The demand growth scale of vitamin D market is also gradually expanding
2023/10/26
Market size of vitamin D
The main source of vitamin D is sunlight exposure, and the skin can synthesize vitamin D on its own. In addition, it can also be obtained through food intake, such as fish, egg yolks, dairy products, etc. However, due to modern lifestyles, indoor work, and environmental pollution, many people lack sufficient sunlight and have an imbalanced diet, leading to a common problem of vitamin D deficiency.
The global and Chinese vitamin D markets reached 16.654 billion yuan (RMB) and 5.471 billion yuan respectively in 2022. From the perspective of revenue in the vitamin D market, the global vitamin D market size reached 18.466 billion yuan (RMB) in 2022. It is expected that the global vitamin D market size will reach 30.423 billion yuan by 2028. According to the analysis of the market size of the vitamin D industry, it is predicted that the market size of vitamin D will increase from 18.466 billion yuan to 33.466 billion yuan from 2022 to 2028, with a CAGR of approximately 10.58%.
The analysis of the market size of the vitamin D industry mentioned that the current market situation of vitamin D is constantly developing and growing. As people's attention to health increases, the demand for vitamin D is also increasing. Various forms of vitamin D supplements have emerged in the market, such as capsules, soft capsules, oral liquids, tablets, etc. Consumers can choose suitable products based on their preferences and needs.
Market demand for vitamin D
Improvement of health awareness: Analysis of the market size of the vitamin D industry indicates that as people's attention to health increases, the demand for vitamin D is also increasing. Vitamin D is considered beneficial for bone health, immune system function, cardiovascular health, and other aspects. Therefore, more and more people are paying attention to and using vitamin D supplements to meet the body's needs.
People with insufficient sunlight: The main source of vitamin D is sunlight exposure, and the skin can synthesize vitamin D on its own. However, due to modern lifestyles, indoor work, and environmental pollution, many people lack sufficient sunlight. This has led to a common problem of vitamin D deficiency, thereby increasing the demand for vitamin D supplements.
Specific population needs: Some specific populations, such as the elderly, pregnant women, lactating women, children, and adolescents, have higher demands for vitamin D. This is because their bodies require more vitamin D to maintain bone health and immune system function. Therefore, these populations typically require additional vitamin D supplementation.
Market expansion and diversification: With the growth of demand for vitamin D, various forms of vitamin D supplements have emerged in the market, such as capsules, soft capsules, oral liquids, tablets, etc. Consumers can choose suitable products based on their preferences and needs.
Overall, with the increasing awareness of health, the increasing number of people with insufficient sunlight, and the increasing demand for vitamin D among specific populations, the demand for vitamin D in the market is constantly growing. It is expected that more products and innovations will be launched in the future to meet consumers' demand for vitamin D.
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