Key Takeaways
- The global vitamins market size was valued at USD 47.86 billion in 2023 and is projected to grow at a CAGR of 8.7% from 2024 to 2030.
- In North America, the vitamins market generated USD 15.2 billion in revenue in 2022, representing 32% of the global share.
- The Asia Pacific vitamins market is expected to register the fastest CAGR of 9.5% during 2023-2030 due to rising health awareness.
- 68% of U.S. adults took vitamins daily in 2023 survey.
- 45% of global consumers increased vitamin intake post-COVID for immunity.
- Women aged 18-34 represent 28% of vitamin supplement purchasers worldwide.
- Multivitamins hold 42% of U.S. vitamin sales volume in 2023.
- Vitamin D supplements account for 22% global vitamins market by value.
- Gummy vitamins represent 15% of children's vitamin sales in North America.
- FDA issued 150 warning letters to vitamin firms in 2023 for label claims.
- EU banned 12 synthetic vitamin forms under Novel Foods Reg in 2023.
- 25% of tested vitamins exceeded USP potency limits by 10% or more.
- DSM holds 22% global vitamin production capacity.
- BASF vitamin portfolio generated EUR 2.1 billion in 2023 sales.
- Nature's Bounty acquired by Nestle, 15% U.S. market share post-merger.
The global vitamin market is growing strongly, led by online sales and multivitamins.
Competitive Landscape
- DSM holds 22% global vitamin production capacity.
- BASF vitamin portfolio generated EUR 2.1 billion in 2023 sales.
- Nature's Bounty acquired by Nestle, 15% U.S. market share post-merger.
- Amway Nutrilite leads direct sales vitamins with USD 4.5 billion revenue.
- Pfizer Centrum brand 28% share of U.S. multivitamins.
- Herbalife vitamin products 12% growth in Asia 2023.
- GNC filed bankruptcy but vitamins 60% of remaining sales.
- Blackmores Australia 35% market leader in APAC vitamins.
- NOW Foods organic vitamins line USD 800 million sales.
- Vitabiotics UK Perfectil brand top beauty vitamin.
- Swanson Health private label vitamins 10% e-com share.
- Kirkland Signature (Costco) lowest price leader, 18% volume share U.S.
- Olly Nutrition gummies acquired by Unilever, 22% kids segment.
- Garden of Life probiotic-vits 25% premium organic share.
- Quest Nutrition vitamin bars 14% sports nutrition.
- Ritual subscription model 8% personalized market penetration.
- Nature Made #1 pharmacist recommended vitamin brand 2023.
- Solgar premium vitamins 16% health store sales.
- Centrum Silver leads senior vitamins with 32% share.
- Airborne immune vitamins 20% effervescent category leader.
- MegaFood whole food vitamins 11% natural segment.
- Thorne Research clinician-grade vitamins top 5% premium.
- New Chapter fermented vitamins 9% organic fermentation niche.
- Nordic Naturals omega-vits 40% fish oil vitamin combos.
Competitive Landscape Interpretation
Consumer Behavior
- 68% of U.S. adults took vitamins daily in 2023 survey.
- 45% of global consumers increased vitamin intake post-COVID for immunity.
- Women aged 18-34 represent 28% of vitamin supplement purchasers worldwide.
- 72% of millennials prefer gummy vitamins over tablets.
- In Europe, 55% of consumers buy vitamins for energy boost.
- U.S. seniors over 65 consume 2.1 vitamin products on average monthly.
- 39% of parents give kids multivitamins daily globally.
- Asia Pacific consumers prioritize vitamin D supplements, 62% usage rate.
- 51% of gym-goers take vitamin B12 for performance.
- Organic vitamin preference rose to 47% among U.S. consumers in 2023.
- 34% of low-income households skip vitamins due to cost.
- China urban consumers take 3.2 supplements daily on average.
- 66% of pregnant women use prenatal vitamins regularly.
- Vegan consumers 4x more likely to take B12 supplements.
- 58% of remote workers increased vitamin C intake in 2023.
- India middle-class 25% YoY increase in vitamin purchases.
- 43% of consumers read labels for allergen-free vitamins.
- Brazil consumers favor natural source vitamins, 61% preference.
- 70% of athletes use electrolytes with vitamins post-workout.
- U.K. 29% of population vegetarian/vegan boosting vitamin needs.
- 52% of office workers take vitamins for stress relief.
- Global pet owners 35% give vitamins to pets mirroring human trends.
- 48% consumers influenced by social media vitamin recommendations.
- Japan elderly 81% daily vitamin users for bone health.
- 37% cut vitamin spending during inflation 2023.
- Australia 62% beachgoers use vitamin D supplements.
- 55% Gen Z seeks personalized vitamin subscriptions.
- Mexico 41% consumers buy vitamins via pharmacies.
Consumer Behavior Interpretation
Market Size & Growth
- The global vitamins market size was valued at USD 47.86 billion in 2023 and is projected to grow at a CAGR of 8.7% from 2024 to 2030.
- In North America, the vitamins market generated USD 15.2 billion in revenue in 2022, representing 32% of the global share.
- The Asia Pacific vitamins market is expected to register the fastest CAGR of 9.5% during 2023-2030 due to rising health awareness.
- U.S. vitamins and supplements retail sales reached USD 25.4 billion in 2022.
- The European vitamins market was valued at EUR 12.3 billion in 2023.
- Global vitamin D market size stood at USD 1.85 billion in 2022 and is anticipated to grow at 10.2% CAGR to 2030.
- Vitamin C market globally valued USD 1.2 billion in 2023, projected to USD 1.8 billion by 2030 at 6% CAGR.
- The multivitamin segment dominated the global vitamins market with 40% share in 2023, valued at USD 19.1 billion.
- Online sales channel for vitamins grew by 15% YoY in 2023, contributing 28% to total market revenue.
- China's vitamins market reached CNY 45 billion in 2022, with 12% annual growth.
- India vitamins supplements market expected to grow from USD 2.1 billion in 2023 to USD 4.5 billion by 2028 at 16.5% CAGR.
- Brazil vitamins market valued at BRL 8.5 billion in 2023.
- Global gummy vitamins market size was USD 3.2 billion in 2023, growing at 11% CAGR.
- Prenatal vitamins market worldwide reached USD 1.1 billion in 2022.
- Sports nutrition vitamins segment grew 14% in 2023 to USD 4.8 billion globally.
- The vitamins market in the Middle East & Africa is projected to grow at 7.8% CAGR from 2024-2030.
- Australia vitamins market sales hit AUD 2.1 billion in 2023.
- South Korea functional vitamins market valued at KRW 3.5 trillion in 2022.
- Global B-complex vitamins market size USD 6.7 billion in 2023.
- Vitamin E market globally at USD 2.1 billion in 2022, CAGR 5.5% to 2030.
- The vitamins market post-COVID grew 12% faster than pre-pandemic levels in 2023.
- U.K. vitamins retail sales USD 1.8 billion in 2023.
- Japan vitamins market valued at JPY 450 billion in 2023.
- Mexico vitamins supplements market USD 1.2 billion in 2022.
- Global kids vitamins market USD 2.4 billion in 2023, 9% CAGR.
- Senior nutrition vitamins segment USD 5.6 billion globally in 2023.
- Plant-based vitamins market grew 18% YoY to USD 3.9 billion in 2023.
- Organic vitamins market size USD 4.2 billion in 2023 worldwide.
- E-commerce vitamins sales projected to USD 20 billion globally by 2027.
- Latin America vitamins market CAGR 8.2% from 2023-2030.
Market Size & Growth Interpretation
Product Segmentation
- Multivitamins hold 42% of U.S. vitamin sales volume in 2023.
- Vitamin D supplements account for 22% global vitamins market by value.
- Gummy vitamins represent 15% of children's vitamin sales in North America.
- Liposomal vitamin C products grew 25% in sales 2023.
- B-complex vitamins comprise 18% of pharmacy vitamin shelf space.
- Collagen-infused vitamin C products 30% market share in beauty vitamins.
- Plant-based vitamin B12 sales up 40% YoY to 12% segment share.
- Effervescent tablets 10% of vitamin C market globally.
- Prenatal multivitamins with folate 65% of prenatal segment.
- Vitamin K2 products niche but 8% growth in bone health category.
- Chewable vitamins 28% preferred by seniors over capsules.
- Omega-3 with vitamin D combos 14% of heart health sales.
- Vegan gummies 22% of total gummy vitamins in 2023.
- Time-release vitamin B 12% segment penetration.
- Liquid vitamins 9% market share, favored for absorption.
- Probiotic-vitamin blends 16% of gut health supplements.
- Topical vitamin E skincare 35% of vitamin E applications.
- Single-nutrient vitamin D3 75% of vitamin D sales.
- Kids' immune gummies with zinc+vC 20% category leader.
- Sports vitamin packs 11% of performance nutrition.
- Personalized vitamin kits 5% but 50% growth rate.
- Powdered vitamin mixes 7% of on-the-go formats.
- Pet multivitamins 25% chews vs 75% powders globally.
- Beauty-from-within biotin+vitamins 40% hair/skin/nails.
- 3D-printed personalized vitamins emerging at 2% share.
- NAD+ booster vitamins 4% anti-aging segment.
- Electrolyte-vitamin drinks 18% hydration market.
Product Segmentation Interpretation
Regulatory & Safety
- FDA issued 150 warning letters to vitamin firms in 2023 for label claims.
- EU banned 12 synthetic vitamin forms under Novel Foods Reg in 2023.
- 25% of tested vitamins exceeded USP potency limits by 10% or more.
- Australia TGA recalled 45 vitamin products for heavy metal contamination in 2023.
- China CFDA approved 200 new vitamin formulations in 2023.
- USP verified only 32% of popular vitamin brands in 2023 testing.
- Canada Health recalled 18 vitamins for undeclared allergens.
- WHO reported 1.2 million vitamin overdose cases globally in 2022.
- FTC fined 5 companies USD 10 million for false immunity claims on vitamins.
- Brazil ANVISA tested 300 vitamins, 15% failed purity standards.
- 8% of vitamins contained lead above 0.5 mcg per serving per CA Prop 65.
- EFSA reviewed vitamin D upper limits, set at 100 mcg/day for adults.
- India FSSAI banned 20 imported vitamins for mislabeling.
- NSF certified 1,200 vitamin products for sport in 2023.
- UK MHRA seized 50,000 units of illegal vitamin imports.
- Japan MHLW mandated vitamin K2 labeling for newborns.
- Mexico COFEPRIS fined 30 firms for exaggerated claims.
- 22 infant vitamins recalled for choking hazard in capsules.
- EU GMP compliance only 65% for vitamin manufacturers audited.
- Vitamin A hypervitaminosis cases up 15% linked to cod liver oil.
- South Korea MFDS approved liposomal vitamins as functional foods.
- U.S. 45 class action lawsuits against vitamin potency claims in 2023.
- Russia Rosstandart certified 150 new vitamin exports.
- 17% vitamins failed dissolution tests per USP <2040>.
- Global harmonized vitamin monograph updates by ICH in 2023.
Regulatory & Safety Interpretation
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