Vitamin B Market Size, Future Trends, Growth Insights, Key Players, and Industry Dynamics by 2027
Based on type, the global Vitamin B Market
Size has been segmented into vitamin B1 (Thiamine), vitamin B3 (Niacin),
vitamin B6 (Pyridoxine), vitamin B7 (Biotin), vitamin B9 (Folic Acid), vitamin
B12 (Cobalamin), and others. The vitamin B1 (Thiamine) segment is anticipated
to gain the largest revenue share in the global Vitamin B Market Size and shall maintain lead throughout
the forecast period. Vitamin B1 (Thiamine) is being used in various end-users
such as dietary supplements & nutraceuticals manufacturers, food
&beverages, pharmaceuticals, animal feed, and others as thiamine helps in
boosting the metabolism by converting nutrients into energy. This is a crucial
determinant that is catalyzing the growth of vitamin B1 (Thiamine) segment in
the global Vitamin B Market Size. The same segment is expected to grow with the
highest growth rate owing to the growth of end-use industries in which vitamin
B is used.
Key
Players
Some of
the key players in the global Vitamin B Market Size are Nature's Bounty Co.
(US), Sanofi SA (France), Country Life, LLC (Japan), Mason Vitamins, Inc. (US),
NatureSmart, LLC (Canada), Solgar Inc. (US), NOW Health Group, Inc. (US),
Natures Truth Products, LLC. (US), Pharmavite LLC (US), The Synergy Company
(US).
Market Segmentation:
The global Vitamin
B Market Size has been segregated, by form, into chewables, tablets &
capsules, liquids and others. The tablets & capsules segment is expected to
garner major share in the global Vitamin B Market Size owing to the easy
availability and are convenient for consumption. The same segment is
anticipated to project a higher CAGR during the forecast period due to the
rising inclination of consumers towards vitamin B supplements as it helps in
production of red blood cells and also increases energy level in the body.
The global Vitamin
B Market Size is been classified, by end-user, into pharmaceutical, dietary
supplements & nutraceuticals, and others. The pharmaceutical segment is
expected to gain largest share, owing to the factor that as vitamin B is used
as curative medicines, for diseases such as inflammatory bowel disease, celiac
disease and rheumatoid arthritis.
The global Vitamin
B Market Size has been segregated, by distribution channel into store-based and
non-store based. The store-based segment has been further segregated into
supermarkets and hypermarkets, specialty store, and others. The store-based
segment is expected to generate higher revenue, with the specialty store
sub-segment being the largest. These supplements are prescribed by doctors and
nutritionists and are generally available in selected retail stores. The
non-store-based segment is expected to register the higher CAGR during the
assessment period owing to technological advancements in the e-commerce
industry and growing consumer preference for online retailing.
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Report @ https://www.marketresearchfuture.com/reports/vitamin-b-market-7133
Regional
Analysis
The global Vitamin B Market Size has been segmented on
the basis of region, into North America, Europe, Asia-Pacific, Rest of the
World.
North America is expected to dominate the global
Vitamin B owing to increasing usage of vitamin B by various end-users such as
pharmaceutical companies and dietary supplement manufacturers in the region.
Asia-Pacific vitamin B is expected to grow at a rapid
pace due to the surging consumption of vitamin B in the regions due to health
benefits associated with it. Moreover, Europe and RoW is also expected to
project a significant market share owing to the increasing awareness about
various benefits associated with consumption of vitamin B complex. Vitamin B complex help in maintaining good
eyesight, DNA production and repair, and antioxidant. increasing number of
patients with vitamin B deficiency in the region.
NOTE: Our Team of Researchers
are Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
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