Vitamin D Market is anticipated to grow at a CAGR of ~6.5% from 2020 to 2030.
Market Industry Reports (MIR) has published a new report titled “Vitamin D Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2020-2030.” According to the report, the global Vitamin D market accounted for over US$ 1.0 billion in 2019. It is anticipated to grow at a CAGR of ~6.5% from 2020 to 2030.
Vitamin D enables calcium absorption in the gut and normal mineralization of bones by balancing calcium & phosphate concentrations. It is an essential component for bone growth and bone remodeling and its deficiency may lead to serious medical conditions such as brittleness of bones, osteoporosis, osteomalacia, hypocalcemia, rickets, cardiovascular diseases, cancer, autoimmune diseases, and asthma. Modulating the cell growth, thyroid functions, neuromuscular functions, & immune functions; regulating the blood circulation & blood clotting; and reducing inflammation are some of the other key functionalities that vitamin D carries out.
The vitamin D market is primarily driven by rising awareness regarding vitamin D deficiency; growing malnutrition among children, especially in emerging economies; and increasing cases of osteoporosis among women. The cases of malnutrition and osteoporosis are shooting up, among other disorders caused due to the deficiency of vitamin D, especially in emerging economies. Thus, governments in various geographies are undertaking initiatives, such as running awareness campaigns, to educate the masses regarding the importance of consuming vitamin D in appropriate quantities. Moreover, rising disposable income and the high demand for fortified food among consumers will supplement this market growth. Recommendations by doctors and various regulatory agencies, such as FDA, EFSA, and NIH, among others will also play a significant role in propelling market growth.
On the downside, an overdose of vitamin D may lead to headaches, loss of appetite, nausea, and vomiting, among others. Hence, there are stringent regulations in certain regions to prevent undesired vitamin D toxicity and its excessive use. Such stringent regulations may have a negative impact on the sale of vitamin D and other dietary supplements in these regions, further hindering the market growth to a certain extent.
Browse key industry insights spread across 170 pages with market data tables & figures & charts from the report, Vitamin D Market By Type (D2 and D3), By Form (Dry and Liquid), By Application (Functional Food & Beverages, Pharmaceutical Products & Dietary Supplements, Personal Care, and Pet Food & Animal Feed), and By End-User (Pregnant Women, Children, and Adults) - Global Analysis & Forecast 2020-2030 in detail along with the table of contents:https://www.marketindustryreports.com/vitamin-d-market/395
The outbreak of COVID-19 is expected to propel the demand for vitamin D ingredients in the global market. Various government & private organizations are investing heavily in research & development activities to find the correlation between Vitamin D and its role in preventing SARS-CoV-2 infection by boosting immunity. In May 2020, a study published by the Northwestern University concluded that vitamin D strengthens innate immunity, preventing overactive immune responses. It further suggests that patients suffering from severe vitamin D deficiency are twice as likely to face major complications.
North America will hold a major share of the global vitamin D market. The number of people suffering from vitamin D deficiency is significantly high in the U.S. This leads to an increased demand for this ingredient from North America. Furthermore, high awareness levels among individuals in this region, favorable government policies, and growing concerns among consumers regarding health are some of the other factors responsible for the regional market growth. The Asia Pacific, on the other hand, led by India and China, is expected to grow at the highest CAGR. The changing perspective of populations residing in this region toward dietary supplements and key players planning to expand their presence in the region will stand to be among the major growth drivers.
Some of the prominent players in the global vitamin D market include Dishman Group, Divi’s Nutraceutical, Stabicoat Vitamins, Lycored, Bio-Tech Pharmacal, Kingdom Nutrition Inc., New Gen Pharma Inc., Koninklijke DSM N.V., BASF, and Tocris Bioscience, among others.
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