all report title image
  • Published On : Dec 2021
  • Code : CMI4815
  • Industry : Food Ingredients
  • Pages : 110
  • Formats :

Pantothenic acid is an essential nutrient that is naturally present in foods, and available as a dietary supplement. Pantothenic acid is also called vitamin B5 and is a water-soluble vitamin. The main function of this water-soluble B vitamin is in the synthesis of coenzyme A (CoA) and acyl carrier protein. Pantothenic acid is widely consumed and used vitamin.

The global pantothenic acid market is estimated to surpass US$ 750.7 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 6.2% during the forecast period (2021 to 2028).

Drivers

Overall health benefits pantothenic acid provides to the human body are driving the market growth. 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 others. 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.

Among regions, Asia Pacific held dominant position in the global pantothenic acid market in 2020, accounting for 39.2% market share, in terms of revenue, followed by North America and Europe.

Figure 1. Global Pantothenic Acid Market Revenue Share (%), By Region, 2020

Pantothenic Acid  | Coherent Market Insights

Market Restraints

Less awareness regarding health benefits associated with pantothenic acid in the emerging economies such as majority of African countries is expected to hamper the market growth over the forecast period.

Market Trends

The pantothenic acid is used in the fortification of several food products, infant nutrition, and animal feed. The rapidly increasing processed food industry, infant nutrition products, and animal feed products is creating a strong demand for pantothenic acid. Thus, players operating in this market are offering, pantothenic acid as a dietary supplement to prevent deficiency of vitamin B5, which is vital for the healthy living of an individual.

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Pantothenic Acid Market Report Coverage

Report Coverage Details
Base Year: 2020 Market Size in 2020: US$ 460.3 Mn
Historical Data for: 2017 – 2019 Forecast Period: 2021 to 2028
Forecast Period 2021 to 2028 CAGR: 6.2% 2028 Value Projection: US$ 750.7 Mn
Geographies covered:
  • North America: U.S. and Canada
  • Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
  • Europe: U.K., Germany, France, Italy, Spain, Russia, and Rest of Europe
  • Asia Pacific: China, India, Japan, ASEAN, South Korea, Australia, and Rest of Asia Pacific
  • Middle East & Africa: Middle East and Africa
Segments covered:
  • By Form: Powder and Tablets
  • By End Use: Pharmaceuticals, Nutritional &Dietary Supplements, Animal Health & Nutrition, Infant Food & Supplements, and Food & Beverages
  • By Source: Plants, Animals, and Dairy Products
  • By Nature: Organic and Inorganic
Companies covered:

Nutrina Co., Inc., Zhengzhou Sigma Chemical Co., Ltd., Watson Inc., 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, Toronto Research Chemicals, AcerChem International Inc., and Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd.

Growth Drivers:
  • Overall health benefits that the acid provides to the human body
  • The rapid increase in the food processing industry across the globe
Restraints & Challenges:
  • Lack of awareness about pantothenic acid

Figure 2. Global Pantothenic Acid Market – Opportunity Analysis

Pantothenic Acid  | Coherent Market Insights

On the basis of form, global pantothenic acid market can be segmented into powder and tablets. Powder segment is expected to hold 64.8% of market share due to growing demand for powder pantothenic acid.  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.

Figure 3. Global Pantothenic Acid Market Revenue Share (%), By Form, 2020

Pantothenic Acid  | Coherent Market Insights

Global Pantothenic Acid Market - Impact of Coronavirus (COVID-19) Pandemic

The global market for pantothenic acid has been impacted due to the ongoing COVID-19 pandemic. Several governments across the globe have imposed nationwide lockdowns to curb the spread of the virus, which resulted in the shutting down of businesses and ceasing of several economic activities. For instance, according to the International Monetary Fund’s 2020 report, the global economy had contracted sharply by 3.0% in 2020, which is worse than the 2008-09 financial crisis. Moreover, the reduced demand for fertilizers and pesticides has indirectly led to low demand for the humic sector across the agricultural sector. However, increasing demand for pharmaceutical drugs, nutritional, and dietary supplements is expected to increase demand for pantothenic acid across the pharmaceuticals sector.

Competitive Section

Key players operating in the global pantothenic acid market include Nutrina Co., Inc., Zhengzhou Sigma Chemical Co., Ltd., Watson Inc., 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, Toronto Research Chemicals, AcerChem International Inc., and Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd.

Pantothenic acid is also known as vitamin B5 and is a water-soluble vitamin that is a precursor in the synthesis of coenzyme A. Pantothenic acid is essential to various biochemical reactions that sustain life. Moreover, the phosphopantetheinyl moiety of coenzyme A is required for the biological activity of several proteins including the acyl-carrier protein involved in fatty acid synthesis. It is ubiquitously found in foods of plant and animal origin, and dietary deficiency is very rare

Market Dynamics

The demand for pantothenic acid is growing rapidly due to growing usage of pantothenic acid in the various applications. In addition to playing a role in the breakdown of fats and carbohydrates for energy, vitamin B5 is critical to the manufacturing of red blood cells, as well as sex and stress-related hormones produced in the adrenal glands, small glands that sit atop the kidneys. Vitamin B5 is also important in maintaining a healthy digestive tract, and it helps the body use other vitamins, particularly B2 (also called riboflavin).

However, various factors such as lack of awareness regarding pantothenic acid, and dearth of universal directives pertaining to applications of pantothenic acid are expected to restrain the pantothenic acid market growth. Moreover, the potential for side effects and interactions of pantothenic acid with medications, it should be taken only under the supervision of a knowledgeable health care provider.

Major players operating in the global pantothenic acid market are adopting various organic and inorganic growth strategies such as expansion, joint venture, collaboration, strategic alliances, new product launches, and others to increase their global reach and business operations. For instance, on July 27, 2021, Koninklijke DSM N.V a global science-based company in Nutrition, Health and Sustainable Living, acquired Midori USA, Inc. (Midori), a biotechnology start-up with a novel precision platform developing breakthrough targeted eubiotics that improve the health and environmental impact of animals. DSM already owns 38.5% of the shares of Midori and has acquired the remaining 61.5% for a consideration of US$ 63 Million.

Key features of the study:

  • This report provides in-depth analysis of the global pantothenic acid market, and provides market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2021-2028), considering 2020 as the base year
  • It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by key players
  • It profiles key players in the global pantothenic acid market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
  • Key companies covered as a part of this study include Nutrina Co., Inc., Zhengzhou Sigma Chemical Co., Ltd., Watson Inc., 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, Toronto Research Chemicals, AcerChem International Inc., and Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd.
  • Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future products launches, technology up gradation, market expansion, and marketing tactics
  • The global pantothenic acid market report caters to various stakeholders in this industry including investors, suppliers, pantothenic acid manufacturers, distributors, new entrants, and financial analysts
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global pantothenic acid market

Detailed Segmentation:

  • Global Pantothenic Acid Market, By Form:
    • Powder
    • Tablets
  • Global Pantothenic Acid Market, By Source:
    • Plants
    • Animals
    • Dairy Products
  • Global Pantothenic Acid Market, By Nature:
    • Organic
    • Inorganic
  • Global Pantothenic Acid Market, By End Use:
    • Pharmaceuticals
    • Nutritional & Dietary Supplements
    • Animal Health & Nutrition
    • Infant Food & Supplements
    • Food & Beverages
  • Global Pantothenic Acid Market, By Region:
    • North America
      • By Form:
        • Powder
        • Tablets
      • By Source:
        • Plants
        • Animals
        • Dairy Products
      • By Nature:
        • Organic
        • Inorganic
      • By End Use:
        • Pharmaceuticals
        • Nutritional & Dietary Supplements
        • Animal Health & Nutrition
        • Infant Food & Supplements
        • Food & Beverages
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Form:
        • Powder
        • Tablets
      • By Source:
        • Plants
        • Animals
        • Dairy Products
      • By Nature:
        • Organic
        • Inorganic
      • By End Use:
        • Pharmaceuticals
        • Nutritional & Dietary Supplements
        • Animal Health & Nutrition
        • Infant Food & Supplements
        • Food & Beverages
      • By Country:
        • Brazil
        • Argentina
        • Mexico
        • Rest of Latin America
    • Europe
      • By Form:
        • Powder
        • Tablets
      • By Source:
        • Plants
        • Animals
        • Dairy Products
      • By Nature:
        • Organic
        • Inorganic
      • By End Use:
        • Pharmaceuticals
        • Nutritional & Dietary Supplements
        • Animal Health & Nutrition
        • Infant Food & Supplements
        • Food & Beverages
      • By Country:
        • U.K.
        • Germany
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Form:
        • Powder
        • Tablets
      • By Source:
        • Plants
        • Animals
        • Dairy Products
      • By Nature:
        • Organic
        • Inorganic
      • By End Use:
        • Pharmaceuticals
        • Nutritional & Dietary Supplements
        • Animal Health & Nutrition
        • Infant Food & Supplements
        • Food & Beverages
      • By Country:
        • China
        • India
        • Japan
        • ASEAN
        • South Korea
        • Australia
        • Rest of Asia Pacific
    • Middle East & Africa
      • By Form:
        • Powder
        • Tablets
      • By Source:
        • Plants
        • Animals
        • Dairy Products
      • By Nature:
        • Organic
        • Inorganic
      • By End Use:
        • Pharmaceuticals
        • Nutritional & Dietary Supplements
        • Animal Health & Nutrition
        • Infant Food & Supplements
        • Food & Beverages
      • By Sub-region:
        • Middle East
        • Africa
  • Company Profiles
    • Nutrina Co., Inc.*
      • Company Overview
      • Product Portfolio
      • Financial Performance
      • Key Strategies
      • Recent Developments
      • Future Plans
    • Zhengzhou Sigma Chemical Co., Ltd.
    • Watson Inc.
    • 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
    • Toronto Research Chemicals
    • AcerChem International Inc.
    • Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd.

“*” marked represents similar segmentation in other categories in the respective section.

Frequently Asked Questions

The global pantothenic acid market is estimated to surpass US$ 750.7 million by 2028 and is expected to exhibit a CAGR of 6.2% between 2021 and 2028.
The rapid increase in the food processing industry across is the globe the major factors that is expected to drive growth of the market during the forecast period.
Overall health benefits that the acid provides to the human body are the trends in the market.
Lack of awareness about pantothenic acid is restraining the market growth during forecast period.
Major players operating in the market include Nutrina Co., Inc., Zhengzhou Sigma Chemical Co., Ltd., Watson Inc., 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, Toronto Research Chemicals, AcerChem International Inc., and Zhejiang Hangzhou Xinfu Pharmaceutical Co., Ltd
The market was valued at US$ 460.3 million, in terms of revenue in 2020.

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