Food Grade Vitamin A Market - Forecast(2023 - 2028)

Report Code: FBR 55734 Report Format: PDF + Excel

Food Grade Vitamin A Market Overview

The Food Grade Vitamin A Market size is estimated to reach $828.3 million by 2028, growing at a CAGR of 4.9% during the forecast period 2023-2028. Raised obesity levels result in a fall in vitamin A levels. Investigations have been conducted on the predominance of malnutrition and vitamin A deficiency in Nigerian preschool children functioning on soaring intakes of carotenes. Certain food sources of vitamin A in human nutrition include sweet potatoes, dairy and pumpkins. Based on Type, the Food Grade Vitamin A Market is segmented into High Purity Feed Grade Vitamin A and Low Purity Feed Grade Vitamin A. As per data from UNICEF, pertaining to Vitamin A Deficiency, only two out of five truly needy children acquired the life-saving advantages of vitamin A supplementation in 2020. “The U.S. Title II Food Aid Program (U.S.PL480) has been fortifying wheat flour with vitamin A (SD-250) since 1969.” The increasing predominance of vitamin A deficiency owing to malnutrition is set to drive the Food Grade Vitamin A Market. The surging application of food fortification is also set to propel the growth of the Food Grade Vitamin A Industry during the forecast period 2023-2028. This represents the Food Grade Vitamin A Industry Outlook.

Food Grade Vitamin A Market Report Coverage

The Food Grade Vitamin A Market Report - Forecast (2023-2028)” by IndustryARC, covers an in-depth analysis of the following segments in the Food Grade Vitamin A Market.

By Type: High Purity Feed Grade Vitamin A and Low Purity Feed Grade Vitamin A.
By Application: Human Nutrition, Cosmetics and Others.
By Geography: North America (the US, Canada and Mexico), Europe (Germany, France, the UK, Italy, Spain, Russia and the Rest of Europe), Asia-Pacific (China, Japan, South Korea, India, Australia & New Zealand and the Rest of Asia-Pacific), South America (Brazil, Argentina, Chile, Colombia and the Rest of South America) and the Rest of the World (the Middle East and Africa).

Key Takeaways

  • Geographically, North America (Food Grade Vitamin A Market share) accounted for the highest revenue share in 2022 and it is poised to dominate the market over the period 2023-2028 owing to surging consumption of vitamin A in powder form in human nutrition in the North American region.
  • The growth of the Food Grade Vitamin A Market is being driven by surging awareness regarding health including issues like obesity and malnutrition as connected to vitamin A deficiency. However, excessive consumption of vitamin A may bring about headaches, hair loss and dry skin, which is one of the major factors hampering the growth of the Food Grade Vitamin A Market.
  • The Food Grade Vitamin A Market Detailed Analysis of the Strengths, Weaknesses and Opportunities of the prominent players operating in the market would be provided in the Food Grade Vitamin A Market report.

Food Grade Vitamin A Market: Market Share (%) by Region, 2022

Food Grade Vitamin A Market

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Food Grade Vitamin A Market Segment Analysis – by Type

The Food Grade Vitamin A Market based on type can be further segmented into High Purity Feed Grade Vitamin A and Low Purity Feed Grade Vitamin A. The High Purity Feed Grade Vitamin A Segment held the largest share of the Food Grade Vitamin A Market in 2022. This growth is owing to the surging application of High Purity Feed Grade Vitamin A as an animal feed additive to assist in the development of eyes, skin, bones and reproductive systems. The soaring utilization in livestock farms for weight gain and superior health conditions are further propelling the growth of the High Purity Feed Grade Vitamin A segment. Furthermore, the Low Purity Feed Grade Vitamin A segment is estimated to grow at the fastest CAGR of 5.3% during the forecast period 2023-2028 owing to its growing application in livestock feed and pet food.

Food Grade Vitamin A Market Segment Analysis - by Application

The Food Grade Vitamin A Market based on the application can be further segmented into Human Nutrition, Cosmetics and Others. The Human Nutrition Segment held the largest share of the Food Grade Vitamin A Market in 2022. This growth is owing to the surging application of Food Grade Vitamin A in human nutrition owing to vitamin A playing a significant role in vision, reproduction, growth and maintenance of epithelial and bone structures. The soaring accessibility of vitamin A from preformed vitamin A in animal foods or from the carotene in green plants is further propelling the growth of this segment. Furthermore, the Cosmetics segment is estimated to grow at the fastest CAGR of 5.5% during the forecast period 2023-2028 owing to the rising application of vitamin A in skincare products to treat signs of extrinsic aging and to combat acne.

Food Grade Vitamin A Market Segment Analysis - by Geography

The Food Grade Vitamin A Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America and the Rest of the World. North America (Food Grade Vitamin A Market) dominated the Food Grade Vitamin A Market with a 35% share of the overall market in 2022. The growth of this segment is owing to the increasing predominance of obesity in the North American region. The surging innovations in animal feed products are further propelling the growth of the Food Grade Vitamin A Industry, thereby contributing to the Food Grade Vitamin A Industry Outlook, in the North American region. Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR over the forecast period 2023-2028. This growth is owing to factors like enhanced living standards to combat malnutrition in the Asia-Pacific region. The soaring intake of health supplements with micronutrients is further fueling the progress of the Food Grade Vitamin A Market in the Asia-Pacific region.

Food Grade Vitamin A Market Drivers

Surging Applications of Vitamin A:

As per Healthline, the Recommended Dietary Allowance (RDA) for vitamin A is 900 mcg and 700 mcg per day for men and women, respectively. Supplementation of Vitamin A is required to handle cases of Vitamin A deficiency brought about by obesity and malnutrition. Vitamin A may assist in combating acne and ailments. Dairy and meats are rich in Preformed Vitamin A or retinol. Vitamin A is responsible for keeping up eye health. It enhances immunity. It is critical for the development of white blood cells that combat infectious ailments. The surging applications of Vitamin are therefore fueling the growth of the Food Grade Vitamin A Market during the forecast period 2023-2028.

Soaring Innovations in Vitamin A:

Investigations demonstrate that greater blood levels of beta-carotene, alpha-carotene and beta-cryptoxanthin may decrease the risk of Age-related Macular Degeneration (AMD) by up to 25%. Innovative vitamin A products constitute an essential portion of human nutrition. BASF is one of the chief firms supplying vitamin A. It has established a science-based, high-quality product line with best-in-class flowability and dispersibility. BASF provides numerous grades and forms of vitamin A for different dietary supplements and functional food and beverage applications. The soaring innovations in Vitamin A are propelling the growth of the Food Grade Vitamin A Industry, thereby contributing to the Food Grade Vitamin A Industry Outlook during the forecast period 2023-2028.

Food Grade Vitamin A Market Challenges

Toxicity Due to Excessive Intake of Vitamin A:

Excessive intake of Vitamin A may be hazardous. To avert toxicity, it is essential not to exceed the Tolerable Upper Intake Level (UL) of 10,000 IU (3,000 mcg) per day for adults. Although it is possible to consume excess preformed vitamin A through animal-based sources like the liver, toxicity is most typically connected to surplus supplement intake and treatment with some medicines, like isotretinoin. Since vitamin A is fat-soluble, it is stocked in the body and can attain unhealthy levels over time. Consuming too much vitamin A can result in severe side effects and can even be fatal if extremely high doses are swallowed. These issues are thus hampering the growth of the Food Grade Vitamin A Market.

Key Market Players

Novel product launches, partnerships, increasing production, including cost-effective production methods and financing in R&D activities are key strategies adopted by players in the Food Grade Vitamin A Market. The top 10 companies in the Food Grade Vitamin A Market are:

  1. Koninklijke DSM N.V. (DSM)
  2. BASF SE
  3. Lonza Group
  4. Glanbia plc
  5. Archer-Daniels-Midland Company (ADM)
  6. Farbest Brands
  7. SternVitamin GmbH & Co. K.G.
  8. Adisseo France S.A.S.
  9. Btsa Biotecnologias Aplicadas SL
  10. Rabar Pty. Ltd.

Recent Developments

  • In July 2022, BASF extended its world-scale formulation capacities at its Verbund site in Ludwigshafen. The state-of-the-art facility is completely combined into vitamin production at the site. It would back and further extend the generation of high-quality vitamin A powder products for the animal nutrition industry.
  • In March 2021, Royal DSM declared the introduction of ampli-D®. ampli-D® is a quick-acting form of vitamin D for dietary supplements in Australia. ampli-D® is a quicker and more efficient way for Australian consumers to expand vitamin D levels in the body.
  • In January 2020, BASF concluded the acquisition of Solvay’s polyamide (PA 6.6) business. The transaction extended BASF’s polyamide potentialities with innovative and well-known products like Technyl®. This permitted BASF to back its customers with even superior engineering plastics solutions.

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1. Food Grade Vitamin A Market Overview
    1.1 Definitions and Scope
2. Food Grade Vitamin A Market - Executive Summary
3. Food Grade Vitamin A Market – Market Landscape
    3.1 Company Benchmarking - Key Companies
    3.2 Key Company Financial Analysis
    3.3 Market Share Analysis
    3.4 Patent Analysis
    3.5 Pricing Analysis (Comparison of General Price Offerings in the Market)
4. Food Grade Vitamin A Market – Startup Company Scenario (Premium)
    4.1 Investment
    4.2 Revenue
    4.3 Venture Capital and Funding Scenario
5. Food Grade Vitamin A Market – Market Entry Scenario Premium (Premium)
    5.1 Regulatory Scenario
    5.2 New Business and Ease of Doing business index
    5.3 Case Studies of Successful Ventures
6. Food Grade Vitamin A Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porter’s five force model
        6.3.1 Bargaining power of suppliers
        6.3.2 Bargaining powers of customers
        6.3.3 Threat of new entrants
        6.3.4 Rivalry among existing players
        6.3.5 Threat of substitutes
7. Food Grade Vitamin A Market – Strategic Analysis
    7.1 Value Chain Analysis 
    7.2 Opportunities Analysis
    7.3 Market Life Cycle Analysis
8. Food Grade Vitamin A Market – by Type (Market Size – $Million/$Billion) 
    8.1 High Purity Feed Grade Vitamin A
    8.2 Low Purity Feed Grade Vitamin A
9. Food Grade Vitamin A Market – by Application (Market Size – $Million/$Billion) 
    9.1 Human Nutrition
    9.2 Cosmetics
    9.3 Others
10. Food Grade Vitamin A Market - by Geography (Market Size - $Million/Billion)
    10.1 North America
        10.1.1 The US
        10.1.2 Canada
        10.1.3 Mexico
    10.2 Europe
        10.2.1 Germany
        10.2.2 France
        10.2.3 The UK
        10.2.4 Italy
        10.2.5 Spain
        10.2.6 Russia
        10.2.7 The Rest of Europe
    10.3 Asia-Pacific/APAC
        10.3.1 China
        10.3.2 Japan
        10.3.3 South Korea
        10.3.4 India
        10.3.5 Australia & New Zealand
        10.3.6 The Rest of Asia-Pacific
    10.4 South America
        10.4.1 Brazil
        10.4.2 Argentina
        10.4.3 Chile
        10.4.4 Colombia
        10.4.5 The Rest of South America
    10.5 The Rest of the World
        10.5.1 The Middle East
        10.5.2 Africa
11. Food Grade Vitamin A Market - Market Entropy
    11.1 New product launches
    11.2 M&As, collaborations, JVs and partnerships
12. Food Grade Vitamin A Market – Industry Competition Landscape (Premium)
    12.1 Market Share Analysis
        12.1.1 Market Share by Region – Key Companies
        12.1.2 Market Share by Countries – Key Companies
    12.2 Competition Matrix
    12.3 Best Practices for Companies
13. Food Grade Vitamin A Market – Key Company List by Country Premium (Premium)
14. Food Grade Vitamin A Market - Company Analysis
    14.1 Company 1
    14.2 Company 2
    14.3 Company 3
    14.4 Company 4
    14.5 Company 5
    14.6 Company 6
    14.7 Company 7
    14.8 Company 8
    14.9 Company 9
    14.10 Company 10
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LIST OF TABLES

1.Global Major Manufacturers Introduction Market 2019-2024 ($M)
1.1 Manufacturers List Market 2019-2024 ($M) - Global Industry Research
1.1.1 Future Strategic Planning Market 2019-2024 ($M)
2.Global Major Manufacturers Introduction Market 2019-2024 (Volume/Units)
2.1 Manufacturers List Market 2019-2024 (Volume/Units) - Global Industry Research
2.1.1 Future Strategic Planning Market 2019-2024 (Volume/Units)
3.North America Major Manufacturers Introduction Market 2019-2024 ($M)
3.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
3.1.1 Future Strategic Planning Market 2019-2024 ($M)
4.South America Major Manufacturers Introduction Market 2019-2024 ($M)
4.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
4.1.1 Future Strategic Planning Market 2019-2024 ($M)
5.Europe Major Manufacturers Introduction Market 2019-2024 ($M)
5.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
5.1.1 Future Strategic Planning Market 2019-2024 ($M)
6.APAC Major Manufacturers Introduction Market 2019-2024 ($M)
6.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
6.1.1 Future Strategic Planning Market 2019-2024 ($M)
7.MENA Major Manufacturers Introduction Market 2019-2024 ($M)
7.1 Manufacturers List Market 2019-2024 ($M) - Regional Industry Research
7.1.1 Future Strategic Planning Market 2019-2024 ($M)

LIST OF FIGURES

1.US Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
2.Canada Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
3.Mexico Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
4.Brazil Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
5.Argentina Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
6.Peru Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
7.Colombia Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
8.Chile Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
9.Rest of South America Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
10.UK Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
11.Germany Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
12.France Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
13.Italy Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
14.Spain Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
15.Rest of Europe Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
16.China Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
17.India Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
18.Japan Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
19.South Korea Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
20.South Africa Food Grade Vitamin A Market Revenue, 2019-2024 ($M)
21.North America Food Grade Vitamin A By Application
22.South America Food Grade Vitamin A By Application
23.Europe Food Grade Vitamin A By Application
24.APAC Food Grade Vitamin A By Application
25.MENA Food Grade Vitamin A By Application