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Vitamin B
Market, Supplier, Risk and
Competitive Intelligence

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Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

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Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

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Assess Supplier Risk based on key risk and compliance parameters

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Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

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Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

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Benchmark your category performance against peers and the market

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Measure category performance on 15 key parameters across cost, risk and strategy KPIs

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Get information on key factors affecting your supply

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Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

meet-abi-1

Abi will answer all Vitamin B related
procurement queries with relevant data points

Abi - AI powered digital procurement assistant

discover-market-info

Get up-to-date market and supplier info on Vitamin B to help you build

Intelligence covers market and price outlook, SWOT analysis, demand & supply drivers, engagement models and Procurement best practices

1

Intelligence on category covers the following aspects market outlook, supply market, SWOT analysis, Cost components & Price outlook, Demand and supply drivers, Engagement Models and Procurement Best Practices

manage-risk

Assess Supplier Risk based on key risk and compliance parameters

1

Supplier assessment covers the following parameters Financial Risk, Ethical, Labor, Environmental Compliance, IT Security.

2

Supplier assessment is powered by world’s leading data partners including D&B, CreditSafe, Dow Jones, Refinitiv, Orpheus

discover-supplier

Identify right fit suppliers based on your selection criteria including revenue, capabilities, certification, geography

1

Select suppliers based on industry, country, classification from a database of 4.2 mn suppliers. Get detailed supplier profiles with supplier capabilities, revenue, certifications, risk ratings

assess-category-perforamnce

Benchmark your category performance against peers and the market

1

Measure category performance on 15 key parameters across cost, risk and strategy KPIs

source-market-indices

Get information on key factors affecting your supply

1

Source Macro Data and Market Indices information from leading data sources across these key areas - Labor Rates, Currency, Energy, Country Risk, Trade Flow/Transportation, Port Data, Tariff, Weather and Epidemics

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Report Coverage

  1. Market Overview
  2. Price Trend Analysis
  3. Value Chain and Supply Analysis
  4. Cost Drivers

Production Size

Global Production Size/ Capacity

$642 Million (2020 E)

CAGR

4–5 percent

Expected Global Production Size/ Capacity

$737 million (2023)

Table of Contents

  1. Executive Summary
  2. Market Snapshot
  3. Global Market Outlook
  4. COVID-19 Impact
  1. Market Overview – Vitamin B1
  2. Market Overview
  3. Price Trend Analysis
  4. Value Chain and Supply Analysis
  5. Cost Drivers
  6. Cost Breakdown
  1. Market Overview-Vitamin B6
  2. Market Overview
  3. Price Trend Analysis
  4. Value Chain and Supply Analysis
  5. Cost Drivers
  6. Cost Breakdown
  1. Market Overview-Vitamin B12
  2. Market Overview
  3. Price Trend Analysis
  4. Value Chain and Supply Analysis
  5. Cost Drivers
  6. Cost Breakdown

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Vitamin B Global Market Outlook:

MARKET OVERVIEW
Global market size of Vitamin B1 – $642 Million
(2020 E) Expected to grow at a CAGR of 4–5 percent to $737 million by 2023.

Market Trends

  • Manufacturing of vitamins using chemical technology or fermentation involves technical expertise, which adds up to the R&D cost.
  • Raw material occupies a major chunk in the manufacturing of most vitamins.

Market Overview-Vitamin B1:

  • Vitamin B1 or thiamine is majorly manufactured for the use in pharma or dietary supplements industry. Part of the global supply also goes into the manufacturing of food and feed
  • Market for vitamin B1 is highly concentrated in China, just like many other vitamins. DSM is the major manufacturer of vitamin B1 outside China. However, most of their production is to meet their captive demand

Market Overview-Vitamin B6:

  • The global capacity of vitamin B6 was estimated to be 12–15 KT in 2019, Chinese manufacturers hold the largest market shares by volume
  • There are several applications for vitamin B6 in various fields, such as animal nutrition, food & beverage industry, pharmaceutical industry, and others
  • Vitamin B6 is among the various vitamins, whose demand has increased, due to COVID-19. Sanofi has particularly reported the sales of these vitamin B, C, and E increasing considerably in China

Market Overview-Vitamin B12:

  • Vitamin B12 is the most expensive API compared to other vitamins because of its complex production process
  • The global consumption volume of vitamin B12 was around 220–250 MT in 2019
  • Several studies have claimed that vitamin B12 can reduce the rate of progression of COVID-19, and this has triggered a surge in the demand for vitamin B12

Vitamin B Frequently Asked Questions

  1. Which is the most expensive API among the vitamins?
  2. Vitamin B12 is the most expensive active pharmaceutical ingredient (API) compared to other vitamins due to its complicated manufacturing procedure.
  1. Which vitamin B subcategory has witnessed greater consumption during the COVID-19 pandemic?
  2. Beroe’s category intelligence reveals that vitamin B12 and vitamin B6 have experienced notable usage amidst the COVID-19 crisis. Numerous studies have reckoned that both these vitamins can check the progression rate of the coronavirus.
  1. Which region leads the pack in the global vitamin B market?
  2. China stands at the forefront of the global vitamin B market as the region is the heaven for the production and demand for vitamin B1 and vitamin B6. In addition, France-based Sanofi S.A. has registered notable sales growth of vitamins B, E, and C in China, especially during the COVID-19 pandemic.
  1. What are the global production capacities of the vitamin B market?
  2. The revenue size of the global vitamin B market was $642 Mn in 2020 and is likely to hit $737 Mn by 2023, at a 4-5% CAGR. While the global capacity of vitamin B6 was 12–15 KT in 2019, the global consumption volume of vitamin B12 was 220–250 MT within the same timeframe.
  1. Where is vitamin B1 majorly utilized?
  2. Vitamin B1 or thiamine is primarily used in the pharmaceutical or dietary supplements industries. Besides, a portion of the worldwide supply also is utilized to produce food and feed.
  1. What are the key application areas of vitamin B6?
  2. Vitamin B6 finds usage in several fields, including food & beverages, animal nutrition, pharmaceuticals, to name a few.

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