The vitamin A market is experiencing growth due to the expansion and emergence of the food & beverages sector. In addition, factors such as increase in geriatric population, healthcare expenditure, incidence of ophthalmic diseases, and healthcare awareness fuel the growth of the market. However, government regulations related to the approval of pharmaceutical products hinder the market growth. Ongoing R&D activities are anticipated to present new growth opportunities.
Vitamin A is also known as retinol, which is a fat-soluble vitamin used for ophthalmic disorders such as cataract, myopia, hypermetropia, presbyopia, night blindness, and retinitis pigmentosa. In addition, vitamin A has several therapeutical applications such as anti-oxidants, strengthens the immune system, reduces the risk of cancer, and helps with bone formation.
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COVID-19 scenario analysis:
1) The COVID-19 impact on the Vitamin A Market is unpredictable and is expected to remain in force till the fourth quarter of 2021.
2) The COVID-19 outbreak forced governments across the globe to implement strict lockdowns and banned import-export of nonessential items for most of 2021. This led to sudden fall in the availability of important raw materials.
3) Moreover, nationwide lockdowns forced manufacturing facilities to partially or completely shut their operations.
4) Adverse impacts of the COVID-19 pandemic have resulted in delays in activities and initiatives regarding development of reliable and innovative drone analytics systems globally.
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Key Finding of Vitamin A Market:
•The study provides an in-depth analysis of the global vitamin A market, with current trends and future estimations to elucidate investment pockets.
•Comprehensive analysis of factors that drive and restrict the growth of the market has been provided.
•The report provides a quantitative analysis to help stakeholders to capitalize on prevailing market opportunities from 20172023 in terms of value.
•Extensive analysis of different segments helps understand various products of the market.
•Key players have been profiled and their strategies thoroughly analyzed, which predict the competitive outlook of the market.
List of Key Players Profiled in the Report: