Global Vitamin D Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are rising enormously across the globe. The body as a response to sun exposure produces Vitamin D, also known as the sunshine vitamin. It is a fat-soluble vitamin, which is naturally present in very few foods and available as a dietary supplement. It is actually a pro-hormone rather than a vitamin. Moreover, it is also produced when UV rays from sunlight strike the skin and activate vitamin D synthesis.
Vitamin D is necessary for maintaining healthy bones and teeth, protect against disorders like cancer, type 1 diabetes, and multiple sclerosis. The sun, supplements, and food are the major source of vitamin D and these are biologically inert and should undergo two hydroxylations in the body for activation. Vitamin D Market is segmented based on analog, test type, applications, end users, and region.
Analog such as Vitamin D3 and Vitamin D2 classify Vitamin D Market. Test types such as 1, 25-Dihydroxy Vitamin D Test, 25-Hydroxy Vitamin D Test, and others classify market. 25-Hydroxy Vitamin D Test segment accounts for the largest market share of Vitamin D Market and is estimated to lead the overall market in the years to come. This is mainly due to the ability of the test to detect bone malfunctions, the availability of various products, and recent commercialization.
Applications into Personal Care, Functional Food & Beverages, Animal Feed & Food, Pharmaceuticals, and others classify Vitamin D Market. Functional food & beverages segment accounts for the largest market share of industry and is estimated to lead the overall market in the years to come. This is mainly due to the rising application of vitamin D in functional food & beverages like milk, cheese, and yogurt. End users such as Pregnant Women, Children, and Adults classify Vitamin D Industry.
Vitamin D Market is segmented geographically Americas (North America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin America, Middle East and Africa. Globally, North America accounts for the largest market share of Vitamin D Market and is estimated to lead the overall market in the upcoming years. The reason being, the presence of key players in the region, high awareness about regular screening, and accessibility of various commercialized products in the region. Europe and Asia Pacific follow suit.
On the other hand, Asia Pacific is estimated to grow at fastest pace in the years to come. The reason being, rising demand in developing countries like India, commercialization of tests in China and Japan, and rising spending on healthcare. The key players of Vitamin D Market are ADM Alliance Nutrition, Inc., Nestlé S.A., Koninklijke DSM N.V., BASF, and Pfizer Inc. These players are concentrating on inorganic growth to sustain themselves amongst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.
Geographically, this report split global into several key Regions, with sales (K MT), revenue (Million USD), market share and growth rate of Vitamin D for these regions, from 2012 to 2022 (forecast), covering
• United States
• Southeast Asia
Global Vitamin D market competition by top manufacturers/players, with Vitamin D sales volume, Price (USD/MT), revenue (Million USD) and market share for each manufacturer/player; the top players including
• Zhejiang Garden Biochemical High-tech
• Taizhou Hisound Pharmaceutical
• Zhejiang Medicine
• Sichuan Huixin Pharmaceutical
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
• Feed Grade
• Pharmaceutical Grade
• Food Grade
On the basis on the end users/applications, this report focuses on the status and outlook for major applications/end users, sales volume, market share and growth rate for each application, including
• Feed Industry
• Medicine Industry
• Food Industry
Research Support Specialist, USA