The factors that are playing a major role in the growth of market are the rising demand from end-users for growth and development and the rising use to maintain the immune system and good vision.
(businesspress24) - Global vitamin and provitamin market is expected to grow at a significant CAGR in the upcoming period as the scope and its applications are rising enormously across the globe. A provitamin also termed as previtamin, is a substance that may be converted into a vitamin within the body. The provitamin B5 may be converted in the body to vitamin B5 (pantothenic acid). Beta-carotene is a provitamin composed of two retinyl groups. It is broken down in the mucosa of the small intestine by beta-carotene dioxygenase to retinal, a form of vitamin A.
The factors that are playing a major role in the growth of market are the rising demand from end-users for growth and development and the rising use to maintain the immune system and good vision. However, excessive use may have an adverse effect on health may restrain overall market growth in the years to come. Vitamin and provitamin market is segmented based on vitamin type, provitamin type, and region.
Vitamin E, vitamin C, vitamin B12, vitamin B6, D- /DL-pantothenic acid (vitamin B3/vitamin B5), vitamin B2, vitamin B1, vitamin A, and other product types could be explored in vitamin and provitamin industry in the forecast period. Vitamin E accounted for the substantial market share of vitamin and provitamin and is estimated to lead the overall market in the years to come. Provitamin D3 (7-dehydrocholesterol), provitamin D2 (ergosterol), and other provitamin types could be explored in vitamin and provitamin in the forecast period.
Globally, Asia Pacific accounted for the substantial market share of vitamin and provitamin and is estimated to lead the overall market in the years to come. The reason behind the overall market growth could be the presence of key manufacturers in the region and the growing demand from the end-users. The developing countries like India, China, and Japan are the major consumers of vitamin and provitamin in this region.
Europe and North America are also estimated to have a positive influence on future growth. North America is the second largest region with significant market share. The United States is a major consumer of vitamin and provitamin in this region. However, Europe is estimated to grow at the highest CAGR in the forecast period. Also, the strongest annual growth may take place in Slovakia, Slovenia, Panama, Belgium, and the Netherlands in the forecast period.
The key players of vitamin and provitamin market are Nestmann Pharma Gmbh, Salzh
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Date: 11/06/2019 - 10:25
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