Vitamin D Ingredients Market - Forecast(2023 - 2028)

Vitamin D Ingredients Market Overview

Vitamin D Ingredients Market size is estimated at $3.3 billion in 2020, projected to grow at a CAGR of 7.7% during the forecast period 2021-2026. Vitamin D is a fat-soluble secosteroids accountable for boosting intestinal assimilation of calcium, magnesium and phosphate and plenty of other biological effects. It is accessible as a dietary additive. Osteomalacia is a condition in which bones become noticeably softer, usually as a result of a severe vitamin D deficit. Low blood levels of vitamin D have been reported in people with graves disease who had hyperthyroidism(overactive thyroid), hypothyroidism (underactive thyroid) or hypoparathyroidism (low PTH). Vitamin D is also formed when ultraviolet (UV) rays from sunlight fall on the human skin and activate the integration of vitamin D. With a growing predominance of vitamin D deficiency, there is a rise in demand for vitamin D ingredients. This is functioning as a driving force in the market for vitamin D compounds. Customers are increasingly choosing commodities containing vitamin D, which contribute to an increase in the global market for vitamin D components in the future. The human body's calcium metabolism is aided by vitamin D. It also allows the mineralization of bones. Vitamin D ingredients are therefore used extensively in pharmaceuticals and also in the food and beverage space. With regard to human beings, the significant compounds in this collection are vitamin D3 and vitamin D2. Children and young adults with osteomalacia may have bending throughout growing, particularly in the weight-bearing bones of the legs. The significant realistic application of vitamin D in the skin is as a gentle-to-balanced anti-inflammatory clinical cream utilized in the healing of conditions like psoriasis, eczema and vitiligo. Customer acceptability of creams containing vitamin D components has increased as the number of individuals suffering from psoriasis and eczema has increased, boosting demand for vitamin D ingredients. As a result of the rising demand for vitamin D components in the cosmetics industry, the vitamin D ingredients market is expected to grow between 2021 and 2026.

Vitamin D Ingredients Market Report Coverage

The report: “Vitamin D Ingredients Market Forecast (2021-2026)”, by Industry ARC, covers an in-depth analysis of the following segments of the Vitamin D Ingredients Market.

By Product Type: Vitamin D3, Vitamin D2.
By Source: Milk, Eggs, Fish, Red Meat, Fortified Foods, Animals, Plants, Fruits and Vegetables, Others (Microalgae, Fungi).
By Form: Powder, Resin, Liquid, Capsules and Tablets.
By Application: Food and Beverages, Pharmaceuticals, Animal Feed and Pet Food, Personal Care Products, Others.
By End User: Adults, Pregnant Women, and Children.
By Geography: North America (U.S, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, Japan India, South Korea, Australia & New Zealand, and Rest of Asia Pacific), South America (Brazil, Argentina and Rest of South America) and RoW (Middle East and Africa).

Key Takeaways

• Vitamin D Ingredients Market growth is being driven by an increase in product demand owing to the health benefits associated with the product, as well as an increase in its use in the industrial sector.
• Geographically, North America Vitamin D Ingredients Market held the largest revenue share of 39% in 2020 owing to the growing customer preference and rising concerns pertaining to health safety in the region. The scope of the Vitamin D Ingredients Market for various regions will be provided in the final report.
• Customers all throughout the world are becoming more health-conscious. Moreover, senior people in countries such as Japan, Italy, Portugal, and Germany are opting for food additives that are tailored to their needs in order to improve their health and quality of life. Fractures can occur as a result of osteomalacia in elderly individuals. The elderly have become increasingly concerned on ageing properly and preventing diseases as bone health and mobility difficulties have become more prevalent. These factors are fueling the expansion of vitamin D ingredients market.
• Children are increasingly advised to take vitamin D supplements, especially owing to its deficiency, which is mainly found in children, and also as it performs a host of physiological functions which drives the growth of the market.

Vitamin D Ingredients Market: Market Share (%) by Region, 2020

Vitamin D Ingredients Market Segment Analysis – By Product Type

Based on Product Type, Vitamin D2 Fatty Acids Segment accounted for the largest revenue market share in 2020 owing to the increasing health advantages connected with its consumption. The primary origins of vitamin D2 include mushrooms cultivated in UV light, fortified foods and nutritive supplements. Edible mushrooms display very powerful anti-oxidative and anti-inflammatory activity. Mushrooms are extensively utilized to fight neurodegenerative ailments like Parkinson’s and Alzheimer’s disease. These benefits have driven the consumption of vitamin D2 and resulted in the market growth for vitamin D2 in 2020, thereby, driving the Vitamin D Ingredients Industry. Omega 6 Fatty Acids segment is anticipated to grow with the fastest CAGR of 8.4% in the forecast period 2021-2026. This can be ascribed to the powerful demand for fish in the manufacture of vitamin D3 amid diverse industries like food and beverage, cosmetic, pharmaceutical and animal feed and pet food. Vitamin D3 is termed as the sunshine vitamin as it is manufactured organically in the skin when the skin is exposed to the sunlight and through some foods. Hypervitaminosis D is a very uncommon but potentially fatal disease. It occurs when you consume an excessive amount of vitamin D. It's generally caused by taking a lot of vitamin D pills. Vitamin D3 ingeniously converts into a hormone in the human body and disseminates in the blood stream to support the assimilation of calcium and phosphorous further driving the segment growth.

Vitamin D Ingredients Market Segment Analysis – By Application

Based on Application, Pharmaceutical accounted for the largest revenue market share in 2020 and is also projected to witness the fastest CAGR growth during the forecast period 2021-2026 owing to the extensive use of vitamin D ingredients in capsules, tablet and oral solutions. Furthermore, vitamin D is used in healing ailments like rickets and hypoparathyroidism. Vitamin D is accessible as diverse brand names like Drisdol, Calciferol and Cholecalciferol and it also comes in the form of Drise sachets. Treatment for osteomalacia include getting adequate vitamin D and calcium, which are both necessary for hardening and strengthening bones, as well as addressing any underlying problems. Pharmaceutical companies are advertising their commodities with vitamin D ingredients to fuel their sales and increase their customer base thereby, driving the segment growth. Vitamin D Ingredients Industry. Food & Beverages is projected to witness the second fastest CAGR of 7.9% during the forecast period 2021-2026 Manufacturers are constantly creating and releasing new and creative vitamin D compounds in various forms, and demand for new types is continually increasing, particularly in developed countries. Furthermore, the growth of the segment is expected to be fuelled by the growing hectic lifestyles of the working population, as well as rising health-consciousness among consumers.

Vitamin D Ingredients Market Segment Analysis – By Geography

Based on Geography, North America Vitamin D Ingredients Market accounted for the 39% revenue share in 2020 owing to supportive regulations and increased intake of nutritious additives by customers. For instance, FDA in July 2016 authorized a rise in the quantity of vitamin that is included as a non-compulsory constituent to milk and furthermore, authorized the inclusion of vitamin D to beverages made from palatable plants proposed as milk substitutes like beverages prepared from soy, almond, coconut and palatable plant-based yoghurt substitutes. Most of the population are probably not receiving enough vitamin D through your diet or from sunlight exposure. However, instances of skin cancer have been documented as a result of tanning bed use. In addition, during the last several years, the number of instances with hypervitaminosis D has increased. Europe also has an increasing populace of elderly affected by deficiency of vitamin D. Europe is estimated to be the market with the most potential for the major players in the vitamin D ingredients market worldwide, thereby, accelerating Vitamin D Ingredients Industry expansion across the region. Asia-Pacific is predicted to be the fastest growing region during the forecast period 2021- 2026 owing to a huge number of people being affected with rickets in the region. Lack of vitamin D is prevalent in the Asian region amidst the elderly populace, women and children to increase demand over the projection period which propel the Vitamin D Ingredients Market.

Vitamin D Ingredients Market - Drivers

Prevalence of Vitamin D Deficiency Ailments:

The Increasing cases of ailments like rickets which are caused due to vitamin D deficiency and dearth of exposure to sunlight coupled with unhealthy food consumption is estimated to be a primary market driver for vitamin D ingredients. When the thyroid gland generates too much of the hormone thyroxine, you have hyperthyroidism (overactive thyroid). Hyperthyroidism causes your body's metabolism to speed up, resulting in unintended weight loss and a fast or irregular pulse. Hyperthyroidism can be treated in a variety of ways by incorporating vitamin D is one among them. People living in urban cities spend most of their time in office working as compared to their rural counterparts who spend time taking care of their fields or cattle in the sunlight. Residents of urban areas are thus more prone to acquiring deficiency of vitamin D and thereby being affected by ailments caused due to vitamin D deficiency. This determinant is forecast to shoot the demand up for vitamin D ingredients Industry.

Growing Involvement Of Regulatory Bodies:

Supportive regulations by regulatory bodies act as a stimulus for the vitamin D ingredients industry. As a result, vitamin D makers are able to market their products without too many restrictions. These features encourage the pharmaceutical companies to market products with vitamin D ingredients easily. Pharmaceutical companies are enhancing their efforts to advocate the adoption of vitamin D commodities which may step up the vitamin D ingredients market worldwide in the upcoming years. Furthermore, regulatory authorities are increasing their efforts in publicizing the benefits of managing vitamin D commodities for the purpose of selling, which is boosting the global vitamin D ingredient market. Vitamin D components are in high demand in a variety of culinary applications as a result of this.

Vitamin D Ingredients Market - Challenges

Restraints Imposed By Medical Conditions:

The expansion of the Vitamin D Ingredients Market is restricted by the rising number of cases of a medical ailment linked to excessive vitamin D usage is expected to stifle the market for vitamin D components. If a person takes vitamin D supplements and has other health issues, such as renal illness, liver disease, TB, hyperparathyroidism, sarcoidosis, or histoplasmosis, he is more prone to develop hypervitaminosis D. Vitamin D toxicity, also known as Hypervitaminosis D, is caused by a high level of vitamin D in the body. Kidney stones, renal damage, kidney failure, excess bone loss, calcification (hardening) of arteries and soft tissues are all long-term consequences of untreated hypervitaminosis D. Hypercalcemia is a rare but serious illness that causes an accumulation of excess calcium in the blood. As a result, excessive vitamin D consumption can lead to serious medical problems. This determinant is thought to stifle the growth of vitamin D ingredients on the market.

Vitamin D Ingredients Market - Landscape

The Vitamin D Ingredients Market's main strategies include product launches, mergers and acquisitions, joint ventures, and regional expansion. Vitamin D Ingredients Market top 10 companies are Axellus, Epax, BASF SE, Cargill, DSM, OLVEA Fish Oils, Omega Protein Corporation, GC Reiber Oils, Lonza, Croda International and Aker BioMarine.

Acquisitions/Product Launches:

In February 2021, Lonza Specialty Ingredients (“LSI”), a division of Lonza AG to be acquired by Bain Capital Private Equity and Cinven for a total enterprise value of EUR 3.9 billion.

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