More than 1 Billion of the Population Have Insufficient Levels of Vitamin D. Increasing Awareness of Vitamin D Boosting the Demand. The Sale of Vitamin D to Reach USD 2.7 Billion by 2028 - Arizton

CHICAGO, Jan. 10, 2023 /PRNewswire/ -- According to Arizton's  latest research report, the vitamin D market will grow at a CAGR of 8.5% from 2021-2027. The emerging therapeutic applications of vitamin D, increasing demand for vitamin D formulation in personal care, increasing trend of vegan vitamin D formulations, and emerging drug delivery technologies for administering vitamin D are the growing trends in the global market. Europe is the largest vitamin D market due to the end-user industry concentration. The production and export facilities of pharmaceutical and animal feed industries in countries such as Germany, Italy, Spain, and France paved the way for the growth of the market in Europe. The rise in the prevalence of vitamin deficiencies, growth in disposable income, the aging population, and the diversification of fortified foods drive the APAC market at a CAGR of 9.50%. Apart from major countries such as China, India, Japan, and South Korea, economies such as Australia, Indonesia, and Malaysia are also expected to pose prominent room for expansion.

Vitamin D Market Report Scope

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Rising Prevalence of Vitamin D Deficiency Coupled with Consequences of Diseases
In the US, Canada, Australia, Europe, New Zealand, and Asia, it has been estimated that between 30 and 50 percent of children and adults suffer from vitamin D deficiency. Over 1 billion people around the globe are estimated to be vitamin D deficient. Several epidemiological research suggest that about 24% of people in the US are vitamin D inadequate. Other regions of the globe may have higher rates of deficiency. About 40% of the population in Europe likely has vitamin D deficiency. In severe cases, vitamin D might increase the risk of osteoporosis, hip fracture, and even rickets. Rickets is more common among children and causes softening of bones, skeletal fractures, and deformity. Depression, bone pain, and weakness are other associated conditions with the disease. Such factors propel the awareness of Vitamin D, thus boosting the Vitamin D Market demand globally.

Veganism Creating Buzz in the Vitamin D Market
Trends of being vegan are increasingly spreading worldwide as it forces vitamin supplement manufacturers to develop and launch vegan vitamin D products across the globe. Vegans can purchase the daily vitamin and mineral supplement VEG 1 from the Vegan Society to make sure they get enough iodine, selenium, and vitamins D and B12.

There are numerous advantages, including support and hormonal balance. However, obtaining these vitamin supplements can be challenging, particularly for vegans. People can acquire it through food or the sun (mainly animal products such as egg yolks and fish). Everyone should prioritize, especially those who follow a strict vegan or vegetarian diet. Sunlight is a fantastic natural source of vitamin D that is safe for omnivores and vegans, as some people may already be aware. However, because most of them don't consume enough of it, they must rely on dietary sources or vitamin D supplements.

The Vitamin D market is expected to witness the rise of new chemical vendors specializing in delivering advanced and specialized chemicals used for manufacturing vitamins & dietary supplements and could be potential targets for vitamin D manufacturers. Constant online engagement is necessary to gain leads, as e-commerce plays a significant role in the wholesale market. It also enhances the end-user experience. Companies and governments need to adopt the concept of people-centric nutrition to develop innovative vitamin D3 products that can enhance the nutritional requirements of consumers. Building partnership with end-user industries, local communities, organizations, and healthcare bodies is crucial in developing innovative formulations. Vendors can also collaborate with NGOs, local government, and regulatory authorities to meet local needs. For instance, Vitamin D Guru, Vitamin Angels, and the National Association for the Blind are some of the major partnerships of Fermenta.

Key Vendors

• BASF SE
• Fermenta Biotech Limited
• DSM
• Dishman Carbogen Amcis
• Zhejiang Garden Biochemical High-Tech Co Ltd

• Adisseo
• Synthesia
• Vitablend
• NewGen Pharma
• Sichuan Neijiang Huixin Pharmacy
• HangZhou Think Chemical
• Lycored
• Pharmavit
• Divi's Nutraceuticals
• Tocris Bioscience
• Spectrum Chemical
• Stabicoat Vitamins
• Xiamen Kingdomway Group Company
• Zhejiang NHU

Market Segmentation

Application

• Pharmaceuticals
• Animal Health
• Functional Food and Beverages
• Personal Care

Form

• Dry
• Liquid

Analog

• Vitamin D2
• Vitamin D3

End User

• Humans
• Animals

Geography

• North America
• US
• Canada
• Europe
• Germany
• Italy
• Spain
• France
• UK
• Russia
• Poland
• APAC
• Japan
• China
• South Korea
• India
• Australia
• Indonesia
• Vietnam
• Thailand
• Malaysia
• Latin America
• Brazil
• Mexico
• Argentina
• Columbia
• Middle East & Africa
• Turkey
• Saudi Arabia
• South Africa
• Turkey

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Table of Content

1 RESEARCH METHODOLOGY

2 RESEARCH OBJECTIVES

3 RESEARCH PROCESS

4 SCOPE & COVERAGE

4.1 MARKET DEFINITION

4.1.1 INCLUSIONS

4.1.2 EXCLUSIONS

4.1.3 MARKET ESTIMATION CAVEATS

4.2 BASE YEAR

4.3 SCOPE OF THE STUDY

4.3.1 MARKET SEGMENTATION BY GEOGRAPHY

5 REPORT ASSUMPTIONS & CAVEATS

5.1 KEY CAVEATS

5.2 CURRENCY CONVERSION

5.3 MARKET DERIVATION

6 MARKET AT A GLANCE

7 PREMIUM INSIGHTS

7.1 GLOBAL VITAMIN D MARKET SCENARIO

7.1.1 INSIGHTS BY MARKET DYNAMICS

7.1.2 INSIGHTS BY MARKET SEGMENTATION

7.1.3 VENDOR LANDSCAPE

8 INTRODUCTION

8.1 OVERVIEW

8.1.1 VITAMIN D IN CANCER PREVENTION AND TREATMENT

9 MARKET OPPORTUNITIES & TRENDS

9.1 EMERGING THERAPEUTIC APPLICATIONS OF VITAMIN D

9.2 INCREASING DEMAND FOR VITAMIN D FORMULATION IN PERSONAL CARE

9.3 GROWING TREND OF VEGAN VITAMIN D FORMULATIONS

9.4 EMERGING DRUG DELIVERY TECHNOLOGIES FOR ADMINISTERING VITAMIN D

10 MARKET GROWTH ENABLERS

10.1 RISING PREVALENCE OF VITAMIN D DEFICIENCY

10.2 INCREASING PUBLIC-PRIVATE COLLABORATIONS & DEMAND FOR VITAMIN D IN FOOD FORTIFICATION

10.3 RISING DEMAND FOR VITAMIN SUPPLEMENTS

10.4 APPLICATIONS IN FEED INDUSTRY

11 MARKET GROWTH RESTRAINTS

11.1 INCLINATION TOWARD NATURAL AVAILABILITY OF VITAMIN D

11.2 CONSEQUENCES OF VITAMIN D TOXICITY

11.3 ANIMAL NUTRITION INDUSTRY-ASSOCIATED RISKS

12 MARKET LANDSCAPE

12.1 MARKET OVERVIEW

12.2 MARKET SIZE & FORECAST

12.2.1 INSIGHTS BY APPLICATION

12.2.2 INSIGHTS BY FORM

12.2.3 INSIGHTS BY ANALOG

12.2.4 INSIGHTS BY END-USER

12.2.5 INSIGHTS BY GEOGRAPHY

12.3 FIVE FORCES ANALYSIS

12.3.1 THREAT OF NEW ENTRANTS

12.3.2 BARGAINING POWER OF SUPPLIERS

12.3.3 BARGAINING POWER OF BUYERS

12.3.4 THREAT OF SUBSTITUTES

12.3.5 COMPETITIVE RIVALRY

13 APPLICATIONS

13.1 MARKET SNAPSHOT & GROWTH ENGINE

13.2 MARKET OVERVIEW

13.3 PHARMACEUTICALS

13.3.1 MARKET OVERVIEW

13.3.2 MARKET SIZE & FORECAST

13.3.3 MARKET SIZE & FORECAST

13.3.4 MARKET BY GEOGRAPHY

13.4 ANIMAL HEALTH

13.4.1 MARKET OVERVIEW

13.4.2 MARKET SIZE & FORECAST

13.4.3 MARKET BY GEOGRAPHY

13.5 FUNCTIONAL FOOD & BEVERAGES

13.5.1 MARKET OVERVIEW

13.5.2 MARKET SIZE & FORECAST

13.5.3 MARKET BY GEOGRAPHY

13.6 PERSONAL CARE

13.6.1 MARKET OVERVIEW

13.6.2 MARKET SIZE & FORECAST

13.6.3 MARKET BY GEOGRAPHY

14 FORM

14.1 MARKET SNAPSHOT & GROWTH ENGINE

14.2 MARKET OVERVIEW

14.3 DRY

14.3.1 MARKET OVERVIEW

14.3.2 MARKET SIZE & FORECAST

14.3.3 MARKET BY GEOGRAPHY

14.4 LIQUID

14.4.1 MARKET OVERVIEW

14.4.2 MARKET SIZE & FORECAST

14.4.3 MARKET BY GEOGRAPHY

15 ANALOG

15.1 MARKET SNAPSHOT & GROWTH ENGINE

15.2 MARKET OVERVIEW

15.3 VITAMIN D3

15.3.1 MARKET OVERVIEW

15.3.2 MARKET SIZE & FORECAST

15.3.3 MARKET BY GEOGRAPHY

15.4 VITAMIN D2

15.4.1 MARKET OVERVIEW

15.4.2 MARKET SIZE & FORECAST

15.4.3 MARKET BY GEOGRAPHY

16 END-USER

16.1 MARKET SNAPSHOT & GROWTH ENGINE

16.2 MARKET OVERVIEW

16.3 HUMANS

16.3.1 MARKET OVERVIEW

16.3.2 MARKET SIZE & FORECAST

16.3.3 MARKET BY GEOGRAPHY

16.4 ANIMALS

16.4.1 MARKET OVERVIEW

16.4.2 MARKET SIZE & FORECAST

16.4.3 MARKET BY GEOGRAPHY

17 GEOGRAPHY

17.1 MARKET SNAPSHOT & GROWTH ENGINE

17.2 GEOGRAPHIC OVERVIEW

18 EUROPE

18.1 MARKET OVERVIEW

18.2 MARKET SIZE & FORECAST

18.2.1 EUROPE: APPLICATION SEGMENTATION

18.2.2 EUROPE: FORM SEGMENTATION

18.2.3 EUROPE: ANALOG SEGMENTATION

18.2.4 EUROPE: END-USER SEGMENTATION

18.3 KEY COUNTRIES

18.3.1 GERMANY: MARKET SIZE & FORECAST

18.3.2 SPAIN: MARKET SIZE & FORECAST

18.3.3 FRANCE: MARKET SIZE & FORECAST

18.3.4 ITALY: MARKET SIZE & FORECAST

18.3.5 UK: MARKET SIZE & FORECAST

18.3.6 RUSSIA: MARKET SIZE & FORECAST

18.3.7 POLAND: MARKET SIZE & FORECAST

19 NORTH AMERICA

19.1 MARKET OVERVIEW

19.2 MARKET SIZE & FORECAST

19.2.1 NORTH AMERICA: APPLICATION SEGMENTATION

19.2.2 NORTH AMERICA: FORM SEGMENTATION

19.2.3 NORTH AMERICA: ANALOG SEGMENTATION

19.2.4 NORTH AMERICA: END-USER SEGMENTATION

19.3 KEY COUNTRIES

19.3.1 US: MARKET SIZE & FORECAST

19.3.2 CANADA: MARKET SIZE & FORECAST

20 APAC

20.1 MARKET OVERVIEW

20.2 MARKET SIZE & FORECAST

20.2.1 APAC: APPLICATION SEGMENTATION

20.2.2 APAC: FORM SEGMENTATION

20.2.3 APAC: ANALOG SEGMENTATION

20.2.4 APAC: END-USER SEGMENTATION

20.3 KEY COUNTRIES

20.3.1 CHINA: MARKET SIZE & FORECAST

20.3.2 INDIA: MARKET SIZE & FORECAST

20.3.3 JAPAN: MARKET SIZE & FORECAST

20.3.4 SOUTH KOREA: MARKET SIZE & FORECAST

20.3.5 AUSTRALIA: MARKET SIZE & FORECAST

20.3.6 INDONESIA: MARKET SIZE & FORECAST

20.3.7 VIETNAM: MARKET SIZE & FORECAST

20.3.8 THAILAND: MARKET SIZE & FORECAST

20.3.9 MALAYSIA: MARKET SIZE & FORECAST

21 LATIN AMERICA

21.1 MARKET OVERVIEW

21.2 MARKET SIZE & FORECAST

21.2.1 LATIN AMERICA: APPLICATION SEGMENTATION

21.2.2 LATIN AMERICA: FORM SEGMENTATION

21.2.3 LATIN AMERICA: ANALOG SEGMENTATION

21.2.4 LATIN AMERICA: END-USER SEGMENTATION

21.3 KEY COUNTRIES

21.3.1 BRAZIL: MARKET SIZE & FORECAST

21.3.2 MEXICO: MARKET SIZE & FORECAST

21.3.3 ARGENTINA: MARKET SIZE & FORECAST

21.3.4 COLOMBIA: MARKET SIZE & FORECAST

22 MIDDLE EAST & AFRICA

22.1 MARKET OVERVIEW

22.2 MARKET SIZE & FORECAST

22.2.1 MIDDLE EAST & AFRICA: APPLICATION SEGMENTATION

22.2.2 MIDDLE EAST & AFRICA: FORM SEGMENTATION

22.2.3 MIDDLE EAST & AFRICA: ANALOG SEGMENTATION

22.2.4 MIDDLE EAST & AFRICA: END-USER SEGMENTATION

22.3 KEY COUNTRIES

22.3.1 SOUTH AFRICA: MARKET SIZE & FORECAST

22.3.2 SAUDI ARABIA: MARKET SIZE & FORECAST

22.3.3 UAE: MARKET SIZE & FORECAST

22.3.4 TURKEY: MARKET SIZE & FORECAST

23 COMPETITIVE LANDSCAPE

23.1 COMPETITION OVERVIEW

23.2 MARKET SHARE ANALYSIS

24 KEY COMPANY PROFILES

24.1 BASF SE

24.1.1 BUSINESS OVERVIEW

24.1.2 BASF IN VITAMIN D MARKET

24.1.3 PRODUCT OFFERINGS

24.1.4 KEY STRATEGIES

24.1.5 KEY STRENGTHS

24.1.6 KEY OPPORTUNITIES

24.2 FARMENTA BIOTECH LIMITED

24.3 DSM

24.4 DISHMAN CARBOGEN AMCIS

24.5 ZHEJIANG GARDEN BIOCHEMICAL HIGH-TECH

25 OTHER PROMINENT VENDORS

25.1 ADISSEO

25.1.1 BUSINESS OVERVIEW

25.1.2 PRODUCT OFFERINGS

25.2 SYNTHESIA

25.3 VITABLEND

25.4 NEWGEN PHARMA

25.5 SICHUAN NEIJIANG HUIXIN PHARMACY

25.6 HANGZHOU THINK CHEMICAL

25.7 LYCORED

25.8 PHARMAVIT

25.9 DIVI'S NUTRACEUTICALS

25.10 TOCRIS BIOSCIENCE

25.11 SPECTRUM CHEMICAL

25.12 STABICOAT VITAMINS

25.13 XIAMEN KINGDOMWAY GROUP

25.14 ZHEJIANG NHU

26 REPORT SUMMARY

26.1 KEY TAKEAWAYS

26.2 STRATEGIC RECOMMENDATIONS

27 QUANTITATIVE SUMMARY

27.1 MARKET BY APPLICATION SEGMENTATION

27.1.1 EUROPE: APPLICATION SEGMENTATION

27.1.2 NORTH AMERICA: APPLICATION SEGMENTATION

27.1.3 APAC: APPLICATION SEGMENTATION

27.1.4 LATIN AMERICA: APPLICATION SEGMENTATION

27.1.5 MIDDLE EAST & AFRICA: APPLICATION SEGMENTATION

27.2 MARKET BY FORM SEGMENTATION

27.2.1 EUROPE: FORM SEGMENTATION

27.2.2 NORTH AMERICA: FORM SEGMENTATION

27.2.3 APAC: FORM SEGMENTATION

27.2.4 LATIN AMERICA: FORM SEGMENTATION

27.2.5 MIDDLE EAST & AFRICA: FORM SEGMENTATION

27.3 MARKET BY ANALOG SEGMENTATION

27.3.1 EUROPE: ANALOG SEGMENTATION

27.3.2 NORTH AMERICA: ANALOG SEGMENTATION

27.3.3 APAC: ANALOG SEGMENTATION

27.3.4 LATIN AMERICA: ANALOG SEGMENTATION

27.3.5 MIDDLE EAST & AFRICA: ANALOG SEGMENTATION

27.4 MARKET BY END-USER SEGMENTATION

27.4.1 EUROPE: END-USER SEGMENTATION

27.4.2 NORTH AMERICA: END-USER SEGMENTATION

27.4.3 APAC: END-USER SEGMENTATION

27.4.4 LATIN AMERICA: END-USER SEGMENTATION

27.4.5 MIDDLE EAST & AFRICA: END-USER SEGMENTATION

27.5 MARKET BY GEOGRAPHY

27.5.1 PHARMACEUTICALS: GEOGRAPHY SEGMENTATION

27.5.2 ANIMAL HEALTH: GEOGRAPHY SEGMENTATION

27.5.3 FUNCTIONAL FOOD & BEVERAGES: GEOGRAPHY SEGMENTATION

27.5.4 PERSONAL CARE: GEOGRAPHY SEGMENTATION

27.5.5 VITAMIN D3: GEOGRAPHY SEGMENTATION

27.5.6 VITAMIN D2: GEOGRAPHY SEGMENTATION

27.5.7 DRY: GEOGRAPHY SEGMENTATION

27.5.8 LIQUID: GEOGRAPHY SEGMENTATION

27.5.9 HUMANS: GEOGRAPHY SEGMENTATION

27.5.10 ANIMALS: GEOGRAPHY SEGMENTATION

28 APPENDIX

28.1 ABBREVIATIONS

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