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High adoption of synthetic production techniques which require coal tar derivatives and petroleum based raw materials leads to pollution. Rising number of environmental regulations to curb pollution may hinder growth of vitamin ingredients market for food & personal care applications. Moreover, increasing efforts by regulatory bodies to prevent misleading claims on nutritional labels along with regulations to prevent toxicity may further stimulate vitamin ingredients market for food & personal care applications.U.S. vitamin D market demand is poised to exceed USD 500 million up to 2024 owing to rising awareness of health & wellness in the country along with convenience feed demand. This product is essential for optimal calcium absorption to maintain bone & teeth health which may stimulate vitamin ingredients market for food & personal care applications. Product deficiency increases the possibility of rickets in children and breast, prostate, colon cancers & heart disease in adults which in result increases the growth of vitamin ingredients market for food & personal care applications.
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UK vitamin B2 market from food applications could witness gains at over 4.5% in the forecast timeframe owing to several product benefits such as reduced fatigue & tiredness and supporting hectic lifestyles. This product is used in various fortified feed items such as pastas, sauces, breakfast cereals, fruit drinks, processed cheese and energy drinks. This nutrient is essential for the maintenance of digestive lining, healthy skin, blood cell production and its deficiency may cause anemia which should accelerate growth of vitamin ingredients market for food & personal care applications.
Germany vitamin B3 market size from nutraceutical applications shall surpass USD 1.7 million by the end of projected timeframe. These products play an important role in cholesterol management along with providing safety and efficacy. Rising involvement of consumers towards physical health & fitness along with requirement of appropriate diets thereby enhancing healthy metabolism is expected to positively enhance vitamin ingredients market for food & personal care applications.
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Vitamin B12 market size from nutraceuticals may surpass USD 50 million by 2024. Improved sports performance along with tackling muscle wastage and joint health maintenance for the elderly may boost vitamin ingredients market for food & personal care applications. They are increasingly being used in various nutraceuticals such as fortified breakfast cereals, juices, soy milk and pasta which provide additional nutrients compared to their forms thereby stimulating vitamin ingredients market for food & personal care applications.
Vitamin K market size from personal care applications surpassed USD 1.2 million in 2017 on account of improved skin, nail, hair and eye health. It is used in skin care formulations for scars and stretch marks as it improves blood vessels elasticity, thereby driving vitamin ingredients market for food & personal care applications.
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Vitamin ingredients market for food & personal care applications is considerably consolidated among a few manufacturers such as BASF, Nestle, Pfizer, Groupe Danone and DSM. Major industry participants are focusing on the development of new products and strategic mergers & acquisitions to achieve market growth.
Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Website: https://www.gminsights.com/industry-analysis/vitamin-ingredients-market
Release ID: 522936
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