Thiamine Mononitrate Market Size

Thiamine Mononitrate (Vitamin B1) Market size was over USD 712.64 Million in 2023 and is expected to cross USD 1.31 Billion by the end of 2036, growing at more than 4.8% CAGR during the forecast period i.e., between 2024-2036. In the year 2024, the industry size of thiamine mononitrate (Vitamin B1) is estimated at USD 743.43 Million. The growth of the market can be attributed to the increasing utilization of thiamine mononitrate as a food additive as of its various benefits for health. For instance, Vitamin B1 is also referred to as thiamine mononitrate. It promotes the health of the neurological and cardiovascular systems. It is also used in certain foods to keep nutrient levels stable during processing. It aids in the maintenance of proper neural, muscle, and myocardium function. It also maintains gastrointestinal peristalsis, normal appetite, and secretion of digestive juice. Further, the growing use of thiamine mononitrate as a feed additive, and as a pharmaceutical ingredient is also estimated to fuel the growth of the global thiamine mononitrate (vitamin B1) market during the forecast period.

In addition to these, factors that are believed to fuel the market growth of thiamine mononitrate (vitamin B1) include the rising use of thiamine mononitrate in numerous anti-aging products as of its great anti-oxidant properties, along with the increasing proportion of aged people across the globe. For instance, Thiamine is oxidized to thiochrome and thiamine disulfide through interactions with free radicals and hydroperoxides. The sequential transfer of 2H (+) from the NH (2) group of the pyrimidine ring and H (+) from the thiazole ring (after its opening) to reactive substrates is probably the reason for thiamine's antioxidant activity. Additionally, the growing awareness in people regarding the numerous health benefits of thiamine mononitrate, along with the rising stances of short-term memory loss is also predicted to proliferate the market growth over the projected time frame.