Vitamins
are the group of the chemical compound or ingredient which are
necessary for a human body to maintain normal metabolic functions. These
chemical compounds are also known as vitamins. Vitamins can be
segmented on the basis of types which primarily includes Vitamin A,
Vitamin B, Vitamin C, Vitamin D, Vitamin E, and Vitamin K. Vitamin D is a
fat-soluble vitamin which is naturally present in very few food
products. It is primarily found in liver and fish oil. Vitamin D is
essential for bone growth and bone remodeling by osteoblasts and
osteoclasts. Moreover, vitamin D enables in preventing rickets in
children and osteomalacia in adults. Together with calcium, vitamin D
also helps to protect older adults from osteoporosis. Thus, these are
the major factor expected to drive the growth of vitamin D ingredient
market in near future.
Vitamin D ingredient market
is segmented on the basis of ingredient types which includes vitamin D2,
vitamin D3 and vitamin D analog. Among all these segments Vitamin D3 is
expected to hold major market share. Vitamin D3 are given to patients
during treatment to recover from different illnesses and diseases
associated with vitamin D deficiency such as bone and muscular growth,
blood conditions and others which is expected to support the demand of
Vitamin D3 in the near future.
Vitamin
D ingredient market is further segmented on the basis of application
which includes infant formula and mother formula milk, fruit juices,
fortified milk and dairy products, soft drink, healthy foods (Soy foods
and fortified cereals) and food supplements. Among all these segments,
food supplements are expected to account for the major market share in
terms of revenue contribution. Increased demand of food supplements
among the consumers to prevent themselves from various types of vitamin
and mineral deficiency is expected to fuel the growth of vitamin D
ingredient market during the forecast period. Moreover, infant formula
and mother milk formula is also expected to show a substantial growth in
the near future. This growth is attributed to the increasing parental
concern to provide vitamins and minerals to their child in order to
protect them from various diseases.
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Geographically,
North America is expected to be the major contributor in terms of value
followed by Europe. Vitamin D deficiency is particularly common in this
region due to the relative lack of sunlight. Thus as naturally vitamin D
is hardly present in any edible item thus people need to depend upon
the other artificial supplements for the same which is expected to fuel
the growth of vitamin D ingredient market in these regions. However,
apart from these regions Vitamin D is also popular in warmer countries
such as Egypt, Greece, and Turkey. In developing countries of Asia
Pacific region, China is expected to dominate the market in terms of
vitamin D consumption. Moreover, Japan is expected to show a substantial
growth during the forecast period. Increasing awareness, rising demand
for the healthy diet and healthy living coupled with increasing number
of aging population is supporting the growth of vitamin D ingredient
market in Asia Pacific region.
Lack
of naturally occurring vitamin D has led the people to get inclined
towards the products which constitute of vitamin D, thus expected to
drive the growth of vitamin D market during the forecast period.
Moreover, the continuous product launch for consumption containing
vitamin D ingredient such as it has been found that 2005 and 2010 Brazil
Colombia and Mexico all saw over 300 vitamin D launches each. Which is
also expected to be the major factor for the growth of vitamin D
ingredient market during the forecast period.
Some
of the major players operating in vitamin D ingredient market include
DSM Nutritional Products Inc, Hu Bei Heng Shuo Chimeical Co Ltd, Sichuan
Province Yuxin Pharmaceutical Co Ltd, Tongxiang Tianhecheng Food
Science & Technology Co Ltd, Dishman Netherlands BV among others.
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