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Vitamin D Market: Health Awareness Boosts D2 & D3 Usage

The global vitamin D market is set to garner incremental revenue worth $2789.04 million by 2030, rising at a CAGR of 7.51% during the 2023-2030 forecast period

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Vitamin D Market: Health Awareness Boosts D2 & D3 Usage

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  1. Vitamin D Market: Health Awareness Boosts D2 & D3 Usage Over1billionpeoplegloballyarediagnosedwithvitaminD(VD)deficiency,aspertheNationalInstitutesofHealth.Inacutecases,VDinsufficiencyevensurgestheriskofosteoporosis,fractures,obesity,andotherchronicconditions.Asperourestimates,theglobal vitamin D marketissettogarnerincrementalrevenueworth$2789.04millionby2030,risingataCAGRof7.51%duringthe2023-2030forecastperiod. Popularlyknownasthesunshinevitamin,VDplaysapivotalroleinstrengtheningbonehealthamongpeople,especiallythegeriatricpopulation.However,around30-50%ofpeoplearevitaminDdeficientintheUSandCanadaduetolackofsunlightexposure,specificallyduringwinters.ThesefactorshavethusacceleratedthedemandforvitaminD2andD3supplements,supportingtheprojectedfastgrowthoftheNorth America vitamin D market. BroadeningVitaminDApplications:ADeficiencyResolution Withtherisingawarenessaboutthehealthbenefitsofvitamin-richconsumables,theinclusionofvitaminDhasincreasedsignificantlyacrossmultipleindustries,includingpharmaceutical,foodandbeverage(F&B),andanimalfeed.Theapplicationhaswidenedimmenselyoverthepastfewyears,fromfortifiedfoodstotablets. • Let’stakeadeeperlookintothekeyapplicationareasofvitaminD: • ImmunityBoosterinthePharmaceuticalIndustry: • VitaminDfindsapplicationinvitamintherapy,IVs,andlaboratoriestopromotecalciumabsorption inthebody.Inrecentyears,theriseindeficienciesandmedicalcomplicationshasacceleratedthe

  2. vitamin’sinclusioninvariousmedicationsforpromotingboneandimmunitygrowth.Hence,thepharmaceuticalcategorydominatedintermsofusage,withrevenueworth$752.43millionin2022.vitamin’sinclusioninvariousmedicationsforpromotingboneandimmunitygrowth.Hence,thepharmaceuticalcategorydominatedintermsofusage,withrevenueworth$752.43millionin2022. • TheproductionofvitaminDconsumablesincapsules,tablets,andpowderhasincreased,giventhesurgeinvariousconditions.Inthisregard,thedryformofVDcapturedthehighestmarketshareat • $1123.73millionin2022.TheelevateddemandforcondensedformshaspromptedthedemandfordryformsofVDsupplementslikespray-driedpowderandhard-shelledcapsules.Forinstance,inassociationwithRoyalDSM,MDPharmaceuticalsdevelopedavitaminDcapsuleproductcontainingampli-D,avitaminD3form.Oneofthemajorfactorsthatspurredthedemandforthisformisthelongshelflifeandconvenienceduringproduction. • LiquidformationofvitaminD,likesoftgelcapsules,hasalsogainedprominenceinreducingrisksassociatedwithdigestioninthegeriatricpopulation.Hence,allthesefactorsfueltheclinicaluseofvitaminDinthepharmaceuticalsector. • HealthTrendsFuelInclusioninFunctionalF&B: • GrowingdemandforconveniencefoodsandmountinghealthconsciousnesshavepromotedtheuseofvitaminDinfunctionalfoodsandbeverageproducts.Foodfortificationisonesuchconceptthathasgainedmomentum,essentiallyinveganproducts.Plant-basedmeatsfortifiedwithVDformsarewidelyconsumedtoboostnutrientlevels.Productslikesmoothies,milk,cereals,sportsdrinks,andjuicesarealsofortified.Forinstance,inJanuary2023,theUSFDAacceptedapetitionbyKelloggCompanytofortifyvitaminDlevelsinthecerealcategoryaswellasgrain-basedbars. • OurestimatesindicatethatfunctionalfoodandbeverageisexpectedtowitnessthefastestgrowthintheusagesegmentataCAGRof7.91%duringtheforecastperiod2023-2030. • ConsumerfocusonimprovingoverallhealthhasalsoelevatedvitaminD3andD2indietarysupplements.D2isthefastestgrowingcategory,anticipatedtoadvanceat8.30%ofCAGRover2023-2030.ThisdevelopmentismainlyowingtothecheaperproductionprocessandwidespreadavailabilityofD2.CerealsandmilkarecommonlyfortifiedwithD2toreducetirednessandmuscleweakness.Hence,expandingF&Bindustryopensmultipleavenuesforthestudiedmarket. • MaintainingAnimalWell-BeingwithD3Feed: • VitaminD3,intheformofbeadlets,oil,andpowders,hasgainedimmenseprominenceinanimalfeedproducts.Inthisregard,D3iswidelypreferredoverD2asitoffersbetterstabilityforfeedscontainingminerals,efficientlyaddressingdeficienciesinpoultryandlivestock.Inpoultry,VDisalsoadministeredviawatertomaintainadequatenutrientlevels.Anotherfactorsupportingthesegment’sgrowthistherisingdemandformeatandanimal-basedproducts.Asperourestimates,vitaminD2leadsthemarketbasedoncategory. • GrowthProspective:RisingCultureofNutricosmetics • Nutricosmeticsincludenutrient-richdietarysupplementstoimproveskinandhairconditions.Theriseindemandforadvancedbeautysolutionshaspavedthewayformanufacturerstodevelopnovelcosmeticssupplements.Forinstance,inJanuary2023,Neutrogena,incollaborationwithNourished,launchedtheAgelessSkinstack,3D-printedskinhealthdietarysupplementscontainingacoremixofnutrients,includingvitaminD3.Therefore,consumerinclinationstowardnutritionalsupplementstopromotehealthyskinfromwithinareexpectedtocreatelucrativeopportunitiesforthevitaminD market.

  3. FAQs: Q1)WhatisthesizeoftheglobalvitaminDmarket? TheglobalvitaminDmarketgained$1562.69millionin2022andisexpectedtoreach$2789.04millionby2030. Q2)WhatarethekeycategoriesandformsofvitaminD? D2andD3arekeycategories,whereasdryandliquidaremajorformsofvitaminD.

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