The Global Calcium Pantothenate (Vitamin B5) Market is projected to grow at a CAGR of 4.2% from USD 236.7 million in 2019 to USD 331.5 million in 2030. The increasing demand for the nutrients that work on keeping the nerve & cells healthy and keeps the DNA and the genetic materials healthy, along with the rising emphasis on preventing impaired muscle coordination & gastrointestinal problems, are the primary reasons the Calcium Pantothenate market is predominantly being driven. Besides, extensive growth of vegan population, intensive usage of the neutraceuticals, food and beverages, and dietary supplements, are the consistent propellers of this market.
Pantothenic acid, pantothenic acid for skin, pantothenic acid for hair, pantothenic acid for acne, pantothenic acid foods, pantothenic acid deficiency, pantothenic acid B5, to name a few are the hugely demanding topics and factors the end-users are concerned about and have been influencing the Calcium Pantothenate market growth in many ways, have been additionally discussed in details in the report. Leading and growing players in the market that have been investing an extensive amount in the research & development in such corresponding factors have observed enormous growth in their business.
Growing awareness about the significance of a healthy diet in countries such as India and China is expected to drive the Calcium Pantothenate market in the region. The upcoming retail sector in emerging nations such as Indonesia, Malaysia, China, and India are propelling the market in the region. Support from the government to promote development initiatives is also expected to drive the Calcium Pantothenate market in the upcoming years.
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Powder forms are expected to grow with a significant share owing to the increasing demand for Calcium Pantothenate powders among bodybuilders and athletes. Moreover, dietary products manufacturers introduced powder products, which can be consumed along with drinks as well as milk products.
Pharmaceutical Grade is referred to as the manufacturing processes used by pharmaceutical companies that produce drugs and other medications. Within the pharmaceutical industry, all drugs, even those that don\’t require a prescription, must undergo a rigorous approval process that\’s unique to the pharmaceutical industry.
Sales Channel Outlook:
Online retails are projected to have the highest growth rate of 7.6% during the forecast period. This growth rate is due to the presence of a variety of end-use products that can be availed at discounted rates as compared to traditional retail prices, to pull more customers. The usage of e-commerce services has also spurred in developed as well as developing markets owing to factors such as cost-effectiveness and quick accessibility.
The Asia Pacific region possesses one of the leading consumer base and occupy a significant market share. This region is also expected to register the highest growth during the forecast period as an immense rise in the demand for the vegan nutrients owing to a higher number of vegetarian, especially in the countries like India, Nepal, among others.
The North America is projected to grow at a CAGR of 4.7% throughout the period 2020 to 2030, on account of high consumer emphasis on the nutrients & dietary supplements, especially in the U.S. and Canada. The existence of major players in the region has played a significant role in increasing market penetration.
Europe is a consumer in this market and is expected to retain with a market share of 18.6% by 2030. Countries like Germany, United Kingdom, and Spain among others are increasingly observing newer consumer presence year on year due to higher penetration for the nutraceuticals.
- The market for Calcium Pantothenate is gaining popularity in the nutraceutical and dietary supplements market. The product is found to be helpful in erythropoiesis.
- The high market prices and processing cost of the Calcium Pantothenate are hindering the market growth, but with the implementation of modern cutting edge technologies in the production line, it will evidently decrease the processing cost.
- Calcium Pantothenate deficiency may occur in certain health conditions, such as poor nutrition, intestinal/stomach problems, headache, irritability, fatigue, impaired muscle coordination, and others.
- Rapid urbanization and a rise in disposable income coupled with an increase in awareness regarding health issues are the factors driving the Calcium Pantothenate market growth during the forecast period. Rising prevalence of depression, paranoia, and memory loss is also propelling the demand for Calcium Pantothenate. Favorable outlook towards medical nutrition will also drive the demand for the vitamins.
- The growing trend of veganism is expected to drive the Calcium Pantothenate market for this vitamin. In the year 2019, France and Germany held the highest share of polled individuals ranging from ages between 16 and 24 years.
- Advancement in manufacturing techniques, a higher availability of the resources for the manufacturing units, dexterous processing technique, higher production capacity, increased consumers, and favorable business models of export & import, the Asia Pacific developing countries have been in trend for the raw material and chemical products outsourcing.
Companies considered and profiled in this market study
Yifan Pharmaceutical, Zhenjiang Gaopeng Pharmaceutical Co. Ltd., Shandong Hwatson Biochem, Shandong Xinfa Pharmaceutical, DSM, BASF, Alfa Aesar GmbH & Co KG., Shandong Xinhua Pharmaceutical Co. Ltd., Hebei Jingye Group, and Avnochem Limited, among others are leading players involved on the global Calcium Pantothenate market. The players operating in the market have undertaken several strategies related to the market in the period 2019-2020.
The Calcium Pantothenate market industry poses significant amount of opportunities for small manufacturers and startups to come up with cost-effective solutions in manufacturing. Many innovative start-ups that are growing remarkably have been profiled in the report with all their innovative techniques and developments. There is a continuous growth in demand from the end-users, which can encourage several startups to launch innovative products in this market.
Mergers and Acquisitions are an integral part of this industry. These mergers and acquisitions help us decide the strategic initiatives taken up by the leading players as well as growing companies dealing in this market, and have been included in this report.
Reports and Data forecasts in the Calcium Pantothenate industry having considered the interviews with some of most the prestigious personalities and experts in this market. Pantothenic acid, pantothenic acid for skin, pantothenic acid for hair, pantothenic acid for acne, pantothenic acid foods, pantothenic acid deficiency, pantothenic acid B5, to name a few are the hugely demanding topics and factors the end-users are concerned about and have been influencing the Calcium Pantothenate market growth in many ways, have been additionally discussed in details in the report. Leading and growing players in the market that have been investing an extensive amount in the research & development in such corresponding factors have observed enormous growth in their business.
However, all the strategies and forecasts for industry growth had been disrupted by the COVID-19 pandemic and everything has to be recalculated. The main players, according to experts, need to review their strategies in order to support the following COVID-19 scenario and to maintain healthy relationships with their business partners. As a result of this pandemic, the world\’s average disposable income would decrease. The main manufacturers of the market are expected to attempt to discover new areas.
Segments covered in the report
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the Calcium Pantothenate market trends in each of the sub-segments from 2020 to 2030. The scope of the report can be defined as:
For the purpose of this report, Reports and Data have segmented the global Calcium Pantothenate market on the basis of form, grade, sales channel, end-use verticals, and region:
Form Outlook (Revenue: USD Million; Volume: Kilo Tons; 2019-2030)
Grade Outlook (Revenue: USD Million; Volume: Kilo Tons; 2019-2030)
- Food Grade
- Pharmaceutical Grade
Sales Channel Outlook (Revenue: USD Million; Volume: Kilo Tons; 2019-2030)
- Online Retails
- Offline Retails
End-Use Verticals Outlook (Revenue: USD Million; Volume: Kilo Tons; 2019-2030)
- Nutraceuticals & Animal Feed
- Food & Beverage
- Cosmetics & Personal Care
Regional Outlook (Revenue: USD Million; Volume: Kilo Tons; 2019-2030)
- North America
- Rest of Europe
- Asia Pacific
- Rest of APAC
- Saudi Arabia
- Rest of MEA
- Latin America
- Rest of LATAM
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