Vitamin D Market Size to Reach Revenues of over USD 2 Billion by 2026 - Arizton

News provided by

Jan 21, 2021, 12:00 ET

CHICAGO, Jan. 21, 2021 /PRNewswire/ -- In-depth analysis and data-driven insights on the impact of COVID-19 included in this global vitamin D market report.

The vitamin D market is expected to grow at a CAGR of 8.4% during the period 2020−2026.

Key Highlights Offered in the Report:

The global vitamin D market is expected to pose an absolute growth of over 62% during the forecast period driven by the demand for nutricosmetics, fortified foods, and growing feed applications.
By form, the dry segment was dominant, contributing over 72% of the total market share in 2020.
The superior bioavailability of vitamin D3 is driving the segment which is expected to generate incremental revenue of over $670 million during the forecast period.
The pharmaceutical segment is expected to retain its market leader position in terms of application as the contribution is expected to surpass 50% by 2026.
The personal care industry is considered as the area for new opportunities where the segment is expected to grow at a CAGR of over 7% by 2026.
The aging population, prevalence of vitamin D deficiency levels, and growing health consciousness is expected to drive the market for vitamin D in APAC.

Key Offerings:

Market Size & Forecast by Revenue | 2020−2026
Market Dynamics – Leading trends, growth drivers, restraints, and investment opportunities
Market Segmentation – A detailed analysis by analog, form, application, and geography
Competitive Landscape – 5 key vendors and 15 other vendors

Get your sample today! https://www.arizton.com/market-reports/vitamin-d-market-size-analysis

Vitamin D Market – Segmentation

The high demand for concentrated and pure forms in dietary supplements is increasing the preference for D3 vitamins. The APAC region is estimated to be the fastest-growing region during the forecast period because of the high prevalence of vitamin D deficiency in the population.
While the boom in nutricosmetics is expected to support the pharma industry, proven scientific dividends of vitamin D in the skin and body care are enforcing the application in cosmetic creams, moisturizers, and oils. Animal feed and pet food industries have remained as other dominant end-users after the pharmaceutical industry as vitamin D has become a key ingredient for premixes.
Dry vitamin D accounts for most market share as this form increases stability and offers extended shelf life. Vitamin D3, which is the largest selling segment, is highly manufactured in the dry powder form for feed manufacturing as a premix and dietary supplements.

Vitamin D Market by Analog

Vitamin D2
Vitamin D3

Vitamin D Market by Form

Dry
Liquid

Vitamin D Market by Application

Pharmaceuticals
Animal Feed and Pet Food
Functional Food and Beverages
Personal Care

Vitamin D Market – Dynamics

The rise in sales of vitamin supplements has proven that their intake is one of the most effective ways to maintain the levels of vitamin D2 and D3. Vendors source vitamin D2 from plants and fungi whereas D3 is sourced from animals. Infants with dark skin or minimum exposure to sunlight and who rely on breastfeeding are a major end-user segment. This can be more significant if they have a dark skin or minimum sunlight exposure. Organizations such as The American Academy of Pediatrics recommend the intake of 400 international units (IU) of vitamin D orally for all breastfed infants. Vitamin D supplementation also reduces the risk of influenza infections in children. BioGaia, Enfamil, Smarty Pants, and Nature's Bounty are some of the key players operating in the vitamin D supplements market that focus on infants, kids, and adults.

Key Drivers and Trends fueling Market Growth:

Increasing Prevalence of Vitamin D Deficiency
Applications in Feed Industry
Increasing Demand for Nutricosmetics and Vitamin Formulations
Outbreak of Infectious Diseases

Vitamin D Market – Geography

Europe was the largest market for vitamin D in 2020. Changing lifestyle, increase in usage of nutricosmetics, and the concentrated presence of pharmaceutical manufacturers in the region is expected to sustain the growth in the coming years. Germany, the UK, France, Spain, and Italy were the major revenue drivers in 2020, along with the presence of several end-user industries. Switzerland, Netherland, Denmark, and Belgium are other significant markets for growth in the animal feed, cosmetics, and supplement segments. The European region is expected to pose an absolute growth of 59% during the forecast period. More than 55% of the growth is expected to come from the markets in Germany, France, and Italy

Get your sample today! https://www.arizton.com/market-reports/vitamin-d-market-size-analysis

Vitamin D Market by Geography

North America

US
Canada

Europe

UK
Germany
France
Italy
Spain

APAC

China
Japan
South Korea
Australia
India

Latin America

Brazil
Mexico

Middle East & Africa

Saudi Arabia
South Africa
UAE

Major Vendors

BASF SE
Fermenta Biotech Limited
DSM
Dishman Group
Zhejiang Garden Biochemical High-Tech Co Ltd

Other Prominent Vendors

Adisseo
Synthesia, a.s
McKinley Resources Inc.
Vitablend
NewGen Pharma
Sichuan Neijiang Huixin Pharmacy CO. Ltd.
HangZhou Think Chemical Co., Ltd.
Lycored
Pharmavit
Divi's Nutraceuticals
Tocris Bioscience
Spectrum Chemical Manufacturing Corp.
Stabicoat Vitamins
Xiamen Kingdomway Group Company
Zhejiang NHU Co. Ltd.

Explore our health & wellness profile to know more about the industry.

Read some of the top-selling reports:

About Arizton:

Arizton Advisory and Intelligence is an innovation and quality-driven firm, which offers cutting-edge research solutions to clients across the world. We excel in providing comprehensive market intelligence reports and advisory and consulting services.

We offer comprehensive market research reports on industries such as consumer goods & retail technology, automotive and mobility, smart tech, healthcare, and life sciences, industrial machinery, chemicals and materials, IT and media, logistics and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.

Arizton comprises a team of exuberant and well-experienced analysts who have mastered in generating incisive reports. Our specialist analysts possess exemplary skills in market research. We train our team in advanced research practices, techniques, and ethics to outperform in fabricating impregnable research reports.

Mail: [email protected]
Call: +1-312-235-2040
+1-302-469-0707

SOURCE Arizton Advisory & Intelligence