Global Vitamin D Ingredients Market: Overview
Vitamin D ingredients can be utilized in diluted drinks. Customers mainly opt for vitamin D drinks, owing to the cultural fondness of beverages in various American and European countries. The consumption rate of beverages containing vitamin D, such as juices, fortified drinks, etc., is on the rise, due to huge product demand and popularity. Beverages are easy to consume as compared to food items and consumers perceive beverages as the easiest way to digest the necessary vitamins and proteins.
Global Vitamin D Ingredients Market: Growth Factors
The major growth drivers of the vitamin D ingredients market include easy regulations and individual categorization of dietetic supplements from food products. Vitamin D ingredients are mainly listed with the dietary supplement group of FDA, which is basically a separate category created to differentiate these particular products from food items. According to FDA, these supplements are not anticipated to diagnose, treat, prevent, or cure any kind of diseases. These aspects are meant to be utilized by several drug producers, yet the vitamin D manufacturers are able to sell their products in the market effortlessly. Several regulatory bodies promote the advantages and utilization of vitamin D and the issues related to vitamin D deficiency along with its intake limits. These factors are likely further drive the expansion of the vitamin D ingredients market on a global level.
Global Vitamin D Ingredients Market: Segmentation
The vitamin D ingredients market is fragmented in terms of product type, source, application, and form. Based on product type, this global market is bifurcated into vitamin D2 and vitamin D3. On the basis of source, the market for vitamin D ingredients is divided into plant, fruits, and vegetables, animals, fish, eggs, milk, and others (yeast, fungi, microalgae, etc.). By application, this market includes food, pharmaceuticals, cosmetics, beverages, pet food and animal feed, and others. The pharmaceutical segment is likely to dominate the vitamin D ingredients market. The form segment of the vitamin D ingredients market includes liquid, resin, and powder.
Global Vitamin D Ingredients Market: Regional Analysis
The vitamin D ingredients market is categorized into the Middle East and Africa, Europe, North America, Asia Pacific, and Latin America. North America is likely to be led by the U.S. and is expected to witness steady development in the upcoming years. Favorable government rules and regulations along with growing concerns and issues related to health are expected to drive this regional market’s expansion. The European vitamin D ingredients market, which is mainly driven by France, Italy, Germany and UK, is likely to witness a considerable rate of growth during the forecast timeframe. This can be due to the growing application scales of pharmaceutical and personal care sectors. The Asia Pacific vitamin D ingredients market, which is likely to be led by India, Japan, South Korea, and China, is likely to witness a steady growth rate in the upcoming years. This is due to significant developments made in the pharmaceutical, and feed and functional food sectors.
Global Vitamin D Ingredients Market: Competitive Players
Some of the most significant players operating in the global vitamin D ingredients market include Dishman Netherland, BASF, LycoRed Limited, Barr Pharmaceuticals, Fermenta Biotech, Zhejiang Garden Bio-Chemical High-tech, Schiff Nutrition International, J.R. Carlson Laboratories, and Glaxo Smith Kline, among others.
Global Vitamin D Ingredients Market: Regional Segment Analysis
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