The overall health advantages provided by pantothenic acid to the human body are driving market expansion. Pantothenic acid is widely used to treat disorders such as asthma, digestive issues, allergies, and infections such as yeast infection, heart problems, and others. The relevance of pantothenic acid is that it boosts the body's metabolism and breaks down proteins, carbs, and lipids to create energy. A lack of pantothenic acid can result in a variety of issues, including weariness, depression, and respiratory infections. The lack of understanding about the health advantages of pantothenic acid in emerging economies, such as the majority of African nations, is projected to stymie market expansion throughout the projection period.
According to Coherent Market Insights, the global Pantothenic Acid Market is estimated to surpass US$ 750.7 million by the end of 2028 in terms of revenue, exhibiting a CAGR of 6.2% during the forecast period (2021 to 2028).
Key Companies in the Pantothenic Acid Industry:
1. Nutrina Co., Inc.
Zhengzhou Sigma Chemical Co., Ltd.
Zhejiang Jiuzhou Pharmaceutical Co., Ltd manufactures and sells active pharmaceutical ingredients (API) and intermediates in China and internationally. Zhejiang Jiuzhou Pharmaceutical Co., Ltd was founded in 1973 and is headquartered in Taizhou, China.
2. Foodchem International Corporation
Foodchem International Corporation is a worldwide supplier of high quality food additives, feed additives and other ingredients specializing in manufacturing and supplying of fine chemicals. The company was founded in 2006, headquartered in Shanghai China.
3. Koninklijke DSM N.V.
Koninklijke Philips N.V. operates as a health technology company in North America, the Greater China, and internationally. Koninklijke Philips N.V. was founded in 1891 and is headquartered in Amsterdam, the Netherlands.
4. NOW Health Group, Inc.
NOW Inc. distributes downstream energy and industrial products for petroleum refining, chemical processing, LNG terminals, power generation utilities, and industrial manufacturing operations in the United States, Canada, and internationally. It offers its products under the DistributionNOW and DNOW brand names. The company was founded in 1862 and is headquartered in Houston, Texas.
5. BASF SE
BASF SE operates as a chemical company worldwide. It operates through six segments: Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care, and Agricultural Solutions. BASF SE was founded in 1865 and is headquartered in Ludwigshafen am Rhein, Germany.
6. AccuStandard Inc.
AccuStandard is a leading manufacturer of Certified Reference Materials (CRMs) for Measuring and Testing Electricity and Electrical Signals. Founded in 1985, headquartered in U.S.
7. Merck KGaA
Merck & Co., Inc. operates as a healthcare company worldwide. It operates through two segments, Pharmaceutical and Animal Health. Merck & Co., Inc. was founded in 1891 and is headquartered in Rahway, New Jersey.
8. Toronto Research Chemicals
Toronto Research Chemicals manufacture and supply researchers in the biomedical fields with specialized complex organic small molecules. Headquartered in Ontario, Canada. Founded in Jan1 1982.
9. AcerChem International Inc.
Acerchem is a manufacturing company that offers nutritional supplements, foods, beauty care, fitness formulation, and supply chain services. The company was founded in 2007, headquartered in Singapore.
*Definition- Pantothenic acid is an important vitamin found in foods and accessible as a dietary supplement. Pantothenic acid, generally known as vitamin B5, is a water-soluble vitamin.
