The vitamin D market size is estimated to be valued at $1.3B in 2022 and is projected to reach $1.9B by 2027, recording a CAGR of 7.1% during the forecast period, according to a report by Research & Markets. The vitamin D market is escalating with the increase in consumption and demand of feed around the world. Moreover, the feed industry is observing an increasing trend in the need for improved feed products to strengthen nutritional additives requirements.
Furthermore, in developing economies such as China and India, where there is a growing focus on animal nutrition, different vitamins are expected to experience a strong rise in the demand from the feed industry. In addition, increasing consumer concerns regarding maintaining a balanced diet and growing consumer awareness about several diseases caused by vitamin D deficiency will also boost the market of Vitamin D during the forecast period. Food fortification is one of the major trends fueling the vitamin D market in the functional food & beverage industry.