"Designing Growth Strategies is in our DNA"

Vitamin B Complex Ingredients Market Size, Share & Industry Analysis, By Type ( Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B12, Vitamin B9, Vitamin B7 ), By Application ( Food and Beverages, Pharmaceutical, Animal Feed, Others ) and regional forecast 2021-2028

Region : Global | Report ID: FBI104044 | Status : Ongoing

 

KEY MARKET INSIGHTS

A human being requires vitamin B complex in adequate quantities for the body's proper cellular and metabolic functioning. Over the past few years, there has been a significant rise in vitamin B complex ingredients among the young generation. This is owed to the increase in vitamin deficiencies and awareness of the importance of a balanced diet. This trend has attributed to substantial growth in the vitamin b complex ingredients market globally.


The past few years have witnessed an increase in proper diet awareness and the importance of vitamins and minerals among the younger population. This has led to the rise in the consumption of nutrient supplements such as vitamin B complex. Additionally, the sedentary lifestyle has led to a large population affected by vitamin deficiencies. According to the National Institute of Health, around 15 % of the general population suffers from vitamin B deficiency worldwide. This trend is projected to boost the vitamin B complex ingredients market growth over the forecast duration.


However, the increasing popularity of the ingredient has also led to stringent regulatory guidelines for using the product. Vitamin B complex overdose also causes complications such as nausea, blurred vision, skin condition, abdominal cramps, among others. These factors are anticipated to hinder the market growth.


Market Segmentation:


Globally, the vitamin B complex ingredients market can be divided based on type, application, and region. The market can be categorized into vitamin B5, vitamin B6, vitamin B12, vitamin B1, vitamin B2, vitamin B3, vitamin B9, and vitamin B7. Based on the application's segmentation, the market is divided into food and beverages, pharmaceuticals, animal feed, and others.


The vitamin B complex ingredients market can be segmented into North America, Europe, Asia Pacific, Latin America, Middle East, and Africa.


Key Market Driver -

Rising awareness of lifestyle diseases

Key Market Restraint -

Stringent regulations of vitamin B complex ingredients


Key Players Covered:


Some of the major companies that are present in the Vitamin B Complex Ingredients Market are Amway, Adisseo, Seven Seas, North America Herb and Specie, BASF, Lonza, DSM, and others


Key Insights: 



  • Key Industry Developments - Mergers, Acquisitions, and Partnerships

  • Key Trends in Vitamin B Complex Ingredients Market

  • Overview of Regulatory scenario – Key Country/Region

  • Introduction of New Products by Major Players


Regional Analysis:


Based on geography segmentation, the Vitamin B Complex Ingredients Market can be categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North American region is expected to hold the dominant position in the vitamin B complex ingredients market and is projected to remain in a dominating position during the forecast period. This is owed to factors such as higher awareness regarding vitamin deficiency in the general population, greater access to vitamin complex tablets through different channels, among others. Europe is projected to be the second-highest valued market globally over the forecast duration. Active government initiative for spreading awareness regarding vitamin B deficiency is projected to bolster Europe's market growth. The higher patient pool of vitamin b complex deficiency and rising geriatric population in the countries such as China and Japan I estimated to surge the demand for vitamin b complex ingredients in the region. The market in Latin America and the Middle East, and Africa are expected to capture a lower share in the global vitamin B complex ingredients market owing to the lower availability of vitamin B complex ingredients in the regions


To gain extensive insights into the market, Request for Customization


Segmentation






















ATTRIBUTES    


DETAILS

By Type




  • Vitamin B1

  • Vitamin B2

  • Vitamin B3

  • Vitamin B5

  • Vitamin B6

  • Vitamin B12

  • Vitamin B9

  • Vitamin B7



By Application




  • Food and Beverages

  • Pharmaceutical

  • Animal Feed

  • Others



By Geography




  • North America (USA, Canada)

  • Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)

  • Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Vitamin B Complex ingredients Market Industry Developments 



  • In June 2020, Unived launched a plant based vitamin b complex and multi vitamin tablet in the Indian market.

  • In June 2020, Elysium Health, Inc. launched a brain health supplement named MATTER in collaboration with University of Oxford. The Health supplement contains vitamin b complex ingredients with enhanced bioavailability.


Vitamin B Complex Ingredients Market Size, Share and Global Industry Trend Forecast till 2026
  • Ongoing
  • 2020
  • 2017-2019

    CHOOSE LICENSE TYPE

  • 4850
    6850
    8850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Healthcare Clients

abbvie
Amgen
Lek
Ansell
Fresenius

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . More info.
X