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Retinol (Vitamin A) Market By Product Type (Natural, Synthetic, Retinol (Vitamin A)) By End Use (Animal Feed, Fortified Food, Pharmaceuticals, Cosmetic, Products) - Growth, Future Prospects & Competitive Analysis, 2016 – 2028

What are the Global Key Diseases of Retinol (Vitamin A)?

The global consumption of Retinol (Vitamin A) increased among children to avoid the diseases like Measles. Measles killed more than 207,500 people worldwide in 2021, mostly young children in low-income countries. To prevent morbidity and mortality, including from measles, the World Health Organization recommends large oral doses of vitamin A for children living in areas with a high prevalence of vitamin A deficiency. Vitamin A doses of 30,000 mcg RAE (100,000 IU) once a month for infants aged 6-11 months and 60,000 mcg RAE (200,000 IU) every 4-6 months for children aged 1-5 years are recommended. In 2019, 11,200 measles deaths were linked to vitamin A deficiency, with Sub-Saharan Africa and South Asia accounting for more than 95 percent of these deaths. Retinol is added to animal feed in small amounts to help with overall growth, well-being, and performance. Ruminants require a variety of vitamins as they become more productive. As a result, livestock farmers frequently use feed additives such as vitamin A to boost the antioxidant capacities of the animals and prevent economic losses.

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What is the Market Size of Retinol (Vitamin A) in terms of value?

Global Retinol (Vitamin A) Market is projected to increase at a significant CAGR of 6.80% in the coming years. In 2021, the global Retinol (Vitamin A) market was valued at USD 6294.8 Million and is projected to reach the value of USD 9341.34 million by 2028. The demand for Retinol (Vitamin A) is projected to increase substantially in the coming years and is presumed to generate revenue opportunities for the key industry players worth USD 3046.54 million during the forecast period between 2022 and 2028.

What is the Price Trend for Retinol (Vitamin A)?

The price of Retinol (Vitamin A) has increased immensely in the last five years, starting from approximately USD 0.5 per kg; it reached USD 30 per kg in November 2021. This is majorly due to limited supply and huge demand for Retinol (Vitamin A) across the globe. Vitamin A is a necessary nutrient because it promotes bone formation, wound healing, and immune system strength. In addition, they convert food into energy and repair cell damage. Vitamin A is a class of versatile nutritional organic compounds that includes retinol, retinal, retinoic acid, and several provitamin A carotenoids, all of which are necessary for growth and development, immune system function, and good vision. Retinol is necessary for good vision, especially at night, and overall eye health. Age-related macular degeneration is the most common cause of vision loss in the elderly. 

Interesting Facts about Retinol (Vitamin A) Industry

  • The top 5 countries for Retinol (Vitamin A) exports are China, Japan, The U.S., Germany and France.
  • The top 5 importers of Retinol (Vitamin A) are India, Brazil, Mexico, Russia and Chile.
  • Vitamin A market growth is expected to be driven by rising demand for anti-aging skincare creams. Vitamin A contains retinoic acid, which activates and converts immature skin cells and genes into mature epidermal cells, which helps the human body maintain good skin health; others are the factors driving the market's growth.
  • The rising number of health problems caused by excessive vitamin A consumption is reducing product demand. Vitamin A is essential for maintaining a healthy immune system, normal vision, and the reproduction process. It also aids in properly functioning organs such as the lungs, heart, and kidneys. However, too much vitamin A can be harmful to the human body in various ways to hinder the growth of the Retinol (Vitamin A) market over the forecast period. 
  • Asia Pacific region had a major share in terms of volume and value in the global Retinol (Vitamin A) market in 2021 and is projected to continue its dominance over the forecast period.
  • Natural Retinol (Vitamin A) to witness high growth during the forecast period due to increased fortified food products among consumers across the globe.

Who are the Top 10 players/companies in the Retinol (Vitamin A) market in terms of value?

The key players in the global Retinol (Vitamin A) market in terms of value and volume include Adisseo, Cooper, Vision Ion Labs Inc., Bausch and Lomb Incorporated, Riken Vitamin Co. Ltd., BASF SE, Seidler Chemical Co Inc, DSM, Seidler Chemical Co Inc., Sigma-Aldrich, Zhejiang NHU Co. Ltd.. These key players are concentrating on new product developments as well as technological innovation to enhance their production of Retinol (Vitamin A) to gain competitive market share at a global level. Moreover, some regional and country-level players are investing heavily to expand their product portfolio and enhance their sales. For instance, in January 2021, DSM named Lake Chemicals and Minerals as its exclusive distributor for minerals, carotenoids, nutritional lipids, nutraceuticals, specialty products, and antioxidants. The products will be used in the Republic of Ireland's food, nutrition, and supplement industries. This strategy will assist the company in increasing its market share and reach throughout the country.

Who are the Top 10 Countries in the Retinol (Vitamin A) Market?

In the global Retinol (Vitamin A) market, the major countries are China, Japan, The U.S., Germany, France, Mexico, Argentina, Netherlands, India, and Australia. China is growing at the fastest rate. The rise in economic standards, aided by rapid urbanization, has shifted consumer focus toward a healthy diet, which is another factor that could drive the market. In addition, the region's aging population and low birth rate also drive the dietary supplements market. 

Which is the Key End-user Area in the Retinol (Vitamin A) Market?

The key applications of Retinol (Vitamin A) include Animal Feed, Pharmaceuticals, Fortified Food and Cosmetic Products. Over the last decade, there has been a significant shift in people's lifestyles and dietary habits. This shift was driven by urbanization and consumer awareness, which resulted in a rapid increase in the consumption of artificial and synthetic food products, increasing the incidence of lifestyle diseases. People are becoming more aware of these diseases and moving toward functional foods and beverages. These fortified foods provide optimal nutrition while lowering the risk of disease. Various government initiatives are being implemented to increase the consumption of fortified foods and beverages, particularly in developing countries such as China and India. The increased use of fortified foods and supplements is a result of changing consumer behavior and eating habits, which will benefit the natural vitamin supply.

Vitamin A is a fat-soluble and essential micronutrient that improves the function of the human and animal bodies' lungs, eyes, and skin. Its consumption helps to prevent growth disorders and promotes skeletal development. Vitamin A acetate is primarily used in the production of dry livestock feed. Palmitate and propionate esters are widely used in the manufacture of liquid feeds.

What are the Major Driving Factors for Retinol (Vitamin A) Market?

The vitamin A market is expanding due to the expansion and emergence of the food and beverage sector. Furthermore, factors such as an increase in the geriatric population, healthcare expenditure, the incidence of ophthalmic diseases, and healthcare awareness drive market growth. Vitamin A market growth is expected to be driven by rising demand for anti-aging skincare creams. Vitamin A helps the human body maintain good skin health by containing retinoic acid, which activates and converts immature skin cells and genes into mature epidermal cells. Rising anti-aging skincare creams demand are expected to drive vitamin A market growth. Vitamin A helps the human body maintain good skin health by containing retinoic acid, which activates and converts immature skin cells and genes into mature epidermal cells.

What are the Major Restraints for Retinol (Vitamin A) Market?

The key restraint of the global Retinol (Vitamin A) market, which is projected to hamper the market growth, includes The rising number of health problems caused by excessive vitamin A consumption is reducing product demand. Vitamin A is essential for maintaining a healthy immune system, normal vision, and the reproduction process. It also aids in properly functioning organs such as the lungs, heart, and kidneys. However, too much vitamin A can be harmful to the human body in a variety of ways.

Excessive vitamin A consumption can cause nausea, dizziness, headaches, and coma. Furthermore, taking too many vitamin A supplements can cause toxicity and hypervitaminosis A. Furthermore, excessive Vitamin A consumption by pregnant women can result in birth defects.

Which Region Dominated the World Retinol (Vitamin A) Market?

In 2021, Asia-Pacific experienced healthy growth. The market is being driven by factors such as improved living standards and extensive consumer education about the consumption of health supplements infused with micronutrients such as vitamins, minerals, and so on. Furthermore, the rise in economic standards, aided by rapid urbanization, has shifted consumer focus toward a healthy diet, which is another factor that could drive the market. In addition, the region's aging population and low birth rate drive the dietary supplements market. Furthermore, the rising prevalence of photoreceptor pigment disorder and the region's expanding pharmaceutical industry will drive market demand. In addition, the government has implemented several policies to combat the spread of vitamin A deficiency diseases, such as a lack of rhodopsin, a photoreceptor pigment. 

Segmentation of Global Retinol (Vitamin A) Market-

Global Retinol (Vitamin A) Market – By Product Type

  • Natural
  • Synthetic

Global Retinol (Vitamin A) Market – By End Use

  • Animal Feed
  • Fortified Food
  • Pharmaceuticals
  • Cosmetic Products

Frequently asked questions about the global Retinol (Vitamin A) industry.

Asia Pacific accounted for the highest share in the global Retinol (Vitamin A) market in terms of value as well as volume.

The increased health consciousness among consumers worldwide and growing demand for Retinol (Vitamin A) across different end-use industries are the major factors driving the growth of the market.

Natural Retinol (Vitamin A) had a major share in 2021 with more than 70% of the market revenue share.

Fortified Food had a major share in the global market in 2021 and is projected to continue its dominance over the forecast period.

Retinol (Vitamin A) Market Scope

Report Attribute Details
Market Value in 2021 USD 6294.8 Million
Market Value in 2028 USD 9341.34 million
CAGR 6.80%
Benchmarking Year 2021
Past data 2016 – 2021
Forecast period 2022 – 2028
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Godaddy
Published Date:  Jul 2022
Category:  Biotechnology
Report ID:   59483
Report Format:   PDF
Pages:   180
Rating:    4.8 (69)
Delivery Time: 24 Hours to 48 Hours   
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