Feed Grade Vitamin D Market Size, Share, Growth, And Industry Analysis By Type (Vitamin D3 Oil, Vitamin D3 Powder), By Application (Poultry Feeds, Ruminant Feeds, Pig Feeds, Other Feeds) and Regional Forecast to 2027

Updated On: 22 April 2024

feed grade vitamin D market Report Overview

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The global feed grade vitamin D market size was USD 102 million in 2020 and is expected to reach USD 123.6 million by 2027, exhibiting a CAGR of 2.8% during the forecast period. The COVID-19 pandemic has been unprecedented and staggering, with the feed grade vitamin D market experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market’s growth and demand returning to pre-pandemic levels.

Vitamin D3 and its derivatives are often added to feed to regulate calcium and phosphorus metabolism in livestock and poultry. Vitamins play an important role in improving the nutritional value of foods and beverages. Growing consumer awareness of healthy eating has significantly increased the demand for vitamin D. In addition, its consumption helps to lose weight and proper absorption of minerals. With the increase in the diabetic and obese population in the region, the demand for nutrient-rich products is expected to increase, which in turn will increase the demand for vitamin D in the coming years.

The feed grade vitamin D market is expected to grow significantly during the forecast period due to increasing use of dietary vitamin supplements as consumers in developing and developed regions prefer healthy products such as health drinks, dietary supplements, and fortified beverages processed foods benefits. As a result, increasing consumer demand for such products is driving the overall market for vitamin D in the food industry.

COVID-19 Impact: COVID-19 Resulted In Industrial Flood Causes Market Distortions

For chemicals and advanced materials, the outbreak of COVID-19 has caused problems such as unstable markets, loss of customer confidence and challenges in the import and export business. The global supply chain includes sourcing, packaging and distribution of raw materials. Movement of goods, chemicals and other goods became difficult due to blockades. It had an economic impact on the materials market, in addition to the immediate impact on markets, supply chains, supply and demand, and all those other things. Chemical manufacturers are focusing on protecting their workforce, operations and supply network to meet this urgent situation. The pandemic affected industry dynamics and forced organizations to reform their entire operational structures to maintain stability amid disruption. In addition, the epidemic has affected the business activities of companies that affect the entire chemical and specialty materials industry. This has partly affected the food vitamin d industry.

Latest Trends

"Technological Development Promotes Market Expansion "

Technological advances in production have played an important role in the feed grade vitamin D market. This development has increased the efficiency, scalability and cost-effectiveness of industrial processes. Methods for extracting and synthesizing vitamin D have advanced thanks to technology that has made the process easier and more efficient. Thanks to advances in technology, vitamin D can now be extracted from natural sources or created chemically Vitamin D3 is usually synthesized from lanolin, which is made from sheep's wool, or by irradiation of 7-dehydrocholesterol found in plant sources. Vitamin D3 is the recommended form of vitamin D as a supplement. Using UV radiation and artificial sunlight, these precursors can now be reliably and controllably converted to vitamin D3 thanks to technological breakthroughs. As a result, these factors together contribute to market expansion and increase the company's income. As a result, the aforementioned factors are helping the market to recover.

feed grade vitamin D market Segmentation

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• By Type Analysis

According to type, the market can be segmented into Vitamin D3 Oil, Vitamin D3 Powder. Vitamin D3 Oil is anticipated to be the leading segment.

• By Application Analysis

Based on application, the market can be divided into Poultry Feeds, Ruminant Feeds, Pig Feeds, other Feeds. Poultry Feeds will be the dominating segment.

Driving Factors

"Consumer Preference For Fortified Foods to Fuel The Market Growth "

In recent years, health-conscious consumers have sought, in addition to nutritious foods, foods that provide important health ingredients to prevent possible diseases and improve physical and mental well-being. The growing demand for healthy foods enriched with healthy ingredients has shown that consumers prefer prevention over cure. Awareness of this encourages consumers to include fortified foods in their diet. Vitamin supplementation is rapidly becoming more common as consumers in developing and developed regions prefer products such as health drinks and nutritional drinks. Nutritional supplements and fortified processed foods that provide additional health benefits. Thus, the consumption of such products among consumers increases the general market of vitamin D in the food industry. Growing consumer awareness of the harmful effects of inorganic foods on human health has led to a change in the growth trend of the organic food market. Organic foods and drinks are products from nature and do not contain synthetic chemicals or additives. The gradual shift towards consumption of organic foods instead of supplements or fortified foods is curbing the demand for vitamin D and thus affecting the feed grade vitamin D market growth.

"Health & Wellness Benefits From Nutrient-Dense Foods To Give The Market Extra Boost"

Consumer interest in health and wellness is a key factor which has significantly influenced the food grade vitamin D industry. The development of vitamin-rich foods and the presence of major international players in the regional market are expected to have a positive impact on the sector. Food and beverage manufacturers are placing increasing emphasis on providing vitamin-rich foods as consumer awareness of the benefits of consuming nutrient-dense foods has increased. In addition, the product is widely used in pet and food products to improve the nutritional value of these products. Growing awareness about pet health has led pet owners to purchase nutritional foods, which are expected to have a positive impact on pet food during the forecast period, increasing the demand for vitamin D-enriched pet food.

Restraining Factors

"Price Sensitivity And Alternatives Availability to Hinder Market Expansion "

Final costs of fortified foods can vary depending on supplements, vitamin D preparation and availability. The price of updated products may increase due to higher production costs and additional quality control measures that may have an impact. Consumer affordability and market demand. This barrier hinders the growth of the market. This factor prevents the expansion of the market. This can be a major problem that limits the expansion of the market. If this problem is solved, the market will start growing immediately. Availability of cheaper alternatives, strict vitamin D supplementation laws and high cost of vitamin D supplements are important factors that may limit the revenue of the feed grade vitamin D market. For example, several countries prohibit or ban the addition of vitamin D to dietary supplements, which can negatively affect market revenue.

feed grade vitamin D market Regional Insights

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"North America to Dominate The Market Growth Due To Increase Consumer Awareness Of Health Benefits"

North America region is expected to be the fastest growing region and hold largest feed grade vitamin D market share during the forecast period due to consumer awareness of the various health benefits associated with vitamin D consumption. In addition, the lack of vitamin D in the Canadian diet has led to vitamin D deficiency because they are not getting enough vitamins into their bodies. According to the Canadian Community Health Survey, intake was insufficient in almost all age and gender groups. To address the  vitamin D needs of the Canadian population, Genestra Brands is introducing two new and improved vitamin D supplements, D-Mulsion 2500 and D3 2500, in November 2022 to help  reduce the risk of vitamin D deficiency and  osteoporosis. The US dominated the market and contributed majority of the total sales in 2019. Increased consumption of functional foods and beverages in the country, driven by growing awareness of its associated health benefits, such as weight loss and better absorption of nutrients in the body, is expected to promote healthy foods based on vitamin D.

Key Industry Players

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolios.

List of Market Players Profiled

• Zhejiang Garden Biochemical High-tech (China)
• Taizhou Hisound Pharmaceutical (China)
• Kingdomway (China)
• Zhejiang NHU (China)
• DSM (Netherlands)
• Zhejiang Medicine (China)

Report Coverage

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.