Vitamin D Market, global Surge Towards Solid Growth by 2024

A group of chemical ingredients or compounds required for the human body in order to uphold regular metabolic functions is called as vitamins. These are divided into A, B, C, D, E, and K based on the functions performed by them on human metabolism. Being a fat soluble, vitamin D is found in particular food products naturally; it can be mainly found in mushroom, fish, liver oil and egg yolk. Vitamin D is necessary for regular bone growth. It is also required for bone remodeling by osteoblasts and osteoclasts. Furthermore, it also aids in preventing osteoporosis and osteomalacia in adults and rickets in children.

Rising diseases as a result of vitamin D deficiency, increasing doctors’ recommendations, and child malnourishment are factors anticipated to propel the global vitamin D market growth. Furthermore, few regulatory standards implemented in order to prevent extreme use will further slow down the global market growth in some regions. Overdose may result in vomiting, appetite loss, nausea, headache, depression, and so on. Vitamin D absorbs phosphorus and calcium from intestinal tract; this is necessary for regular growth, teeth and bones development, defense against muscle weakness, appropriate thyroid functioning and blood clotting, and regulates heart. All these key factors are anticipated to boost the global market growth in the coming years.

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The global vitamin D market is segmented on the basis of analog, application, and end-user. Based on the analog, the global market is segmented as vitamin D2 and vitamin D3. On the basis of application, the global market is classified as pharmaceuticals, functional food & beverage, personal care, and feed & pet food, and others. Based on the end-user, the global vitamin D market is bifurcated as an adult, children, and pregnant women.

North America is anticipated to dominate the global vitamin D market. This growth is mainly due to the U.S. flourishing in the vitamin D market and is expected to continue this trend in the coming years. The majority of the population in the U.S. is vitamin D deficient; this has increased the demand for the ingredient in this region as deficiency causes diabetes, skin cancer, and heart diseases. Encouraging government policies, as well as growing consumer concerns for health, are factors expected to propel the regional growth. The global vitamin D market in Europe is mainly led by France, Germany, the UK, and Italy. This growth can be attributed to considerable profits owing to rising application scope in personal care and pharmaceutical industries, hence boosting the global market growth in this region. Asia Pacific region growth in the global market is driven by South Korea, India, China, and Japan.

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Global Vitamin D Market: Competitive Players

Major players in the global vitamin D market are Kraft Foods Group, BASF, Pfizer, Koninklijke DSM, Nestlé S.A., Synthesia, ADM Alliance Nutrition Inc., Abbott Laboratories, and Groupe Danone S.A.

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