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Vitamin D Market (Analog - Vitamin D2, and Vitamin D3; Form - Dry, and Liquid; Application - Functional Food & Beverage, Personal Care, Pharma, and Other Applications): Global Industry Analysis, Trends, Size, Share and Forecasts to 2026

  • Published : August, 2020

  • Rep Id : HC0863

  • Category : Healthcare & Medical Devices

  • Status : Published

A recent report published by Infinium Global Research on vitamin d market provides in-depth analysis of segments and sub-segments in the global as well as regional vitamin d market. The study also highlights the impact of drivers, restraints, and macro indicators on the global and regional vitamin d market over the short term as well as long term. The report is a comprehensive presentation of trends, forecasts, and dollar values of the global vitamin d market. According to the report, the global vitamin d market is projected to grow at a CAGR of 6.8% over the forecast period of 2020-2026.

 

Market Insight

Vitamin D supplements are gaining popularity due to immune function benefits​. It is studied to modulate the innate and adaptive immune responses. Most recently, Vitamin D has gained an upsurge in demand during the outbreak of COVID-19. A study published by the Irish Medical Journal also suggests that vitamin D can support the immune system through a number of immune pathways involved in fighting SARS2COV and many recent studies confirm the pivotal role of vitamin D in viral infections. A notable trend observed in the market is that the consumers are becoming health conscious and are buying supplements that helped improve immune health during the pandemic. Additionally, Japan brand FANCL also revealed that Vitamin D was a best-selling supplement in April 2020, with sales growing 218% compared to 2019.

 

The increasing inclination towards dietary supplements across the globe is on the rise tremendously owing to the increasing lifestyle-related diseases that are likely to have a positive impact on the growth of the global vitamin D market over the forecast period. Further, increasing application in protective clothing, limited exposure to sunlight, dark skin propels the use of vitamin D.   Moreover, the growth in incidences of osteoporosis and osteomalacia and increasing cases and malnourishment in children is also contributing to the market growth. In addition to that, increasing awareness of several diseases caused by vitamin D deficiency are some factors anticipated to boost the global market. Going further, the rising fitness trends and sports activities eventually expand the sales of sports nutrition is also propelling the global vitamin D market growth.  However, few regulatory standards on the use of vitamin D are expected to hamper the growth of the global Vitamin D market over the forecast period. The key players operating in this market focusing on new product launches create growth opportunities for the global vitamin D market in the coming years.

 

Among the region, the global Vitamin D market is segmented into North America, Europe, Asia Pacific, and RoW. North America dominated the global vitamin D market over the forecast period. This growth is mainly due to the U.S. flourishing in the vitamin D market. The factors such as increasing bone and skin-related incidence, a high incidence of vitamin D insufficiency, and the rising trend of veganism drive the growth of the North America Vitamin D market. On the other hand, the Asia Pacific region is accepted to grow at the highest CAGR in the forecast period.  The high cases of rickets in China and is a result of poor vitamin D consumption. That, in turn, drives the growth of Vitamin D in the Asia Pacific region. Furthermore, increasing demand for nutritional & healthy products driving the market growth.  The growing demand from end-use industries such as pharmaceutical, functional food, and feed industries in developing countries such as China and India witnessing a huge demand for vitamin D.

 

Segment Covered

The report on the global vitamin d market covers segments such as analog, form, and application. On the basis of analog, the sub-markets include vitamin d2 and vitamin d3. On the basis of form, the sub-markets include dry, and liquid. On the basis of application, the sub-markets include functional food & beverage, personal care, pharma, and other applications.

 

Companies Profiled:

The report provides profiles of the companies in the market such as Mckinley Resources Inc, New Gen Pharma Inc, Kingdom Nutrition Inc., Sichuan Neijiang Huixin Pharmaceutical Co Ltd, Hangzhou Think Chemical Co Ltd, Taizhou Haisheng Chemical Industry Limited Company, Dishman Group, Fermenta Biotech Limited, Zhejiang Xinhecheng Company Limited, and Zhejiang Garden Bio.

 

Report Highlights:

The report provides deep insights into the demand forecasts, market trends, and micro and macro indicators. In addition, this report provides insights into the factors that are driving and restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis given in the report brings an insight into the investment areas that existing or new market players can consider. The report provides insights into the market using analytical tools such as Porter's five forces analysis and DRO analysis of vitamin d market. Moreover, the study highlights current market trends and provides forecast from 2020-2026. We also have highlighted future trends in the market that will affect the demand during the forecast period. Moreover, the competitive analysis given in each regional market brings an insight into the market share of the leading players.


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