The global Vitamin B pyridoxine market is expected to grow at a significant CAGR of 5.2% during the forecast period (2022-2028). Vitamin B6 is a water-soluble nutrient. Pyridoxine, pyridoxamine, pyridoxal, and their phosphorylated variants are all examples of it. Organ meats, fish, potatoes, and other starchy vegetables, nuts, and non-citrus fruits are all good sources of vitamin B6. Vitamin B6 is an essential coenzyme for protein metabolism. Vitamin B6 is required for the production of several hormones and neurotransmitters, including serotonin, adrenalin, dopamine, histamine, and GABA.
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It keeps homocysteine from forming in the blood. Vitamin B6 deficiency can cause dermatitis, anemia, and a weaker immune system. During the forecast period, food fortification with vitamins is a prominent driver for the vitamin B6 (pyridoxine) market. Vitamin B6 aids chemical reactions in the immune system, allowing it to function more effectively. Vitamin B6-rich foods aid the body’s defense against infection. Low levels of vitamin B6 have been associated with a poor immunological response in older persons in studies.
The key companies operating in the industry are highly inclined towards the adoption of different growth strategies including capacity expansion, partnerships, mergers and acquisitions, geographical expansion, new product launch, and product innovation to remain competitive in the marketplace. For instance, Only Me, an online examination for personalized vitamin supplement solutions, was launched by The Vitamin Shoppe in September 2019. The Vitamin Shoppe launched Vthrive -The Vitamin Shoppe Brand, a new line of premium vitamin supplements, in January 2020. Further, Vita Miracle, a manufacturer of high-quality health and wellness products, launched its new B Vitamin Complex Tablets on Amazon in August 2019. According to the manufacturer, this ultra-potent solution contains all of the important B complex vitamins.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Form
- By Application
- By Distribution Channel
- Regions covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape: DSM N.V, Amway, Glanbia PLC, BASF SE among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Vitamin B Pyridoxine Market – Segmentation
By Form
- Powder
- Tablets
- Capsules
- Others (Syrups)
By Application
- Food and beverages
- Pharmaceuticals
- Cosmetics
By Distribution Channel
- Online
- Offline
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