Thiamine Market Size and Share Outlook - Forecast Trends and Growth Analysis Report (2025-2034)

The global thiamine market size reached around USD 257.69 Million in 2024. The market is projected to grow at a CAGR of 10.80% between 2025 and 2034 to reach nearly USD 718.61 Million by 2034. The market growth can be attributed to rapid technological advancements in thiamine production processes and the growing demand for health-targeted dietary supplements. Moreover, the rising demand for thiamine from the animal feed industry and rising pharmaceutical production are propelling the market growth.

Global Thiamine Market Growth

In recent times, consumers have steadily increased the demand for fortified food products and beverages amid the growing health consciousness. This is expected to favour the thiamine market expansion. Reportedly, over 2 billion people globally are deficient in micronutrients. Around 1 in 2 pre-school children worldwide have an inadequate intake of essential micronutrients, which can lead to an increase in the incidence of beriberi disease. This is expected to favourably impact the thiamine market revenue in upcoming years.

North America is expected to witness a substantial increase in the demand for thiamine due to the expansion of its healthcare industry. The US pharmaceutical industry accounts for 40% of the world’s total medicine production, and 50% of the overall sales revenue worldwide. By 2030, the pharmaceutical market is expected to produce over USD 1 trillion of medicines, which is expected to favourably impact the thiamine market dynamics. Thiamine tablets are extensively used to treat vitamin B1 deficiencies, which can combat the rising incidences of health problems among Americans.

Key Trends and Developments

Technological advancements; increasing demand for thiamine from the animal feed industry; the growing trend of personalised nutrition; and increasing demand for thiamine in sports nutrition are the major factors favouring the thiamine market growth.

April 2024

Xinfa Pharmaceutical Co., Ltd. announced its decision to invest around USD 0.8 million to expand its existing infrastructural capacity to produce pharmaceutical-grade vitamin solutions. This is expected to increase its vitamin B1 production to 300 tons.

April 2024

A group of researchers from ETH Zurich, National Chung Hsing University (Taiwan), and the University of Geneva developed a thiamine-fortified variety of rice to reduce the incidences of vitamin B-1 deficiency among populations heavily reliant on rice-based diet.

June 2023

Lupin, a pharmaceutical company launched a new Thiamine Hydrochloride injection (100 mg/mL) for the treatment of thiamine deficiency among Americans. This is designed for rapid absorption into the bloodstream of patients, especially those suffering from alcohol dependence or chronic illnesses.

April 2023

The US Centers for Disease Control and Prevention reported that the consumption of dietary supplements increased steadily among American adults, and around 33.33% of children consume them regularly. This is expected to impact the thiamine market dynamics favourably.

Technological advancements

Technological advancements are improving the precision and efficiency of thiamine production processes, thereby enabling the development of better-quality formulations. This includes innovations like advanced extraction methods, improved delivery systems, and high-potency supplements that cater to various consumer requirements. Besides, automation of manufacturing processes has reduced production costs and improved accessibility, thereby driving the thiamine market development.

Increasing demand for thiamine from the animal feed industry

Adequate thiamine intake supports energy metabolism and ensures the overall growth of animals. Thiamine deficiency can adversely impact animal appetite and reduce feed conversion efficiency, thereby negatively affecting farm productivity. By ensuring adequate thiamine intake by livestock, farmers can substantially improve animal health, thereby favouring the thiamine market expansion.

Growing trend of personalised nutrition

With rapid advancements in the development of personalised nutrition, the focus on customising thiamine supplementation for specific genetic profiles and unique health needs is receiving significant attention. The shift towards targeted health supplements is expected to boost the thiamine market revenue in the forecast period.

Increasing demand for thiamine in sports nutrition

Thiamine facilitates energy production, which makes it an essential nutrient in sports drinks and energy bars for fitness enthusiasts and athletes. The burgeoning demand for thiamine-enriched performance-enhancing formulas and energy supplements is contributing to the market growth.

Global Thiamine Market Trends

Increasing demand for plant-based diets

As more people switch towards plant-based diets, consumer awareness of nutritional deficiencies has surged. Thus, plant-based food manufacturers are launching thiamine-fortified plant-based milk and vegan-friendly supplements. This has accelerated the rate of the thiamine market development, as consumers are exhibiting a higher preference for micronutrient-rich food supplements in plant-based products.

Growing demand for nutritional supplements

The demand for thiamine supplements has surged significantly in low-and-middle-income countries that have a higher incidence of malnutrition and poor dietary habits. Thiamine plays a critical role in energy production and enhancing the overall health of the nervous system. This has made it an important ingredient in modern wellness studies, favouring the thiamine market dynamics.

Global Thiamine Industry Segmentation

The report titled “Global Thiamine Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:

Breakup by Application

• Food and Beverages
• Animal Feed
• Pharmaceuticals
• Dietary Supplements
• Others

Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Global Thiamine Market Share

Based on region, the market is segmented into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. Over the forecast period of 2025-2034, the market for thiamine in the Asia Pacific and North America is expected to grow at a CAGR of 11.8% and 10.5%, respectively. The growth of the thiamine market in these regions can be attributed to the burgeoning demand for animal feed and the increasing consumption of health supplements by people.

Based on application, the market can be segmented into food and beverages, animal feed, pharmaceuticals, and dietary supplements, among others. Over the forecast period of 2025-2034, the application of thiamine in the production of dietary supplements and pharmaceuticals is expected to increase at a CAGR of 12.4% and 12.0%, respectively. This can be attributed to the increasing incidence of vitamin B1 deficiency among individuals, which leads to diseases like Wernicke-Korsakoff Syndrome and beri beri.

Leading Companies in the Global Thiamine Market

Major thiamine market players are adopting several growth strategies, including increasing investments in research and development of thiamine supplements to improve the absorption efficiency of thiamine. They are also partnering with major cereal and snack producers to fortify their products.

DSM-Firmenich AG

DSM-Firmenich AG was founded in 2023 and is headquartered in Geneva, Switzerland. It specialises in producing natural ingredients, fragrances, and animal nutrition solutions, among other products.

Xinfa Pharmaceutical Co., Ltd

Xinfa Pharmaceutical Co., Ltd was founded in 1998 and is headquartered in Shandong, China. It is a chemical manufacturing company that produces vitamins, feed additives, veterinary drug ingredients, and essential daily products.

Jiangxi Tianxin Pharmaceutical Co., Ltd.

Jiangxi Tianxin Pharmaceutical Co., Ltd. was formed in September 2004 and is headquartered in China. It specialises in vitamin production, including products of Vitamin B1, Vitamin B6, Biotin, Folic Acid, and Vitamin D3.

LAFFORT

LAFFORT was founded in 1895 and is headquartered in France. It is a fourth-generation family business involved in producing high-quality wines.

Other players included in the thiamine market report are HPC Standards GmbH, and Hefei TNJ Chemical Industry Co., Ltd., among others.