Meticulous Research®—a leading global market research company, published a research report titled ‘Vitamin D Market by Analog (Vitamin D3, Vitamin D2), Source (Plant-sourced, Animal-sourced), Form (Dry, Liquid), Application (Pharmaceuticals, Food & Beverages, Feed & Pet Food, Personal Care) — Global Forecast to 2030.’
In the latest report by Meticulous Research®, the global vitamin D market is anticipated to reach $2.43 billion by 2030, showing a Compound Annual Growth Rate (CAGR) of 7.1% from 2023 to 2030. The market's expansion is attributed to various factors including the increasing demand for vitamins in food & beverages, pharmaceuticals, and personal care products, along with the rising prevalence of vitamin D deficiency and the growing health and wellness trend. However, stringent regulations on fortification may somewhat hinder market growth.
The market is segmented by analog (vitamin D2 and D3), source (plant-based and animal-based), form (liquid and dry), and application (pharmaceuticals, food & beverages, feed & pet food, and personal care). The dominance of vitamin D3 is expected to continue due to its numerous applications and the rising incidence of conditions like rheumatoid arthritis and other bone disorders.
Plant-based sources are projected to witness faster growth owing to increasing consumer preference for plant-derived products, the rise in veganism, and easier access to raw materials. Dry forms of vitamin D are expected to lead the market due to their stability, longer shelf life, and ease of handling.
The food & beverages segment is forecasted to experience the highest growth rate, driven by the demand for fortified foods and increasing awareness about the health benefits of vitamin D.
In terms of geography, Asia-Pacific is expected to hold the largest market share in 2023, attributed to key manufacturers' presence, accessibility to raw materials, rising cases of chronic diseases, and increasing disposable incomes. The region's high prevalence of vitamin D deficiency, especially in countries like Malaysia, further boosts market growth.
Key players in the market include BASF SE, Dishman Carbogen Amcis Ltd, Divi’s Laboratories Ltd., Fermenta Biotech Limited, Koninklijke DSM N.V., Lycored Corp., NewGen Pharma Inc., Synthesia a.s., Taizhou Hisound Pharmaceutical Co., Ltd., Zhejiang Garden Biochemical High-tech Co., LTD, and Zhejiang Medicine Co., Ltd.
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Here are the key inquiries addressed in the report:
What segments within the vitamin D market show significant growth potential concerning analog, source, form, application, and region/country?
What was the historical global market size for vitamin D?
What are the projected forecasts and estimates for the vitamin D market from 2023 to 2030?
What are the primary drivers, constraints, opportunities, and challenges influencing the vitamin D market?
Who are the prominent players in the vitamin D market?
What does the competitive landscape look like, and which companies are leading the vitamin D market?
What recent developments have occurred in the vitamin D market?
What geographical patterns and regions/countries exhibit high growth potential in the vitamin D market?
Who are the emerging local players in the vitamin D market, and how do they compete with global players?

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