Press release
Vitamin B6 (Pyridoxine Hydrochloride) Market Is Expected to Grow At a CAGR 8.9% over the forecast period 2019 and 2025 - QYResearch
Vitamin B6 (Pyridoxine Hydrochloride) refers to a group of chemically similar compounds which can be interconverted in biological systems. Vitamin B6 (Pyridoxine Hydrochloride) is part of the vitamin B group of essential nutrients.
In global market, the production of Vitamin B6 (Pyridoxine Hydrochloride) increases from 7064 MT in 2012 to 7739 MT in 2016, at a CAGR of 2.31%. In 2016, the global Vitamin B6 (Pyridoxine Hydrochloride) market is led by China. Europe is the second-largest region-wise market.
At present, the major manufacturers of Vitamin B6 (Pyridoxine Hydrochloride) are Tianxin Pharmaceutical, DSM, Huazhong Pharmaceutical, Hegno and Guangji Pharmaceutical. Tianxin Pharmaceutical is the world leader, holding 41.53% production market share in 2016.
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In application, Vitamin B6 (Pyridoxine Hydrochloride) downstream is wide and recently Vitamin B6 (Pyridoxine Hydrochloride) has acquired increasing significance in various fields of Animal Nutrition, Food & Beverage Industry, Pharmaceutical Industry and others. Animal Nutrition is the largest application field. In 2016, the Vitamin B6 (Pyridoxine Hydrochloride) Sales (MT) in Animal Nutrition was 6297, and it will reach 7752 MT in 2023; while the sales Market Share (%) in Animal Nutrition was 81.37% in 2016 and will be 79.67% in 2023.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Vitamin B6 (Pyridoxine Hydrochloride) production will show a trend of steady growth. In 2023 the production of Vitamin B6 (Pyridoxine Hydrochloride) is estimated to be 10132 MT.
The global Vitamin B6 (Pyridoxine Hydrochloride) market is valued at 370 million US$ in 2017 and will reach 740 million US$ by the end of 2025, growing at a CAGR of 8.9% during 2018-2025.
The major manufacturers covered in this report
Tianxin Pharmaceutical
DSM
Huazhong Pharmaceutical
Hegno
Guangji Pharmaceutical
On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into
Feed Grade
Pharmaceutical Grade
Food Grade
On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including
Animal Nutrition
Food & Beverage Industry
Pharmaceutical Industry
Others
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