Vitamin A Price Trend and Forecast
Get the latest insights on price movement and trend analysis of Vitamin A in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
Vitamin A Price Trend for the Second Half of 2023
Vitamin A prices were observed to be fluctuating throughout the second half of the year 2023. In China, Vitamin A started on a lower note in July’23. The domestic market in China had surplus inventories amidst low demands. Thus, the prices remained stuck at the lower end of the curve.
Vitamin A Price Chart
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Gradually, the trade exchanges of Vitamin A improved in the major supplying nation, so the domestic transactions stabilized steadily, giving suppliers a clearer idea about purchase quantities. However, international orders, especially from Europe, took a major hit in the following quarter primarily because of the beginning of the Israeli war.
After that, the Vitamin A market didn’t see much improvement. To make up for losses, the manufacturers reduced production and packaging to sustain the supply-demand parity. As the year’s end approached the Vitamin A market had a tightened supply and low wavering prices. Overall, a dull market performance was witnessed for Vitamin A during the second half of 2023.
Analyst Insight
According to Procurement Resource, supply-demand dynamics look pretty mixed for the coming months; not much improvement is anticipated in the prices moving forward.
Vitamin A Price Trend for the First Half of 2023
Vitamin A belongs to the family of fat-soluble vitamins, which are essential for biological functions in the human body. In the markets, it is available in two forms, i.e., retinol and carotenoids, which help support the immune system, cell growth, and differentiation in the body. It is also widely used as a supplement, either in the direct form or in combination with other vitamins and minerals.
In the global markets, the demand for dietary supplements oscillated in the first two quarters of 2023. It is also used as a food supplement, and the rise in the inflation in the prices of food products was also one of the significant contributors in determining the direction of the prices of vitamin A. In addition to this, the supply chains also worked efficiently, which helped in maintaining the equilibrium between supply and demand, which in turn accelerated the overall sentiments of the vitamin A market.
Analyst Insight
According to Procurement Resource, the price of Vitamin A is estimated to fluctuate due to the uncertainties in the demand from the downstream pharmaceuticals sector.
Procurement Resource provides latest prices of Vitamin A. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
Vitamin A is basically a fat-soluble vitamin that is naturally found in many food. Vitamin A plays a crucial role in several of the physiological functions, including proper functioning of the retina, growth and differentiation of target tissues, proper functioning of the reproductive organs, and even the modulation of immune system. It also helps the heart, kidneys, lungs, and other organs work properly. Beta-carotene is the most common type of provitamin A found in foods and dietary supplements.
Report Features | Details |
Product Name | Vitamin A |
Industrial Uses | Pharmaceutical drugs, Food additive, Dietary supplements , Beverage applications |
Supplier Database | BASF SE, Penta Manufacturing Company, Acros Organics, Cipla, Phizer Inc, Amway Corporation, GlaxoSmithKline plc. |
Region/Countries Covered | Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru Africa: South Africa, Nigeria, Egypt, Algeria, Morocco |
Currency | US$ (Data can also be provided in local currency) |
Supplier Database Availability | Yes |
Customization Scope | The report can be customized as per the requirements of the customer |
Post-Sale Analyst Support | 360-degree analyst support after report delivery |
Note: Our supplier search experts can assist your procurement teams in compiling and validating a list of suppliers indicating they have products, services, and capabilities that meet your company's needs.
Current industrial methods for the manufacture of vitamin A depends on chemical synthesis from petroleum-derived substrates, such as acetone and acetylene.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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