Vitamin Tonics Market by Products (Syrup, Capsules, Tablets, and Multivitamin injections), Distribution channels (Hospitals Clinics, Retail Pharmacies, Drug Stores, E-commerce, Public Hospitals, and Private Clinics), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
The global vitamin tonics market size is anticipated to expand at a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the high prevalence of diseases related to vitamin deficiency.
Vitamins are critical ingredients that stimulate the immune system of a body, which causes both adaptive immune and innate responses functions. They are the essential components for the development of body along with proper functioning of the body.
There are various categories of vitamins that are vital for different functions. They are vitamin A, B, D, C, E, K, and Choline. The B vitamins are riboflavin, thiamin, pantothenic acid, niacin, biotin, vitamin B12, vitamin B6, and folic acid. Vitamin tonics are used for the treatment of various deficiency as well as prevention of deficiency.
Some of the most common diseases that are associated with the vitamin deficiency are osteomalacia, rickets, anemia, and angular stomatitis. The treatment of these deficiencies are offered in the form of liquids, syrup semisolid, tablets, pills, capsules, and multivitamin injections. Vitamin tonics are highly utilized by customers due to its acceptance among children and higher patient compliance. These are available over the counter without the prescription of the doctor. In general, physicians recommend vitamin tonics in case of vitamin deficiency.
The demand for these products are increasing due to the lack to access to healthy foods or supplements of a large number of the population around the world. Most of the people use vitamins to compensate for the lack of intake of the proper nutritional diet as well as less physical activities by taking daily dose of vitamin tonics. Hence, the world market for the vitamin tonics is propelling to grow at a considerable rate.
The COVID-19 pandemic outbreak has boosted the market as the demand for vitamin supplements witnessed tremendous spike in the COVID-19 outbreak as the use of vitamin is considered to be helping in strengthening immune system that results in the prevention of COVID-19 as well as aids in the treatment. Several research studies suggested that the use of vitamins helps the COVID-19 patients to fight the virus.
Market Trends, Drivers, Restraints, and Opportunities
- Rising awareness in the population regarding the use and benefits of vitamin tonics drugs are expected to push the market growth during the projected period.
- Several government initiatives encouraging the use of supplements for the treatment of vitamin deficient child and poor population is proved to be a key driver of the market growth.
- Easy availability and ease of use of vitamin products including drugs is a major factor boosting the market expansion.
- Rising demand for vitamin supplements among growing geriatric population is also a key factor that can drive the market expansion.
- High prevalence of vitamin deficiency cases around the world as well as high awareness of the people regarding the use of vitamin tonics are likely to offer huge opportunities for market expansion during the forecast period.
Scope of Vitamin Tonics Market Report
The report on the global vitamin tonics market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
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Attributes |
Details |
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Report Title |
Vitamin Tonics Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast |
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Base Year |
2020 |
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Historic Data |
2018–2019 |
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Forecast Period |
2021–2028 |
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Segmentation |
Products (Syrup, Capsules, Tablets, and Multivitamin injections), Distribution channels (Hospitals Clinics, Retail Pharmacies, Drug Stores, E-commerce, Public Hospitals, and Private Clinics) |
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Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
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Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
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Key Players Covered in the Report |
Seven Seas; Sapiens Pharmaceuticals Ltd.; Amway; Abbott Laboratories; Albert David Ltd.; Vitabiotics Ltd.; Vitane Pharmaceuticals Inc.; Fitzroy International Ltd.; Lloyds Pharmacy; Cerebos Ltd; Scotch Industrial Thailand Co. Ltd; Tonic Vitamins; New GPC Inc.; and Raptakos Brett Co. Ltd. |
Vitamin Tonics Market Segment Insights
Tablets segment is expected to grow at a rapid pace
Based on products, the global vitamin tonics market is divided into syrup, capsules, tablets, and multivitamin injections. The tablets segment is expected to grow at a rapid pace during the projected period owing to the high demand as well as easy availability of tablet drugs in the market. The tablets of vitamin C has witnessed tremendous sale during the pandemic and are majorly available in solid dosage form of vitamins.
Meanwhile, the syrups and capsules segments are projected to exhibit robust growth during the forecast period owing to wide demand of these products in the market. The syrups is a liquid form of medication and are mostly preferred by children. The capsules consist of solid gelatin shell with the active ingredients in the shell.
Retail pharmacies & drug stores segment is projected to expand at a considerable CAGR
On the basis of distribution channels, the market is segmented into public hospitals, hospitals clinics, retail pharmacies, drug stores, e-commerce, and private clinics. The retail pharmacies & drug stores segment is projected to expand at a considerable CAGR during the forecast period owing to wide number of the patients as well as rising prescriptions of vitamin deficiency diseases around the world, which benefits the segment.
The e-commerce segment, on the other hand, is anticipated to exhibit lucrative growth in the near future as the pandemic has boosted the online buying and selling of goods including vitamin supplements. The emergence of online pharmacies is propelling the segment growth.
North America is anticipated to constitute a key market share
In terms of regions, the global vitamin tonics market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is anticipated to constitute a key market share during the projected period owing to the high awareness of vitamin deficiency and benefits regarding the use of vitamin products of a large number of the population in the region. Additionally, the presence of highly skilled healthcare professionals and early adoption of diagnostic for vitamin deficiency are pushing the market growth in the region.
The Asia Pacific market, however, is expected to grow at substantial rate as a vast number of the high population of middle class families in the region are in need for vitamin supplements due to rising cases of vitamin deficiency. Various government initiatives to reduce the vitamin deficiency of the population in the region is bolstering the regional market position in the near future.
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vitamin Tonics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vitamin Tonics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vitamin Tonics Market - Supply Chain
4.5. Global Vitamin Tonics Market Forecast
4.5.1. Vitamin Tonics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vitamin Tonics Market Size (000’ Units) and Y-o-Y Growth
4.5.3. Vitamin Tonics Market Absolute $ Opportunity
5. Global Vitamin Tonics Market Analysis and Forecast by Region
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Region
5.2.2. Y-o-Y Growth Projections by Region
5.3. Vitamin Tonics Market Size and Volume Forecast by Region
5.3.1. North America
5.3.2. Latin America
5.3.3. Europe
5.3.4. Asia Pacific
5.3.5. Middle East and Africa (MEA)
5.4. Absolute $ Opportunity Assessment by Region
5.5. Market Attractiveness/Growth Potential Analysis by Region
5.6. Global Vitamin Tonics Demand Share Forecast, 2019-2026
6. North America Vitamin Tonics Market Analysis and Forecast
6.1. Introduction
6.1.1. Basis Point Share (BPS) Analysis by Country
6.1.2. Y-o-Y Growth Projections by Country
6.2. North America Vitamin Tonics Market Size and Volume Forecast by Country
6.2.1. U.S.
6.2.2. Canada
6.3. Absolute $ Opportunity Assessment by Country
6.4. Market Attractiveness/Growth Potential Analysis
6.4.1. By Country
6.4.2. By Product Type
6.4.3. By Application
6.5. North America Vitamin Tonics Demand Share Forecast, 2019-2026
7. Latin America Vitamin Tonics Market Analysis and Forecast
7.1. Introduction
7.1.1. Basis Point Share (BPS) Analysis by Country
7.1.2. Y-o-Y Growth Projections by Country
7.1.3. Latin America Average Pricing Analysis
7.2. Latin America Vitamin Tonics Market Size and Volume Forecast by Country
7.2.1. Brazil
7.2.2. Mexico
7.2.3. Rest of Latin America
7.3. Absolute $ Opportunity Assessment by Country
7.4. Market Attractiveness/Growth Potential Analysis
7.4.1. By Country
7.4.2. By Product Type
7.4.3. By Application
7.5. Latin America Vitamin Tonics Demand Share Forecast, 2019-2026
8. Europe Vitamin Tonics Market Analysis and Forecast
8.1. Introduction
8.1.1. Basis Point Share (BPS) Analysis by Country
8.1.2. Y-o-Y Growth Projections by Country
8.1.3. Europe Average Pricing Analysis
8.2. Europe Vitamin Tonics Market Size and Volume Forecast by Country
8.2.1. Germany
8.2.2. France
8.2.3. Italy
8.2.4. U.K.
8.2.5. Spain
8.2.6. Russia
8.2.7. Rest of Europe
8.3. Absolute $ Opportunity Assessment by Country
8.4. Market Attractiveness/Growth Potential Analysis
8.4.1. By Country
8.4.2. By Product Type
8.4.3. By Application
8.5. Europe Vitamin Tonics Demand Share Forecast, 2019-2026
9. Asia Pacific Vitamin Tonics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.1.3. Asia Pacific Average Pricing Analysis
9.2. Asia Pacific Vitamin Tonics Market Size and Volume Forecast by Country
9.2.1. China
9.2.2. Japan
9.2.3. South Korea
9.2.4. India
9.2.5. Australia
9.2.6. Rest of Asia Pacific (APAC)
9.3. Absolute $ Opportunity Assessment by Country
9.4. Market Attractiveness/Growth Potential Analysis
9.4.1. By Country
9.4.2. By Product Type
9.4.3. By Application
9.5. Asia Pacific Vitamin Tonics Demand Share Forecast, 2019-2026
10. Middle East & Africa Vitamin Tonics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Middle East & Africa Average Pricing Analysis
10.2. Middle East & Africa Vitamin Tonics Market Size and Volume Forecast by Country
10.2.1. Saudi Arabia
10.2.2. South Africa
10.2.3. UAE
10.2.4. Rest of Middle East & Africa (MEA)
10.3. Absolute $ Opportunity Assessment by Country
10.4. Market Attractiveness/Growth Potential Analysis
10.4.1. By Country
10.4.2. By Product Type
10.4.3. By Application
10.5. Middle East & Africa Vitamin Tonics Demand Share Forecast, 2019-2026
11. Competition Landscape
11.1. Global Vitamin Tonics Market: Market Share Analysis
11.2. Vitamin Tonics Distributors and Customers
11.3. Vitamin Tonics Market: Competitive Dashboard
11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)