Vitamin B Market Insights, Leading Players, Business Opportunities, Forthcoming Developments and Forecast to 2023
Research Reports
Jan 08, 2021
Market Insight
Global Vitamin B Market is predicted to grow at a healthy CAGR over the forecast period (2018-2023), states the new Market Research Future (MRFR) report. B vitamins have a vital role in the human body. It helps in converting food into energy, maintaining healthy brain cells, skin cells, and other body tissues, creating new blood cells, and helping in proper nerve function. Vitamin B is of eight types- Vit B1 (thiamin), Vit B2 (riboflavin), Vit B3 (niacin), Vit B5 (pantothenic acid), Vit B6, Vit B7 (biotin), Vit B9 (folate), and Vit B12. Together, they are referred to as Vit B complex.
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Key Players and Industry Buzz
Leading players profiled in the vitamin B market report include The Synergy Company (US), Pharmavite LLC (US), Natures Truth Products, LLC. (US), NatureSmart, LLC (Canada), Mason Vitamins, Inc. (US), NOW Health Group, Inc. (US), Solgar Inc. (US), Country Life, LLC (Japan), Sanofi SA (France), Nature’s Bounty Co. (US), and others.
September 2019: True Diagnostics has partnered with Veravas for commercializing VeraTest Biotin, which is a portable test to rapidly screen patient samples for determining whether the level of biotin (B7) present can throw off the accuracy of the test.
Regional Analysis
By region, the vitamin B market report covers the latest trends and growth opportunities across Europe, the Asia Pacific, North America, and the Rest of the World. Of these, North America will spearhead the market over the forecast period. This is chiefly due to the increasing use of vitamin B by different end users such as dietary supplement manufacturers and pharmaceutical companies.
Market Segmentation
The MRFR report provides a complete segmental analysis of the Vitamin B Market report on the basis of type, form, end user, and distribution channel.
Based on type, the vitamin B market is segmented into vitamin B1, B3, B6, B7, B9, and B12. Of these, the vitamin B1 segment will have the largest share in the market over the forecast period. Vitamin B1 is largely used in different end use industries such as animal feed, pharmaceuticals, food and beverages, and nutraceuticals manufacturers, as thiamine helps to boost the metabolism by converting nutrients into energy.
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