Vitamin D Global Market Report 2024

Description

“Vitamin D Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on vitamin d market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
Identify growth segments for investment.
Outperform competitors using forecast data and the drivers and trends shaping the market.
Understand customers based on the latest market shares.
Benchmark performance against key competitors.
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Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
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Where is the largest and fastest growing market for vitamin d? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The vitamin d market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Vitamin D3; Vitamin D2
2) By IU Strength: 500,000 IU; 100,000 IU; 40 MIU
3) By Form: Oil; Powder
4) By End User: Adults; Pregnant Women; Children
Companies Mentioned: BASF SE; Koninklijke DSM NV; Fermenta Biotech Ltd.; Xiamen Kingdomway Vitamin Co. Ltd.; Zhejiang Medicine Co. Ltd.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Vitamin D is a crucial nutrient required by the body in small amounts to maintain overall health. It plays a vital role in the absorption of calcium and phosphorus, essential for the development and maintenance of healthy bones and teeth. Vitamin D is soluble in fats and oils and is found in various food sources such as dairy products, fatty fish, and egg yolks.

There are two main types of vitamin D, vitamin D3 (cholecalciferol) and vitamin D2. Vitamin D3 is primarily derived from animal-based sources like oil, egg yolk, and butter, as well as dietary supplements. It facilitates the absorption of calcium in the body and is often used to treat conditions such as osteomalacia or rickets. Vitamin D3 is available in different strengths measured in International Units (IU), including 500,000 IU, 100,000 IU, and 40 MIU, and can be in oil or powder form. It is suitable for adults, pregnant women, and children to support their nutritional needs.

The vitamin D market research report is one of a series of new reports from The Business Research Company that provides vitamin D market statistics, including vitamin D industry global market size, regional shares, competitors with a vitamin D market share, detailed vitamin D market segments, market trends and opportunities, and any further data you may need to thrive in the vitamin D industry. This vitamin D market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The vitamin d market size has grown rapidly in recent years. It will grow from $1. 51 billion in 2023 to $1. 66 billion in 2024 at a compound annual growth rate (CAGR) of 10. 0%.

The growth in the historic period can be attributed to an increased awareness of vitamin D deficiency, a growing aging population, a rise in osteoporosis cases, the expansion of the functional food market, and government initiatives promoting vitamin D fortification.

The vitamin d market size is expected to see rapid growth in the next few years. It will grow to $2. 45 billion in 2028 at a compound annual growth rate (CAGR) of 10. 2%. The growth in the forecast period can be attributed to the rising demand for dietary supplements, an emphasis on preventive healthcare, growing consumer interest in health and wellness, research advances in vitamin D benefits, and the increasing incidence of chronic diseases. Major trends in the forecast period include the fortification of various food products with vitamin D, the expansion of vegan vitamin D sources, personalized nutrition and vitamin D testing, and the adoption of vitamin D in beauty and skincare products, as well as the online retailing of vitamin D supplements.

The growth of the vitamin D market is anticipated to be driven by the increasing incidences of osteoporosis in women. Osteoporosis, a bone disease characterized by reduced bone mineral density and mass, is often attributed to insufficient calcium and vitamin D levels in the body. Factors such as family history, parental hip fractures, lower body mass index (BMI), and female gender contribute to the risk of osteoporosis. The heightened prevalence of osteoporosis in women, particularly after menopause, creates a substantial demand for vitamin D. Vitamin D is crucial for calcium and phosphorus absorption, facilitating stronger bone development and aiding in the treatment of conditions causing bone weakness. For example, statistics from the International Osteoporosis Foundation (IOF) revealed that in 2019, approximately 25. 5 million women (22. 1% of women aged +50) were expected to have osteoporosis across Europe, and by 2025, the global incidence of hip fractures in women is projected to increase by 240%. Hence, the rise in osteoporosis among women is expected to fuel the growth of the vitamin D market.

The growth of the vitamin D market is further driven by the increasing prevalence of vitamin D deficiency. Vitamin D deficiency occurs when the body's vitamin D levels fall below normal, resulting in bone mineral loss, bone pain, muscle weakness, and bone softening. Notably, vitamin D supplements are utilized for treating severe deficiencies. According to data from HealthMatch in November 2022, 42% of adults in the US experienced vitamin D deficiencies, while 50% of children aged one to five and 70% of children aged six to eleven were affected by vitamin D deficiency. This growing prevalence of vitamin D deficiency contributes significantly to the expansion of the vitamin D market.

A notable trend in the vitamin D market is the popularity of faster-acting vitamin D supplements. These supplements are designed to rapidly balance optimal vitamin D levels in the body, providing quicker results compared to traditional vitamin D supplements. Key industry players are prioritizing the development of faster-acting vitamin D supplements to enhance market competitiveness. For instance, Royal DSM introduced ampli-D in Australia in March 2021, representing a faster-acting form of vitamin D for dietary supplements. Ampli-D is three times faster and more effective than conventional vitamin D3 supplements, allowing the body to attain adequate vitamin D levels for immune health in a matter of days and weeks.

Leading companies in the vitamin D market are focusing on product innovation, exemplified by the introduction of calcium and D3 gummies. These gummies combine essential nutrients, vitamin D3 and calcium, in a palatable and convenient form, particularly beneficial for individuals who struggle with traditional medication forms. Nutrazee, an India-based vegan dietary supplement brand, launched vegan vitamin D3 and calcium gummies in January 2022. These gummies are gluten-free, non-GMO, and free of artificial colors, catering to diverse dietary preferences and needs. Each serving of two gummies provides 200mg of calcium and 400 IU of vitamin D3, while a serving of three gummies contains 300mg of calcium and 600 international units of vitamin D3.

In July 2022, Nestle Health Science S. A. acquired Puravida, a Belgium-based nutrition and lifestyle company, for an undisclosed amount. This acquisition aims to leverage Puravida's expertise in nutrition research and development, expanding the portfolio's breadth and depth across consumer and healthcare professional channels. The collaboration is expected to drive innovation, increase brand visibility, and create new growth opportunities.

Major companies operating in the in the vitamin d market report are BASF SE, Koninklijke DSM NV, Fermenta Biotech Ltd., Xiamen Kingdomway Vitamin Co. Ltd., Zhejiang Medicine Co. Ltd., Abbott Laboratories, Bayer AG, Bluebonnet Nutrition, Carlson Labs, Country Life LLC, Doctor's Best Inc., Douglas Laboratories, Garden of Life LLC, GlaxoSmithKline plc, Jarrow Formulas, Kirkland Signature, Life Extension, Merck & Co. Inc., Metagenics LLC, Pharmavite LLC, Nature's Bounty Co. Ltd., Nestle Health Science SA, Pfizer Inc., Protocol for Life Balance Inc., Pure Encapsulations Inc., Sanofi S. A., Source Naturals Inc., Sundown Naturals Inc., Swanson Health Products Inc., Twinlab Consolidated Corporation, Vital Nutrients Company Inc.

North America was the largest region in the vitmain D market in 2023. The regions covered in the vitamin d market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the vitamin d market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The vitamin D market consists of sales of ergocalciferol, cholecalciferol, and pre-vitamin D. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r10658

1. Executive Summary

2. Vitamin D Market Characteristics

3. Vitamin D Market Trends And Strategies

4. Vitamin D Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Vitamin D Market Size and Growth

5.1. Global Vitamin D Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Vitamin D Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Vitamin D Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Vitamin D Market Segmentation

6.1. Global Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Vitamin D3
Vitamin D2
6.2. Global Vitamin D Market, Segmentation By IU Strength, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
500,000 IU
100,000 IU

40 MIU

6.3. Global Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Oil
Powder
6. 4. Global Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Adults
Pregnant Women
Children

7. Vitamin D Market Regional And Country Analysis

7.1. Global Vitamin D Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Vitamin D Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Vitamin D Market

8.1. Asia-Pacific Vitamin D Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8. 4. Asia-Pacific Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Vitamin D Market

9.1. China Vitamin D Market Overview
9.2. China Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9. 4. China Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Vitamin D Market

10.1. India Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Vitamin D Market

11.1. Japan Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Vitamin D Market

12.1. Australia Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Vitamin D Market

13.1. Indonesia Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Vitamin D Market

14.1. South Korea Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Vitamin D Market

15.1. Western Europe Vitamin D Market Overview
15.2. Western Europe Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15. 4. Western Europe Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Vitamin D Market

16.1. UK Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Vitamin D Market

17.1. Germany Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Vitamin D Market

18. 5. France Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 6. France Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18. 7. France Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Vitamin D Market

19. 9. Italy Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Vitamin D Market

20.13. Spain Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Vitamin D Market

21.1. Eastern Europe Vitamin D Market Overview
21.2. Eastern Europe Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21. 4. Eastern Europe Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Vitamin D Market

22.1. Russia Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Vitamin D Market

23.1. North America Vitamin D Market Overview
23.2. North America Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23. 4. North America Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Vitamin D Market

24.1. USA Vitamin D Market Overview
24.2. USA Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24. 4. USA Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Vitamin D Market

25.1. Canada Vitamin D Market Overview
25.2. Canada Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25. 4. Canada Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Vitamin D Market

26.1. South America Vitamin D Market Overview
26.2. South America Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26. 4. South America Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Vitamin D Market

27.1. Brazil Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Vitamin D Market

28.1. Middle East Vitamin D Market Overview
28.2. Middle East Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28. 4. Middle East Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Vitamin D Market

29.1. Africa Vitamin D Market Overview
29.2. Africa Vitamin D Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Vitamin D Market, Segmentation By Form, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29. 4. Africa Vitamin D Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Vitamin D Market Competitive Landscape And Company Profiles

30.1. Vitamin D Market Competitive Landscape
30.2. Vitamin D Market Company Profiles
- 30.2.1. BASF SE
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1. 4. Financial Performance
- 30.2.2. Koninklijke DSM NV
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2. 4. Financial Performance
- 30.2.3. Fermenta Biotech Ltd.
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3. 4. Financial Performance
- 30.2. 4. Xiamen Kingdomway Vitamin Co. Ltd.
  - 30.2. 4.1. Overview
  - 30.2. 4.2. Products and Services
  - 30.2. 4.3. Strategy
  - 30.2. 4. 4. Financial Performance
- 30.2. 5. Zhejiang Medicine Co. Ltd.
  - 30.2. 5.1. Overview
  - 30.2. 5.2. Products and Services
  - 30.2. 5.3. Strategy
  - 30.2. 5. 4. Financial Performance

31. Global Vitamin D Market Competitive Benchmarking

32. Global Vitamin D Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Vitamin D Market

34. Vitamin D Market Future Outlook and Potential Analysis

34.1 Vitamin D Market In 2028 - Countries Offering Most New Opportunities
34.2 Vitamin D Market In 2028 - Segments Offering Most New Opportunities
34. 3 Vitamin D Market In 2028 - Growth Strategies
- 34.3.1 Market Trend Based Strategies
- 34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35. 4. Research Inquiries
35. 5. The Business Research Company
35. 6. Copyright And Disclaimer