The global vitamin D3 market size is expected to reach USD 233.8 Million in 2030 and register a revenue CAGR of 3.0% over the forecast period, according to latest report by Reports and Data. Rapid technology advancements in pharmaceutical sector has led to scaling up production of vitamin D3 products in the market, thereby increasingly fulfilling demand of more adoption of fortified food products in homes. This trend is driven by two factors such as initiatives taken by government and world regulatory bodies to promote these products and rising self-awareness amongst general population to threats of an unhealthy diet on personal and professional life, these are main factors expected to drive market revenue growth during the forecast period and generate further demand. It is practical to increase the production furthermore to meet rapidly rising demand for such food products. Animal feed industry is also a potentially attractive shore due to the nature of being a consolidated industry as well as potential to generate value in terms of other allied industries such as dairy or farms. Additionally, other factors such as lifestyle choices and external environment play a key part in influencing health in these challenging times thereby boosting the need for a more nutritious dietary regime.
However, challenges do continue in adoption of vitamin D3 in common households due to excessive consumption of vitamin D3 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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Report Overview:
As part of our quantitative analysis, we have provided regional market forecasts by type and application, market sales forecasts and estimates by type, application and region by 2030, and global sales and production forecasts and estimates for Vitamin D3 by 2030. For the qualitative analysis, we focused on political and regulatory scenarios, component benchmarking, technology landscape, important market topics as well as industry landscape and trends.
We have also focused on technological lead, profitability, company size, company valuation in relation to the industry and analysis of products and applications in relation to market growth and market share.
Competitive Landscape:
The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product service portfolio. The Vitamin D3 market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in RD, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.
Leading companies operating in the market are:
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 also offers detailed insights about market segmentation based on type, application and regional bifurcation:
Vitamin D3 Market Segmentation:
Product Type Outlook (Revenue, USD Million; 2019-2030)
- Vitamin D3 Tablets Capsules
- Vitamin D3 Powder
- Vitamin D3 Crystallization
- Vitamin D3 Creams
- Vitamin D3 Oils
Application Outlook (Revenue, USD Million; 2019-2030)
- Healthcare Supplements
- Food and Beverages
- Pharmaceutical
- Animal and Pet Feed
- Others
Regional Outlook:
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- Italy
- France
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East Africa
- Saudi Arabia
- A.E.
- South Africa
- Rest of MEA
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