Vitamin D3 Market Technological Growth Map With An Impact-Analysis up to 2028

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The global vitamin D market size was USD 1,141.2 Million in 2020 and is expected to register a revenue CAGR of 6.40% during the forecast period.

The global Vitamin D3 Market is expected to reach USD 1888.5 Million in 2028 and register a steady revenue CAGR of 5.40% over the forecast period, according to latest report published by Reports and Data. Key factors such as increasing preference for dietary supplements, increasing awareness about vitamin-D deficiency, increasing concerns about weakening of bones and cartilages, and increasing global elderly population are factors driving global market revenue growth.

Vitamin D3 is a group of fat soluble secosteroids that help in regulating calcium and phosphorus, and play a crucial role in bone development and maintaining normal immune system. Vitamin D3 is also called calciferol and sunshine vitamin as it is produced by the body in response to sunlight. Salmon, herring, egg yolk, fortified food, and fat spreads are some of the sources of calciferol. However, lack of exposure to sun, and low intake of Vitamin D3 in diet often leads to Vitamin D3 deficiency. Demand for vitamin supplements is increasing due to rising public awareness, rising preference for nutricosmetics and functional beverages, and increasing investments in research development activities to develop vegan products and more enhanced calciferol supplements. Factors such as favorable government initiatives, increasing preference for fortified foods, and rising demand for vitamin formulation and nutricosmetics are boosting global market revenue growth. In addition, rapidly growing animal feed and pharmaceutical sectors, and high usage of Vitamin D33 in food beverage industry are other factors expected to boost market revenue growth over the forecast period. 

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Some key highlights of the report:

  • Based on application, the feed and pet food segment is expected to register highest revenue CAGR during the forecast period, owing to rapid advancements in the pet food and animal feed industry, rising funds from public and private sectors, and high use of calciferol in animal feed and pet food. 
  • Based on end use, the adults segment accounted for significantly large revenue share in 2020, due to factors such as increasing awareness about various bone-related problems, increasing global elderly population, and increasing demand for dietary supplements and personal care products.  
  • Among the form type, the dry segment is expected to account for largest revenue share between 2021 and 2028. The dry form is more stable, easy to handle, and store as compared to liquid form. Moreover, it has a greater shelf life and is available in a wide range of products.
  • North America market is expected to account for largest revenue share in the global market between 2021 and 2028. This can be attributed to rising prevalence of rickets in infants and children, rising preference for dietary supplements, and availability of wide range of Vitamin D3 products. In addition, increasing awareness about Vitamin D3 deficiency, rising product approvals, and increasing investments in research development activities are factors supporting revenue growth of the market in North America. 

Competitive Outlook of the Global Vitamin D3 Market

The globla Vitamin D3 market study focuses on the revenue growth trajectories of the leading companies in this market. This section of the report throws light on the highly competitive landscape of the Vitamin D3 market, pointing out the major players. The report further discusses the strategic initiatives undertaken by each of these market players, including mergers acquisitions, collaborations, joint ventures, new product launches, new business deals, and technological innovations.

Top Companies Profiled in the Report:

Koninklijke DSM N.V,7. Zhejiang Garden Biochemical High-Tech Co Ltd., Fermenta Biotech Ltd., BASF SE, Dishman Group, Taizhou Haisheng Pharmaceutical Co Ltd., Zhejiang Medicine Co Ltd., PHW Group, Pharmavit, Tocris Bioscience, Lycored, Stabicoat Vitamins, and Spectrum Chemical MFG Corp.

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The report is inclusive of product type outlook, application spectrum, end-use outlook, technology landscape, regional market analysis, and competitive overview.

Vitamin D3 Market Segmentation:

Type Outlook (Revenue, USD Million; 2018–2028)

  • Vitamin D33
  • Vitamin D32

Test Outlook (Revenue, USD Million; 2018–2028)

  • 25 Hydroxy
  • 1, 25 Dihydroxy

Form Outlook (Revenue, USD Million; 2018–2028)

  • Dry
  • Liquid

Application Outlook (Revenue, USD Million; 2018–2028)

  • Feed Pet Food
    • Animal Feed
    • Pet Food
  • Food Beverages
  • Personal Care
  • Pharmaceutical
  • Other

End Use Outlook (Revenue, USD Million; 2018–2028)

  • Children
  • Adults
  • Pregnant Women

Geographic Segment Covered in the Report:

The Vitamin D3 report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

  • North America (USA and Canada)

  • Europe (UK, Germany, France and the rest of Europe)

  • Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)

  • Latin America (Brazil, Mexico, and the rest of Latin America)

  • Middle East and Africa (GCC and rest of the Middle East and Africa)

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