Vitamin D Market: Global Industry Analysis And Forecast (2024-2030)

The Global Vitamin D Market size was valued at US$ 1.33 Bn. in 2023 and the total Vitamin D revenue is expected to grow by 7.8% from 2024 to 2030, reaching nearly US$ 2.25 Bn.
Vitamin D Market Overview:
Vitamin D is required for the maintenance of strong and healthy bones and teeth. It also regulates inflammation and immunological function, among many other functions in the body. Vitamin D is also known as "calciferol." It is a fat-soluble vitamin that occurs naturally in a few foods, is added to others, and may be obtained as a dietary supplement. Endogenous production occurs when ultraviolet (UV) photons from sunlight impact the skin and activate vitamin D synthesis. Sufficient vitamin D prevents rickets in youngsters and osteomalacia in adults. Vitamin D, together with calcium, helps prevent elderly persons from osteoporosis.To know about the Research Methodology :- Request Free Sample Report

The report explores the Vitamin D market's segments (Type, Form, Applications, Distribution Channel, and Region). Data has been provided by market participants, and regions (North America, Asia Pacific, Europe, Middle East & Africa, and South America). It provides a thorough analysis of the rapid advances that are currently taking place across all industry sectors. Facts and figures, illustrations, and presentations are used to provide key data analysis for the historical period from 2018 to 2023. The report investigates the Vitamin D market's drivers, limitations, prospects, and barriers. This MMR report includes investor recommendations based on a thorough examination of the Vitamin D market's contemporary competitive scenario.
Vitamin D Market Dynamics:
The rising incidence of diseases like Rickets is the major driver for the market.

The increased prevalence of disorders such as rickets, which are caused by vitamin D deficiency and a lack of sunshine mixed with poor dietary habits, is likely to be a key market driver for vitamin D components. Hyperthyroidism occurs when the thyroid gland generates an abnormally large amount of the hormone thyroxine (overactive thyroid). It causes your body's metabolism to speed up, resulting in undesirable weight loss and a rapid or irregular pulse. Hyperthyroidism may be treated in a variety of ways, one of which is vitamin D supplementation. Urban residents spend most of their time in offices, whereas rural residents spend their time outside caring for their crops or animals.As a result, residents of urban areas are more likely to experience vitamin D deficiency and, as a result, be affected by vitamin D-related disorders. As a result, the demand for vitamin D components is expected to grow.

The rising recommendations for vitamin D consumption from doctors are the major driver for the Vitamin D market.

Clinical trials prove that supplementing with vitamin D at higher doses than previously recommended is useful for a variety of diseases. It minimizes the occurrence of falls and fractures, aids in the prevention of cardiovascular disease, and alleviates the symptoms of colds and influenza. Diabetes, multiple sclerosis, Crohn's disease, pain, depression, and perhaps autism are all showing benefits. Vitamin D is necessary for musculoskeletal health in people of all ages. Vitamin D deficiency can lead to rickets in youngsters and osteoporosis in elders. The rising incidence of the aforementioned illnesses is increasing medical recommendations for vitamin D consumption, which is expected to drive the global vitamin D market.

Increasing Government Policies and Regulations drive the market growth.

The supportive policies of regulatory authorities act as a stimulant for the vitamin D industry. As a result, vitamin D makers now have more liberty in selling their products. These characteristics make it easier for pharmaceutical corporations to market vitamin D-containing medications. Pharmaceutical firms are increasing their efforts to encourage the use of vitamin D commodities, which may raise the global market for vitamin D components in the coming years. Moreover, regulatory bodies are increasing their efforts to highlight the benefits of managing vitamin D commodities for selling, hence increasing the global vitamin D market.
Vitamin D Market Segment Analysis:
By Type, the Vitamin D2 segment is expected to grow significantly at a CAGR of xx% during the forecast period. This is because the human body cannot produce Vitamin D2, it should be taken from outside only to fulfill the requirement of Vitamin D in the body during the routine function. Vitamin D2 prevents rickets and cures osteomalacia, hypoparathyroidism (decreased parathyroid gland function), and hypophosphatemia (low levels of phosphate in the blood).The poor stability and higher impurities in vitamin D2 extraction may result in a higher risk of toxicity than that associated with vitamin D3. Due to this, the Vitamin D3 segment is also expected to grow rapidly during the forecast period.Vitamin D3 is best at raising levels of vitamin D in the human body.

The findings are supported by a recent review of the evidence that found that vitamin D3 supplementation increased vitamin D levels in the body. Vitamin D2 is mostly obtained from plants, mainly mushrooms, and yeast, whereas vitamin D3 is obtained from animal sources such as fatty fish, liver, and eggs.

By form Segment, the Dry segment accounted for a significant share of the market in 2023 and is expected to grow rapidly during the forecast period.Manufacturers preferred the dry form of vitamin D due to its increased stability, simplicity of storage and handling, and ease of use in a wide range of products. The majority of the vitamin D market is synthetic.Dry vitamin D is a supplementary form of vitamin D that is commonly used when traditional means of taking the mineral are insufficient to fulfill dietary requirements.

Vitamin D is required to maintain adequate amounts of calcium and phosphorus in the blood, so if the body does not get enough, health issues might occur. Dry vitamin D is frequently provided in the form of hard pills that may be swallowed with water.Dry Form Vitamin D is a non-oily powder that has been specially developed for people who have trouble digesting fats or oils. Compounds that are both convenient and effective in supporting healthy eyes and skin, antioxidant activity, and immune system function.
Vitamin D Market Regional Insights:
The North American Vitamin D Market maintained about half of the market share in 2023 due to favorable legislation and increased customer usage of nutritional supplements. The North American region ofthe vitamin D market is expected to gain significant growth during the forecast period.This is mostly due to the region's higher levels of chronic diseases such as diabetes and cancer. The increasing consumption of alcohol and fast food has helped pave the way for the rising incidence of obesity.

The region also has a considerable number of notable industry firms. Other ideal elements to market spread are rising government backing and rising per capita family earnings.However, the frequency of occurrences of high doses of vitamin D has grown in recent years. In Europe, the number of elderly persons suffering from vitamin D deficiency is rapidly increasing. Europe is anticipated to be the market with the highest potential for key participants in the global vitamin D market, driving the region's vitamin D industry growth.



The Asia-Pacific region is also experiencing significant growth in the vitamin D market and will continue to do so throughout the forecast period, due to rising demand for nutritious and healthy goods as well as the growing popularity of vitamin-infused products in the area.Vitamin D insufficiency is frequent within the Asia - Pacific region, especially in East and Southeast Asia. Rickets (a disease caused by "soft bones") is highly frequent in China and is caused by a lack of vitamin D.

Moreover, rising income levels and significant consumer demand for nutritional and healthy products are expected to provide exciting opportunities for the growth of the region's functional food and beverage products demand, 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 the simple availability of raw materials, China and the Indian market are two of the most emerging field for vitamin D makers to grow into. It has become a popular site for vitamin D supplement manufacturers and pharmaceutical companies.

The objective of the report is to present a comprehensive analysis of theVitamin D market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.

PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.

The report also helps in understanding theVitamin D market dynamics, and structure by analyzing the market segments and projecting theVitamin D market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Vitamin D market make the report investor’s guide.
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Global Vitamin D Market


Report Coverage
Details


Base Year:
2023
Forecast Period:
2024-2030


Historical Data:
2018 to 2023
Market Size in 2023:
US $ 1.33 Bn.


Forecast Period 2024 to 2030 CAGR:
7.8 %
Market Size in 2030:
US $ 2.25 Bn.


 Segments Covered:
by Type
Vitamin D2 Supplements
Vitamin D3 Supplements


by Form
Dry
Liquid


by Application
Food Industry
Pharmaceuticals Industry
Feed Industry


by Distribution Channel
Supermarkets/Hypermarkets
Pharmacies/Health Stores
Online Retailing
Other Distribution Channel



Vitamin D Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Vitamin D Market Key Players
1. Koninkljike DSM N.V
2. Zhejiang Garden Biochemical High-Tech Co Ltd
3. Zhejiang Xinhecheng Co Ltd
4. Fermenta Biotech Ltd
5. Xiamen Jindawei Vitamin Co Ltd
6. BASF SE
7. Dishman Group
8. Taizhou Haisheng Pharmaceutical Co Ltd
9. Zhejiang Medicine Co Ltd
10. Glanbia PLC
11. PHW Group
12. Bio-Tech Pharmacal
13. Divi’s Nutraceutical
14. Synthesia
15. Hangzhou Think Chemical Co Ltd
16. Sichuan Neijiang Huixin Pharmaceutical Co Ltd.
17. Kingdom Nutrition Inc.
18. McKinley Resources Inc.
19. New Gen Pharma Inc.
20. Taizhou Hisound Pharmaceutical Co Ltd.
21. Pharmavit
22. Tocris Bioscience
23. Lycored
24. Stabicoat Vitamins
25. Spectrum Chemical MFG Corp

FAQs:

1. Which is the potential market for the Vitamin D in terms of the region?
Ans.North America is the potential market for the vitamin D in terms of the region.

2. What are the opportunities for new market entrants?
Ans. The key opportunity in the market is due to the increasing Government Policies and Regulations.

3. What is expected to drive the growth of the Vitamin D market in the forecast period?
Ans.A major driver in the Vitamin D market is the rising recommendations for vitamin D consumption from doctors are the major driver for the Vitamin D market.

4. What is the projected market size & growth rate of the Vitamin D Market?
Ans.Vitamin D Market size was valued at US$ 1.33 Bn. in 2023 and the total Vitamin D revenue is expected to grow by 7.8% from 2024 to 2030, reaching nearly US$ 2.25 Bn.

5. What segments are covered in the Vitamin D Market report?
Ans. The segments covered are Type, Form, Applications, Distribution Channel, and Region.