High prevalence of vitamin D deficiency globally, and increasing investments in pharmaceutical and animal feed sectors are key factors boosting global market revenue growth
New York, December 08, 2021 – 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 driving global market revenue growth are increasing prevalence of orthopedic disorders, infectious diseases, cancer, asthma, rising demand for vitamin D3, coupled with increasing investments in research & development of more enhanced vitamin D-based products.
Vitamin D, also known as calciferol, comprise of fat soluble secosteroids found in several food products such as red meat, egg yolk, salmon, fortified food such as breakfast cereals, dairy products, and plant sources such as mushroom and soy milk. The primary function of this vitamin is to promote absorption of calcium and phosphorous and maintain normal immune system functions and help in bone and tooth development. Vitamin D is sometimes called sunshine vitamin as it is produced by the body when exposed to sunlight, and helps in lowering risks of heart diseases, depression, and common flu.
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Pregnant women, neonates, and elderly people are more prone to vitamin D deficiency that can be caused due to lack of exposure to sunshine and insufficient vitamin and dietary intake. Bone weakness, fatigue, body aches, hair loss, and impaired wound healing are some symptoms of this deficiency. Factors such as increasing awareness about vitamin D, changing lifestyle, increasing intake of fortified foods, rising geriatric population, and rising demand for nutricosmetics and personal care products are fueling global market growth. In addition, increasing preference for vegan products, functional beverages, and premixes, increasing demand for calciferol during coronavirus pandemic, and ongoing research on correlating COVID-19 and vitamin-D supplements are expected to fuel market revenue growth going ahead.
However, stringent regulatory norms and side effects such as loss of appetite, vomiting, nausea, headache, and confusion, and high initial investments required for machinery are some key factors that could hamper vitamin D market revenue growth during the forecast period.
Some key highlights of the report:
- Based on test, the vitamin D3 segment is expected to account for largest revenue share during the forecast period, owing to rising prevalence of malnutrition, chronic illnesses, obesity, high focus on strengthening cartilage tissues, bones, and high usage of vitamin D3 in personal healthcare products.
- Based on form, the liquid form is expected to register rapid revenue CAGR over the forecast period owing to easy absorption of vitamin D in liquid form, increasing usage of liquid vitamin D in animal feed and fortified food and in treatment for osteoporosis and hypophosphatemia, and rising demand for liquid vitamin supplements in sports nutrition field. The liquid product is widely used in food supplements for maintaining cardiovascular health and bone health.
- Among the end use, the children segment is expected to register fastest revenue CAGR between 2021 and 2028 owing to rising incidence of rickets among children and infants, and rapid advancements in medical technology, and availability of a variety of vitamin supplements.
- The vitamin D market in Europe is expected to register significantly high revenue growth throughout the forecast period, owing to factors such as rising prevalence of hypocalcemia, rickets, osteoporosis, child malnutrition, rapidly growing sectors including pharmaceutical and personal care products, and increasing usage of vitamin D supplements and other related products in countries in the region.
- Asia Pacific market revenue is expected to register highest CAGR of 7.1% during the forecast period owing to increasing prevalence of vitamin D deficiency, growing public awareness, and rising disposable income. In addition, increasing investments in R&D as well as for developing advanced healthcare infrastructure, and high usage of vitamin D in animal feed and pet food are other factors driving revenue growth of the Asia Pacific market.
- 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, Pharmavit, Tocris Bioscience, Lycored, Stabicoat Vitamins, and Spectrum Chemical MFG Corp are key players profiled in the global vitamin D market report.
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For the purpose of this report, Reports and Data has segmented the global vitamin D market on the basis of by type, test, form, application, end use, and region:
Type Outlook (Revenue, USD Million; 2018–2028)
- Vitamin D3
- Vitamin D2
Test Outlook (Revenue, USD Million; 2018–2028)
- 25 Hydroxy
- 1, 25 Dihydroxy
Form Outlook (Revenue, USD Million; 2018–2028)
- Dry
- Liquid
Application Outlook (Revenue, USD Million; 2018–2028)
- Feed & Pet Food
- Animal Feed
- Pet Food
- Food & Beverages
- Personal Care
- Pharmaceutical
- Other
End Use Outlook (Revenue, USD Million; 2018–2028)
- Children
- Adults
- Pregnant Women
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Regional Outlook (Revenue, USD Million, 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Sweden
- Benelux
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
- Israel
- Rest of MEA
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Some points on how the report benefits stakeholders:
- The reports include historical (2018–2020) and forecast (2021–2028) data points, revenues, and CAGR in table, figure, and chart formats, with detailed and qualitative, supporting written information for each.
- Revenue break-up is provided for each segment in these formats for global, regional, and for each country in the respective region for each year between 2018 and 2028.
- The report contains insights regarding growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
- The report contains data and information on customers, competitors, vendors/distributors, and other players and in the global marketplace.
- Market research analysis is vital for all crucial business strategies and can aid in numerous ways and to provide a clearer understanding about strategies being deployed by competitors, product launches, competitive analysis, technological advancements and various other factors that enhance sales of a firm or perhaps provide insights to focus on merger and acquisition as a strategy or enter into strategic agreements or joint ventures etc.
- The report contains company profiles of the top companies operating in the market along with their respective revenue and operating segments, geographical reach, market footprint, headquarters, growth rates, recent developments, product /services, expansion strategies, investments in expansion, and more.
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