MARKET SIZE GROWTH RATE:
According to Arizton’s latest market research report, the global vitamin D market is expected to reach USD 2.68 billion by 2027, growing at a CAGR of 8.49% from 2021-2027.
The emerging therapeutic applications of vitamin D, increasing demand for vitamin D formulation in personal care, increasing trend of vegan vitamin D formulations, and emerging drug delivery technologies for administering vitamin D are growing trends in the global market.
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MARKET OPPORTUNITIES & DRIVERS:
Traditionally, plant-based vitamin D is the D2 form (ergocalciferol). It’s slightly different in structure than vitamin D3. Therefore, it’s less beneficial in maintaining vitamin D levels in the body. The researchers behind Healthspan’s Vegan Vitamin D3 worked with several universities and research groups to develop a scalable process to produce 100% plant-based vitamin D3. This makes the dietary supplement vegan-friendly and reduces the carbon produced during manufacturing. Trends of being vegan are increasingly spreading worldwide as it forces vitamin supplement manufacturers to develop and launch vegan vitamin D products across the globe.
VITAMIN D MARKET REPORT SCOPE
| Report Attributes | Details |
| Market Size (2027) | USD 2.68 Billion |
| Market Size (2021) | USD 1.64 Billion |
| CAGR (2021-2027) | 8.49% |
| Base Year | 2021 |
| Forecast Year | 2022-2027 |
| Market Segmentation | Analog, Form, Application, End User, and Geography |
| Geographic Analysis | North America, Europe, APAC, Latin America, and Middle East & Africa |
| Countries Covered | The US, Canada, Germany, Italy, Spain, France, the UK, Russia, Poland, Japan, China, South Korea, India, Australia, Indonesia, Vietnam, Thailand, Malaysia, Brazil, Mexico, Argentina, Columbia, Turkey, Saudi Arabia, South Africa, and Turkey |
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HUGE INVESTMENT OPPORTUNITIES IN VITAMIN D MARKET
Fermenta Biotech made efforts to develop new vitamin D formulations. Their multi-amalgamation project involves extracting vitamins D2 and D3 from plants and adding nutrients to premixes. They also completed a backward integration project to supply cholesterol from wool fat. The company also completed the construction of a new multi-combination office in Dahej in 2021. Most players are working on mergers and acquisitions to reduce fragmentation. With increasing market opportunities, non-traditional players are also expected to enter the nutritional supplement market during the forecast period, leading to further spread among players.
MARKET SEGMENTATION
The animal health segments have high growth opportunities in the vitamin D market. Vendors are now trying to manufacture feed-grade vitamin D apart from supplement-grade ingredients. The segment is expected to reach $815.61 million by 2027. The increase in feed prices during the pandemic, growing demand for high-quality milk and meat, and the rise in cattle population are factors driving the growth of the animal health segment.
Vitamin D3 is the biologically active form of vitamin D found in the bodies of humans and animals. The market for the vitamin D3 segment is expected to observe growth in the next 5 years due to the increased demand for dietary supplements after the outbreak of the COVID-19 pandemic in 2020. VitaminD3 is more beneficial as it occurs naturally and is proven to enhance vitamin D levels effectively. D3 is the predominant choice in the pharma industry as they improve health and treat medical conditions. Human bodies also absorb D3 more efficiently. It is also proven to be more effective in raising the concentrations of serum 25-hydroxyvitamin D than D2. Favorable government regulations, easy availability of drugs, and informative labeling act as back-end supporting the growth of the vitamin D3 market.
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GEOGRAPHICAL INSIGHTS
Europe is a leader in pharmaceutical innovation and formulations. Brands such as Vitabiotics are leaders in manufacturing vitamin D supplements in the UK. They are a variety of I.U. strengths that provide excellent vitamin D3 supplements in various forms, including drops and soft gels for children. The brand’s extensive portfolio of immunity enhancement, bone health, women’s health, and pregnancy can potentially strengthen the growth prospects of vitamin D makers in the region.
In 2021, North America accounted for the second-largest global vitamin D market share. Food fortification is a major factor driving the demand for vitamin D ingredients. Favorable regulations and government initiatives in the North American region support this. The increasing prevalence of bone and joint disorders has led to a spike in demand for vitamin D in the pharma industry. More than 54 million adults are at risk of developing osteoporosis in the US. Over 2 million people suffer from osteoporotic fractures in the US every year.
The increasing prevalence of vitamin D deficiency, rapid urbanization, growing changes in lifestyle and food preferences, and rising number of health clubs, fitness centers, and gymnasiums are expected to drive the APAC vitamin D market in the upcoming years.
COMPETITIVE ANALYSIS
Companies and governments need to adopt the concept of people-centric nutrition to develop innovative vitamin D3 products that can enhance the nutritional requirements of consumers. Building partnership with end-user industries, local communities, organizations, and healthcare bodies is crucial in developing innovative formulations. Vendors can also collaborate with NGOs, local government, and regulatory authorities to meet local needs. For instance, Vitamin D Guru, Vitamin Angels, and the National Association for the Blind are some of the major partnerships of Fermenta.
MAJOR COMPANIES
BASF SE, Fermenta Biotech Limited, DSM, Dishman Carbogen Amcis, Zhejiang Garden Biochemical High-Tech Co Ltd, Adisseo, Synthesia, Vitablend, NewGen Pharma, Sichuan Neijiang Huixin Pharmacy, HangZhou Think Chemical, Lycored, Pharmavit, Divi’s Nutraceuticals, Tocris Bioscience, Spectrum Chemical, Stabicoat Vitamins, Xiamen Kingdomway Group Company, and Zhejiang NHU
WHY SHOULD YOU BUY THIS RESEARCH REPORT?
- Detail information on Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2023–2028.
- The report will provide access to 306 pages report that includes information about 5 regions, 26 countries, and 19 companies.
- Visualize the global vitamin D market segmentation by Analog, form, end users, and regions, highlighting the key commercial assets and players’ insights.
- In-depth information on market size and growth rate.
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