The vitamin D3 market is predicted to grow at a significant pace during the forecast period. This market growth has been primarily driven by increasing awareness related to vitamin D deficiency and the rising count of malnutrition among children.
The vitamin D3 market is predicted to grow at a significant pace during the forecast period. This market growth has been primarily driven by increasing awareness related to vitamin D deficiency and the rising count of malnutrition among children. Along with these factors, the growing incidence of osteoporosis among women is expected to develop expansion opportunities in the market during the forecast period.
On the flip side, some regulatory standards related to vitamin D have been creating restraints for market growth. But, there has been a noticeable increase in the count of government initiatives along with awareness campaigns that are likely to develop novel growth avenues in the vitamin D3 market in the years to come.
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The increasing number of vitamin deficient cases has resulted in rising consumer efforts to strengthen weak muscles. Increasing regulatory support by the key market players across the world is creating growth prospects in the market.
Vitamin D3 Market: Key Trends
Based on types, the vitamin D3 oil segment has been expected to grow at a noticeable speed in the upcoming years. The segment growth has been attributed to the rising penetration of this oil in different face products in order to tighten and strengthen the skin and repair DNA damages. Along with these features, the oil is also applied to minimize red undertones and inflammation.
Along with these immunity-boosting features, vitamin D3 provides various health benefits, for example, assistance in weight loss, enhancing heart functions, and strengthening muscles and bones. Further, sunscreen has certain limitations that are estimated to complement the expansion avenues in the industry.
Based on application, the vitamin D3 market is predicted to enjoy noteworthy demand avenues in the years to come. This rising demand can be possible with the growing incidences of child malnourishment. The use of vitamin D is helpful to provide assistance to develop bones and teeth and facilitate appropriate regulation of their heart. Thus, based on these factors, the market has been projected to grow noticeably in the upcoming years.
Vitamin D3 Market: Competitive Dynamics and Key Developments
The key players dealing in the vitamin D3 market have been incorporating various development strategies to drive growth avenues in the upcoming years. Some of these market strategies include mergers and acquisitions, technological partnerships and collaborations, novel product introductions and approvals, R & D activities, strategic initiatives, training services, and regional expansion are adopted by these prominent players to establish a stronghold in the market.
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For instance, DSM (Netherlands) and Zhejiang Xinhecheng Co., Ltd. have signed an agreement in January 2019. The agreement has been targeted for sale as well as the purchase of cholesterol. The agreement aims to provide assistance to the company for increased productivity and capacity of Vitamin D. Cholesterol has been used for the production of vitamin D3.
The key players in the vitamin D3 market are:
- Koninkljike DSM N.V
- Zhejiang Xinhecheng Co Ltd.
- Fermenta Biotech Ltd.
- BASF Se
- Dishman Group
- Glanbia PLC
- PHW Group
- Kingdom Nutrition Inc.
- New Gen Pharma Inc.
Vitamin D3 Market: Regional Assessment
The vitamin D3 market has been segmented into Europe, Asia Pacific, North America, and the Rest of the World on the basis of geographical locations. The Asia Pacific region is predicted to hold a dominating position in the regional market. This market growth has been attributed to the increasing cases of rickets that is the result of poor consumption of vitamin D. In addition to this, rising consumer demand for the healthy and nutritional products and growing income level of people are providing promising growth prospects in the food & beverages industry. Based on increasing demand for the vitamin-infused products, the vitamin D3 market has been anticipated to experience noticeable growth avenues in the years to come.
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