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

Recording the highest CAGR both in terms of value and volume, the Vitamin D3 segment is the undoubted leader in the product type segment

The Vitamin D3 product type segment was estimated to account for more than 70% value share in 2016, while the Vitamin D2 product type segment was estimated to hold close to 30% value share in 2016. This segment is expected to lose more than 600 BPS during 2016 – 2026 and is expected to account for more than 20% value share by 2026. The Vitamin D3 segment is forecast to be valued at more than US$ 2,000 Mn by the end of 2026, registering a CAGR of 12.0% between 2016 and 2026.

In 2015, the total demand for Vitamin D3 stood at more than 7,000 Tonnes in terms of volume, which is expected to increase to more than 23,000 Tonnes by 2026, recording a CAGR of 11.6% in terms of volume over the period of forecast. In terms of volume consumption, the Vitamin D3 segment accounted for the highest share in 2015 and is expected to remain dominant over the forecast period. In terms of volume growth, the Vitamin D3 product type segment is anticipated to grow 2.99X over the forecast period.

Increasing cases of diseases caused by Vitamin D deficiency likely to fuel the growth of the Vitamin D3 segment

Diseases such as rickets are growing globally, directing a sharp rise in Vitamin D3 and D2 consumption. Vitamin D3 and D2 is consumed through medicines owing to unavailability of a vaccine for the disease. Now-a-days, Vitamin D deficiency is becoming a common threat due to little exposure to sunlight coupled with poor eating habits. The working class population across the globe spends most of the daytime hours at the workplace, which reduces their vitamin D3 and D2 intake. People living in urban cities are more susceptible to vitamin D3 and D2 deficiency as compared to people living in rural areas. This factor is creating robust development in the Vitamin D3 product type segment.

Consumers prefer Vitamin D drinks due to their cultural preferences for beverages. Demand for Vitamin D3 and D2 based beverages such as the different types of fortified drinks, juices, and water is on the rise owing to the preference factor. Demand for energy drinks and sports drinks is also playing a significant role in boosting revenue growth of the Vitamin D3 segment. High demand for these drinks globally due to increased attention towards physical fitness and sports activities is likely to boost market growth of the Vitamin D3 and D2 product type segments of the global Vitamin D ingredients market. Recommendations of various regulatory agencies regarding the intake of Vitamin D have given a boost to the Vitamin D3 and D2 segments owing to a rising awareness of diseases and problems related to Vitamin D deficiency. Likewise, easy availability of raw materials is also expected to drive the growth of these segments, eventually fuelling the growth of the global Vitamin D ingredients market.

global vitamin d ingredients market

Vitamin D3 segment is expected to expand at 12.1% CAGR during the forecast period in the North America Vitamin D ingredients market

The Vitamin D3 segment was estimated to account for a market share of more than 70% in 2016 in the North America Vitamin D ingredients market and is expected to expand at a CAGR of 12.1% from 2016 to 2026, in terms of value. The Vitamin D2 segment is expected to register a CAGR of 6.1% in the North America Vitamin D ingredients market. Market share of the Vitamin D2 and D3 segments in the North America Vitamin D ingredients market is anticipated to increase significantly over the forecast period owing to increasing demand from the pharmaceuticals and food and beverages industries.

A deliberate attempt made by the government as well as liberalisation of policies will open several doors of opportunity for Vitamin D ingredients companies. This is the gist of a newly published report titled “Vitamin D Ingredients Market: Global Industry Analysis and Opportunity Assessment, 2016–2026.” This Future Market Insights report for a projected period of 10-years reveals the key market trends and market dynamics in seven assessed regions, which are expected to positively affect the current market environment and future scenario of the global Vitamin D ingredients market over the forecast period. The global vitamin D ingredients market is dependent on macroeconomic factors such as purchase power parity, consumer spending, increasing Vitamin D deficiency, a growing vitamin production and distribution market, and fruit pharmaceutical application industry growth. Our analysts have leveraged PESTLE analysis while researching the global Vitamin D ingredients market. Political, economic, social, technology, environment and legal components have been covered under PESTLE analysis. We have also used Porter’s Five Force analysis to study the performance of the global Vitamin D ingredients market.

Through extensive market research, our analysts have observed that shift in preferences towards natural sources from synthetic Vitamin D ingredients is likely to lead to a high threat of new entrants. Also, due to high prices of certain natural sources, raw material procurement is a concern for several manufacturers of Vitamin D ingredients. The report further states that changing requirements as per the concerned industry applications are leading to a high bargaining power among buyers.

Report structure

The report begins with a standard executive summary and definition of key market categories and their share in the global Vitamin D ingredients market. The executive summary is followed by an overview of the global Vitamin D ingredients market, which includes Future Market Insights’ analysis of market drivers, restraints, opportunities and trends that are likely to impact the growth and performance of the global Vitamin D ingredients market over the forecast period. Furthermore, to understand the popularity of the diverse market segments and regions, the report includes a market attractiveness index along with the segmental and regional revenue forecast, with elaborate insights that showcase the market’s attractiveness based on key metrics such as CAGR, absolute dollar opportunity, and incremental opportunity.

Key segments covered in the global Vitamin D ingredients market report

By Application

By Source

By Product

By Form

By Region

  • Pharmaceutical

  • Food

  • Beverage

  • Cosmetics

  • Animal Feed and Pet Food

  • Others

  • Milk

  • Eggs

  • Fish

  • Animals

  • Plants, Fruits, and Vegetables

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

  • Vitamin D3

  • Vitamin D2

  • Powder

  • Resin

  • Liquid

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • Asia Pacific Excluding Japan (APEJ)

  • Middle East and Africa (MEA)

  • Japan

Exclusive research methodology

While studying the global Vitamin D ingredients market, yearly change in inflation rate has not been considered while forecasting market numbers. A bottom-up approach has been used to assess market numbers for each segment while a top-down approach has been used to counter-validate the reached market numbers. Macroeconomic indicators such as vitamin D industry outlook, spending and others have been considered to arrive at the indicated market numbers. Consumption figures have been calculated by considering production figures, import figures, export figures, and figures pertaining to waste and stocks. Prices of Vitamin D3 and Vitamin D2 are considered by taking a weighted average of the different grades such as food grade, feed grade and pharma grade Vitamins. All values for market size are in US$ Million.

Future Market Insights analysts have done in-depth secondary research to ascertain overall market size, top industry players, and top products. In order to conduct expert and industry interviews, Future Market Insights formulates a detailed discussion guide, based on which our analysts conduct interviews with industry experts, industry players, retailers and distributors. Data is validated using the triangulation method, wherein secondary research (consisting of company websites, company annual reports, white papers and financial reports), primary research, and Future Market Insights analysis contributes to the final data. Our analysts have also referred to paid publications such as Factiva, GBI, Genios, and Meltwater while drafting this report on the global Vitamin D ingredients market.

Market examination based on key growth parameters

It is imperative to note that in an ever-fluctuating global economy, our analysts have not only conducted forecasts on the basis of CAGR, but have also analysed the market on the basis of key parameters such as Year-on-Year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities likely to emerge in the global Vitamin D ingredients market. We have also analysed the different market segments in terms of basis point share (BPS) to identify segmental contribution to overall market growth. Another key feature of this report is the analysis of the different segments of the global Vitamin D ingredients market and the corresponding revenue forecast by absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity analysis is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales perspective in the global Vitamin D ingredients market. Also, to understand key market segments on the basis of their growth and performance in the global Vitamin D ingredients market, Future Market Insights has developed a unique market attractiveness index to help providers identify real market opportunities.