According to the most recent analysis by Reports and Data, the global Vitamin D Market is anticipated to reach USD 233.8 million in 2030 and grow at a 3.0% revenue CAGR during the projected period. Significant technological breakthroughs in the pharmaceutical industry have resulted in an expansion of Vitamin D product production in the market, meeting the growing demand for fortified food products in households. The government and international regulatory bodies' initiatives to promote these products and the general public's growing self-awareness of the negative effects of an unhealthy diet on both personal and professional life are the two main factors anticipated to drive market revenue growth during the forecast period and spur additional demand. That is useful.
However, challenges do continue in adoption of Vitamin D in common households due to excessive consumption of Vitamin D supplements. Excessive consumption of vitamin D-rich food materials/ supplements can result in a condition known as ‘vitamin D toxicity’ wherein, presence of excessive calcium in the bloodstream (hypercalcemia) can cause health complications resulting in vomiting, dehydration, and extreme weakness in the body. More severe cases can lead to bone-related complications and kidney disorders. This is one of the primary challenges in expansion of this market, which is expected to restrain market revenue growth.
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Some Key Highlights from the Report
- Crystallization segment is expected to account for significant market share revenue over the forecast period. Increasing usage of crystalline vitamin products during Vitamin D production is driving growth of the segment. Crystalline form of Vitamin D is considered one of the preferred forms accounting for various end-users such as cosmetics and pharmaceuticals industries.
- Latin American Vitamin D market is expected to register a steady revenue growth rate over the forecast period. Ample availability of raw products and rapid demographic growth are expected to drive market revenue growth. Rapid implementation of newest technologies by manufacturers based in counties in Latin America is another factor expected to boost the revenue growth of the market.
Competitive Outlook of the Global Vitamin D Market
The globla Vitamin D 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 D 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:
BASF SE, GSK plc, American Way Cooperation, Pfizer Inc., Zhejiang NHU Company Ltd., Zhejiang Garden Bio-chemical High-tech Co., Ltd., Fermenta Biotech Limited, Kraft Foods Group., LycoRed Ltd., and Dishman Carbogen Amcis Limited.
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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 D Market Segmentation:
Product Type Outlook (Revenue, USD Million; 2019-2030)
- Vitamin D Tablets & Capsules
- Vitamin D Powder
- Vitamin D Crystallization
- Vitamin D Creams
- Vitamin D Oils
Application Outlook (Revenue, USD Million; 2019-2030)
- Healthcare Supplements
- Food and Beverages
- Pharmaceutical
- Animal and Pet Feed
- Others
Key Regions Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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