Vitamin B Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Vitamin B Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data

Report Format: PDF+Excel | Report ID: SR112024A23024
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Vitamin B Prices Decembers 2023

Product
Category Region Price
Vitamin B Nutraceuticals USA 38826 USD/MT
Vitamin B Nutraceuticals China 33890 USD/MT
Vitamin B Nutraceuticals Germany 43858 USD/MT


The price of vitamin B in the United States for Q4 2023 reached 38826 USD/MT in December. Similarly, the price trend for vitamin B in China in Q4 2023, reached 33890 USD/MT in December 2023. However, in Germany, vitamin B prices reached 43858 USD/MT in Q4 December 2023.

Vitamin B Price Trend, Market Analysis, and News

IMARC’s newly published report, titled “Vitamin B Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of vitamin B pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.

It encompasses an in-depth review of spot prices at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of price trends across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.

The report examines the elements influencing vitamin B price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.

Vitamin B Price Trend

Vitamin B Market Analysis

The global vitamin B market size reached US$ 842.4 Billion in 2023. By 2032, IMARC Group expects the market to reach US$ 1340.8 Billion, at a projected CAGR of 5.30% during 2023-2032.

  • The evolution of e-commerce platforms has revolutionized the accessibility of health supplements, including Vitamin B products, to consumers worldwide. As per the recent report by the IMARC Group, the global e-commerce market reached a noteworthy size of US$ 21.1 trillion in 2023. The Group has further projected that by 2032, this industry is expected to grow to a value of US$ 183.8 trillion.  These platforms are now essential in determining how customers behave, due to the ease of buying supplements online and the wide range of products that are accessible with just a click. Additionally, e-commerce systems provide a smooth buying experience by letting customers easily access product information, compare pricing, and read reviews. As a result, the development of e-commerce platforms has made Vitamin B products more accessible, stimulating market expansion and meeting a variety of customer demands throughout the world which is growing with a remarkable compound annual growth rate (CAGR) of 27.16% between 2024 and 2032.
  • The global aging population is increasing the demand for vitamin B-rich health supplements. Numerous health issues arise with aging, such as low food intake and impaired absorption of vital vitamins and minerals. As per the WORLD HEALTH ORGANIZATION (WHO), in 2020, the population of individuals aged 60 years and above exceeded the count of children under the age of 5. Along with this, one-sixth of the world's population is expected to be 60 years of age or older by 2030, up from 1 billion in 2020 to 1.4 billion. Moreover, by 2050, there will be twice as many people in the world who are 60 years of age or older, a total of 2.1 billion people. Furthermore, it is anticipated that between 2020 and 2050, the number of individuals 80 years of age or older will triple, reaching 426 million. Consequently, supplemental vitamin B is essential to maintain healthy nerves, energy metabolism, and cognitive function associated with aging. As a result, the growing geriatric population is driving the vitamin B products demand to stay active and improve general health as they age.
  • Chronic diseases, such as cardiovascular disease (CVD) affect 7.6 million people in the UK as per the BRITISH HEART FOUNDATION in January 2024. Still, approximately 27% of all deaths in the UK are related to heart and circulation diseases. This translates to over 170,000 deaths annually, 480 deaths each day, or one death every 3 minutes. As a result, getting enough Vitamin B has drawn attention due to its possible role in lowering the risk and improving the symptoms of some chronic illnesses. Moreover, studies indicate that taking supplements of vitamin B may have advantages including better glycemic control, cancer prevention, and cardiovascular health by prioritizing preventive healthcare methods.

Vitamin B News

The report covers the latest developments, updates, and trends impacting the global vitamin B market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in vitamin B production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that shape the industry landscape.

Latest developments in the vitamin B industry:

  • In February 2023, The Vitamin Shoppe is pleased to provide TrueYouTM Beauty, a line of formulated body care products that nourish skin and inspire every woman to express her inner beauty. A variety of clean-formulated body washes, scrubs, lotions, body butter, and other products are included in this collection while some of the products are enhanced with the unique Core 5 Nutrient Complex for further advantages. This exclusive, trademarked blend comprises Vitamin B3 (niacinamide) to enhance skin brightness, fortify the skin barrier, and diminish the appearance of enlarged pores, alongside Vitamin C (ascorbic acid) to enhance skin radiance and promote a more uniform complexion.

Product Description

Vitamin B is a water-soluble vitamin vital for energy production, metabolism, and general health. For instance, Vitamins B1 (thiamine), B2 (riboflavin), B3 (niacin), B5 (pantothenic acid), B6 (pyridoxine), B7 (biotin), B9 (folate), and B12 (cobalamin) are among those in this category. For example, certain bacteria, plants, fungi, and mammals can all produce these vitamins. Vitamin B12 is the only B vitamin that the body is unable to produce on its own, thus people must obtain it from foods or supplements. Vitamin B can also be found in meat, fish, poultry, dairy, eggs, leafy greens, legumes, nuts, and fortified cereals. These vitamins are essential for many biological functions, including the synthesis of DNA, the production of red blood cells, the metabolism of proteins, fats, and carbohydrates, and the function of the neurological system.

Regional Coverage

The report provides a detailed analysis of the vitamin B market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the price trends.

Global Vitamin B Price

The report offers a holistic view of the global vitamin B pricing trends, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level.

Europe Vitamin B Price

European vitamin B prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.

This analysis can be extended to include detailed vitamin B price information for a comprehensive list of countries.

Region Countries Covered
Europe Germany, France, United Kingdom, Italy,  Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries.


North America Vitamin B Price

The analysis of vitamin B prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.

Specific data on vitamin B prices within the United States and Canada can also be provided.

Region Countries Covered
North America United States and Canada


Middle East and Africa Vitamin B Price

The report explores the vitamin B pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.

In addition to region-wise data, information on vitamin B prices for countries can also be provided.

Region Countries Covered
Middle East & Africa Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries.


Asia Pacific Vitamin B Price

The vitamin B pricing trends in the Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.

This analysis can be further extended to include detailed vitamin B prices for a comprehensive list of countries within the region.

Region Countries Covered
Asia Pacific China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries.


Latin America Vitamin B Price

The analysis of vitamin B prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.

This comprehensive review can be extended to include specific countries within the region.

Region Countries Covered
Latin America Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries.


Report Coverage

Key Attributes Details
Product Name Vitamin B
Report Features Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Price Analysis, and Segment-Wise Assessment.
Currency/Units US$ (Data can also be provided in local currency) or Metric Tons
Region/Countries Covered The current coverage includes analysis at the global and regional levels only. 
 
Based on your requirements, we can also customize the report and provide specific information for the following countries: 
 
Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand*
 
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* 
 
North America: United States and Canada

Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru*

Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco*

*The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client.
Information Covered for Key Suppliers
  • Company Overview
  • Business Description
  • Product Portfolio
  • Recent Trends and Developments
Customization Scope The report can be customized as per the requirements of the customer
Report Price and Purchase Option

Plan A: Monthly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Month
    • Forecast for Next Month
  • Total Deliverables Per Year: 12 (One Per Month)
  • Includes: One PDF and Excel datasheet per month, Post Purchase Analyst Support throughout the year

Plan B: Quarterly Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Quarter
    • Forecast for Next Quarter
  • Total Deliverables Per Year: 4 (One Per Quarter)
  • Includes: One PDF and Excel datasheet per Quarter, Post Purchase Analyst Support throughout the year

Plan C: Biannually Updates - Annual Subscription

  • Scope
    • Historical Data for the Current Half
    • Forecast for the Next Half
  • Total Deliverables Per Year: 2 (One Per 6 Months)
  • Includes: One PDF and Excel datasheet per Half, Post Purchase Analyst Support throughout the year  
Post-Sale Analyst Support  360-degree analyst support after report delivery
Delivery Format PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) 


Key Benefits for Stakeholders:

  • IMARC’s report presents a detailed analysis of vitamin B pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
  • The study examines factors affecting vitamin B price volatility, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
  • The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
  • IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights, ensuring they remain at the forefront of the vitamin B industry.

Need more help?

  • Speak to our experienced analysts for insights on the current market scenarios.
  • Include additional segments and countries to customize the report as per your requirement.
  • Gain an unparalleled competitive advantage in your domain by understanding how to utilize the report and positively impacting your operations and revenue.
  • For further assistance, please connect with our analysts.
Vitamin B Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Purchase options
For 2 Deliverables, Billed Annually

For 4 Deliverables, Billed Annually

For 12 Deliverables, Billed Annually


Benefits of Customization

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