World - Medicaments Containing Vitamins And Provitamins - Market Analysis, Forecast, Size, Trends And Insights
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View PricingMedicaments Containing Vitamins Market
The global market for medicaments containing vitamins and provitamins is expected to continue its upward trend, with forecasted growth rates in consumption and value over the next eight years. Germany, China, and the United States are the leading countries in both consumption and production. The trend patterns in consumption, production, imports, and exports show fluctuations but overall indicate a strong market. However, certain countries such as Poland and Hong Kong SAR have shown significant growth in exports and market value. The average prices for imports and exports have seen fluctuations as well, with some countries experiencing notable growth in prices. Overall, the market for medicaments containing vitamins and provitamins is dynamic and continues to show promising growth potential.
Market Forecast
Driven by increasing demand for medicaments containing vitamins and provitamins worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +4.5% for the period from 2022 to 2030, which is projected to bring the market volume to 1.8M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +7.3% for the period from 2022 to 2030, which is projected to bring the market value to $46.3B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Medicaments Containing Vitamins And Provitamins
In 2022, the amount of medicaments containing vitamins and provitamins consumed worldwide shrank slightly to 1.2M tons, with a decrease of -2.6% against 2021 figures. Over the period under review, the total consumption indicated a strong expansion from 2012 to 2022: its volume increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +4.4% against 2020 indices. Over the period under review, global consumption hit record highs at 1.3M tons in 2019; however, from 2020 to 2022, consumption failed to regain momentum.
The global medicaments containing vitamins market value reduced to $26.3B in 2022, waning by -3.7% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate buoyant growth. As a result, consumption reached the peak level of $31.7B. From 2019 to 2022, the growth of the global market failed to regain momentum.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Germany (286K tons), China (187K tons) and the United States (99K tons), with a combined 46% share of global consumption.
From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +21.1%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Germany ($6.7B) led the market, alone. The second position in the ranking was held by Turkey ($3.2B). It was followed by the United States.
In Germany, the medicaments containing vitamins market expanded at an average annual rate of +14.0% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: Turkey (+9.8% per year) and the United States (+7.7% per year).
In 2022, the highest levels of medicaments containing vitamins per capita consumption was registered in Germany (3,444 kg per 1000 persons), followed by Turkey (795 kg per 1000 persons), the UK (478 kg per 1000 persons) and Japan (329 kg per 1000 persons), while the world average per capita consumption of medicaments containing vitamins was estimated at 156 kg per 1000 persons.
In Germany, medicaments containing vitamins per capita consumption expanded at an average annual rate of +20.8% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (+9.1% per year) and the UK (+11.0% per year).
Production
World Production of Medicaments Containing Vitamins And Provitamins
In 2022, the amount of medicaments containing vitamins and provitamins produced worldwide dropped modestly to 1.3M tons, waning by -1.8% on 2021 figures. In general, the total production indicated a buoyant increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +5.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 27% against the previous year. As a result, production attained the peak volume of 1.3M tons; afterwards, it flattened through to 2022.
In value terms, medicaments containing vitamins production reduced to $22.4B in 2022 estimated in export price. Overall, the total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +3.0% against 2020 indices. The growth pace was the most rapid in 2018 when the production volume increased by 42%. As a result, production attained the peak level of $28.5B. From 2019 to 2022, global production growth failed to regain momentum.
Production By Country
The countries with the highest volumes of production in 2022 were Germany (315K tons), China (185K tons) and the United States (116K tons), with a combined 49% share of global production.
From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of +20.5%), while production for the other global leaders experienced more modest paces of growth.
Imports
World Imports of Medicaments Containing Vitamins And Provitamins
In 2022, supplies from abroad of medicaments containing vitamins and provitamins decreased by -7% to 192K tons for the first time since 2016, thus ending a five-year rising trend. The total import volume increased at an average annual rate of +3.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 11% against the previous year. As a result, imports attained the peak of 206K tons, and then shrank in the following year.
In value terms, medicaments containing vitamins imports fell to $4.6B in 2022. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 8.3%. Global imports peaked at $5B in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.
Imports By Country
In 2022, Russia (17K tons), China (13K tons) and the UK (11K tons) was the largest importer of medicaments containing vitamins and provitamins in the world, making up 22% of total import. Germany (7.2K tons), France (6.9K tons), Belgium (6.8K tons), Japan (6.6K tons), Mexico (5.3K tons), Poland (4.3K tons), the Philippines (4.1K tons), Ghana (3.7K tons), the United States (3.6K tons) and the Netherlands (3.5K tons) took a minor share of total imports.
From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +11.3%), while purchases for the other global leaders experienced more modest paces of growth.
In value terms, Russia ($460M), China ($386M) and the United States ($231M) appeared to be the countries with the highest levels of imports in 2022, with a combined 23% share of global imports. Germany, the Philippines, France, the Netherlands, Poland, Belgium, the UK, Mexico, Japan and Ghana lagged somewhat behind, together accounting for a further 19%.
In terms of the main importing countries, Poland, with a CAGR of +8.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average medicaments containing vitamins import price amounted to $23,975 per ton, rising by 1.6% against the previous year. In general, the import price, however, continues to indicate a noticeable downturn. Over the period under review, average import prices hit record highs at $31,618 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United States ($63,795 per ton), while Ghana ($3,729 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+4.2%), while the other global leaders experienced mixed trends in the import price figures.
Exports
World Exports of Medicaments Containing Vitamins And Provitamins
In 2022, shipments abroad of medicaments containing vitamins and provitamins decreased by -1.8% to 222K tons for the first time since 2019, thus ending a two-year rising trend. The total export volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 12%. As a result, the exports attained the peak of 226K tons, and then shrank slightly in the following year.
In value terms, medicaments containing vitamins exports dropped to $4.7B in 2022. Overall, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by 12% against the previous year. Over the period under review, the global exports hit record highs at $5B in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.
Exports By Country
India (37K tons) and Germany (36K tons) were the largest exporters of medicaments containing vitamins and provitamins in 2022, accounting for near 17% and 16% of total exports, respectively. The United States (21K tons) held the next position in the ranking, followed by France (12K tons), China (11K tons) and the Netherlands (11K tons). All these countries together took near 25% share of total exports. The United Arab Emirates (9.6K tons), Canada (8.1K tons), Sweden (6.4K tons), Japan (6.1K tons), Hong Kong SAR (5.9K tons), Australia (5.8K tons) and Hungary (4.1K tons) followed a long way behind the leaders.
From 2012 to 2022, the biggest increases were recorded for Sweden (with a CAGR of +33.0%), while shipments for the other global leaders experienced more modest paces of growth.
In value terms, the largest medicaments containing vitamins supplying countries worldwide were Germany ($587M), the United States ($518M) and India ($265M), with a combined 29% share of global exports. Canada, the United Arab Emirates, France, Australia, the Netherlands, Hong Kong SAR, Sweden, Japan, Hungary and China lagged somewhat behind, together comprising a further 37%.
Hong Kong SAR, with a CAGR of +25.3%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.
Export Prices By Country
In 2022, the average medicaments containing vitamins export price amounted to $21,174 per ton, approximately equating the previous year. In general, the export price continues to indicate a noticeable decrease. The most prominent rate of growth was recorded in 2020 an increase of 2.2% against the previous year. The global export price peaked at $30,333 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Australia ($34,197 per ton), while China ($6,925 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+2.4%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global medicaments containing vitamins market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 21201360 - Medicaments containing vitamins, provitamins, derivatives and intermixtures thereof, for therapeutic or prophylactic uses, put up in measured doses or for retail sale
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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