North America Vitamin D Market 2023-2030
MARKET OUTLOOK
Triton Market Research’s report denotes that the vitamin market in North America is foreseen to garner a compound annual growth rate of 7.77% over the forecasting years from 2023 to 2030. Canada and the United States are studied in the given region.
In Canada, the market’s growth is attributed to the rising vegan population, demand for nutricosmetics, and preventive measures for osteoporosis. Vitamin D3 is considered the most effective and safe ingredient in supplements. Functional foods are widely adopted by consumers to address health issues. In this regard, the fortification of food products like milk and cheese widens the scope of the vitamin D market across the nation.
Further, as per the Canadian government, there is a high population base diagnosed with osteoarthritis. This prevalence creates demand for vitamin D supplements, contributing heavily to the studied market’s expansion.
In the US, government agencies, medical schools, and healthcare providers are involved in the US Bone and Joint Initiative to prevent bone and joint disorders among the nation’s population. Such initiatives and awareness about vitamin D deficiency are expected to open new avenues for the vitamin D market.
COMPETITIVE OUTLOOK
The major companies in the vitamin D market consist of Fermenta Biotech Limited, BASF SE, Dishman Carbogen Amcis Ltd, and Newgen Pharma.
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