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According to a recent report by Reports and Data, the global Vitamin D3 Powders Market is expected to grow significantly and reach USD 233.8 Million by 2030 with a revenue CAGR of 3.0% over the forecast period. The growth in the market can be attributed to the increasing demand for fortified food products in households, driven by two main factors - initiatives taken by governments and regulatory bodies to promote these products and the rising self-awareness amongst the general population about the threats of an unhealthy diet on personal and professional life. The report suggests that it is practical to increase the production of Vitamin D3 Powders products to meet the rapidly rising demand for such food products.
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The animal feed industry is identified as a potentially attractive area due to its nature of being a consolidated industry and the potential to generate value in terms of other allied industries such as dairy or farms. Lifestyle choices and the external environment also play a key part in influencing health in these challenging times, thereby boosting the need for a more nutritious dietary regime.
However, excessive consumption of vitamin D-rich food materials or supplements can lead to a condition known as ‘vitamin D toxicity’. This is one of the primary challenges in the expansion of this market, which is expected to restrain market revenue growth.
The report highlights that the crystallization segment is expected to account for a significant market share revenue over the forecast period, driven by the increasing usage of crystalline vitamin products during Vitamin D3 Powders production. The Latin American Vitamin D3 Powders market is also expected to register steady revenue growth due to ample availability of raw products and rapid demographic growth, as well as the rapid implementation of newest technologies by manufacturers based in countries in Latin America.
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The major companies in the global market report include BASF SE, GSK plc, American Way Cooperation, Pfizer Inc., Zhejiang NHU Company Ltd., Zhejiang Garden Bio-chemical High-tech Co., Ltd., Fermenta Biotech Limited, Kraft Foods Group., LycoRed Ltd., and Dishman Carbogen Amcis Limited. In January 2020, Fermenta Biotech Limited amalgamated with DIL Ltd. to bring in more capital inflow, which can be efficiently managed and funneled to expand the scope of production of Vitamin D3 Powders.
The report has segmented the global Vitamin D3 Powders market based on product type, application, and region. The product type outlook includes Vitamin D3 Powders tablets & capsules, Vitamin D3 Powders powder, Vitamin D3 Powders crystallization, Vitamin D3 Powders creams, Vitamin D3 Powders oils. The application outlook includes healthcare supplements, food and beverages, pharmaceutical, animal and pet feed, and others. The regional outlook includes North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
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Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
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