Market Overview:
The global nitrate vitamin B1 market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for nitrate vitamin B1 in feed additive, food additive, and nutritional supplements applications. Nitrate vitamin B1 is also used as a colorant and preservative in food products. North America dominates the global nitrate vitamin B1 market due to the presence of key players operating in this region and rising demand for processed foods.
Product Definition:
Nitrate Vitamin B1 is an essential nutrient for humans and animals. It helps the body produce energy from food, regulates blood sugar levels, and maintains a healthy nervous system.
Food Grade:
Food grade is the term used for products that are intended for human consumption. It has no other use than to be consumed by humans. The products that fall under this category include edible oils, butter, milk & cream, meat & poultry items like chicken and eggs along with processed food items like bread flour and cornflakes.
The nitrate vitamin B1 market is driven by factors such as growing population coupled with increasing disposable income of consumers in emerging economies including China.
Feed Grade:
Feed grade is the highest quality available in the market. It has high nutritional value and contains all the essential amino acids required for poultry nutrition. It also contains vitamins, minerals and proteins which are beneficial to animal health. Feed grade is used for producing high-quality meat products such as chicken, turkey and duck among others which have higher demand from end-use industries such as restaurants etc.
Application Insights:
Feed additive was the largest application segment in 2017 and is projected to maintain its dominance over the forecast period. It is a vital component in animal nutrition as it helps in maintaining optimum health condition of animals. In feed industry, it is used as a food supplement for cattle, swine and poultry species. The product has an important role during fermentation process where nitrogen balance needs to be restored for producing high-quality protein products from grains or seeds.
Nitrogen plays an essential role in plant growth & development, fruiting processes & quality attributes of vegetables & fruits among others which requires constant supply from soil to plants for performing various functions such as nutrient uptake by roots, water holding capacity etc.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global consumption as well as production. China, India, Japan, South Korea and Taiwan are some of the major producers/suppliers in this region. Asia Pacific is also one of the most lucrative regions for food-grade nitrate vitamin B1 due to high demand from various end-use industries such as meat processing and confectionery manufacturing coupled with rising disposable income levels among consumers.
The growth in emerging economies has led to an increase in urbanization along with industrialization leading to higher air pollution levels which have resulted into rise concerns regarding health issues such as lung cancer among others (Harmon et al., 2016). This has resulted into an increased demand for dietary supplements that help improve overall nutritional status thereby driving industry growth over the forecast period.
Growth Factors:
- Increasing awareness about the benefits of nitrate vitamin B1 is expected to drive the market growth.
- Rising demand for dietary supplements is another key factor that is anticipated to fuel the market growth in the near future.
- Growing geriatric population is also likely to boost the demand for nitrate vitamin B1 in coming years.
- Increasing prevalence of chronic diseases such as diabetes and heart diseases are also projected to propel the market growth over next few years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Nitrate Vitamin B1 Market Research Report
By Type
Food Grade, Feed Grade, Pharmaceutical Grade, Other
By Application
Feed Additive, Food Additive, Nutritional Supplements, Other
By Companies
DSM, Brother Enterprises, Huazhong Pharma, Jiangxi Tianxin Pharmaceutical
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Nitrate Vitamin B1 Market Report Segments:
The global Nitrate Vitamin B1 market is segmented on the basis of:
Types
Food Grade, Feed Grade, Pharmaceutical Grade, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Feed Additive, Food Additive, Nutritional Supplements, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- DSM
- Brother Enterprises
- Huazhong Pharma
- Jiangxi Tianxin Pharmaceutical
Highlights of The Nitrate Vitamin B1 Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Food Grade
- Feed Grade
- Pharmaceutical Grade
- Other
- By Application:
- Feed Additive
- Food Additive
- Nutritional Supplements
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Nitrate Vitamin B1 Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Nitrate vitamin B1 is a water soluble vitamin that helps the body convert food into energy. It is also important for maintaining blood pressure and healthy blood sugar levels.
Some of the major companies in the nitrate vitamin b1 market are DSM, Brother Enterprises, Huazhong Pharma, Jiangxi Tianxin Pharmaceutical.
The nitrate vitamin b1 market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nitrate Vitamin B1 Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Nitrate Vitamin B1 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nitrate Vitamin B1 Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Nitrate Vitamin B1 Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Nitrate Vitamin B1 Market Size & Forecast, 2020-2028
4.5.1 Nitrate Vitamin B1 Market Size and Y-o-Y Growth
4.5.2 Nitrate Vitamin B1 Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Food Grade
5.2.2 Feed Grade
5.2.3 Pharmaceutical Grade
5.2.4 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Feed Additive
6.2.2 Food Additive
6.2.3 Nutritional Supplements
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nitrate Vitamin B1 Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Nitrate Vitamin B1 Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Food Grade
9.6.2 Feed Grade
9.6.3 Pharmaceutical Grade
9.6.4 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Feed Additive
9.10.2 Food Additive
9.10.3 Nutritional Supplements
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Food Grade
10.6.2 Feed Grade
10.6.3 Pharmaceutical Grade
10.6.4 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Feed Additive
10.10.2 Food Additive
10.10.3 Nutritional Supplements
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Food Grade
11.6.2 Feed Grade
11.6.3 Pharmaceutical Grade
11.6.4 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Feed Additive
11.10.2 Food Additive
11.10.3 Nutritional Supplements
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Food Grade
12.6.2 Feed Grade
12.6.3 Pharmaceutical Grade
12.6.4 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Feed Additive
12.10.2 Food Additive
12.10.3 Nutritional Supplements
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Food Grade
13.6.2 Feed Grade
13.6.3 Pharmaceutical Grade
13.6.4 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Feed Additive
13.10.2 Food Additive
13.10.3 Nutritional Supplements
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Nitrate Vitamin B1 Market: Competitive Dashboard
14.2 Global Nitrate Vitamin B1 Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 DSM
14.3.2 Brother Enterprises
14.3.3 Huazhong Pharma
14.3.4 Jiangxi Tianxin Pharmaceutical
