Pantothenic acid market

Pantothenic Acid Market, by Form (Powder and Tablets), by Source ( Plants Animals, and Dairy Products), by Nature (Organic and Inorganic), by End Use (Pharmaceuticals, Nutritional & Dietary Supplements, Animal Health & Nutrition, Infant Food & Supplements, and Food & Beverages), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa) - Size, Share, Outlook, and Opportunity Analysis, 2021 - 2028

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Dec 2021
CMI4815
110 Pages
Excel & Pdf
Food Ingredients

Summary

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

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.

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

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

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.

Table of Content

* Browse 25 market data tables* and 20 figures* on "Pantothenic Acid Market” - Global forecast to 2028.

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- Frequently Asked Questions -

What will the market size be in 2028?

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.

What are the major factors that are expected to drive growth of the market during the forecast period?

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.

What are the trends in the market?

Overall health benefits that the acid provides to the human body are the trends in the market.

What are the key factors hampering growth of the market?

Lack of awareness about pantothenic acid is restraining the market growth during forecast period.

Which are the key players in the market?

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

What is the current market size?

The market was valued at US$ 460.3 million, in terms of revenue in 2020.