Vitamin B Market Intelligence

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Subscription Benefits:

  • PRO access to New Beroe LiVE*
  • Unlimited updates on the Report*
  • Supplier Watchlist for 3 suppliers*
  • Supplier Shortlisting Tool*

With this purchase you will be subscribed for a 12-month PRO membership to the upcoming all new Beroe LiVE (launching in Q3, 2020)

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*These features will be unlocked on the new Beroe LiVE when it launches (Q3, 2020)

Are you looking for answers on Vitamin B category?

Are you looking for answers on Vitamin B category?

  • What are the key trends in Vitamin B category?
  • Am I paying the right price?
  • Am I working with the right supplier?
  • What are the major challenges and risks in Vitamin B industry?
  • How is Vitamin B industry performing?

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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

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