Market Size in 2023 | Market Forecast in 2032 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1432.04 Million | USD 2398.94 Million | 5.9% | 2023 |
Zion Market Research has published a report on the global Vitamin D Market, estimating its value at USD 1432.04 Million in 2023, with projections indicating that it will reach USD 2398.94 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.9% over the forecast period 2024-2032.
The report explores the factors fueling market growth, the hitches that could hamper this expansion, and the opportunities that may arise in the Vitamin D industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
Vitamin is one of the essential nutrients for the human body. Many of the body nutrients can produce on their own, but vitamin require to taken from outsides. Vitamin D is classified as a fat soluble vitamin. The body produces vitamin D in response to sunlight. Vitamin D performs one of the important functions of the human body. The benefit provided by vitamin includes maintain of healthy bone, teeth, regulate insulin level, support lungs function, health of cardiovascular function and others.
Rising vitamin D related disorder is one of the major driving factors for the growth of the market. Diagnostic test coupled with increasing doctor recommendation is also one of the major driving factors for the growth of the market. Increasing Deficiency of vitamin D2 and D3 is also considered one of the major driving factors for the growth of the market. High diagnostic test followed with lack of awareness is also considered one of the major factors which can curb the growth of the market. Untapped market followed by government regulation will bring the huge opportunities for the growth of the market.
The Vitamin D market is segmented based on analog, application and end-user. By analog type, the market is divided into Vitamin D2 and Vitamin D3. On the basis of application, the Vitamin D market includes Pharmaceuticals, Functional Food, Beverage, Personal Care, Feed & Pet Food and Others. On the basis of end-Users, the Vitamin D market is segmented into Adult, Children and Pregnant women. Based on End- Users Adult segment accounted for the largest market share and followed by the most attractive segment which grows at a highest CAGR within the forecasted year. Region-wise, the global market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Report Attributes | Report Details |
---|---|
Report Name | Vitamin D Market |
Market Size in 2023 | USD 1432.04 Million |
Market Forecast in 2032 | USD 2398.94 Million |
Growth Rate | CAGR of 5.9% |
Number of Pages | 110 |
Key Companies Covered | Kraft Foods Group, BASF, Pfizer, Koninklijke DSM, Nestlé S.A., Synthesia, ADM Alliance Nutrition Inc., Abbott Laboratories, Groupe Danone S.A. and Others |
Segments Covered | By Product, By Application, By End-User And By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2023 |
Historical Year | 2018 to 2022 |
Forecast Year | 2024 - 2032 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The North America Vitamin D market is projected to hold the largest share globally in the future, owing to the increased advanced healthcare facilities followed by high per capita healthcare expenditures. Further, presence of major players and awareness is expected to fuel growth of the market in the Europe. The Asia Pacific Vitamin D market is anticipated to grow at a rapid rate in the years ahead, increasing demand for advanced Vitamin D in China and India of the region.
Some main participants of the Vitamin D market are-
By Product
By Application
End-User
By Region
FrequentlyAsked Questions
Increase in the geriatric population, rising treatment of chronic diseases, increasing incidences related to bone related disorder, and rising awareness about the importance of Vitamin D among global population are some among the major factors driving growth of the global Vitamin D Market.
global Vitamin D Market, estimating its value at USD 1432.04 Million in 2023, with projections indicating that it will reach USD 2398.94 Million by 2032. The market is expected to expand at a compound annual growth rate (CAGR) of 5.9% over the forecast period 2024-2032.
The North American Vitamin D market is projected to hold the largest share globally in the future. Growing awareness, rising geriatric population, and increasing treatment of chronic diseases in the region is expected to propel the demand.
Some main participants of the Vitamin D market are Kraft Foods Group, BASF, Pfizer, Koninklijke DSM, Nestlé S.A., Synthesia, ADM Alliance Nutrition Inc., Abbott Laboratories, Groupe Danone S.A. and Others.
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