The global Thiamin (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 Thiamin (Vitamin B1), a water-soluble vitamin needed to process carbohydrates, fat, and protein.
Thiamin (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.
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Further key findings from the report suggest
- By grade, the feed grade Thiamin (Vitamin B1) held a substantial market size in 2018. Feed grade product is required to cater to the requirements of the animal and several changes arising from causes, including genetic lines, the effect of changing seasons, and different animal physiologies, among others.
- By distribution channel, the offline distribution channel contributed to the largest market share in 2018 and is expected to grow at a rate of 3.4% in the forecast period. Offline channel is the most preferred channel for distribution as it includes the opportunity for customers to create personal connections with business, which is beneficial in building loyalty.
- By application, food beverage contributed to the largest market share in 2018 and is estimated to grow at a rate of 4.1% in the forecast period.
- The market in the Asia Pacific region held the largest market share in 2018 and is projected to grow at a rate of 4.9% in the forecast period. Growing inclination towards a healthy lifestyle, growing population, and a rise in the level of disposable income are among the factors that drive the growth of the market in the region.
Key Players covered in this report are
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.
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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
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Animal Feed
- Food Beverage
- Pharmaceutical
- Personal care Cosmetics
Geographic Segment Covered in the Report:
The Thiamin (Vitamin B1) report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.
- North America (USA and Canada)
- Europe (UK, Germany, France and the rest of Europe)
- Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
- Latin America (Brazil, Mexico, and the rest of Latin America)
- Middle East and Africa (GCC and rest of the Middle East and Africa)
Major Points covered in this report are as below:
• The Thiamin (Vitamin B1) industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Thiamin (Vitamin B1) Market report provides key statistics on the market status of the Thiamin (Vitamin B1) manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central South America, Brazil, Argentina, Rest of South America, Middle East Africa, Saudi Arabia, Turkey, Rest of Middle East Africa
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