GITNUX MARKETDATA REPORT 2024

Vitamin Test Industry Statistics

The global vitamin test industry is expected to experience steady growth over the next few years due to increasing consumer awareness about the importance of testing vitamin levels for overall health and wellness.

In this post, we will explore key statistics and trends in the vitamin testing industry. From the market value growth to regional projections and supplement consumption patterns, these insights provide a comprehensive view of the evolving landscape in vitamin testing.

Statistic 1

"The global vitamin testing market was valued at USD 518.96 million in 2019."

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Statistic 2

"The Vitamin & Supplement Manufacturing industry in the US has grown 1.4% per year on average between 2016 and 2021."

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Statistic 3

"The global vitamin D testing market is projected to reach US$ 3.3 billion by 2024."

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Statistic 4

"In 2020, the Asia-Pacific region held the largest share in the market of vitamin D testing."

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Statistic 5

"North America is projected to have a significant growth in the vitamin D testing market because of the rise in the prevalence of vitamin D deficiency."

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Statistic 6

"The immunoassay test type segment dominated the vitamin D testing market with a share of 50.6% in 2020."

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Statistic 7

"The 25-hydroxy vitamin D testing market is projected to have the highest CAGR of 10.5% during 2021-2028."

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Statistic 8

"The growth of vitamin D testing market in Latin America region is projected to rise significantly from 2021 to 2028."

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Statistic 9

"The Middle East & Africa region is expected to have noticeable growth in the vitamin D testing market on account of increasing healthcare expenditure."

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Statistic 10

"Vitamin D has been the top-selling supplement in the US over the past few years."

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Statistic 11

"In 2018, 42% of the US adults reported taking a supplement containing vitamin D."

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Statistic 12

"Liquid chromatography segment is anticipated to grow at the fastest CAGR of 6.0% from 2020 to 2027."

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Statistic 13

"By 2025, the global vitamin D testing market is estimated to reach USD 1.1 billion."

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Statistic 14

"Vitamin D2 testing segment is expected to grow at a CAGR of over 4% during 2021-2026."

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Statistic 15

"Over 50% of the world's population is estimated to be Vitamin D deficient."

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Statistic 16

"North America accounted for approximately 30% of the global vitamin D market revenue in 2020."

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Statistic 17

"In 2020, radioimmunoassay (RIA) contributed to over 8% market share in the global vitamin D testing industry."

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Statistic 18

"The chromatography segment is projected to show over 5% growth rate up to 2027 in the Vitamin D Testing Market."

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In conclusion, the statistics gathered indicate a significant and growing demand for vitamin testing worldwide, particularly in the vitamin D sector. The market is projected to see substantial growth in regions like North America and Latin America due to factors such as rising healthcare expenditure and increased prevalence of vitamin D deficiency. Various test types, such as immunoassay and liquid chromatography, are expected to experience notable growth rates, reflecting advancements in technology and testing methods. With a large portion of the global population estimated to be Vitamin D deficient, the importance of vitamin testing and supplementation is underscored, making it a key area of focus for the healthcare industry in the coming years.

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