How Has the Thiamine Market Size Evolved in Recent Years?
The thiamine market has seen considerable growth due to a variety of factors.
• The thiamine market has experienced rapid growth in recent years, expected to increase from $1.37 billion in 2024 to $1.51 billion in 2025, at a compound annual growth rate (CAGR) of 10.4%.
This growth can be attributed to an increase in fortification programs, expansion of functional foods, a rising demand for natural and organic sources, and enhanced fortification efforts.
What Is The Forecast For The Thiamine Market Size?
The thiamine market is expected to maintain its strong growth trajectory in upcoming years.
• The thiamine market is expected to reach $2.21 billion by 2029 at a CAGR of 10.0%.
Growth is fueled by rising health awareness, the aging population, increasing chronic diseases, and a preference for natural products. Key trends include advancements in research and development, integration into digital health platforms, personalized nutrition approaches, and therapeutic applications.
What Are The Essential Drivers Behind The Growth Of The Thiamine Market?
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.
How Is The Global Thiamine Market Divided Into Key Segments?
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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How Are Emerging Trends Reshaping The Dynamics Of The Thiamine Market?
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.
Who Are the Key Players In 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 Regional Insights Into 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.
