Vitamin D3 Powder Market Scope
Vitamin D3 is also called as cholecalciferol. In form of powder, Vitamin D3 may be used as a supplement to increase overall health as well as used to treat osteoporosis. It can also be used to treat circumstances in which vitamin D3 levels may be low, like in people who have low levels of phosphate in the blood, underactive parathyroid glands, as well as hereditary conditions in which the body can’t respond to the parathyroid hormone. This Vitamin also inspires the kidneys to recycle phosphate back into the blood that benefits the blood stay at the right pH. Vitamin D3 Powder is available for purchase over-the-counter (OTC). Growing recommendation by doctors & associations coupled with increasing cases of malnutrition among children are the driving factors for the growth of the global Vitamin D3 powder market over the coming years.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
High Growth Market | Asia-Pacific |
Largest Market | North America |
Unit | Value (USD Million) |
Key Companies Profiled | Zhejiang Garden Biochemical High-tech (China), Taizhou Hisound Pharmaceutical (China), Xiamen Kingdomway Gr (China), Lycored (United States), Koninklijke DSM N.V.(Netherlands), BASF SE (Germany), Zhejiang Medicine Co., Ltd. (China), Fermenta Biotech Ltd (India), Nestlé S.A (Switzerland) and Lonza Group (Switzerland) |
CAGR | % |
In October 2018, Koninklijke DSM N.V. has formally opened its second Animal Nutrition & Health premix plant in Jadcherla, India. The Company expands India operations with the opening of second Animal Nutrition & Health premix plant. With the aim of deepening DSM’s connection to its Indian consumers, the new plant serves as a catalyst for growth in India, strengthening DSM’s strong ambitions for the country. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Vitamin D3 Powder market throughout the predicted period.
Zhejiang Garden Biochemical High-tech (China), Taizhou Hisound Pharmaceutical (China), Xiamen Kingdomway Gr (China), Lycored (United States), Koninklijke DSM N.V.(Netherlands), BASF SE (Germany), Zhejiang Medicine Co., Ltd. (China), Fermenta Biotech Ltd (India), Nestlé S.A (Switzerland) and Lonza Group (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Kingdomway Group (China), Xiamen Kingdomway Gr (China) and Vitamaze GmbH (Germany).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Vitamin D3 Powder market by Type , by Application (Food Industry , Pharmaceuticals Industry , Feed Industry, Beverage, Cosmetics and Other Applications) and Region with country level break-up. On the basis of Type, Food Grade are dominating the market in the year 2023
On the basis of geography, the market of Vitamin D3 Powder has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). North America region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In June 2021, DIC Corporation has closed on the acquisition of BASF’s global pigments business, known as BASF Colors & Effects (BCE). The Company will reexamine its consolidated operating results forecasts in the near future and will promptly disclose any revisions.
In In March 2021, Royal DSM launched ampli-D, a quick-reacting vitamin D form for health supplements. After receiving clearance from Australian regulators, it can be used as an ingredient for manufacturing of health supplements under brand name ‘Fortaro’.
Influencing Trend:
Growing inclination towards use of organic food supplements among people
Market Growth Drivers:
Increasing awareness about vitamin D3 deficiency among consumers and Growing recommendation by doctors & associations
Challenges:
Increasing cases of malnutrition among children
Restraints:
Regulatory Standards to Stop Vitamin D3 Toxicity
Opportunities:
Awareness Campaigns by Government Bodies & NGOs to Increase the Intake of Vitamin D
Key Target Audience
Vitamin D3 Powder Manufacturers, Raw Material Suppliers, Distributors, traders, End Users, Associations and Industry Bodies, Government & Regulatory Bodies and Others