Press release
Vitamin D Market Poised to Reach $2.43 Billion by 2030, Reveals Meticulous Research
Meticulous Research®, a globally renowned market research enterprise, has released its latest report titled 'Vitamin D Market by Analog (Vitamin D3, Vitamin D2), Source (Plant-sourced, Animal-sourced), Form (Dry, Liquid), Application (Pharmaceuticals, Food & Beverages, Feed & Pet Food, Personal Care) - Global Forecast to 2030.'
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According to the findings of this report, the vitamin D market is poised to achieve a valuation of $2.43 billion by 2030, exhibiting a robust CAGR of 7.1% from 2023 to 2030. This growth trajectory is underpinned by several factors, including the escalating demand for vitamins for fortification or enrichment across various sectors such as food & beverages, pharmaceuticals, and personal care. Additionally, the rising prevalence of vitamin D deficiency and the burgeoning health and wellness trend further drive market expansion. However, stringent regulatory standards pertaining to fortification may pose challenges to market growth.
Market Segmentation and Analysis
The report segments the vitamin D market based on analog, source, form, and application, providing a comprehensive overview for industry stakeholders. Notably, the vitamin D3 segment is anticipated to dominate the market in 2023 due to its numerous applications and increasing incidence of rheumatoid arthritis and other bone-related disorders.
To gain more insights into the market with a detailed table of content and figures, click here: https://www.meticulousresearch.com/product/vitamin-d-market-5441
Geographic Insights
A detailed analysis of major geographies including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa is provided in the report. In 2023, Asia-Pacific is expected to command the largest share of the vitamin D market, attributed to the presence of key manufacturers, growing demand for functional food ingredients, and rising prevalence of chronic disorders. For instance, Malaysia, with its high prevalence of diabetes mellitus, exhibits significant demand for vitamin D.
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Key Players
Leading players in the vitamin D market include BASF SE, Dishman Carbogen Amcis Ltd, Divi's Laboratories Ltd., Fermenta Biotech Limited, Koninklijke DSM N.V., Lycored Corp., NewGen Pharma Inc., Synthesia a.s., Taizhou Hisound Pharmaceutical Co., Ltd., Zhejiang Garden Biochemical High-tech Co., LTD, and Zhejiang Medicine Co., Ltd.
Empowering Informed Decision-Making
The comprehensive insights provided by Meticulous Research® empower industry stakeholders to make informed decisions and strategic choices, enabling them to capitalize on emerging opportunities and navigate challenges effectively.
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