Market Overview:
Vitamin D Market Size Was Valued at USD 1,344.0 Million in 2022 and is Projected to Reach USD 2,344.0 Million by 2030, Growing at a CAGR of 7.2% From 2023-2030.
Vitamin D is crucial for maintaining healthy bone formation and regulating the appropriate levels of calcium and phosphorus in the body. Very few naturally occurring foods contain vitamin D. Vitamin D comes in a variety of forms, but the two most common are ergocalciferol (vitamin D2) and cholecalciferol (vitamin D3). Foods including fish, eggs, and milk contain vitamin D. When exposed to sunshine, human skin also produces and stores vitamin D. When sunlight is not present, it is released from fat storage. Vitamin D shortage is brought on by the absence of vitamin D in a very small number of foods consumed every day. In order to treat and prevent such vitamin D insufficiency, supplements containing vitamin D are frequently used.
Top Key Players Covered In The Vitamin D Market:
- Zhejiang Garden Biochemical High-Tech Co. Ltd (China)
- Dishman Group (India)
- Fermenta Biotech (India)
- Taizhou Haisheng Pharmaceutical Co. Ltd (China)
- BASF (Germany)
- New Gen Pharma Inc (USA)
- Synthesia A.S. (Czech Republic)
- HangZhou Think Chemical (China)
- Bluestar Adisseo (China)
- Glanbia Plc (Ireland)
- ADM Alliance Nutrition Inc (USA)
- Bio-Tech Pharmacal Inc (USA), and Other Key Players
Market Dynamics and Factors:
Ever-Rising Vitamin D deficiency and growing awareness about the benefits associated with vitamin d consumption is driving the Vitamin D market. Vitamin D deficiency is an unrecognized epidemic and a common health problem in children throughout the world Vitamin D helps regulate the amount of calcium and phosphate in the body. These nutrients are needed to keep bones, teeth and muscles healthy. Everyone is advised by the government to think about taking a vitamin D supplement every day during the fall and winter. 10 micrograms of vitamin D per day are required for adults and children starting at age one. This includes those who are at risk of vitamin D insufficiency, such as pregnant and nursing mothers.
A rise in the Demand for fortification of food and livestock feed is expected to increase the demand for vitamin D in the future. With little risk to health, fortification is the deliberate addition of one or more micronutrients (such as vitamins and minerals) to a food or condiment in order to enhance the nutritional value of the food supply and benefit the general public. The World Health Organization advises widespread food fortification as a potent, evidence-based, and economically viable strategy to combat vitamin and mineral deficiencies, including, among others, anemia, iron insufficiency, and iodine deficiency illnesses. Due to these health benefits demand for fortified food increasing.
Vitamin D Market Report Highlight:
- By Form, the vitamin D3 segment is anticipated to lead the growth of the Vitamin D market in the forecasted timeframe. Due to its expanding knowledge of its various applications, the number of people suffering from rheumatoid arthritis, and other bone-related diseases.
- By Application, the Fortified food & beverages segment is expected to have the highest share of the Vitamin D market over the projected period. The rising consumer awareness of the health advantages of vitamin D and the expanding health and wellness trend is the main factors driving the expansion of this market segment.
- By End-users, the children segment is set to develop at the highest CAGR during the forecasted timeframe. Vitamin D helps your child build strong bones and prevent rickets. Rickets is a condition of softening of the bones that can occur in growing children.
- The Asia Pacific region is expected to have the highest share of the Vitamin D market over the projected period. Due to the easy availability of raw products required to extract vitamin D such as milk and the rising disposable income of the population in the region.
Key Industry Development:
- In October 2022, Xtend, a Nutrabolt, expanded its product line of hydration & and recovery amino acids through the launch of its “Xtend Healthy Hydration Sticks”. It is an on-the-go type electrolyte supplement, which offers zero sugar hydration and is also a major source of vitamin D and B. The sticks are available in three different flavors including strawberry banana, lemon-lime, and raspberry lemonade.
- In April 2022, Abbott, a leading global healthcare product and services provider announced the launch of Arachitol Gummies in India, which is a type of dietary supplement that helps in maintaining required levels of vitamin D. As of now, the product is launched is orange flavor and are approved by Food Safety and Standards Authority in India. It’s a crucial step to fill the nutritional gaps and enhance the health of the human body.
Vitamin D Market Segmentation:
By Form
- Vitamin D2
- Vitamin D3
By Application
- Pharmaceuticals
- Fortified Food and Beverage
- Animal Feed
- Personal Care
By End Users
- Adults
- Pregnant women
- Children
For this report, Introspective Market Research has segmented the Vitamin D Market based on region:
Regional Outlook (Revenue in USD Million; Volume in Units, 2023-2030)
North America
- The U.S.
- Canada
- Mexico
Eastern Europe
- Russia
- Bulgaria
- The Czech Republic
- Hungary
- Poland
- Romania
- Rest of Eastern Europe
Western Europe
- Germany
- UK
- France
- Netherlands
- Italy
- Spain
- Rest of Western Europe
Asia Pacific
- China
- India
- Japan
- Singapore
- Australia
- New-Zealand
- Rest of APAC
Middle East & Africa
- Turkey
- Saudi Arabia
- Qatar
- UAE
- Israel
- South Africa
South America
- Brazil
- Argentina
- Rest of SA
