In-depth analysis and data-driven insights on the impact of COVID-19 included in this global vitamin D market report.
The vitamin D market is expected to grow at a CAGR of 8.4% during the period 2020−2026.
Key Highlights Offered in the Report:
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Vitamin D Market – Segmentation
Vitamin D Market by Analog
Vitamin D Market by Form
Vitamin D Market by Application
Vitamin D Market – Dynamics
The rise in sales of vitamin supplements has proven that their intake is one of the most effective ways to maintain the levels of vitamin D2 and D3. Vendors source vitamin D2 from plants and fungi whereas D3 is sourced from animals. Infants with dark skin or minimum exposure to sunlight and who rely on breastfeeding are a major end-user segment. This can be more significant if they have a dark skin or minimum sunlight exposure. Organizations such as The American Academy of Pediatrics recommend the intake of 400 international units (IU) of vitamin D orally for all breastfed infants. Vitamin D supplementation also reduces the risk of influenza infections in children. BioGaia, Enfamil, Smarty Pants, and Nature’s Bounty are some of the key players operating in the vitamin D supplements market that focus on infants, kids, and adults.
Key Drivers and Trends fueling Market Growth:
Vitamin D Market – Geography
Europe was the largest market for vitamin D in 2020. Changing lifestyle, increase in usage of nutricosmetics, and the concentrated presence of pharmaceutical manufacturers in the region is expected to sustain the growth in the coming years. Germany, the UK, France, Spain, and Italy were the major revenue drivers in 2020, along with the presence of several end-user industries. Switzerland, Netherland, Denmark, and Belgium are other significant markets for growth in the animal feed, cosmetics, and supplement segments. The European region is expected to pose an absolute growth of 59% during the forecast period. More than 55% of the growth is expected to come from the markets in Germany, France, and Italy
Vitamin D Market by Geography
Major Vendors
Other Prominent Vendors
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