Global Vitamin B Complex Ingredients Market Revenue, Industry Growing Demand, Size, Share and Forecast – 2028

The global Vitamin B complex ingredients market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). There is eight types of B vitamins which include B1, B2, B3, B5, B6, B7, B9, and B12. Vitamin B1 is thiamin, B2 is riboflavin. Similarly,  B3 is niacin, B5 is pantothenic acid, B6 is pyridoxine, B7 is biotin, B9 is folate, and B12 is cobalamin. Vitamin B complex is mainly found in meat, leafy greens, and dairy products. This vitamin is water-soluble. It plays an important role in body functions such as forming of red blood cells. It also supports in forming energy from the food which the body consumes. Each vitamin in the B complex has a different benefit to the body. Vitamin B1 supports in the growth of the body.

Similarly, vitamin B2 supports vitamin B6  to cater to the process of niacin production. Fat and carbohydrates which are consumed in the form of food are further processed and broken down into energy. Vitamin B6 plays a crucial role in the body as it supports in the proper functioning of the immune system. This vitamin also stores protein and carbohydrates in the form of glycogen. Vitamin B7 makes fatty acids in the body and keeps hair and bones stronger. DNA is maintained in the human body with the support of Vitamin B9. Protein metabolism occurs in the body by vitamin B12.

Health benefits acquired by Vitamin B complex ingredients are expected to drive the market growth during the forecast period. For instance, in July 2020, the Food Safety and Standards Authority of India (FSSAI) has said that vitamin B-rich food and supplements support boost the nervous system and improve vitality. This authority has recommended the use of vitamin B complex. Authority further stated that to fight viral infections, a nutrient-rich diet is important. Research says that eating food rich in vitamin b complex can support fight the body against diseases that are caused by bacteria. All medical institutions in the world in some way or the other suggested eating a diet that is rich in vitamins and protein during COVID-19.

Some major players in the market include Amway Corp., Lonza Group AG, and BASF SE, among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in June 2021, Ruchi Soya Industries have launched products in the nutraceuticals and wellness segment. Products are 100% vegetarian. These products will be marketed under the brand name Patanjali and Nutrela. The main objective of the company behind this launch is to provide a cost-effective and healthy supplement. The main ingredients of these supplements are Vitamin B12, iron complex, vitamin C, and omega. Companies in the Healthcare sector are working to bring more Vitamin B complex rich products. For instance, in June 2020, Elysium Health Inc. announced the launch of its product MATTER which is mainly an overall brain health supplement. Major ingredients include Vitamin B complex, omega, and proteins.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Product Type
  • By Application
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Amway Corp., Lonza Group AG, and BASF SE, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Vitamin B Complex Ingredients Market Report By Segment

By Product Type

• Vitamin B1
• Vitamin B2
• Vitamin B3
• Vitamin B5
• Others

By Application

• Animal Feed
• Food and Beverage
• Pharmaceutical
• Cosmetics

Global Vitamin B Complex Ingredients Market Report By Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa