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

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.

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 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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