Increasing awareness amongst the consumers in today’s stressed schedule related with health, increased usage of supplements to avoid deficiencies related with vitamin D are key factors contributing to high CAGR of vitamin D during forecast period.

 According to the current analysis of Reports and Data, the global vitamin D market was valued at USD 1.48 billion in 2018 and is expected to reach USD 3.34 billion by year 2026, at a CAGR of 8.3%. The vitamin D is an essential factor in maintaining health. Vitamin D is a pro-hormone that regulates the body’s calcium and phosphate levels in bone mineralization. It is also crucial for the increase in immunization of the body, regulation of cells of the body, and rapid increase of cells. Therefore vitamin D is a powerful source with multiple effects, which helps to maintain the body at optimum capacity. The most common advantages of vitamin D in the body which helps to maintain the health of the bones, prevention of flu, decrease the risk associated with diabetes, helps to prevent cancer cells in the body.

The exposure to the sun is the most common way of intake of vitamin D but there are some food options which provides vitamin D to the body such as, tuna fish, sardine fish, mushrooms, salmon, eggs, cod liver oil, etc. and there are some supplements available as a source for vitamin D. It is always recommended to get vitamin D from natural sources instead of supplements as the many of the supplements in the market monitored for safety by the regulatory authorities which could be harmful.

The significant deficiencies such as diabetes, depression, cancer could be for long periods of time. Therefore to avoid these deficiencies is very important and this fact is driving the growth for the vitamin D market. While the side effects because incomplete information by the consumers and having an excess intake of vitamin D such as hardening of heart, liver, blood could hinder the market growth of vitamin D.

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Further key findings from the report suggest

• Vitamin D market is growing at a CAGR of 6% in Asia Pacific followed by North America and Europe, with 8.5 % and 8.0% CAGR, respectively. Increasing awareness of health benefits across the globe is the key factor to accelerate the market growth during forecast period across all regions
• As of 2018, Food & Beverages is the dominating vitamin D application which holds 31% of the global market. North America & Asia-Pacific are equal chief revenue generating source for this product segment, followed by Europe region.
• Vitamin D2 is expected to be the fastest growing market segment during forecast period 2019-2026 with a CAGR of 8.6%. However, associated side effects and costs are major challenge for the market growth of this market segment.
• Other application type segment (that includes exposure to the sun but too much of exposure can increase the risk of skin cancer and some amount of supplements) was valued at USD 383.8 million and is expected reach USD 861.39 million by 2026.
• Asia Pacific region is anticipated to witness for 38% of the global vitamin D market. The nations such India and China where with large population the increased deficiency of vitamin D also found are driving the market for vitamin D.
• Associated side effects related to vitamin D to hinder the market growth during the forecast period.
• Key participants include Abbott Laboratories, Mankind Pharma, Zhejiang Xinhecheng Co. Ltd., Cipla, Sun Pharmaceutical Industries Ltd., GlaxoSmithKline, Merck, Novartis, Pfizer, and Sanofi.

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For the purpose of this report, Reports and Data has segmented the global vitamin D market on the basis of by type, application type, type of test, end use, and region:

By Type (Revenue in USD Million; Volume in Tons, 2016–2026)

• Vitamin D3
• Vitamin D2

By Application Type (Revenue in USD Million; Volume in Tons, 2016–2026)

• Food & Beverages
• Personal care
• Pharmaceutical
• Other Applications

By Type of Test (Revenue in USD Million; Volume in Tons, 2016–2026)

• 25 Hydroxy
• 25 Dihydroxy

By End Use (Revenue in USD Million; Volume in Tons, 2016–2026)

• Children
• Adults
• Pregnant Women

By Regional Outlook (Revenue in USD Million; Volume in Tons, 2016–2026)

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • UK
  • Spain
  • Italy
  • Rest of the Europe
• Asia Pacific
  • China
  • India
  • Japan
  • Rest of Asia-Pacific
• Middle East & Africa
• Latin America
  • Brazil

Key Points Covered in the Report:

• Key insights into the latest growth trends, developments, technological and product advancements, and research and development scenario
• Analysis of micro- and macro-economic factors and regulatory framework
• In-depth evaluation of factors such as cost, capacity, rates of production and consumption, gross revenue, profit margin, demand and supply ratio, import/export, market share, market size, and market trends
• SWOT analysis, Porter’s Five Forces Analysis, investment return analysis, and feasibility analysis to offer a comprehensive view of the competitive landscape
• Strategic recommendations to established market players and new entrants to overcome limitations and entry-level barriers in the global market landscape
• Analysis of market drivers, restraints, challenges, limitations, threats, growth prospects and opportunities

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