Covina, March 06, 2023 (GLOBE NEWSWIRE) -- “According to the latest research study, the demand of Vitamin-D Market accounted for US$ 1.50 billion in 2020 and is estimated to be US$ 3.08 billion by 2030 and is anticipated to register a CAGR of 7.50%. The Global vitamin D market has been classified into analog, application, end-user, and region.
Region Analysis:
Vitamin D insufficiency is common throughout Asia Pacific, notably in South and Southeast Asia. Rickets (a deformity caused by "soft bones") is quite common in China and is caused by a lack of vitamin D. Furthermore, rising income levels and significant consumer demand for nutritional and healthy products are expected to provide promising prospects for the growth and diversification of the region's functional food and beverage products, resulting in increased consumption of vitamin-infused products and, as a result, market growth. Due to increased demand for animal feed, fortified food items, and simple availability of raw materials, China and India are two of the most promising areas for vitamin D manufacturers to expand.
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Key Development:
- Zhejiang Xinhecheng Co., Ltd. (China) and DSM (Netherlands) inked a contract for the sale and purchase of cholesterol in January 2019. Vitamin D3 is made from cholesterol. This deal will assist the organisation in increasing its total capacity and Vitamin D productivity.
- Fermenta Biotech Limited (India) signed a 99-year lease deal with the Gujarat Industrial Development Corporation (GIDC) authority in Ankleshwar, Sayakha, in January 2019 to acquire a 40,000-square-meter plot of land for future expansion. The company aims to commence manufacturing by the end of 2020.
| Attribute | Details |
| Base year for estimation | 2020 |
| Forecast period | 2020 – 2030 |
| Market representation | Revenue in USD Million & CAGR from 2020 – 2030 |
| Market Segmentation | By Analog: Vitamin D2 and Vitamin D3 By Application: Functional food and beverages, Pharmaceuticals, Animal feed and pet food, and Personal care By End-User Industry: Children, Adults, and Pregnant Women |
| Regional scope | North America - U.S., Canada Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific Latin America - Brazil, Mexico, Argentina, Rest of Latin America Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa |
| Report coverage | Revenue forecast, company share, competitive landscape, growth factors, and trends |
Scope of the Report:
- Global Vitamin D Market, By Analog, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Vitamin D2
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Vitamin D3
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Vitamin D Market, By Application, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Segment Trends
- Functional Food and Beverages
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Pharmaceuticals
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Animal Feed and Pet Food
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Personal Care
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
- Global Vitamin D Market, By End-User, 2020 – 2030, (US$ Mn)
- Overview
- Market Value and Forecast (US$ Mn), and Share Analysis (%), 2019 — 2029
- Y-o-Y Growth Analysis (%), 2020 – 2030
- Regional Trends
- Children
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Adults
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Pregnant Women
- Overview
- Market Size and Forecast (US$ Mn), and Y-o-Y Growth (%), 2020 – 2030
- Overview
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Competitive Landscape:
- Nestlé S.A.
- Pfizer, Inc.
- Koninklijke DSM N.V.
- ADM Alliance Nutrition, Inc.
- Abbott Nutrition Manufacturing Inc.
- GlaxoSmithKline plc
- Cadila Pharmaceuticals Limited
- Danone S.A.
- Kraft Foods Group, Inc.
- Nature's Bounty, Inc.
Market Dynamics:
The Vitamin D market is influenced by various market dynamics that impact supply and demand, pricing, and competition. Some of the key market dynamics are:
- Growing Awareness about Health Benefits
- Rising Prevalence of Vitamin D Deficiency
- Increasing Demand for Fortified Foods
- Lack of Natural Food Sources of Vitamin D
- Regulatory Landscape
- Technological Advancements
- Competitive Landscape
- Supply Chain Issues
- Economic Factors
Key Reasons to Purchase:
There are several key reasons to purchase Vitamin D market reports, including:
- Comprehensive Market Analysis
- Industry Insights
- Market Segmentation
- Market Forecasts
- Regulatory Analysis
- Competitive Analysis
- Strategic Recommendations
- Market Insights
FREQUENTLY ASKED QUESTIONS:
What are the different types of Vitamin D available in the market?
The two main types of Vitamin D available in the market are Vitamin D2 (ergocalciferol) and Vitamin D3 (cholecalciferol). Vitamin D3 is the more commonly used form and is considered to be more effective in raising blood levels of Vitamin D.
What are the different applications of Vitamin D?
Vitamin D is mainly used in dietary supplements and fortified foods. It is also used in the pharmaceutical industry for the treatment of Vitamin D deficiency and related conditions.
What are the key drivers and challenges for the Vitamin D market?
The key drivers for the Vitamin D market include the growing awareness about the health benefits of Vitamin D, the increasing prevalence of Vitamin D deficiency, and the rising demand for fortified foods and dietary supplements. The key challenges include the lack of standardization in dosage and labeling, the potential for toxicity at high doses, and the limited availability of natural food sources of Vitamin D.
What are the future growth prospects and opportunities for the Vitamin D market?
The Vitamin D market is expected to continue growing in the coming years, driven by factors such as the increasing awareness about the health benefits of Vitamin D, the growing demand for fortified foods and dietary supplements, and the increasing prevalence of Vitamin D deficiency.
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