The global Vitamin D Market was worth USD 1.28 billion in 2014 and is expected to reach approximately USD 3.32 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 11.20% during the forecast period. A riflescope is a scope mounted on the highest point of a rifle that enhances one's point by amplifying and pinpointing an objective. Vitamin D is a hormone that controls the calcium level in platelets. It assists in making the immune system strong and protect against illnesses and conditions, for example, heart problems, cancer, heart issues, osteomalacia, and osteoporosis. The major sources of vitamin D are the vitamin D2 that is present in mushrooms and wheat germ oil among others, and vitamin D3, which is found in fish oils, egg yolk, and liver. The developing attention to the deficiency of vitamin D and expanding suggestion by specialists and affiliations is boosting the demand in the market.
On the basis of analog the market is segmented into such as vitamin D2 and vitamin D3. The most significant sources of vitamin D are the vitamin D2 that can be derived from wheat germ oil and mushrooms, and vitamin D3, which can be gotten from liver, fish oils and egg yolk.
Application Outlook and Trend Analysis
Based on application the market is segmented into feed, pharmaceuticals, personal care, functional food & beverages, and pet food. The functional food & beverages portion overwhelmed the vitamin D market in 2014 because of expanding usage of vitamin D in functional food & beverages, for example, milk, cheese, and yogurt.
End User Outlook and Trend Analysis
Based on end users, the vitamin D market is segmented into adults, children and pregnant women. The rising commonness of diseases caused by deficiency of vitamin D and developing recommendation by doctors are some of the boosting factors of the vitamin D market.
Regional Outlook and Trend Analysis
This market is anticipated to develop significantly, with growing usage of vitamin D in various applications and increasing opportunities in nations such as China, India, Brazil and Italy. In 2013, the North American region was the biggest market. The market in the Asia-Pacific is anticipated to develop at the highest growth rate amid the forecast period.
Competitive Insights
The Vitamin D market is highly competitive with leading players such as ADM Animal Nutrition, Pfizer, BASF, DSM and Kraft Foods. The leading players in the market implement new product launches and expansions as their chief development methods.
By Application: Animal feed & pet food Personal care Functional food & beverages Pharmaceuticals
By End User: Pregnant women Children Adults
By Region North America U.S. Canada Mexico Europe Germany UK France Russia Italy Rest of Europe Asia-Pacific China Japan South Korea India Southeast Asia Rest of Asia-Pacific South America Brazil Argentina Columbia Rest of South America Middle East and Africa Saudi Arabia UAE Egypt Nigeria South Africa Rest of MEA
Some of the key questions answered by the report are: What was the market size in 2014 and forecast from 2015 to 2023? What will be the industry market growth from 2015 to 2023? What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast? What are the major segments leading the market growth and why? Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?
