Thiamine Market Size - By Product Type (Thiamine mononitrate, Thiamine hydrochloride, Thiamine pyrophosphate), Form (Tablets & Capsules, Liquid, Powder), Application (Food & Beverages, Pharmaceutical, Animal Feed, Dietary Supplements) & Forecast, 2024 – 2032

Thiamine Market Size

Thiamine Market size was valued at USD 1.16 billion in 2023 and is estimated to expand at 7.3% CAGR from 2024 to 2032. The market, also known as Vitamin B1, has experienced steady growth driven by its crucial role in maintaining human health. Thiamine is an essential nutrient that plays a fundamental role in energy metabolism, nerve function, and the synthesis of DNA and RNA. As awareness of the importance of a balanced diet increases globally, the demand for thiamine supplements and fortified food products has risen.
 

The market is characterized by its diverse applications in the pharmaceutical, food and beverage, and animal feed industries. In the pharmaceutical sector, thiamine is widely used to address thiamine deficiency-related conditions, such as beriberi and Wernicke-Korsakoff syndrome. The food and beverage industry incorporates thiamine into various products, including cereals, bread, and nutritional supplements, to enhance nutritional value. Additionally, the animal feed sector utilizes thiamine to promote livestock health and prevent deficiency-related diseases.

Despite the critical role of thiamine in supporting essential bodily functions, including energy metabolism and nerve health, there exists a lack of awareness among consumers in specific geographic areas. In these regions, nutritional education and awareness campaigns may be insufficient or nonexistent, hindering the understanding of the importance of thiamine in maintaining overall health. This knowledge gap not only impacts consumer choices but also poses obstacles for manufacturers and suppliers attempting to promote thiamine-enriched products.
 

In areas where dietary practices may not prioritize thiamine-rich foods or where the prevalence of thiamine deficiency-related disorders is not well-documented, thiamine market penetration becomes challenging. Health-conscious trends and nutritional awareness campaigns may be more prevalent in certain regions, leaving others underserved and less likely to incorporate thiamine into their diets consciously. Bridging this awareness gap requires targeted educational initiatives, marketing strategies, and collaborations with healthcare professionals to emphasize the significance of thiamine supplementation and fortification.
 

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

Based on product type, the thiamine mononitrate segment dominated around USD 593 million revenue in 2023. Thiamine mononitrate, a stable form of thiamine, holds a significant market share owing to its widespread application in the pharmaceutical industry for addressing thiamine deficiency-related conditions. Its stability and versatility make it a preferred choice for various pharmaceutical formulations, bolstering its market dominance.
 

Based on form, the tablets & capsules form segment accounted for 59.6% of the thiamine market share in 2023. Tablets and capsules represent a substantial portion of the market share, driven by their convenience, ease of consumption, and precise dosage control. This form is widely favored in the pharmaceutical and dietary supplement sectors, where thiamine is incorporated into daily regimens to address deficiencies and promote overall health.
 

Based on application, the market is segmented as Food & Beverages, Pharmaceutical, Animal Feed, Dietary Supplements and Other. The food and beverage sector commands a substantial market share, as thiamine finds widespread application in fortifying various products such as cereals, bread, and nutritional supplements. The growing emphasis on nutritional enrichment and consumer demand for health-conscious choices within the food and beverage industry propels the market share of thiamine in this segment.
 

Asia Pacific thiamine market size held over USD 407.1 million in 2023, attributed to several factors, including its vast population, increasing awareness of health and wellness, and rising disposable income. As dietary habits evolve in response to changing lifestyles and a growing focus on nutrition, the demand for thiamine-rich products, such as fortified foods and dietary supplements, has surged in the Asia Pacific region.
 

Countries within Asia Pacific are witnessing a notable uptick in pharmaceutical and food and beverage industries, both key sectors where thiamine plays a pivotal role. The prevalence of thiamine deficiency-related health conditions in certain demographics further drives the demand for thiamine-enriched pharmaceutical formulations.
 

Thiamine Market Share

Global giants such as BASF, DSM, and Lonza Group AG stand out as major players, leveraging their extensive resources and research capabilities to shape the market. These companies, with their broad market presence, are key contributors to the development and supply of thiamine in various forms, catering to pharmaceutical, food, and dietary supplement sectors.
 

Regional players like Jiangsu Jubang Pharmaceutical Co., Ltd., Huazhong Pharmaceutical, and Chemizo Enterprise bring localized expertise and market insights, contributing to the regional dynamics of the market. Their presence is integral to meeting the specific demands of diverse consumer bases and industries within their respective regions.
 

Thiamine Market Companies

Some of the major companies operating in the thiamine industry are:

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

Thiamine Industry 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.
   

The thiamine market research report includes an in-depth coverage of the industry with estimates & forecast in terms of revenue in USD Million & Kilo Tons from 2018 to 2032, 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 and Beverages
  • Bakery & Confectionery
  • Dairy products
  • Infant Formula
  • Snacks & Convenience Foods
  • Other 
• Pharmaceutical
• Animal Feed
  • Poultry
  • Swine
  • Cattle
  • Aquaculture
  • Pet Food
  • Equine
  • Other
• Dietary Supplements
• Other

The above information has been provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
  • Indonesia
  • Malaysia 
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Egypt