QYR Market Research Global Vitamin D3 (Cholecalciferol) market | Page 5

QYResearch • Vitamin D3 can be classified into three types: Vitamin D3 Oil, Vitamin D3 Powder and Vitamin D3 Crystallization. Survey results showed that 62.17% of the vitamin D3 market is 62.17%, 36.50% is Vitamin D3 Powder and 1.32% is Vitamin D3 Crystallization in 2016. With the development of economy, these industries will need more vitamin D3. So, vitamin D3 has a huge market potential in the future. • The main raw material of vitamin D3 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 D3 industry. www.qyresearch.com