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, 2022 - 2028
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 (2022-2028), considering 2021 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.
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