Press release
Global Vitamin B Complex Ingredients Market Size Analysis 2022, Top Regions, Key Players and Investments Opportunities Forecast to 2028
The global Vitamin B complex ingredients market is anticipated to grow at a significant CAGR 3% 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.
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.
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Market Coverage
• The market number available for - 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Application
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o 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?
o Deviation from the pre-COVID-19 forecast
o 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?
A full report of Global Vitamin B Complex Ingredients Market is available at:
https://orionmarketreports.com/global-vitamin-b-complex-ingredients-market/95213/
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
Company name: Orion Market Reports
Contact person: Mr. Anurag Tiwari
Email: info@orionmarketreports.com
Contact no: +91 780-304-0404
About us:
Orion Market Reports (OMR) endeavors to provide exclusive blend of qualitative and quantitative market research reports to clients across the globe. Our organization helps both multinational and domestic enterprises to bolster their business by providing in-depth market insights and most reliable future market trends. Our reports address all the major aspects of the markets providing insights and market outlook to global clients.
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