In the first half of 2023, the global vitamin D3 market displayed diverse trends across regions. Asia witnessed a decline in vitamin D3 prices due to reduced demand from pharmaceutical and nutraceutical industries, resulting in high inventories and price compromises
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Europe had a strong first quarter driven by Chinese market supply, but the second quarter faced economic challenges and growing stockpiles, leading to price declines. North America saw a similar trend, with a positive first quarter driven by downstream industry growth and Asian trade, but the second quarter saw falling prices due to inflation, reduced energy costs, and lower demand.
Definition
Vitamin D3, also known as cholecalciferol, is a fat-soluble vitamin that plays a vital role in maintaining overall health. It is naturally synthesized by the skin when exposed to sunlight or obtained through dietary sources. Vitamin D3 is essential for calcium absorption in the intestines, promoting healthy bones and teeth. Its properties include regulating immune system functions and contributing to cell growth and differentiation. Vitamin D3 deficiency can lead to bone diseases like rickets and osteoporosis. It is available as a dietary supplement and is commonly used to address vitamin D deficiencies and support bone health.
Key Details About the Vitamin D3 Price Trend:
Procurement Resource does an in-depth analysis of the price trend to bring forth the monthly, quarterly, half-yearly, and yearly information on Vitamin D3 in its latest pricing dashboard. The detailed assessment deeply explores the facts about the product, price change over the weeks, months, and years, key players, industrial uses, and drivers propelling the market and price trends.
Each price record is linked to an easy-to-use graphing device dated back to 2014, which offers a series of functionalities; customization of price currencies and units and downloading of price information as Excel files that can be used offline.
The Vitamin D3 Price chart, including India Vitamin D3 price, USA Vitamin D3 price, pricing database, and analysis can prove valuable for procurement managers, directors, and decision-makers to build up their strongly backed-up strategic insights to attain progress and profitability in the business.
Industrial Uses Impacting the Vitamin D3 Price Trend:
Vitamin D3, primarily recognized for its role in human health, also has some industrial applications. In the food industry, it may be used as a fortifying agent in products like dairy and breakfast cereals to address vitamin D deficiencies. Additionally, vitamin D3 supplements are manufactured for the pharmaceutical industry, providing a means to address vitamin D deficiencies medically. It finds application in animal feed to ensure livestock and poultry receive adequate nutrition for growth and health. While its primary use remains in promoting human and animal health, these industrial applications showcase its versatility in addressing nutritional deficiencies in various sectors beyond its traditional role in healthcare.
Key Players:
- The Nature’s Bounty Co.
- Amway
- GlaxoSmithKline plc
- General Nutrition Centers, Inc
- Pfizers Inc.
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