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Global Vitamin D Supplements Market to reach USD 1.89 billion by the end of 2030

Global Vitamin D Supplements Market Size study & Forecast, by Analog (Vitamin D2 and Vitamin D3), By Application (Pharmaceuticals, Functional Food and Beverage, Personal Care, Pet Food and Animal Feed), By End User (Adult, Children and Pregnant Women) and Regional Analysis, 2023-2030

Product Code: OIRFB-20541725
Publish Date: 20-07-2023
Page: 200

Global Vitamin D Supplements Market is valued approximately at USD 1.1 billion in 2022 and is anticipated to grow with a healthy growth rate of more than 7.0 % over the forecast period 2023-2030. Vitamin D supplements are dietary supplements that provide an additional source of vitamin D, a fat-soluble nutrient essential for various bodily functions, including bone health, immune system support, and calcium absorption. These supplements are designed to address deficiencies or insufficiencies of vitamin D in the body and contribute to overall health and well-being. The Vitamin D Supplements market is expanding because of factors such as, growing aging population and growing retail e-commerce.

According to the Statista in 2021, the worldwide retail e-commerce sales amounted to approximately USD 5.2 trillion. It is projected that this figure may experience a substantial growth rate of 56 percent in the upcoming years, reaching approximately USD 8.1 trillion by the year 2026. According to the World Health Organization, the proportion of individuals aged 60 years or older in the world is projected to reach 1 in 6 by 2030. During this time, the population of people aged 60 years and over is expected to increase from 1 billion in 2020 to 1.4 billion. Furthermore, by 2050, the global population of individuals aged 60 years and older is anticipated to double, reaching 2.1 billion. Notably, the number of individuals aged 80 years or older is predicted to triple between 2020 and 2050, reaching a total of 426 million. In addition, increasing focus on health and wellness and rising incidence of vitamin D deficiency would create a lucrative growth opportunity. However, stringent regulations and limited accessibility & affordability stifles market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Vitamin D Supplements Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominates the market during the forecast period with largest market share owing to the, increased usage of nutritional supplements, higher prevalence of chronic diseases such as diabetes and cancer and the rising incidence of obesity due to increased consumption of alcohol and fast food in the region. Asia Pacific is expected to be the fastest growing region during the forecast period, owing to factors such as, rising consumer disposable income, increasing demand for nutritious and healthy goods, and the rising popularity of vitamin-infused products in the region.

Major market player included in this report are:
High-Tech Co. Ltd
Zhejiang Xinhecheng Co. Ltd.
Taizhou Haisheng Pharmaceutical Co. Ltd
Xiamen Jindawei Vitamin Co. Ltd.
Fermenta Biotech Ltd.
Zhejiang Medicine Co., Ltd.
Dishman Group
Pfizer, Inc.
McKinley Resources Inc.
New Gen Pharma Inc

Recent Developments in the Market:
Ø In November 2021, Holista Colltech introduced a water-soluble vitamin D drop product called Hydro-D in Malaysia. This innovative product, developed through Holista’s direct-selling subsidiary Alterni, boasts over five times higher bioavailability compared to fat-soluble vitamin D.
Ø In March 2021, Royal DSM introduced ampli-D, a vitamin D supplement in Australia designed to address global concerns and meet the growing need for immune health support. ampli-D is a faster-acting and more efficient solution for Australian consumers to increase vitamin D levels in their bodies within days and weeks, as opposed to months. This product aims to enhance immune health effectively.

Global Vitamin D Supplements Market Report Scope:
ü Historical Data – 2020 – 2021
ü Base Year for Estimation – 2022
ü Forecast period – 2023-2030
ü Report Coverage – Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
ü Segments Covered – Analog, Application, End-User, Region
ü Regional Scope – North America; Europe; Asia Pacific; Latin America; Middle East & Africa
ü Customization Scope – Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Analog:
Vitamin D2
Vitamin D3

By Application:
Functional Food and Beverages
Personal Care
Pet Food
Animal Feed

By End-User:
Pregnant Women

By Region:

North America


Asia Pacific
South Korea

Latin America

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2020-2030 (USD Billion)
1.2.1. Vitamin D Supplements Market, by region, 2020-2030 (USD Billion)
1.2.2. Vitamin D Supplements Market, by Analog , 2020-2030 (USD Billion)
1.2.3. Vitamin D Supplements Market, by Application , 2020-2030 (USD Billion)
1.2.4. Vitamin D Supplements Market, by End-User , 2020-2030 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Vitamin D Supplements Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Industry Evolution
2.2.2. Scope of the Study
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Vitamin D Supplements Market Dynamics
3.1. Vitamin D Supplements Market Impact Analysis (2020-2030)
3.1.1. Market Drivers Growing aging population Growing retail e-commerce
3.1.2. Market Challenges Stringent regulation Limited accessibility & affordability
3.1.3. Market Opportunities Increasing focus on health and wellness Rising incidence of vitamin D deficiency
Chapter 4. Global Vitamin D Supplements Market: Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Porter’s 5 Force Impact Analysis
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.3.5. Environmental
4.3.6. Legal
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. COVID-19 Impact Analysis
4.7. Disruptive Trends
4.8. Industry Expert Perspective
4.9. Analyst Recommendation & Conclusion
Chapter 5. Global Vitamin D Supplements Market, by Analog
5.1. Market Snapshot
5.2. Global Vitamin D Supplements Market by Analog , Performance – Potential Analysis
5.3. Global Vitamin D Supplements Market Estimates & Forecasts by Analog 2020-2030 (USD Billion)
5.4. Vitamin D Supplements Market, Sub Segment Analysis
5.4.1. Vitamin D2
5.4.2. Vitamin D3
Chapter 6. Global Vitamin D Supplements Market, by Application
6.1. Market Snapshot
6.2. Global Vitamin D Supplements Market by Application , Performance – Potential Analysis
6.3. Global Vitamin D Supplements Market Estimates & Forecasts by Application 2020-2030 (USD Billion)
6.4. Vitamin D Supplements Market, Sub Segment Analysis
6.4.1. Pharmaceuticals
6.4.2. Functional Food and Beverages
6.4.3. Personal Care
6.4.4. Pet Food
6.4.5. Animal Feed
Chapter 7. Global Vitamin D Supplements Market, by End-User
7.1. Market Snapshot
7.2. Global Vitamin D Supplements Market by End-User , Performance – Potential Analysis
7.3. Global Vitamin D Supplements Market Estimates & Forecasts by End-User 2020-2030 (USD Billion)
7.4. Vitamin D Supplements Market, Sub Segment Analysis
7.4.1. Adult
7.4.2. Children
7.4.3. Pregnant Women
Chapter 8. Global Vitamin D Supplements Market, Regional Analysis
8.1. Top Leading Countries
8.2. Top Emerging Countries
8.3. Vitamin D Supplements Market, Regional Market Snapshot
8.4. North America Vitamin D Supplements Market
8.4.1. U.S. Vitamin D Supplements Market Analog breakdown estimates & forecasts, 2020-2030 Application breakdown estimates & forecasts, 2020-2030 End-User breakdown estimates & forecasts, 2020-2030
8.4.2. Canada Vitamin D Supplements Market
8.5. Europe Vitamin D Supplements Market Snapshot
8.5.1. U.K. Vitamin D Supplements Market
8.5.2. Germany Vitamin D Supplements Market
8.5.3. France Vitamin D Supplements Market
8.5.4. Spain Vitamin D Supplements Market
8.5.5. Italy Vitamin D Supplements Market
8.5.6. Rest of Europe Vitamin D Supplements Market
8.6. Asia-Pacific Vitamin D Supplements Market Snapshot
8.6.1. China Vitamin D Supplements Market
8.6.2. India Vitamin D Supplements Market
8.6.3. Japan Vitamin D Supplements Market
8.6.4. Australia Vitamin D Supplements Market
8.6.5. South Korea Vitamin D Supplements Market
8.6.6. Rest of Asia Pacific Vitamin D Supplements Market
8.7. Latin America Vitamin D Supplements Market Snapshot
8.7.1. Brazil Vitamin D Supplements Market
8.7.2. Mexico Vitamin D Supplements Market
8.8. Middle East & Africa Vitamin D Supplements Market
8.8.1. Saudi Arabia Vitamin D Supplements Market
8.8.2. South Africa Vitamin D Supplements Market
8.8.3. Rest of Middle East & Africa Vitamin D Supplements Market

Chapter 9. Competitive Intelligence
9.1. Key Company SWOT Analysis
9.1.1. Company 1
9.1.2. Company 2
9.1.3. Company 3
9.2. Top Market Strategies
9.3. Company Profiles
9.3.1. High-Tech Co. Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.3.2. Zhejiang Xinhecheng Co. Ltd.
9.3.3. Taizhou Haisheng Pharmaceutical Co. Ltd
9.3.4. Xiamen Jindawei Vitamin Co. Ltd.
9.3.5. Fermenta Biotech Ltd.
9.3.6. Zhejiang Medicine Co., Ltd.
9.3.7. Dishman Group
9.3.8. Pfizer, Inc.
9.3.9. McKinley Resources Inc.
9.3.10. New Gen Pharma Inc
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

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Data Collection:
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Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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