Global Vitamin D Ingredient Market Size study, by Product Type (Vitamin D2, Vitamin D3), by Source (Eggs, Milk, Fish, Fruits, Plants & Vegetables, Animals, Others), by Application (Beverages, Foods, Cosmetics, Pharmaceuticals, Pet Food & Animal Feed, Others), by Form (Resin, Powder, Liquid) and Regional Forecasts 2022-2028
Global Vitamin D Ingredient Market is valued at approximately USD 1500 million in 2021 and is anticipated to grow with a healthy growth rate of more than 6 % over the forecast period 2022-2028. Vitamin D, also known as calciferol is a fat-soluble vitamin that can be found naturally in a few foods, added to others, or purchased as a dietary supplement. When ultraviolet (UV) rays from the sun strike the skin and activate vitamin D production, it is also created endogenously. Vitamin D acquired from the sun, meals, and supplements is physiologically inactive and must be activated in the body by two hydroxylations. Vitamin D is converted to 25-hydroxyvitamin D [25(OH)D], commonly known as ""calcidiol,"" by the first hydroxylation, which takes place in the liver. The physiologically active 1,25-dihydroxyvitamin D [1,25(OH)2D], also known as ""calcitriol,"" is formed by the second hydroxylation, which occurs largely in the kidney. Rising prevalence of Vitamin D deficiency, rising government initiatives to increase consumption of Vitamin D, rising awareness of fortified food among consumers, and rising investment and partnership among key players have driven the adoption of Vitamin D Ingredients across the projected period. For Instance: Zhejiang Xinhecheng Co., Ltd. (China) and DSM (Netherlands) established a contract for the sale and purchase of cholesterol (Vitamin D3 is made from cholesterol) in January 2019. This deal will assist the organization in increasing its total capacity and Vitamin D productivity. Also, rise in use of Vitamin D in personal care products and rise in demand for feed fortification are most likely to boost the overall growth of the Vitamin D Ingredient market. However, high cost and scarcity of Vitamin D ingredients can obstruct the market's expansion over the projection period of 2022-2028
The key regions considered for the global Vitamin D Ingredient market study include Asia Pacific, North America, Europe, Latin America and Rest of the World. North America is the leading region across the world. Rising cases of Vitamin D deficiency and presence of foreign key players are driving the market growth in North America. Whereas, Asia Pacific is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028. The market is expected to grow during the projected period, due to rising disposable income and large customer base.
Major market players included in this report are:
Bio-tech Pharmacal
Koninklijke DSM N.V
Zhejiang Xinhecheng Co. Ltd.
BASF Se
Fermenta Biotech Ltd.
PHW Group
McKinley Resources Inc.
Taizhou Hisound Pharmaceutical Co. Ltd.
Stabicoat Vitamins
Synthesia A.S.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Product Type:
Vitamin D2
Vitamin D3
By Source:
Eggs
Milk
Fish
Fruits
Plants & Vegetables
Animals
Others
By Application:
Beverages
Foods
Cosmetics
Pharmaceuticals
Pet Food & Animal Feed
Others
By Form:
Resin
Powder
Liquid
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Vitamin D Ingredient Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors
Companies Mentioned
Bio-tech Pharmacal
Koninklijke DSM N.V
Zhejiang Xinhecheng Co. Ltd.
BASF Se
Fermenta Biotech Ltd.
PHW Group
McKinley Resources Inc.
Taizhou Hisound Pharmaceutical Co. Ltd.
Stabicoat Vitamins
Synthesia A.S.
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