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Vitamins, also known as vitamins, are a type of low molecular weight organic compound necessary for maintaining physical health. They need to be obtained through diet and other means, and play an extremely important role in the metabolism, growth, development, and health of human and animal bodies. There are many types of vitamins, and if a certain vitamin is lacking for a long time, it can easily cause physiological disorders and lead to certain diseases. According to their physical properties, vitamins can be divided into two categories: water-soluble vitamins and fat soluble vitamins. Fat soluble vitamins mainly exist in food, such as animal organs, egg yolks, milk, etc. Water soluble vitamins are mainly found in vegetables, fruits, and grains.
With the development of the economy and the improvement of people's living standards, people pay more attention to balanced nutrition and healthy diet, which has driven the continuous growth of demand in the vitamin market. Especially for special populations such as the elderly, children, and pregnant women, their demand for vitamins is more vigorous. From a global market perspective, the global vitamin market has shown an overall growth trend in recent years. In 2022, the global vitamin market size was approximately 15.684 billion US dollars, a year-on-year increase of 11.13%.
After years of development, China's vitamin industry has become an important global production and consumption market. Data shows that from 2019 to 2023, the domestic vitamin market will maintain stable growth, increasing from 3.5 billion US dollars to approximately 4.09 billion US dollars, with a CAGR of 3.97%. With the rapid development of downstream industries such as feed, food, and medicine, the market space for vitamins will further expand.