What is Vitamin D Market?
Vitamin D is the group of fat-soluble secosteroids which are responsible for increasing intestinal absorption of calcium, magnesium, phosphate, and multiple other biological effects. In humans, the most important compounds in this group are vitamin D3. Vitamin D obtained from the diet, or from skin synthesis is activated by two protein enzyme hydroxylation steps, in the liver and kidneys. It is made by the body when the skin is exposed to sunlight. Moreover, Vitamin D is used to treat and prevent bone disorders.
The market study is being classified by Type (Vitamin D3 and Vitamin D2), by Application (Feed & pet food, Pharmaceuticals, Functional food & beverages and Personal care) and major geographies with country level break-up.
Koninkljike DSM N.V (Netherlands), Zhejiang Garden Biochemical High-Tech Co Ltd (China), Zhejiang Xinhecheng Co Ltd (China), Fermenta Biotech Ltd (India), Xiamen Jindawei Vitamin Co Ltd (China), BASF Se (Germany), Dishman Group (India), Taizhou Haisheng Pharmaceutical Co Ltd (China), Zhejiang Medicine Co Ltd (China), Glanbia PLC (Ireland), PHW Group (Germany), Bio-Tech Pharmacal (United States) and Divi’s Nutraceutical (India) are some of the key players profiled in the study.
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that India, China Vendors will contribute to the maximum growth of Global Vitamin D market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Vitamin D market by Type, Application and Region.
On the basis of geography, the market of Vitamin D 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Increased Consumption of Dietary Supplements
- Rising Disposable Income
Market Trend
- Rising Health Consciousness Among the People
Restraints
- Scarcity of Ingredients and High Costs Associated with Products
Opportunities
- Increase in Demand for Feed Fortification
- Rising Usage of Vitamin D in Personal Care Products
Challenges
- Stringent Government Regulations
In January 2019, Zhejiang Xinhecheng Co., Ltd. and DSM signed an agreement for the sale and purchase of cholesterol used to produce vitamin D3. This agreement will help the company to increase its overall capacity and productivity of Vitamin D.
Key Target Audience
Manufacturers, Raw material suppliers, Government associations, Research organisations and Others