"Market Intelligence that Adds Flavour to Your Success"

Vitamin D Market Size, Share & Industry Analysis, By Type (Vitamin D2, Vitamin D3), By Application (Fortified/Functional Food and Beverages, Pharmaceuticals, Animal Feed, Personal Care)and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI102482 | Status : Ongoing

 

KEY MARKET INSIGHTS

The majority of the population worldwide is facing vitamin D deficiency due to lack of balanced diet and less exposure to sunlight. The human body acquires vitamin D through proper diet, through the skin, and in the form of supplements. Sunlight exposure triggers vitamin D synthesis in the body but too much exposure to sunlight can cause cancer due to ultraviolet rays. Furthermore, other than sunlight, there are very limited sources of vitamin D to fulfill the recommended dietary allowance of vitamin D.


The growing awareness among consumers about the benefits associated with vitamin D consumption is expected to drive the global vitamin D market. Vitamin D is necessarily required for the prevention of disorders such as neurogenerative disease, cardiovascular disease, cancer, and others. The various government organizations are taking initiatives to combat vitamin D deficiency all over the world. For instance, in April 2018, Food Safety and Standards Authority of India (FSSAI) launched ‘Project Dhoop' to ensure maximum absorption of Vitamin D in students through natural sunlight.

Up Arrow

Key Market Driver -

Prevalence of Vitamin D Deficiency

Down Arrow

Key Market Restraint -

Stringent Regulation on Fortified Foods


Vitamin D is essential for musculoskeletal health in all age groups. Deficiency of vitamin D can cause rickets in children and osteoporosis in adults. Rising prevalence of the aforementioned conditions is leading to increased doctor recommendations for consumption of vitamin D, which is further expected to drive the global vitamin D market. The rising awareness about preventive healthcare measures to supplement bone and joint health is expected to drive the global vitamin D market. The deficiency of vitamin D is becoming more prevalent in all age groups which means the consumer base for vitamin D supplements is projected to enlarge. The prominent vitamin D market players are focused on research and development to come up with new and innovative product launches containing vitamin D in it. For instance, in January 2017, Asda Stores Ltd., a British supermarket chain launched Vitamin-D fortified fresh milk.

The stringent regulation on food fortification is expected to act as a restraint for the growth of the global vitamin D market. In December 2019, Taiwan Food and Drug Administration (FDA) introduced new laws for vitamin and mineral supplements, that nutritional labels on the product should include its title, total number of servings per package, serving amount, daily reference value percentage, vitamin, and mineral content.

Key Players Covered:



  • Zhejiang Garden Biochemical High-Tech Co. Ltd

  • BASF

  • Koninklijke DSM NV

  • Taizhou Hisound Pharmaceutical Co. Ltd.

  • Xiamen Kingdomway Vitamin Incorporation

  • Zhejiang Medicine Co. Ltd.

  • Zhejiang Garden Biochemical High-Tech Co. Ltd.

  • Dishman Group (India)

  • Synthesia A.S.

  • ADM Alliance Nutrition Inc.


The two major forms of vitamin D are vitamin D2 (ergocalciferol) and vitamin D3 (cholecalciferol). The vitamin D2 segment is anticipated to witness a significant growth in the global vitamin D market as the human body cannot synthesize vitamin D2 itself. The use of Sunscreen, protective clothing, limited exposure to sunlight, dark skin, and age may prevent getting enough vitamin D3 from the sun which will increase the demand for vitamin D3 supplements in the foreseeable years.

A considerable proportion of vitamin D is lost during food processing and storage due to environmental conditions such as temperature, oxygen, pH, and others due to which the demand for vitamin D fortified food & supplements is expected to increase. World Health Organization (WHO) announced fortification as the most efficient and safest method to address micronutrient malnutrition. Vitamin D is also widely used in pharmaceutical industry due to rising number of diseases caused by vitamin D deficiency. The prominent companies operating in the vitamin D industry are focused on the research and development to innovate and launch novel products. For instance, in June 2019, Grofers, an online grocery company, launched a new G-Fresh Milk fortified with Vitamin A and D.

Regional Analysis


The vitamin D supplements are gaining immense popularity among North American consumers due to awareness regarding vitamin D consumption benefits. The lengthy indoor working hours are the primary reason for less sunlight exposure which will lead to vitamin D deficiency. The presence of a well-established market and high standard of living are expected to drive the demand for vitamin D enriched food products in North America. In colder seasons, due to less sun exposure body cannot synthesize the vitamin D of its own and hence consumption of dietary supplements fortified with vitamin D get increased in this region.

To gain extensive insights into the market, Request for Customization


Asia Pacific is expected to witness sturdy growth in the vitamin D market. The easy availability of raw products such as milk in this region is expected to drive the vitamin D market in this region. For instance, in November 2019, Himachal Pradesh (India) Chief Minister launched fortified milk of MILKFED with Vitamin A and D. The Middle East and Africa are expected to witness sturdy growth in vitamin D industry due to different latitude, climate and skin pigmentation.

Vitamin D Market Segmentation Analysis






















 ATTRIBUTE

 DETAILS

By Type



  • Vitamin D2

  • Vitamin D3



By Application



  • Fortified/Functional Food and Beverages

  • Pharmaceuticals

  • Animal Feed

  • Personal Care



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (France, Germany, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments:



  • In September 2019, Mother Dairy Calcutta launched Vitamin A and D enriched milk. The milk is being sold under Maa Shakti brand.

  • In March 2019, Thorne Research Inc. U.S. launched At-Home Health Tests for Vitamin D.





  • Ongoing
  • 2023
  • 2019-2022
  • Pre Book
Multi-report Purchase Plan
    A Customized Plan Will be Created Based on the number of reports you wish to purchase
Food & Beverages Clients
RMIT
Ferrero
Samyang
Mckinsey
Health Canada
Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X