Global Vitamin Prices to remain buoyant until the end of Q1 2022

Vitamins are considered essential nutrients as they perform a plethora of functions in the body, and their unabated demand amongst health-conscious consumers around the globe has resulted in the increased production of nutraceutical products. An amalgam of Vitamins helps to shore up bones, heal wounds, and bolster the immune system. They are also proven to be extremely beneficial in repairing cellular damage and boosting cardiovascular health. Apart from being micronutrients, failing to take even a small quantity of vitamins virtually guarantees several health problems and diseases. Some of the examples of diseases include scurvy: lack of Vitamin C; blindness: from vitamin A deficiency; and Rickets: A deficiency in vitamin D.

The unprecedented outbreak of Covid-19 has led to a dramatic loss to human life around the world, meanwhile presenting an eye-popping challenge to the health sector. The coronavirus pandemic has kindled the demand for vitamins and dietary supplements in all regions across the globe. According to a study, most people started the use of supplements to strengthen their immunity as it does not prevent Covid. However, it was observed that the intake of vitamin C, D, and Zinc supplements could be favourable for people diagnosed with nutritional deficiencies.

In the United States, 57.6% of adults utilize vitamin supplements from age 20 and over. In Mainland China, over 300 million people consume dietary supplements, which makes it the second-biggest market after the US. Established in 1998, China Vitamins, LLC, as a partner of Zhejiang NHU Co., Ltd., is the major provider of bulk vitamins in North America that support premix and animal feed production.

As per ChemAnalyst, the prices of Vitamins are expected to remain buoyant around the world until the end of Q1 as the demand has been stabilized on the back of enough supplies in the global market. China is amongst the biggest manufacturers and consumers of vitamin and dietary supplements (VDS) in the world. The export of vitamins from China ahead of the Spring Festival holidays and Beijing Winter Olympics resulted in sufficient inventories in offshore markets, which is still catering to the overall downstream demand.