Market Overview:
The global water-soluble vitamin market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for vitamins in food and beverage applications, and rising awareness about the benefits of vitamins among consumers. In terms of type, the vitamin B segment is expected to lead the global water-soluble vitamin market during the forecast period, owing to its high demand in dietary supplements and functional foods & beverages. The other segment includes vitamins such as A, D, E & K which are also used in various applications such as healthcare and food & beverages. Regionally, North America dominates the global water-soluble vitamin market due to early adoption of new technologies by manufacturers coupled with rising consumer awareness about health benefits associated with consumption of these products.
Product Definition:
Water-soluble vitamins dissolve in water and are easily absorbed by the body. The body cannot store these vitamins, so they must be consumed regularly. Water-soluble vitamins include the B vitamins and vitamin C.
The water-soluble vitamins play important roles in energy production, metabolism, and other essential bodily functions. They also help protect the body from disease.
Vitamin B:
Vitamin B is also known as vitamin of the B complex and is a group of water-soluble vitamins that act as cofactors for various enzymes in the body. The functions of vitamins are divided into two categories, namely intrinsic (essential) functions and extrinsic (non-essential) functions.
Vitamin C:
Vitamin C, also known as ascorbic acid or vitamin As, is a water-soluble vitamin that is required by the human body for the synthesis of collagen and certain proteins. It also has an important role in wound healing and helps in reducing the severity of common colds. The current recommended daily intake (RDI) for Vitamin C is 90mg for adult males and 75 mg for adult females.
Application Insights:
Healthcare was the largest application segment in 2017 and is expected to maintain its lead over the forecast period. The increasing geriatric population, coupled with rising healthcare costs, particularly in North America and Europe, are among key factors driving the demand for water-soluble vitamins.
The food & beverage industry is anticipated to emerge as one of the fastest-growing segments over the forecast period owing to increased awareness regarding healthy eating habits among consumers across various regions. Furthermore, growing consumer preference for functional foods that provide nutritional benefits along with improved digestive health is projected to fuel product demand in this segment over the coming years.
Other applications include personal care products and animal feed supplements where water-soluble vitamins play a significant role in maintaining skin & coat condition as well as improving animal metabolism & digestion.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. This can be attributed to growing health concerns among consumers, rising disposable income levels, and increasing awareness about nutritional products. The region accounts for more than 60% of global population and has been witnessing rapid urbanization that has led to increased consumption of processed foods along with a rise in obesity problems. These factors are anticipated to drive demand for water-soluble vitamins in this region during the forecast period.
North America is projected to witness significant growth over the coming years owing to an increase in per capita healthcare spending coupled with rising consumer awareness regarding preventive healthcare measures such as regular checkups, immunizations, cancer screening programs & other chronic diseases prevention programs targeting adults & children alike.
Growth Factors:
- Increasing awareness about the health benefits of water-soluble vitamins is expected to drive the market growth.
- Rising demand for dietary supplements and functional foods is anticipated to boost the market growth.
- Growing geriatric population is likely to propel the demand for water-soluble vitamins in near future.
- Increasing prevalence of chronic diseases such as diabetes, heart disease, and cancer is projected to fuel the market growth over next few years. 5) Technological advancements in production process are expected to provide lucrative opportunities for key players operating in this market during forecast period
Scope Of The Report
Report Attributes
Report Details
Report Title
Water-Soluble Vitamin Market Research Report
By Type
Vitamin B, Vitamin C, Other
By Application
Healthcare, Food & Beverages, Other
By Companies
DSM Nutritional Products, DuPont, Pfizer, BASF, CSPC Pharmaceutical Group, Dishman Group, Bluestar Adisseo, Fermenta Biotech, Jubilant Life Sciences, Lonza Group, North China Pharmaceutical, Vertellus Specialties, Zhejiang Hangzhou Xinfu Pharmaceutical, Zhejiang Medicine, Zhejiang NHU, Kemin Industries, Archer Daniels Midland, Pharmaceutical Companies Offering Vitamins, Atrium Innovations, Avid Health, Sanofi, DLG Group
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Water-Soluble Vitamin Market Report Segments:
The global Water-Soluble Vitamin market is segmented on the basis of:
Types
Vitamin B, Vitamin C, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Healthcare, Food & Beverages, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DSM Nutritional Products
- DuPont
- Pfizer
- BASF
- CSPC Pharmaceutical Group
- Dishman Group
- Bluestar Adisseo
- Fermenta Biotech
- Jubilant Life Sciences
- Lonza Group
- North China Pharmaceutical
- Vertellus Specialties
- Zhejiang Hangzhou Xinfu Pharmaceutical
- Zhejiang Medicine
- Zhejiang NHU
- Kemin Industries
- Archer Daniels Midland
- Pharmaceutical Companies Offering Vitamins
- Atrium Innovations
- Avid Health
- Sanofi
- DLG Group
Highlights of The Water-Soluble Vitamin Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Vitamin B
- Vitamin C
- Other
- By Application:
- Healthcare
- Food & Beverages
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Water-Soluble Vitamin Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Water-soluble vitamins are those that dissolve in water. This means they can be absorbed through the skin and into the body more easily than other types of vitamins.
Some of the major companies in the water-soluble vitamin market are DSM Nutritional Products, DuPont, Pfizer, BASF, CSPC Pharmaceutical Group, Dishman Group, Bluestar Adisseo, Fermenta Biotech, Jubilant Life Sciences, Lonza Group, North China Pharmaceutical, Vertellus Specialties, Zhejiang Hangzhou Xinfu Pharmaceutical, Zhejiang Medicine, Zhejiang NHU, Kemin Industries, Archer Daniels Midland, Pharmaceutical Companies Offering Vitamins, Atrium Innovations, Avid Health, Sanofi, DLG Group.
The water-soluble vitamin market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Water-Soluble Vitamin Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Water-Soluble Vitamin Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Water-Soluble Vitamin Market - Supply Chain
4.5. Global Water-Soluble Vitamin Market Forecast
4.5.1. Water-Soluble Vitamin Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Water-Soluble Vitamin Market Size (000 Units) and Y-o-Y Growth
4.5.3. Water-Soluble Vitamin Market Absolute $ Opportunity
5. Global Water-Soluble Vitamin Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Water-Soluble Vitamin Market Size and Volume Forecast by Type
5.3.1. Vitamin B
5.3.2. Vitamin C
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Water-Soluble Vitamin Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Water-Soluble Vitamin Market Size and Volume Forecast by Application
6.3.1. Healthcare
6.3.2. Food & Beverages
6.3.3. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Water-Soluble Vitamin Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Water-Soluble Vitamin Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Water-Soluble Vitamin Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Water-Soluble Vitamin Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Water-Soluble Vitamin Demand Share Forecast, 2019-2026
9. North America Water-Soluble Vitamin Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Water-Soluble Vitamin Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Water-Soluble Vitamin Market Size and Volume Forecast by Application
9.4.1. Healthcare
9.4.2. Food & Beverages
9.4.3. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Water-Soluble Vitamin Market Size and Volume Forecast by Type
9.7.1. Vitamin B
9.7.2. Vitamin C
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Water-Soluble Vitamin Demand Share Forecast, 2019-2026
10. Latin America Water-Soluble Vitamin Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Water-Soluble Vitamin Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Water-Soluble Vitamin Market Size and Volume Forecast by Application
10.4.1. Healthcare
10.4.2. Food & Beverages
10.4.3. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Water-Soluble Vitamin Market Size and Volume Forecast by Type
10.7.1. Vitamin B
10.7.2. Vitamin C
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Water-Soluble Vitamin Demand Share Forecast, 2019-2026
11. Europe Water-Soluble Vitamin Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Water-Soluble Vitamin Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Water-Soluble Vitamin Market Size and Volume Forecast by Application
11.4.1. Healthcare
11.4.2. Food & Beverages
11.4.3. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Water-Soluble Vitamin Market Size and Volume Forecast by Type
11.7.1. Vitamin B
11.7.2. Vitamin C
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Water-Soluble Vitamin Demand Share, 2019-2026
12. Asia Pacific Water-Soluble Vitamin Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Water-Soluble Vitamin Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Water-Soluble Vitamin Market Size and Volume Forecast by Application
12.4.1. Healthcare
12.4.2. Food & Beverages
12.4.3. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Water-Soluble Vitamin Market Size and Volume Forecast by Type
12.7.1. Vitamin B
12.7.2. Vitamin C
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Water-Soluble Vitamin Demand Share, 2019-2026
13. Middle East & Africa Water-Soluble Vitamin Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Water-Soluble Vitamin Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Water-Soluble Vitamin Market Size and Volume Forecast by Application
13.4.1. Healthcare
13.4.2. Food & Beverages
13.4.3. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Water-Soluble Vitamin Market Size and Volume Forecast by Type
13.7.1. Vitamin B
13.7.2. Vitamin C
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Water-Soluble Vitamin Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Water-Soluble Vitamin Market: Market Share Analysis
14.2. Water-Soluble Vitamin Distributors and Customers
14.3. Water-Soluble Vitamin Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. DSM Nutritional Products
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. DuPont
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Pfizer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. BASF
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. CSPC Pharmaceutical Group
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Dishman Group
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Bluestar Adisseo
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Fermenta Biotech
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Jubilant Life Sciences
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Lonza Group
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. North China Pharmaceutical
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Vertellus Specialties
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Zhejiang Hangzhou Xinfu Pharmaceutical
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. Zhejiang Medicine
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Zhejiang NHU
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Kemin Industries
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Archer Daniels Midland
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Pharmaceutical Companies Offering Vitamins
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Atrium Innovations
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Avid Health
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
