Vitamin D Market Share and Growth (2021-2031)
The Vitamin D Market is expected to register a CAGR of 6.8% from 2023 to 2031, with a market size expanding from US$ XX million in 2023 to US$ XX Million by 2031.
The report is segmented by Type (Vitamin D2, Vitamin D3). Futher, it is segmented based on End Use (Food Industry, Pharmaceuticals Industry, Feed Industry). The global analysis is further broken-down at regional level and major countries. The report offers the value in USD for the above analysis and segments.
Purpose of the ReportThe report Vitamin D Market by The Insight Partners aims to describe the present landscape and future growth, top driving factors, challenges, and opportunities. This will provide insights to various business stakeholders, such as:
- Technology Providers/Manufacturers: To understand the evolving market dynamics and know the potential growth opportunities, enabling them to make informed strategic decisions.
- Investors: To conduct a comprehensive trend analysis regarding the market growth rate, market financial projections, and opportunities that exist across the value chain.
- Regulatory bodies: To regulate policies and police activities in the market with the aim of minimizing abuse, preserving investor trust and confidence, and upholding the integrity and stability of the market.
Vitamin D Market Segmentation
Type- Vitamin D2
- Vitamin D3
- Food Industry
- Pharmaceuticals Industry
- Feed Industry
Strategic Insights
Vitamin D Market Growth Drivers- Rising Prevalence of Vitamin D Deficiency: The rising cases of vitamin D deficiency in sunlit regions and with changes in consumption habits in people characterize the major trends that lead to the increased demand for vitamin D supplements and fortified foods.
- Concerning Bone Health in the Aging Population: The population growing older is more vulnerable to vitamin D deficiency as it may lead to conditions such as osteoporosis and increased risk of falls and fractures, leading to necessity for vitamin D supplementation to maintain bone health.
- Preventive Healthcare Approach: In prevention of chronic diseases and boosting overall well-being, the shift towards preventive healthcare and recognition of vitamin D's role in supporting immune function have been driving factors behind the market's growth.
- Diversification of Delivery Formats: Manufacturers are now coming out with an entire line of vitamin D products in such varied product delivery formats as traditional tablets and capsules, gummies, sprays, and even powders to attain better acceptance from customers.
- Targeted Formulations: There is an increasing trend for formulation of products that are targeted towards special population groups, including children, pregnant women, and older adults, due to their need for a distinct nutritional profile and specific deficiency prevention.
- Clean Label and Sustainability Initiatives: More consumers seek vitamin D products with clean, transparent, and sustainable ingredients, prompting manufacturers to become green and choose natural, plant-based sources of vitamin D instead.
- Growth Area-Pediatric and Maternal Health: Vitamin D manufacturing companies could identify and exploit this area with relevant products tailored for the needs and requirements of the pediatric and maternal population in the form of bone development and immune support.
- Personalized Nutrition Solutions: Personalized nutrition and customizing vitamin D supplementation according to patient-specific factors such as genetic makeup, lifestyle, or deficiency level are potential areas for market growth and better health.
- Combination Supplements: Developing combination products that integrate vitamin D with other necessary nutrients such as calcium, magnesium, or omega-3 can offer an integrated solution to multiple nutritional deficiencies and better health overall.
Market Report Scope
Key Selling Points
- Comprehensive Coverage: The report comprehensively covers the analysis of products, services, types, and end users of the Vitamin D Market, providing a holistic landscape.
- Expert Analysis: The report is compiled based on the in-depth understanding of industry experts and analysts.
- Up-to-date Information: The report assures business relevance due to its coverage of recent information and data trends.
- Customization Options: This report can be customized to cater to specific client requirements and suit the business strategies aptly.
The research report on the Vitamin D Market can, therefore, help spearhead the trail of decoding and understanding the industry scenario and growth prospects. Although there can be a few valid concerns, the overall benefits of this report tend to outweigh the disadvantages.
REGIONAL FRAMEWORK
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Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
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to country scope.
Frequently Asked Questions
The major factors driving the vitamin D market are:
1. Rising Prevalence of Vitamin D Deficiency.
2. Concerning Bone Health in the Aging Population.
The vitamin D market is expected to grow at a CAGR of 6.8%.
North America region accounts for highest revenue share in vitamin D market.
The final report will duly include market size and projection estimates for all the segments from 2021 to 2031, along with a revenue share and compound annual growth rate (%) for the regional/country-wise market wherein 2021-2022 are the historic years, 2023 is considered to be the base year, and the forecast will be provided till 2031, along with CAGR (%).
Zhejiang Garden Biochemical High-tech, DSM, and BASF are the major companies operating in the vitamin D market.
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023 - 2031).
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Vitamin D Powder Market - By Type
1.3.2 Vitamin D Powder Market - By End Use
1.3.3 Vitamin D Powder Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. VITAMIN D POWDER MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. VITAMIN D POWDER MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. VITAMIN D POWDER MARKET - GLOBAL MARKET ANALYSIS
6.1. VITAMIN D POWDER - GLOBAL MARKET OVERVIEW
6.2. VITAMIN D POWDER - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. VITAMIN D POWDER MARKET - REVENUE AND FORECASTS TO 2028 - TYPE
7.1. OVERVIEW
7.2. TYPE MARKET FORECASTS AND ANALYSIS
7.3. VITAMIN D2
7.3.1. Overview
7.3.2. Vitamin D2 Market Forecast and Analysis
7.4. VITAMIN D3
7.4.1. Overview
7.4.2. Vitamin D3 Market Forecast and Analysis
8. VITAMIN D POWDER MARKET - REVENUE AND FORECASTS TO 2028 - END USE
8.1. OVERVIEW
8.2. END USE MARKET FORECASTS AND ANALYSIS
8.3. FOOD INDUSTRY
8.3.1. Overview
8.3.2. Food Industry Market Forecast and Analysis
8.4. PHARMACEUTICALS INDUSTRY
8.4.1. Overview
8.4.2. Pharmaceuticals Industry Market Forecast and Analysis
8.5. FEED INDUSTRY
8.5.1. Overview
8.5.2. Feed Industry Market Forecast and Analysis
9. VITAMIN D POWDER MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Vitamin D Powder Market Overview
9.1.2 North America Vitamin D Powder Market Forecasts and Analysis
9.1.3 North America Vitamin D Powder Market Forecasts and Analysis - By Type
9.1.4 North America Vitamin D Powder Market Forecasts and Analysis - By End Use
9.1.5 North America Vitamin D Powder Market Forecasts and Analysis - By Countries
9.1.5.1 United States Vitamin D Powder Market
9.1.5.1.1 United States Vitamin D Powder Market by Type
9.1.5.1.2 United States Vitamin D Powder Market by End Use
9.1.5.2 Canada Vitamin D Powder Market
9.1.5.2.1 Canada Vitamin D Powder Market by Type
9.1.5.2.2 Canada Vitamin D Powder Market by End Use
9.1.5.3 Mexico Vitamin D Powder Market
9.1.5.3.1 Mexico Vitamin D Powder Market by Type
9.1.5.3.2 Mexico Vitamin D Powder Market by End Use
9.2. EUROPE
9.2.1 Europe Vitamin D Powder Market Overview
9.2.2 Europe Vitamin D Powder Market Forecasts and Analysis
9.2.3 Europe Vitamin D Powder Market Forecasts and Analysis - By Type
9.2.4 Europe Vitamin D Powder Market Forecasts and Analysis - By End Use
9.2.5 Europe Vitamin D Powder Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Vitamin D Powder Market
9.2.5.1.1 Germany Vitamin D Powder Market by Type
9.2.5.1.2 Germany Vitamin D Powder Market by End Use
9.2.5.2 France Vitamin D Powder Market
9.2.5.2.1 France Vitamin D Powder Market by Type
9.2.5.2.2 France Vitamin D Powder Market by End Use
9.2.5.3 Italy Vitamin D Powder Market
9.2.5.3.1 Italy Vitamin D Powder Market by Type
9.2.5.3.2 Italy Vitamin D Powder Market by End Use
9.2.5.4 Spain Vitamin D Powder Market
9.2.5.4.1 Spain Vitamin D Powder Market by Type
9.2.5.4.2 Spain Vitamin D Powder Market by End Use
9.2.5.5 United Kingdom Vitamin D Powder Market
9.2.5.5.1 United Kingdom Vitamin D Powder Market by Type
9.2.5.5.2 United Kingdom Vitamin D Powder Market by End Use
9.2.5.6 Rest of Europe Vitamin D Powder Market
9.2.5.6.1 Rest of Europe Vitamin D Powder Market by Type
9.2.5.6.2 Rest of Europe Vitamin D Powder Market by End Use
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Vitamin D Powder Market Overview
9.3.2 Asia-Pacific Vitamin D Powder Market Forecasts and Analysis
9.3.3 Asia-Pacific Vitamin D Powder Market Forecasts and Analysis - By Type
9.3.4 Asia-Pacific Vitamin D Powder Market Forecasts and Analysis - By End Use
9.3.5 Asia-Pacific Vitamin D Powder Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Vitamin D Powder Market
9.3.5.1.1 Australia Vitamin D Powder Market by Type
9.3.5.1.2 Australia Vitamin D Powder Market by End Use
9.3.5.2 China Vitamin D Powder Market
9.3.5.2.1 China Vitamin D Powder Market by Type
9.3.5.2.2 China Vitamin D Powder Market by End Use
9.3.5.3 India Vitamin D Powder Market
9.3.5.3.1 India Vitamin D Powder Market by Type
9.3.5.3.2 India Vitamin D Powder Market by End Use
9.3.5.4 Japan Vitamin D Powder Market
9.3.5.4.1 Japan Vitamin D Powder Market by Type
9.3.5.4.2 Japan Vitamin D Powder Market by End Use
9.3.5.5 South Korea Vitamin D Powder Market
9.3.5.5.1 South Korea Vitamin D Powder Market by Type
9.3.5.5.2 South Korea Vitamin D Powder Market by End Use
9.3.5.6 Rest of Asia-Pacific Vitamin D Powder Market
9.3.5.6.1 Rest of Asia-Pacific Vitamin D Powder Market by Type
9.3.5.6.2 Rest of Asia-Pacific Vitamin D Powder Market by End Use
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Vitamin D Powder Market Overview
9.4.2 Middle East and Africa Vitamin D Powder Market Forecasts and Analysis
9.4.3 Middle East and Africa Vitamin D Powder Market Forecasts and Analysis - By Type
9.4.4 Middle East and Africa Vitamin D Powder Market Forecasts and Analysis - By End Use
9.4.5 Middle East and Africa Vitamin D Powder Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Vitamin D Powder Market
9.4.5.1.1 South Africa Vitamin D Powder Market by Type
9.4.5.1.2 South Africa Vitamin D Powder Market by End Use
9.4.5.2 Saudi Arabia Vitamin D Powder Market
9.4.5.2.1 Saudi Arabia Vitamin D Powder Market by Type
9.4.5.2.2 Saudi Arabia Vitamin D Powder Market by End Use
9.4.5.3 U.A.E Vitamin D Powder Market
9.4.5.3.1 U.A.E Vitamin D Powder Market by Type
9.4.5.3.2 U.A.E Vitamin D Powder Market by End Use
9.4.5.4 Rest of Middle East and Africa Vitamin D Powder Market
9.4.5.4.1 Rest of Middle East and Africa Vitamin D Powder Market by Type
9.4.5.4.2 Rest of Middle East and Africa Vitamin D Powder Market by End Use
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Vitamin D Powder Market Overview
9.5.2 South and Central America Vitamin D Powder Market Forecasts and Analysis
9.5.3 South and Central America Vitamin D Powder Market Forecasts and Analysis - By Type
9.5.4 South and Central America Vitamin D Powder Market Forecasts and Analysis - By End Use
9.5.5 South and Central America Vitamin D Powder Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Vitamin D Powder Market
9.5.5.1.1 Brazil Vitamin D Powder Market by Type
9.5.5.1.2 Brazil Vitamin D Powder Market by End Use
9.5.5.2 Argentina Vitamin D Powder Market
9.5.5.2.1 Argentina Vitamin D Powder Market by Type
9.5.5.2.2 Argentina Vitamin D Powder Market by End Use
9.5.5.3 Rest of South and Central America Vitamin D Powder Market
9.5.5.3.1 Rest of South and Central America Vitamin D Powder Market by Type
9.5.5.3.2 Rest of South and Central America Vitamin D Powder Market by End Use
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL VITAMIN D POWDER MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Middle East and Africa
10.5 South and Central America
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. VITAMIN D POWDER MARKET, KEY COMPANY PROFILES
12.1. ZHEJIANG GARDEN BIOCHEMICAL HIGH-TECH
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. TAIZHOU HISOUND PHARMACEUTICAL
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. KINGDOMWAY
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. NHU
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. DSM
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. BASF
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ZHEJIANG MEDICINE
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. FERMENTA
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. DIVI'S NUTRACEUTICALS
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. AIE PHARMACEUTICALS
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Zhejiang Garden Biochemical High-tech
2. Taizhou Hisound Pharmaceutical
3. Kingdomway
4. NHU
5. DSM
6. BASF
7. Zhejiang Medicine
8. Fermenta
9. Divi's Nutraceuticals
10. AIE Pharmaceuticals
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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