According to a new market report published by Lucintel, the future of the vitamin D market looks promising with opportunities in functional food and beverage, pharmaceutical, animal feed and pet food, and personal care applications. The global vitamin D market is expected to grow with a CAGR of 11% from 2020 to 2025. The major drivers for this market are growing awareness of vitamin D deficiency among consumers, increasing demand for a balanced diet, and growing bone and joint health cases all over the world.
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Vitamin D3 is an essential micronutrient required for the maintenance of the bones. In this market, vitamin D2 and vitamin D3 are the major analog type. Lucintel forecasts that vitamin D2 will remain the largest segment over the forecast period due to wide applications of vitamin D2.
Within this market, pharmaceuticals will remain the largest segment by application over the forecast period due to the factors such as high cost associated with the IU level or potency level of vitamin D used in the pharmaceutical industry and very low quantity of vitamin D is used in pharmaceuticals, due to its high quality, and thus, the volume market is comparatively less than other applications.
Asia Pacific will remain the largest region over the forecast period due to the rise in income levels, significant consumer demand for nutritional and healthy products, and diversification of the region’s functional food and beverage products.
Archer Daniels Midland, Nestlé, Taizhou Haisheng Pharmaceutical, Pfizer, Groupe Danone, Abbott Laboratories, BASF, Koninklijke DSM, and Fermenta Biotech are among the major suppliers in the global vitamin D market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global vitamin D market by analog, application, end user, product form, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global Vitamin D Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global vitamin D market by analog, application, end user, product form, and region as follows:
By Analog [$M shipment analysis for 2014 – 2025]:
By Application [$M shipment analysis for 2014 – 2025]:
Functional Food & Beverages
Pharmaceuticals
Animal Feed & Pet Food
Personal Care
By End User [$M shipment analysis for 2014 – 2025]:
Children
Adults
Pregnant Women
By Product Form [$M shipment analysis for 2014 – 2025]:
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
France
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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