Vitamin B Market
Global Vitamin B market Size, Share & Trends Analysis Report by Type (B1, B2, B3, B5, B6, B7, B12 and Folic/Folate Acid), by Distribution Channel (Online and Offline), by Application (Pharmaceuticals, Dietry Supplements, Food and Beverages, and Others), and by End-Users (Hospitals, Home Users, and Sports Enthusiasts), Forecast Period (2022-2028)
The global Vitamin B market is anticipated to grow at a significant CAGR of 5.1 % during the forecast period. The increasing demand for health supplements for healthy and active lifestyle is propelling the growth of the market. The growth in the vitamins has also anticipated due to the increased adoption of vitamins among urban consumers to improve immunity and complement lifestyles. According to the NIH (Nationa Institute of Health), in the US prior to the pandemic, dietary supplement sales increased by 5% ($345 million) in 2019 compared to the previous year, which had surge the maket growth over the forecast.
Impact of COVID-19 Pandemic on Global Vitamin B Market
The COVID-19 pandemic had led to a dramatic loss of human life worldwide and presents an unprecedented challenge to public health, food systems and the world of work. The COVID-19 pandemic had positively affected the vitamin B market and is expected to continue in the forecast. In the grips of a devastating global pandemic, consumers sought additional protections from viral infection and disease based on the assumption that if they consumes dietry supplement or food enriched with vitamins may offer health benefits or “immune-boosting” effects, which had positively affected the market growth.
Segmental Outlook
The global vitamin B market is segmented based on the type, distribution channel, application, and end-users. Based on the type, the market is augmented into the B1, B2, B3, B5, B6, B7, B12 and folic/folate acid. Based on the distribution channel, the market is bifurcated into the online and offline. Based on the application, the market is again segmented into the pharmaceuticals, dietry supplements, food and beverages, and others. Based on the end-users, the market is further segmented into the hospitals, home users, and sports enthusiasts. Among the application segment, the other segment is expected to drive the growth of the market as vitamin B is given to animals to prevent deficiencies which will surge the demand for vitamin B market. Lactating cows consuming vitamin B supplemented feed during the whole lactation period showed higher milk production and milk components, sustainable productivity, improved feed efficiency and lower culling rates.
Global Vitamin B market Share by Application, 2021 (%)
The Dietry Supplements Segment is Expected to hold the Significant Share in the Global Vitamin B market
Among application segment, the dietry supplements segment is expected to grow at a substantial growth rate. The rising intake of dietry supplements due to increasing health awareness with adverse affects of vitamin B deficiency among the individuals is the key factor responsible for the segment growth over the forecast. Dietary supplements enriched with vitamin B plays a vital role in maintaining good health and well-being. Moreover, The B vitamins dietry supplements help enzymes in consumer bodies to important important functions such as cellular functions, breaking down carbohydrates and transporting nutrients throughout the body, which is positively supporting the market growth.
Regional Outlooks
The global vitamin B market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East & Africa, and Latin America). The market can be analyzed for a particular region or country level as per the requirement. The Asia-Pacific region is witnessed to register a substantial growth rate over the forecast. The growing adoptions of health supplements enriched with vitamin B for better health and active lifestyle is driving the growth of the vitamin B market.
Global Vitamin B market Growth, by Region 2022-2028
The North America Region is Expected to hold the Prominent Share in the Global Vitamin B market
Among all regions, the North America region is expected to hold a prominent share in the vitamin B market over the forecast. The growing awareness for the benefits of vitamin B such as improves bone health, heart health, and raising metabolism among the individuals across the region is driving the growth of the market over the forecast. According to the Mayo Clinic, people who follow a vegetarian or vegan diet might be prone to deficiency because plant foods don't contain vitamin B-12. Older adults and people with digestive tract conditions that affect absorption of nutrients also are susceptible to vitamin B-12 deficiency. In Addition, left untreated, a vitamin B-12 deficiency can lead to anemia, fatigue, muscle weakness, intestinal problems, nerve damage and mood disturbances.
Market Players Outlook
The major companies serving the global vitamin B market include Archer Daniels Midland Co., Amway Corp., BASF SE, DSM Corp., Bluebonnet Nutrition Corp., DuPont Danisco Cellulosic Ethanol LLC, Lonza Group AG, NattoPharma, The Bountiful Co., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. For Instance, in April 2021, Life Extension launched B12 Elite to support overall brain health at the cellular level, which delivers two absorbable forms of vitamin B12. This formula is especially good news for vegetarians, since this vitamin primarily comes from animal sources in your diet, as well as the elderly, whose vitamin B levels naturally decline over time. Age-related vitamin B12 deficiencies can affect cognitive and overall health. Moreover, The methylcobalamin form of vitamin B12, on the other hand, helps inhibit excess levels of homocysteine.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global vitamin B market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Vitamin B Market
• Recovery Scenario of Global Vitamin B Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Adisseo France SAS
3.1.1. Overview
3.1.2. Financial Analysis
3.1.3. SWOT Analysis
3.1.4. Recent Developments
3.2. Archer Daniels Midland Co.
3.2.1. Overview
3.2.2. Financial Analysis
3.2.3. SWOT Analysis
3.2.4. Recent Developments
3.3. Amway Corp.
3.3.1. Overview
3.3.2. Financial Analysis
3.3.3. SWOT Analysis
3.3.4. Recent Developments
3.4. BASF SE
3.4.1. Overview
3.4.2. Financial Analysis
3.4.3. SWOT Analysis
3.4.4. Recent Developments
3.5. DSM Corp.
3.5.1. Overview
3.5.2. Financial Analysis
3.5.3. SWOT Analysis
3.5.4. Recent Developments
3.6. Key Strategy Analysis
3.7. Impact of Covid-19 on Key Players
4. Market Segmentation
4.1. Global Vitamin B Market By Type
4.1.1. B1 (Thiamin)
4.1.2. B2 (Riboflavin)
4.1.3. B3 (Niacin)
4.1.4. B5 (pantothenic Acid)
4.1.5. B6
4.1.6. B7 (Biotin)
4.1.7. B9 (Folic/Folate Acid)
4.1.8. B12
4.2. Global Vitamin B Market By Distribution Channel
4.2.1. Online
4.2.2. Offline
4.3. Global Vitamin B Market By Application
4.3.1. Pharmaceuticals
4.3.2. Dietry Supplements
4.3.3. Food and Beverages
4.3.4. Others (Personal Care and Animal Feed)
4.4. Global Vitamin B Market By End-Users
4.4.1. Hospitals
4.4.2. Home Users
4.4.3. Sports Enthusiastics
5. Regional Analysis
5.1. North America
5.1.1. United States
5.1.2. Canada
5.2. Europe
5.2.1. UK
5.2.2. Germany
5.2.3. Italy
5.2.4. Spain
5.2.5. France
5.2.6. Rest of Europe
5.3. Asia-Pacific
5.3.1. China
5.3.2. India
5.3.3. Japan
5.3.4. South Korea
5.3.5. Rest of Asia-Pacific
5.4. Rest of the World
6. Company Profiles
6.1. AIE Pharmaceuticals Inc.
6.2. Aland (Jiangsu) Nutraceutical Co., Ltd.
6.3. Atlantic Essential Products, Inc.
6.4. Bactolac Pharmaceutical Inc.
6.5. Bluebonnet Nutrition Corp.
6.6. DuPont Danisco Cellulosic Ethanol LLC
6.7. Glanbia Nutritionals Inc.
6.8. Kirkman Group
6.9. Lonza Group AG
6.10. NattoPharma
6.11. The Bountiful Co.
1. GLOBAL VITAMIN B MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
2. GLOBAL B1 VITAMIN B MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
3. GLOBAL B2 VITAMIN B MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
4. GLOBAL B3 VITAMIN B MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
5. GLOBAL B5 VITAMIN B MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
6. GLOBAL B6 VITAMIN B MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
7. GLOBAL B7 VITAMIN B MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
8. GLOBAL B2 VITAMIN B MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
9. GLOBAL FOLIC/FOLATE VITAMIN B MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
10. GLOBAL VITAMIN B MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
11. GLOBAL ONLINE VITAMIN B MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
12. GLOBAL OFFLINE VITAMIN B MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
13. GLOBAL VITAMIN B MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
14. GLOBAL VITAMIN B FOR PHARMACEUTICALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
15. GLOBAL VITAMIN B FOR DIETRY SUPPLEMENTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
16. GLOBAL VITAMIN B FOR FOOD AND BEVERAGES MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
17. GLOBAL VITAMIN B FOR OTHER MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
18. GLOBAL VITAMIN B MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
19. GLOBAL VITAMIN B FOR HOSPITALS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
20. GLOBAL VITAMIN B FOR HOME USERS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
21. GLOBAL VITAMIN B FOR SPORTS ENTHUSIASTS MARKET RESEARCH AND ANALYSIS BY REGION, 2021-2028 ($ MILLION)
22. GLOBAL VITAMIN B MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2021-2028 ($ MILLION)
23. NORTH AMERICAN VITAMIN B MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
24. NORTH AMERICAN VITAMIN B MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
25. NORTH AMERICAN VITAMIN B MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
26. NORTH AMERICAN VITAMIN B MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
27. NORTH AMERICAN VITAMIN B MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
28. EUROPEAN VITAMIN B MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
29. EUROPEAN VITAMIN B MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
30. EUROPEAN VITAMIN B MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2021-2028 ($ MILLION)
31. EUROPEAN VITAMIN B MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
32. EUROPEAN VITAMIN B MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
33. ASIA-PACIFIC VITAMIN B MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
34. ASIA-PACIFIC VITAMIN B MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
35. ASIA-PACIFIC VITAMIN B MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL , 2021-2028 ($ MILLION)
36. ASIA-PACIFIC VITAMIN B MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
37. ASIA-PACIFIC VITAMIN B MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
38. REST OF THE WORLD VITAMIN B MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2021-2028 ($ MILLION)
39. REST OF THE WORLD VITAMIN B MARKET RESEARCH AND ANALYSIS BY TYPE, 2021-2028 ($ MILLION)
40. REST OF THE WORLD VITAMIN B MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL , 2021-2028 ($ MILLION)
41. REST OF THE WORLD VITAMIN B MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2021-2028 ($ MILLION)
42. REST OF THE WORLD VITAMIN B MARKET RESEARCH AND ANALYSIS BY END-USERS, 2021-2028 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL VITAMIN B MARKET, 2021-2028 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL VITAMIN B MARKET BY SEGMENT, 2021-2028 ($ MILLION)
3. RECOVERY OF GLOBAL VITAMIN B MARKET, 2021-2028 (%)
4. GLOBAL VITAMIN B MARKET SHARE BY TYPE, 2021 VS 2028 (%)
5. GLOBAL B1 VITAMIN B MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
6. GLOBAL B2 VITAMIN B MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
7. GLOBAL B3 VITAMIN B MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
8. GLOBAL B5 VITAMIN B MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
9. GLOBAL B6 VITAMIN B MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
10. GLOBAL B7 VITAMIN B MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
11. GLOBAL B12 VITAMIN B MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
12. GLOBAL FOLIC/FOLATE VITAMIN B MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
13. GLOBAL VITAMIN B MARKET SHARE BY DISTRIBUTION CHANNEL, 2021 VS 2028 (%)
14. GLOBAL ONLINE VITAMIN B MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
15. GLOBAL OFFLINE VITAMIN B MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
16. GLOBAL VITAMIN B MARKET SHARE BY APPLICATION, 2021 VS 2028 (%)
17. GLOBAL VITAMIN B FOR PHARMACEUTICALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
18. GLOBAL VITAMIN B FOR DIETRY SUPPLEMENTS PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
19. GLOBAL VITAMIN B FOR FOOD AND BEVERAGES MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
20. GLOBAL VITAMIN B FOR OTHER PRODUCTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
21. GLOBAL VITAMIN B MARKET SHARE BY END-USERS, 2021 VS 2028 (%)
22. GLOBAL VITAMIN B FOR HOSPITALS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
23. GLOBAL VITAMIN B FOR HOME USERS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
24. GLOBAL VITAMIN B FOR SPORTS ENTHUSIASTS MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
25. GLOBAL VITAMIN B MARKET SHARE BY GEOGRAPHY, 2021 VS 2028 (%)
26. US VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
27. CANADA VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
28. UK VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
29. FRANCE VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
30. GERMANY VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
31. ITALY VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
32. SPAIN VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
33. REST OF EUROPE VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
34. INDIA VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
35. CHINA VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
36. JAPAN VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
37. SOUTH KOREA VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
38. REST OF ASIA-PACIFIC VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
39. REST OF THE WORLD VITAMIN B MARKET SIZE, 2021-2028 ($ MILLION)
