Press release
Vitamin D market is projected to reach USD 334.5 million by 2028 from an estimated USD 168.6 million in 2022, at a CAGR of 12.1% during 2023 and 2028| Valuates Reports.
Vitamin DVitamin D is a steroid Vitamin; a group of fat-soluble prohormones that help maintain the balance of calcium in the body, important for normal growth and mineralization of bones and teeth. Extensive and ongoing research on Vitamin D has also brought to light new roles of this Vitamin in modulation of cell growth, neuromuscular and immune functions.
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There are two commercially used forms of vitamin D, vitamin D2 (ergocalciferol) and vitamin D3 (cholecalciferol). Both forms are used in nutritional supplements, where vitamin D3 prevails, whereas vitamin D2 finds greater use in pharmacies in the area of final dosage forms.
Global Vitamin D key players include Zhejiang Garden Biochemical High-Tech, Zhejiang NHU Company, Kingdomway, Taizhou Hisound Chemical, Royal DSM, etc. Global top five manufacturers hold a share over 80%.
Asia Pacific is the largest market, with a share over 35%, followed by North America and Europe, both have a share over 55%.
In terms of product, Feed Grade is the largest segment, with a share over 75%. And in terms of application, the largest application is Feed, followed by Food, Medicine, etc.
Report Scope
This report aims to provide a comprehensive presentation of the global market for Vitamin D, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyse their position in the current marketplace, and make informed business decisions regarding Vitamin D.
The Vitamin D market size, estimations, and forecasts are provided in terms of sales volume (Ton) and revenue ($ millions), considering 2021 as the base year, with history and forecast data for the period from 2017 to 2028. This report segments the global Vitamin D market comprehensively. Regional market sizes, concerning products by types, by application, and by players, are also provided. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
For a more in-depth understanding of the market, the report provides profiles of the competitive landscape, key competitors, and their respective market ranks. The report also discusses technological trends and new product developments.
The report will help the Vitamin D manufacturers, new entrants, and industry chain related companies in this market with information on the revenues, sales volume, and average price for the overall market and the sub-segments across the different segments, by company, product type, application, and regions.
Key Companies & Market Share Insights
In this section, the readers will gain an understanding of the key players competing. This report has studied the key growth strategies, such as innovative trends and developments, intensification of product portfolio, mergers and acquisitions, collaborations, new product innovation, and geographical expansion, undertaken by these participants to maintain their presence. Apart from business strategies, the study includes current developments and key financials. The readers will also get access to the data related to global revenue, price, and sales by manufacturers for the period 2017-2022. This all-inclusive report will certainly serve the clients to stay updated and make effective decisions in their businesses. Some of the prominent players reviewed in the research report include:
Company One
• Zhejiang Garden Biochemical High-Tech
• Taizhou Hisound Chemical
• Kingdomway
• Zhejiang NHU Company
• Royal DSM
• BASF
• Zhejiang Medicine
• Fermenta
Product Type Insights
Global markets are presented by Vitamin D type, along with growth forecasts through 2028. Estimates on sales and revenue are based on the price in the supply chain at which the Vitamin D are procured by the manufacturers.
This report has studied every segment and provided the market size using historical data. They have also talked about the growth opportunities that the segment may pose in the future. This study bestows sales and revenue data by type, and during the historical period (2017-2022) and forecast period (2023-2028).
Vitamin D Segment by Type
• Food Grade
• Feed Grade
• Medical Grade
Application Insights
This report has provided the market size (sales and revenue data) by application, during the historical period (2017-2022) and forecast period (2023-2028).
This report also outlines the market trends of each segment and consumer behaviors impacting the Vitamin D market and what implications these may have on the industry's future. This report can help to understand the relevant market and consumer trends that are driving the Vitamin D market.
Vitamin D Segment By Application
• Feed
• Medical
• Food
Regional Outlook
This section of the report provides key insights regarding various regions and the key players operating in each region. Economic, social, environmental, technological, and political factors have been taken into consideration while assessing the growth of the particular region/country. The readers will also get their hands on the revenue and sales data of each region and country for the period 2017-2028.
The market has been segmented into various major geographies, including North America, Europe, Asia-Pacific, South America, Middle East & Africa. Detailed analysis of major countries such as the USA, Germany, the U.K., Italy, France, China, Japan, South Korea, Southeast Asia, and India will be covered within the regional segment. For market estimates, data are going to be provided for 2021 because of the base year, with estimates for 2022 and forecast revenue for 2028.
• North America
• United States
• Canada
• Europe
• Germany
• France
• UK.
• Italy
• Russia
• Nordic Countries
• Benelux
• Rest of Europe
• Asia-Pacific
• China
• Japan
• South Korea
• India
• Southeast Asia
• Australia
• Rest of Asia-Pacific
• Latin America
• Mexico
• Brazil
• Argentina
• Rest of Latin America
• Middle East & Africa
• Turkey
• Saudi Arabia
• UAE
• Rest of Middle East & Africa
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Key Drivers & Barriers
High-impact rendering factors and drivers have been studied in this report to aid the readers to understand the general development. Moreover, the report includes restraints and challenges that may act as stumbling blocks on the way of the players. This will assist the users to be attentive and make informed decisions related to business. Specialists have also laid their focus on upcoming business prospects.
COVID-19 and Russia-Ukraine War Influence Analysis
The readers in the section will understand how the Vitamin D market scenario changed across the globe during the pandemic, post-pandemic and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transportation, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come.
Reasons To Buy This Report
• This report will help the readers to understand the competition within the industries and strategies for the competitive environment to enhance the potential profit. The report also focuses on the competitive landscape of the global Vitamin D market, and introduces in detail the market share, industry ranking, competitor ecosystem, market performance, new product development, operation situation, expansion, and acquisition. etc. of the main players, which helps the readers to identify the main competitors and deeply understand the competition pattern of the market.
• This report will help stakeholders to understand the global industry status and trends of Vitamin D and provides them with information on key market drivers, restraints, challenges, and opportunities.
• This report will help stakeholders to understand competitors better and gain more insights to strengthen their position in their businesses. The competitive landscape section includes the market share and rank (in volume and value), competitor ecosystem, new product development, expansion, and acquisition.
• This report stays updated with novel technology integration, features, and the latest developments in the market
• This report helps stakeholders to understand the COVID-19 and Russia-Ukraine War Influence on the Vitamin D industry.
• This report helps stakeholders to gain insights into which regions to target globally
• This report helps stakeholders to gain insights into the end-user perception concerning the adoption of Vitamin D
• This report helps stakeholders to identify some of the key players in the market and understand their valuable contribution
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