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SINGAPORE VITAMIN D MARKET FORECAST 2023-2030

SCOPE OF THE REPORT

Singapore 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)


MARKET OVERVIEW

The Singapore vitamin D market is evaluated to register a CAGR of 9.23% over the estimated years of 2023 to 2030, capturing a revenue share of $27.75 million by 2030. 

The market growth of the country is primarily fueled by the increasing incidence of obesity and musculoskeletal conditions, the surge in disposable income, as well as the rapidly-developing pharmaceutical industry.

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Vitamin D, also known as calciferol, entails a fat-soluble vitamin that is either naturally present in several foods or added to others. The vitamin is acquired from sun exposure and is also available as a dietary supplement. Vitamin D plays an essential role in promoting the absorption of calcium in the gut. Moreover, it also helps maintain the vital concentrations of serum calcium as well as phosphate to prevent involuntary muscle contraction and facilitate normal bone mineralization.

According to the International Trade Administration (ITA), around 1 in 4 people in Singapore are projected to be over the age of 65 by the year 2030. Moreover, as per the estimations issued by the Global Obesity Observatory, more than 10% of adults in the nation are obese. The surge in the geriatric population, coupled with the increasing rate of obesity in Singapore, is linked to the growing risk of various musculoskeletal conditions, necessitating the demand for vitamin D products. As a result, the increasing prevalence of obesity, as well as the rise in the elderly populace, is anticipated to augment the vitamin D market growth in Singapore.

The Singapore vitamin D market is segmented into type, form, application, and end-user. The end-user segment covers adults, pregnant women, and children. The increasing number of medical conditions among adults across the globe, including osteoporosis as well as osteomalacia, plays a crucial role in fueling the growth of the adults segment. Moreover, the increasing incidence of skin problems among adults between the age of 20 and 50 years is further expected to propel the segment’s growth, mainly on account of the use of vitamin D ingredients in various skin care products.

Vitamin D deficiency is highly prevalent among pregnant women, predominantly during winter months. Moreover, the deficiency has also been associated with a higher risk of preterm birth, gestational diabetes mellitus, and pre-eclampsia, in addition to other tissue-specific conditions. Hence, these adverse health conditions have led to increased consumption of vitamin D supplements, thus aiding the growth of the pregnant women segment. 

Some of the chief players operating in the Singapore vitamin D market include Adisseo, BASF SE, DSM, Fermenta Biotech Limited, Dishman Carbogen Amcis, etc.

DSM, headquartered in the Netherlands, is a global company engaged in nutrition, health, and bioscience. The company’s key markets include dietary supplements, early life nutrition, animal feed, food and beverage, electrical and electronics, pharma solutions, personal care, and automotive. Hy-D by DSM is a vitamin D3 metabolite that helps enhance calcium management, in addition to improving lifetime productivity in dairy cows.

With more than 100 commercial production facilities across 41 nations, DSM employs around 1700 scientists in 30 bioscience research labs across the world. Furthermore, the company operates in regions such as the Asia-Pacific, Latin America, North America, and Europe. 

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 AnalyzedSingapore
Companies AnalyzedAdisseo, BASF SE, Dishman Carbogen Amcis, DSM, Fermenta Biotech Limited, Zhejiang Garden Biochemical High-Tech Co Ltd

TABLE OF CONTENT

  1. RESEARCH SCOPE & METHODOLOGY
    1. STUDY OBJECTIVES
    2. SCOPE OF STUDY
    3. METHODOLOGY
    4. ASSUMPTIONS & LIMITATIONS
  2. EXECUTIVE SUMMARY
    1. MARKET SIZE & ESTIMATES
    2. COUNTRY SNAPSHOT
    3. COUNTRY ANALYSIS
    4. KEY GROWTH ENABLERS
    5. KEY CHALLENGES
  3. KEY ANALYTICS
    1. IMPACT OF COVID-19 ON VITAMIN D MARKET
    2. KEY TECHNOLOGY TRENDS
    3. PORTER’S FIVE FORCES ANALYSIS
      1. BUYERS POWER
      2. SUPPLIERS POWER
      3. SUBSTITUTION
      4. NEW ENTRANTS
      5. INDUSTRY RIVALRY
    4. GROWTH PROSPECT MAPPING – SINGAPORE
    5. MARKET MATURITY ANALYSIS
    6. MARKET CONCENTRATION ANALYSIS
    7. PESTLE ANALYSIS-SINGAPORE
    8. VALUE CHAIN ANALYSIS
      1. RAW MATERIAL PROCUREMENT
      2. PRODUCT DEVELOPMENT
      3. SALES AND DISTRIBUTION
    9. KEY BUYING CRITERIA
      1. COST
      2. PRODUCT LABELING
      3. USABILITY
  4. MARKET BY TYPE
    1. VITAMIN D3
    2. VITAMIN D2
  5. MARKET BY FORM
    1. DRY
    2. LIQUID
  6. MARKET BY APPLICATION
    1. PHARMACEUTICALS
    2. ANIMAL FEED AND PET FOOD
    3. FUNCTIONAL FOOD AND BEVERAGES
    4. PERSONAL CARE
  7. MARKET BY END-USER
    1. ADULTS
    2. PREGNANT WOMEN
    3. CHILDREN
  8. 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. 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: SINGAPORE VITAMIN D MARKET, BY TYPE, HISTORICAL YEARS, 2018-2021 (IN $ MILLION)

TABLE 3: SINGAPORE VITAMIN D MARKET, BY TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)

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

TABLE 5: SINGAPORE VITAMIN D MARKET, BY FORM, FORECAST YEARS, 2023-2030 (IN $ MILLION)

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

TABLE 7: SINGAPORE VITAMIN D MARKET, BY APPLICATION, FORECAST YEARS, 2023-2030 (IN $ MILLION)

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

TABLE 9: SINGAPORE VITAMIN D MARKET, BY END-USER, FORECAST YEARS, 2023-2030 (IN $ MILLION)

TABLE 10: LIST OF ACQUISITIONS

TABLE 11: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

TABLE 12: LIST OF PARTNERSHIPS & AGREEMENTS

LIST OF FIGURES 

FIGURE 1: KEY TECHNOLOGY TRENDS

FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

FIGURE 3: GROWTH PROSPECT MAPPING – SINGAPORE

FIGURE 4: MARKET MATURITY ANALYSIS

FIGURE 5: MARKET CONCENTRATION ANALYSIS

FIGURE 6: VALUE CHAIN ANALYSIS

FIGURE 7: KEY BUYING CRITERIA

FIGURE 8: SINGAPORE VITAMIN D MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022

FIGURE 9: SINGAPORE VITAMIN D MARKET, BY VITAMIN D3, 2023-2030 (IN $ MILLION)

FIGURE 10: SINGAPORE VITAMIN D MARKET, BY VITAMIN D2, 2023-2030 (IN $ MILLION)

FIGURE 11: SINGAPORE VITAMIN D MARKET, GROWTH POTENTIAL, BY FORM, IN 2022

FIGURE 12: SINGAPORE VITAMIN D MARKET, BY DRY, 2023-2030 (IN $ MILLION)

FIGURE 13: SINGAPORE VITAMIN D MARKET, BY LIQUID, 2023-2030 (IN $ MILLION)

FIGURE 14: SINGAPORE VITAMIN D MARKET, GROWTH POTENTIAL, BY APPLICATION, IN 2022

FIGURE 15: SINGAPORE VITAMIN D MARKET, BY PHARMACEUTICALS, 2023-2030 (IN $ MILLION)

FIGURE 16: SINGAPORE VITAMIN D MARKET, BY ANIMAL FEED AND PET FOOD, 2023-2030 (IN $ MILLION)

FIGURE 17: SINGAPORE VITAMIN D MARKET, BY FUNCTIONAL FOOD AND BEVERAGES, 2023-2030 (IN $ MILLION)

FIGURE 18: SINGAPORE VITAMIN D MARKET, BY PERSONAL CARE, 2023-2030 (IN $ MILLION)

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

FIGURE 20: SINGAPORE VITAMIN D MARKET, BY ADULTS, 2023-2030 (IN $ MILLION)

FIGURE 21: SINGAPORE VITAMIN D MARKET, BY PREGNANT WOMEN, 2023-2030 (IN $ MILLION)

FIGURE 22: SINGAPORE VITAMIN D MARKET, BY CHILDREN, 2023-2030 (IN $ MILLION)

FIGURE 23: ADISSEO COMPANY REVENUE 2017 – 2021 ($ BILLION)

FIGURE 24: ADISSEO COMPANY PROFIT 2017 – 2021 ($ BILLION)

FIGURE 25: ADISSEO COMPANY REVENUE – BY SEGMENT, 2021 (IN %)

FIGURE 26: ADISSEO COMPANY REVENUE – BY GEOGRAPHY, FY 2021-22 (IN %)

FIGURE 27: BASF COMPANY REVENUE 2019 – 2022 ($ BILLION)

FIGURE 28: BASF COMPANY PROFIT 2019 – 2022 ($ BILLION)

FIGURE 29: DISHMAN CARBOGEN AMCIS COMPANY REVENUE 2018 – 2022 ($ MILLION)

FIGURE 30: DISHMAN CARBOGEN AMCIS COMPANY PROFIT 2018 – 2022 ($ MILLION)

FIGURE 31: DISHMAN CARBOGEN AMCIS COMPANY REVENUE – BY SEGMENT, FY 2022 (IN %)

FIGURE 32: DSM COMPANY REVENUE 2019 – 2022 ($ MILLION)

FIGURE 33: DSM COMPANY PROFIT 2019 – 2022 ($ MILLION)

FIGURE 34: DSM COMPANY REVENUE – BY SEGMENT, 2021 (IN %)

FIGURE 35: DSM COMPANY REVENUE – BY GEOGRAPHY, FY 2021-22 (IN %)

FIGURE 36: FERMENTA BIOTECH LIMITED COMPANY REVENUE 2019 – 2022 ($ MILLION)

FIGURE 37: FERMENTA BIOTECH LIMITED COMPANY PROFIT 2019 – 2022 ($ MILLION)

FIGURE 38: FERMENTA BIOTECH LIMITED COMPANY REVENUE – BY SEGMENT, 2021 (IN %)

FIGURE 39: FERMENTA BIOTECH LIMITED COMPANY REVENUE – BY GEOGRAPHY, FY 2021-22 (IN %)

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