Vitamin-D Market

Vitamin D Market size reached USD 1.1 billion in 2020 and is estimated to reach USD 1.9 billion in 2028 and the market is estimated to grow at a CAGR 7.0%

To have an edge over the competition by knowing the market dynamics and current trends of “Vitamin-D Market”, request for Sample Report here

Market Dynamic

Key Drivers and Emerging Trends

The factors driving the global Vitamin-D market includes increasing prevelence of the occurrence of diseases caused due to the vitamin D deficiency, rising demand for the supplements which contain vitamin D during the Covid-19 pandemic to boost the immunity, rising demand by the growing geriatric populations and changing lifestyle. For instance, according to the study by National Centre for BioForm Information, U.S, in 2020, an estimated over 1 billion people globally are suffering from vitamin D deficiency with highest prevalence in the geriatric, asthmatics and the obese population. Thus, such increase in vitamin D deficiency around the globe has created massive demand for the market growth over the forecast period.

Further, rising trends towards the adoption of the immunity boosting products globally due to increase in the prevelence of the Covid-19 infectious disease have strengthened the vitamin D market growth. For instance, according to the Worldometer Information, in 2021, globally an estimated 140 million people diagnosed with COVID-19 infection and around 3 million people died due to the infection. Thus, such increase in the prevelence of the COVID-19 cases have created massive demand for the vitamin D based tablets and supplements around the globe.

Restraint in the Vitamin-D Market

However, require following strict regulatory standard rules and regulations and require high capital investment to follow this standard which may hinder the market growth. Vitamin-D manufacturing require automated filling, sealing and packaging machines in order to avoid the contamination and to increase the productivity. Thus, it requires high capital cost which may hinder the vitamin-D market growth.

Do you want to know more about the Research process and detailed Methodology, Request Research Methodology of this report

Product- Segment Analysis

Based on the vitamin D2 segment is anticipated to witness noteworthy growth during the study period. This is primarily attributed to rising prevalence of rickets among children’s, hyperparathyroidism and kidney disease all across the globe. Also demand of the vitamin D2 for the children suffering from the malnutrition due to deficiency of micro nutrients. As per the World Health Organization (WHO) in 2017 the estimated more than 2 billion people suffer from micronutrient deficiency globally. It created massive demand for the growth of the vitamin D2 segmental growth over the forecast period.

Form – Segment Analysis

Based on the form, dry holds the highest market share in 2020, global vitamin-D market owing to surge in the demand for the supplements for pregnant women, children’s and geriatric population in powder form.

Application – Segment Analysis

Based on the application, functional food & beverage projected to have the largest market share over the forecast period in the global Vitamin-D market in 2020, owing to rising healthcare spending and surge in the demand for natural fortified foods around the globe. For instance, according to the Institute of Food Technologists in February 2020, globally, fortified/functional and naturally healthy food sale was valued USD 267 billion and USD 259 billion respectively.

In case, any of your pain points areas are not covered in the current scope of this report, Request for Free Customization here

Regional – Segment Analysis:

Based on the region, North America region is expected to dominate the global Vitamin-D market in 2020 due to presence of demand by the geriatric population with surge in the vitamin D deficiency disorders and growing demand for the personal care products due to rising consumer spending on healthcare. For instance, according to the National Centre for BioForm Information in 2020, the prevelence rate of the vitamin D deficiency disorder in the United States varies from around 40-60% owing to increased geriatric population in this region followed by Europe. In addition, rising technological advancements for diagnosis of the chronic ailments such as rickets in children and infants, diabetes, cancer etc. are increasing the vitamin D market growth.

Top Market Players

Various notable players operating in the market includes ADM, Nestle Sa, Otsuka holdings co. LtD, THQ Nordic AB, Glaxosmithkline PLC., Pfizer Inc., General Nutrition Centers, Inc., The Nature’s Bounty Co., Amway, Everidis Health Sciences LLC, Sapien LLC and among others. 

Key Developments:

• • In 2021, DSM launched digital awareness campaign about Vitamin D market in India. The company has started the digital campaign to create awareness to boost immunity with its ImmuniD product that addresses India’s 80% Vitamin D deficiency population.
  • In 2019, Aarti Life Science has launched an orange flavoured chewable tablet form named Yetocee and Yetocee D3 that help to strengthen one’s immunity by regulating the levels of three essential nutrients such as Vitamin D, Vitamin C, 3, and Zinc in with recommendation of doctors to fight COVID-19.

Segments covered in the Report:

The global Vitamin-D market has been segmented on the basis of product, form, application, and key regions. Based on product, the market is segmented into Vitamin D2 and Vitamin D3. Based on the form, the market is divided into liquid and dry. In terms of the application, the vitamin D market is bifurcated into personal care, functional food & beverage, pharmaceuticals, and animal feed. 

For detailed scope of the “Vitamin-D Market” report request a Sample Copy of the report

Key questions answered in this research report:

• • At what pace is global Vitamin-D market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Vitamin-D market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Vitamin-D market?
  • Which product generated maximum revenues in 2020 and identifies the most promising Product during the forecast period?
  • What are the various application areas of global Vitamin-D market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Market Segmentation

Global Vitamin-D Market by Product

• • Vitamin D2
  • Vitamin D3

Global Vitamin-D Market by Form

• • Dry
  • Liquid

Global Vitamin-D Market by Application

• • Personal Care
  • Functional Food & Beverage
  • Pharmaceuticals
  • Animal Feed

Global Vitamin-D Market by Region

• • North America Vitamin-D Market (Option 1: As a part of the free 25% customization)

    • By Product
    • By Form
    • By Application
    • US Market All-Up
    • Canada Market All-Up

  • Europe Vitamin-D Market (Option 2: As a part of the free 25% customization)

    • By Product
    • By Form
    • By Application
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

  • Asia-Pacific Vitamin-D Market (Option 3: As a part of the free 25% customization)

    • By Product
    • By Form
    • By Application
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • RoW Vitamin-D Market (Option 4: As a part of the free 25% customization)

    • By Product
    • By Form
    • By Application
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Vitamin-D (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • ADM
  • Nestle Sa
  • Otsuka holdings co. Ltd
  • THQ Nordic AB
  • Glaxosmithkline PLC.
  • Pfizer Inc.
  • General Nutrition Centers, Inc.
  • The nature’s bounty co.
  • Amway
  • Everidis Health Sciences LLC
  • Sapien LLC