Vitamin D Market: Health Awareness Boosts D2 & D3 Usage - PowerPoint PPT Presentation

About This Presentation
Title:

Vitamin D Market: Health Awareness Boosts D2 & D3 Usage

Description:

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 – PowerPoint PPT presentation

Number of Views:1
Slides: 4
Provided by: tritonmarketresearch
Category: Other
Tags:

less

Transcript and Presenter's Notes

Title: Vitamin D Market: Health Awareness Boosts D2 & D3 Usage


1
Vitamin D Market Health Awareness Boosts D2 D3
Usage Over 1 billion people globally are
diagnosed with vitamin D (VD) deficiency, as per
the National Institutes of Health. In acute
cases, VD insufficiency even surges the risk of
osteoporosis, fractures, obesity, and other
chronic conditions. As per our estimates, 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. Popularly known as the
sunshine vitamin, VD plays a pivotal role in
strengthening bone health among people,
especially the geriatric population. However,
around 30-50 of people are vitamin D deficient
in the US and Canada due to lack of sunlight
exposure, specifically during winters. These
factors have thus accelerated the demand for
vitamin D2 and D3 supplements, supporting the
projected fast growth of the North America
vitamin D market. Broadening Vitamin D
Applications A Deficiency Resolution With the
rising awareness about the health benefits of
vitamin-rich consumables, the inclusion of
vitamin D has increased significantly across
multiple industries, including pharmaceutical,
food and beverage (FB), and animal feed. The
application has widened immensely over the past
few years, from fortified foods to tablets.
  • Lets take a deeper look into the key application
    areas of vitamin D
  • Immunity Booster in the Pharmaceutical Industry
  • Vitamin D finds application in vitamin therapy,
    IVs, and laboratories to promote calcium
    absorption

in the body. In recent years, the rise in
deficiencies and medical complications has
accelerated the
2
  • vitamins inclusion in various medications for
    promoting bone and immunity growth. Hence, the
    pharmaceutical category dominated in terms of
    usage, with revenue worth 752.43 million in
    2022.
  • The production of vitamin D consumables in
    capsules, tablets, and powder has increased,
    given the surge in various conditions. In this
    regard, the dry form of VD captured the highest
    market share at
  • 1123.73 million in 2022. The elevated demand for
    condensed forms has prompted the demand for dry
    forms of VD supplements like spray-dried powder
    and hard-shelled capsules. For instance, in
    association with Royal DSM, MD Pharmaceuticals
    developed a vitamin D capsule product containing
    ampli-D, a vitamin D3 form. One of the major
    factors that spurred the demand for this form is
    the long shelf life and convenience during
    production.
  • Liquid formation of vitamin D, like soft gel
    capsules, has also gained prominence in reducing
    risks associated with digestion in the geriatric
    population. Hence, all these factors fuel the
    clinical use of vitamin D in the pharmaceutical
    sector.
  • Health Trends Fuel Inclusion in Functional FB
  • Growing demand for convenience foods and mounting
    health consciousness have promoted the use of
    vitamin D in functional foods and beverage
    products. Food fortification is one such concept
    that has gained momentum, essentially in vegan
    products. Plant-based meats fortified with VD
    forms are widely consumed to boost nutrient
    levels. Products like smoothies, milk, cereals,
    sports drinks, and juices are also fortified. For
    instance, in January 2023, the US FDA accepted a
    petition by Kellogg Company to fortify vitamin D
    levels in the cereal category as well as
    grain-based bars.
  • Our estimates indicate that functional food and
    beverage is expected to witness the fastest
    growth in the usage segment at a CAGR of 7.91
    during the forecast period 2023-2030.
  • Consumer focus on improving overall health has
    also elevated vitamin D3 and D2 in dietary
    supplements. D2 is the fastest growing category,
    anticipated to advance at 8.30 of CAGR over
    2023-2030. This development is mainly owing to
    the cheaper production process and widespread
    availability of D2. Cereals and milk are commonly
    fortified with D2 to reduce tiredness and muscle
    weakness. Hence, expanding FB industry opens
    multiple avenues for the studied market.
  • Maintaining Animal Well-Being with D3 Feed
  • Vitamin D3, in the form of beadlets, oil, and
    powders, has gained immense prominence in animal
    feed products. In this regard, D3 is widely
    preferred over D2 as it offers better stability
    for feeds containing minerals, efficiently
    addressing deficiencies in poultry and livestock.
    In poultry, VD is also administered via water to
    maintain adequate nutrient levels. Another factor
    supporting the segments growth is the rising
    demand for meat and animal-based products. As per
    our estimates, vitamin D2 leads the market based
    on category.
  • Growth Prospective Rising Culture of
    Nutricosmetics
  • Nutricosmetics include nutrient-rich dietary
    supplements to improve skin and hair conditions.
    The rise in demand for advanced beauty solutions
    has paved the way for manufacturers to develop
    novel cosmetics supplements. For instance, in
    January 2023, Neutrogena, in collaboration with
    Nourished, launched the Ageless Skinstack,
    3D-printed skin health dietary supplements
    containing a core mix of nutrients, including
    vitamin D3. Therefore, consumer inclinations
    toward nutritional supplements to promote healthy
    skin from within are expected to create lucrative
    opportunities for the vitamin D

market.
3
FAQs Q1) What is the size of the global vitamin
D market? The global vitamin D market gained
1562.69 million in 2022 and is expected to reach
2789.04 million by 2030. Q2) What are the key
categories and forms of vitamin D? D2 and D3 are
key categories, whereas dry and liquid are major
forms of vitamin D.
Write a Comment
User Comments (0)
About PowerShow.com