Western Europe Will Witness Rampant Consumption of Vitamin D Ingredients During 2016-2026

VALLEY COTTAGE, New York, February 20, 2017 /PRNewswire/ --

Adequate intake of vitamin D instruments a regularized absorption of calcium and phosphorous minerals in one's body. Consumers are well aware of the pivotal role of vitamin D ingredients in maintaining a healthy composition of bones and teeth. Consumption of food, beverages or medicines containing vitamin D ingredients is growing in the world. Medical research and clinical trials have attested the advantage of consuming vitamin D ingredients for treatment of prevalent disorders such as multiple sclerosis, type 1 diabetes, and even cancer. A recent study published by Future Market Insights estimated that in 2016, more than 10,000 tonnes of vitamin D ingredients were sold in the world. The study further predicts that by the end of 2026, the global vitamin D ingredient consumption will have soared robustly at 10.6% CAGR and reached 30,000 tonnes.

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According to Future Market Insights - 

"The global market for vitamin D ingredients, which is presently valued over US$ 1.2 billion, will surge at a healthy CAGR of 11.1% and bring in revenues worth over US$ 3.5 billion by the end of 2026."

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Vitamin D Consumption Rampant in Western Europe 

A majority of global demand for vitamin D ingredients emanates from North America and the Asia-Pacific excluding Japan (APEJ) region. In 2017 and beyond, North America will account for over two-third of global revenues, while over 2,000 tonnes of vitamin D ingredients are expected to be consumed in the APEJ region by 2026-end. Even still, Western Europe is projected to be the most lucrative region for sales of vitamin D ingredients. According to the report, the vitamin D ingredient revenues in Western Europe will be soaring at the fastest pace, registering CAGR of 13.5%. On the other hand, Eastern Europe, Latin America and Middle East & Africa will showcase a relatively moderate revenue growth for vitamin D ingredients. And, Japan's contribution to global vitamin D ingredients market value will remain less than 3% throughout the forecast period.