Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1,403.50 Million | USD 1,968.45 Million | 5.80% | 2021 |
FrequentlyAsked Questions
The aging population, increasing lifestyle-related diseases, and increasing medical costs mean that dietary supplement preferences are evolving rapidly, spurring the market's growth. Increasing sports nutrition sales are expected to significantly impact the market due to rising trends in fitness and sports activities and the launch of new products. In addition, regulators are paying more attention to health claims regarding dietary supplements, so the industry is becoming more and more regulated.
According to the report, the global vitamin D ingredients market was worth 1,403.50 (USD million) in 2021 and is predicted to grow to 1,968.45 (USD million) by 2028, with a compound annual growth rate (CAGR) of around 5.80 percent.
North American vitamin D ingredients market has the largest market share due to supportive regulations and increased consumer intake of nutritional additives. For example, in July 2016, the FDA approved an increase in the number of vitamins contained in milk as a non-essential ingredient. In addition, approval of the inclusion of vitamin D in beverages made from delicious plants served as milk replacers.
Some of the main competitors dominating the global vitamin D ingredients market include - Synthesia, Koninkljike DSM N.V, BASF Se, Fermenta Biotech Ltd, PHW Group, Bio-Tech Pharmacal, McKinley Resources Inc, Zhejiang Xinhecheng Co Ltd, Taizhou Hisound Pharmaceutical Co Ltd, Stabicoat Vitamins, and others.
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