176 million in 2018 and is expected to increase by 6.3% by 2030. Between 2019 and 2030, the number of households in developing countries with an annual disposable income of USD45,000-100,000 Purchasing power parity (PPP) is expected to rise by 5.6% per year on average, far outpacing the 1.2% annual growth expected for the total number of households. Their spending is expected to rise at a 6.9% annual rate in real terms through 2030, outpacing the 1.9% annual real spending growth forecast for households earning USD15,000-45000 (PPP

The human nutrition market witnessed increased prices across various segments such as Amino acids, Vitamins, Carotenoids, Omega 3, and Lipids. Multiple companies like DSM, BASF, Ajinomoto, and BASF have increased the prices of one or the other ingredient price by more than 10%. For instance, BASF increased vitamin E prices by 20%. Ajinomoto increased probiotic prices by 10%, and DSM hiked the prices of fish oils by 15%. For instance, DSM increased the price of fish oils by 15%.

North America held the largest Vitamin In Human Nutrition Market share. Obesity and lifestyle-related disorders are on the rise in North America because of more unhealthy diets, increased disposable money, and availability to a range of processed and ready-to-eat foods. Furthermore, functional foods and supplements have emerged in the "transitioning face of food," providing a wide range of health advantages in addition to basic nourishment.