How Will The Vitamin D Market Globally Expand In 2023?
The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032
The Business Research Company’s vitamin D market report forecasts the vitamin D market size to grow to $2.11 Billion by 2027, with a CAGR (compound annual growth rate) of more than 9%.
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Vitamin D Market Size Forecast
The global vitamin D market is expected to grow from $1.36 billion in 2022 to $1.47 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vitamin d market size is expected to grow to $2.11 billion in 2027 at a CAGR of 9.4%.
North America held the largest vitamin D market share.
Key Vitamin D Market Driver – Rise In Incidences Of Osteoporosis In Women
According to the International Osteoporosis Foundation (IOF) facts and statistics, approximately 25.5 million women (22.1% of women over the age of 50) in Europe were expected to have osteoporosis in 2019. Furthermore, by 2025, the global incidence of hip fracture in women is expected to rise by 240%. As a result, the rise in osteoporosis in women will propel the vitamin D market forward.
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Key Vitamin D Market Trend – Adopting Faster-Acting Vitamin D Supplement
Faster-acting vitamin D supplements are nutrients that help the body achieve optimal vitamin D levels faster than traditional vitamin D. These are novel and effective vitamin D supplements that are used to treat and recover patients who are severely deficient in vitamin D. Key players are focusing on providing faster-acting vitamin D supplements to strengthen their market position. For example, Royal DSM, a Dutch chemical company focused on nutrition, health, and sustainable living, will launch ampli-D, a fast-acting form of vitamin D for dietary supplements, in Australia in March 2021. It is a more effective and faster supplement, allowing the body to reach adequate vitamin D levels to support immune health in days and weeks rather than months. The supplement claims to be three times more effective than standard vitamin D3 supplements.
Vitamin D Market Segment
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
Vitamin D Market Major Players and Strategies
Major players in the vitamin D market are BASF, DSM, Fermenta Biotech, Xiamen Kingdomway Vitamin Co Ltd., Zhejiang Medicine, Cadila Pharmaceutical, Glanbia, Nestle, Pfizer, ADM Animal Nutrition, Nature’s Bounty, GlaxoSmithKline, Bayer, Abbott Nutrition, Amway, General Nutrition Centers, Otsuka Holdings, Everidis Health Sciences, Kraft Foods Group, Thorne Research, GHC Holdings and Dishman Group.
Unilever plc, a UK-based consumer goods company, acquired SmartyPants Vitamins for an undisclosed sum in December 2020. This acquisition is expected to add to Unilever’s supplement and functional nutrient portfolio. SmartyPants Vitamins is a vitamin, mineral, and supplement company based in the United States.
The Vitamin D Global Market Report 2023 covers regional data on vitamin D market size, vitamin D market trends and drivers, opportunities, strategies, and vitamin D market competitor analysis. The countries covered in the vitamin D market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Vitamin D is a nutrient that the body needs in small amounts in order to function and stay healthy. The body uses calcium, phosphorus, and vitamin D to build healthy bones and teeth. It can dissolve in fats and oils and is found in dairy products, fatty fish, and egg yolks. It also helps to maintain bone structure and strength.
View More Reports Related To The Vitamin D Market –
Vitamin And Minerals Global Market Report 2023
Food Encapsulation Global Market Report 2023
Nutritional Feed Additives Global Market Report 2023
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