Vitamin D Ingredients Market

Vitamin D Ingredients Market: Vitamin D3 to Outrank Vitamin D2 as the Most Attractive Segment in Value and Volume Terms Throughout the Forecast Period: Global Industry Analysis and Opportunity Assessment, 2016-2026

  • 2017-02-16
  • REP-GB-2952
  • 447 pages
  • Format: PDF/PPT/Excel

An Incisive, In-depth Analysis on the Vitamin D Ingredients Market

This study offers a comprehensive, 360 degree analysis on the Vitamin D Ingredients market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Vitamin D Ingredients market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

In terms of value, the global market for vitamin D ingredients is expected to increase at a CAGR of 10.2% during the forecast period and is projected to account for US$ 2,379.08 Mn by 2026 end. Increase in the demand for vitamin D ingredients can be attributed to the increasing use of vitamin D supplements as a result of increasing instances of vitamin D deficiency. Vitamin D ingredients are also used in fortified drinks. Consumers prefer vitamin D drinks due to the cultural preference of beverages in European and American countries. Consumption of vitamin D beverages containing vitamin D ingredients such as fortified drinks, juices and water is on the rise, owing to this preference factor. Beverages are easy to consume as compared to food products and customers perceive beverages as easy to drink and digest. They can also be transported easily in bottles and consumed at any place. However, food requires special packaging while transporting from one place to another, owing to which customers are showing more interest in beverages fortified with vitamin D ingredients.

The vitamin D Ingredients market has been segmented on the basis of product type into Vitamin D3 and Vitamin D2. Of these two product type segments, the vitamin D3 segment is expected to exhibit a higher weighted average share in terms of volume as compared to the vitamin D2 ingredients segment. The segment is projected to increase with a CAGR of 12.01% from 2016 to 2026.

The global vitamin D ingredients market has been segmented on the basis of application to into pharmaceutical, food, beverage, cosmetics, animal feed & pet food and others. Pharmaceutical is the most common end use for vitamin D ingredients.Pharmaceutical applications of vitamin D ingredients include medicines, herbal treatments, spas and many more. Vitamin D ingredients are also used in medicines and other pharmaceutical related products.  Among the different types of vitamin D ingredients, Vitamin D3 held the dominant share in 2016. Food applications of vitamin D ingredients refer to the applications in any products that can be termed as food and cannot be a part of any other application. These include the following categories: dairy and frozen products, bakery and confectionary products and others, such as fast food and sizzlers.

The global vitamin D ingredients market is driven by several factors such as easy regulations and the separate categorization of dietary supplements from food. Vitamin D ingredients are listed under the Dietary Supplement category of FDA, which is a separate category created to distinguish these products from food. Dietary supplement manufacturers are not required to take approvals from the FDA. This category helps vitamin D manufacturers sell their products quickly in the market, without any hurdles. Before a company sells a dietary supplement, it needs to make sure that the products it manufactures are safe, that no false or misleading information is provided to customers and that it must comply with FDA regulations and that Federal Food, Drug and Cosmetic Act. As per the FDA, supplements are not intended to treat, diagnose, prevent, or cure diseases. These features are meant to be used by drug manufacturers. Despite these restrictions, vitamin D manufacturers enjoy a wormhole, which allows them to sell their products without much trouble. Regulatory bodies advertise the benefits and uses of vitamin D and the problems associated with its deficiency and intake limits, which is a major driving factor for the growth of the vitamin D ingredient market.

global vitamin d ingredients market

The FDA, EFSA, NIH and many other regulatory agencies or government bodies have issued recommendations on vitamin D intake for every age group and pregnant women over the past few years. These regulatory agencies have identified the importance of vitamin D intake and the problems associated with the deficiency of the same. They have started issuing recommendations on the intake of dietary supplements, especially for vitamin D, to help people achieve a better lifestyle and health.

The demand for vitamin D ingredients has been on the rise over the past couple of decades. Vitamin D ingredients are expected to witness an increase in the demand from the global nutraceuticals and functional food industry as they are among the most common micronutrients used to fortify a wide variety of food products as well as a common base for nutraceuticals, dietary supplements, cosmetics, etc.

Vitamin D ingredients are expected to find higher applications as recently researchers have discovered that vitamin D ingredients and health supplements can reduce the risk of autism in new born babies. Sufficient dosage to pregnant women can help in reducing the risk. Research on the link between autism and vitamin D started from 2008, when Dr. John Cannell of the Vitamin D Council published a paper on the same. Many researches have been conducted on the same, but significant evidence was found in December 2016, when Professor John McGrath from the University of Queensland’s Brain Institute led a research team, and found that babies of pregnant women who didn’t take vitamin D supplements were found to be more prone to autism. Thus, medicines specifically structured for pregnant women will present a future opportunity for the market.

From a regional perspective, the global vitamin D ingredients market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan, the Middle East & Africa and Japan.Among the above mentioned regions, the Western Europe vitamin D ingredients market is expected to register the highest CAGR of 13.6 % in terms of value, followed by the Easter Europe vitamin D ingredients market. TheAPAC vitamin D ingredients market is also expected to gain a nominal market share, owing to the high demand from India and China.

Key players in the vitamin D ingredients market include BASF SE, Dishman Netherland B.V., Barr Pharmaceuticals, LycoRed Limited, Zhejiang Garden Bio-Chemical High-tech Company Limited, Fermenta Biotech Ltd., Schiff Nutrition International, Inc. (Reckitt Benckiser),Glaxo Smith Kline and J.R. Carlson Laboratories.

Major players in the vitamin D ingredients market are engaged in research and development to establish the link between vitamin D ingredients and breast cancer survival. A recent research study published in the ‘Clinical Breast Cancer’, a magazine published by Elsevier, found that vitamin D supplement intake with chemotherapy can advance disease-free survival in women with HER2+ breast cancer. The research found that patients who took supplements containing vitamin D ingredient had a significantly better five-year disease-free survival as compared to those who did not. Also, patients who received supplements consisting vitamin D showed non-significant improved overall survival. This study gave boost to the theory that linked vitamin D with breast cancer.

This report provides a forecast and analysis of the global vitamin D ingredients market. It provides historical data for 2015 along with estimated data for 2016 and a forecast data for the duration of 2016–2026 in terms of revenue (US$ Mn) and Volume (MT).The report also comprises macroeconomic indicators along with an outlook on the global vitamin D ingredients market. It includes drivers and restraints in the worldwide vitamin D ingredients market and their impact on all the regional markets during the forecast period.

The report also encompasses the study of existing industry trends and prospects for the vitamin D ingredients market. In order to provide users of this report with an all-inclusive view of the market, we have included a detailed competitiveness analysis of key players and their tactical overview. The dashboard offers a detailed comparison of vitamin D ingredients’ manufacturers on the basis of parameters such as total revenue, product offerings and key strategy. The study encompasses market attractiveness analysis by product type, source type, form type, application and region.

Increasing awareness among adults and consumers of other age groups around the globe regarding the various benefits associated with the application of cosmetics to fulfill vitamin D intake through skin is a major factor driving the market growth. Recent mergers and acquisitions are creating new opportunities for producers of vitamin D ingredients and are thus expected to fuel the vitamin D ingredients market growth during the forecast period.Cosmetic companies have started producing cosmetics with vitamin D ingredients as raw materials, which has revealed enormous results in the vitamin D levels of consumers. Initially, companies were adding fruit content in cosmetics, which added a hint of vitamin D in their products, but the level of vitamin D intake was still low as compared to the recommended levels by regulatory bodies. To breach this gap, companies started launching products consisting of high quantities of vitamin D, which provide sufficient nourishment and thus, promote the overall revenue growth of the Vitamin D Ingredients market.

The report includes company profiles of key producers of vitamin D ingredients and the revenue generated from the companies across North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan (APEJ), Japan, the Middle East & Africa. By product type, the global vitamin D ingredients market has been segmented into Vitamin D3 and Vitamin D2. By source type, the vitamin D ingredients market has been segmented into milk, eggs, fish, animals, plants, fruits & vegetables and others (microalgae, fungi, yeast, plants, etc.). By form, the vitamin D ingredients market has been segmented into powder, resin, and liquid. The global vitamin d ingredients market has been segmented on the basis of application into pharmaceutical, food, beverage, cosmetics, animal feed & pet food and others.

For the estimation of revenue, regional average prices were found through quotes from several vitamin D ingredient producers/manufacturers, exporters, and distributors. The data for vitamin D ingredients is obtained from the U.S. associations and government bodies and for all key countries considered in the study. The trade analysis for these vitamin D ingredients has been done to arrive at the consumption scenario of vitamin D ingredients in different industries. The analysis of the food processing industry has been conducted to analyze the vitamin D ingredients consumption market scenario. All the significant end-use segments have been included and potential uses have been estimated on the basis of secondary sources and feedback from primary respondents. Some of the key data points collected for the modeling approach include food and beverage, pharmaceutical and cosmetic industry scenario, market outlook, food processing industry overview, major types of vitamin D ingredients consumed, etc. The market has been forecast based on constant currency rates.

This section of report discusses, in particular, how the global competition in the market is gradually increasing. It addresses the various dynamics that are determining internal as well as external competition in the market. Numerous obstacles to enter in the industry are analyzed and regarded on the basis of their influence on the competition level in the market.The consumption of vitamin D ingredient fortified food products is increasing around the globe, particularly in developing countries, and is one of the key drivers contributing to the progression of the global vitamin D ingredients market.

The report discusses the market share of the global vitamin D ingredientsmarket on the basis of segmentation by applications, including pharmaceuticals, food products, beverages, cosmetics and animal feed and pet food products. A fragment of the report gives insights on the vitamin D ingredientsdemand, as per the different regions considered in the report for vitamin D ingredients market.

The report offers a market viewpoint for 2016–2026 and sets the forecast within the framework of the vitamin D ingredientsecosystem, comprising new technological developments as well as new product offerings in the market at a global level. This study talks about the key regional trends driving to growth of the vitamin D ingredientsmarket internationally as well as analyses the degree to which these drivers are prompting the market in each region. Key regions evaluated in this report include North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and MEA.

In the last section of the report, a detailed competitive landscape has been provided to deliver audiences with a dashboard view. Key providers covered in the report are Vitamin D ingredient producers and suppliers. In depth profiles of the providers are also included in the scope of the report to assess their long-term and short-term plans, key offerings and most recent developments.

A number of primary and secondary sources were consulted during the course of the study. Secondary sources include Factiva and Hoovers and company annual reports and publications. This report covers market dynamics such as drivers and trends influencing the segments and opportunities in the vitamin D ingredients market. The report also includes analysis and insights regarding the potential of the vitamin D ingredients market in specific regions. Detailed profiles of providers are also included in the scope of the report to evaluate their long-term and short-term strategies, the product portfolio of vitamin D ingredient manufacturers and recent developments in the market. The Dishman Netherlands BV has been being recognized as the world’s sole large-scale producer of vitamin D2 ingredients. Companies such as BASF SE, Royal DSM NV, Schiff Nutrition International, Inc. (Reckitt Benckiser), and Zhejiang Garden Biochemical High-tech Company Limited are some of the other major manufacturers of vitamin D ingredients.

Key Segments Covered

  • By Product Type

    • Vitamin D3

    • Vitamin D2

  • By Source

    • Milk

    • Eggs

    • Fish

    • Animals

    • Plant, Fruits and Vegetables

    • Others (Microalgae, Fungi, Yeast, Plants etc.)

  • By Application

    • Pharmaceuticals

    • Food

    • Beverages

    • Cosmetics

    • Animal Feed and Pet Food

    • Others

  • By Form

    • Powder

    • Resin

    • Liquid

  • Key Regions/Countries Covered

    • North America

    • Latin America

    • Western Europe

    • Eastern Europe

    • Asia Pacific Excluding Japan (APEJ)

    • Middle East & Africa (MEA)

    • Japan

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