Market by Category, Formation, Usage, Consumer, and Country Outlook | Forecast 2023-2030
Triton’s estimates indicate that the vitamin D market in Latin America is predicted to advance at a CAGR of 7.23% during the forecasted period from 2023 to 2030.
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The
countries evaluated in the studied region are:
•
Brazil
•
Mexico
•
Rest of Latin America
The region’s growth can be attributed to the
high prevalence of deficiency cases owing to unhealthy lifestyle habits. The
booming animal feed and pet food industries are also expected to elevate the
demand for vitamin D supplements due to the rise in companion animals. Further,
governments are undertaking several initiatives to promote the health benefits
of vitamin D supplements, widening the scope and growth of the vitamin D market
across the region.
Brazil
is leading with the highest share in the vitamin D market. This high growth is the rising demand for
nutrient supplements among the elderly population. As per estimates, around 10%
of the nation’s population was 65 years and above in 2021. This rise in the
geriatric population has prompted health campaigns to promote the consumption
of dietary supplements, thus fueling the studied market’s scope.
Also, the country is considered one of the
largest markets for beauty products. In recent years, the demand for organic
cosmetic solutions has grown, creating opportunities for the vitamin D market
across Brazil.
On the other hand, the demand for vitamin D in
animal feed has soared substantially in Mexico. There is also a high occurrence
of health conditions like obesity, diabetes, dementia, vitamin D deficiency,
etc. These factors have considerably increased the production of vitamin D
supplement products, widening the overall market’s growth prospects.
Vitamin
D3 is widely used in the animal feed industry in the form of powders, beadlets,
etc., to offer better feed stability. Vitamin D for poultry is administered via
feed or drinking water to maintain adequate levels. Most commercial pet food
products are enriched with vitamin D ingredients. The market’s scope is assessed in terms of usage, consumer, formation,
and category. The usage segment includes animal feed and pet food,
pharmaceuticals, personal care, and functional food and beverages.
Fermenta
Biotech Limited, BASF SE, Dishman Carbogen Amcis Ltd, Vitablen, and Newgen
Pharma are some of the key companies in the given market.
Fermenta Biotech Limited is among the largest
manufacturers of vitamin D3, with a global distribution network. Its business
can be segmented into vitamin D3 and APIs, environmental solutions, nutritional
premixes, biotechnology, and real estate. Fermenta has operations across over
60 nations, including Latin American nations. Its product line includes
Ergocalciferol solution, a vitamin D2 variant in edible oil that fulfills the
requirements of the pharmaceutical, food, and dietary supplement sectors.
Key deliverables of the report:
● Market CAGR during the forecasting years 2023-2030
● Detailed data highlighting key insights, industry components, and market strategies
● Comprehensive information and estimation of the vitamin D market revenue growth in Latin America and its influence on the parent market
● In-depth study of forthcoming trends in consumer behavioral patterns
● A meticulous analysis of the competitive landscape, vendor scorecard, and Porter’s Five Forces
●
A wide-ranging study of factors that will challenge the LA vitamin
D market’s growth during the upcoming years
Want to get specific insights? Our team of
analysts can customize this report based on your preferences. Connect with us here.
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VIEW REPORT1. LATIN
AMERICA VITAMIN D MARKET - SUMMARY
2. INDUSTRY
OUTLOOK
2.1.IMPACT
ANALYSIS ON THE VITAMIN D MARKET
2.1.1.COVID-19
IMPACT ON THE VITAMIN D MARKET
2.1.2.UKRAINE-RUSSIA
WAR IMPACT ON THE VITAMIN D MARKET
2.2.PORTER’S
FIVE FORCES ANALYSIS
2.2.1.THREAT
OF NEW ENTRANTS
2.2.2.THREAT
OF SUBSTITUTES
2.2.3.BARGAINING
POWER OF BUYERS
2.2.4.BARGAINING
POWER OF SUPPLIERS
2.2.5.THREAT
OF COMPETITIVE RIVALRY
2.3.INDUSTRY
COMPONENTS
2.3.1.ACQUIRING
RAW MATERIAL
2.3.2.PRODUCT
MANUFACTURING
2.3.3.DISTRIBUTION
AND SALES
2.4.REGULATORY
FRAMEWORK
2.5.KEY
BUYING IMPACT ANALYSIS
2.5.1.PRICE
2.5.2.PRODUCT
LABEL
2.5.3.USE
2.6.KEY
MARKET STRATEGIES
2.6.1.COLLABORATIONS
2.6.2.PRODUCT
LAUNCHES
2.6.3.MERGERS
& ACQUISITIONS
2.7.MARKET
DRIVERS
2.7.1.GROWING
USE OF DIETARY SUPPLEMENTS
2.7.2.MULTIPLE
APPLICATIONS OF VITAMIN D IN VARIOUS INDUSTRIES
2.7.3.INCREASING
POPULARITY OF FORTIFIED FOOD PRODUCTS
2.7.4.RISING
OCCURRENCE OF VITAMIN D DEFICIENCY
2.8.MARKET
CHALLENGES
2.8.1.STRICT
REGULATIONS ON FORTIFICATION OF FOOD
2.8.2.RISKS
RELATED TO EXCESSIVE INTAKE OF VITAMIN D
2.8.3.UNAVAILABILITY
OF RAW MATERIALS AND HIGH COST
2.9.MARKET
OPPORTUNITIES
2.9.1.GROWING
POPULARITY OF VITAMIN FORMULATIONS AND NUTRICOSMETICS
2.9.2.RISING
CASES OF BONE AND JOINT HEALTH ISSUES
2.9.3.NUMEROUS
APPLICATIONS OF VITAMIN D IN THE PHARMACEUTICAL INDUSTRY
2.9.4.FORTIFICATION
AND MICROENCAPSULATION OF VITAMIN D
2.9.5.RISING
DEMAND FOR FEED AND PET FOOD
2.9.6.GOVERNMENT
INITIATIVES TO ENCOURAGE THE INTAKE OF VITAMIN D
2.10.ANALYST
PERSPECTIVE
3. LATIN
AMERICA VITAMIN D MARKET – BY CATEGORY
3.1.VITAMIN
D3
3.2.VITAMIN
D2
4. LATIN
AMERICA VITAMIN D MARKET – BY FORMATION
4.1.DRY
4.2.LIQUID
5. LATIN
AMERICA VITAMIN D MARKET – BY USAGE
5.1.PHARMACEUTICALS
5.2.ANIMAL
FEED AND PET FOOD
5.3.FUNCTIONAL
FOOD AND BEVERAGES
5.4.PERSONAL
CARE
6. LATIN
AMERICA VITAMIN D MARKET – BY CONSUMER
6.1.ADULTS
6.2.PREGNANT
WOMEN
6.3.CHILDREN
7. LATIN
AMERICA VITAMIN D MARKET – BY COUNTRY OUTLOOK
7.1.COUNTRY
ANALYSIS
7.1.1.BRAZIL
7.1.1.1.BRAZIL
VITAMIN D MARKET FORECAST & PROSPECTS
7.1.2.MEXICO
7.1.2.1.MEXICO
VITAMIN D MARKET FORECAST & PROSPECTS
7.1.3.REST
OF LATIN AMERICA
7.1.3.1.REST
OF LATIN AMERICA VITAMIN D MARKET FORECAST & PROSPECTS
8. COMPETITIVE
LANDSCAPE
8.1.BASF
SE
8.1.1.OVERVIEW
8.1.2.PRODUCT
PORTFOLIO
8.1.3.KEY
STRENGTH
8.1.4.KEY
CHALLENGE
8.2.FERMENTA
BIOTECH LIMITED
8.2.1.OVERVIEW
8.2.2.PRODUCT
PORTFOLIO
8.2.3.KEY
STRENGTHS
8.2.4.KEY
CHALLENGE
8.3.KONINKLIJKE
DSM NV
8.3.1.OVERVIEW
8.3.2.PRODUCT
PORTFOLIO
8.3.3.KEY
STRENGTHS
8.3.4.KEY
CHALLENGE
8.4.ZHEJIANG
GARDEN BIOCHEMICAL HIGH-TECH CO LTD
8.4.1.OVERVIEW
8.4.2.PRODUCT
PORTFOLIO
8.4.3.KEY
STRENGTH
8.4.4.KEY
CHALLENGE
8.5.DISHMAN
CARBOGEN AMCIS LTD
8.5.1.OVERVIEW
8.5.2.PRODUCT
PORTFOLIO
8.5.3.KEY
STRENGTH
8.5.4.KEY
CHALLENGE
8.6.SYNTHESIA
A.S
8.6.1.OVERVIEW
8.6.2.PRODUCT
PORTFOLIO
8.7.VITABLEND
8.7.1.OVERVIEW
8.7.2.PRODUCT
PORTFOLIO
8.8.NEWGEN
PHARMA
8.8.1.OVERVIEW
8.8.2.PRODUCT
PORTFOLIO
8.9.LYCORED
LTD
8.9.1.OVERVIEW
8.9.2.PRODUCT
PORTFOLIO
8.10.ADISSEO
8.10.1.OVERVIEW
8.10.2.PRODUCT
PORTFOLIO
9. RESEARCH
METHODOLOGY & SCOPE
9.1.RESEARCH
SCOPE & DELIVERABLES
9.1.1.OBJECTIVES
OF STUDY
9.1.2.SCOPE
OF STUDY
9.2.SOURCES
OF DATA
9.2.1.PRIMARY
DATA SOURCES
9.2.2.SECONDARY
DATA SOURCES
9.3.RESEARCH
METHODOLOGY
9.3.1.EVALUATION
OF THE PROPOSED MARKET
9.3.2.IDENTIFICATION
OF DATA SOURCES
9.3.3.ASSESSMENT
OF MARKET DETERMINANTS
9.3.4.DATA
COLLECTION
9.3.5.DATA
VALIDATION & ANALYSIS
TABLE 1: LATIN AMERICA
VITAMIN D MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
TABLE 2: REGULATORY
FRAMEWORK
TABLE 3: LIST OF
COLLABORATIONS
TABLE 4: LIST OF
PRODUCT LAUNCHES
TABLE 5: LIST OF
MERGERS & ACQUISITIONS
TABLE 6: LATIN AMERICA
VITAMIN D MARKET, BY CATEGORY, 2023-2030 (IN $ MILLION)
TABLE 7: LATIN AMERICA
VITAMIN D MARKET, BY FORMATION, 2023-2030 (IN $ MILLION)
TABLE 8: LATIN AMERICA
VITAMIN D MARKET, BY USAGE, 2023-2030 (IN $ MILLION)
TABLE 9: LATIN AMERICA
VITAMIN D MARKET, BY CONSUMER, 2023-2030 (IN $ MILLION)
TABLE 10: LATIN AMERICA
VITAMIN D MARKET, BY COUNTRY OUTLOOK, 2023-2030 (IN $ MILLION)
FIGURE 1: INDUSTRY
COMPONENTS
FIGURE 2: KEY BUYING
IMPACT ANALYSIS
FIGURE 3: LATIN AMERICA
VITAMIN D MARKET, BY CATEGORY, 2022 & 2030 (IN %)
FIGURE 4: LATIN AMERICA
VITAMIN D MARKET, BY VITAMIN D3, 2023-2030 (IN $ MILLION)
FIGURE 5: LATIN AMERICA
VITAMIN D MARKET, BY VITAMIN D2, 2023-2030 (IN $ MILLION)
FIGURE 6: LATIN AMERICA
VITAMIN D MARKET, BY FORMATION, 2022 & 2030 (IN %)
FIGURE 7: LATIN AMERICA
VITAMIN D MARKET, BY DRY, 2023-2030 (IN $ MILLION)
FIGURE 8: LATIN AMERICA
VITAMIN D MARKET, BY LIQUID, 2023-2030 (IN $ MILLION)
FIGURE 9: LATIN AMERICA
VITAMIN D MARKET, BY USAGE, 2022 & 2030 (IN %)
FIGURE 10: LATIN
AMERICA VITAMIN D MARKET, BY PHARMACEUTICALS, 2023-2030 (IN $ MILLION)
FIGURE 11: LATIN
AMERICA VITAMIN D MARKET, BY ANIMAL FEED AND PET FOOD, 2023-2030 (IN $ MILLION)
FIGURE 12: LATIN
AMERICA VITAMIN D MARKET, BY FUNCTIONAL FOOD AND BEVERAGES 2023-2030 (IN $
MILLION)
FIGURE 13: LATIN
AMERICA VITAMIN D MARKET, BY PERSONAL CARE, 2023-2030 (IN $ MILLION)
FIGURE 14: LATIN
AMERICA VITAMIN D MARKET, BY CONSUMER, 2022 & 2030 (IN %)
FIGURE 15: LATIN
AMERICA VITAMIN D MARKET, BY ADULTS, 2023-2030 (IN $ MILLION)
FIGURE 16: LATIN
AMERICA VITAMIN D MARKET, BY PREGNANT WOMEN, 2023-2030 (IN $ MILLION)
FIGURE 17: LATIN
AMERICA VITAMIN D MARKET, BY CHILDREN, 2023-2030 (IN $ MILLION)
FIGURE 18: LATIN
AMERICA VITAMIN D MARKET, BY COUNTRY OUTLOOK, 2022 & 2030 (IN %)
FIGURE 19: BRAZIL
VITAMIN D MARKET 2023-2030 (IN $ MILLION)
FIGURE 20: MEXICO
VITAMIN D MARKET 2023-2030 (IN $ MILLION)
FIGURE 21: REST OF
LATIN AMERICA VITAMIN D MARKET 2023-2030 (IN $ MILLION)