Pyridoxine Hydrochloride Market Growth Driven by Rapid Expansion of Food and Beverage and Pharmaceutical Industries: Reports and Data

New York, October 14, 2021 – Reports and Data released its latest report titled “Pyridoxine Hydrochloride Market, By Form (Solid, Liquid), By Category (Food Grade, Food Grade, Pharmaceutical Grade), By End Use Industry (Food & Beverage Industry, pharmaceutical industry, animal nutrition, others) and region – Global forecasts until 2028 »

Growing Applications of Pyridoxine Hydrochloride in Food & Beverage and Pharmaceutical Industries Expected to Fuel Market Revenue Growth

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According to Reports and Data, the global pyridoxine hydrochloride market size was USD 408 million in 2020 and is expected to reach USD 731.5 million in 2028 and register CAGR revenue of 8.0% during the forecast period, 2021 -2028.

Factors, constraints and opportunities:

Pyridoxine hydrochloride is a water soluble B vitamin and is the hydrochloride salt of pyridoxine. It is on the World Health Organization (WHO) Essential Medicines List and is considered one of the safest and most effective drugs in the world. Pyridoxine hydrochloride is generally used in nutritional supplements for the liver and plays a vital role in various enzymatic reactions in amino acid metabolism. The substance is widely used in the synthesis of sphingolipids and glycogenolysis and plays an important role in various functions of the immune and nervous systems. The revenue growth of the global Pyridoxine Hydrochloride market is primarily driven by factors such as increasing consumer awareness of health and wellness, increasing prevalence of vitamin deficiency, increasing demand for nutritional and dietary supplements and the increasing use of pyridoxine hydrochloride in functional foods and beverages and animal nutrition products.

COVID-19 impact assessment

  • Social distancing and restrictions have severely disrupted businesses and operations
  • The closures have caused disruption in transportation and logistics
  • Global Manufacturing and Mining Operations Affected
  • Took a toll on the economy of various countries
  • Caused a sudden and drastic slowdown in economic activity
  • Agriculture, fishing, dairy and other disrupted sectors
  • Caused job loss and financial crisis
  • The impacts on supply have worsened further due to the drop in disposable income
  • The emergence of variants continues to cause concern and impact normal routines

The food grade segment accounted for the largest share of revenue in 2020:

On the basis of quality, the overall pyridoxine hydrochloride is segmented into food grade, food grade and pharmaceutical grade. The food grade segment accounted for the largest share of market revenue in 2020. Key factors supporting the growth of this segment include the increasing use of food grade pyridoxine hydrochloride in a wide range of food and beverage products including dairy products, energy drinks and confectionery. and baked goods to improve their nutritional value. The growing demand for these foods and beverages, the growing health awareness of individuals and the increase in disposable income further drive the growth of this segment.

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The pharmaceutical industry will dominate other end-use industries:

On the basis of end use, the pharmaceutical industry is expected to register the fastest revenue growth during the forecast period. The increasing use of pyridoxine hydrochloride in pharmaceuticals including nutraceuticals and cosmeceuticals, the increasing prevalence of chronic diseases such as anemia, pyridoxine dependent epilepsy and vitamin deficiencies, the increase in Pyridoxine hydrochloride research in the pharmaceutical industry and increasing consumer healthcare spending are key factors driving the growth of this segment.

Asia-Pacific leads in terms of revenue CAGR:

Among the regional markets, the Asia-Pacific Pyridoxine Hydrochloride market is expected to register the fastest revenue CAGR in the global market during the forecast period. The increase in the geriatric population, the high incidence rate of vitamin deficiency and related health disorders, the increasing consumption of nutritional and dietary supplements and the growing demand for animal nutrition products are the main factors driving growth. Asia-Pacific market revenues. The regional market revenue growth is further enhanced by the rise of the pharmaceutical and agrifood sectors in the region and the presence of leading players including DSM Tianxin Pharmaceutical, Guangji Pharmaceutical, Amsar Private Limited and Huazhong Pharmaceutical.

The main companies in the market include:

  • Hegno
  • DSM Tianxin Pharmaceutical
  • Huazhong Pharmaceutical
  • Nutra Health
  • Guangji Pharmaceutical
  • BASF Human Nutrition
  • Amsar Private Limited

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Market segmentation :

For the purpose of this report, Reports and Data has segmented the global pyridoxine hydrochloride market on the basis of form, quality, end-use industry, and region:

Outlook Form (Revenue, Million USD; Volume, 2018-2028)

Grade Outlook (Revenue, Million USD; Volume, 2018-2028)

  • Food grade
  • Food grade
  • Pharmaceutical grade

End-Use Industry Outlook (Revenue, USD Million; Volume, 2018-2028)

  • Food and beverage industry
  • Pharmaceutical industry
  • Animal nutrition
  • Others

Regional Outlook (Revenue, USD Million; Volume, 2018-2028)

  • North America
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Sweden
    • BLESS
    • The rest of europe
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Rest of the APAC
  • Latin America
  • Middle East and Africa
    • Saudi Arabia
    • EA
    • South Africa
    • Israel
    • Rest of the MEA

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Some points on how the report benefits stakeholders:

  • Reports include historical (2018-2020) and forecast (2021-2028) data points, revenue and CAGR in tabular, figure and graph format, with detailed and qualitative written information supporting each. .
  • The revenue breakdown is provided for each segment in these formats for the world, region and for each country in the respective region for each year between 2018 and 2028.
  • The report contains information on growth drivers, restraints, opportunities, trends, company profiles, strategic developments, expansion details, product launches, and various other aspects related to the market.
  • The report contains data and information on customers, competitors, suppliers / distributors, and other players and the global market.
  • Market research analysis is vital for all crucial business strategies and can help in many ways and provide a better understanding of the strategies deployed by competitors, product launches, competitive analysis, technological advancements and various other factors. that improve a company’s sales or can provide ideas for focusing on merger and acquisition as a strategy or entering into strategic agreements or joint ventures, etc.
  • The report contains the profiles of the major companies operating in the market along with their respective revenue and operating segments, geographic scope, market footprint, corporate headquarters, growth rate, recent developments, product / service. , their expansion strategies, their investments in expansion, etc.

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