The vitamin d global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Vitamin D Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The vitamin d market size has grown rapidly in recent years. It will grow from $1.51 billion in 2023 to $1.66 billion in 2024 at a compound annual growth rate (CAGR) of 10.0%. The growth in the historic period can be attributed to increased awareness of vitamin d deficiency, growing aging population, rise in osteoporosis cases, expansion of functional food market, government initiatives for vitamin d fortification.
The vitamin d market size is expected to see rapid growth in the next few years. It will grow to $2.45 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%. The growth in the forecast period can be attributed to rising demand for dietary supplements, emphasis on preventive healthcare, growing consumer interest in health and wellness, research advances in vitamin d benefits, increasing incidence of chronic diseases. Major trends in the forecast period include fortification of various food products with vitamin d, expansion of vegan vitamin d sources, personalized nutrition and vitamin d testing, adoption of vitamin d in beauty and skin care products, online retailing of vitamin d supplements.
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Scope Of Vitamin D Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Vitamin D Market Overview
Market Drivers –
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 vitamin D market growth.
Market Trends –
Product innovations have emerged as the key trend gaining popularity in the 5G chipset market. The major players in the market are developing innovative products for market growth. For instance, in June 2021, Samsung Electronics, a South Korea-based electronics company, developed 3GPP Rel.16 compliant chipsets, a range of next-generation 5G chipsets that deliver cutting-edge 5G technologies. The new chipsets consist of a second-generation 5G modem System-on-Chip (SoC), a third-generation mmWave Radio Frequency Integrated Circuit (RFIC) chip, and a Digital Front End (DFE)-RFIC integrated chip. These are designed to increase power efficiency, boost performance, and reduce the size of 5G solutions.
The vitamin d market covered in this report is segmented –
1) By Type: Vitamin D3, Vitamin D2
2) By IU Strength: 500,000 IU, 100,000 IU, 40 MIU
3) By Form: Oil, Powder
4) By End User: Adults, Pregnant Women, Children
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Regional Insights –
North America was the largest region in the vitmain D market in 2023. The regions covered in the vitamin d market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the vitamin d market report are BASF SE, Koninklijke DSM NV, Fermenta Biotech Ltd., Xiamen Kingdomway Vitamin Co. Ltd., Zhejiang Medicine Co. Ltd., Abbott Laboratories, Bayer AG, Bluebonnet Nutrition, Carlson Labs, Country Life LLC, Doctor’s Best Inc., Douglas Laboratories, Garden of Life LLC, GlaxoSmithKline plc, Jarrow Formulas, Kirkland Signature, Life Extension, Merck & Co. Inc., Metagenics LLC, Pharmavite LLC, Nature’s Bounty Co. Ltd., Nestlé Health Science SA, Pfizer Inc., Protocol for Life Balance Inc., Pure Encapsulations Inc., Sanofi S. A., Source Naturals Inc., Sundown Naturals Inc., Swanson Health Products Inc., Twinlab Consolidated Corporation, Vital Nutrients Company Inc.
Table of Contents
1. Executive Summary
2. Vitamin D Market Report Structure
3. Vitamin D Market Trends And Strategies
4. Vitamin D Market – Macro Economic Scenario
5. Vitamin D Market Size And Growth
…..
27. Vitamin D Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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