Global demand for Vitamin D market was valued at approximately USD 1001.1 Million in 2019, and is expected to generate revenue of around USD 1,710.2 Million by end of 2026, growing at a CAGR of around 7.01% between 2020 and 2026.
According to the report published by Zion Market Research, global demand for Vitamin D market was valued at approximately USD 1001.1 Million in 2019, and is expected to generate revenue of around USD 1,710.2 Million by end of 2026, growing at a CAGR of around 7.01% between 2020 and 2026.
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.
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 Kraft Foods Group, BASF, Pfizer, Koninklijke DSM, Nestlé S.A., Synthesia, ADM Alliance Nutrition Inc., Abbott Laboratories, Groupe Danone S.A. and Others
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.
According to Zion Market Research, global demand for Vitamin D market is expected to generate revenue of around USD 1710.2 Million by end of 2026, growing at a CAGR of around 7.01% between 2020 and 2026.
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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