Vitamin B Market Analysis

Vitamin B market size anticipated to reach at USD 1.2 billion by 2032, with 5.2% CAGR by 2022 to 2032

vitamins B has a vital role in the human body. It helps in converting food into energy, maintaining healthy brain cells, skin cells, and other body tissues, creating new blood cells, and helping in proper nerve function. Vitamin B is of eight types- Vit B1 (thiamin), Vit B2 (riboflavin), Vit B3 (niacin), Vit B5 (pantothenic acid), Vit B6, Vit B7 (biotin), Vit B9 (folate), and Vit B12. Together, they are referred to as Vit B complex.

Various factors are propelling the vitamin B market growth. These factors, as stated by the latest MRFR report, include growing demand for vitamin B owing to its properties of increasing metabolism and helping in proper nerve function. Besides, it also helps to increase red blood cells and prevent infections. Moreover, the growing healthcare industry, the importance of maintaining a proper and active lifestyle, demand for health supplements, and increase in the geriatric population are also adding to the growth of the market.

Key Players

Leading players profiled in the vitamin B market report include The Synergy Company (US), Pharmavite LLC (US), Natures Truth Products, LLC. (US), NOW Health Group, Inc. (US), Solgar Inc. (US), NatureSmart, LLC (Canada), Mason Vitamins, Inc. (US), Country Life, LLC (Japan), Sanofi SA (France), Nature's Bounty Co. (US), and others.

Market Segmentation

The MRFR report provides a complete segmental analysis of the vitamin B market report on the basis of type, form, end user, and distribution channel.

Based on type, the vitamin B market is segmented into vitamin B1, B3, B6, B7, B9, and B12. Of these, the vitamin B1 segment will have the largest share in the market over the forecast period. Vitamin B1 is largely used in different end use industries such as animal feed, pharmaceuticals, food and beverages, and nutraceuticals manufacturers, as thiamine helps to boost the metabolism by converting nutrients into energy.

Based on form, the vitamin B market is segmented into liquids, tablets and capsules, chewables, and others. Of these, the tablets and capsules segment will dominate the market over the forecast period. This is owing to growing inclination towards vitamin B supplements as this helps to produce red blood cells as well as increase the level of energy in the body.

Based on end user, the vitamin B market analysis is segmented into nutraceuticals, dietary supplements, pharmaceutical, and others. Of these, the pharmaceutical segment will lead the market over the forecast period due to the fact that vitamin B is used in the form of curative medicines for rheumatoid arthritis, celiac disease, and inflammatory bowel disease.

Based on distribution channel, the vitamin B market is segmented into non-store based and store-based. The store-based segment is again segmented into specialty store, supermarkets and hypermarkets, and others. Of these, the store-based segment will have the maximum share in the market over the forecast period while the non-store-based segment will grow at the highest CAGR.

Regional Analysis

By region, the vitamin B market report covers the latest trends and growth opportunities across Europe, the Asia Pacific, North America, and the Rest of the World. Of these, North America will spearhead the market over the forecast period. This is chiefly due to the increasing use of vitamin B by different end users such as dietary supplement manufacturers and pharmaceutical companies.

The vitamin B market in the APAC region is predicted to grow at the fastest pace over the forecast period. This is chiefly due to the growing consumption of vitamin B owing to the various health benefits that it offers.

The vitamin B market in Europe is predicted to have a healthy growth over the forecast period. This is followed by the Rest of the World which is predicted to have a notable growth over the forecast period due to growing number of people with vitamin B deficiency and the plentiful health benefits of vitamin B consumption. Vitamin B acts as an antioxidant, helps in DNA repair and production, and maintain good eyesight.

Related Reports

Heart Health Ingredients Market Research Report - Forecast till 2027

Eye Health Ingredients Market Research Report - Forecast till 2027

About Market Research Future:

Market Research Future (MRFR) is a world-renowned market research company that offers a wide range of services, complete with accurate and precise analysis about diverse markets, sub-markets and target consumers. Our approach is a combination of extensive information and multiple data sources that help provide an exhaustive comprehension about the latest major developments to the client, in addition to future events and what measures and decisions to take on the basis of the same.

Our fast-emerging market research firm is armed with an adept research analysts’ team that focuses on gathering useful data and analytics in terms of economic and technological advances. Our proficient analysts conduct industrial visits in a bid to achieve reliable and accurate information from established market participants. One of our foremost objectives is to keep the client well-versed with all the lucrative opportunities as well as challenges surrounding various global markets. We offer step-by-step guidance to our clients, through consulting and strategic services, enabling them to arrive at a practical and effective decision.

Contact us:

Market Research Future (part of Wantstats Research and Media Private Limited),

99 Hudson Street,5Th Floor, New York, New York 10013, United States of America