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.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold 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.