CATEGORY

Synthetic Vitamins

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Synthetic Vitamins Industry Benchmarks

Savings Achieved

(in %)

The average annual savings achieved in Synthetic Vitamins category is 1.70%

Payment Terms

(in days)

The industry average payment terms in Synthetic Vitamins category for the current quarter is 60.0 days

Compare your category performance against peers and industry benchmarks across 20+ parameters on Beroe LiVE.Ai™

Category Strategy and Flexibility

Engagement Model

Supply Assurance

Sourcing Process

Supplier Type

Pricing Model

Contract Length

SLAs/KPIs

Lead Time

Supplier Diversity

Targeted Savings

Risk Mitigation

Financial Risk

Sanctions

AMEs

Geopolitical Risk

Cost Optimization

Price per Unit Competitiveness

Specification Leanness

Minimum Order Quality

Payment Terms

Inventory Control

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    Synthetic Vitamins Suppliers

    725
    Total Suppliers
    30
    Diverse Suppliers
    78
    Normalized Supplier Rating
    Synthetic Vitamins Supplier

    Find the right-fit synthetic vitamins supplier for your specific business needs and filter by location, industry, category, revenue, certifications, and more on Beroe LiVE.Ai™.

    Sample Supplier
    Company
    CARGILL INCORPORATED
    Location
    Jackson, Mississipi
    Duns number
    3862211
    D&B SER Rating
    dnb logo

    Up to 3 months

    1 9
    5
    Low Risk High Risk

    The Supplier Evaluation Risk (SER) Rating is Dun & Bradstreet’s proprietary scoring system used to assess the probability that a business will seek relief from creditors or cease operations within the next 12 months. SER ratings range from 1 to 9, with 9 indicating the highest risk of failure. We’ve prepared an infographic to help business owners better understand what influences their SER Rating.

    Moody`s ESG Solution
    ESG Profile
    Company and Sector Performance
    29
    100
    Weak (1)
    ESG Perfomance (/100)
    Environment
    38
    Social
    28
    Governance
    19
    6 Domains Performance (/100)
    Business behaviour
    38
    Human rights
    24
    Community Environment
    26
    Corporate governance
    9
    Human resources
    21
    Security Scorecard
    82
    Threat indicators
    B
    88
    Network Security
    Detecting insecure network settings
    A
    100
    Hacker Chatter
    Monitoring hacker sites for chatter about your company
    C
    77
    DNS Health
    Detecting DNS insecure configuration and vulnerabilities
    C
    75
    Application Security
    Detecting common website application vulnerbilities
    C
    74
    Endpoint Security
    Detecting unprotected enpoints or entry points of user tools, such as desktops, laptops mobile devices, and virtual desktops
    A
    97
    Cubic Score
    Proprietary algorithms checking for implementation of common security best practices
    A
    93
    Patching Cadence
    Out of date company assets which may contain vulnerabilities of risk
    A
    100
    Social Engineering
    Measuring company awareness to a social engineering or phising attack
    A
    95
    IP Reputation
    Detecting suspecious activity, such as malware or spam, within your company network
    A
    100
    Information Leak
    Potentially confidential company information which may have been inadvertently leaked
    Industry Comparison
    cargill.com
    Industry average
    Adverse Media Appearances
    Environmental Issues
    23
    Workforce Health Safety Issues
    0
    Product Service Issues
    14
    Human Rights Issues
    23
    Production Supply Chain Issues
    8
    Environmental Non Compliance Flags
    45
    Corruption Issues
    0
    Regulatory Non Compliance Flags
    25
    Fraud Issues
    5
    Labor Health Safety Flags
    48
    Regulatory Issues
    20
    Workforce Disputes
    6
    Sanctions
    0
    esg energy transition
    47
    Discrimination Workforce Rights Issues
    19
    esg controversies critical severity
    Yes

    Synthetic Vitamins market report transcript

    Synthetic Vitamins Global Market Outlook

    • Vitamin growth figures in 2020/2021 is forecasted to be higher compared to 2019/2020, due to the impact by COVID-19

    • Majority of the vitamins are manufactured in synthetic form, as they are cost efficient and yield higher

    • The global vitamin figures are estimated to be at 364.4 Thd MT in 2019/2020. China is the top producer, which has surplus export volume. The US, EU and India, even though they produce relative volume, they are not major exporters, due to internal demand

    Impact of COVID-19 on Synthetic Vitamins Industry

    • Prices of vitamins traded higher due to COVID-19. Production of these derivatives was also hampered, as many manufacturing units faced raw material supply disruptions and shipment delays. However, prices are expected to witness a slight increase, owing to slow demand rise

    • Although major suppliers, like China and the US, have not announced any lockdowns, countries such as India and EU are expected to be ideal, supporting sourcing destinations, due to sustainability issues in the future.

    • Major suppliers in the US and Europe are facing challenges, owing to supply chain disruption and labor shortage. Suppliers in Asia are comparatively better placed, due to relaxed lockdown restrictions.

    Porter’s Five Forces Analysis on Synthetic Vitamins Industry

    The suppliers have better negotiation power, as they are fragmented players for most of the vitamins and volumes are at risk due to increased demand. The intensity of rivalry is medium to high in the vitamin industry, based on the type of vitamin and their grades.

    Supplier Power

    • The suppliers have higher negotiation power than buyers, as the market supply is tight and demand is high

    • The suppliers are fragmented and volumes are smaller from each buyer

    Barriers to New Entrants

    • Vitamin factories require technology, capital and equipment. History of presence is well noted here and hence, the barriers to new entrants are high

    Intensity of Rivalry

    • Vitamin is mainly used in human consumption and animal feed. The supply of vitamin is generally stable. However, trends and political terms might influence the prices

    • The rivalry in the vitamin industry is low to medium, as there are no alternate substitutes

    Threat of Substitutes

    • Vitamins are essential to human and animal health and cannot be replaced by anything else

    • There is no threat for vitamins in the near future

    Buyer Power

    • The buyers of vitamins are the food, pharmaceutical companies, and animal feed companies

    • All these three categories have been hugely impacted by COVID-19 and has seen increased production

    • This has led to increase in demand for vitamin based products