South Korea Vitamin D Ingredient Market was valued at USD 0.1 Billion in 2022 and is projected to reach USD 0.3 Billion by 2030, growing at a CAGR of 8.8% from 2024 to 2030.
The Vitamin D ingredient market in South Korea is seeing significant growth as industries increasingly recognize the importance of this nutrient. Vitamin D, essential for maintaining bone health, immune function, and overall well-being, has become a crucial ingredient in a variety of sectors, including food and beverage, pharmaceuticals, and personal care products. In recent years, the demand for Vitamin D has skyrocketed, spurred by rising health awareness and an aging population.
The food and beverage industry, in particular, plays a key role in driving the Vitamin D ingredient market. Fortified foods, such as dairy products, cereals, and juices, are becoming more popular as consumers seek to boost their Vitamin D intake. This trend has led to an increased requirement for Vitamin D as an essential ingredient in these products. The demand is especially evident in the dairy sector, where fortified milk and yogurt are increasingly common. South Korea’s aging population also presents a growing need for fortified products to combat Vitamin D deficiency, which can lead to conditions like osteoporosis and rickets.
In the pharmaceutical sector, Vitamin D ingredients are widely used in supplements designed to address deficiencies, particularly among the elderly. South Korea’s healthcare system promotes the use of Vitamin D supplements for bone health, and the increasing awareness of its benefits for immune function has led to a surge in sales of Vitamin D-based products. As a result, pharmaceutical companies are demanding higher quantities of Vitamin D ingredients to meet the growing consumer need.
Personal care industries have also contributed to the rise of Vitamin D in South Korea. Vitamin D is now a sought-after ingredient in skincare products due to its reputed benefits for skin health. With an increase in Vitamin D deficiency, consumers are turning to skincare products that promise to replenish this vital nutrient. The growing trend of natural and holistic beauty treatments in South Korea has accelerated the demand for Vitamin D in cosmetics and personal care products.
In conclusion, the Vitamin D ingredient market in South Korea is rapidly expanding, driven by demand across multiple industries. As health trends evolve and consumers become more health-conscious, the need for Vitamin D continues to grow, fueling innovation and investment in the market. Industries are meeting this demand by increasing their use of Vitamin D in a variety of products, ensuring that this essential nutrient is accessible to all sectors of society.
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BASF
Dishman Netherlands
Royal DSM
Barr Pharmaceuticals
Lycored
Zhejiang Garden Bio-chemical High-tech
Fermenta Biotech
Schiff Nutrition International
Glaxo Smith Kline
J.R. Carlson Laboratories
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Vitamin D Ingredient Market
Vitamin D2
Vitamin D3
Vitamin D4
Vitamin D5
Animal-based Sources
Plant-based Sources
Powder
Liquid
Capsules
Tablets
Softgels
Food and Beverages
Pharmaceuticals
Dietary Supplements
Cosmetics and Personal Care
Online Retail
Supermarkets and Hypermarkets
Health and Wellness Stores
Pharmacies
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Vitamin D Ingredient Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Vitamin D Ingredient Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Vitamin D Ingredient Market, By Type
6. South Korea Vitamin D Ingredient Market, By Application
7. South Korea Vitamin D Ingredient Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Vitamin D Ingredient Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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