Food Grade Vitamin D Market Size, Share, Growth, and Industry Analysis by Type (Vitamin D3 Oil, Vitamin D3 Powder & Vitamin D3 Crystallization), By Application (Dietary Supplement, Infant Food, Diary & Others), Regional Insights, and Forecast From 2024 To 2031

Updated On: 15 April 2024

Food Grade Vitamin D Market Report Overview

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The global food grade vitamin d market size is USD 56 million in 2022 and is expected to reach USD 95.01 million in 2031, exhibiting a CAGR of 5.9% during the forecast period.

A vitamin D type that is specifically produced and formulated for use in food products is referred to as food grade vitamin D. A necessary nutrient, vitamin D supports immunological function, controls cell growth and division, and is critical for keeping strong bones and teeth. To assure its safety and acceptability for use in food applications, it is prepared in accordance with certain quality standards and regulations. Vitamin D3 (cholecalciferol), the natural form of vitamin D produced by the skin after exposure to sunlight, is the most common form in which it is found.

Fortified foods including dairy products, cereals, and beverages frequently contain vitamin D as an ingredient. These foods are fortified with vitamin D to help people achieve their nutritional needs and prevent deficiencies, especially in populations that might not get enough sunlight exposure, like those who live in northern latitudes or consume vegan or vegetarian foods. It's crucial to check the label of food products that have been fortified with vitamin D and search for the words "food grade" or "food quality" to make sure the additional vitamin D satisfies the appropriate safety and quality criteria.

COVID-19 Impact: Industry Shutdown Causes Market Distortion

The global COVID-19 pandemic has been unprecedented and staggering, with food grade vitamin d industry experiencing higher-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 once the pandemic is over.

For chemicals and advance materials, the COVID-19 outbreak resulted in issues like unstable markets, a decline in client confidence, and challenges with import and export business. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, chemicals, and other items has become challenging due to lockdowns. It had a financial impact on the markets for material in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. Producers of chemicals are focusing on protecting their workforce, operations, and supply networks in order to handle this urgent situation. The pandemic impacted the industry dynamics, forcing organizations to revamp their entire operation structures to maintain stability amid the disruptions. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall chemicals and advanced materials industry. This has partially impacted the food grade vitamin d industry. 

LATEST TRENDS

"Fortified Foods to Boost the Market Growth"

The increasing demand for fortified foods, including those fortified with food grade vitamin D, has been a notable trend in the market. More health-conscious consumers are looking for products that provide additional health advantages. People view fortified foods—including those with additional vitamin D—as an easy method to satisfy their nutritional needs and advance their general health. Global health experts are concerned about vitamin D deficiency, and many people do not consume enough of it from diet or sunlight alone. Because of this, there is a greater understanding of the value of vitamin D supplementation, which raises the demand for fortified foods. In order to preserve bone health and fend against diseases like osteoporosis, vitamin D is essential. Thus, a key trend that is opening up potential for the industry to grow is the increasing demand for fortified foods. These new developments are mostly to blame for the market's overall growth.

Food Grade Vitamin D Market Segmentation

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• By Types 

Based on type, the market is classified into Vitamin D3 Oil, Vitamin D3 Powder & Vitamin D3 Crystallization.

• By Application

Based on the market is categorized into dietary supplement, infant food, diary & others.

DRIVING FACTORS

"Health & Wellness that 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. Foods that are high in nutrients and offer additional health advantages are becoming more and more popular with consumers. It is understood that vitamin D is an essential mineral for maintaining immune system strength, bone density, and general health. Because of this, there is an increasing need for dietary items that have been fortified with vitamin D to assist people fulfil their daily requirements and support a healthy lifestyle. Consumers are actively looking for strategies to preserve optimal health and avoid deficits or health issues as preventative healthcare receives more attention. Numerous health advantages, including lowering the risk of chronic diseases, enhancing mood, and strengthening immunological function, have been linked to vitamin D. Food products containing vitamin D are in greater demand as a result of this raised awareness. As a result, the growth, and the growth in consumer interest in health and wellness will boost the industry. It will contribute to the expansion of the chemicals & advanced materials industry and it will improve the food grade vitamin d market growth.

"Technological Advancement to Encourage Market Expansion"

Technological advancements in production have played a significant role in the food grade vitamin D industry. These developments have increased the industrial processes' efficiency, scalability, and cost-effectiveness. The methods for extracting and synthesizing vitamin D have progressed thanks to technology, which has made the process simpler and more effective. Thanks to advancements in technology, vitamin D may now be extracted from natural sources or created chemically. Vitamin D3 is commonly synthesized from lanolin, a material made from sheep's wool, or by irradiating 7-dehydrocholesterol found in plant sources. Vitamin D3 is the recommended form of vitamin D for food fortification. Through the use of UV radiation and artificial sunlight, these precursors can now be transformed into vitamin D3 in a reliable and controlled manner thanks to technological breakthroughs. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.

RESTRAINING FACTORS

"Price Sensitivity to Impede Market Expansion"

Price sensitivity is the barrier preventing market expansion. The final cost of fortified food products may vary depending on the cost of fortification, manufacture, and the availability of food grade vitamin D. The price of fortified products may rise due to higher production costs and additional quality control measures, which may have an impact on consumer affordability and market demand. This obstacle prevents the market from growing. This factor is impeding market expansion. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.

Food Grade Vitamin D Market Regional Insights

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"North America Dominating the Market Across the Globe"

The market for food grade vitamin d is in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the food grade vitamin d market share is the growing demand of product in the dietary supplement, infant food & diary industry is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.

KEY INDUSTRY PLAYERS

"Leading Manufacturers to Boost Product Demand"

Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.

List of Market Players Profiled

• DSM (Netherland)
• BASF (Germany)
• Kingdomway (China)

REPORT COVERAGE

The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost food grade vitamin d market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.