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Follow on Google News | Global Vitamin Supplements Market is Expected to Achieve $53,885.3 Million Value by 2020By: P&S Market Research 
P&S Market Research Global Industry Insight: Vitamin Supplements Market Development and Demand Forecast to 2020 Explore detailed TOC and Scope of the report: https://www.psmarketresearch.com/ According to the new research publication from P&S Market Research, the key insights from the research report include: The vitamin supplements market is driven by growing elderly population, especially in the Asia-Pacific region. Vitamin supplements market is expected to witness highest growth in personal care sector. Asia-Pacific is likely to dominate the market in the forecasted period owing to increasing aging population. India and China are expected to generate significant demand for vitamin supplements during 2014 - 2020. Global vitamin supplements market is increasing mainly attributed to growing consciousness among consumer about preventative healthcare. Healthcare spend is increasing with the increasing research and development (R&D) expenditure. Due to the increasing cost of healthcare, people are turning towards supplement products, including vitamin supplements, for a healthy life. According to European Federation of Pharmaceutical Industries and Associations (EFPIA) member associations, European pharmaceutical R&D expenditure increased from $37,030 million in 2011 to $38,055 million in 2012. In the U.S., the expenditure increased from $36,374 million in 2011 to $36,810 million in 2012. Asia-Pacific holds a major market share in vitamin supplements followed by North America and Europe. Asia-Pacific is expected to dominate the market in the forecast period owing to increasing geriatric population. With increasing educational level coupled with increasing vitamin supplements product visibility, the consumer awareness regarding vitamin supplements is increasing. Additionally, various source of information showing the positive and negative effects of vitamin supplements is helping consumers in decision making for choosing appropriate form of vitamin supplements. Also, knowledge of diseases caused due to vitamin deficiency is propelling the consumer to shift to vitamin supplements in their busy lifestyle. Deficiency of vitamin in body at older age increases the risk of diseases such as night blindness, diminishing eyesight, fragile bones and mental disorders. This requires more nutrient rich food at older age. It is important to maintain balance of nutrients including vitamin to keep the body functioning properly. This deficiency can be fulfilled by consuming additional supplement products. Vitamin supplement is one among the majorly consumed supplements products at later age. People aged 65 years and above are not much exposed to sun, one of the major source of vitamin D. Increasing expenditure on research and development conducted by healthcare industry is expected to increase the overall healthcare cost in the global market. Due to the increasing cost of healthcare, people are turning towards supplements products including vitamin supplements, as it provides various health benefits such as proper functioning of immune system (vitamin C), strengthening to bone and joints (vitamin D), improving vision power (vitamin A) and various other benefits. The vitamin supplements market is highly fragmented with large number of multinational and regional players operating in the market, who distribute their products locally as well as internationally. Vitamin Supplements market segmentation Vitamin Supplements market by end-user Adult women Adult men Elderly citizen Others Vitamin Supplements market by application: Food and Beverage Healthcare Personal Care Geographical Segmentation Vitamin Supplements market by region: North America The U.S. Others Europe Germany France Italy U.K. Spain Asia-Pacific India China Japan Australia Rest of the World (ROW) About Us P&S Market Research is a global market research and consulting company. We provide market research reports, industry reports; business intelligence and research based consulting services across a range of industries. With the help of our professional corporate relations with various companies, our market research offers the most accurate market forecasting. Our analysts and consultants interact with leading companies of the concerned domain to substantiate every single data presented in our publication. Our research assists our client in identifying new and different windows of opportunity and frame informed and customized strategies for expansion in different regions. Contact: Ms Somya 347, 5th Ave. #1402 New York City, NY - 10016 Email: enquiry@psmarketresearch.com US/ Canada Toll-Free: 1-888-778-7886 Web: https://www.psmarketresearch.com End
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