Key Market Indicators
The country ranked number 82 in 2021, Ethiopia came ahead with 809,260 Kilograms. France, India and the United States respectively ranked numbers 2, 3 and 4 in this ranking. Vitamin sales are set to hit $32.6 million by 2026, with a year-on-year growth rate of 2.3%. In 2020, the market increased by 6.4% year on year. The United Kingdom, Australia and India ranked second, third and fourth, respectively. Malagasy vitamin exports are projected to reach 1,430 kilograms in 2026, up from 1,110 kilograms in 2021. Since 2007, Malagasy supply has grown by 26.2% year on year. The country is ranked 84th in 2021, with Ivory Coast coming in first with 1,110 kilograms. Germany, India and the United States ranked second, third and fourth, respectively. Malagasy vitamin imports are expected to reach 949,270 kilograms by 2026, up from 799,970 kilograms in 2021, with an average year-on-year growth rate of 3%. Since 1995, Malagasy demand has risen by 6.9% year on year. The country is ranked 82nd in 2021, with Ethiopia leading the pack with 809,260 kilograms. France, India and the United States ranked second, third and fourth, respectively.