Rising Demand for Nutricosmetics Fuels Vitamin D Market

Triton Market Research presents the Global Vitamin D Market report segmented by Category (Vitamin D2, Vitamin D3), Usage (Animal Feed and Pet Food, Personal Care, Pharmaceuticals, Functional Food and Beverages), Consumer (Pregnant Women, Adults, Children), Formation (Liquid, Dry), and Regional Outlook (North America, Middle East and Africa, Asia-Pacific, Europe, Latin America).

The report further includes the Market Summary, Industry Outlook, Impact Analysis, Porter’s Five Forces Analysis, Industry Components, Key Buying Impact Analysis, Regulatory Framework, Key Market Strategies, Key Buying Impact Analysis, Key Market Strategies, Drivers, Challenges, Opportunities, Analyst Perspective, Competitive Landscape, Research Methodology & Scope, Global Market Size, Forecasts & Analysis (2023-2030).

Triton’s report estimated the global vitamin D market to advance with a CAGR of 7.51% during the forecast period 2023-2030.

Vitamin D promotes calcium absorption in the gut. Moreover, it helps maintain serum calcium and phosphate concentrations, enabling normal bone mineralization and preventing involuntary muscle contraction. It finds applications in various industries, including personal care, F&B, and animal feed.

In recent years, the rising inclination towards nutritional supplements to improve health has elevated the demand for vitamin D. In this regard, nutricosmetics products infused with vitamin D have gained momentum owing to their role in enhancing skin and hair condition. Other than this, the rising geriatric population seeking skin solutions has boosted the production of these supplements. Hence, the growing popularity of nutricosmetics opens new avenues for the vitamin D market across the globe.

On the contrary, stringent regulations, risks of excessive vitamin D intake, and unavailability of raw materials hamper the studied market’s overall development.

North America is anticipated to observe the fastest growth over the forecasting years. The rise in the vegan population, the fortification of food products, and vitamin D deficiency are among the major factors fueling the studied market’s growth. In the region, the fortification of vegan food products helps individuals obtain the required amounts of vitamin D via customizations. Therefore, these factors, along with rising awareness about vitamin D-induced products’ health benefits, widen the market’s scope and growth.

LycoRed Ltd, Newgen Pharma, Zhejiang Garden Biochemical High-Tech Co Ltd, Adisseo, Dishman Carbogen Amcis Ltd, BASF SE, Fermenta Biotech Limited, Koninklijke DSM NV, Vitablend, Synthesia a.s are prominent companies in the vitamin D market.

Several established players can implement a backward integration strategy to manufacture ingredients for their completed dosages. However, new players must follow the entire manufacturing process. In this regard, stringent regulations and raw material price fluctuations restrict the entry of new players. Further, existing vendors face high competition due to the expansion of end-user industries.