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Thiamine Market Report, Size, Share Analysis And Outlook By 2033
Thiamine Market Report
As per the report, the thiamine market size has grown strongly in recent years. It will grow from $1.24 billion in 2023 to $1.37 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The thiamine market size is expected to see rapid growth in the next few years. It will grow to $2.01 billion in 2028 at a compound annual growth rate (CAGR) of 10.2%.
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Impact Of Increasing Demand For Ditary Supplements On The Thiamine Market
The increasing demand for ditary supplements is expected to boost the growth of the thiamine market going forward. A ditary supplement is a manufactured product intended to supplement a person's diet by taking a pill, capsule, tablet, powder, or liquid. The rising demand for ditary supplements is due to heightened health awareness, a growing preference for preventive healthcare, and an increasing emphasis on immune system support. Thiamine is included in ditary supplements to guarantee sufficient intake of this essential vitamin, which is crucial for vital bodily functions such as energy production, nervous system health, heart function, digestion, stress management, and overall metabolic equilibrium. For instance, in 2021, according to the CRN Consumer Survey on Ditary Supplements conducted by the Council for Responsible Nutrition, a US-based trade association for ditary supplements, the number of Americans using dieary supplements increased from 73% in 2020 to 80% in 2021. Therefore, increasing demand for ditary supplements is driving the growth of the thiamine market.
Innovative Thiamine Infusion Products For Vitamin B1 Deficiency Management
Major companies operating in the thiamine market are focused on developing innovative products, such as vitamin B1 deficiency infusions, to sustain their position in the market. Vitamin B1 deficiency infusion refers to the therapeutic administration of thiamine (Vitamin B1) directly into the bloodstream via intravenous (IV) delivery. For instance, in June 2023, Lupin Limited, an Indian-based pharmaceutical company, launched thiamine hydrochloride injection (USP) in multiple-dose vials containing 200 mg/2 mL (100 mg/mL). This injectable solution offers a direct and efficient alternative for patients with oral absorption challenges, such as gastrointestinal disorders or severe deficiencies needing urgent treatment. It provides healthcare providers with a reliable means to manage and restore vitamin B1 levels, potentially mitigating risks linked to prolonged deficiency.
The thiamine market covered in this report is segmented -
1) By Product Type: Thiamine Mononitrate, Thiamine Hydrochloride, Thiamine Pyrophosphate
2) By Form: Tablets And Capsules, Liquid, Powder
3) By Application: Food And Beverages, Pharmaceuticals, Animal Feed, Ditary Supplements, Other Applications
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Major companies operating in the thiamine market are BASF SE, Koninklijke DSM N.V., The Nature's Bounty Co. Ltd., Zhejiang Medicine Co. Ltd., Swanson Health Products Inc., Brother Enterprises Holding Co. Ltd., NOW Health Group Inc., Molekula Group, Nutricost LLC, Solgar Inc., Tokyo Chemical Industry Co. Ltd., HPC Standards GmbH, Puritan's Pride Inc., Loba Chemie Pvt. Ltd., Aland Nutraceuticals Group, Anhui Tiger Biotech Co. Ltd., Caisson Laboratories Inc., Chemizo Enterprise, General Nutrition Centers Inc., Huazhong Pharmaceutical Co. Ltd.
Contents of the report:
1. Executive Summary
2. Thiamine Market Report Structure
3. Thiamine Market Trends And Strategies
4. Thiamine Market - Macro Economic Scenario
5. Thiamine Market Size And Growth
…..
27. Thiamine Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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