Cholecalciferol Drops Market

Global Cholecalciferol Drops Market: Introduction

• Cholecalciferol (vitamin D3) is used as a dietary supplement when the amount of vitamin D in the diet is insufficient. People most at risk of vitamin D deficiency are older adults; breastfed infants; and people with dark skin, obesity, and having limited sun exposure. People with gastrointestinal, Crohn's, or celiac diseases are also at risk of vitamin D deficiency. Cholecalciferol is also used along with calcium to prevent and treat bone diseases such as rickets (softening and weakening of bones in children caused by lack of vitamin D), osteomalacia (softening and weakening of bones in adults caused by lack of vitamin D), and osteoporosis (a condition in which the bones become thin and weak and break easily).
• Cholecalciferol belongs to a class of medications called vitamin D analogs. It is needed by the body for healthy bones, muscles, nerves, and to support the immune system. It helps the body in utilizing more of the calcium found in foods or supplements.
• The global cholecalciferol drops market is projected to register a CAGR of 7.2% during the forecast period (2020-2025)

Global Cholecalciferol Drops Market: Key Trends

• Majority of the world's population has insufficient vitamin D levels, which is one of the primary drivers of the cholecalciferol drops market. Furthermore, more people are becoming aware of the benefits of cholecalciferol and the number of people suffering from rheumatoid arthritis and other bone-related disorders is also rising, which are expected to drive the market.
• The prevalence of disorders such as osteomalasia in adults and rickets in children has increased and food fortification with vitamin D3 is on the rise as a result of government regulation in many countries. These are some other factors driving the market.
• During the coronavirus pandemic, demand for vitamin D supplements increased owing to consumers' tendency to buy in bulk. Bulk purchases is not just a lockdown-induced trend, it is expected to continue for the next few years, as consumers try to reduce the number of store visits as a form of social distancing. Even when shopping for supplement products online, consumers prefer to buy in bulk to save money in delivery fees. ​
• COVID-19 has made it critical to boost immunity, which is another reason that made people aware of their health. Other factors driving the market include an increase in people's disposable income and an improvement in their lifestyle. ​
• Regulatory bodies' supportive regulations act as a stimulant for the vitamin D ingredients industry. As a result, vitamin D manufacturers can market their products with fewer restrictions. These features encourage pharmaceutical companies to easily market products containing vitamin D ingredients. Pharmaceutical companies are stepping up their efforts to promote the use of vitamin D commodities, which is likely to boost the global market in the next few years. Furthermore, regulatory authorities are stepping up their efforts to spread awareness about the benefits of vitamin D, which is fueling the global cholecalciferol market. As a result, vitamin D components are in high demand in a variety of food applications.

North America to Capture Major Share of Global Cholecalciferol Drops Market

• The cholecalciferol drops market in North America is expanding due to high rate of orthopedic and bone-related problems. According to a report by the U.S. Bone and Joint Health Initiative, one in every two Americans has a musculoskeletal condition, costing an estimated US$ 213 billion in treatment and lost wages every year. A musculoskeletal condition affects an estimated 126.6 million Americans (one in every two adults), which is comparable to the total percentage of Americans living with a chronic lung or heart condition. As a result, the statistics point to a significant financial burden on healthcare and consumer personal expenditures for bone treatment, which is driving them toward vitamin D supplements.
• The market for vitamin supplements is expanding at the fastest rate in Asia Pacific due to the growing urban population in the region. The growing economies, particularly China and India, are embracing a healthy diet, including the use of vitamin supplements, in order to meet their nutritional needs.
• Asia-Pacific is regarded as one of the fastest growing markets for vitamin supplements, owing to its growing urban population and rising disposable income

Key Players Operating in Global Cholecalciferol Drops Market:

• Koninkljike DSM N.V
• Zhejiang Garden Biochemical High-Tech Co Ltd
• Zhejiang Xinhecheng Co Ltd
• Fermenta Biotech Ltd
• Xiamen Jindawei Vitamin Co Ltd
• BASF Se
• Dishman Group
• Taizhou Haisheng Pharmaceutical Co Ltd
• Zhejiang Medicine Co Ltd
• Glanbia PLC
• PHW Group
• Bio-Tech Pharmacal
• Divi’s Nutraceutical
• Synthesia
• Hangzhou Think Chemical Co Ltd
• Sichuan Neijiang Huixin Pharmaceutical Co Ltd
• Kingdom Nutrition Inc.
• Dishman Carbogen Amcis Limited
• Teva Pharmaceutical Industries Limited
• LycoRed Ltd.
• Other prominent players

Global Cholecalciferol Drops Market: Research Scope

Global Cholecalciferol Drops Market, by Form

• Dry Powder
• Liquid

Global Cholecalciferol Drops Market, by Application

• Food Industry
• Pharmaceutical Industry
• Feed Industry

Global Cholecalciferol Drops Market, by End-user

• Adults
• Pregnant Women
• Children

Global Cholecalciferol Drops Market, by Distribution Channel

• Hypermarkets & Supermarkets
• Food Specialty Stores
• Pharmaceutical Stores
• Others

Global Cholecalciferol Drops Market, by Region

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Spain
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • Australia & New Zealand
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa