PUBLISHER: IMARC | PRODUCT CODE: 1347787
PUBLISHER: IMARC | PRODUCT CODE: 1347787
Vitamin B Complex Ingredients Market Report by Type (Vitamin B1, Vitamin B2, Vitamin B3, Vitamin B5, Vitamin B6, Vitamin B7, Vitamin B9, Vitamin B12), Application (Pharmaceuticals, Foods and Beverages, Animal Feed), and Region 2023-2028
Market Overview:
The global vitamin B complex ingredients market size reached US$ 2.99 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.03 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028. The increasing awareness about the importance of nutrition, outbreak of coronavirus disease, growing importance of B complex vitamins in cellular metabolism, and rise the in the elderly population, who often need more dietary supplements represent some of the key factors driving the market.
Vitamin B complex is a group of water-soluble vitamins that play essential roles in various bodily functions, including energy production, metabolism, and the maintenance of a healthy nervous system. The B complex vitamins consist of eight individual vitamins, namely thiamine (B1), riboflavin (B2), niacin (B3), pantothenic acid (B5), pyridoxine (B6), biotin (B7), folate (B9), and cobalamin (B12). Sources of vitamin B complex ingredients can be found in a variety of foods. Thiamine (B1) is abundant in whole grains, legumes, and pork. Riboflavin (B2) is found in dairy products, lean meats, and leafy greens, which is necessary for energy production, cell function, and fat metabolism. Niacin (B3) is present in poultry, fish, and nuts and is used by the body to turn food into energy. Pantothenic acid (B5) is found in meat, eggs, and whole grains and is utilized for the production of blood cells. Pyridoxine (B6) can be obtained from meat, fish, and bananas to assists in amino acid metabolism, red blood cell production, and the creation of neurotransmitters. Biotin (B7) is found in organ meats, eggs, and nuts, which is essential for hair, skin, and nail health. Folate or folic acid (B9) plays an important role in mental and emotional health and is abundant in leafy greens, legumes, and citrus fruits. Cobalamin (B12) plays a critical role in the pathways of the body that produce cellular energy and is primarily found in animal products such as meat, fish, and dairy. Each vitamin has a unique structure and function due to which they work together synergistically. Vitamin B complex ingredients typically contain varying amounts of these vitamins to ensure adequate intake for optimal health.
Vitamin B Complex Ingredients Market Trends:
One of the primary factors driving the market is the increasing awareness about the importance of nutrition and the impact of nutrient deficiencies. These ingredients play an essential role in maintaining overall health and well-being of individuals. Each vitamin in the B complex has specific functions that contribute to various physiological processes, making them crucial for optimal bodily function. Besides this, the outbreak of coronavirus disease (COVID-19) pandemic has accelerated the product sales as people look to improve their immune health and reduce susceptibility to illnesses. . Apart from this, with the increase in the elderly population, who often need more dietary supplements due to decreased nutrient absorption with age, the market is expected to grow. Furthermore, as people have become more health-conscious, the fitness and wellness industry has expanded. As a result, several individuals are opting for vitamin B complex supplements to support their general health, boost energy levels, or aid in recovery and muscle growth. This is expected to escalate the demand for vitamin B complex ingredients. Moreover, the advancement in technology has allowed manufacturers to fortify a wide range of food products with vitamin B complex, thus creating a positive market outlook.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global vitamin B complex ingredients market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on type and application.
Type Insights:
Vitamin B1
Vitamin B2
Vitamin B3
Vitamin B5
Vitamin B6
Vitamin B7
Vitamin B9
Vitamin B12
The report has provided a detailed breakup and analysis of the vitamin B complex ingredients market based on the type. This includes vitamin B1, vitamin B2, vitamin B3, vitamin B5, vitamin B6, vitamin B7, vitamin B9, and vitamin B12. According to the report, vitamin B1 represented the largest segment.
Application Insights:
Pharmaceuticals
Foods and Beverages
Animal Feed
A detailed breakup and analysis of the vitamin B complex ingredients market based on the application has also been provided in the report. This includes pharmaceuticals, foods and beverages, and animal feed. According to the report, food and beverages accounted for the largest market share.
Regional Insights:
North America
United States
Canada
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for vitamin B complex ingredients. Some of the factors driving the North America vitamin B complex ingredients market included growing awareness about health and wellness, increasing adoption of vegetarian and vegan diets, and aging population.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global vitamin B complex ingredients market. Detailed profiles of all major companies have been provided. Some of the companies covered include Adisseo France S.A.S. (China National Bluestar (Group) Co. Ltd.), AIE Pharamceuticals Inc., Amway Corp (Alticor Inc.), BASF SE, Bluebonnet Nutrition Corporation, Koninklijke DSM N.V., North American Herb and Spice, Nutrivolv Ltd., Parkacre Ltd., Thorne Healthtech Inc., Vertellus Holdings LLC, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
Key Questions Answered in This Report:
- How has the global vitamin B complex ingredients market performed so far, and how will it perform in the coming years?
- What are the drivers, restraints, and opportunities in the global vitamin B complex ingredients market?
- What is the impact of each driver, restraint, and opportunity on the global vitamin B complex ingredients market?
- What are the key regional markets?
- Which countries represent the most attractive vitamin B complex ingredients market?
- What is the breakup of the market based on the type?
- Which is the most attractive type in the vitamin B complex ingredients market?
- What is the breakup of the market based on the application?
- Which is the most attractive application in the vitamin B complex ingredients market?
- What is the competitive structure of the global vitamin B complex ingredients market?
- Who are the key players/companies in the global vitamin B complex ingredients market?
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Vitamin B Complex Ingredients Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Type
- 6.1 Vitamin B1
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Vitamin B2
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
- 6.3 Vitamin B3
- 6.3.1 Market Trends
- 6.3.2 Market Forecast
- 6.4 Vitamin B5
- 6.4.1 Market Trends
- 6.4.2 Market Forecast
- 6.5 Vitamin B6
- 6.5.1 Market Trends
- 6.5.2 Market Forecast
- 6.6 Vitamin B7
- 6.6.1 Market Trends
- 6.6.2 Market Forecast
- 6.7 Vitamin B9
- 6.7.1 Market Trends
- 6.7.2 Market Forecast
- 6.8 Vitamin B12
- 6.8.1 Market Trends
- 6.8.2 Market Forecast
7 Market Breakup by Application
- 7.1 Pharmaceuticals
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Foods and Beverages
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
- 7.3 Animal Feed
- 7.3.1 Market Trends
- 7.3.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
- 9.1 Overview
- 9.2 Drivers
- 9.3 Restraints
- 9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Adisseo France S.A.S. (China National Bluestar (Group) Co. Ltd.)
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 AIE Pharmaceuticals Inc
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Amway Corp (Alticor Inc.)
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 BASF SE
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.5 Bluebonnet Nutrition Corporation
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Koninklijke DSM N.V.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 North American Herb and Spice
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Nutrivolv Ltd
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Parkacre Ltd
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 Thorne Healthtech Inc.
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Vertellus Holdings LLC
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.1 Adisseo France S.A.S. (China National Bluestar (Group) Co. Ltd.)
Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.
List of Figures
- Figure 1: Global: Vitamin B Complex Ingredients Market: Major Drivers and Challenges
- Figure 2: Global: Vitamin B Complex Ingredients Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Vitamin B Complex Ingredients Market: Breakup by Type (in %), 2022
- Figure 5: Global: Vitamin B Complex Ingredients Market: Breakup by Application (in %), 2022
- Figure 6: Global: Vitamin B Complex Ingredients Market: Breakup by Region (in %), 2022
- Figure 7: Global: Vitamin B Complex Ingredients (Vitamin B1) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Vitamin B Complex Ingredients (Vitamin B1) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Vitamin B Complex Ingredients (Vitamin B2) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Vitamin B Complex Ingredients (Vitamin B2) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Vitamin B Complex Ingredients (Vitamin B3) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Vitamin B Complex Ingredients (Vitamin B3) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Vitamin B Complex Ingredients (Vitamin B5) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Vitamin B Complex Ingredients (Vitamin B5) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: Global: Vitamin B Complex Ingredients (Vitamin B6) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: Global: Vitamin B Complex Ingredients (Vitamin B6) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: Global: Vitamin B Complex Ingredients (Vitamin B7) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: Global: Vitamin B Complex Ingredients (Vitamin B7) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Global: Vitamin B Complex Ingredients (Vitamin B9) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Global: Vitamin B Complex Ingredients (Vitamin B9) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Global: Vitamin B Complex Ingredients (Vitamin B12) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Global: Vitamin B Complex Ingredients (Vitamin B12) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: Global: Vitamin B Complex Ingredients (Pharmaceuticals) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: Global: Vitamin B Complex Ingredients (Pharmaceuticals) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Global: Vitamin B Complex Ingredients (Foods and Beverages) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Global: Vitamin B Complex Ingredients (Foods and Beverages) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: Global: Vitamin B Complex Ingredients (Animal Feed) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: Global: Vitamin B Complex Ingredients (Animal Feed) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: Global: Vitamin B Complex Ingredients (Other Applications) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: Global: Vitamin B Complex Ingredients (Other Applications) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: North America: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: North America: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: United States: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: United States: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Canada: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Canada: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Asia-Pacific: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Asia-Pacific: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: China: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: China: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: Japan: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: Japan: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: India: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: India: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: South Korea: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: South Korea: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Australia: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Australia: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Indonesia: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Indonesia: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Others: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Others: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Europe: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Europe: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Germany: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Germany: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: France: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: France: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: United Kingdom: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: United Kingdom: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Italy: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Italy: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 63: Spain: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 64: Spain: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 65: Russia: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 66: Russia: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 67: Others: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 68: Others: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 69: Latin America: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 70: Latin America: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 71: Brazil: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 72: Brazil: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 73: Mexico: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 74: Mexico: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 75: Others: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 76: Others: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 77: Middle East and Africa: Vitamin B Complex Ingredients Market: Sales Value (in Million US$), 2017 & 2022
- Figure 78: Middle East and Africa: Vitamin B Complex Ingredients Market: Breakup by Country (in %), 2022
- Figure 79: Middle East and Africa: Vitamin B Complex Ingredients Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 80: Global: Vitamin B Complex Ingredients Industry: Drivers, Restraints, and Opportunities
- Figure 81: Global: Vitamin B Complex Ingredients Industry: Value Chain Analysis
- Figure 82: Global: Vitamin B Complex Ingredients Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Vitamin B Complex Ingredients Market: Key Industry Highlights, 2022 & 2028
- Table 2: Global: Vitamin B Complex Ingredients Market Forecast: Breakup by Type (in Million US$), 2023-2028
- Table 3: Global: Vitamin B Complex Ingredients Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 4: Global: Vitamin B Complex Ingredients Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Vitamin B Complex Ingredients Market: Competitive Structure
- Table 6: Global: Vitamin B Complex Ingredients Market: Key Players
