Consumer Goods and Services,  Food and Beverages

Vitamin D market registering itself at a CAGR of 11.20% globally by 2023

Industry Trend Analysis

The global Vitamin D Market was worth USD 1.28 billion in 2014 and is expected to reach approximately USD 3.32 billion by 2023, while registering itself at a compound annual growth rate CAGR of 11.20% during the forecast period. A riflescope is a scope mounted on the highest point of a rifle that enhances one’s point by amplifying and pinpointing an objective. Vitamin D is a hormone that controls the calcium level in platelets. It assists in making the immune system strong and protect against illnesses and conditions, for example, heart problems, cancer, heart issues, osteomalacia, and osteoporosis. The major sources of vitamin D are the vitamin D2 that is present in mushrooms and wheat germ oil among others, and vitamin D3, which is found in fish oils, egg yolk, and liver. The developing attention to the deficiency of vitamin D and expanding suggestion by specialists and affiliations is boosting the demand in the market.

Analog Outlook and Trend Analysis 

On the basis of analog the market is segmented into such as vitamin D2 and vitamin D3. The most significant sources of vitamin D are the vitamin D2 that can be derived from wheat germ oil and mushrooms, and vitamin D3, which can be gotten from liver, fish oils and egg yolk.

Application Outlook and Trend Analysis

Based on application the market is segmented into feed, pharmaceuticals, personal care, functional food and beverages, and pet food. The functional food and beverages portion overwhelmed the vitamin D market in 2014 because of expanding usage of vitamin D in functional food and beverages, for example, milk, cheese, and yogurt.

End User Outlook and Trend Analysis

Based on end users, the vitamin D market is segmented into adults, children and pregnant women. The rising commonness of diseases caused by deficiency of vitamin D and developing recommendation by doctors are some of the boosting factors of the vitamin D market.

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Regional Outlook and Trend Analysis

This market is anticipated to develop significantly, with growing usage of vitamin D in various applications and increasing opportunities in nations such as China, India, Brazil and Italy. In 2013, the North American region was the biggest market. The market in the Asia-Pacific is anticipated to develop at the highest growth rate amid the forecast period.

Competitive Insights 

The Vitamin D market is highly competitive with leading players such as ADM Animal Nutrition, Pfizer, BASF, DSM and Kraft Foods. The leading players in the market implement new product launches and expansions as their chief development methods.

The Vitamin D Market is segmented as follows-

By Analog:

D2
D3

By Application:

Animal feed and pet food
Personal care
Functional food and beverages
Pharmaceuticals

By End User:

Pregnant women
Children
Adults

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By Region

North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
United Arab Emirates
Others

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Some of the key questions answered by the report are:

What was the market size in 2014 and forecast from 2015 to 2023?
What will be the industry market growth from 2015 to 2023?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

Customization of this Report can be done as per client’s requirement.

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