Key Highlights
• Water-soluble vitamins are a group of essential nutrients that dissolve in water and play an important role in many bodily functions. They contain vitamin C and B vitamins (such as B1, B2, B3, B5, B6, B7, B9 and B12). These vitamins are not stored in the body and are excreted in the urine, so they must be taken regularly. Water-soluble vitamins are important for energy metabolism, immunity, nervous system function and the maintenance of healthy skin, vision and red blood cells. They act as coenzymes that assist enzymes in many biochemical reactions. Food sources of water-soluble vitamins include fruits, vegetables, whole grains, dairy products and lean meats. Cooking and food processing reduce the vitamin content, emphasizing the importance of balance and variety. Although vitamin deficiencies are rare due to their presence in foods, ensuring adequate vitamin intake is still important for health and well-being.
• The market size of the worldwide Water-Soluble Vitamin Industry surpassed USD XX billion in 2022, and by 2032, it is projected to reach USD XX billion, boosting at a CAGR of XX%.
• November 2021, ADM, a leader in agriculture, processing and food, announced the completion of the acquisition of Soja Protein, the European leader in GM soybean protein products. In addition, ADM's ability to meet the needs of food and beverage factories and convert proteins has increased.
• The demand for water-soluble vitamins in today's society is driven by many factors. First, growing awareness of the importance of good nutrition and its impact on overall health is pushing people to seek nutrients such as water-soluble vitamins to support their health. Second, changing dietary preferences and preferences, such as the increase in plant-based foods, has led to the search for sources rich in water-soluble vitamins such as nuts, fruits, vegetables, and whole grains. In addition, an aging population and a focus on health prevention have increased interest in vitamins that support disease prevention and health awareness, both of which are influenced by vitamins in water. The fast and stressful lifestyle of today's life also highlights the need for vitamins that support energy metabolism and manage stress. So, as people try to optimize their diet and improve overall well-being, the combination of these factors increases the demand for water-soluble vitamins.
Scope of the Industry Profile
Key Players
• Unilever (UK)
• Proctor & Gambler (US)
• Nestle (Switzerland)
• Danone (France)
• The Nature’s Bounty Co (US)
• Amway (US)
• Bayer (Germany)
• Sanofi (France)
• Novartis (Switzerland)
• BASF SE (Germany)
Segmentation
By Source
• Synthetic
• Natural
By Form
• Powder
• Tablets
• Capsules
• Soft Gels & Gummies
• Others
By Type
• Vitamin B1 (Thiamine)
• Vitamin B2 (Riboflavin)
• Vitamin B3 (Niacin)
• Vitamin B5 (Pantothenic Acid)
• Vitamin B6
• Vitamin B7 (Biotin)
• Vitamin B9
• Vitamin B12 (Cobalamin)
• Vitamin C
By Application
• Consumption/Nutrition
• Nutraceuticals
• Pharmaceuticals
What to Expect from Industry Profile
1. Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the Water-Soluble Vitamin market in the world.
2. Use the PORTER’s Five Forces analysis to determine the competitive intensity and therefore market attractiveness of the Global Water-Soluble Vitamin market.
3. Leading company profiles reveal details of key Water-Soluble Vitamin market players’ global operations, strategies, financial performance & their recent developments.
4. Add weight to presentations and pitches by understanding the future growth prospects of the Global Water-Soluble Vitamin market with forecast for decade by both market share (%) & revenue (USD Million).
Recent Development
• In October 2021, Royal DSM, a mission research firm, announces the completion of its acquisition of First Choice Products.
• November 2021, ADM, a leader in agriculture, processing and food, announced the completion of the acquisition of Soja Protein, the European leader in GM soybean protein products. In addition, ADM's ability to meet the needs of food and beverage factories and convert proteins has increased.
Segment Insights
By Source
The demand for synthetic water-soluble vitamins on the market today is driven by many factors. The main driving force is the need for the reliability and consistency of these vitamins, especially in areas where natural food may be limited or seasonal. Synthetic vitamins provide control and standardization, allowing individuals to receive the same dose regardless of dietary changes. In addition, the search for protection in the food and beverage industry has increased the demand for water-soluble synthetic vitamins as they can be easily incorporated into a variety of products to improve the food supply. This is based on consumers' interest in foods and beverages with specific health benefits. In addition, the expansion of the food products market also supports the demand for synthetic vitamins as it allows for greater quantities and formulations. Cost effectiveness and long shelf life are also driving forces. Synthetic vitamins are generally cheaper to produce than those derived from nature, making them a good choice for companies. Therefore, the combination of these factors increases the demand for synthetic water-soluble vitamins in today's dynamic economy and health.
By Application
The important role of water-soluble vitamins in human health and medical applications increases the demand for water-soluble vitamins in the pharmaceutical industry. Water-soluble vitamins, such as vitamin C and various B vitamins, play an important role in enzymatic reactions, metabolic processes and cell function. Companies use these vitamins as ingredients or cofactors in medicines, drugs, and medical treatments. Vitamins have the ability to support immunity, wound healing and the health of the nervous system and are therefore included in medicinal products to correct defects or improve treatment outcomes. Additionally, water-soluble vitamins can aid in the delivery of drugs for improved bioavailability and targeted delivery as a carrier for some drugs. As research reveals more about the interactions between vitamins and health, their potential as a complementary therapy for many diseases becomes apparent. This emerging knowledge is increasing the demand for water-soluble vitamins in the pharmaceutical industry as they are recognized as important ingredients for new and effective treatments.
Regional Insights
The demand for water-soluble vitamins in Asia Pacific is driven by many factors. Rapid urbanization, changing lifestyles and changing diets have led to an increase in awareness about nutrition and health. That's why consumers are looking for products that contain water-soluble vitamins to address nutritional deficiencies and improve overall health. The prevalence of vitamin deficiency in certain populations further highlights the importance of these vitamins in maintaining and maintaining health. Additionally, the rise of the middle class with more disposable incomes has resulted in increased spending on health and wellness products, including vitamins with water-soluble vitamins. To meet consumer demand for functional and nutritious foods, the focus on conservation in the food and beverage industry is also driving this demand. Moreover, growth and research progress in the pharmaceutical industry is further driving demand by exploring the therapeutic potential of water vitamins. In summary, changing consumer preferences, health concerns, market characteristics and market trends are driving demand for water-soluble vitamins in the Asia Pacific market.
1 INTRODUCTION
1.1 Study Objectives
1.2 Market Definitions
1.2.1 Inclusions & Exclusions
1.2.2 Region: Inclusions & Exclusions
1.2.3 Study Scope
1.2.3.1 Markets Covered
1.2.3.2 Regional Scope
1.2.3.3 Years Considered
1.2.4 Currency Considered
1.2.5 Limitations
1.2.6 Summary Of Report (Chapter Wise Summary)
2 RESEARCH METHODOLOGY
2.1 Research Data
2.1.1 Secondary & Primary Research
2.1.2 Secondary Data
2.1.2.1 Secondary Sources
2.1.3 Primary Data
2.1.3.1 Primary Sources
2.2 Market Breakdown & Data Triangulation
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Research Assumptions & Limitations
2.4.1 Assumptions
2.4.2 Limitations
3 EXECUTIVE SUMMARY
4 ACROSS THE GLOBE
4.1 Upcoming Attractive Market Opportunities
4.2 Country Wise Market Growth
4.3 Segment Wise Market Growth
5 MARKET OVERVIEW
5.1 Market Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 PORTOR’S Five Forces Analysis
5.3.1 Threat of New Entrants
5.3.2 Threat of Substitutes
5.3.3 Bargaining Power of Suppliers
5.3.4 Bargaining Power of Buyers
5.3.5 Intensity of Competitive Rivalry
5.4 Market Premium insights (Enterprise license)
5.4.1 Case Study Analysis
5.4.2 Country Wise Import & Export Data (If
Applicable)
5.4.3 Regulatory Bodies & Authorization
Across the Globe
5.4.4 Key Conferences & Events: 2022 &
2023
5.4.5 Top Patents for The Market: 2022
6 WATER SOLUBLE VITAMIN MARKET
OVERVIEW, BY SOURCE
6.1 Global Market Revenue & Share Analysis, By Source
6.1.1 Synthetic
6.1.2 Natural
6.2 Global Market Revenue & Share Analysis, 2018 – 2022
6.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
6.4 Key Takeaways
7 WATER SOLUBLE VITAMIN MARKET
OVERVIEW, BY FORM
7.1 Global Market Revenue & Share Analysis, By Form
7.1.1 Powder
7.1.2 Tablets
7.1.3 Capsules
7.1.4 Soft Gels & Gummies
7.1.5 Others
7.2 Global Market Revenue & Share Analysis, 2018 – 2022
7.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
7.4 Key Takeaways
8 WATER SOLUBLE VITAMIN MARKET
OVERVIEW, BY TYPE
8.1 Global Market Revenue & Share Analysis, By Type
8.1.1 Vitamin B1 (Thiamine)
8.1.2 Vitamin B2 (Riboflavin)
8.1.3 Vitamin B3 (Niacin)
8.1.4 Vitamin B5 (Pantothenic Acid)
8.1.5 Vitamin B6
8.1.6 Vitamin B7 (Biotin)
8.1.7 Vitamin B9
8.1.8 Vitamin B12 (Cobalamin)
8.1.9 Vitamin C
8.2 Global Market Revenue & Share Analysis, 2018 – 2022
8.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
8.4 Key Takeaways
9 WATER SOLUBLE
VITAMIN MARKET OVERVIEW, BY AAPLICATION
9.1 Global Market Revenue & Share Analysis, By Application
9.1.1 Consumption/Nutrition
9.1.2 Nutraceuticals
9.1.3 Pharmaceuticals
9.2 Global Market Revenue & Share Analysis, 2018 – 2022
9.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
9.4 Key Takeaways
10 WATER SOLUBLE VITAMIN MARKET
OVERVIEW, BY REGION
10.1 Global Market Revenue & Share Analysis, By Region
10.1.1 North America
10.1.2 Europe
10.1.3 Asia Pacific
10.1.4 Middle East & Africa
10.1.5 South America
10.2 Global Market Revenue & Share Analysis, 2018 – 2022
10.3 Global Market Revenue & Share Forecast Analysis, 2023 –
2032
10.4 Key Takeaways
11 NORTH AMERICA MARKET
ANALYSIS
11.1 North America Market Revenue & Share Analysis, By Source
11.2 North America Market Revenue & Share Analysis, By Form
11.3 North America Market Revenue & Share Analysis, By Type
11.4 North America Market Revenue & Share Analysis, By
Application
11.5 North America Market Revenue & Share Analysis, By Country
11.5.1 US
11.5.2 Canada
11.5.3 Mexico
11.6 Key Takeaways
12 EUROPE MARKET ANALYSIS
12.1 Europe Market Revenue & Share Analysis, By Source
12.2 Europe Market Revenue & Share Analysis, By Form
12.3 Europe Market Revenue & Share Analysis, By Type
12.4 Europe Market Revenue & Share Analysis, By Application
12.5 Europe Market Revenue & Share Analysis, By Country
12.5.1 UK
12.5.2 Italy
12.5.3 Spain
12.5.4 Germany
12.5.5 France
12.5.6 Rest of Europe
12.6 Key Takeaways
13 ASIA PACIFIC MARKET ANALYSIS
13.1 APAC Market Revenue & Share Analysis, By Source
13.2 APAC Market Revenue & Share Analysis, By Form
13.3 APAC Market Revenue & Share Analysis, By Type
13.4 APAC Market Revenue & Share Analysis, By Application
13.5 APAC Market Revenue & Share Analysis, By Country
13.5.1 China
13.5.2 Japan
13.5.3 India
13.5.4 South Korea
13.5.5 Rest of APAC
13.6 Key Takeaways
14 MIDDLE EAST & AFRICA MARKET
ANALYSIS
14.1 MEA Market Revenue & Share Analysis, By Source
14.2 MEA Market Revenue & Share Analysis, By Form
14.3 MEA Market Revenue & Share Analysis, By Type
14.4 MEA Market Revenue & Share Analysis, By Application
14.5 MEA Market Revenue & Share Analysis, By Country
14.5.1 GCC
14.5.2 South Africa
14.5.3 Rest of MEA
14.6 Key Takeaways
15 SOUTH AMERICA MARKET ANALYSIS
15.1 SA Market Revenue & Share Analysis, By Source
15.2 SA Market Revenue & Share Analysis, By Form
15.3 SA Market Revenue & Share Analysis, By Type
15.4 SA Market Revenue & Share Analysis, By Application
15.5 SA Market Revenue & Share Analysis, By Country
15.5.1 Brazil
15.5.2 Argentina
15.5.3 Rest of SA
15.6 Key Takeaways
16 COMPETITIVE SCENARIO
16.1 Overview
16.2 Key Players Market Share Analysis
16.3 Recent Developments & Source Launches
16.4 Mergers & Acquisitions
16.5 Partnerships, Agreements & Collaborations
17 COMPANY PROFILES
17.1 Overview
17.2 Key players
17.2.1 Unilever (UK)
17.2.1.1 Business Overview
17.2.1.2 Product Offered
17.2.1.3 Financial Insights
17.2.1.4 Strategic Developments
17.2.1.4.1 New Product Launches
17.2.1.4.2 Agreements & Collaborations
17.2.1.5 Business Aspects (NOISE Analysis)
17.2.1.5.1 Key Strengths
17.2.1.5.2 Opportunities
17.2.1.5.3 Weaknesses & Competitive Threats
17.2.1.5.4 Needs & Improvements
17.2.2 Proctor & Gambler (US)
17.2.3 Nestle (Switzerland)
17.2.4 Danone (France)
17.2.5 The Nature’s Bounty Co (US)
17.2.6 Amway (US)
17.2.7 Bayer (Germany)
17.2.8 Sanofi (France)
17.2.9 Novartis (Switzerland)
17.2.10 BASF SE (Germany)
18 DISCLAIMER
19 APPENDIX
