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Vitamin A Market size is estimated to grow at steady state owing to positive outlook in pharmaceuticals, skin care products and animal feed industry.<br><br>Get more details @ https://goo.gl/V5Si9A
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Vitamin A Market Size, Analysis, Trends and Forecast to 2024 : Global Market Insights Inc. Fuel Cell Market size worth $25.5bn by 2024
Regional Analysis of Vitamin A Market : • North America, driven by Canada and the U.S. vitamin A market size may witness strong growth over the forecast timeframe. Increasing consumer spending on cosmetic and skin care products should drive regional growth. Strong application scope in medical and pharmaceutical industries should drive industry growth. Favorable regulations by FDA may enhance industry growth. • Europe, vitamin A market size, driven by UK, France, Italy, and Germany, may witness significant gains owing to change in lifestyle accompanied by increase in fortified food consumption, thereby driving regional industry growth. Strict regulations to promote consumption of balanced diet by EU community may favour product demand. • Asia Pacific driven by India, South Korea, Japan, and China vitamin A market size may witness significant growth over the foreseeable timeframe. Rise in teenage population and growing awareness for skin treatment cream in China and India can favour regional industry growth. Rise in economic standards supported by rapid urbanization has led to shift in consumer focus towards healthy diets may drive regional industry growth.
Application Analysis of Vitamin A Market : • Rise in disposable income accompanied with consumer inclination towards personal care is likely to drive cosmetic industry growth. Global cosmetic industry is poised to surpass USD 430 billion with gains at over 4.5% by 2024. Vitamin A has strong application in personal care products as it improves epidermal cell hydration, improves blood flow and retains facial glow. It stimulates collagen growth, which in turn arrests aging breakdown and reduces facial fine line. It also reduces melanin growth leading to pigmentation and dark spots due to aging process. Growing awareness regarding personal hygiene and wellbeing along with rising anti-aging skin care products demand should favour industry growth.
Competitive Market Share of Vitamin A Market : • Global vitamin A market share is consolidated. Key companies operating in the market includes DSM, BASF, ABH Pharma, Parchem, Zhejiang and Kingdomway. Most of the companies are expanding their business to enhance their regional presence and product portfolio. For example, BASF expanded its vitamin A production capacity by 1,500 metric tons to meet the global micronutrient demand.
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