Insights into the Future Growth Potential of the Vitamin D Market 2024-2033
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What is the Expected Expansion Rate of the Vitamin D Market in the 2024-2033 Forecast?
The vitamin D market is forecast to grow from $1.51 billion in 2023 to $1.66 billion in 2024, achieving a CAGR of 10.0%, supported by rising awareness of vitamin D deficiency and an aging population.
The vitamin D market is projected to reach $2.45 billion by 2028, at a CAGR of 10.2%. Growth is driven by the rising demand for dietary supplements, focus on preventive healthcare, health and wellness interest, research into Vitamin D benefits, and the increasing incidence of chronic diseases. Key trends include fortifying food with vitamin D, expanding vegan sources, personalized nutrition, vitamin D in skincare, and online retailing of supplements.
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What Factors Are Catalyzing the Growth of the vitamin d Market?
The growing incidence of osteoporosis in women is expected to drive the growth of the vitamin D market. Osteoporosis, caused by reduced bone mineral density, is commonly linked to a lack of calcium and vitamin D. The increasing prevalence of osteoporosis in women, particularly post-menopause, is expected to elevate the demand for vitamin D, which aids in calcium absorption and bone health. The International Osteoporosis Foundation reported that by 2019, around 25.5 million women in Europe had osteoporosis, and the global incidence of hip fractures in women is expected to rise by 240% by 2025. Thus, the rising cases of osteoporosis in women are likely to boost the vitamin D market.
Which Segments Are Important in the Vitamin D Market Landscape?
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
What Are the Groundbreaking Trends in the 66 Market?
Faster-acting vitamin D supplements are gaining popularity in the vitamin D market, offering quicker restoration of optimal vitamin D levels in the body. For instance, in March 2021, Royal DSM introduced ampli-D in Australia, a fast-acting vitamin D supplement designed to support immune health. This innovative supplement enables the body to achieve adequate vitamin D levels more rapidly compared to conventional supplements, offering three times the speed and effectiveness in addressing severe vitamin D deficiency.
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What Are the Key Regions Powering Growth in the Vitamin D Market?
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 Vitamin D Global Market Report 2024 offers a comprehensive overview of the audio equipment market, covering historical data from 2010 to 2021 and providing a ten-year forecast from 2023 to 2032. This report examines the size of the vitamin d market, its market share, and analyzes key competitors along with their market positions.
The Table Of Content For The Vitamin D Market Include
1. Vitamin D Market Executive Summary
2. Vitamin D Market Segments
3. Vitamin D Market Size And Template Market Growth Rate
4. Key Vitamin D Market Trends
5. Major Vitamin D Market Drivers
……
25. Key Mergers And Acquisitions In The Vitamin D Market
26. Top Vitamin D Companies
27. Vitamin D Market Opportunities And Strategies
28. Vitamin D Market, Conclusions And Recommendations
29. Appendix
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