Growth opportunities in the vitamin-D market look promising over the next six years. This is mainly due to the rising demand for vitamin D supplements to boost immunity, changing lifestyle, and the soaring aging population.
Vitamin-D Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the major drivers responsible for the growth of the global vitamin-D market include the surging incidences of diseases caused by its deficiency in the body, augmenting demand by the accelerating geriatric population, along with the altering lifestyle of individuals. For example, in accordance with the study by National Centre for BioForm Information, U.S, approximately more than 1 billion people throughout the world in 2020 are suffering from vitamin D deficiency, with the highest occurrence in aging, asthmatics, and the obese population. Thus, resulting in massive market growth over the near future.
Moreover, the expanding acquisition of immunity-boosting products led by the widespread outbreak of the coronavirus pandemic has stimulated market growth. As per the Worldometer Information, nearly 140 million people in 2021 are diagnosed with COVID-19 infection, and about 3 million people died due to the infection. Therefore, the rise in COVID-19 cases has boosted the demand for tablets and supplements of vitamin D, further driving the vitamin-D market size. However, the stringent standard norms and regulations and huge capital investment required to abide by these laws will curb the market growth. Their production requires an automated filling, sealing, and packaging equipment to avoid contamination and to raise productivity. Thereby, as per the vitamin-D market report excessive capital expenditure will hamper market growth.
Regional Drivers
Based on the regional coverage, North America is projected to lead the market during the forecast period. This is because of the escalating demand by the geriatric population coupled with the boost in disorders caused by its deficiency and intensifying demand for personal care products owing to the increasing disbursement by consumers on healthcare. According to the National Centre for BioForm Information, the pervasiveness rate of the disorder in the United States varied from 40-60% due to the augmented old population accompanied by Europe. In addition, the growing technical developments for diagnosis of chronic illness, which includes rickets in children and infants, diabetes, cancer, etc., are bolstering the market growth.
Vitamin-D Market’s leading Manufacturers:
- Sapien LLC
- Amway
- General Nutrition Centers, Inc.
- Glaxosmithkline PLC.
- Otsuka holdings co. LtD
- ADM
- Everidis Health Sciences LLC
- The Nature’s Bounty Co.
- Pfizer Inc.
- THQ Nordic AB
- Nestle Sa
Vitamin-D Market Segmentation:
Segmentation by Product
- Vitamin D2
- Vitamin D3
Segmentation by Form
- Dry
- Liquid
Segmentation by Application
- Personal Care
- Functional Food & Beverage
- Pharmaceuticals
- Animal Feed
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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