Vitamin B6 (Pyridoxine) Market Key Players, Industry Overview, Supply and Consumption Demand Analysis to 2022
Global Vitamin B6 (Pyridoxine) Market is expected
to grow at a significant CAGR in the upcoming years as the scope and its
applications are increasing across the globe. Pyridoxine is a water-soluble
vitamin, also known as Vitamin B6. The sources of Vitamin B6 (Pyridoxine)
include milk, whole grains, legumes, whole grains, eggs, rice, starchy
vegetables, fish, etc. It can also be taken as a supplement, usually as a tablet,
an oral capsule, or liquid.
Pyridoxine is involved in the regulation of mental function &
mood and also in the metabolism of homocysteine. Moreover, it is vital for
haemoglobin in the blood. Furthermore, it allows the body to use and store
energy from protein and carbohydrates. The factors that propel the growth of
the Vitamin B6 (Pyridoxine) Market include increasing demand, rapid
urbanization & industrialization, wide range of applications and product
development & technological innovations.
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On the other hand, there are also factors that can hinder the
market growth such as high doses can cause nerve damage, skin rashes, nausea,
etc. Vitamin B6 (Pyridoxine) Market is classified on the basis of product type,
applications, distribution channel and geography. Vitamin B6 (Pyridoxine)
Industry is segmented by product type as food grade, feed grade, pharmaceutical
grade and others. Vitamin B6 (Pyridoxine) Market is classified on applications
as pharmaceutical industry, food industry, feed industry and others.
Vitamin
B6 (Pyridoxine) Market is segmented by distribution channel as online stores,
specialty stores and others. Vitamin B6 (Pyridoxine) Market is classified on
the basis of geography as North America, Latin America, Western Europe, Eastern
Europe, Asia Pacific, Japan and Middle East and Africa.
The North American region consists of the U.S., and Canada. Latin
America region consists of Mexico and Brazil. The Western European region
consists of Germany, Italy, France, England and Spain. The Eastern European
region consists of Poland and Russia. Asia Pacific region consists of China, India,
ASEAN, Australia & New Zealand.
The Middle East and African region consists of GCC, South Africa
and North Africa. Some of the key players that fuel the growth of the Vitamin
B6 (Pyridoxine) Market include Acebright Pharmaceuticals Group, BASF, DSM, Nanjing
Pharmaceutical Factory, Tianxin Pharmaceutical, Xinfa Pharmaceutical, and
others. The key players are focusing on inorganic growth to sustain themselves
amidst fierce competition. As such, mergers, acquisitions, and joint ventures
are the need of the hour.
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