Vitamin D Market Size to Reach USD 1888.5 Million in 2028 – Reports and Data

The global vitamin D market is expected to reach USD 1888.5 Million in 2028 and register a steady revenue CAGR of 5.40% over the forecast period, according to latest report published by Reports and Data. Key factors such as increasing preference for dietary supplements, increasing awareness about vitamin-D deficiency, increasing concerns about weakening of bones and cartilages, and increasing global elderly population are factors driving global market revenue growth.

Vitamin D is a group of fat soluble secosteroids that help in regulating calcium and phosphorus, and play a crucial role in bone development and maintaining normal immune system. Vitamin D is also called calciferol and sunshine vitamin as it is produced by the body in response to sunlight. Salmon, herring, egg yolk, fortified food, and fat spreads are some of the sources of calciferol. However, lack of exposure to sun, and low intake of vitamin D in diet often leads to vitamin D deficiency. Demand for vitamin supplements is increasing due to rising public awareness, rising preference for nutricosmetics and functional beverages, and increasing investments in research & development activities to develop vegan products and more enhanced calciferol supplements. Factors such as favorable government initiatives, increasing preference for fortified foods, and rising demand for vitamin formulation and nutricosmetics are boosting global market revenue growth. In addition, rapidly growing animal feed and pharmaceutical sectors, and high usage of vitamin D3 in food & beverage industry are other factors expected to boost market revenue growth over the forecast period.

However, factors such as shortage of ingredients, fluctuating raw material prices, and requirement of high initial investment are factors that could hamper market revenue growth over the forecast period. In addition, side effects of over-consuming vitamin D intake such as diarrhea, poor appetite, nausea, and headache are factors that can hamper market revenue growth to a certain extent going ahead.

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Some key highlights of the report:

  • Based on application, the feed and pet food segment is expected to register highest revenue CAGR during the forecast period, owing to rapid advancements in the pet food and animal feed industry, rising funds from public and private sectors, and high use of calciferol in animal feed and pet food.
  • Based on end use, the adults segment accounted for significantly large revenue share in 2020, due to factors such as increasing awareness about various bone-related problems, increasing global elderly population, and increasing demand for dietary supplements and personal care products.
  • Among the form type, the dry segment is expected to account for largest revenue share between 2021 and 2028. The dry form is more stable, easy to handle, and store as compared to liquid form. Moreover, it has a greater shelf life and is available in a wide range of products.
  • North America market is expected to account for largest revenue share in the global market between 2021 and 2028. This can be attributed to rising prevalence of rickets in infants and children, rising preference for dietary supplements, and availability of wide range of vitamin D products. In addition, increasing awareness about vitamin D deficiency, rising product approvals, and increasing investments in research & development activities are factors supporting revenue growth of the market in North America.
  • Asia Pacific market is expected to register highest revenue CAGR over the forecast period, owing to inclining number vitamin D deficiency cases, increasing public awareness, rising demand for fortified products and dietary supplements, constant focus on R&D activities, and rising disposable income.

  Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Vitamin D market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.

Leading companies operating in the market are:

Koninklijke DSM N.V, Zhejiang Garden Biochemical High-Tech Co Ltd.,  Fermenta Biotech Ltd., BASF SE, Dishman Group, Taizhou Haisheng Pharmaceutical Co Ltd., Zhejiang Medicine Co Ltd., PHW Group, Bio-Tech Pharmacal, Divi’s Nutraceuticals, Synthesia, Hangzhou Think Chemical Co Ltd., Sichuan Neijiang Huixin Pharmaceutical Co Ltd., Kingdom Nutrition Inc., Nestle Health Science, McKinley Resources Inc., New Gen Pharma Inc., Taizhou Hisound Pharmaceutical Co Ltd, Pharmavit, Tocris Bioscience, Lycored, Stabicoat Vitamins, and Spectrum Chemical MFG Corp

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

  Vitamin D Market Segmentation:

Type Outlook:

  • Vitamin D3
  • Vitamin D2

Test Outlook:

  • 25 Hydroxy
  • 1, 25 Dihydroxy

Form Outlook:

  • Dry
  • Liquid

Application Outlook:

  • Feed & Pet Food
    • Animal Feed
    • Pet Food
  • Food & Beverages
  • Personal Care
  • Pharmaceutical
  • Other

End Use Outlook:

  • Children
  • Adults
  • Pregnant Women

Geographic Segment Covered in the Report:

The Vitamin D report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (the USA and Canada)
• Europe (UK, Germany, France, and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• the Middle East and Africa (GCC and the rest of the Middle East and Africa)

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  Key market aspects are illuminated in the report:

  • Executive Summary: It covers a summary of the most vital studies, the Global Vitamin D market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
  • Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Vitamin D market, the years measured, and the study points.
  • Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
  • Manufacture by Region: This Global Vitamin D report offers data on imports and exports, sales, production and key companies in all studied regional markets.

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