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Global Vitamin D Market insightJanuary 4, 2022 Comments
The Vitamin D Technology is forecast to crazy increase over the next four years. According to the World Knowledge Information (WKI) “Global Vitamin D Market insight 2021, Forecast to 2026”. With the rapid improvement of people’s health awareness and the impact of the COVID-19, the Vitamin D industry is developing at an incredible speed. The compound annual growth rate (CAGR) for the 2021-2026 period is projected to be 6.2% base on WKI regression analysis model.
“The improvement of people’s health, especially the demand for daily health products, has promoted the development of Vitamin D.” said Jimmy Joy, Senior analyst, Healthcare Market Research Center in WKI. “Instead of curing disease, Vitamin D is Improving our body’s immunity and enhance the body’s ability to resist diseases.”
A review of research by NICE suggests there is no evidence to support taking vitamin D supplements to specifically prevent or treat coronavirus. But experts think that it may have some broader health benefits during the pandemic to keep people as nutritionally fit as possible. Furthermore, the product is being widely used in pet food and animal feed products to enhance these products’ nutritional value. Growing awareness regarding pet health has resulted in a shift towards the purchase of nutritious food products by pet owners, which is expected to positively impact pet food over the forecast period, thereby propelling the demand for pet food fortified with vitamin D.
In January 2019, Zhejiang Xinhecheng (China) and DSM (Netherlands) signed an agreement for the sale and purchase of cholesterol. Cholesterol is used to produce vitamin D3. This agreement would help the company to increase its overall capacity and productivity of Vitamin D. And Fermenta Biotech Limited (India) executed a 99-year lease agreement to acquire a land of about 40,000-square-meter from the Gujarat Industrial Development Corporation (GIDC) authority, Ankleshwar, Sayakha, for future expansion. The company aims to commence manufacturing Vitamin D by the end of 2020. More and more market participants will participate. Some of the leading players will include in our report: Royal DSM, BASF, Pfizer, Kingdomway, Zhejiang Garden Biochemical High-Tech, Fermenta, Zhejiang Xinhecheng, etc.
Segmentation of Vitamin D Market:
By form, the dry segment is estimated to account for a larger share in the market in 2026. The dry form of vitamin D is preferred by manufacturers due to its greater stability, ease of handling and storage, and convenience of usage in a wide range of products. As a result, it is a popular choice among the food and beverage, feed and pet food, and pharmaceutical manufacturers. Moreover, the production of vitamin D consumables in tablets and capsules form is anticipated to increase its penetration in medication prescribed by doctors. Major dry vitamin D applications include food fortification, dietary supplements, functional food & beverage, and medical food. The liquid vitamin D segment is anticipated to accelerate at a moderate rate owing to its limited usage in pharmaceutical and food and beverage applications. The liquid product is prominently used in food supplements to boost immunity, maintain cardiovascular health, and support bone and dental health. The liquid formula generally offers 100 to 1,000 IU per drop and is preferably used in food items and drinks. Superior absorbability of liquid product and prominent ways to treat vitamin D deficiency by directly administering it into the body is expected to increase its popularity. The growing demand for liquid dietary supplements in the sports nutrition section is expected to boost the segment growth over the forecast period.
Vitamin D Market: Regional Analysis
In terms of geography, the global hand sanitizer market has been segmented into: North America, Asia Pacific, Europe, South America, and the Middle East and Africa. The presence of an established pharmaceutical industry in the U.S. has played a vital role in promoting the growth of the vitamin D market. So, the U.S. dominated the market and accounted for over 78% share of total revenue in 2019. The deficiency of vitamin D is widespread in Asia Pacific, particularly in South and Southeast Asia. Furthermore, the rise in income levels and significant consumer demand for nutritional & healthy products are expected to provide promising prospects for the growth and diversification of the region’s functional food & beverage products, in turn, leading to growth in the consumption of vitamin-infused products. China and India are two of the most favorable markets for vitamin D manufacturers for expansion, due to the rising demand for animal feed, fortified food products, and easy availability of raw materials.
Largest share area：North America
Largest share country：America