Market Research Report
Global Vitamin D Market - 2019-2026
|Published by||DataM Intelligence||Product code||943352|
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|Global Vitamin D Market - 2019-2026|
|Published: June 18, 2020||Content info:||
Vitamin D is a fat-soluble vitamin that is produced endogenously when ultraviolet rays from sunlight strike the skin and trigger vitamin D synthesis. It is naturally present in very few foods. It is also taken as a dietary supplement. Vitamin D is beneficial for promoting calcium absorption in the gut. It maintains the adequate amount of the serum calcium and phosphate concentrations for normal mineralization of bone and preventing the hypocalcemic tetany. It is necessary for bone growth and bone remodeling by osteoblasts and osteoclasts. Vitamin D plays a vital role in cell growth modulation, neuromuscular and immune function, and reduction of inflammation. The global vitamin D market valued USD XX million in 2018 and it is expected to grow at a CAGR of XX% to reach USD XX million by 2026.
The market is driven by the rising demand for Vitamin D with the rising prevalence of vitamin D deficiency, osteoporosis, and osteomalacia. There is rising consumption of Vitamin D supplements among children with malnutrition. Vitamin D is essential for absorbing the phosphorus and calcium from the intestinal tract. It is essential for maintaining regular growth, teeth, and bone development. It provides the appropriate defense against muscle weakness, and thyroid functioning and blood clotting.
The rise in the launch of Vitamin D shall stimulate market growth. For instance, in April 2015, Nordic Naturals had launched the natural vitamin D3 just for infants. Baby's Vitamin D3 is provided in the natural form of vitamin D (cholecalciferol) for optimal absorption and comes in a carrier oil of certified organic extra virgin olive oil. It is packaged in a dropper bottle for easy application during breast-feeding or addition into food or drink.
In October 2014, Nordic Naturals had launched the Vitamin D3 5000. The Vitamin D3 5000 is the premium, high-potency product is formulated to help correct or avoid vitamin D deficiency. It delivers the 5000 I.U. of vitamin D in each soft gel. It will provide fast-track support, particularly for people who don't get sufficient vitamin D through diet or sun exposure. It is an ideal choice for people at increased risk of deficiency, and also makes a perfect companion product to any of the omega-3s.
Several companies are entering into the agreement with the government authorities for expanding their vitamin D3 portfolio. For instance, In January 2019, a leading global manufacturer and supplier of vitamin D3 i.e. Fermenta Biotech Limited had executed a 99-year lease agreement to acquire a land of about 40,000-square-meter from the Gujarat Industrial Development Corporation (GIDC) authority, Ankleshwar, Sayakha, for future expansion. The company aims to commence manufacturing by the end of 2020. This agreement would allow the company to grow organically for facilitating the product extensions and new product rollouts.
The global vitamin D market is segmented based on the analog as the vitamin D3 and vitamin D2. The vitamin D3 segment accounts for the highest market share due to the high consumption of the vitamin D3 for the animal feed and human. Vitamin D3 is made naturally by the body when the skin is exposed to ultraviolet (UVB) radiation in sunlight. The skin of animals such as sheep and cows are a rich source of vitamin D3. It can also be taken as a dietary supplement in people who do not get enough vitamin D in their diets. The vitamin D3 analog is more stable in comparison to vitamin D2. There is a lower risk of toxicity associated with vitamin D3 in comparison to vitamin D2 as the extraction of the vitamin D2 exhibits lower stability and greater impurities that could have a higher risk of developing the toxicity.
The vitamin D2 segment is expected to grow at the highest CAGR during the forecasted period. Vitamin D2 is made naturally by the plants. Yeast and mushrooms are the major sources of vitamin D2. Vitamin D2 is used for the prevention of rickets among children. Vitamin D2 is also recommended for the treatment of osteomalacia, hypoparathyroidism, and hypophosphatemia.
Further, the market is also classified based on the form as dry and liquid. The dry segment accounts for the highest market share as a large number of manufacturers prefer preparing the dry form of vitamin D because of its greater stability, and convenience of usage. Moreover, it is easy to handle and store the dry form of vitamin D. Vitamins D2 and D3 are available in the market as the colorless crystals. These vitamins have low solubility in vegetable oil. It is further expected that the dry segment shall maintain its dominant position over the forecasted period.
By region, the global vitamin D market is segmented into North America, South America, Europe, Asia-Pacific, Middle-East, and Africa. Among all of the regions, North America dominated the global vitamin D market owing to the high consumption of Vitamin D supplements for reducing the risk of bone fractures and the prevention of certain types of cancers. Several organizations and associations are involved in raising the awareness regarding vitamin D deficiency. For instance, The Office of Dietary Supplements (ODS) at the National Institutes of Health (NIH) had led and sponsored several efforts to advance scientific understanding of the importance of vitamin D to health. It includes the measurement of vitamin D levels in foods, assessment of vitamin D status of the U.S. population, development of a reference measurement procedure and standard reference materials to precisely measure this nutrient and its metabolites, systematic review of scientific literature used in updating the vitamin D recommended dietary allowances and safe levels of intake. Vitamin D Society is a Canadian non-profit group involved in raising awareness regarding the many health conditions strongly linked to vitamin D deficiency. It encourages people to be proactive in protecting their health and have their vitamin D blood levels tested annually. The Vitamin D Society provides funding for vitamin D research.
Asia-Pacific is expected to grow at the highest CAGR during the forecasted period owing to the growing prevalence of vitamin D deficiency. Rickets occurred due to the poor vitamin D consumption is most frequent in China. The rapid growth in functional food, pharmaceutical, and feed industries shall stimulate market growth. There is a rising demand for vitamin D for animal feed, fortified food products, and easy availability of raw materials. Several manufacturers of vitamin D supplements are located in developing countries such as India and China due to the presence of cheap & skilled labor.
The global vitamin D market is highly competitive with the presence of several international and local markets. Product diversification, revenue generation, and opportunities intensify the market competition. Koninklijke DSM N.V, Zhejiang Garden Biochemical High-Tech Co., Ltd, Zhejiang Xinhecheng Co., Ltd., Fermenta Biotech Ltd., Xiamen Jindawei Vitamin Co., Ltd., Basf, Taizhou Haisheng Pharmaceutical Co., Ltd., and Zhejiang Medicine Co., Ltd. are the leading market players with significant market share.
The major players are using product development, novel product launches, market expansion, capacity utilization, and product diversification strategies for holding their position in the market. For instance, in December 2012, Nordic Naturals had introduced the Vitamin D3 Vegan to its product line. The Vitamin D3 Vegan is naturally sourced from lichen and was developed for vegans, strict vegetarians, and consumers who prefer a non-lanolin form of vitamin D3. It is a plant-based formula is in the natural form of vitamin D, or cholecalciferol, which is better absorbed and utilized by the body. It is available in a 1-ounce bottle and comes with a convenient dropper. Each serving provides 1,000 I.U. of vitamin D3.
The companies are entering into the collaborations, mergers, strategic partnerships, and acquisitions to increase the demand for vitamin D and their expansion across the globe. For instance, in January 2019, Zhejiang Xinhecheng Co., Ltd. had entered into an agreement with DSM for the sale and purchase of cholesterol. Cholesterol is used to produce vitamin D3. This agreement would help the company to increase its overall capacity and productivity of Vitamin D.
In June 2013, Pharmavite LLC had opened the new manufacturing facility at the Northeast Opelika Industrial Park in Opelika, Ala. In March 2012, veggie had explored the novel production process of Vitamin D3 for securing future supplies. This process involved the production of the Vitamin D3 via the fermentation and wild harvested.