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What key factors are powering the surge in the thiamine market right now?

Rapid expansion has been observed in the thiamine market size over recent years. It is projected to rise from $1.37 billion in 2024 to $1.51 billion in 2025, experiencing a compound annual growth rate (CAGR) of 10.4%. The remarkable growth during the historical period can be ascribed to amplified fortification programs, the proliferation of functional foods, escalating demand for natural and organic sources, augmented desire for functional foods, and intensified fortification undertakings.

How fast Is the thiamine market expected to grow, and what’s its future value?

The thiamine market size is expected to see rapid growth in the next few years. It will grow to $2.21 billion in 2029 at a compound annual growth rate (CAGR) of 10.0%. The growth in the forecast period can be attributed to increasing health awareness, aging population, rising incidence of chronic diseases, consumer preference for natural and organic products, and rising occurrence of lifestyle-related disorders. Major trends in the forecast period include technological advancements, research and development, integration into telemedicine and digital health platforms, research into therapeutic applications, and personalized nutrition approaches.

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What are the leading drivers of growth in the thiamine market?

The surging interest in dietary supplements is predicted to propel the expansion of the thiamine market. Dietary supplements, which can come in forms such as pills, capsules, tablets, powders, or liquids, are designed to enhance a person’s diet. The growing demand for these supplements stems from increased health consciousness, an inclination towards preventive healthcare, and an amplified focus on bolstering the immune system. Thiamine is an integral component of these dietary supplements, ensuring individuals receive an adequate amount of this essential vitamin that is pivotal for a range of bodily functions including energy production, neural health, cardiac performance, digestive processes, managing stress, and maintaining metabolic balance. For example, Nutrition Integrated, a UK-based B2B service, reported in January 2024 that since January 2022, the supply of clear protein powder products has seen a 159% uptick in Europe. Similarly, the UK observed a substantial 216% surge in customer purchases of clear protein powders in 2023 compared to the previous year. Consequently, the escalating demand for dietary supplements is steering the growth of the thiamine market.

What are the key segments defining the thiamine market?

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

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Which leading companies are shaping the growth of the thiamine market?

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., Brother Enterprises Holding Co. Ltd., NOW Health Group Inc., Molekula Group, Nutricost LLC, Solgar Inc., Tokyo Chemical Industry Co. Ltd., HPC Standards GmbH, Puritan’s Pride Inc., Loba Chemie Pvt. Ltd., Aland Nutraceuticals Group, Anhui Tiger Biotech Co. Ltd., Caisson Laboratories Inc., Chemizo Enterprise, General Nutrition Centers Inc., Huazhong Pharmaceutical Co. Ltd.

What are the key trends shaping the future of the thiamine market?

Key players in the thiamine market such as Lupin Limited have been concentrating their efforts on pioneering strategies like the introduction of novel products. An example of this is their development of infusions for vitamin B1 deficiency, which means introducing thiamine, also known as Vitamin B1, directly into patients’ bloodstream through intravenous (IV) delivery. In 2023, Lupin Limited, a pharmaceutical firm based in India, rolled out their thiamine hydrochloride injection (USP) in multiple-dose vials having 200 mg/2 mL (100 mg/mL). This injectable solution presents a rapid and effective substitute for patients who have difficulty in oral absorption owing to severe deficiencies demanding prompt treatment, or conditions like gastrointestinal disorders. This solution offers healthcare providers with a dependable method to govern and renew vitamin B1 levels, possibly reducing risks related to chronic deficiency.

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Which regions are most influential in expanding the thiamine market?

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.

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