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Thiamine Market Trends

Report ID: GMI7706
Published Date: Dec 2023
Report Format: PDF

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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.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The market size of thiamine reached USD 1.16 billion in 2023 and is set to be worth USD 2.19 billion by 2032, owing to its rising demand for maintaining human health.

Thiamine mononitrate industry generated USD 593 million in 2023, driven by widespread application in the pharmaceutical sector for addressing thiamine deficiency-related conditions.

Asia Pacific market size was over USD 407.1 million in 2023, attributed to the evolving dietary habits and the changing lifestyles.

Some major thiamine firms are BASF, DSM, Chemizo Enterprise, Lonza Group AG, Jiangsu Jubang Pharmaceutical Co., Ltd., Huazhong Pharmaceutical, HPC Standards, McCartan’s Pharmacy, Caisson Labs, Brother Enterprises Holding Co., Ltd, and TCI Chemicals.