The global vitamin B market is anticipated to grow at a considerable CAGR of 5.1% during the forecast period. According to Amway, in Asian countries, competition at work is always high and some employees may find themselves working long hours at the office, and these extra workloads can ultimately result in fatigue. The consumers tend to reach for readily available foods regardless of their nutritional value. As a result of which, the consumers are not giving body the nutrients that are supposed to aid them conquer each day. A joint report by the World Health Organization (WHO) and the United Nations Food and Agriculture Organization (UN FAO), nearly 75% of the people across the globe are not meeting the minimum daily recommended serving of 400 grams or five servings of fruits and vegetables daily.
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Thus, the various launches by key players across the globe to support people live better healthy lives is boosting the market growth over the forecast. For instance, in May 2019, Amway announced the launch of Nutrilite b vitamin for busy adults to fill dietary gaps, block fatigue, and others. Moreover, in December 2021, GC Pharma launched a new high-content multivitamin called B-max Meta B. B-max Meta B contains 30 milligrams of bisbentiamine that passes through the blood brain barrier to assist the human brain’s metabolism, the company said. The product also has high amounts of vitamin B12, vitamin D, magnesium, and zinc to aid people in controlling their health. Additionally, in August 2019, Vita Miracle announced the launch of its new B vitamin complex tablets on Amazon. The manufacturer claims that this ultra-potent formulation is an effective source of all the essential B complex vitamins, including B1, B2, niacin, folic acid, biotin, pantothenic acid, choline bitartrate, inositol, para-aminobenzoic acid and B12. Each bottle of the product contains 100 tablets.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill Inc., and others
Global Vitamin B Market Report Segment
By Type
- Pre-Processing
- Processing
- Packaging
By Mode of Operation
- Fully Automatic
- Semi-Automatic
- Manual
By Application
- Bakery & Confectionery Products
- Dairy & Refrigerated Products
- Snacks & Savory Products
- Meat & Seafood Products
- Ready-To-Eat Products
- Sauces, Dressings, and Condiments
Global Vitamin B Market Report Segment by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Rest of the World
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global vitamin B market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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