Thiamine Mononitrate [Vitamin B1] Market By Reports And Data
Thiamine Mononitrate [Vitamin
B1] Market To Reach USD 778.9
Million By 2027
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Market Summary
Surging demand for Thiamine Mononitrate [Vitamin B1] as a
dietary supplement is one of the significant factors influencing
the market growth.
Market Size – USD 528.7 Million in 2018, Market Growth - CAGR
of 4.3%, Market Trends – Increasing occurrences of diseases
caused by vitamin B1 deficiency
The global thiamine Mononitrate [vitamin B1] market is
expected to reach USD 778.9 Million by 2027, according to a new
report by Reports and Data. The growth of the market is
attributed to the growing application of thiamine mononitrate
[vitamin B1], a water-soluble vitamin needed to process
carbohydrates, fat, and protein.
Thiamine mononitrate [vitamin B1] helps in enhancing the body
immunity. It is beneficial in improving the health of the skin,
eyes, hair, and liver, along with the prevention of complications
in the nervous system, stomach, muscles, and heart, among
others. It is required by the body to maintain the proper flow of
electrolytes into and out of nerve and muscle cells. Moreover, it
aids in preventing several disorders, including beriberi, which
involves the nerves, heart, and digestive system.
M a Orkuetr S Aumpmparroyach
Rising geriatric population is likely to boost the growth of the thiamine mononitrate [vitamin B1]
market in the upcoming years. Diets of the aged people are often high in carbohydrates, which
surges the need for thiamine mononitrate [vitamin B1]. As per the Global Health and Aging report
published by the WHO (World Health Organization), the number of people aged 65 years or older is
estimated to increase from a projected 524 million in 2010 to approximately 1.5 billion by 2050,
with a significant percentage of increase in developing economies. Additionally, the number of
people aged 65 years or older is anticipated to considerably surpass children younger than 5 years
of age by 2050.
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M a r kOeut Sru Ampmparyoach
Key participants include BASF SE, DSM Nutritional Products AG, Tianjin Golden World Group, Xinfa
Pharmaceutical, Huazhong Pharmaceutical, Brother Enterprises Holdings Co. Ltd., Jiangsu Jubang
Pharmaceutical Co. Ltd., Jiangxi Tianxin Pharmaceutical Co., Ltd., Tianjin Zhongjin Pharmaceutical Co.,
Ltd., and Zhejiang Tianxin, among others.
For the purpose of this report, Reports and Data have segmented the global thiamine mononitrate
[vitamin B1] market on the basis of grade, distribution channel, application, and region:
Grade Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• Food Grade
• Feed Grade
• Pharmaceutical Grade
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• Online
• Offline
M a r kOeut Sru Ampmparyoach
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• Animal Feed
• Food & Beverage
• Pharmaceutical
• Personal care & Cosmetics
Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA
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About Us
A b oOuutr U Aspproach
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