Pyridoxine Hydrochloride (Vitamin B6) Market Propelled by Growing Vitamin Deficiency Cases Globally

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Pyridoxine hydrochloride (Vitamin B6) is an important water soluble vitamin that plays a key role in metabolism and neurological function. It supports metabolism of proteins, fats, and carbohydrates. It also assists in red blood cell formation. Vitamin B6 also helps regulate homocysteine levels and supports functioning of the nervous and immune systems. The global Pyridoxine Hydrochloride (Vitamin B6) Market is estimated to be valued at US$ 215.4 Mn in 2023 and is expected to exhibit a CAGR of 6.0% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The rising demand for food and dietary supplements is one of the key trends driving the growth of the pyridoxine hydrochloride market. Vitamin B6 is commonly added to processed foods, sports and energy drinks, breakfast cereals, and dietary supplements owing to its varied health benefits. Population around the world is increasingly adopting preventive healthcare approach and consuming dietary supplements to supplement nutritional deficiencies or to support general wellbeing. Emerging economies with increasing disposable income are witnessing rising per capita expenditure on nutritional and dietary supplements. This growing demand for supplements enriched with vitamin B6 is a major factor boosting growth of the pyridoxine hydrochloride market.

Segment Analysis

The global pyridoxine hydrochloride (vitamin B6) market is dominated by pharmaceutical grade segment due to higher demand from pharmaceutical industry for production of various drugs and nutritional supplements. Pharmaceutical grade pyridoxine hydrochloride ensures very high purity level which makes it suitable for drug production where impurities can impact drug efficacy and safety.

Key Takeaways

The global pyridoxine hydrochloride (vitamin B6) market is expected to witness high growth over the forecast period of 2023 to 2030 supported by increasing health awareness among consumers and growing demand from various end use industries.

Regional analysis: Asia Pacific region presently accounts for largest share in pyridoxine hydrochloride (vitamin B6) market owing to robust growth in pharmaceutical industry in China and India. The region is expected to witness fastest growth during forecast period as well led by China. North America and Europe regions also offer lucrative growth opportunities for pyridoxine hydrochloride market players driven by nutritional enrichment programs across countries.

Key players operating in the pyridoxine hydrochloride (vitamin B6) market are Tianxin Pharmaceutical, DSM, Hegno, Sentai, Guangji Pharmaceutical, Acebright Pharmaceuticals Group, BASF SE, Huazhong Pharmaceutical, HuiSheng Pharma, Nanjing Pharmaceutical. Tianxin Pharmaceutical and DSM are currently dominating global production and sales.

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