Pantothenic Acid Market: Outlook
Pantothenic acid is one of the different types of widely consumed and used vitamin. Pantothenic acid is also called vitamin B5. It is a water-soluble vitamin. The pantothenic acid is largely used to cure diseases such as asthma, problems related to digestion, allergies and infections such as yeast infection, problems related to heart and many other. The importance of pantothenic acid is it activates the metabolism in the body and breaks down the proteins, carbohydrates and fats to produce energy in the body. The deficiency of pantothenic acid can cause various problems such as fatigue, depression, and infections related to the respiratory tract. Manufacturers of pantothenic acid have huge opportunities in the market with growing demand from the consumers’ side. Due to this, a large number of market players are entering into the pantothenic acid market. The new and existing market players are experiencing huge competition at the local and the global level. Players are entering the market with penetrating market prices. The regions which are leading the global pantothenic acid market at large include North America, Central and Latin America, Europe and some parts of Asia. Some of the leading players in the global pantothenic market are Koninklijke DSM N.V., BASF SE, Watson Inc., Merck KGaA, NOW Health Group Inc., Chem-Bridge Co., Ltd., and Foodchem International Corporation.
Is something restraining your company’s growth in the Pantothenic acid market? Ask for the report brochure here
Health Benefits of Pantothenic Acid Is Driving the Growth of the Market
The main factor that is driving the global pantothenic acid market is the overall health benefits that the acid provides to the human body. Consumption of pantothenic acid is useful in order to enhance the overall growth of the human body and also to minimize the risk of health issues and other diseases that can occur due to deficiency of the same. The varied use and applications of the pantothenic acid in the infant nutrition, animal feed and nutritional products, pharmaceuticals industry, and food and beverages industry are driving the growth of the market. The rapid increase in the food processing industry across the globe is supporting the growth of the pantothenic acid market. The main restraint in the pantothenic acid market is the availability of substitutes. Moreover, the consumers’ shift of preference from synthetic to organic and natural food is hindering the overall growth of the market.
Stuck in a neck-to-neck competition with other brands? Request a custom report on competition on Pantothenic acid market here
Global Pantothenic Acid Market: Segmentation
On the basis of the form, the pantothenic acid market is segmented as:
On the basis of the end use, the pantothenic acid market is segmented as:
- Nutritional and dietary supplements
- Animal health and nutrition
- Infant supplements and food
- Food and beverages industry
On the basis of the source, the pantothenic acid is segmented as:
- Dairy products
On the basis of nature, the pantothenic acid market is segmented as:
Global Pantothenic Acid Market: Key Players
Some of the major players in the pantothenic acid market are Nutrina Co., Inc., Zhengzhou Sigma Chemical Co., Ltd., Watson Inc., (leader in quality products and ingredients in food n supplements industry), Cayman Chemical, CHEM-BRIDGE Co., Ltd., Foodchem International Corporation, Koninklijke DSM N.V., RxList Inc., NOW Health Group, Inc., BASF SE, AccuStandard Inc., Merck KGaA, Global Pantothenic Acid Industry, Toronto Research Chemicals, AcerChem International Inc., Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd. and many other local players of the respective country. Some of the distributors in the pantothenic acid market include Standard Vitamins Distribution Company and Nutrina Co., Inc.
Opportunities for Market Participants
The manufacturers in the pantothenic acid market have numerous opportunities across the globe as a consequence of increased health problems and allergies due to vitamin b5 deficiency. The manufacturers have great opportunities to grow in the market as there is seen a decline in the overall consumption of the vitamin through the day to day food sources. The producers have huge opportunities in the fast-paced and developed countries such as the U.S., Canada, UK, Germany and others as a consequence of decreased consumption of the vitamins. There is a noteworthy rise in the health and diet conscious people across the world which renders great opportunities to the market players in the pantothenic acid market.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.