Bharat Book Bureau Provides the Trending Market Research Report on “Vitamin D Market by Analog (Vitamin D2, Vitamin D3), Form (Dry, Liquid), Application (Feed & Pet Food, Pharma, Functional Food, and Personal Care), End Users (Adults, Pregnant Women, and Children), IU Strength and Region - Global Forecast to 2027”under Food Market Research Report Category. The report offers a collection of superior Market research, Market analysis, competitive intelligence and Market reports.
The Vitamin D Market size is estimated to be valued at USD 1.3 billion in 2022 and is projected to reach USD 1.9 billion by 2027, recording a CAGR of 7.1% during the forecast period in terms of value. The vitamin D market in escalating with the increase in consumption and demand of feed around the world. Moreover, the feed industry is observing an increasing trend in need for improved feed products, that strengthens the requirement for nutritional additives.
Furthermore, in developing economies such as China and India, where there is a growing focus on animal nutrition, different vitamins are expected to experience a strong rise in the demand from the feed industry. In addition, increasing consumer concerns regarding maintaining a balanced diet and growing consumer awareness about several diseases caused by vitamin D deficiency will also boost the market of Vitamin D during the forecast period. Food fortification is one of the major trends, which is fueling the vitamin D market in the functional food & beverage industry.
“By
form, the dry segment is estimated to grow at the highest CAGR during the forecast period
in terms of value.”
Vitamins
are available in various grades and forms to suit the varying demands in
end-use applications such as healthcare, food & beverage, animal feed, and
personal care. The forms include spray-dried powder, beadlets, liquid, or
crystals. The vitamin D market by dry form is projected to grow at a higher
CAGR by 2027. Manufacturers prefer the dry form of vitamin D due to its greater
stability, ease of handling and storage, and convenience of usage in a wide
range of products. Most of the vitamin D sold is synthetic as
compared to natural.
“By
application, pharmaceutical segment holds the second largest share during the
estimated year in terms of value.”
Based
on applications, the vitamin D market was dominated by the pharmaceutical
segment in 2021, in terms of value. Moreover, due to higher cost associated
with potency level or IU level of vitamin D, the pharmaceutical segment is
valued higher. The pharmaceuticals segment is also projected to grow at the
highest CAGR, owing to its wide usage in health supplements, injectables, and
capsules.Globally, the volume market is dominated by the feed & pet food
segment in the market.
Vitamin D is gaining traction in the healthcare and pharma industry due to its wide demand in nutritional supplements, owing to its various bone health benefits.
“By
analog, vitamin D3 segment is estimated to witness a steady growth rate over
the forecast period in terms of value.”
Vitamin
D3 holds the largest market share in 2021 in terms of value. Vitamin D3
increases circulating serum 25(OH)D concentration more efficiently than vitamin
D2. Moreover, the larger impurities and smaller stability in the removal of
vitamin D2 may lead to a elevated risk of toxicity than that coupled with
vitamin D3. Main sources of vitamin D2 include mushrooms and yeast. The broad
applications of vitamin D3 in the animal feed industry are estimated to drive the
market for vitamin D.
“By
end user, adults segment is estimated to witness the steady growth rate over
the forecast period in terms of value.”
Vitamin
D deficiency is extremely prevalent in adults more than 50 years of age. Severe
deficiency results in osteomalacia, osteopenia, osteoporosis, and
osteoarthritis, which can lead to deep bone pain, poor growth, fractures, and
deformities of the skeleton, such as bowed legs, the curvature of the spine,
and thickening of ankles, wrists, and knees. These factors are responsible for
the highest growth of the adults segment in the forecast period.
“Asia
Pacific holds the largest share during the estimated year
in terms of value. ”
The
Asia Pacific is the largest market for vitamin D globally. China dominates the
market in this region. The Asia Pacific is recognising the peak growth due to
speedy financial growth. Moreover, the region is drawing investors for setting
up construction facilities due to the ease of readiness of skilled labor, raw
materials, land, and equipment at a lower cost.
In January 2019, Fermenta Biotech Limited executed a 99-year lease agreement to acquire land of around 40,000-square-meter from the Gujarat Industrial Development Corporation (GIDC) authority, Ankleshwar, Sayakha, for future expansion. The company aimed to commence manufacturing by the end of 2020. This acquisition would increase the production capacity of vitamin D to facilitate product extensions and new product rollouts.
The vitamin D market is segmented region-wise, with a detailed analysis of each region. These regions include North America, Europe, Asia Pacific, South America, and RoW (South Africa, Middle East, Rest of Africa).
Browse our full report with Table of Content : https://www.bharatbook.com/report/1384197/vitamin-d-market-by-analog-vitamin-d-vitamin-d-form-dry-liquid-application-feed-pet-food-pharma-functional-food-and-personal-care-end-users-adults-pregnant-women-and-children-iu-strength-and-region-global-forecast-to
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