The global Vitamin B5 market stood at approximately 48 thousand tonnes in 2023 and is anticipated to grow at a CAGR of 5.1% during the forecast period until 2034.
Vitamin B5, also known as pantothenic acid, finds diverse industrial applications owing to its pivotal role as a precursor in biochemical processes. In the cosmetics and personal care industry, pantothenic acid's moisturizing properties make it a sought-after ingredient in skincare and hair care products, contributing to enhanced skin hydration and hair health. Within pharmaceuticals, it serves as a fundamental component of coenzyme A (CoA), pivotal for fatty acid synthesis and various metabolic pathways, thus featuring prominently in medications and supplements targeting metabolic disorders or deficiencies. Furthermore, pantothenic acid plays a vital role in animal nutrition, added as a supplement to livestock feed to ensure optimal growth and health by supporting energy metabolism and the synthesis of essential molecules. In the food processing sector, it is used in fortification, enriching a wide array of products with its nutritional benefits, including fortified cereals, beverages, and dairy items.
Pantothenic acid, also known as Vitamin B5, serves as a crucial nutrient in fortifying various food products, including processed foods, infant nutrition formulations, and animal feed. With the processed food industry experiencing rapid growth, alongside the expanding market for infant nutrition products and animal feed, there arises a robust demand for pantothenic acid. This surge in demand stems from the recognition of pantothenic acid's essential role in supporting overall health and well-being. The anticipated surge in market growth for calcium pantothenate is attributed to the escalating awareness surrounding health issues among consumers. As individuals become increasingly cognizant of the importance of maintaining optimal health and well-being, there arises a growing demand for dietary supplements and fortified products containing essential nutrients like Vitamin B5. This heightened awareness extends across various demographics, including health-conscious consumers, athletes, and individuals seeking preventive healthcare measures. Also, usage of Vitamin B5 in animal feed for cattle and pigs is yet another market driver. The global Vitamin B5 market is likely to reach approximately 84 thousand tonnes in 2034.
Regionally, North America is one of the prominent consumers of Vitamin B5. Its prominence is attributed to several factors, including the region's robust healthcare infrastructure, consumer awareness about the importance of nutrition, and the widespread availability of fortified foods and dietary supplements. With a well-established market for vitamins and supplements, North American consumers actively seek products containing Vitamin B5 to support their overall health and well-being. Additionally, the region's diverse population, coupled with relatively high disposable income levels, ensures a steady demand for Vitamin B5 products across various demographics. Overall, North America's strong emphasis on preventive healthcare and nutritional supplementation contributes to its prominence as a key market for Vitamin B5 consumption.
Based on the end-use industry, the global Vitamin B5 market is divided into Food & Beverages, Pharmaceuticals, Nutraceuticals, Animal Feed, and Others. Among these industries, Nutraceuticals is the dominating segment and held about 40% of the global Vitamin B5 market in 2023.
Major players in the Global Vitamin B5 market are BASF SE, Nutrina Co., Inc., Zhengzhou Sigma Chemical Co., Ltd., Cayman Chemical, CHEM-BRIDGE Co., Ltd, Foodchem International Corporation, Koninklijke DSM N.V., RxList Inc., Watson Inc.,NOW Health Group, Inc., AccuStandard Inc., AcerChem International Inc., and Others.
Years considered for this report:
Historical Period: 2015- 2022
Base Year: 2023
Estimated Year: 2024
Forecast Period: 2025-2034
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Objective of the Study:
• To assess the demand-supply scenario of Vitamin B5 which covers production, demand and supply of Vitamin B5 market in the globe.
• To analyse and forecast the market size of Vitamin B5
• To classify and forecast Global Vitamin B5 market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Vitamin B5 market in the globe.
To extract data for Global Vitamin B5 market, primary research surveys were conducted with Vitamin B5 manufacturers, suppliers, distributors, wholesalers and Traders. While interviewing, the respondents were also inquired about their competitors. Through this technique, ChemAnalyst was able to include manufacturers that could not be identified due to the limitations of secondary research. Moreover, ChemAnalyst analyzed various segments and projected a positive outlook for Global Vitamin B5 market over the coming years.
ChemAnalyst calculated Vitamin B5 demand across the globe by analyzing the volume of Vitamin B5 consumed by the end-user industries and the forecast is calculated based on the growth rate of end-use industries. ChemAnalyst sourced these values from industry experts and company representatives and externally validated them by analyzing the historical sales data of respective manufacturers to determine the overall market size. Various secondary sources such as company websites, association reports, annual reports, etc., were also studied by ChemAnalyst.
Key Target Audience:
• Vitamin B5 manufacturers and other stakeholders
• Organizations, forums and alliances related to Vitamin B5 distribution
• Government bodies such as regulating authorities and policy makers
• Market research organizations and consulting companies
The study is useful in providing answers to several critical questions that are important for industry stakeholders such as Vitamin B5 manufacturers, customers and policy makers. The study would also help them to target the growing segments over the coming years, thereby aiding the stakeholders in taking investment decisions and facilitating their expansion.
Report Scope:
In this report, Global Vitamin B5 market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Attribute
Details
Market size Volume in 2023
48 thousand tonnes
Market size Volume in 2034
84 thousand tonnes
Growth Rate
CAGR of 5.1% from 2024 to 2034
Base year
2023
Estimated year
2024
Historical Data
2015 – 2022
Forecast period
2025 – 2034
Quantitative units
Demand in thousand tonnes and CAGR from 2024 to 2034
Report coverage
Industry Market Size, Capacity by Company, Capacity by Location, Operating Efficiency, Production by Company, Demand by End- Use, Demand by Region, Demand by Sales Channel, Demand-Supply Gap, Company Share, Manufacturing Process.
Segments covered
By End-Use: (Food & Beverages, Pharmaceuticals, Nutraceuticals, Animal Feed, and Others)
By Sales Channel: (Direct Sale and Indirect Sale)
Regional scope
North America, Europe, Asia Pacific, Middle East and Africa, and South America.
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Market Data & Insights
Table of Content
1. Industry Market Size
It is an essential metric for market analysis, as it provides insights into the overall size and growth potential of Vitamin B5 market in terms of value and volume.
2. Capacity By Company
On our online platform, you can stay up to date with essential manufacturers and their current and future operation capacity on a practically real-time basis for Vitamin B5.
3. Capacity By Location
To better understand the regional supply of Vitamin B5 by analyzing its manufacturers' location-based capacity.
4. Plant Operating Efficiency
To determine what percentage manufacturers are operating their plants or how much capacity is being currently used.
5. Production By Company [Quarterly Update]
Study the historical annual production of Vitamin B5 by the leading players and forecast how it will grow in the coming years.
6. Demand by End- Use [Quarterly Update]
Discover which end-user industry (Food & Beverages, Pharmaceuticals, Nutraceuticals, Animal Feed, and Others) are creating a market and the forecast for the growth of the Vitamin B5 market.
7. Demand by Region
Analyzing the change in demand of Vitamin B5 in different regions, i.e., North America, Europe, Asia Pacific, Middle East and Africa, and South America, that can direct you in mapping the regional demand.
8. Demand by Sales Channel (Direct and Indirect)
Multiple channels are used to sell Vitamin B5. Our sales channel will help in analyzing whether distributors and dealers or direct sales make up most of the industry's sales.
9. Demand-Supply Gap
Determine the supply-demand gap to gain information about the trade surplus or deficiency of Vitamin B5.
10. Company Share
Figure out what proportion of the market share of Vitamin B5 is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Vitamin B5.
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supply of the product in the market at a Global level.
What was the net market size of Vitamin B5 in terms of volume in 2023?
Ans:
The global market size of Vitamin B5 touched approximately 48 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Vitamin B5?
Ans:
Nutraceuticals industry is the leading end-user industry of Vitamin B5 globally.
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Ans:
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