New York, April 04, 2023 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Vitamin D Global Market Report 2023" - https://www.reportlinker.com/p06319498/?utm_source=GNW
The global vitamin d market grew from $1.36 billion in 2022 to $1.47 billion in 2023 at a compound annual growth rate (CAGR) of 8.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vitamin d market is expected to grow to $2.11 billion in 2027 at a CAGR of 9.4%.
The vitamin D market consists of sales of ergocalciferol, cholecalciferol, and pre-vitamin D.Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers.
The value of goods in this market includes related services sold by the creators of the goods.
Vitamin D refers to a nutrient that the body need in little amounts to operate and maintain health.The body uses calcium and phosphorus with the aid of vitamin D to build healthy bones and teeth.
It can dissolve in fats and oils and is present in dairy products, fatty fish, and egg yolks. It also helps to maintain good bone structure and strength.
North America was the largest region in the vitmain D market in 2022. The regions covered in the vitmain D market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The main types of vitamin D include vitamin D3 and vitamin D2.The vitamin D3 is mainly obtained from animal-sourced foods such as oil, egg yolk, butter and dietary supplements.
It is also called cholecalciferol and helps body to absorb calcium.It is mainly used to treat people having disorders such as osteomalacia or rickets.
Vitamin D is available in three IU strength ranging from 500,000 IU, 100,000 IU and 40 MIU and comes in oil form and powder form. It is used for adults, pregnant women and children.
The rise in incidences of osteoporosis in women will propel the growth of the vitamin D market.Osteoporosis is a bone disease caused by a reduction in bone mineral density and mass and a change in the quality or structure of bone.
It is usually caused by a lack of calcium and vitamin D in the body, which increases the risk of fractures while other reasons include a family history of osteoporosis, parental history of hip fracture, less body mass index (BMI), female gender due to smaller, thinner bones than men, and others.The rising prevalence of osteoporosis in women will lead to high demand for vitamin D as it is an essential nutrient that helps the body absorb calcium and phosphorus from the food eaten and build stronger bones in women after menopause.
It also helps treat diseases that cause weak bones. For instance, in November 2021, according to the facts and statistics by the International Osteoporosis Foundation (IOF), in 2019, around 25.5 million women (22.1% of women aged +50) were expected to have osteoporosis across Europe. In addition, by 2025, the global incidence of hip fracture in women is expected to increase by 240%. Thus, the rise in incidences of osteoporosis in women will drive the growth of the vitamin D market.
The faster-acting vitamin D supplement is a key trend gaining popularity in the vitamin D market.Faster-acting vitamin D supplements are nutrients that help to balance the optimal levels of vitamin D in the body more quickly than conventional vitamin D.
These are innovative and effective vitamin D supplements used to treat patients with severe vitamin D deficiency faster and help them recover fast.Key players are focusing on offering faster-acting vitamin D supplements to strengthen their market position.
For instance, in March 2021, Royal DSM, a Netherland-based chemical company focused on nutrition, health, and sustainable living, introduced ampli-D in Australia, which is a fast-acting form of vitamin D for dietary supplements.It is a faster and more effective supplement that allows the body to achieve adequate vitamin D levels to support immune health in just days and weeks rather than months.
The supplement is said to be 3 times faster and more effective than conventional vitamin D3 supplements.
In December 2020, Unilever plc, a UK-based consumer goods company acquired SmartyPants Vitamins for an undisclosed amount.This acquisition is expected to complement Unilever’s portfolio in the supplement and functional nutrient segment.
SmartyPants Vitamins is a US-based vitamin, mineral, and supplement company.
The countries covered in the vitmain D market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK and USA.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
The vitamin D market research report is one of a series of new reports that provides vitamin D market statistics, including vitamin D industry global market size, regional shares, competitors with an vitamin D market share, detailed vitamin D market segments, market trends and opportunities, and any further data you may need to thrive in the vitamin D industry. This vitamin D market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
Read the full report: https://www.reportlinker.com/p06319498/?utm_source=GNW
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