Global Vitamin D Market: Trend Analysis for 2023-2030

Triton's report estimates the global vitamin D market, which garnered $1562.69 million in 2022, is expected to advance with a CAGR of 7.51% by 2030.

A recent study by Triton Market Research titled Global Vitamin D Market includes the Global Analysis and Forecasts by Usage (Personal Care, Functional Food and Beverages, Animal Feed and Pet Food, Pharmaceuticals), Formation (Dry, Liquid), Category (Vitamin D3, Vitamin D2), Consumer (Adults, Pregnant Women, Children), and Regional Outlook (Asia-Pacific, North America, Middle East and Africa, Latin America, Europe).

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Vitamin D assists in maintaining phosphate and serum calcium concentrations, inhibiting muscle contraction. It is widely used across F&B, animal feed, and pharmaceutical sectors.

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According to Triton's report analysis, the global vitamin D market is anticipated to witness revenue growth at a CAGR of 7.51% from 2023 to 2030.

With growing awareness about healthy and nutritious food, there is a high demand for vitamin-rich food products. Major dry vitamin D applications include functional food and beverages, animal feed, and pharmaceuticals. It is included in cereals, sports drinks, dairy products, etc. Besides this, there is high demand for fortified food products to boost nutrient levels. Vitamin D inclusion in the animal feed industry mainly enhances animal health and promotes well-being. Hence, the growing application of vitamin D and the fortification of food products drive the studied market on a growth path.

However, stringent regulations pertaining to food fortification, threats associated with high vitamin D intake, and lack of raw materials restrict the overall development of the vitamin D market.

The vitamin D market is broadly segmented into usage, formation, category, and consumer. The usage section includes personal care, functional food and beverages, animal feed and pet food, and pharmaceuticals. The formation section includes dry and liquid. Based on category, it is segmented into vitamin D3 and vitamin D2. Lastly, the consumer segment is branched into adults, pregnant women, and children.

The Asia-Pacific dictates the market globally. The region's dominance is mainly on account of the rising demand for functional food, nutricosmetics, and vitamin D deficiency. As per the UN Population Fund, the region's aged people population above 60 years is expected to triple by 2050. This will elevate the demand for various skincare solutions, including nutricosmetics. Nutricosmetics refers to and functional food products rich in various nutrients, such as vitamin D. It helps improve skin, hair, and nail conditions. Hence, as stated above, these factors fuel the studied market's growth to a large extent.

The notable companies in the vitamin D market include Dishman Carbogen Amcis Ltd, Newgen Pharma, Zhejiang Garden Biochemical High-Tech Co Ltd, Adisseo, BASF SE, LycoRed Ltd, Fermenta Biotech Limited, Vitablend, Synthesia a.s, and Koninklijke DSM NV.

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Question & Answer: Global Vitamin D Market

Question 1: What trends drive the vitamin D market on a growth path?
Answer: With growing awareness about healthy and nutritious food, there is a high demand for vitamin-rich food products. Major dry vitamin D applications include functional food and beverages, animal feed, and pharmaceuticals. It is included in cereals, sports drinks, dairy products, etc. Besides this, there is high demand for fortified food products to boost nutrient levels. Vitamin D inclusion in the animal feed industry mainly enhances animal health and promotes well-being. Hence, the growing application of vitamin D and the fortification of food products drive the studied market on a growth path.

Question 2: What factors restrict the development of the vitamin D market?
Answer: Stringent regulations pertaining to food fortification, threats associated with high vitamin D intake, and lack of raw materials restrict the overall development of the vitamin D market.

Question 3: Which region dictates the vitamin D market globally?
Answer: The Asia-Pacific dictates the market globally. The region's dominance is mainly on account of the rising demand for functional food, nutricosmetics, and vitamin D deficiency. As per the UN Population Fund, the region's aged people population above 60 years is expected to triple by 2050. This will elevate the demand for various skincare solutions, including nutricosmetics. Nutricosmetics refers to and functional food products rich in various nutrients, such as vitamin D. It helps improve skin, hair, and nail conditions. Hence, as stated above, these factors fuel the studied market's growth to a large extent.

Question 4: Which are the notable companies in the vitamin D market?
Answer: The notable companies in the vitamin D market include Dishman Carbogen Amcis Ltd, Newgen Pharma, Zhejiang Garden Biochemical High-Tech Co Ltd, Adisseo, BASF SE, LycoRed Ltd, Fermenta Biotech Limited, Vitablend, Synthesia a.s, and Koninklijke DSM NV.

Related Report:

Global Clinical Nutrition Market-
https://www.tritonmarketresearch.com/reports/clinical-nutrition-market

Factors such as the prevalence of malnutrition and chronic diseases elevate the demand for nutrition solutions, which supplements the global market's growth. Besides this, the growing aging population and rising use of nutrition products in developing nations create opportunities for the clinical nutrition market.

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