The global Vitamin B4 market stood at approximately 30 thousand tonnes in 2023 and is anticipated to swell at a healthy CAGR of 5.1% during the forecast period until 2034. Vitamin B4, more commonly known as adenine, serves as a fundamental building block in various biological processes. Adenine plays crucial roles in cellular metabolism and energy production.
Within pharmaceuticals, Vitamin B4's presence in nucleotides like ATP, the primary energy carrier in cells, and coenzymes such as NAD and FAD, which are essential for cellular respiration and metabolic reactions, underscores its importance. In the food and beverage industry, while adenine itself may not be directly added, its derivatives or related compounds may feature in products fortified with B vitamins or designed to boost energy metabolism. Furthermore, adenine's potential benefits extend to cosmetics and skincare, where derivatives could contribute to cellular metabolism and skin health.
The market for Vitamin B4, also known as adenine, is experiencing significant growth primarily driven by its widespread utilization in health supplements and the rising popularity of herbal, organic, and natural cosmetic products. Adenine's presence in health supplements is particularly notable due to its essential role in cellular metabolism and energy production, making it a suitable ingredient for promoting overall health and well-being. Additionally, its inclusion in cosmetic formulations aligns with the growing consumer preference for products derived from natural sources and perceived as healthier alternatives to synthetic ingredients. The market is influenced by the increasing demand for health supplements, food additives, and animal feed applications. Consumers' growing awareness of the importance of nutrition and wellness drives the demand for supplements containing essential vitamins like Vitamin B4. Moreover, the use of adenine in food additives to enhance nutritional value and in animal feed to promote growth and health further contributes to market expansion. The global Vitamin B4 market is likely to reach approximately 52 thousand tonnes in 2034.
Regionally, North America emerges as a significant consumer of Vitamin B4 due to its well-developed healthcare and wellness industry, alongside high consumer awareness regarding the benefits of dietary supplements. The region's emphasis on preventive healthcare drives the demand for vitamins and supplements, with Vitamin B4 being favoured for its role in supporting energy metabolism and cellular function. Moreover, the prevalence of fortified foods and beverages enriched with Vitamin B4 further boosts its consumption. North America's diverse population, coupled with relatively high disposable income levels, ensures a broad market base for Vitamin B4 products, appealing to health-conscious individuals and athletes alike. Overall, North America's established healthcare infrastructure, consumer awareness, and the availability of a wide range of fortified products contribute to its prominence as a consumer of Vitamin B4.
Based on the end-use industry, the global Vitamin B4 market is divided into Pharmaceuticals & Nutraceuticals, Food & Beverages, Animal Feed, and Others. Among these industries, Pharmaceuticals & Nutraceuticals is the dominating segment and held about 65% of the global Vitamin B4 market in 2023.
Major players in the Global Vitamin B4 market are BASF, F. Hoffmann-La Roche AG, Chinook, Liaoning Bicochem, Hebei Global Food Additive, Bioproducts, Ducon, UCB, Jubilant Life Sciences, Eastman, 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 B4 which covers production, demand and supply of Vitamin B4 market in the globe.
• To analyse and forecast the market size of Vitamin B4
• To classify and forecast Global Vitamin B4 market based on end-use and regional distribution.
• To examine competitive developments such as expansions, mergers & acquisitions, etc., of Vitamin B4 market in the globe.
To extract data for Global Vitamin B4 market, primary research surveys were conducted with Vitamin B4 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 B4 market over the coming years.
ChemAnalyst calculated Vitamin B4 demand across the globe by analyzing the volume of Vitamin B4 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 B4 manufacturers and other stakeholders
• Organizations, forums and alliances related to Vitamin B4 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 B4 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 B4 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
30 thousand tonnes
Market size Volume in 2034
52 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: (Pharmaceuticals & Nutraceuticals, Food & Beverages, 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 B4 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 B4.
3. Capacity By Location
To better understand the regional supply of Vitamin B4 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 B4 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 (Pharmaceuticals & Nutraceuticals, Food & Beverages, Animal Feed, and Others) are creating a market and the forecast for the growth of the Vitamin B4 market.
7. Demand by Region
Analyzing the change in demand of Vitamin B4 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 B4. 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 B4.
10. Company Share
Figure out what proportion of the market share of Vitamin B4 is currently held by leading players across the globe.
11. Manufacturing Process
Discover insights into the intricate manufacturing process of Vitamin B4.
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It also highlights the immediate impact on supply due to planned and unplanned outages as well as upcoming start-up
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of force majeure, affects the plant's operating rate for the given duration. Disruption tracker gives a clear insight
into the worldwide outages affecting the commodity of interest. With every shutdown, it also reflects the impact on
supply of the product in the market at a Global level.
What was the net market size of Vitamin B4 in terms of volume in 2023?
Ans:
The global market size of Vitamin B4 has reached approximately 30 thousand tonnes in 2023.
Q2.
Which industry is the leading end-user industry of Vitamin B4?
Ans:
Pharmaceuticals & Nutraceuticals industry is the leading end-user industry of Vitamin B4 globally.
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Ans:
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