Global Calcium Pantothenate Market, by Grade (Pharmaceutical Grade, Food Grade, Feed Grade, Cosmetic Grade), by Form (Liquid, Powder, Capsule and Tablets), by End User (Pharmaceutical, Nutraceutical and Animal Feed, Food and Beverages, Cosmetics and Personal Care, Others (Agro-based companies, etc.) ), by Sales Channel (Retailers, Wholesalers, Online Retailers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) is estimated to be valued at US$ 258.4 Million in 2022 and is expected to exhibit a CAGR of 4.3% during the forecast period (2022-2030), as highlighted in a new report published by Coherent Market Insights.
Increasing research and development activities for calcium pantothenate to launch new product in market is expected to drive the market over forecast period. For instance, in April 2021, Medical University of Graz, a medical university in Austria, carried out study for launching dietary supplement to evaluate the effects of natural (Panmol-B-Complex) versus synthetic vitamin B complexes to identify the bioavailability of distinct vitamins as well as long-term effects.
Global Calcium Pantothenate Market – Impact of Coronavirus (COVID-19) Pandemic
The COVID-19 pandemic and lockdowns in various countries across the globe have impacted the financial status of businesses across all sectors, including the private healthcare sector. The COVID-19 pandemic has impacted the entire supply chain of the healthcare industry, mainly due to strict lockdown in several regions. Private healthcare is one such sector that has been impacted significantly by the COVID-19 pandemic.
However, the COVID-19 pandemic had a negative impact on the global calcium pantothenate market, owing to its possible association with the COVID-19 infection. For instance, according to an article published by the National Center for Biotechnology Information, a series of databases relevant to biotechnology and biomedicine, in November 2021, several governments across the globe have imposed nationwide lockdowns to curb the spread of the virus, which resulted in the shutting down of businesses and ceasing of several economic activities. For instance, according to the International Monetary Fund’s 2020 report, the global economy had contracted sharply by 3.0% in 2020, which is worse than the 2008-09 financial crisis. Moreover, the reduced demand for fertilizers and pesticides has indirectly led to low demand for the humic sector across the agricultural sector. However, increasing demand for pharmaceutical drugs, nutritional, and dietary supplements is expected to increase demand for pantothenic acid across the pharmaceuticals sector.
Global Calcium Pantothenate Market: Key Developments
In March 2021, The Food Company, Nutraceutical Company, launched Rhodiola food supplement with Vitamins B5 (calcium pantothenate) and B6 to reduce stress and anxiety and other factors that affect our mental health.
Browse 27 Market Data Tables and 31 Figures spread through 156 Pages and in-depth TOC on “Global Calcium Pantothenate Market ”- Forecast to 2030, Global Calcium Pantothenate Market , by Grade (Pharmaceutical Grade, Food Grade, Feed Grade, Cosmetic Grade), by Form (Liquid, Powder, Capsule and Tablets), by End User (Pharmaceutical, Nutraceutical and Animal Feed, Food and Beverages, Cosmetics and Personal Care, Others (Agro-based companies, etc.) ), by Sales Channel (Retailers, Wholesalers, Online Retailers), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)
To know the latest trends and insights prevalent in this market, click the link below:
https://www.coherentmarketinsights.com/market-insight/calcium-pantothenate-market-5548
Moreover, the calcium pantothenic acid is used in the fortification of several food products, infant nutrition, and animal feed. The rapidly increasing processed food industry, infant nutrition products, and animal feed products is creating a strong demand for pantothenic acid. Thus, players operating in this market are offering, calcium pantothenic acid as a dietary supplement to prevent deficiency of vitamin B5, which is vital for the healthy living of an individual.
Key Takeaways of the Global Calcium Pantothenate Market:
- The global calcium pantothenate market is expected to exhibit a CAGR of 4.3% during the forecast period due to the increasing launch new products in the market by the key players in the market. For instance, in December 2018, Nelsons Natural World, nutraceutical company, launched new range of the dietary supplements called rescue plus. The rescue plus product includes vitamins B5 (calcium pantothenate) & B12.
- Among regions, North America is estimated to account for the largest market share in the global calcium pantothenate market over the forecast period, owing to the increasing prevalence of the depression and stress in that region. For instance, in September 2021, according to the data by the World Health Organization, it was estimated that 5% of U.S. adults suffer from depression. Furthermore, in September 2022, according to the data published by the Center for Disease Control and Prevention, in first of the COVID 19 the prevalence of depression and anxiety in U.S. increased by 38%. Hence, the increasing prevalence of the depression has increased the demand for the vitamin B5 supplement (calcium pantothenate).
- Major players operating in the global calcium pantothenate market include Zhenjiang Gaopeng Pharmaceutical Co. Ltd., Yifan Pharmaceutical, Shandong Hwatson Biochem, Caesar & Loretz GmbH (CAELO), Shandong Xinfa Pharmaceutical, DSM, BASF, Shandong Xinhua Pharmaceutical Co. Ltd., Hebei Jingye Group, Avnochem Limited, Alfa Aesar GmbH & Co KG.
