Vitamin B5 Market Analysis: Growth Challenges, Opportunities and Forthcoming Developments to 2022

Vitamin B5 Market is expected to grow at a significant CAGR in the upcoming years as the scope and its applications are increasing across the globe. Calcium Pantothenate is the calcium salt of the water-soluble vitamin B5. It is usually found in both plants as well as animals comprising meat, cereal grains, eggs, legumes, vegetables, and milk.

Vitamin B5 is a growth factor and is vital for several metabolic functions, including the metabolism of proteins, carbohydrates, and fatty acid. In addition, it is also involved in the synthesis of cholesterol, lipids, neurotransmitters, steroid hormones, and hemoglobin. The factors that propel the growth of the Vitamin B5 (Calcium Pantothenate) Market include increasing demand, rapid urbanization & industrialization, and product development & technological innovations.

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Vitamin B5 (Calcium Pantothenate) Market is classified on the basis of product type, applications, distribution channel and geography. Vitamin B5 (Calcium Pantothenate) Industry is segmented by product type as food grade, feed grade, pharmaceutical grade and others. The market is classified on applications as feed industry, pharmaceutical industry, food industry and others. Vitamin B5 (Calcium Pantothenate) Market is segmented by distribution channel as online stores, specialty stores and others.

Vitamin B5 (Calcium Pantothenate) Market is classified on the basis of geography as North America, Latin America, Western Europe, Eastern Europe, Asia Pacific, Japan and Middle East and Africa. The North American region consists of the U.S., and Canada. Latin America region consists of Mexico and Brazil. The Western European region consists of Germany, Italy, France, England and Spain. The Eastern European region consists of Poland and Russia. Asia Pacific region consists of China, India, ASEAN, Australia & New Zealand. The Middle East and African region consists of GCC, South Africa and North Africa.

Some of the key players that fuel the growth of the Vitamin B5 (Calcium Pantothenate) Market include BASF, DSM, DAI-ICHI KOGYO SEIYAKU, Shandong Xinfa Pharmaceutical, Zhejiang Hangzhou Xinfu Pharmaceutical, Walsun, and others. The key players are focusing on inorganic growth to sustain themselves amidst fierce competition. As such, mergers, acquisitions, and joint ventures are the need of the hour.

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