Global Vitamin D Market Statistics, Segment, Trends and Forecast to 2032

The Vitamin D Market is projected to reach $2.43 billion by 2030, at a CAGR of 7.1% during the forecast period 2023-2032

There are numerous significant vendors in the fiercely competitive vitamin D market. The two main differentiators in the industry are scientific research and formulae that have been clinically tested. Micronutrients like vitamins and minerals are thought to be present in inadequate amounts in more than one-third of the world's population. According to estimates, more than 1 billion individuals worldwide have low vitamin D levels, which are mostly caused by a poor diet and little sun exposure. A lot also depends on geographic, cultural, and demographic factors when determining vitamin D levels.

The need for vitamin D from the food and beverage industry, rising healthcare costs, rising disposable income, and an increase in the prevalence of diseases brought on by vitamin insufficiency are all contributing to the expansion of the vitamin D market in emerging nations. The market is being constrained by stringent laws and standards related to vitamin D. Also, the prevalence of vitamin D deficiency in many nations will generate plenty of prospects for market expansion.

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Vitamin D market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Vitamin D market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Vitamin D manufacturers, distributors, end users, industry associations, governments' industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Vitamin D market covering all its essential aspects.

Global Vitamin D Market: Segmentations

Global Vitamin D Market: By Key Players
Zhejiang Garden Biochemical High-Tech
Taizhou Hisound Chemical
Kingdomway
Zhejiang NHU Company
Royal DSM
BASF
Zhejiang Medicine
Fermenta

Vitamin 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.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.

In consumption market, the China market sales value for vitamin D is expected to reach 91 million USD in 2016. China is the major manufacturing and consumption market in the world. China is the largest production base of vitamin D. And the production share of vitamin D is responsible for 86.10% in the world in 2015. At present, in developed countries, the vitamin D industry is generally at a more advanced level. The top three manufacturers are Zhejiang Garden Biochemical High-tech, Taizhou Hisound Pharmaceutical, Kingdomway, respectively with global sales market share of 30.86%, 17.72% and 15.12% in 2015. The USA mainly rely on imports from foreign to buy the vitamin D product. The apparent consumption of USA is 1764 MT in 2015.

Vitamin D can be classified into three types: food grade vitamin D, feed grade vitamin D and pharmaceutical grade vitamin D. Survey results showed that 79.16% of the vitamin D market is feed grade, 13.49% is food grade and 7.35% is pharmaceutical grade in 2015. With the development of economy, these industries will need more vitamin D. So, vitamin D has a huge market potential in the future. The main raw material of vitamin D is NF grade cholesterol. Currently, on the global market, there are four companies can produce it, such as NK Chemicals, Nippon Fine Chemical, Dishman and Zhejiang Garden. Fluctuations in the price of the upstream product will impact on the production cost of vitamin D industry.

Global Vitamin D Market: By Types
Food Grade
Feed Grade
Medical Grade

Global Vitamin D Market: By Applications
Feed
Medical
Food

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Global Vitamin D Market: Regional Analysis
The countries covered in the regional analysis of the Global Vitamin D market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter's five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

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