City of Industry, CA -- (SBWIRE) -- 07/06/2018 -- This report studies the global Vitamin B1 (Thiamine Mononitrate) market status and forecast, categorizes the global Vitamin B1 (Thiamine Mononitrate) market size (value & volume) by key players, type, application, and region. This report focuses on the top players in North America, Europe, Asia-Pacific, South America, and Middle East & Africa.

Vitamin B1, which a vitamin found in food and used as a dietary supplement. As a supplement, it is used to treat and prevent thiamine deficiency and disorders that result from it, including beriberi, Korsakoff's syndrome, and Korsakoff's psychosis. Other uses include maple syrup urine disease and Leigh's disease. It is taken by mouth or by injection. It is also widely used in feed industry as a supplement.

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This report studies the Vitamin B1 market, which a vitamin found in food and used as a dietary supplement. As a supplement, it is used to treat and prevent thiamine deficiency and disorders that result from it, including beriberi, Korsakoff's syndrome, and Korsakoff's psychosis. Other uses include maple syrup urine disease and Leigh's disease. It is taken by mouth or by injection. It is also widely used in feed industry as a supplement.

Vitamin B1, or Thiamine normally appears as the form of Thiamine Mononitrate, or it can be converted to Thiamine Hydrochloride which is used for specific use. The report covers both Thiamine Mononitrate in its original form or its derivative Thiamine Hydrochloride. Thiamine Hydrochloride type product takes 31.22% share of global market in terms of sales volume. The price of Hydrochloride type is a bit higher than Mononitrate type, but the gap is not significant.

The Thiamine production is mainly concentrated in China. Leading suppliers in China, Brother Enterprises, Huazhong Pharma and Zhejiang Tianxin takes a majority share of global open market. DSM also produce Thiamine but mainly for captive use. Huazhong Pharma is the largest supplier in the worldwide in terms of sales volume. Brother Enterprises, Huazhong Pharma and Zhejiang Tianxin has long been competing on the export of Vitamin B1. Currently, the competitive landscape is relatively stable, with no significate capacity change or new entrance.

The price of Thiamine was around 20-30 USD/Kg during 2012 to 2014, due to the fierce competition among manufacturers. Since 2015, the manufacturers are facing pressure from environmental policy. Manufacturing cost lifted, while supply ability stagnated. The price of Thiamine increased 32% in 2015, and 42% in 2016. It is forecasted the price of Thiamine would keep high in the coming years due to the lack of supply. The Global Vitamin B1 market volume was 7791 MT in 2016 and it will be 9981 MT in 2023, with a Growth Rate of 3.60% from 2016 to 2023.

The global Vitamin B1 (Thiamine Mononitrate) market is valued at 560 million US$ in 2017 and will reach 810 million US$ by the end of 2025, growing at a CAGR of 4.7% during 2018-2025.

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The major manufacturers covered in this report

Brother Enterprises

Huazhong Pharma

Zhejiang Tianxin

DSM

Geographically, this report studies the key regions, focuses on product sales, value, market share and growth opportunity in these regions, covering

North America

Europe

China

Japan

Southeast Asia

India

On the basis of product, this report displays the production, revenue, price, market share and growth rate of each type, primarily split into

Thiamine Nitrate Type

Thiamine Hydrochloride Type

On the basis of the end users/applications, this report focuses on the status and outlook for major applications/end users, consumption (sales), market share and growth rate for each application, including

Feed Additive

Food Additive

Pharmaceutical, Supplement and Cosmetics

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