Thiamine Mononitrate Market Size, Developments Status, Trends and Key Players Analysis, Forecast 2031

Thiamine Mononitrate Market: Introduction

Thiamine mononitrate is also known as Vitamin B1. Vitamin B1 helps maintain healthy nervous and cardiovascular systems.
It is added to certain foods to maintain nutrient content during processing. Thiamine is found in foods such as cereals, whole grains, meat, nuts, beans, and peas.

Thiamine is important in the breakdown of carbohydrates from foods into products needed by the body. Thiamine is used to treat or prevent vitamin B1 deficiency. Thiamine injection is used to treat beriberi, a serious condition caused by prolonged lack of vitamin B1.

It is a water-soluble vitamin that occurs naturally in various foods. It can also be supplemented through other food sources or from dietary supplements, though the latter has been found to have no impact on levels of vitamin B-T metabolites in blood plasma and urine samples.

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Key Manufacturers Operating in Global Thiamine Mononitrate Market

The thiamine mononitrate market was consolidated in 2020. Major players have prominent presence in developed and developing countries. Key manufacturers operating in the thiamine mononitrate market include:

Brother Enterprises
Huazhong Pharma
Zhejiang Tianxin
DSM

Key Drivers and Restraints of Thiamine Mononitrate Market

Demand for thiamine mononitrate is expected to increase at a significant rate during the forecast period due to increasing prevalence of dysmenorrhea, rising level of awareness, and growing concern about dysmenorrhea among women in developed countries. Most women tend to have dysmenorrhea during puberty, typically within four to five years of the first menstrual cycle. These prostaglandins trigger muscle contractions in the uterus, which cause discomfort and reduce the flow of blood and oxygen to the uterus. Thiamine mononitrate helps reduce menstrual pain.

The side effects of thiamine mononitrate is negatively affecting the thiamine mononitrate market. It causes serious side effects including nausea, tiredness, itching, upper stomach pain, flu-like symptoms (fever, chills, body aches), severe skin redness, itching, and peeling.

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North America to Hold Leading Share of Global Thiamine Mononitrate Market

In terms of region, the thiamine mononitrate market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa

North America is expected to hold major share of the global thiamine mononitrate market, followed by Asia Pacific and Europe, during the forecast period. Increase in research and development for development of innovative drugs and the presence of well-established health care infrastructure are fuelling the growth of the market in North America to a large extent.

Global Thiamine Mononitrate Market, by Region

North America
Europe
Asia Pacific
Latin America
Middle East & Africa
Thiamine Mononitrate Market: Research Scope

Thiamine Mononitrate Market: Application Segment

Based on application, the global thiamine mononitrate market can be divided into feed additive; food additive; and pharmaceutical, supplement, and cosmetics. Among them, the feed additive segment dominates the thiamine mononitrate market.

The feed additive segment is expected to account for the major market share, due to increasing awareness regarding animal health and wellness across the globe

Rising demand for pet food among consumers has resulted in an increase in usage of vitamin B1 as an additive by pet food manufacturers

Thiamine Mononitrate Market, by Type
Thiamine Nitrate
Thiamine Hydrochloride

Thiamine Mononitrate Market, by Application
Feed Additive
Food Additive
Pharmaceutical, Supplement, and Cosmetics

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COVID-19 Impact on Global Thiamine Mononitrate Market

On January 30, 2020, the International Health Regulations Emergency Committee of the World Health Organization (WHO) declared the Coronavirus disease (COVID-19) outbreak a public health emergency of international concern. Originating in China, the virus has spread to at least 214 countries and territories around the world.

Several governments and private sector businesses are operating at a limited capacity or have ceased operations completely due to recent events surrounding the COVID-19 pandemic
The outbreak of the COVID-19 pandemic has led to disturbance in the supply chain due to the global lockdown in several countries. Also, the spread of the coronavirus has caused a fall in demand for chemical intermediates due to uncertainty in the global economy and capital markets.

The growth of the thiamine mononitrate has been hampered due to the COVID-19 pandemic and nationwide lockdown of several non-essential activities and manufacturing facilities. However, the market is anticipated to expand during the forecast period due to the acceptance of new normal conditions and restart of end-use industries in various countries.
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