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Vitamins: a market to be tracked

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by Vaishnavi Loganathan , Senior Research Analyst, API and Biologics
21 February 2018

Abstract 

The vitamins market has seen some major changes between 2015 and 2016. Prices of certain vitamins have fluctuated constantly in the past year due to various regulatory and commercial reasons. Several companies were forced to shift/halt production due to environmental issues and several others have raised their price due to increase in labor charges or both. 

As China is the major supply base for vitamins, any developments in China impact the global market. The stringent environmental regulations put into force in 2015, made it difficult for many manufacturers to continue production, thus causing supply shortges and reflecting on increased prices for many vitamins used in the pharmceutical industry and others. However, many big manufacturers, such as DSM, BSF and Nenter, have also expanded/invested in capacities, given the growing global demand and thus moderating the supply constraints currently persisting in the market. 

This whitepaper will discuss the market dynamics in the vitamins category and present some of the major events impacting price development and supply. 

 

Introduction 

Vitamins, such as vitamin B1, B6, C and E, have had prolonged usage in pharma, food and feed industry for many years. There are several companies in the market that manufacture vitamin API for the manufacture of pharmaceutical formulation. Companies such as DSM, BASF, Zhejiang Garden Bio-chemical, Zhejiang Medicine and Yifan Xinfu are some of the major vitamin API manufacturers in the industry. Companies such as Amway, Pfizer, DuPont and AIE Pharmaceuticals manufacture vitamin supplements for the growing market. 

The major drivers for the growth in the vitamins industry include aging population and increased investment in active lifestyle among young and middle aged consumers. 

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