Thiamine Market Size – By Product Type, Form, Application Analysis, Share, Growth Forecast, 2025-2034

Thiamine Market Size

The global thiamine market size was valued at USD 1.2 billion in 2024 and is estimated to grow at a CAGR of over 7.3% from 2025 to 2034. The market, also known as Vitamin B1, has demonstrated consistent growth over the years, driven by its indispensable role in supporting human health and well-being. As an essential nutrient, thiamine is pivotal in facilitating energy metabolism, ensuring proper nerve function, and aiding in the synthesis of DNA and RNA.
 

With a growing global emphasis on maintaining a balanced and nutrient-rich diet, the demand for thiamine supplements and fortified food products has witnessed a significant uptrend. This increase in demand is further supported by rising health consciousness and awareness of nutritional deficiencies among consumers.
 

The market's versatility is evident through its wide-ranging applications across key industries, including pharmaceuticals, food and beverages, and animal feed. In the pharmaceutical sector, thiamine is extensively employed to combat conditions associated with its deficiency, such as beriberi, a disorder affecting the nervous and cardiovascular systems, and Wernicke-Korsakoff syndrome, a neurological disorder often linked to chronic alcoholism. It is also an integral component in various multivitamin formulations designed to address broader nutritional needs.
 

In the food and beverage industry, thiamine plays a crucial role in enhancing the nutritional profile of numerous products. It is frequently added to staple items such as cereals, bread, and nutritional supplements, ensuring these foods contribute significantly to daily dietary requirements. As consumers increasingly prioritize fortified foods, manufacturers are innovating to incorporate thiamine into diverse offerings, thereby boosting its market penetration.
 

Thiamine Market Trends

A prominent trend is the increasing consumer awareness of the significance of thiamine in maintaining optimal health. This heightened awareness is driving the demand for thiamine-enriched products, including dietary supplements and fortified foods, as individuals seek to address nutritional gaps in their diets.
 

Moreover, the market is experiencing a surge in research and development activities focused on enhancing thiamine formulations, leading to innovations that cater to diverse consumer needs. Another notable trend is the integration of thiamine into functional foods and beverages, aligning with the broader shift toward wellness-oriented and functional nutrition. Manufacturers are leveraging the versatility of thiamine to enhance the nutritional profile of various products, including cereals, energy drinks, and snacks.
 

Thiamine Market Analysis

The thiamine (Vitamin B1) industry is experiencing steady growth, driven by increasing health awareness and the rising prevalence of nutrient deficiencies globally. A key growth driver is the expanding use of thiamine in fortified food products, dietary supplements, and pharmaceutical formulations to address conditions like beriberi and Wernicke-Korsakoff syndrome. The demand for thiamine-enriched cereals, bread, and beverages is further fueled by consumer interest in balanced diets. Additionally, its role in animal feed to promote livestock health and prevent deficiencies adds to market expansion.
 

Upcoming applications include its integration into functional foods and beverages targeting specific health needs, such as energy metabolism and cognitive enhancement. The increasing adoption of clean-label and nutraceutical products also presents growth opportunities, reflecting evolving consumer preferences for natural and health-focused solutions.
 

The thiamine market from thiamine mononitrate segment held over USD 677.8 million in 2024, and it is anticipated to expand 7% of CAGR during 2025 to 2034. Thiamine mononitrate holds a dominant position in the thiamine market due to its superior stability and versatility across diverse applications. As a more stable derivative of thiamine, it resists degradation from environmental factors like heat and light, making it an ideal choice for food fortification and pharmaceutical formulations. It is widely used in the production of fortified cereals, bread, and nutritional supplements, ensuring the delivery of essential nutrients to consumers.
 

In the pharmaceutical industry, thiamine mononitrate is a preferred ingredient in multivitamin tablets and injectables for treating thiamine deficiency-related conditions. Additionally, its inclusion in animal feed formulations promotes livestock health and productivity. The compound's reliability, compatibility with other ingredients, and ease of incorporation into various products contribute to its market dominance.
 

The tablets and capsules segment dominates the thiamine market by generating revenue USD 741.9 million in 2024 and is projected to witness 7% CAGR from 2025 to 2034, due to their convenience, precise dosing, and widespread availability. These formats are highly preferred in pharmaceutical and nutraceutical applications, offering an effective solution for addressing thiamine deficiencies.
 

Tablets are particularly popular for their cost-effectiveness and ease of mass production, making them a staple in healthcare systems and retail markets globally. Capsules, on the other hand, appeal to consumers seeking faster absorption and reduced gastrointestinal irritation. Their portability and long shelf life further enhance their dominance. Additionally, the growing trend toward personalized nutrition drives the demand for these user-friendly delivery formats.
 

In the application segment food and beverages dominates the thiamine market by generating revenue USD 493.9 million in 2024 and is anticipated to record over 6.9% CAGR through 2034, due to its extensive use in fortified food products and nutritional supplements. Thiamine is frequently added to staple foods such as cereals, bread, and energy drinks to enhance their nutritional profile, addressing widespread nutrient deficiencies.
 

As consumer demand for healthier food options and fortified products grows, manufacturers are incorporating thiamine into a broader range of offerings, including plant-based alternatives and functional beverages. This dominance is reinforced by regulatory mandates in many countries requiring thiamine fortification in staple foods, ensuring widespread consumption and sustained market demand.
 

China thiamine market held over USD 198.4 million in 2024 and expected to grow at a 6.9% CAGR till 2034, owing to its status as a leading producer and exporter of thiamine and related compounds. The country benefits from cost-effective manufacturing processes, abundant raw materials, and well-established production infrastructure, enabling it to supply thiamine at competitive prices.
 

Additionally, China's strong pharmaceutical and food processing industries drive domestic demand, further solidifying its market leadership. The nation's focus on expanding exports, supported by favorable trade policies and robust supply chains, ensures a steady global supply. China's dominance is also bolstered by its investment in research and development, enabling innovations in thiamine production and applications.  
 

Thiamine Market Share

The competitive landscape of the thiamine industry is shaped by several key players, including BASF, DSM, and Lonza Group AG, which are prominent leaders in the global production of thiamine and other vitamins. BASF and DSM leverage their extensive R&D capabilities and large-scale manufacturing to offer high-quality thiamine, catering to the pharmaceutical, food and beverage, and animal feed industries. These companies also focus on product innovation and the growing demand for fortified foods.
 

Chemizo Enterprise and Jiangsu Jubang Pharmaceutical provide competitive pricing, particularly in Asia, benefiting from strong domestic production capabilities and distribution networks. Huazhong Pharmaceutical and HPC Standards focus on producing thiamine for pharmaceutical uses, particularly addressing deficiencies and medical applications. McCartan’s Pharmacy and Nutricost primarily operate in the retail and supplement markets, offering thiamine products that target health-conscious consumers, with an emphasis on easy access and affordability. The market is highly competitive, with companies focusing on innovation, pricing, and strategic partnerships to maintain a strong market presence.
 

Thiamine Market Companies

Major players operating in the thiamine industry are:

•  BASF
• DSM
• Chemizo Enterprise
• Lonza Group AG
• Jiangsu Jubang Pharmaceutical
• Huazhong Pharmaceutical
• HPC Standards
• McCartan’s Pharmacy
• Nutricost
• PharmoVit
• Molekula Group
• Caisson Labs
• Brother Enterprises Holding
• Loba Chemie
• TCI Chemicals
   

Thiamine Market News

• In October 2023, Lonza extended its GMP filling line to facilitate the commercial production of antibody-drug conjugates.
   
• In January 2023, BASF and Cargill entered into a partnership aimed at offering high-performance enzyme solutions to animal protein producers in the United States. 
   

This thiamine market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue (USD Billion) & volume (Kilo Tons) from 2021 to 2034, for the following segments:

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Market, By Product type

• Thiamine mononitrate
• Thiamine hydrochloride
• Thiamine pyrophosphate

Market, By Form

• Tablets & Capsules
• Liquid
• Powder

Market, By Application

• Food & Beverages
• Pharmaceutical
• Animal feed
• Dietary supplements
• Other 

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • UK
  • Germany
  • France
  • Italy
  • Spain
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Australia

• Latin America
  • Brazil
  • Mexico

• MEA
  • UAE
  • Saudi Arabia
  • South Africa