Global Vitamin B-complex Ingredients Market 2015-2019
About Vitamin B-complex
Vitamins are organic compounds that are required by living organisms in minute quantities to maintain a normal metabolic activity. These compounds usually cannot be synthesized by the organism and have to be obtained through external sources. The term “vitamin” is a generic descriptor for a group of chemical compounds or ingredients that have similar molecular structure and have the capability to perform the required vitamin-activity. These chemical compounds or vitamin ingredients are often called as vitamers. There are thirteen different known types of vitamins with each type having multiple vitamers. Vitamin B-complex refers to a group of water-soluble vitamers that although co-exist together are distinct in chemical structure and functions.
The demand for vitamins, and particularly for Vitamin B ingredients, has been on a continuous rise over the past two decades, owing to radical changes in lifestyles and diet patterns. Vitamin B disorders are often associated with either genetic causes or processed food consumption. This has led to a huge market for Vitamin B supplements and their associated ingredients. This report intends to capture the market dynamics of Vitamin B-complex ingredients trade in various end use segments.
Technavio's analysts forecast the global Vitamin B-complex ingredients market to grow at a CAGR of 4.03% during 2014-2019.
Covered in this Report
The report presents data on the following segments of the market:
Technavio Announces the Publication of its Research Report – Global Vitamin B-complex Ingredients Market 2015-2019
Technavio recognizes the following companies as the key players in the Global Vitamin B-complex Ingredients Market: Adisseo France, ADM, Amway, BASF, DSM, DuPont Danisco and Lonza Group
Other Prominent Vendors in the market are: AIE Pharmaceuticals, Aland (Jiangsu) Nutraceutical, Atlantic Essential Products, Bactolac Pharmaceutical, Bluebonnet Nutrition, Glanbia Nutritionals Deutschland, Kirkman Group, Lonza Group, Nattopharma, NBTY, Nulab, Nutrilo, ParkAcre Enterprises, Pfizer, Private Label Nutraceuticals, Sanofi, Thorne Research and Vertellus Specialties
Commenting on the report, an analyst from Technavio’s team said: “Vitamin B-complex ingredients are slowly merging into the daily food segment; this broadens the scope of the market. Fortified foods are foods that are artificially enriched with essential micronutrients. Consumers are moving away from consuming vitamins as such, and toward the use of foods strengthened with vitamin and multivitamin B-complex ingredients. These fortified foods help prevent vitamin deficiencies and diseases caused due to a deficiency.”
According to the report, the demand for vitamins, and consequently for vitamin B-complex ingredients, has been on a continuous rise over the past two decades, primarily on account of radical changes in lifestyles and diet patterns. Vitamin deficiency can also occur because of genetic disorders and modern food processing techniques. The number of vitamin deficiency cases is on the rise and is likely to lead to an increase in health disorders, and, subsequently, in the consumption of vitamin supplements.
Further, the report states that one of the challenges hindering the growth of the market is inordinate prices of end-products.
Adisseo France, ADM, Amway, BASF, DSM, DuPont Danisco, Lonza Group, AIE Pharmaceuticals, Aland (Jiangsu) Nutraceutical, Atlantic Essential Products, Bactolac Pharmaceutical, Bluebonnet Nutrition, Glanbia Nutritionals Deutschland, Kirkman Group, Lonza Group, Nattopharma, NBTY, Nulab, Nutrilo, ParkAcre Enterprises, Pfizer, Private Label Nutraceuticals, Sanofi, Thorne Research, Vertellus Specialties