Vitamin D Supplements Market - Growth, Trends and Forecasts (2020 - 2025)
発行: Mordor Intelligence LLP
ページ情報: 英文 100 Pages
Global vitamin D supplements market is projected to grow at a CAGR of 7.2% during the forecast period of (2019-2024)
The market study of vitamin D supplements is available for vitamin D2 and vitamin D2 supplements. By distribution channel, the market is segmented as supermarkets/ hypermarkets, pharmacies/health stores, online retailing and other distribution channel. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America and Middle East and Africa.
Growing Acceptance of Dietary Supplements in Healthy Diets
Dietary supplements, such as vitamins, minerals, botanicals, enzymes, fatty acids, and proteins, help promote general health and well-being, by preventing nutritional deficiency diseases. The preferences for dietary supplements is growing tremendously due to the global demographic trend with rising aging population, increasing lifestyle-related diseases, and increasing costs of healthcare. Increasing sales of sports nutrition on account of growing fitness trends and sports activity, with new product launches is likely to have a significant impact on the industry. Regulatory agencies are paying more attention to the dietary supplement health claims and hence, the industry is becoming more regulated.
North America Holds the Largest Share of the Global Vitamin D Market
Publicized studies in North America have a suggested a link between vitamin-D supplementation in palliation of autoimmune symptoms, a reduced risk of bone fractures and the prevention of certain types of cancers in specific subsets of the American population, scientific evidence supporting a contrarian view is emerging, which has been looked upon, as one of the most lucrative opportunities of the vitamin-D supplements market. With the rising trend of veganism across every region of the world, the consumers in North America are also seen preferring supplements, tailored with vitamin D2 and not vitamin D3, since, the former does not come from an animal source. For example, In the United States, vitamin D2 is more commonly used in the country, in order to fortify milk. The population of North America is highly affected by the deficiency of vitamin D, causing them rickets. thus, leading to the demand for vitamin D supplements.
The leading participants, including Pfizer, The Nature's Bounty Co, Amway, Pfizer Inc., and GlaxoSmithKline plc., holds the largest share of the market. The established players in the market are focusing on rapid expansion and new product launches, in order to gain a better market share, efficient results, and competitive edge over newer competitors.