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PUBLISHER: Meticulous Research | PRODUCT CODE: 1518434

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PUBLISHER: Meticulous Research | PRODUCT CODE: 1518434

Vitamin D Market by Analog (Vitamin D3, Vitamin D2), Source (Plant-sourced, Animal-sourced), Form (Dry, Liquid), Application (Pharmaceuticals, Food & Beverages, Feed & Pet Food, Personal Care) - Global Forecast to 2030

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Vitamin D Market Size, Share, Forecast, & Trends Analysis by Analog (Vitamin D3, Vitamin D2), Source (Plant-sourced, Animal-sourced), Form (Dry, Liquid), Application (Pharmaceuticals, Food & Beverage, Feed & Pet Food, Personal Care)-Global Forecast to 2030

According to the research report titled, 'Vitamin D Market Size, Share, Forecast, & Trends Analysis by Analog (Vitamin D3, Vitamin D2), Source (Plant-sourced, Animal-sourced), Form (Dry, Liquid), Application (Pharmaceuticals, Food & Beverage, Feed & Pet Food, Personal Care)-Global Forecast to 2030,' the vitamin-D market is projected to reach $2.43 billion by 2030, at a CAGR of 7.1% during the forecast period 2023-2030. This report provides an in-depth analysis of the functional ingredients market across five major regions, emphasizing the current market trends, market sizes, recent developments, and forecasts till 2030.

Following extensive secondary and primary research and an in-depth analysis of the market scenario, the report conducts an impact analysis of the key industry drivers, restraints, opportunities, and trends. The growth of this market is mainly driven by the growing demand for vitamins for the enrichment or fortification of food and beverages, the increasing prevalence of vitamin D deficiency, the growing health & wellness trends, growing consumer awareness about the adverse effects of insufficiency of vitamin D, the rise in the incidence of osteoporosis in women, and growing demand for dietary supplements. However, the rising demand from the personal care and cosmetics industries is likely to create opportunities for stakeholders operating in this market. Stringent regulations governing the fortification of food & feed products are projected to impede market growth to some extent.

The key players operating in the vitamin D market are BASF SE (Germany), Dishman Carbogen Amcis Ltd (India), Divi's Laboratories Ltd. (India), Fermenta Biotech Limited (India), Koninklijke DSM N.V. (Netherlands), Lycored Corp. (Israel), NewGen Pharma Inc. (U.S.), Synthesia a.s. (Czech Republic), Taizhou Hisound Pharmaceutical Co., Ltd. (China), Zhejiang Garden Biochemical High-tech Co., LTD (China), and Zhejiang Medicine Co., Ltd. (China).

Based on analog, the vitamin D market is segmented into vitamin D2 and D3. In 2023, the vitamin D3 segment is expected to account for a larger share of the vitamin D market. The large share of this segment is mainly attributed to the growing awareness regarding multiple applications of vitamin D3 and the rising number of rheumatoid arthritis patients and other bone-related disorders in people.

However, the vitamin D2 segment is expected to register the highest CAGR during the forecast period of 2023-2030 due to its growing importance in the treatment of various calcium disorders and parathyroid disorders. Moreover, the rising incidence of vitamin D deficiency, preference for a balanced diet, rising demand for vitamin D supplements & foods, and prevalence of chronic kidney diseases play a vital role in bone health and help absorb calcium and phosphorus. In addition, factors such as the presence of key manufacturers and the rising adoption of vitamin D3 in fortified food products to promote calcium absorption and bone mineralization are further expected to support the growth of this market.

Based on source, the vitamin D market is segmented into plant-sourced and animal-sourced. The plant-sourced segment is projected to register the highest CAGR during the forecast period of 2023-2030 due to rising consumer preference for plant-based products, a growing vegan population, increasing intolerance for animal-derived ingredients, easy availability of raw materials, and comparatively lower cost of production.

Based on form, the vitamin D market is segmented into dry form and liquid form. In 2023, the dry form segment is expected to account for a larger share of the global vitamin D market. The large market share of this segment is mainly attributed to the higher demand for dry form due to its benefits, such as product stability, extended shelf life, and ease of handling, transportation, and storage. In addition, there is an increasing demand for vitamin D in powder and capsule forms for its high solubility.

Based on the application, the vitamin D market is segmented into pharmaceuticals, food & beverage, pet food & feed, and personal care. The food & beverage segment is projected to register the highest CAGR during the forecast period of 2023-2030. The growth of this segment is driven by the increasing demand for fortified foods, rising consumer awareness regarding the health benefits of vitamin D, and growing health & wellness trends.

An in-depth geographic analysis of the industry provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa) and the coverage of major countries in each region. In 2023, Asia-Pacific is expected to account for the largest share of the vitamin D market owing to the presence of key manufacturers, the growing demand for functional food ingredients, rising cases of rickets, and increasing disposable income in the region. In addition, the high deficiency of vitamin D in the region further supports this market's growth. For instance, Malaysia has a high deficiency of vitamin D compared to other countries worldwide, owing to the country's high prevalence of various non-communicable diseases. According to Malaysia's National Health Survey, the prevalence of diabetes mellitus is increasing rapidly in Malaysia.

Key Questions Answered in the Report:

  • Which are the high-growth market segments in terms of analog, source, form, application, and region/country?
  • What was the historical market size for vitamin D across the globe?
  • What are the market forecasts and estimates for 2023-2030?
  • What are the major drivers, restraints, opportunities, and challenges in the vitamin D market?
  • Who are the major players in the vitamin D market?
  • How is the competitive landscape, and who are the market leaders in the vitamin D market?
  • What are the recent developments in the vitamin D market?
  • What are the geographical trends and high-growth regions/countries?
  • Who are the local emerging players in the vitamin D market, and how do they compete with the global players?

Scope of the Report:

Vitamin D Market Assessment-by Analog

  • Vitamin D3
  • Vitamin D2

Vitamin D Market Assessment-by Source

  • Plant-sourced
  • Animal-sourced

Vitamin D Market Assessment-by Form

  • Liquid Form
  • Dry Form

Vitamin D Market Assessment-by Application

  • Pharmaceuticals
  • Food & Beverage
  • Feed & Pet Food
  • Personal Care

Vitamin D Market Assessment-by Geography

  • North America
  • U.S.
  • Canada
  • Europe
  • France
  • Germany
  • Italy
  • U.K.
  • Spain
  • Rest of Europe
  • Asia-Pacific (APAC)
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • Rest of APAC (RoAPAC)
  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America (RoLATAM)
  • Middle East & Africa
Product Code: MRFB - 104757

TABLE OF CONTENTS

1. Introduction

  • 1.1. Market Definition
  • 1.2. Market Ecosystem
  • 1.3. Currency
  • 1.4. Key Stakeholders

2. Research Methodology

  • 2.1. Research Process
  • 2.2. Data Collection & Validation
    • 2.2.1. Secondary Research
    • 2.2.2. Primary Research
  • 2.3. Market Assessment
    • 2.3.1. Market Size Estimation
      • 2.3.1.1. Bottom-up Approach
      • 2.3.1.2. Top-down Approach
      • 2.3.1.3. Growth Forecast
    • 2.3.2. Market Share Estimation
  • 2.4. Assumptions for the Study
  • 2.5. Limitations of the Study

3. Executive Summary

  • 3.1. Introduction
  • 3.2. Segment Analysis
  • 3.3. Regional Analysis
  • 3.4. Key Players

4. Market Insights

  • 4.1. Introduction
  • 4.2. Drivers
    • 4.2.1. Growing Preference for Fortified Foods Fuels the Growth of the Vitamin D Market
    • 4.2.2. Growing Prevalence of Vitamin D Deficiency
    • 4.2.3. Increasing Consumer Awareness About the Adverse Effects of Insufficiency of Vitamin D
    • 4.2.4. Rising Demand for Dietary Supplements
  • 4.3. Restraints
    • 4.3.1. Stringent Regulation Related to the Fortification of Food and Feed Products
  • 4.4. Opportunities
    • 4.4.1. Usages of Vitamin D in Personal Care Products
  • 4.5. Challenges
    • 4.5.1. Lack of Standardized Regulatory Framework
  • 4.6. Impact of COVID-19 on the Vitamin D Market

5. Global Vitamin D Market, by Analog

  • 5.1. Introduction
  • 5.2. Vitamin D3
  • 5.3. Vitamin D2

6. Global Vitamin D Market, by Source

  • 6.1. Introduction
  • 6.2. Plant-sourced Vitamin D
  • 6.3. Animal-sourced Vitamin D

7. Global Vitamin D Market, by Form

  • 7.1. Introduction
  • 7.2. Dry Form
  • 7.3. Liquid Form

8. Global Vitamin D Market, by Application

  • 8.1. Introduction
  • 8.2. Pharmaceuticals
  • 8.3. Food & Beverage
  • 8.4. Feed & Pet Food
  • 8.5. Personal Care

9. Vitamin D Market, by Geography

  • 9.1. Introduction
  • 9.2. North America
    • 9.2.1. U.S.
    • 9.2.2. Canada
  • 9.3. Europe
    • 9.3.1. France
    • 9.3.2. Germany
    • 9.3.3. Italy
    • 9.3.4. U.K.
    • 9.3.5. Spain
    • 9.3.6. Rest of Europe (RoE)
  • 9.4. Asia-Pacific
    • 9.4.1. China
    • 9.4.2. India
    • 9.4.3. Japan
    • 9.4.4. Australia
    • 9.4.5. South Korea
    • 9.4.6. Rest of Asia-Pacific
  • 9.5. Latin America
    • 9.5.1. Brazil
    • 9.5.2. Mexico
    • 9.5.3. Rest of Latin America (RoLATAM)
  • 9.6. Middle East & Africa

10. Competitive Landscape

  • 10.1. Introduction
  • 10.2. Key Growth Strategies
  • 10.3. Competitive Benchmarking

11. Company Profiles (Business Overview, Financial Overview, Product Portfolio, Strategic Developments)

  • 11.1. BASF SE
  • 11.2. Dishman Carbogen Amcis Ltd
  • 11.3. Divi's Laboratories Ltd.
  • 11.4. Fermenta Biotech Limited
  • 11.5. Koninklijke DSM N.V.
  • 11.6. Lycored Corp.
  • 11.7. NewGen Pharma Inc.
  • 11.8. Synthesia, a.s.
  • 11.9. Taizhou Hisound Pharmaceutical Co., Ltd.
  • 11.10. Zhejiang Garden Biochemical High-tech Co., LTD
  • 11.11. Zhejiang Medicine Co., Ltd.

12. Appendix

  • 11.1. Questionnaire
  • 11.2. Available Customization
Product Code: MRFB - 104757

LIST OF TABLES

  • Table 1 Global Vitamin D Market, Impact Analysis of Market Drivers, 2024-2030
  • Table 2 Global Vitamin D Market, Impact Analysis of Market Restraints, 2024-2030
  • Table 3 Global Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 4 Global Vitamin D3 Market Size, by Country/Region, 2021-2030 (USD Million)
  • Table 5 Global Vitamin D2 Market Size, by Country/Region, 2021-2030 (USD Million)
  • Table 6 Global Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 7 Global Plant-sourced Vitamin D Market Size, by Country/Region, 2021-2030 (USD Million)
  • Table 8 Global Animal-sourced Vitamin D Market Size, by Country/Region, 2021-2030 (USD Million)
  • Table 9 Global Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 10 Global Dry Vitamin D Market Size, by Country/Region, 2021-2030 (USD Million)
  • Table 11 Global Liquid Vitamin D Market Size, by Country/Region, 2021-2030 (USD Million)
  • Table 12 Global Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 13 Global Vitamin D Market Size for Pharmaceuticals, by Country/Region, 2021-2030 (USD Million)
  • Table 14 Global Vitamin D Market Size for Food & Beverages, by Country/Region, 2021-2030 (USD Million)
  • Table 15 Global Vitamin D Market Size for Feed & Pet Food, by Country/Region, 2021-2030 (USD Million)
  • Table 16 Global Vitamin D Market Size for Personal Care, by Country/Region, 2021-2030 (USD Million)
  • Table 17 North America: Vitamin D Market Size, by Country, 2021-2030 (USD Million)
  • Table 18 North America: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 19 North America: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 20 North America: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 21 North America: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 22 U.S.: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 23 U.S.: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 24 U.S.: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 25 U.S.: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 26 Canada: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 27 Canada: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 28 Canada: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 29 Canada: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 30 Europe: Vitamin D Market Size, by Country, 2021-2030 (USD Million)
  • Table 31 Europe: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 32 Europe: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 33 Europe: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 34 Europe: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 35 France: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 36 France: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 37 France: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 38 France: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 39 Germany: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 40 Germany: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 41 Germany: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 42 Germany: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 43 Italy: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 44 Italy: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 45 Italy: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 46 Italy: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 47 U.K.: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 48 U.K.: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 49 U.K.: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 50 U.K.: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 51 Spain: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 52 Spain: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 53 Spain: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 54 Spain: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 55 Rest of Europe (RoE): Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 56 Rest of Europe: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 57 Rest of Europe (RoE): Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 58 Rest of Europe (RoE): Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 59 Asia-Pacific: Vitamin D Market Size, by Country, 2021-2030 (USD Million)
  • Table 60 Asia-Pacific: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 61 Asia-Pacific: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 62 Asia-Pacific: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 63 Asia-Pacific: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 64 China: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 65 China: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 66 China: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 67 China: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 68 India: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 69 India: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 70 India: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 71 India: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 72 Japan: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 73 Japan: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 74 Japan: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 75 Japan: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 76 Australia: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 77 Australia: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 78 Australia: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 79 Australia: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 80 South Korea: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 81 South Korea: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 82 South Korea: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 83 South Korea: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 84 Rest of Asia-Pacific: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 85 Rest of Asia-Pacific: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 86 Rest of Asia-Pacific: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 87 Rest of Asia-Pacific: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 88 Latin America: Vitamin D Market Size, by Country, 2021-2030 (USD Million)
  • Table 89 Latin America: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 90 Latin America: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 91 Latin America: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 92 Latin America: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 93 Brazil: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 94 Brazil: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 95 Brazil: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 96 Brazil: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 97 Mexico: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 98 Mexico: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 99 Mexico: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 100 Mexico: Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 101 Rest of Latin America (RoLATAM): Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 102 Rest of Latin America: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 103 Rest of Latin America (RoLATAM): Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 104 Rest of Latin America (RoLATAM): Vitamin D Market Size, by Application, 2021-2030 (USD Million)
  • Table 105 Middle East & Africa: Vitamin D Market Size, by Analog, 2021-2030 (USD Million)
  • Table 106 Middle East & Africa: Vitamin D Market Size, by Source, 2021-2030 (USD Million)
  • Table 107 Middle East & Africa: Vitamin D Market Size, by Form, 2021-2030 (USD Million)
  • Table 108 Middle East & Africa: Vitamin D Market Size, by Application, 2021-2030 (USD Million)

LIST OF FIGURES

  • Figure 1 Market Ecosystem
  • Figure 2 Research Process
  • Figure 3 Key Secondary Sources
  • Figure 4 Primary Research Techniques
  • Figure 5 Key Executives Interviewed
  • Figure 6 Breakdown of Primary Interviews (Supply-Side & Demand-Side)
  • Figure 7 Market Size Estimation
  • Figure 8 In 2024, the Vitamin D3 Segment to Dominate the Market
  • Figure 9 The Plant-sourced Vitamin D Segment Leads the Growth During the Forecast Period
  • Figure 10 In 2024, the Dry Form Vitamin D Segment to Dominate the Market
  • Figure 11 In 2024, the Pharmaceuticals Segment is Expected to Dominate the Market
  • Figure 12 In 2024, Asia-Pacific to Dominate the Overall Vitamin D Market
  • Figure 13 Market Dynamics
  • Figure 14 Global Vitamin D Market Size, by Analog, 2024 Vs. 2030 (USD Million)
  • Figure 15 Global Vitamin D Market Size, by Source, 2024 Vs. 2030 (USD Million)
  • Figure 16 Global Vitamin D Market Size, by Form, 2024 Vs. 2030 (USD Million)
  • Figure 17 Global Vitamin D Market Size, by Application, 2024 Vs. 2030 (USD Million)
  • Figure 18 Global Vitamin D Market Size, by Region, 2024 Vs. 2030 (USD Million)
  • Figure 19 North America: Vitamin D Market Snapshot, 2024
  • Figure 20 Europe: Vitamin D Market Snapshot, 2024
  • Figure 21 Asia-Pacific: Vitamin D Market Snapshot, 2024
  • Figure 22 Latin America: Vitamin D Market Snapshot, 2024
  • Figure 23 Middle East & Africa: Vitamin D Market Snapshot, 2024
  • Figure 24 Key Growth Strategies Adopted by Leading Players (2020-2024)
  • Figure 25 Vitamin D Market: Competitive Benchmarking, by Analog
  • Figure 26 Vitamin D Market: Competitive Benchmarking, by Form
  • Figure 27 BASF SE: Financial Overview, 2022
  • Figure 28 Fermenta Biotech Limited: Financial Overview, 2022
  • Figure 29 Koninklijke DSM N.V.: Financial Overview, 2022
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