Vitamin D Market Size Was Valued at USD 1442.11 Million in 2023 and is Projected to Reach USD 2718.92 Million by 2032, Growing at a CAGR of 7.3% From 2024-2032.
Phosphorus in the body to keep bones healthy. Vitamin D is found in only a few naturally occurring foods. There are different forms of vitamin D, the most important of which are ergocalciferol (vitamin D2), and cholecalciferol (vitamin D3). Vitamin D is found in foods such as fish, eggs and milk. Vitamin D is also produced and stored in a person’s skin due to continuous exposure to sunlight. They are stored in fat and released in the absence of sunlight.
Vitamin D deficiency due to the lack of vitamin D in only a few foods in the daily diet. Thus, vitamin D supplements are commonly used to treat and prevent this vitamin D deficiency. People who don’t get enough sun and people over the age of 60 are at risk for vitamin D deficiency. Vitamin D supplements are also used for weak and brittle bones, heart disease, asthma, etc. The number of people who face vitamin D deficiency due to lack of balanced diet and limited exposure to sunlight has such a global problem and the supplementation of fortified foods through external consumption of vitamin D is inevitable.
Vitamin D Market Top Key Players:
Abbott (US), Pfizer Inc. (US), Merck & Co., Inc. (US), Sanofi (US), GlaxoSmithKline plc (UK), Novartis International AG (Switzerland), Torrent Pharmaceuticals Ltd. (India), Sun Pharmaceutical Industries Ltd. (India), Alkem Laboratories Ltd. (India), Cadila Healthcare Ltd. (India), DSM (Netherlands), BASF SE (Germany), Fermenta Biotech Limited (India), Zhejiang Garden Biochemical High-tech Co., Ltd (China), Dishman Group (India), Taizhou Haisheng Pharmaceutical Co., Ltd. (China), Zhejiang Medicine Co., Ltd. (China), PHW Group (Germany), Bio-Tech Pharmacal (US), Divi's Nutraceuticals (India), And Other Major Players.
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Market Trend Analysis:
Increasing preference for fortified food among consumers:
In recent years, not only health conscious consumers are looking for foods that are not only rich in nutrients but also those that provide essential health ingredients, the demand for foods fortified with healthy ingredients and functional foods greater to prevent possible diseases and improve physical and psychological well-being has shown that consumers prefer prevention to treatment.
Increase in Demand for Feed Fortification:
The livestock industry is rapidly evolving to meet the growing global demand for affordable livestock products. As a result of this increased awareness, consumers place more importance on the texture, color and taste of meat and meat products. According to the U.S. Per capita consumption of red meat and poultry in the United States reached 216.9 pounds/person in 2017, up 8.1 pounds/person since 2010, and is expected to reach 222.2 pounds/person in 2018, according to the Department of Agriculture.
Market Segments:
By Form:
· Vitamin D2
· Vitamin D3
By Application:
· Pharmaceuticals
· Fortified Food and Beverage
· Animal Feed
· Personal Care
By End User:
· Adults
· Pregnant women
· Children
By Region:
· North America (U.S., Canada, Mexico)
· Eastern Europe (Bulgaria, The Czech Republic, Hungary, Poland, Romania, Rest of Eastern Europe)
· Western Europe (Germany, UK, France, Netherlands, Italy, Russia, Spain, Rest of Western Europe)
· Asia Pacific (China, India, Japan, South Korea, Malaysia, Thailand, Vietnam, The Philippines, Australia, New Zealand, Rest of APAC)
· Middle East & Africa (Turkey, Bahrain, Kuwait, Saudi Arabia, Qatar, UAE, Israel, South Africa)
· South America (Brazil, Argentina, Rest of SA)
Regional Analysis:
Asia Pacific region dominated the global vitamin D market by holding the lion share in terms of market revenue and the region is predicted to continue to dominate during the forecast period Asia Pacific belongs to countries like China as China Pharmaceutical Industry Association (CPIA). ) and the China Food Industry Association (CFIA), accounting for about 70.9% of total vitamin production, is considered the largest producer, consumer and exporter of vitamin D worldwide. , all of this is due to the need for raw materials for vitamin D extraction such as milk and the rising disposable income of people in the region.
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