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Vitamin B5 Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2020-2030F

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    Report

  • 185 Pages
  • May 2025
  • Region: Global
  • TechSci Research
  • ID: 6089616
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The Vitamin B5 Market was valued at USD 347.08 Million in 2024, and is expected to reach USD 669.99 Million by 2030, rising at a CAGR of 5.06%. Known as pantothenic acid, Vitamin B5 plays a crucial role in energy metabolism, coenzyme A synthesis, and maintaining skin, hair, and nervous system health. Rising consumer emphasis on preventive healthcare and wellness has spurred demand for Vitamin B5-enriched dietary supplements and fortified foods. The pharmaceutical industry further propels this growth by leveraging the vitamin in formulations for metabolic and skin health. However, challenges such as raw material cost fluctuations and supply inconsistencies persist. To address these, manufacturers are investing in advanced production methods and enhancing supply chain efficiency.

Key Market Drivers

Growth in Pharmaceutical Industry

The global pharmaceutical sector's rapid expansion is a significant force behind the rising demand for Vitamin B5. With revenues hitting around USD 1.6 trillion in 2023, the industry's scale rivals national economies. Vitamin B5 is increasingly used in pharmaceutical applications due to its role in metabolic functions and coenzyme A synthesis. Its inclusion in multivitamins, dermatological products, and metabolic health supplements has grown, especially in response to the increasing prevalence of lifestyle-related diseases like diabetes and cardiovascular conditions. High-purity IP-grade Vitamin B5 is favored for its compliance with pharmacopeial standards and essential health benefits, solidifying its role in the nutraceutical and pharmaceutical sectors.

Key Market Challenges

Limited Consumer Awareness

One major obstacle for the global Vitamin B5 market is the general lack of consumer awareness about its benefits. Despite its vital role in energy metabolism and skin health, Vitamin B5 is less recognized compared to other B vitamins. This limited visibility affects consumer purchasing behavior, especially in regions with lower health literacy. As a result, demand for Vitamin B5-fortified products remains modest in such markets, where consumers are more familiar with other, more prominently marketed nutrients.

Key Market Trends

Expansion in Functional Foods and Beverages

A key trend shaping the Vitamin B5 market is the surge in functional food and beverage consumption, driven by growing wellness consciousness. Manufacturers are incorporating Vitamin B5 into an array of products such as energy drinks, nutritional bars, and dietary supplements to meet consumer demand for health-boosting ingredients. This trend is supported by increased awareness of Vitamin B5’s contributions to metabolism, stress management, and skin care, positioning it as a valuable component in products targeting active and health-conscious consumers.

Key Market Players

  • Yifan Pharmaceutical
  • Xinfa Pharmaceutical Co., Ltd
  • Brother Enterprises Holding Co., Ltd
  • Shandong Hwatson Biochem Co.,Ltd
  • Shandong Huachen Pharmaceutical Co., Ltd
  • BASF SE
  • DSM-Firmenich
  • Anhui Tiger Biotech Co., Ltd
  • U.K. Vet Chem
  • Avanscure Lifesciences Pvt. Ltd

Report Scope

In this report, the Global Vitamin B5 Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

Vitamin B5 Market, By Sales Channel:

  • Direct
  • Indirect

Vitamin B5 Market, By End Use:

  • Animal Feed Additives
  • Pharmaceuticals
  • Food & Beverages
  • Personal Care
  • Others

Vitamin B5 Market, By Region:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • France
  • United Kingdom
  • Italy
  • Germany
  • Spain
  • Asia Pacific
  • China
  • India
  • Japan
  • Australia
  • South Korea
  • South America
  • Brazil
  • Argentina
  • Colombia
  • Middle East & Africa
  • South Africa
  • Saudi Arabia
  • UAE

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the Global Vitamin B5 Market.

Available Customizations

With the given market data, the publisher offers customizations according to a company's specific needs. The following customization options are available for the report.

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

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Table of Contents

1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.2.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Impact of COVID-19 on Global Vitamin B5 Market
5. Global Vitamin B5 Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Sales Channel (Direct, Indirect)
5.2.2. By End Use (Animal Feed Additives, Pharmaceuticals, Food & Beverages, Personal Care, Others)
5.2.3. By Region
5.2.4. By Company (2024)
5.3. Market Map
6. North America Vitamin B5 Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Sales Channel
6.2.2. By End Use
6.2.3. By Country
6.3. North America: Country Analysis
6.3.1. United States Vitamin B5 Market Outlook
6.3.1.1. Market Size & Forecast
6.3.1.1.1. By Value
6.3.1.2. Market Share & Forecast
6.3.1.2.1. By Sales Channel
6.3.1.2.2. By End Use
6.3.2. Mexico Vitamin B5 Market Outlook
6.3.2.1. Market Size & Forecast
6.3.2.1.1. By Value
6.3.2.2. Market Share & Forecast
6.3.2.2.1. By Sales Channel
6.3.2.2.2. By End Use
6.3.3. Canada Vitamin B5 Market Outlook
6.3.3.1. Market Size & Forecast
6.3.3.1.1. By Value
6.3.3.2. Market Share & Forecast
6.3.3.2.1. By Sales Channel
6.3.3.2.2. By End Use
7. Europe Vitamin B5 Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Sales Channel
7.2.2. By End Use
7.2.3. By Country
7.3. Europe: Country Analysis
7.3.1. France Vitamin B5 Market Outlook
7.3.1.1. Market Size & Forecast
7.3.1.1.1. By Value
7.3.1.2. Market Share & Forecast
7.3.1.2.1. By Sales Channel
7.3.1.2.2. By End Use
7.3.2. Germany Vitamin B5 Market Outlook
7.3.2.1. Market Size & Forecast
7.3.2.1.1. By Value
7.3.2.2. Market Share & Forecast
7.3.2.2.1. By Sales Channel
7.3.2.2.2. By End Use
7.3.3. United Kingdom Vitamin B5 Market Outlook
7.3.3.1. Market Size & Forecast
7.3.3.1.1. By Value
7.3.3.2. Market Share & Forecast
7.3.3.2.1. By Sales Channel
7.3.3.2.2. By End Use
7.3.4. Italy Vitamin B5 Market Outlook
7.3.4.1. Market Size & Forecast
7.3.4.1.1. By Value
7.3.4.2. Market Share & Forecast
7.3.4.2.1. By Sales Channel
7.3.4.2.2. By End Use
7.3.5. Spain Vitamin B5 Market Outlook
7.3.5.1. Market Size & Forecast
7.3.5.1.1. By Value
7.3.5.2. Market Share & Forecast
7.3.5.2.1. By Sales Channel
7.3.5.2.2. By End Use
8. Asia Pacific Vitamin B5 Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Sales Channel
8.2.2. By End Use
8.2.3. By Country
8.3. Asia Pacific: Country Analysis
8.3.1. China Vitamin B5 Market Outlook
8.3.1.1. Market Size & Forecast
8.3.1.1.1. By Value
8.3.1.2. Market Share & Forecast
8.3.1.2.1. By Sales Channel
8.3.1.2.2. By End Use
8.3.2. India Vitamin B5 Market Outlook
8.3.2.1. Market Size & Forecast
8.3.2.1.1. By Value
8.3.2.2. Market Share & Forecast
8.3.2.2.1. By Sales Channel
8.3.2.2.2. By End Use
8.3.3. South Korea Vitamin B5 Market Outlook
8.3.3.1. Market Size & Forecast
8.3.3.1.1. By Value
8.3.3.2. Market Share & Forecast
8.3.3.2.1. By Sales Channel
8.3.3.2.2. By End Use
8.3.4. Japan Vitamin B5 Market Outlook
8.3.4.1. Market Size & Forecast
8.3.4.1.1. By Value
8.3.4.2. Market Share & Forecast
8.3.4.2.1. By Sales Channel
8.3.4.2.2. By End Use
8.3.5. Australia Vitamin B5 Market Outlook
8.3.5.1. Market Size & Forecast
8.3.5.1.1. By Value
8.3.5.2. Market Share & Forecast
8.3.5.2.1. By Sales Channel
8.3.5.2.2. By End Use
9. South America Vitamin B5 Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Sales Channel
9.2.2. By End Use
9.2.3. By Country
9.3. South America: Country Analysis
9.3.1. Brazil Vitamin B5 Market Outlook
9.3.1.1. Market Size & Forecast
9.3.1.1.1. By Value
9.3.1.2. Market Share & Forecast
9.3.1.2.1. By Sales Channel
9.3.1.2.2. By End Use
9.3.2. Argentina Vitamin B5 Market Outlook
9.3.2.1. Market Size & Forecast
9.3.2.1.1. By Value
9.3.2.2. Market Share & Forecast
9.3.2.2.1. By Sales Channel
9.3.2.2.2. By End Use
9.3.3. Colombia Vitamin B5 Market Outlook
9.3.3.1. Market Size & Forecast
9.3.3.1.1. By Value
9.3.3.2. Market Share & Forecast
9.3.3.2.1. By Sales Channel
9.3.3.2.2. By End Use
10. Middle East and Africa Vitamin B5 Market Outlook
10.1. Market Size & Forecast
10.1.1. By Value
10.2. Market Share & Forecast
10.2.1. By Sales Channel
10.2.2. By End Use
10.2.3. By Country
10.3. MEA: Country Analysis
10.3.1. South Africa Vitamin B5 Market Outlook
10.3.1.1. Market Size & Forecast
10.3.1.1.1. By Value
10.3.1.2. Market Share & Forecast
10.3.1.2.1. By Sales Channel
10.3.1.2.2. By End Use
10.3.2. Saudi Arabia Vitamin B5 Market Outlook
10.3.2.1. Market Size & Forecast
10.3.2.1.1. By Value
10.3.2.2. Market Share & Forecast
10.3.2.2.1. By Sales Channel
10.3.2.2.2. By End Use
10.3.3. UAE Vitamin B5 Market Outlook
10.3.3.1. Market Size & Forecast
10.3.3.1.1. By Value
10.3.3.2. Market Share & Forecast
10.3.3.2.1. By Sales Channel
10.3.3.2.2. By End Use
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
12.1. Merger & Acquisition (If Any)
12.2. Product Launches (If Any)
12.3. Recent Developments
13. Global Vitamin B5 Market: SWOT Analysis
14. Porters Five Forces Analysis
14.1. Competition in the Industry
14.2. Potential of New Entrants
14.3. Power of Suppliers
14.4. Power of Customers
14.5. Threat of Substitute Products
15. Competitive Landscape
15.1. Yifan Pharmaceutical
15.1.1. Business Overview
15.1.2. Company Snapshot
15.1.3. Products & Services
15.1.4. Financials (As Reported)
15.1.5. Recent Developments
15.1.6. Key Personnel Details
15.1.7. SWOT Analysis
15.2. Xinfa Pharmaceutical Co., Ltd
15.3. Brother Enterprises Holding Co., Ltd
15.4. Shandong Hwatson Biochem Co.,Ltd
15.5. Shandong Huachen Pharmaceutical Co., Ltd
15.6. BASF SE
15.7. DSM-Firmenich
15.8. Anhui Tiger Biotech Co., Ltd
15.9. U.K. Vet Chem
15.10. Avanscure Lifesciences Pvt. Ltd
16. Strategic Recommendations17. About the Publisher & Disclaimer

Companies Mentioned

  • Yifan Pharmaceutical
  • Xinfa Pharmaceutical Co., Ltd
  • Brother Enterprises Holding Co., Ltd
  • Shandong Hwatson Biochem Co.,Ltd
  • Shandong Huachen Pharmaceutical Co., Ltd
  • BASF SE
  • DSM-Firmenich
  • Anhui Tiger Biotech Co., Ltd
  • U.K. Vet Chem
  • Avanscure Lifesciences Pvt. Ltd

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