Global vitamin D market growth is forecast to be 8.49% between 2022-2027

MARKET OVERVIEW. Due to its use in the nutricosmetics and premixes, functional drinks, and vegan industries, the industry is projected to generate an incremental revenue of more than USD 1 billion over the forecast period.

New York, Jan. 12, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Vitamin D Market – Global Outlook & Forecast 2022-2027” – https://www.reportlinker.com/p06020370/?utm_source=GNW
Vitamin D is highly competitive with many major vendors. The market’s main distinguishing factors are clinically-proven formulas and scientific research. One-third of the global population has suboptimal levels in micronutrients, such as vitamins or minerals. Poor diet and inadequate sunlight exposure are two major reasons that vitamin D levels are low in over 1 billion people around the world. Vitamin D levels are also affected by geographic, cultural, as well as demographic factors.

The increasing demand for functional foods and supplements is a major driver of the vitamin D market. The COVID-19 virus outbreak has helped to accelerate the market growth. Market growth is expected to be driven by increased nutrition requirements, government initiatives and lucrative investments in end-user industries.

MARKET TRENDS & OPPORTUNITIES
Vitamin D is being used in a new therapeutic application

• Numerous studies have shown that vitamin D affects many biological processes that control calcium and phosphorus metabolism, cell division, differentiation, apoptosis, immunological control, genome integrity, and neurogenesis. Research has also shown a strong association between vitamin D and many diseases, such as cancer, autoimmune and viral, as well as cardiovascular diseases. The role of VD in cancer prevention and treatment is being supported by increasing evidence. Many scientific papers have highlighted the role of VD in the progression, diagnosis, prognosis and treatment of cancer. Data from randomized clinical trials suggest that vitamin D has a greater benefit than cancer incidence in terms of cancer mortality and survival. These data suggest that vitamin D could play a role in reducing the risk of developing advanced or fatal cancers. According to laboratory and animal research, vitamin D may decrease tumors’ development and prevent cancer cell growth.

Vitamin D Formulation for Personal Care is in High Demand

• Dermatologists praise the benefits of the ingredient in topical skincare, and the outcomes are striking. Vitamin D has many healing, anti-oxidative, proliferative, and healing properties. Psoriasis sufferers can get a therapeutic effect by applying 5,000 IUs of vitamin D3 lotion. For psoriasis, oil-based vitamin D3 treatments are highly recommended. Vitamin D beauty products, which are also available OTC, are also readily available. Vitamin D3 helps protect the skin, slows down aging and regulates cell turnover. Vendors are also tapping vitamin D3’s potential to encourage beauty and health, which additionally contributes to the vitamin D market growth. Vitamin D3 is a powerful antioxidant that can protect and rejuvenate the skin. Topical skin care formulations such as VitaD Fortified Topical Elixir, Skin Authority and Skin Authority promote vitamin D.

Rising Vitamin D Deficiency Rate and Other Diseases

• One of the most widespread medical conditions worldwide is vitamin D insufficiency. Vitamin D deficiency can lead to poor bone growth and health, along with an increased risk for many serious diseases such as type 1 diabetes and various types of cancer. It has been found that between 30 to 50 percent of vitamin D-deficient adults and children live in the USA, Canada, Australia and New Zealand.
• While over 1 billion people around the globe are estimated to be vitamin D deficient, over 50% of the population are estimated to have insufficient levels of vitamin D. Several epidemiological research suggest that about 24% of people in the US are vitamin D inadequate. Others may experience higher levels of deficiency. Around 40% of Europeans are likely to have vitamin D deficiencies. Vitamin D may increase your risk of hip fracture, osteoporosis and even rickets. Rickets is more common with children. It can cause softening, skeletal fractures and deformity. Other conditions that can be associated with this disease include depression, weakness, and bone pain. These factors increase awareness and boost the Vitamin D Market share worldwide.

MARKET SEGMENTATION
INSIGHTS BY A PLICATION

The pharmaceuticals segment made up 48.07% of global vitamin D market in 2021. It is believed that the pharmaceuticals segment will be larger because in 2021, the pharmaceutical sector dominated the global vitamin-D market. There were increasing applications in vitamin therapy and beauty products, which led to the pharmaceuticals segment being higher. Most pharmaceutical companies need vitamin D as it is an important hormone that increases calcium absorption. Vitamin D is essential in the pharmaceutical industry due to the increasing incidence of medical problems and deficiencies in children and adults. Vitamin D is also a growth hormone. Vitamin D is essential for bone growth and mineralization of children. Supplementation with vitamin D is important for pregnant women. Hypovitaminosis D may also occur if vitamin D is not taken in sufficient amounts.

Segmentation based on Application
• Pharmaceuticals
• Animal Health
• Functional Food and Beverages
• Personal Care

INSIGHTS BY FORMAT

Vitamin D can be found in two main forms: liquid and dry. The largest share in the global vitamin-D market was held by the dry segment, which accounted for around 71.99%. The dry segment is thought to have a higher share due to its greater stability and longer shelf life. It also includes beadlets, crystalline forms, and products used in end-user sectors such as pharma, animal food, and cosmetics. For cattle feed, vitamin D in dry form is preferred. Pregnant heifers need up to 1,887 IU/kg vitamin D each day. Supplements can also use dry forms due to their superior potency and efficacy. The growth of the dry vitamin-D market segment could be aided by the increased demand for encapsulated and premix formulations. The potential for market growth in India, China, and the US can be attributed to an expansion in the animal-feed industry. The availability of vitamin D3 in dry form is also common in Europe, including Sweden, Germany and France.

Segmentation by Form
• Dry
• Liquid

INSIGHTS BY THE ANALOG

The vitamin D3 segment accounted for 69.58% of all the analogues in the global vitamin D marketplace. Vitamin D3 is thought to have a higher market share than the other segments due to vitamin D3 being the biologically active form vitamin D found in both humans and animals. Vitamin D3 has unique advantages over its counterparts in terms shelf life, activity and bio-activeness. It is used in supplements and animal feed as well as cosmetics. Following the COVID-19 pandemic in 2004, vitamin D3 was in high demand. In the next five-years, new formulations with vitamin D3 will be available.

Segmentation via Analog
• Vitamin D2
• Vitamin D3

INSIGHTS BY END USER

The global vitamin D market’s highest share is held by the human segment, which accounts for around 66.98%. Vitamin D3 will be higher than the rest, as Vitamin D supplementation is the best option for adults. It is nearly impossible to get adequate vitamin D levels from diet alone. Many experts recommend that dietary supplements be used as an affordable and safe alternative to treating vitamin D deficiencies. The Institute of Medicine recently released new guidelines regarding vitamin D supplementation. According to the report, children under the age of one and adults over 70 years old should take 600 IU of Vitamin D daily. Adults over 70 years old should take 800 IU. Vitamin D deficiency can be caused by several factors. Older people spend more time indoors and are less likely to get sunlight. The efficiency of vitamin D synthesis also decreases as the skin becomes thinner with age.

This problem is exacerbated by a decreased appetite and poor absorption of nutrients. Vitamin D deficiencies during pregnancy are a serious problem. The prevalence of vitamin D deficiency in pregnant women is between 18 and 84%, according to studies. Calcium homeostasis, bone mineralization, and fetal growth require adequate vitamin D and calcium intake during pregnancy.

Segmentation by End-User
• Humans
• Animals

GEOGRAPHICAL ANALYSIS
Europe has a large share of the global Vitamin D Market, approximately 28.03%. This growth is due to increased use of nutricosmetics and changing lifestyles. The presence of pharmaceutical companies in Europe is expected to continue the upward trend in the next years. France, Spain and Italy were the top revenue-generating nations in Europe in 2021. The region is also home to many industries like pharma, functional food & beverages, animal feed, and personal care, which procure vitamin D for manufacturing drugs, animal feed supplements, dietary supplements, and personal care products. Other important markets for vitamin D are the Netherlands, Switzerland and Denmark. There is a shortage of vitamin D among the population. Europe is one the most important markets for vitamin D penetration, as more than 70% of its population is vitamin D deficient.

There is a growing demand for vegan-enriched foods, dietary supplements, and other vegan-friendly products in the region due to the increasing number of vegetarians and vegans. D3 is more stable, durable, and therefore suitable for dietary supplement use. This could present challenges for regional pharmaceutical companies, reducing demand for vitamin D products. Sales of vitamin D supplements have increased in Spain due to the COVID-19 epidemic.

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

VENDOR LANDSCAPE

Numerous renowned chemical companies such as DSM and BASF are prominent players in the vitamin D market. Vitamin D3 is an important ingredient for major players like BASF. It is the most temperature-stable form of the brand as the ingredient can withstand a temperature of 77° Fahrenheit with longer shelf life.
This product can be used for dietary supplements, functional foods and beverages, medicinal food and food fortification. It is expected that the vitamin D market will see the growth of new vendors who specialize in vitamin supplements. These could be potential targets to vitamin D manufacturers. It is important to engage online in order to acquire leads. E-commerce plays a major role in the wholesale marketplace. E-commerce also makes the end-user experience better.

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

Other Prominent Vendors
• 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

KEY QUESTIONS ANSWERED

1. What is the size of the vitamin D market?
2. What is the growth rate for the global vitamin D market
3. What are the rising trends in the global vitamin D industry?
4. How big is North American’s vitamin D market?
5. Which are the major players that have influenced vitamin D market growth.
6. Which region has the highest vitamin D market share?
The full report is available here: https://www.reportlinker.com/p06020370/?utm_source=GNW

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