Thiamine Market Size, Share & Trends Analysis Report 2022 - 2030

 Thiamine Industry Overview

The global thiamine market size was valued at USD 170.98 million in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 13.9% from 2022 to 2030. The demand for the product is anticipated to be driven by its increasing usage in pharmaceutical, animal feed, and food preparation. The global market is currently dominated by companies such as DSM, Jiangsu Jubang Pharmaceutical Co., Ltd., Tianjin Zhongjin Pharmaceutical Co., Ltd. These companies strive to maintain governing position, generating the highest percentage of revenue and capturing a greater market share. The rising product demand and a smaller number of manufacturers give rise to multiple opportunities for the existing players to gain strategic and competitive advantage.

Thiamine or Vitamin B1 is one of the water-soluble B vitamins, found in many food sources such as whole grains, legumes, fish, beans, meat, and nuts. It is used as a dietary supplement and as a medication. It is manufactured in different forms like powder, tablets, and capsules. It is used to maintain the health of the nervous system and turn food into energy. Thiamine is a type of vitamin that has antioxidant, cognition- and mood-modulatory, erythropoietic, antiatherosclerotic, detoxification, and putative ergogenic properties. In animals, the product is found in animals to protect the rat liver and kidney against lead-induced lipid peroxidation. In humans, it plays an important role in energy metabolism and the development and growth of functional cells. In addition, it helps to strengthen the immunity in the human body.


Gather more insights about the market drivers, restrains and growth of the Global Thiamine market

 

 

The increasing number of diseases and little knowledge and awareness about thiamine deficiency can be a restraint for the market growth. This deficiency can cause many other serious health disorders. On the other hand, this can also prove to have a positive impact on the market as this gives manufacturers opportunities to grow and capture maximum market share by the means of their strategic initiatives.


Browse through Grand View Research's Food Additives & Nutricosmetics Industry Research Reports.

  • Collagen Market - The global collagen market size was valued at USD 9.12 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 10.2% from 2023 to 2030. This is attributable to the rising use of the product in various industries such as cosmetics and is expected to propel market demand.

 

  • Crocetin Esters Market - The global crocetin esters market size was valued at USD 385.6 thousand in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 5.8% from 2023 to 2030. The dried stigmas of the saffron crocus contain crocetin esters and these are considered to be pharmacologically active components of saffron.

 

Thiamine Market Segmentation

Grand View Research has segmented the global thiamine market on the basis of application and region:

Thiamine Application Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

  • Food and Beverages
    • Flavors
    • Others
  • Animal Feed
  • Pharmaceuticals
  • Dietary Supplements
  • Others

Thiamine Regional Outlook (Volume, Tons; Revenue, USD Thousand, 2018 - 2030)

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies profiled:

Some prominent players in the global thiamine market include:

  • DSM
  • Chemizo Enterprise
  • Xinfa Pharmaceutical Co., Ltd.
  • Jiangxi Tianxin Pharmaceutical Co., Ltd.
  • Nutricost
  • McCartan’s Pharmacy
  • Jiangsu Jubang Pharmaceutical Co., Ltd.
  • HPC

 

Order a free sample PDF of the Thiamine Market Intelligence Study, published by Grand View Research.

About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

Contact:

Sherry James

Corporate Sales Specialist, USA

Grand View Research, Inc.

Phone: 1-415-349-0058

Toll Free: 1-888-202-9519

Email: sales@grandviewresearch.com

Web: https://www.grandviewresearch.com

Follow Us: LinkedIn | Twitter

Comments

Post a Comment

Popular posts from this blog

Industrial Connectors Market Basis Of Type, Applications, Distribution Channel And Geography 2013-2028

The global Industrial Connectors market was valued at $XX million in 2018, and Radiant Insights, Inc analysts predict the global market size will reach $XX million by the end of 2028, growing at a CAGR of XX% between 2018 and 2028. This report provides detailed historical analysis of global market for Industrial Connectors from 2013-2018, and provides extensive market forecasts from 2019-2028 by region/country and subsectors. It covers the sales volume, price, revenue, gross margin, historical growth and future perspectives in the Industrial Connectors market. Download Free Sample Report @ https://www.radiantinsights.com/research/2013-2028-report-on-global-industrial-connectors-market/request-sample Leading players of Industrial Connectors including: • TE Connectivity • Delphi Connection Systems • Amphenol • Molex • JAE • Sumitomo Wiring Systems • Yazaki • Rosenberger • JST • Hirose Electric • Harting • Phoenix Contact • Dai-ichi Seiko Market split by Type, can be divi
Read more

U.S. Cannabis Market is Anticipated To Be Valued At USD 40.1 Billion By 2030

  U.S. Cannabis Industry Overview The U.S. cannabis market size was valued at USD 13.2 billion in 2022 and is expected to expand at a compound annual growth rate (CAGR) of 14.2% from 2023 to 2030. In the United States, cannabis is often used in the cosmetic, pharmaceutical, and food & beverage industries. The increasing legalization of cannabis and rising acceptance of its use for medical purposes are the key factors driving the growth of the market. The increasing research on the use of cannabis and its medicinal properties has led to its increased use to treat various chronic conditions. They are found to be effective in treating chronic pain and nausea caused due to chemotherapy. Furthermore, the constant rise in the legitimization of medical cannabis has resulted in the growth of the market. For instance, the Food and Drug Administration (FDA) has approved the use of cannabis-derived drug products such as Epidiolex, Cesamet, etc. for treating seizures, and chemotherapy-induced
Read more

Bioplastics Industry 2022-2030: Comprehensive Market Study

  Bioplastics Industry Data Book | Forecast 2030 Bioplastics Industry Data Book - Biodegradable Plastic, Polylactic Acid (PLA), Bio-based Polyurethane (PU) and Biopharma Plastics Market Grand View Research’s bioplastics sector data book is a collection of market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking analyses, macro-environmental analyses, and regulatory & technological framework studies. Within the purview of the database, such information is systematically analyzed and provided in the form of outlook reports (1 detailed sectoral outlook report) and summary presentations on individual areas of research along with an agricultural statistics e-book.   Access the Global Bioplastics Industry Data Book, 2023 to 2030 , compiled with details like market sizing information & forecasts, trade data, pricing intelligence, competitive benchmarking, macro-environmental analyses, and regulatory & technological framework studies
Read more