Vitamin A Producers and Vitamin A Market Trend
Vitamin A is a fat-soluble vitamin, also known as retinol or anti-dry eye factor. Vitamin A is essential for the maintenance of normal visual function, the maintenance of normal bone growth and development, and the promotion of growth and reproduction. Vitamin A can be extracted from animal tissues. However the animal tissues resources are scattered and the production costs are high, so currently vitamin A is mainly synthesized. There are two main processes for the industrial production of vitamin A: the Roche (C14+C6) synthesis process and the BASF (C15+C5) synthesis process.
The global vitamin A market size was 25,700 tons in 2017, growing to 32,300 tons in 2022, with a CAGR of 4.7% from 2017 to 2022. The global vitamin A market size is expected to grow to 40,000 tons in 2027, with a CAGR of 4.4% from 2022 to 2027.
Due to strict environmental policy in China, the smaller vitamin A producers are being eliminated. Now the global production capacity is concentrated in the six suppliers: Zhejiang NHU, DSM, BASF, Zhejiang Medicine, Bluestar Adisseo and Kingdomway.
In the vitamin A industry chain, β-violanthone which is made from citral is the key raw material, and vitamin A can be widely used in the feed, pharmaceutical, and food industries.
