Global Vitamin D Market Research Reports, Size, Share and trends up to 2022
Global Vitamin D Market is expected to grow at a significant CAGR in the upcoming years
as the scope and its applications are rising enormously across the globe. The
body as a response to sun exposure produces Vitamin D, also known as the
sunshine vitamin. It is a fat-soluble vitamin, which is naturally present in
very few foods and available as a dietary supplement. It is actually a
pro-hormone rather than a vitamin. Moreover, it is also produced when UV rays
from sunlight strike the skin and activate vitamin D synthesis.
Vitamin D is necessary for maintaining healthy bones and teeth,
protect against disorders like cancer, type 1 diabetes, and multiple sclerosis.
The sun, supplements, and food are the major source of vitamin D and these are
biologically inert and should undergo two hydroxylations in the body for
activation. Vitamin D Market is segmented based on analog, test type,
applications, end users, and region.
Analog such as Vitamin D3 and Vitamin D2 classify Vitamin D
Market. Test types such as 1, 25-Dihydroxy Vitamin D Test, 25-Hydroxy Vitamin D
Test, and others classify market. 25-Hydroxy Vitamin D Test segment accounts
for the largest market share of Vitamin D Market and is estimated to lead the
overall market in the years to come. This is mainly due to the ability of the
test to detect bone malfunctions, the availability of various products, and recent
commercialization.
Applications into Personal Care, Functional Food & Beverages,
Animal Feed & Food, Pharmaceuticals, and others classify Vitamin D Market.
Functional food & beverages segment accounts for the largest market share
of industry and is estimated to lead the overall market in the years to come.
This is mainly due to the rising application of vitamin D in functional food
& beverages like milk, cheese, and yogurt. End users such as Pregnant
Women, Children, and Adults classify Vitamin D Industry.
Vitamin D Market is segmented geographically Americas (North
America, Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific,
Latin America, Middle East and Africa. Globally, North America accounts for the
largest market share of Vitamin D Market and is estimated to lead the overall market in the upcoming
years. The reason being, the presence of key players in the region, high
awareness about regular screening, and accessibility of various commercialized
products in the region. Europe and Asia Pacific follow suit.
On the other hand, Asia Pacific is estimated to grow at fastest
pace in the years to come. The reason being, rising demand in developing
countries like India, commercialization of tests in China and Japan, and rising
spending on healthcare. The key players of Vitamin D Market are ADM Alliance
Nutrition, Inc., Nestlé S.A., Koninklijke DSM N.V., BASF, and Pfizer Inc. These
players are concentrating on inorganic growth to sustain themselves amongst
fierce competition. As such, mergers, acquisitions, and joint ventures are the
need of the hour.
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