Vitamin D Supplements Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Global Vitamin D Supplement Market is Segmented by Type (Vitamin D2 Supplements and Vitamin D3 Supplements), Distribution Channel (Supermarkets/ Hypermarkets, Pharmacies/Health Stores, Online Retailing, and Other Distribution Channel), and Geography (North America, Europe, Asia-Pacific, South America, Middle East, and Africa). The report offers market size and forecasts in value (USD million) for all the above segments.

Market Snapshot

Vitamin D Supplement Market size
Study Period: 2016 -2027
Base Year: 2021
Fastest Growing Market: Asia Pacific
Largest Market: North America
CAGR: 7.34 %

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Market Overview

The global vitamin D supplements market is projected to grow at a CAGR of 7.34% during the forecast period (2022 - 2027).

With the sudden impact of COVID-19, the vitamin D market has witnessed an increase in demand for products that provide digestive and immune health, which has positively impacted the market. As a result, the sales of supplements such as proteins, vitamins, and omega-3 fatty acids have seen immense growth. This resulted in the launch of numerous new products to cater to the growing demand. Moreover, to satiate the surging demand and maintain safety norms, the manufacturers have been increasing their sales by encouraging consumers to shop online.

Dietary supplements are continuously evolving to cater to the niche population segments (pregnant and breastfeeding women, geriatric, and pediatric nutrition) due to intensive fortification initiatives governments undertake worldwide. The increasing awareness related to vitamin supplements has led to favorable sentiments toward the vitamin supplements market.

The demand for Vitamin-D supplements surged during the coronavirus pandemic, primarily due to the bulk buying behavior of consumers. It is speculated that bulk purchases are not merely a lockdown-induced trend but are expected to stay throughout 2020, as consumers are trying to reduce the number of store visits as a part of social distancing. Even while shopping for supplement products online, consumers tend to engage in bulk purchases to receive more value for their delivery charges.​

Scope of the Report

Vitamin D is a group of fat-soluble secosteroids responsible for increasing intestinal absorption of calcium, magnesium, phosphate, and many other biological effects. The global vitamin D supplements market is segmented into product type, distribution channel, and geography. By product type, the market is segmented into Vitamin D2 supplements and Vitamin D3 supplements. By distribution channel, the market is segmented as supermarkets/ hypermarkets, pharmacies/health stores, online retailing, and other distribution channels. By geography, the market is segmented into North America, Europe, Asia-Pacific, South America, Middle East, and Africa. For each segment, the market sizing and forecasts have been done on the basis of value ( in USD million).

By Product Type
Vitamin D2 Supplements
Vitamin D3 Supplements
By Distribution Channel
Supermarkets/Hypermarkets
Pharmacies/Health Stores
Online Retailing
Other Distribution Channels
Geography
North America
United States
Canada
Mexico
Rest of North America
Europe
Spain
United Kingdom
Germany
France
Italy
Russia
Rest of Europe
Asia-Pacific
China
Japan
India
Australia
Rest of Asia-Pacific
South America
Brazil
Argentina
Rest of South America
Middle-East & Africa
South Africa
United Arab Emirates
Rest of Middle-East & Africa

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Key Market Trends

Escalating Demand for Dietary Supplements Across the Globe

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 are growing tremendously due to the global demographic trend with the rising aging population, increasing lifestyle-related diseases, and increasing healthcare costs. As a result of the increasing demand for dietary supplements, many countries are importing these supplements to meet their demand. For instance, according to UN Comtrade, in 2020, the United States was the world's leading importer of vitamin products. United States imported worth USD 1.5 billion, followed by Germany, France, and the Netherlands. Increasing sales of sports nutrition on account of growing fitness trends and sports activity, with new product launches, is likely to significantly impact the industry. Regulatory agencies are paying more attention to dietary supplement health claims, thus, the industry is becoming more regulated.

Vitamin D Supplement Market trends

North America Holds the Largest Share

The Vitamin D market in the region is led by high cases of orthopedic and bone-related issues. According to a US Bone and Joint Health Initiative report, "One in two Americans have a musculoskeletal condition, costing an estimated USD 213 billion each year, in treatment and lost wages". Additionally, an estimated 126.6 million Americans (one in two adults) are affected by a musculoskeletal condition- comparable to the total percentage of Americans living with a chronic lung or heart condition.​Thus, the stats suggest a high burden on healthcare and consumers' personal expenditure that goes into the cure of bone treatment, increasingly leading them toward a better alternative industry of vitamin D supplements.

Vitamin D Supplement Market growth rate

Competitive Landscape

The global Vitamin D supplement market is highly fragmented owing to several global, regional, and local players. Key players in the market include Pfizer, Nature’s Bounty Co, Amway Corporation, Pfizer Inc., and GlaxoSmithKline plc., which hold a major market share. The established players in the market are focusing on rapid expansion and new product launches to gain a better market share, efficient results, and a competitive edge over newer competitors. Expansion is another major strategy by key players to scale up their production efficiencies and develop niche offerings that cater to the customization requirements of consumers.

Recent Developments

In November 2021, Holista Colltech launched a water-soluble vitamin D drop product in Malaysia. The product is said to be more than five times more bioavailable than fat-soluble vitamin D. The product known as Hydro-D was developed using a patented technology via the company's direct-selling subsidiary Alterni.

In March 2021, Royal DSM launched ampli-D, three times faster-acting vitamin D supplement in Australia to address global concerns and needs in supporting immune health. ampli-D is a faster and more effective way for Australian consumers to boost vitamin-D levels in the body in days and weeks instead of months to support immune health.

In November 2020, Yumi nutrition launched New Vitamin D and Vitamin C gummies. The Yumi sunshine Vitamin D gummies contain a bioactive form of Vitamin D and deliver a dose of 1000 IU Vitamin D3 per 2 gummies daily.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Drivers

    2. 4.2 Market Restraints

    3. 4.3 Porter's Five Forces Analysis

      1. 4.3.1 Threat of New Entrants

      2. 4.3.2 Bargaining Power of Buyers/Consumers

      3. 4.3.3 Bargaining Power of Suppliers

      4. 4.3.4 Threat of Substitute Products

      5. 4.3.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Product Type

      1. 5.1.1 Vitamin D2 Supplements

      2. 5.1.2 Vitamin D3 Supplements

    2. 5.2 By Distribution Channel

      1. 5.2.1 Supermarkets/Hypermarkets

      2. 5.2.2 Pharmacies/Health Stores

      3. 5.2.3 Online Retailing

      4. 5.2.4 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

        1. 5.3.1.1 United States

        2. 5.3.1.2 Canada

        3. 5.3.1.3 Mexico

        4. 5.3.1.4 Rest of North America

      2. 5.3.2 Europe

        1. 5.3.2.1 Spain

        2. 5.3.2.2 United Kingdom

        3. 5.3.2.3 Germany

        4. 5.3.2.4 France

        5. 5.3.2.5 Italy

        6. 5.3.2.6 Russia

        7. 5.3.2.7 Rest of Europe

      3. 5.3.3 Asia-Pacific

        1. 5.3.3.1 China

        2. 5.3.3.2 Japan

        3. 5.3.3.3 India

        4. 5.3.3.4 Australia

        5. 5.3.3.5 Rest of Asia-Pacific

      4. 5.3.4 South America

        1. 5.3.4.1 Brazil

        2. 5.3.4.2 Argentina

        3. 5.3.4.3 Rest of South America

      5. 5.3.5 Middle-East & Africa

        1. 5.3.5.1 South Africa

        2. 5.3.5.2 United Arab Emirates

        3. 5.3.5.3 Rest of Middle-East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Most Active Companies

    2. 6.2 Most Adopted Strategies

    3. 6.3 Market Share Analysis

    4. 6.4 Company Profiles

      1. 6.4.1 Amway Corporation

      2. 6.4.2 General Nutrition Centers Inc.

      3. 6.4.3 The Nature's Bounty Co.

      4. 6.4.4 Pfizer Inc.

      5. 6.4.5 Otsuka Holdings Co. Ltd

      6. 6.4.6 Everidis Health Sciences LLC

      7. 6.4.7 Sapien Products LLC

      8. 6.4.8 THQ Nordic AB

      9. 6.4.9 GHC Holdings Inc.

      10. 6.4.10 Bayer Ag

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. IMPACT OF COVID-19 ON THE MARKET

**Subject to Availability

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Frequently Asked Questions

The Vitamin D Supplements Market market is studied from 2016 - 2027.

The Vitamin D Supplements Market is growing at a CAGR of 7.34% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

North America holds highest share in 2021.

The Nature's Bounty Co., Amway, GlaxoSmithKline plc., General Nutrition Centers, Inc., Pfizer Inc. are the major companies operating in Vitamin D Supplements Market.

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