Latest News- Vitamin D Market: Vitamin D3 is expected to lead the Type segment during 2024-2028
The Vitamin D Market is being driven by Increasing awareness about importance of vitamin D
The Vitamin D Market is expected to grow at a CAGR of 7.86% during 2023 and 2028. During this period, the market is also expected to show a growth of USD 665.32 million. The global vitamin D supplements market is experiencing significant growth due to the increasing trend of online purchasing. Strong online distribution channels, such as Walmart and Amazon, are driving this growth, providing vendors with new opportunities to reach a global customer base. This shift to online sales channels enables vendors to improve operational efficiencies, offer customized products, and target new market segments. The evolving retail landscape allows companies to retain existing customers and expand their reach through these platforms. As a result, an increasing number of vitamin D supplement vendors are selling their products online via platforms like Walmart, Indiamart, and Amazon.
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Which Factors Are Causing a Surge in Market Growth?
The market is segmented based on Type (Vitamin D3, Vitamin D2) Product Type (OTC, Rx) Geography (North America, Europe, Asia, Rest of World (ROW)).
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
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Key Features in Vitamin D Market Research Report
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The Vitamin D market encompasses various applications, including bone health supplements, animal nutrition, and functional food ingredients. Key drivers include nutritional deficiencies, bone density, muscle function, and calcium absorption. Bioavailability, food safety standards, and pharmaceutical grade are crucial for product efficacy. Trends include personalized nutrition, functional beverages, and sustainable agriculture. Animal welfare, cognitive decline, and healthy aging are emerging areas. Calcium intake, sunlight exposure, and nutritional education are essential for preventing bone loss, muscle growth, and kidney function. Clinical trials and bone density testing aid in understanding Vitamin D's role in bone metabolism, calcium supplementation, and bone mineral density. The food industry focuses on meeting global food supply and food security needs while adhering to calcium intake recommendations and bone health awareness. Meat production and the aging population are significant factors. Vitamin D's role in bone health, muscle function, and calcium absorption is vital for both humans and animals. 7-dehydrocholesterol, bone metabolism, patient education, and dietary interventions are also key aspects of the market.
The Vitamin D market is a significant segment of the global pharmaceuticals industry, encompassing companies involved in the research and development or production of this essential nutrient in various forms, including meat, fortified food products, and pet food. According to Technavio, the global pharmaceuticals market, which includes the Vitamin D sector, is projected to expand due to several key factors, including the increasing global population aging, leading to a rise in demand for products related to osteopenia and osteomalacia prevention, as well as the need for extended shelf life and safety in food products. The market's growth is also influenced by the increasing focus on sun exposure safety and the subsequent demand for Vitamin D supplements. Additionally, the expanding pet food industry is expected to boost the demand for Vitamin D fortified products. Overall, the global pharmaceuticals market's revenue is anticipated to grow substantially due to these and other factors.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
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