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Global Vitamin D Decreased From 5608 MT In 2013 To 5471 MT In 2017 With An GAGR Of -0.62%
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The main raw material of vitamin D is NF grade cholesterol. Currently, on the global market, there are four companies can produce it, such as NK Chemicals, Nippon Fine Chemical, Dishman and Zhejiang Garden. Fluctuations in the price of the upstream product will impact on the production cost of vitamin D industry.

Currently, there are some companies in the world can produce vitamin D product, mainly concentrate in China. The main market players are Zhejiang Garden Biochemical High-tech, Taizhou Hisound Pharmaceutical, Kingdomway, NHU, etc. The production of vitamin D decreased from 5608 MT in 2013 to 5471 MT in 2017 with an GAGR of -0.62%.

In consumption market, the Asia Pacific market sales value for vitamin D is expected to reach 47.81 million USD in 2017. China is the major manufacturing and consumption market in the world. China is the largest production base of vitamin D. And the production share of vitamin D is responsible for 84.34% in the world in 2016. At present, in developed countries, the vitamin D industry is generally at a more advanced level. The top three manufacturers are Zhejiang Garden Biochemical High-tech, Zhejiang NHU Company, Kingdomway, respectively with global sales market share of 37.53%, 14.42%and 10.97% in 2017. The USA mainly rely on imports from foreign to buy the vitamin D product. The apparent consumption of USA is 1337 MT in 2017.
Vitamin D can be classified into three types: Food Grade, Feed Grade, Medical Grade Vitamin D. Survey results showed that 79.16% of the vitamin D market is Feed Grade, 13.49% is Food Grade and 7.35% is Medical Grade in 2017. With the development of economy, these industries will need more vitamin D. So, vitamin D has a huge market potential in the future.

We tend to believe this industry is an emerging industry, and the consumption increasing degree will show a smooth growth curve. Besides, prices gap between different brands will go narrowing gradually. Also, there will be fluctuation in gross margin.