Meticulous Research®, a renowned leader in global market research, has released its latest groundbreaking 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.” This extensive study offers an in-depth analysis of the vitamin D market and projects significant growth, forecasting the market to reach $2.43 billion by 2030, with a compound annual growth rate (CAGR) of 7.1% from 2024 to 2030.
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Market Overview and Growth Drivers
According to Meticulous Research®, the vitamin D market is experiencing robust growth driven by several key factors:
• Increased Demand for Vitamin Enrichment and Fortification: The rising demand for vitamin-enriched food & beverages, feed & pet food, pharmaceuticals, and personal care products is a major driver of market growth. Consumers are increasingly seeking products fortified with vitamins to enhance their nutritional intake and overall well-being.
• Prevalence of Vitamin D Deficiency: The growing prevalence of vitamin D deficiency globally has heightened the need for dietary supplements and fortified products, contributing to market expansion.
• Health and Wellness Trend: An ongoing trend towards health and wellness is pushing consumers to seek out products that support their nutritional needs, including vitamin D supplements and fortified foods.
• Rising Demand for Dietary Supplements: The surge in dietary supplement consumption is a crucial factor driving the market, as individuals look for ways to enhance their health and prevent deficiencies.
Despite these positive growth factors, the vitamin D market faces challenges such as stringent regulations regarding the fortification of food and feed products, which could potentially hinder market growth.
Market Segmentation Insights
Meticulous Research® provides a detailed analysis of the vitamin D market segmented by analog, source, form, and application:
• By Analog: The study highlights that vitamin D3 is projected to dominate the market in 2024 due to its extensive applications and increasing incidence of rheumatoid arthritis and other bone-related disorders. Vitamin D3's growing awareness and demand are expected to maintain its leading position throughout the forecast period.
• By Source: The plant-sourced segment is anticipated to grow at a faster rate from 2024 to 2030. This growth is driven by the rising preference for plant-based products, the expanding vegan population, and the increasing intolerance to animal-derived ingredients. Additionally, the availability of raw materials and lower production costs contribute to the segment’s expansion.
• By Form: The dry form segment is expected to hold the largest market share in 2024. Dry forms of vitamin D offer advantages such as stability, high shelf life, and ease of handling, transportation, and storage. The increasing demand for vitamin D in powder and capsule forms, due to their high solubility, further supports this trend.
• By Application: The food & beverages segment is projected to register the highest CAGR during the forecast period. This growth is attributed to the rising demand for fortified foods, increased consumer awareness about the health benefits of vitamin D, and the overall health and wellness trend.
Geographic Insights
The report also provides a comprehensive regional analysis of the vitamin D market:
• Asia-Pacific: Expected to account for the largest market share in 2024, the Asia-Pacific region benefits from the presence of key manufacturers, easy availability of raw materials, and a growing demand for functional food ingredients. The high prevalence of vitamin D deficiency, particularly in countries like Malaysia, where a significant percentage of the population suffers from various non-communicable diseases, further drives the market in this region.
• North America, Europe, Latin America, and the Middle East & Africa: These regions are also evaluated, with insights into their market dynamics and growth potential.
Key Market Players
The vitamin D market features prominent players who are instrumental in driving the industry forward. Key companies highlighted in the report include:
• BASF SE (Germany)
• Dishman Carbogen Amcis Ltd (India)
• Divi’s Laboratories Ltd. (India)
• Fermenta Biotech Limited (India)
• Koninklijke DSM N.V. (Netherlands)
• Lycored Corp. (Israel)
• NewGen Pharma Inc. (U.S.)
• Synthesia a.s. (Czech Republic)
• Taizhou Hisound Pharmaceutical Co., Ltd. (China)
• Zhejiang Garden Biochemical High-tech Co., LTD (China)
• Zhejiang Medicine Co., Ltd. (China)
These companies are pivotal in shaping the vitamin D market landscape through innovation, strategic partnerships, and market expansion initiatives.
About Meticulous Research®
Meticulous Research® was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa.
The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth.

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