Key Market Indicators
Global vitamin sales are projected to reach nearly $70 million by 2026, down from $77 million in 2020. This represents an average yearly decline of 1.5%. The market experienced a 4.2% drop year-on-year. The UK, Australia, and India were second, third, and fourth respectively in terms of vitamin sales. Portuguese vitamin imports are expected to reach 1.2 million kilograms by 2026, up from 1.1 million kilograms in 2021. This is a year-on-year growth rate of 1.5%. Since 1993, Portuguese demand has grown an average of 2.2% annually. Portuguese vitamin exports are expected to reach over 622,000 kilograms by 2026, up from 512,000 kilograms in 2021. This represents an average year-on-year growth rate of 3.3%. Portuguese supply has jumped 19.7% annually since 1993. In 2021, Belarus overtook Portugal as the leading exporter of vitamins, with 512,000 kilograms. Germany, India, and the US followed in second, third, and fourth place respectively.
