The global vitamin D ingredients market has grown strongly and steadily as a result of rising instances of vitamin D deficiency, health problems associated with it, and expanding consumer awareness of health issues. The market for vitamin D ingredients is currently valued at USD 1500 million and is anticipated to grow at a CAGR of 6%, resulting in a significant market value of USD 2686.3 million.
The market is anticipated to increase at a CAGR of 12.01% through 2026 and will likely have a larger weighted average volume than the Vitamin D2 components segment.
The market for vitamin D ingredients in Western Europe is expected to increase at a CAGR of 13.6%, followed by the market for vitamin D ingredients in Eastern Europe.
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Consumption of vitamin D beverages containing vitamin D ingredients such as fortified drinks, juices and water is on the rise, owing to this preference factor. Beverages are easy to consume as compared to food products and customers perceive beverages as easy to drink and digest. They can also be transported easily in bottles and consumed at any place.
As per the report, globally, the value and volume share contribution of the fish source segment to the overall market revenue is expected to witness significant growth as compared to other source segments. This growth can be attributed to the ease in the production of vitamin D ingredients from fish. Fish contain quite a large amount of vitamin D as compared to other natural sources, which makes them a competent raw material for the production of vitamin D ingredients. The growth of the fish source segment can also be attributed to the strong demand for vitamin D from North America and Europe and growing demand in APEJ countries.
Globally, the value and volume share contribution of the powder form segment to the overall market revenue is expected to witness significant growth as compared to other form segments. This growth can be attributed to the strong demand for vitamin D powder in North America, Europe and Japan and the growing demand in APEJ and MEA countries. In terms of market value, revenue from the powder segment is expected to expand at a CAGR of 12.42% between 2016 and 2026, whereas that from the liquid segment is expected to expand at a CAGR of 8.88% in terms of value over the forecast period.
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Key Segments Covered
By Product Type
- Vitamin D3
- Vitamin D2
By Source
- Milk
- Eggs
- Fish
- Animals
- Plant, Fruits and Vegetables
- Others (Microalgae, Fungi, Yeast, Plants etc.)
By Application
- Pharmaceuticals
- Food
- Beverages
- Cosmetics
- Animal Feed and Pet Food
- Others
By Form
- Powder
- Resin
- Liquid
Key Regions/Countries Covered
- North America
- Latin America
- Western Europe
- Eastern Europe
- Asia Pacific Excluding Japan (APEJ)
- Middle East & Africa (MEA)
- Japan
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Key Questions Answered in the Report
- What is the size of Vitamin D Ingredients Market?
The Vitamin D Ingredients Market is valued at US$ 1.47 Billion in 2021 with an expected CAGR of 10.02% through 2026, reaching US$ 2.37 Bn.
- Which are the leading companies in Vitamin D Ingredients Market?
Key players in the Vitamin D Ingredients Market include BASF SE, Dishman Netherland B.V., Barr Pharmaceuticals, LycoRed Limited, Zhejiang Garden Bio-Chemical High-tech Company Limited.
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