Thiamine Mononitrate [Vitamin B1] Market Size And Forecast To 2027

The global thiamine Mononitrate [vitamin B1] market is expected to reach USD 778.9 Million by 2027, according to a new report by Reports and Data. The growth of the market is attributed to the growing application of thiamine mononitrate [vitamin B1], a water-soluble vitamin needed to process carbohydrates, fat, and protein.

Thiamine mononitrate [vitamin B1] helps in enhancing the body immunity. It is beneficial in improving the health of the skin, eyes, hair, and liver, along with the prevention of complications in the nervous system, stomach, muscles, and heart, among others. It is required by the body to maintain the proper flow of electrolytes into and out of nerve and muscle cells. Moreover, it aids in preventing several disorders, including beriberi, which involves the nerves, heart, and digestive system.

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  Market Dynamics:

The pharma and healthcare sector has significantly advanced in the recent years and is expected to register steady revenue growth over the forecast period owing to rapid innovations in medical technology, increasing investments, rising healthcare expenditure and high adoption of advanced products and systems. Factors such as rising prevalence of chronic diseases such as diabetes, cancer, cardiovascular diseases, and neurological disorders across the globe, rising cases of coronavirus, improving healthcare infrastructure and research facilities, and increasing adoption of remote patient monitoring services and home care settings are expected to fuel global market revenue growth over the forecast period. In addition, increasing number of hospitals and ambulatory care centers worldwide, high demand for personalized medicine, increasing investments in drug discovery and growing investments by public and private sectors are expected to drive global market growth in the coming years.

  Competitive Landscape:

The report also focuses on details of each market player including its global position, financial standing, revenue generation, company overview, product & service portfolio. The Thiamine Mononitrate [Vitamin B1] market is extremely competitive and consists of several key players at regional and global level. Key players are focused on adopting various strategies such as new product launches, mergers and acquisitions, investments in R&D, partnerships, joint ventures and collaborations to strengthen their market position and enhance product portfolio.

Leading companies operating in the market are:

• BASF SE
• DSM Nutritional Products AG
• Tianjin Golden World Group
• Xinfa Pharmaceutical
• Huazhong Pharmaceutical
• Brother Enterprises Holdings Co. Ltd.
• Jiangsu Jubang
• Pharmaceutical Co. Ltd.
• Jiangxi Tianxin Pharmaceutical Co., Ltd.
• Tianjin Zhongjin Pharmaceutical Co., Ltd.
• Zhejiang Tianxin

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The report also offers detailed insights about market segmentation based on type, application and regional bifurcation:

  Thiamine Mononitrate [Vitamin B1] Market Segmentation:

Grade Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• Food Grade
• Feed Grade
• Pharmaceutical Grade

Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• Online
• Offline

Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)

• Animal Feed
• Food & Beverage
• Pharmaceutical
• Personal care & Cosmetics

Geographic Segment Covered in the Report:

The Thiamine Mononitrate [Vitamin B1] report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (the USA and Canada)
• Europe (UK, Germany, France, and the rest of Europe)
• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)
• Latin America (Brazil, Mexico, and the rest of Latin America)
• the Middle East and Africa (GCC and the rest of the Middle East and Africa)

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  Key market aspects are illuminated in the report:

• Executive Summary: It covers a summary of the most vital studies, the Global Thiamine Mononitrate [Vitamin B1] market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.
• Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Thiamine Mononitrate [Vitamin B1] market, the years measured, and the study points.
• Company Profile: Each Firm well-defined in this segment is screened based on a products, value, SWOT analysis, their ability and other significant features.
• Manufacture by Region: This Global Thiamine Mononitrate [Vitamin B1] report offers data on imports and exports, sales, production and key companies in all studied regional markets.

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