PUBLISHER: TechSci Research | PRODUCT CODE: 1732975
PUBLISHER: TechSci Research | PRODUCT CODE: 1732975
Vitamin B1 Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel, By End Use, By Region and Competition, 2020-2030F
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The Global Vitamin B1 Market was valued at USD 301.68 million in 2024 and is projected to reach USD 447.60 million by 2030, growing at a CAGR of 4.81%. Vitamin B1, also known as thiamine, is a crucial water-soluble vitamin essential for carbohydrate metabolism and proper nervous system functioning. Its wide-ranging applications in human and animal health have established its importance across various sectors. In animal nutrition, Vitamin B1 is increasingly used in livestock and aquaculture feeds to support healthy development and metabolic performance. The growing global demand for meat, alongside heightened awareness of animal wellness, particularly in emerging economies such as those in Asia Pacific and North America, is expected to sustain the demand for vitamin-enriched feed. However, challenges such as raw material price volatility, regulatory compliance issues, and the circulation of counterfeit products may impact production efficiency and consumer confidence.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 301.68 Million |
| Market Size 2030 | USD 447.60 Million |
| CAGR 2025-2030 | 4.81% |
| Fastest Growing Segment | Direct |
| Largest Market | North America |
Key Market Drivers
Growth in Pharmaceutical Industry
The sustained expansion of the global pharmaceutical industry is a primary driver of the Vitamin B1 (thiamine) market. With global pharmaceutical revenues reaching approximately USD 1.6 trillion in 2023, Vitamin B1's role in supporting nerve function, energy metabolism, and treating various deficiencies has become increasingly prominent. Its inclusion in multivitamin supplements, injectables, and therapeutic formulations is rising in response to growing incidences of vitamin deficiencies and chronic illnesses. A notable example is Lupin's 2023 launch of Thiamine Hydrochloride Injection USP, developed in partnership with Caplin Steriles Limited, following FDA approval. Vitamin B1 continues to be prescribed for conditions like beriberi and Wernicke-Korsakoff syndrome, particularly in at-risk populations such as those with diabetes or alcohol dependency, further strengthening its demand within pharmaceutical applications.
Key Market Challenges
High Cost of Thiamine Mononitrate
The elevated cost of thiamine mononitrate remains a critical hurdle for the Vitamin B1 market. As a stable and effective synthetic form of Vitamin B1, thiamine mononitrate is widely used in dietary supplements and fortified foods. However, its complex production process and the need for rigorous quality control drive up its manufacturing costs. Variations in raw material availability, reliance on chemical intermediates, and adherence to strict environmental and safety regulations contribute to its high pricing. These cost pressures pose challenges for market expansion, particularly in price-sensitive regions, and can limit broader adoption across food and pharmaceutical sectors.
Key Market Trends
Rising Demand of Vitamin B1 from the Animal Nutrition Segment
The animal nutrition sector is becoming a vital contributor to the growth of the global Vitamin B1 market. As nations like India experience population growth and higher income levels, the consumption of animal-based foods is expected to rise, thereby boosting the demand for nutrient-fortified animal feed. Vitamin B1 plays a pivotal role in maintaining energy metabolism and neurological health in animals, which in turn improves growth performance and disease resistance. Feed manufacturers and livestock producers are increasingly adding thiamine to formulations to enhance productivity and reduce metabolic health issues, thereby supporting overall profitability and operational efficiency.
Key Market Players
- HUAZHONG PHARMACEUTICAL CO., LTD.
- Brother Enterprises Holding Co.
- Jiangxi Tianxin Pharmaceutical Co., Ltd
- dsm-firmenich
- Medikonda Nutrients
Report Scope
In this report, the Global Vitamin B1 Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Vitamin B1 Market, By Sales Channel:
- Direct
- Indirect
Vitamin B1 Market, By End Use:
- Pharmaceutical
- Feed Additives
- Food Additives
- Dairy Products
- Others
Vitamin B1 Market, By Region:
- North America
- United States
- Canada
- Mexico
- Europe
- France
- United Kingdom
- Italy
- Germany
- Spain
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- South America
- Brazil
- Argentina
- Colombia
- Middle East & Africa
- South Africa
- Saudi Arabia
- UAE
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the Global Vitamin B1 Market.
Available Customizations
Global Vitamin B1 Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
- 1.1. Market Definition
- 1.2. Scope of the Market
- 1.2.1. Markets Covered
- 1.2.2. Years Considered for Study
- 1.2.3. Key Market Segmentations
2. Research Methodology
- 2.1. Objective of the Study
- 2.2. Baseline Methodology
- 2.3. Key Industry Partners
- 2.4. Major Association and Secondary Sources
- 2.5. Forecasting Methodology
- 2.6. Data Triangulation & Validation
- 2.7. Assumptions and Limitations
3. Executive Summary
- 3.1. Overview of the Market
- 3.2. Overview of Key Market Segmentations
- 3.3. Overview of Key Market Players
- 3.4. Overview of Key Regions/Countries
- 3.5. Overview of Market Drivers, Challenges, and Trends
4. Impact of COVID-19 on Global Vitamin B1 Market
5. Global Vitamin B1 Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.2. Market Share & Forecast
- 5.2.1. By Sales Channel (Direct, Indirect)
- 5.2.2. By End Use (Pharmaceutical, Feed Additives, Food Additives, Dairy Products, Others)
- 5.2.3. By Region
- 5.2.4. By Company (2024)
- 5.3. Market Map
6. North America Vitamin B1 Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Sales Channel
- 6.2.2. By End Use
- 6.2.3. By Country
- 6.3. North America: Country Analysis
- 6.3.1. United States Vitamin B1 Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.1.1. By Value
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Sales Channel
- 6.3.1.2.2. By End Use
- 6.3.1.1. Market Size & Forecast
- 6.3.2. Mexico Vitamin B1 Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.1.1. By Value
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Sales Channel
- 6.3.2.2.2. By End Use
- 6.3.2.1. Market Size & Forecast
- 6.3.3. Canada Vitamin B1 Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.1.1. By Value
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Sales Channel
- 6.3.3.2.2. By End Use
- 6.3.3.1. Market Size & Forecast
- 6.3.1. United States Vitamin B1 Market Outlook
7. Europe Vitamin B1 Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Sales Channel
- 7.2.2. By End Use
- 7.2.3. By Country
- 7.3. Europe: Country Analysis
- 7.3.1. France Vitamin B1 Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Sales Channel
- 7.3.1.2.2. By End Use
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Germany Vitamin B1 Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Sales Channel
- 7.3.2.2.2. By End Use
- 7.3.2.1. Market Size & Forecast
- 7.3.3. United Kingdom Vitamin B1 Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Sales Channel
- 7.3.3.2.2. By End Use
- 7.3.3.1. Market Size & Forecast
- 7.3.4. Italy Vitamin B1 Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.1.1. By Value
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Sales Channel
- 7.3.4.2.2. By End Use
- 7.3.4.1. Market Size & Forecast
- 7.3.5. Spain Vitamin B1 Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.1.1. By Value
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Sales Channel
- 7.3.5.2.2. By End Use
- 7.3.5.1. Market Size & Forecast
- 7.3.1. France Vitamin B1 Market Outlook
8. Asia Pacific Vitamin B1 Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Sales Channel
- 8.2.2. By End Use
- 8.2.3. By Country
- 8.3. Asia Pacific: Country Analysis
- 8.3.1. China Vitamin B1 Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Sales Channel
- 8.3.1.2.2. By End Use
- 8.3.1.1. Market Size & Forecast
- 8.3.2. India Vitamin B1 Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Sales Channel
- 8.3.2.2.2. By End Use
- 8.3.2.1. Market Size & Forecast
- 8.3.3. South Korea Vitamin B1 Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Sales Channel
- 8.3.3.2.2. By End Use
- 8.3.3.1. Market Size & Forecast
- 8.3.4. Japan Vitamin B1 Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Sales Channel
- 8.3.4.2.2. By End Use
- 8.3.4.1. Market Size & Forecast
- 8.3.5. Australia Vitamin B1 Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Sales Channel
- 8.3.5.2.2. By End Use
- 8.3.5.1. Market Size & Forecast
- 8.3.1. China Vitamin B1 Market Outlook
9. South America Vitamin B1 Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Sales Channel
- 9.2.2. By End Use
- 9.2.3. By Country
- 9.3. South America: Country Analysis
- 9.3.1. Brazil Vitamin B1 Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Sales Channel
- 9.3.1.2.2. By End Use
- 9.3.1.1. Market Size & Forecast
- 9.3.2. Argentina Vitamin B1 Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Sales Channel
- 9.3.2.2.2. By End Use
- 9.3.2.1. Market Size & Forecast
- 9.3.3. Colombia Vitamin B1 Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Sales Channel
- 9.3.3.2.2. By End Use
- 9.3.3.1. Market Size & Forecast
- 9.3.1. Brazil Vitamin B1 Market Outlook
10. Middle East and Africa Vitamin B1 Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Sales Channel
- 10.2.2. By End Use
- 10.2.3. By Country
- 10.3. MEA: Country Analysis
- 10.3.1. South Africa Vitamin B1 Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Sales Channel
- 10.3.1.2.2. By End Use
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Saudi Arabia Vitamin B1 Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Sales Channel
- 10.3.2.2.2. By End Use
- 10.3.2.1. Market Size & Forecast
- 10.3.3. UAE Vitamin B1 Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Sales Channel
- 10.3.3.2.2. By End Use
- 10.3.3.1. Market Size & Forecast
- 10.3.1. South Africa Vitamin B1 Market Outlook
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
- 12.1. Merger & Acquisition (If Any)
- 12.2. Product Launches (If Any)
- 12.3. Recent Developments
13. Global Vitamin B1 Market: SWOT Analysis
14. Porters Five Forces Analysis
- 14.1. Competition in the Industry
- 14.2. Potential of New Entrants
- 14.3. Power of Suppliers
- 14.4. Power of Customers
- 14.5. Threat of Substitute Products
15. Competitive Landscape
- 15.1. HUAZHONG PHARMACEUTICAL CO., LTD.
- 15.1.1. Business Overview
- 15.1.2. Company Snapshot
- 15.1.3. Products & Services
- 15.1.4. Financials (As Reported)
- 15.1.5. Recent Developments
- 15.1.6. Key Personnel Details
- 15.1.7. SWOT Analysis
- 15.2. Brother Enterprises Holding Co.
- 15.3. Jiangxi Tianxin Pharmaceutical Co., Ltd
- 15.4. dsm-firmenich
- 15.5. Medikonda Nutrients
16. Strategic Recommendations
17. About Us & Disclaimer
