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What is the Future CAGR of the Thiamine Market, and How Will It Impact Industry Expansion?

The size of the thiamine market has experienced swift expansion in the past few years. The market size is expected to surge from $1.37 billion in 2024 to $1.51 billion in 2025, with a compound annual growth rate (CAGR) of 10.4%. The significant growth in the previous period is largely due to the rise in fortification initiatives, the expanding market of functional foods, an escalated demand for natural and organic sources, and augmented activities towards food fortification.

Anticipated to experience swift expansion in the upcoming years, the thiamine market is projected to reach $2.21 billion by 2029, with a compound annual growth rate (CAGR) of 10.0%. This projected growth within the forecast period can be linked to the growing health consciousness, the increase in the elderly population, the surge in chronic diseases, the preference for natural and organic products by consumers, and the rise in lifestyle-related diseases. Key trends within this forecast period include advancements in technology, research and development efforts, incorporation into telemedicine and digital health platforms, explorations into potential therapeutic uses, and personalised nutritional strategies.

Which Major Market Drivers Are Expected to Boost the Thiamine Market’s Growth Potential?

The thiamine market is expected to see an uptick in growth due to the escalating demand for dietary supplements. Dietary supplements, products that augment a person’s diet and can be ingested in the form of a pill, capsule, powder, tablet, or liquid, are seeing an increase in demand as a result of increased health consciousness, a shifting preference towards preventative healthcare, and a growing focus on bolstering the immune system. Thiamine serves a significant role in these dietary supplements to ensure individuals get adequate amounts of this essential vitamin. Thiamine is key for various critical bodily processes like energy creation, maintaining nervous system health, heart functionality, digestion, managing stress, and balancing overall metabolism. As an illustrative example, data from Nutrition Integrated, a business-to-business service based in the UK, indicated a 159% increase since January 2022, in the availability of clear protein powder products across Europe. Furthermore, UK consumers’ purchases of clear protein powders spiked 216% in 2023, as compared to 2022. Therefore, the surge in demand for dietary supplements is a key contributor to the growing thiamine market.

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What Are the Top Market Players Propelling the Growth of the Thiamine Industry?

Major companies operating in the thiamine market are:

• BASF SE

• Koninklijke DSM N.V.

• The Nature’s Bounty Co. Ltd.

• Zhejiang Medicine Co. Ltd.

• Swanson Health Products Inc.

What Are the Key Trends to Watch in the Thiamine Market Over the Coming Years?

Leading corporations involved in the thiamine sector are concentrating on the creation of unique items, like vitamin B1 deficiency infusions, in order to maintain their market standing. The term ‘Vitamin B1 deficiency infusion’ denotes the medical process of supplying the body with thiamine (or Vitamin B1) directly via intravenous (IV) infusion. For example, Lupin Limited, a pharmaceutical firm based in India, introduced a thiamine hydrochloride injection in multi-dose vials with a concentration of 200 mg/2 mL (100 mg/mL) in June 2023. This injectable form is an effective and direct substitute for individuals with difficulties in oral absorption due to conditions such as digestive disorders or severe deficiencies demanding urgent care. It presents healthcare practitioners with a dependable tool for regulating and rebuilding Vitamin B1 levels, thereby possibly reducing risks associated with prolonged deficiency.

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What Are the Strategic Segments Comprising the Thiamine Market and Their Growth Contributions?

The thiamine market covered in this report is segmented –

1) By Product Type: Thiamine Mononitrate, Thiamine Hydrochloride, Thiamine Pyrophosphate

2) By Form: Tablets And Capsules, Liquid, Powder

3) By Application: Food And Beverages, Pharmaceuticals, Animal Feed, Dietary Supplements, Other Applications

Subsegmennts:

1) By Thiamine Mononitrate: Powder, Granules, Tablets

2) By Thiamine Hydrochloride: Powder, Injectable Form, Tablets

3) By Thiamine Pyrophosphate: Powder, Injectable Form

What Regions Are Dominating the Thiamine Market Growth?

Asia-Pacific was the largest region in the thiamine market in 2024. The regions covered in the thiamine market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

How Do Experts Define the Scope of the Thiamine Market?

Thiamine, or Vitamin B1, is a vital water-soluble nutrient within the B-complex group, essential for carbohydrate metabolism and nerve function. It is crucial for maintaining overall health and proper physiological functions, particularly those related to energy metabolism and neurological health.

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