MarketResearch.biz announces the publication of its most recently generated research report titled, “Global Vitamin D3 Market by Form Type (Oil, Powder, and Crystallized), By Application (Food Industry, Pharmaceuticals Industry, and Feed Industry), and Region – Global Forecast to 2028.”, which offers a holistic view of the global vitamin D3 market through systematic segmentation that covers every aspect of the target market. The first five-year cumulative revenue (2020–2024) is projected to be over US$ 13 Bn, which is estimated to increase moderately over the latter part of the five-year forecast period.
Vitamin D3 is also known as cholecalciferol, one of the crucial compounds in the vitamin D family. Vitamin D3 is a fat-soluble secosteroid responsible for increasing the absorption of calcium and phosphate in the intestine. Vitamin D3 is very powerful and effective among the vitamin D family as it is animal-based. Vitamin D3 can be obtained when exposed to sunlight or from specific food and supplements. Vitamin D3 is present in abandon quantities in seafood like salmon, tuna, oyster, shrimp, sardine, etc., and in dairy products like cheese and soy milk.
Global Vitamin D3 Market: Market Dynamics
Increasing consumer awareness about the deficiency of vitamin D and the risk caused by this deficiency also, the occurrence of diseases such as osteomalacia in adults and rickets in children has increased are some of the major factors driving the target market’s growth. However, the lack of knowledge among the people about the recommended consumption of vitamin D3 and fluctuation in the prices of vitamin D3 are the significant reasons that can affect the growth of the vitamin D3 market.
Increasing awareness about reduced health threats such as bone fractures, diabetes, multiple sclerosis, cardiovascular disease, etc., by using vitamin D has created a growth opportunity for the target market. The overdose of supplements can generate vitamin D3 toxicity, due to which many governments have restricted the use of vitamin D3 in the food fortification process, and this might restrict the growth of the vitamin D3 market.
Global Vitamin D3 Market: Market Forecast
The comprehensive research report comprises a complete forecast of the global vitamin D3 market based on factors affecting the market and their impact in the foreseeable future. According to the forecast projections, revenue from the global vitamin D3 market is estimated to expand at a moderate CAGR of 10.8% during the forecast period.
Global Vitamin D3 Market: Segmental Snapshot
The market report has been segmented on the basis of form, application, and region. The form segment includes oil, powder, and crystallized. The application segment includes food industry, pharmaceuticals industry, and feed industry. The region covered in the analysis are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
By form: The powder segment is expected to register a CAGR of over 11.0%, thereby accounting for the highest revenue share among the type segments.
By application: The pharmaceuticals industry segment is expected to register a CAGR of over 11.1% over the forecast period, thereby accounting for the highest revenue share among the application segments.
By region: The Asia-Pacific market accounted for the highest revenue share in the global vitamin D3 market in 2020 and is estimated to register a CAGR of over 11.3% between 2021 and 2028.
Global Vitamin D3 Market: Competitive Analysis
The research report on the global vitamin D3 market includes profiles of major companies such as BASF SE, Zhejiang NHU Company Ltd., Koninklijke DSM N.V., Zhejiang Garden Bio-chemical High-tech Co., Ltd., Xiamen Kingdomway Group Company, Zhejiang Xianju Pharmaceutical Co., Ltd., Zhejiang Medicine Co., Ltd., Fermenta Biotech Limited, Dishman Carbogen Amcis Limited, Teva Pharmaceutical Industries Limited, and LycoRed Ltd.
The Global Vitamin D3 Market: Global Industry, Size, Share, Growth, Trends, and Forecast, 2021–2028 report has been prepared based on an in-depth market analysis with inputs from industry experts. This report covers the present scenario and the growth prospects of the global Vitamin D3 Market for 2020–2028.
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