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ASIA-PACIFIC VITAMIN D MARKET FORECAST 2023-2032

SCOPE OF THE REPORT

Asia-Pacific Vitamin D Market by Type (Vitamin D3, Vitamin D2) Market by Form (Dry, Liquid) Market by Application (Pharmaceuticals, Animal Feed and Pet Food, Functional Food and Beverages, Personal Care) Market by End-user (Adults, Pregnant Women, Children) by Geography.


MARKET OVERVIEW

The Asia-Pacific vitamin D market is evaluated to project a CAGR of 7.82% across the forecasted period of 2023 to 2032, capturing a revenue share of $839.55 million by 2032. 

The rising aging population, the increased risk of musculoskeletal conditions, and the surging demand from the nutricosmetics, as well as the functional foods segment, are among the key drivers set to augment the regional market’s growth. However, the Asia-Pacific vitamin D market growth will likely be obstructed by raw material unavailability and scarcity of ingredients.

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The Asia-Pacific vitamin D market growth assessment covers the analysis of China, Japan, India, South Korea, Australia & New Zealand, Taiwan, Singapore, Indonesia, and Rest of Asia-Pacific. Factors such as changing lifestyles and rapid urbanization have resulted in the rising rates of vitamin D deficiency in China. Accordingly, the deficiency of vitamin D among the elderly populace, women, children, and people with existing bone health issues is anticipated to drive the demand for vitamin D products in the country over the forecast years. As per industry sources, approximately 61.2 million individuals in China had osteoarthritis in the year 2017, with the condition’s prevalence expected to increase with age. Furthermore, in 2019, around 254 million people in China were estimated to be aged 60 years and over. Hence, the rise in the geriatric population and the subsequent surge in cases associated with osteoarthritis are projected to contribute to the region’s market growth over the upcoming years.

On the other hand, the growing preference towards increasing vitamin D intake and the rise in UV exposure in Japan, primarily among pregnant women, is anticipated to propel the market demand during the forecast years. In this regard, around 13 million people in the country were projected to have osteoporosis, according to the International Osteoporosis Foundation (IOF). Japan is also one of the leading markets for nutricosmetics, characterized by the surging use of vitamin D in moisturizers and oils. Consequently, this factor has further boosted the demand for resin, oil, and emulsion-based vitamin D ingredients, coupled with the growing awareness about the health advantages of nutricosmetics. As a result, these drivers are expected to facilitate the vitamin D market growth in the Asia-Pacific during the forecasted years. 

The Asia-Pacific vitamin D market is segmented into type, form, application, and end-user. The application segment entails pharmaceuticals, animal feed and pet food, functional food and beverages, and personal care. Vitamin D is utilized to promote the absorption of calcium in the body and, therefore, is a crucial element for various pharmaceutical companies. 

Moreover, vitamin D, considered a growth hormone, is also essential for bone materialization and development in children. Vitamin D injectables or shots are administered in patients with poor intestinal absorption of fat-soluble vitamins and are regarded as an ideal substitute for oral supplementation.

Some of the main enterprises operating in the Asia-Pacific vitamin D market are Fermenta Biotech Limited, Zhejiang Garden Biochemical High-Tech Co Ltd, Dishman Carbogen Amcis, etc.

Zhejiang Garden Biochemical High-Tech Co Ltd, headquartered in China, is predominantly engaged in pharmaceutical manufacturing. The company also conducts the research, sale, and production of vitamin D3, cholesterol, as well as other products. Its main product offerings are divided into four categories: lanolin, vitamin D3, cholesterol, and 25 hydroxyvitamin D3 products

REPORT SYNOPSIS

REPORT SCOPEDETAILS
Market Forecast Years2023-2032
Base Year2022
Market Historical Years2018-2021
Forecast UnitsRevenue ($ Million)
Segments Analyzed
Type, Form, Application, End-User
Countries AnalyzedChina, Taiwan, Singapore, Indonesia, Japan, India, South Korea, Australia & New Zealand, and Rest of Asia-Pacific
Companies AnalyzedBASF SE, Fermenta Biotech Limited, DSM, Zhejiang Garden Biochemical High-Tech Co Ltd, Dishman Carbogen Amcis, Synthesia AS, Vitablend, Newgen Pharma, Lycored, Pharmavit, Adisseo, McKinley Resources Inc, Stabicoat Vitamins, Spectrum Chemical Manufacturing Corp, Tocris Bioscience

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. METHODOLOGY
    3. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. MARKET OVERVIEW
    3. SCOPE OF STUDY
    4. CRISIS SCENARIO ANALYSIS
    5. MAJOR MARKET FINDINGS
      1. GROWING PREFERENCE FOR HEALTHY AND NUTRITIOUS FOODS
      2. RISING TREND OF VEGANISM GLOBALLY
      3. INCREASING PREVALENCE OF LIFESTYLE DISEASES
      4. SURGING TRACTION OF NUTRICOSMETICS
  3. MARKET DYNAMICS
    1. KEY DRIVERS
      1. WIDENING APPLICATIONS ACROSS END-USER INDUSTRIES
      2. GROWING PREVALENCE OF VITAMIN D DEFICIENCY
      3. SURGING DEMAND FOR FORTIFIED FOOD
      4. RISING USE OF DIETARY SUPPLEMENTS
    2. KEY RESTRAINTS
      1. RISKS ASSOCIATED WITH EXCESSIVE INTAKE OF VITAMIN D
      2. STRINGENT REGULATIONS ON FOOD FORTIFICATION
      3. UNAVAILABILITY OF RAW MATERIALS & HIGH PRICES
  4. KEY ANALYTICS
    1. KEY TECHNOLOGY TRENDS
    2. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    3. GROWTH PROSPECT MAPPING
    4. MARKET MATURITY ANALYSIS
    5. MARKET CONCENTRATION ANALYSIS
    6. VALUE CHAIN ANALYSIS
      1. RAW MATERIAL PROCUREMENT
      2. PRODUCT DEVELOPMENT
      3. SALES AND DISTRIBUTION
    7. KEY BUYING CRITERIA
      1. COST
      2. PRODUCT LABELING
      3. USABILITY
  5. MARKET BY TYPE
    1. VITAMIN D3
    2. VITAMIN D2
  6. MARKET BY FORM
    1. DRY
    2. LIQUID
  7. MARKET BY APPLICATION
    1. PHARMACEUTICALS
    2. ANIMAL FEED AND PET FOOD
    3. FUNCTIONAL FOOD AND BEVERAGES
    4. PERSONAL CARE
  8. MARKET BY END-USER
    1. ADULTS
    2. PREGNANT WOMEN
    3. CHILDREN
  9. GEOGRAPHICAL ANALYSIS
    1. ASIA-PACIFIC
      1. MARKET ESTIMATES & SIZES
      2. ASIA-PACIFIC VITAMIN D MARKET DRIVERS
      3. ASIA-PACIFIC VITAMIN D MARKET CHALLENGES
      4. ASIA-PACIFIC VITAMIN D MARKET REGULATORY FRAMEWORK
      5. KEY PLAYERS IN ASIA-PACIFIC VITAMIN D MARKET
      6. COUNTRY ANALYSIS
        1. CHINA
          1. CHINA VITAMIN D MARKET SIZE & OPPORTUNITIES
        2. JAPAN
          1. JAPAN VITAMIN D MARKET SIZE & OPPORTUNITIES
        3. INDIA
          1. INDIA VITAMIN D MARKET SIZE & OPPORTUNITIES
        4. SOUTH KOREA
          1. SOUTH KOREA VITAMIN D MARKET SIZE & OPPORTUNITIES
        5. INDONESIA
          1. INDONESIA VITAMIN D MARKET SIZE & OPPORTUNITIES
        6. SINGAPORE
          1. SINGAPORE VITAMIN D MARKET SIZE & OPPORTUNITIES
        7. TAIWAN
          1. TAIWAN VITAMIN D MARKET SIZE & OPPORTUNITIES
        8. AUSTRALIA & NEW ZEALAND
          1. AUSTRALIA & NEW ZEALAND VITAMIN D MARKET SIZE & OPPORTUNITIES
        9. REST OF ASIA-PACIFIC
          1. REST OF ASIA-PACIFIC VITAMIN D MARKET SIZE & OPPORTUNITIES
  10. COMPETITIVE LANDSCAPE
    1. KEY STRATEGIC DEVELOPMENTS
      1. ACQUISITIONS
      2. PRODUCT LAUNCHES & DEVELOPMENTS
      3. PARTNERSHIPS & AGREEMENTS
    2. COMPANY PROFILES
      1. ADISSEO
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
      2. BASF SE
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      3. DISHMAN CARBOGEN AMCIS
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      4. DSM
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      5. FERMENTA BIOTECH LIMITED
        1. COMPANY OVERVIEW
        2. FINANCIAL ANALYSIS
        3. PRODUCTS / SERVICES LIST
        4. STRENGTHS & CHALLENGES ANALYSIS
      6. LYCORED
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      7. MCKINLEY RESOURCES INC
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      8. NEWGEN PHARMA
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      9. PHARMAVIT
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      10. SPECTRUM CHEMICAL MANUFACTURING CORP
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      11. STABICOAT VITAMINS
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      12. SYNTHESIA AS
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      13. TOCRIS BIOSCIENCE
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      14. VITABLEND
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
      15. ZHEJIANG GARDEN BIOCHEMICAL HIGH-TECH CO LTD
        1. COMPANY OVERVIEW
        2. PRODUCTS / SERVICES LIST
        3. STRENGTHS & CHALLENGES ANALYSIS

LIST OF TABLES

TABLE 1: MARKET SNAPSHOT – VITAMIN D

TABLE 2: ASIA-PACIFIC VITAMIN D MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 3: ASIA-PACIFIC VITAMIN D MARKET, BY TYPE, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 4: ASIA-PACIFIC VITAMIN D MARKET, BY FORM, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 5: ASIA-PACIFIC VITAMIN D MARKET, BY FORM, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 6: ASIA-PACIFIC VITAMIN D MARKET, BY APPLICATION, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 7: ASIA-PACIFIC VITAMIN D MARKET, BY APPLICATION, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 8: ASIA-PACIFIC VITAMIN D MARKET, BY END-USER, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 9: ASIA-PACIFIC VITAMIN D MARKET, BY END-USER, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 10: ASIA-PACIFIC VITAMIN D MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 11: ASIA-PACIFIC VITAMIN D MARKET, BY COUNTRY, FORECAST YEARS, 2023-2032 (IN $ MILLION)

TABLE 12: ASIA –PACIFIC VITAMIN D MARKET REGULATORY FRAMEWORK

TABLE 13: LEADING PLAYERS OPERATING IN ASIA-PACIFIC VITAMIN D MARKET

TABLE 14: LIST OF ACQUISITIONS

TABLE 15: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 16: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES 

FIGURE 1: KEY TECHNOLOGY TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: KEY BUYING CRITERIA

FIGURE 8: ASIA-PACIFIC VITAMIN D MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 9: ASIA-PACIFIC VITAMIN D MARKET, BY VITAMIN D3, 2023-2032 (IN $ MILLION)

FIGURE 10: ASIA-PACIFIC VITAMIN D MARKET, BY VITAMIN D2, 2023-2032 (IN $ MILLION)

FIGURE 11: ASIA-PACIFIC VITAMIN D MARKET, GROWTH POTENTIAL, BY FORM, IN 2022

FIGURE 12: ASIA-PACIFIC VITAMIN D MARKET, BY DRY, 2023-2032 (IN $ MILLION)

FIGURE 13: ASIA-PACIFIC VITAMIN D MARKET, BY LIQUID, 2023-2032 (IN $ MILLION)

FIGURE 14: ASIA-PACIFIC VITAMIN D MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 15: ASIA-PACIFIC VITAMIN D MARKET, BY PHARMACEUTICALS, 2023-2032 (IN $ MILLION)

FIGURE 16: ASIA-PACIFIC VITAMIN D MARKET, BY ANIMAL FEED AND PET FOOD, 2023-2032 (IN $ MILLION)

FIGURE 17: ASIA-PACIFIC VITAMIN D MARKET, BY FUNCTIONAL FOOD AND BEVERAGES, 2023-2032 (IN $ MILLION)

FIGURE 18: ASIA-PACIFIC VITAMIN D MARKET, BY PERSONAL CARE, 2023-2032 (IN $ MILLION)

FIGURE 19: ASIA-PACIFIC VITAMIN D MARKET, GROWTH POTENTIAL, BY END-USER, IN 2022

FIGURE 20: ASIA-PACIFIC VITAMIN D MARKET, BY ADULTS, 2023-2032 (IN $ MILLION)

FIGURE 21: ASIA-PACIFIC VITAMIN D MARKET, BY PREGNANT WOMEN, 2023-2032 (IN $ MILLION)

FIGURE 22: ASIA-PACIFIC VITAMIN D MARKET, BY CHILDREN, 2023-2032 (IN $ MILLION)

FIGURE 23: ASIA-PACIFIC VITAMIN D MARKET, COUNTRY OUTLOOK, 2022 & 2032 (IN %)

FIGURE 24: CHINA VITAMIN D MARKET, 2023-2032 (IN $ MILLION)

FIGURE 25: JAPAN VITAMIN D MARKET, 2023-2032 (IN $ MILLION)

FIGURE 26: INDIA VITAMIN D MARKET, 2023-2032 (IN $ MILLION)

FIGURE 27: SOUTH KOREA VITAMIN D MARKET, 2023-2032 (IN $ MILLION)

FIGURE 28: INDONESIA VITAMIN D MARKET, 2023-2032 (IN $ MILLION)

FIGURE 29: SINGAPORE VITAMIN D MARKET, 2023-2032 (IN $ MILLION)

FIGURE 30: TAIWAN VITAMIN D MARKET, 2023-2032 (IN $ MILLION)

FIGURE 31: AUSTRALIA & NEW ZEALAND VITAMIN D MARKET, 2023-2032 (IN $ MILLION)

FIGURE 32: REST OF ASIA-PACIFIC VITAMIN D MARKET, 2023-2032 (IN $MILLION)

FIGURE 33: ADISSEO COMPANY REVENUE 2017 – 2021 ($ BILLION)

FIGURE 34: ADISSEO COMPANY PROFIT 2017 – 2021 ($ BILLION)

FIGURE 35: ADISSEO COMPANY REVENUE – BY SEGMENT, 2021 (IN %)

FIGURE 36: ADISSEO COMPANY REVENUE –BY GEOGRAPHY, FY 2021-22 (IN %)

FIGURE 37: BASF COMPANY REVENUE 2019 – 2022 ($ BILLION)

FIGURE 38: BASF COMPANY PROFIT 2019 – 2022 ($ BILLION)

FIGURE 39: DISHMAN CARBOGEN AMCIS COMPANY REVENUE 2018 – 2022 ($ MILLION)

FIGURE 40: DISHMAN CARBOGEN AMCIS COMPANY PROFIT 2018 – 2022 ($ MILLION)

FIGURE 41: DISHMAN CARBOGEN AMCIS COMPANY REVENUE – BY SEGMENT, FY 2022 (IN %)

FIGURE 42: DSM COMPANY REVENUE 2019 – 2022 ($ MILLION)

FIGURE 43: DSM COMPANY PROFIT 2019 – 2022 ($ MILLION)

FIGURE 44: DSM COMPANY REVENUE – BY SEGMENT, 2021 (IN %)

FIGURE 45: DSM COMPANY REVENUE – BY GEOGRAPHY, FY 2021-22 (IN %)

FIGURE 46: FERMENTA BIOTECH LIMITED COMPANY REVENUE 2019 – 2022 ($ MILLION)

FIGURE 47: FERMENTA BIOTECH LIMITED COMPANY PROFIT 2019 – 2022 ($ MILLION)

FIGURE 48: FERMENTA BIOTECH LIMITED COMPANY REVENUE – BY SEGMENT, 2021 (IN %)

FIGURE 49: FERMENTA BIOTECH LIMITED COMPANY REVENUE – BY GEOGRAPHY, FY 2021-22 (IN %)

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