Feb 27, 2026
IndexBox has just published a new report: Australia – Provitamins And Vitamins – Market Analysis, Forecast, Size, Trends and Insights.
This article provides a comprehensive analysis of Australia’s provitamins and vitamins market. It details that in 2024, domestic consumption surged to 28K tons ($355M), while production reached 33K tons ($1.1B). The market is forecast to grow to 32K tons ($476M) by 2035, albeit at a decelerating pace with CAGRs of +1.2% in volume and +2.7% in value. Trade data shows China as the dominant import source (78% by volume), while China is also the primary export destination (54% by volume, 71% by value). The report breaks down trade by product type and analyzes price trends, noting a significant drop in export volume in 2024 despite rising average prices.
Key Findings
Australia’s vitamin market is forecast to grow to 32K tons ($476M) by 2035, with anticipated CAGRs of +1.2% in volume and +2.7% in valueIn 2024, domestic consumption and production both saw significant growth, reaching 28K tons and 33K tons respectivelyChina is the overwhelmingly dominant import source, supplying 78% of volume, while also being the top export destination, taking 71% of export valueExport volume fell sharply by 44% in 2024, but the average export price rose by 33% to $32,081 per tonThe product mix is diverse, with ‘vitamins; n.e.s. in item no. 2936.2’ being the most significant category for both high-value exports and importsMarket Forecast
Driven by increasing demand for provitamins and vitamins in Australia, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.2% for the period from 2024 to 2035, which is projected to bring the market volume to 32K tons by the end of 2035.
In value terms, the market is forecast to increase with an anticipated CAGR of +2.7% for the period from 2024 to 2035, which is projected to bring the market value to $476M (in nominal wholesale prices) by the end of 2035.
ConsumptionAustralia’s Consumption of Provitamins And Vitamins
In 2024, vitamin consumption in Australia skyrocketed to 28K tons, jumping by 52% on the year before. Overall, the total consumption indicated buoyant growth from 2013 to 2024: its volume increased at an average annual rate of +6.1% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, consumption increased by +80.2% against 2019 indices. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.
The size of the vitamin market in Australia surged to $355M in 2024, increasing by 48% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers’ margins, which will be included in the final consumer price). In general, the total consumption indicated a resilient increase from 2013 to 2024: its value increased at an average annual rate of +5.8% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
ProductionAustralia’s Production of Provitamins And Vitamins
In 2024, vitamin production in Australia expanded slightly to 33K tons, picking up by 2.1% compared with the previous year’s figure. Overall, production recorded a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 152%. As a result, production attained the peak volume of 38K tons. From 2019 to 2024, production growth remained at a somewhat lower figure.
In value terms, vitamin production surged to $1.1B in 2024 estimated in export price. Over the period under review, production continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2018 with an increase of 78%. Vitamin production peaked in 2024 and is expected to retain growth in the near future.
ImportsAustralia’s Imports of Provitamins And Vitamins
Vitamin imports into Australia stood at 6.8K tons in 2024, increasing by 2.1% against the previous year’s figure. The total import volume increased at an average annual rate of +2.5% from 2013 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 when imports increased by 25%. As a result, imports attained the peak of 8.4K tons. From 2023 to 2024, the growth of imports remained at a somewhat lower figure.
In value terms, vitamin imports expanded rapidly to $91M in 2024. Over the period under review, total imports indicated a pronounced expansion from 2013 to 2024: its value increased at an average annual rate of +3.5% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, imports decreased by -16.8% against 2022 indices. The most prominent rate of growth was recorded in 2018 with an increase of 31% against the previous year. As a result, imports reached the peak of $119M. From 2019 to 2024, the growth of imports remained at a lower figure.
Imports By Country
In 2024, China (5.3K tons) constituted the largest supplier of vitamin to Australia, with a 78% share of total imports. Moreover, vitamin imports from China exceeded the figures recorded by the second-largest supplier, India (326 tons), more than tenfold. The third position in this ranking was taken by the United States (290 tons), with a 4.2% share.
From 2013 to 2024, the average annual growth rate of volume from China stood at +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+12.9% per year) and the United States (-2.4% per year).
In value terms, China ($51M) constituted the largest supplier of provitamins and vitamins to Australia, comprising 56% of total imports. The second position in the ranking was taken by the United States ($15M), with a 16% share of total imports. It was followed by Switzerland, with a 6.6% share.
From 2013 to 2024, the average annual rate of growth in terms of value from China stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+3.5% per year) and Switzerland (+0.8% per year).
Imports By Type
Vitamins; vitamin c and its derivatives, unmixed (2.7K tons), vitamins; vitamin e and its derivatives, unmixed (1.4K tons) and vitamins; n.e.s. in heading no. 2936, including natural concentrates (1.3K tons) were the main products of vitamin imports to Australia, with a combined 79% share of total imports.
From 2013 to 2024, the biggest increases were recorded for vitamins; n.e.s. in heading no. 2936, including natural concentrates (with a CAGR of +11.4%), while purchases for the other products experienced more modest paces of growth.
In value terms, vitamins; vitamin e and its derivatives, unmixed ($25M), vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed ($19M) and vitamins; n.e.s. in heading no. 2936, including natural concentrates ($16M) appeared to be the most imported types of provitamins and vitamins in Australia, with a combined 65% share of total imports. Vitamins; vitamin c and its derivatives, unmixed, vitamins; vitamins a and their derivatives, unmixed, vitamins; vitamin B1 and its derivatives, unmixed, vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed, vitamins; vitamin B2 and its derivatives, unmixed, vitamins; vitamin B6 and its derivatives, unmixed and vitamins; vitamin B12 and its derivatives, unmixed lagged somewhat behind, together accounting for a further 35%.
Among the main product categories, vitamins; vitamin B1 and its derivatives, unmixed, with a CAGR of +9.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other products experienced more modest paces of growth.
Import Prices By Type
The average vitamin import price stood at $13,331 per ton in 2024, increasing by 8% against the previous year. Over the period under review, the import price saw a mild expansion. The pace of growth appeared the most rapid in 2017 when the average import price increased by 39%. Over the period under review, average import prices reached the peak figure at $17,558 per ton in 2018; however, from 2019 to 2024, import prices stood at a somewhat lower figure.
Prices varied noticeably by the product type; the product with the highest price was vitamins; vitamin B12 and its derivatives, unmixed ($77,864 per ton), while the price for vitamins; vitamin c and its derivatives, unmixed ($4,477 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by vitamins; vitamins a and their derivatives, unmixed (+8.8%), while the prices for the other products experienced more modest paces of growth.
Import Prices By Country
The average vitamin import price stood at $13,331 per ton in 2024, increasing by 8% against the previous year. Over the period under review, the import price saw a mild increase. The growth pace was the most rapid in 2017 an increase of 39%. The import price peaked at $17,558 per ton in 2018; however, from 2019 to 2024, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2024, amid the top importers, the country with the highest price was the United States ($51,186 per ton), while the price for China ($9,576 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was attained by the United States (+6.0%), while the prices for the other major suppliers experienced more modest paces of growth.
ExportsAustralia’s Exports of Provitamins And Vitamins
In 2024, vitamin exports from Australia contracted sharply to 11K tons, which is down by -44.2% on 2023 figures. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 when exports increased by 560%. As a result, the exports attained the peak of 28K tons. From 2019 to 2024, the growth of the exports failed to regain momentum.
In value terms, vitamin exports dropped rapidly to $359M in 2024. Overall, exports, however, enjoyed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 367% against the previous year. As a result, the exports attained the peak of $533M. From 2019 to 2024, the growth of the exports remained at a lower figure.
Exports By Country
China (6K tons) was the main destination for vitamin exports from Australia, accounting for a 54% share of total exports. Moreover, vitamin exports to China exceeded the volume sent to the second major destination, New Zealand (1.3K tons), fivefold. The third position in this ranking was taken by Vietnam (764 tons), with a 6.8% share.
From 2013 to 2024, the average annual rate of growth in terms of volume to China totaled +38.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: New Zealand (+8.4% per year) and Vietnam (+50.5% per year).
In value terms, China ($255M) remains the key foreign market for provitamins and vitamins exports from Australia, comprising 71% of total exports. The second position in the ranking was held by Vietnam ($23M), with a 6.5% share of total exports. It was followed by New Zealand, with a 5.3% share.
From 2013 to 2024, the average annual rate of growth in terms of value to China stood at +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (+42.3% per year) and New Zealand (+6.6% per year).
Exports By Type
Vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed (7.1K tons) was the largest type of provitamins and vitamins exported from Australia, accounting for a 64% share of total exports. Moreover, vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed exceeded the volume of the second product type, vitamins; n.e.s. in heading no. 2936, including natural concentrates (2.6K tons), threefold. Vitamins; vitamin c and its derivatives, unmixed (707 tons) ranked third in terms of total exports with a 6.3% share.
From 2013 to 2024, the average annual growth rate of the volume of vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed exports totaled +30.5%. With regard to the other exported products, the following average annual rates of growth were recorded: vitamins; n.e.s. in heading no. 2936, including natural concentrates (+1.8% per year) and vitamins; vitamin c and its derivatives, unmixed (+41.2% per year).
In value terms, vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed ($305M) remains the largest type of provitamins and vitamins exported from Australia, comprising 85% of total exports. The second position in the ranking was held by vitamins; n.e.s. in heading no. 2936, including natural concentrates ($32M), with an 8.9% share of total exports. It was followed by vitamins; vitamins a and their derivatives, unmixed, with a 3.7% share.
From 2013 to 2024, the average annual growth rate of the value of vitamins; n.e.s. in item no. 2936.2, and their derivatives, unmixed exports stood at +36.9%. With regard to the other exported products, the following average annual rates of growth were recorded: vitamins; n.e.s. in heading no. 2936, including natural concentrates (-3.5% per year) and vitamins; vitamins a and their derivatives, unmixed (-2.7% per year).
Export Prices By Type
In 2024, the average vitamin export price amounted to $32,081 per ton, picking up by 33% against the previous year. Over the period under review, export price indicated a noticeable expansion from 2013 to 2024: its price increased at an average annual rate of +2.0% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, vitamin export price increased by +78.1% against 2022 indices. The pace of growth appeared the most rapid in 2020 when the average export price increased by 35% against the previous year. The export price peaked at $39,700 per ton in 2021; however, from 2022 to 2024, the export prices failed to regain momentum.
Prices varied noticeably by the product type; the product with the highest price was vitamins; vitamin B2 and its derivatives, unmixed ($426,541 per ton), while the average price for exports of vitamins; d- or DL-pantothenic acid (vitamin B3 or vitamin B5) and its derivatives, unmixed ($8,989 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for the following types: vitamins; vitamin B2 and its derivatives, unmixed (+26.9%), while the prices for the other products experienced more modest paces of growth.
Export Prices By Country
In 2024, the average vitamin export price amounted to $32,081 per ton, surging by 33% against the previous year. Overall, export price indicated a perceptible increase from 2013 to 2024: its price increased at an average annual rate of +2.0% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2024 figures, vitamin export price increased by +78.1% against 2022 indices. The most prominent rate of growth was recorded in 2020 when the average export price increased by 35%. The export price peaked at $39,700 per ton in 2021; however, from 2022 to 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major foreign markets. In 2024, amid the top suppliers, the country with the highest price was China ($42,553 per ton), while the average price for exports to the United States ($9,678 per ton) was amongst the lowest.
From 2013 to 2024, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Source: IndexBox Market Intelligence Platform
This report provides a comprehensive view of the vitamin industry in Australia, tracking demand, supply, and trade flows across the national value chain. It explains how demand across key channels and end-use segments shapes consumption patterns, while also mapping the role of input availability, production efficiency, and regulatory standards on supply.
Beyond headline metrics, the study benchmarks prices, margins, and trade routes so you can see where value is created and how it moves between domestic suppliers and international partners. The analysis is designed to support strategic planning, market entry, portfolio prioritization, and risk management in the vitamin landscape in Australia.
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Key findings
Domestic demand is shaped by both household and industrial usage, with trade flows linking local supply to imports and exports.
Pricing dynamics reflect unit values, freight costs, exchange rates, and regulatory shifts that affect sourcing decisions.
Supply depends on input availability and production efficiency, creating a distinct national cost curve.
Market concentration varies by segment, creating different competitive landscapes and entry barriers.
The 2035 outlook highlights where capacity investment and demand growth are most aligned within the country.
Report scope
The report combines market sizing with trade intelligence and price analytics for Australia. It covers both historical performance and the forward outlook to 2035, allowing you to compare cycles, structural shifts, and policy impacts.
Market size and growth in value and volume terms
Consumption structure by end-use segments
Production capacity, output, and cost dynamics
Trade flows, exporters, importers, and balances
Price benchmarks, unit values, and margin signals
Competitive context and market entry conditions
Product coverageProdcom 21105100 – Provitamins and vitamins, natural or reproduced by synthesis (including natural concentrates), derivatives thereof used primarily as vitamins, and intermixtures of the foregoing, w hether or not in any solventCountry coverageCountry profile and benchmarks
This report provides a consistent view of market size, trade balance, prices, and per-capita indicators for Australia. The profile highlights demand structure and trade position, enabling benchmarking against regional and global peers.
Methodology
The analysis is built on a multi-source framework that combines official statistics, trade records, company disclosures, and expert validation. Data are standardized, reconciled, and cross-checked to ensure consistency across time series.
International trade data (exports, imports, and mirror statistics)
National production and consumption statistics
Company-level information from financial filings and public releases
Price series and unit value benchmarks
Analyst review, outlier checks, and time-series validation
All data are normalized to a common product definition and mapped to a consistent set of codes. This ensures that comparisons across time are aligned and actionable.
Forecasts to 2035
The forecast horizon extends to 2035 and is based on a structured model that links vitamin demand and supply to macroeconomic indicators, trade patterns, and sector-specific drivers. The model captures both cyclical and structural factors and reflects known policy and technology shifts in Australia.
Historical baseline: 2012-2025
Forecast horizon: 2026-2035
Scenario-based sensitivity to income growth, substitution, and regulation
Capacity and investment outlook for major producing companies
Each projection is built from national historical patterns and the broader regional context, allowing the report to show where growth is concentrated and where risks are elevated.
Price analysis and trade dynamics
Prices are analyzed in detail, including export and import unit values, regional spreads, and changes in trade costs. The report highlights how seasonality, freight rates, exchange rates, and supply disruptions influence pricing and margins.
Price benchmarks by country and sub-region
Export and import unit value trends
Seasonality and calendar effects in trade flows
Price outlook to 2035 under baseline assumptions
Profiles of market participants
Key producers, exporters, and distributors are profiled with a focus on their operational scale, geographic footprint, product mix, and market positioning. This helps identify competitive pressure points, partnership opportunities, and routes to differentiation.
Business focus and production capabilities
Geographic reach and distribution networks
Cost structure and pricing strategy indicators
Compliance, certification, and sustainability context
How to use this report
Quantify domestic demand and identify the most attractive segments
Evaluate export opportunities and prioritize target destinations
Track price dynamics and protect margins
Benchmark performance against leading competitors
Build evidence-based forecasts for investment decisions
This report is designed for manufacturers, distributors, importers, wholesalers, investors, and advisors who need a clear, data-driven picture of vitamin dynamics in Australia.
FAQ
What is included in the vitamin market in Australia?
The market size aggregates consumption and trade data, presented in both value and volume terms.
How are the forecasts to 2035 built?
The projections combine historical trends with macroeconomic indicators, trade dynamics, and sector-specific drivers.
Does the report cover prices and margins?
Yes, it includes export and import unit values, regional spreads, and a pricing outlook to 2035.
Which benchmarks are included?
The report benchmarks market size, trade balance, prices, and per-capita indicators for Australia.
Can this report support market entry decisions?
Yes, it highlights demand hotspots, trade routes, pricing trends, and competitive context.
