B Vitamins are group of nutrients that play a vital role in
human body. Vitamin B is used to prevent infections, increase metabolism, and
also to help in proper nerve function. Thus, Vitamin B market is expected
witness high growth in forecast period.
Based on type, the global vitamin B market 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 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. 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.
The global vitamin B market 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 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.
Regional Analysis:
The
global Vitamin B market 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
market 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 market 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.
Key Players:
Some
of the key players in the global vitamin B market 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).
Complete Report Details @ https://www.marketresearchfuture.com/reports/vitamin-b-market-7133
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