Vitamin D is a steroid vitamin that promotes intestinal absorption and metabolism of calcium and phosphorus. Under normal conditions of sunlight exposure, no dietary supplementation is necessary because sunlight promotes adequate vitamin D synthesis in the skin. Vitamin D deficiency can lead to bone deformity (rickets) in children and bone weakness in adults. It is required for normal growth and development of bones and teeth, protects against muscle weakness, and regulates heart functions. Vitamin D is consumed in food and is present in eggs, fish, and dairy productshuman skin, Skin production of the active form of vitamin D in the first part of the day. Active people living in sunny regions produce most of the vitamin D their skin needs.
The incidences of diseases caused by vitamin D deficiency have thus become more and more underdeveloped countries around the world. Rickets is a skeletal disorder caused by lack of vitamin D, calcium, or phosphate. Increasing cases of child malnutrition, which is a condition that results from excessive nutrition and causes health problems. Increasing incidence of osteoporosis and osteomalacia in various countries across the globe is a major factor driving demand for vitamin D and related products.
However, regulatory standards in some countries to prevent vitamin D toxicity is a factor restraining growth of the market.
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North America dominates the global market, accounting for around XX% of total market revenue in 2016. Development in emerging markets such as Brazil, Italy, India and China is paving way for new and lucrative opportunities for growth of this market.
Key players in the global biosimilars market include Abbott Laboratories, Archer Daniels Midland Company, BASF SE, Fermenta Biotech Ltd., Danone SA Group, Koninklijke Dsm NV, Kraft Foods Group, Inc., Nestle SA, Pfizer, Inc., and Synthesia, AS.
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