BANGALORE, India, Aug. 31, 2020
- In 2019, the global Vitamin D market size was USD 130.1 Million, and it is expected to reach USD 141.6 Million by the end of 2026, with a CAGR of 1.2% from 2021-2026
BANGALORE, India, Aug. 31, 2020 /PRNewswire/ -- Vitamin D market size growth is driven by increased awareness of vitamin D deficiency, growing incidences of osteoporosis in women, and a rise in child malnutrition cases.
Two vitamin D types are commonly used, namely, vitamin D2 (ergocalciferol) and vitamin D3 (cholecalciferol). Both types are used in dietary supplements. Vitamin D2 sees greater use in the field of final dosage forms in pharmacies.
The vitamin D market report is segmented by area, country, firm, brand, application, and sales channel. The report also offers insight about market size, forecast, major players, and trends driving the shift.
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TRENDS INFLUENCING THE VITAMIN D MARKET SIZE
Rising incidence of diseases induced by vitamin D deficiency is expected to drive the growth of vitamin D market size during the forecast period.
Furthermore, prevention of hypocalcemia, osteoporosis, osteomalacia, and rickets coupled with regulating the circulation of blood in the body and providing proper thyroid function are favorable factors that are expected to drive Vitamin growth D market size during the forecast period.
Vitamin D3 has different functions and is used in the food, feed, healthcare, and personal care industries. In the food & beverage industry, the use of vitamin D3 is closely monitored to avoid the risk of overdose, as excessive intake is associated with toxicity.
The rise in income levels and substantial consumer demand for nutritious & safe products are expected to provide promising growth prospects. Diversification of functional food & beverage products, in turn, leads to increased consumption of vitamin-infused products and thus increases the growth of vitamin D market size.
VITAMIN D MARKET SHARE ANALYSIS
Based on the application, the pharmaceutical segment is dominating the global vitamin D market in 2020. This growth is attributed to its wide usage in health supplements, injectable, and capsules.
Based on type, the vitamin D2 segment is expected to witness a higher CAGR between 2020 and 2025 in the forecast period. Significant vitamin D2 sources include yeast and mushrooms.
Based on Region, Asia Pacific held the largest vitamin D market share in 2015, with China dominating the majority vitamin D market share with 86.10%. China is the largest Vitamin D manufacturing and consumption market in the world. China's vitamin D market sales value reached 91 million USD in 2016. The top three Vitamin D manufacturers are Zhejiang Garden Biochemical High-tech, Taizhou Hisound Pharmaceutical, Kingdomway, with global sales market share of 30.86%, 17.72%, and 15.12% respectively in 2015.
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VITAMIN D MARKET SEGMENTATION
VITAMIN D MARKET BY REGION
THE FOLLOWING MANUFACTURES ARE COVERED IN THIS REPORT
VITAMIN D MARKET BY TYPE
VITAMIN D MARKET BY APPLICATION
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SIMILAR REPORTS :
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The Global Vitamin D Therapy Market size is expected to grow from USD 2,020.30 Million in 2019 to USD 3,925.67 Million by the end of 2025 at a Compound Annual Growth Rate (CAGR) of 11.70%.
This report focuses on global vitamin D therapy status, future outlook, prospects for development, key market, and key actors. This study aims to present the development of vitamin D therapy in North America, Europe, China, Japan, Southeast Asia, India, and Central & South America.
In 2019, the global Vitamin D Testing market size was USD 1283.7 Million and was forecast to USD 1900.4 Million in 2026, growing at a CAGR of 5.7% from 2020.
The global Feed Grade Vitamin D market size is projected to reach USD 120.2 Million by 2026, from USD 102 Million in 2020, at a CAGR of 2.8% during 2021-2026.
Vitamin D, which is mainly sold as vitamin d3, is a highly concentrated market. Currently, there are few companies in the world that can produce vitamin D3 products, mainly concentrated in China. The main market players are Zhejiang Garden Biochemical High-tech, Taizhou Hisound Pharmaceutical, Kingdomway, NHU, etc.
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