India Vitamin B6 (Pyridoxine) Market to grow at a steady rate During the Forecast Period

By | October 16, 2020
India Vitamin B6 (Pyridoxine) Market

Growing adoption of pyridoxine (Vitamin B6) enriched dietary supplements due its health benefits is expected to drive the growth of India vitamin B6 (Pyridoxine) market.

According to TechSci Research report, India Vitamin B6 (Pyridoxine) Market By Type (Food Grade, Feed Grade, Pharmaceutical Grade), By Industry (Food Industry, Pharmaceutical Industry, Animal Nutrition, Others), By Source (In-house v/s Contract Manufacturing Organizations), By Form (Tablet, Capsule, Syrup, Cream, Injection, Others), By Distribution Channel (Online v/s Offline), By Product Type (Prescription v/s OTC), By Application (Anaemia, Muscular Cramps, Insomnia, Menopausal Depression, Fatigue, Water Retention, Premenstrual Syndrome, Others), By End User (Adult v/s Pediatric), By Company, By Region, Forecast & Opportunities, FY2026”, the India vitamin B6 (Pyridoxine) market is expected to grow at a steady rate during the forecast period on account of the increasing vitamin deficiency amongst population. Also, rising trend towards healthy living and preventive healthcare among the consumers is creating growth opportunities for pyridoxine market over the forecast period. Moreover, expanding urbanization is leading to hectic lifestyles of the consumers, which in turn results in lack of proper diet required to maintain body health. Increasing deficiency of vitamins in the body due to lack of appropriate nutrients can lead to several health issues and diseases. To avoid such a condition, consumers are switching towards dietary supplements including vitamin B6. This in turn is expected to fuel the market growth through FY2026. Vitamin B6 (Pyridoxine) also helps in boosting brain function as it helps in neuron transmission in the brain. This is expected to drive the market growth in the forthcoming years. Besides, growing concern regarding animal welfare and nutritional animal feed is making headway for the growth of India vitamin B6 (Pyridoxine) market in the years to come. However, stringent regulations imposed on vitamin B6 (Pyridoxine) by regulatory authorities can restrict the market growth over the next few years.

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The India vitamin B6 (Pyridoxine) market is segmented based on type, industry, source, form, distribution channel, product type, application, end user, company and region. Based on industry, the market can be fragmented into food industry, pharmaceutical industry, animal nutrition, others. The pharmaceutical industry segment is expected to dominate the market in the coming years on account of its extensive use for the nutritional enrichment of food products such as cereals, rice, flour, confectionary, and others. Depending upon applications, the market is fragmented into anaemia, muscular cramps, insomnia, menopausal depression, fatigue, water retention, premenstrual syndrome, others. Out of which, anaemia is projected to dominate the market over the forecast period as it is widely used for curing anaemic patients.

DSM Nutritional Products India Pvt. Ltd., Overseas Healthcare Private Limited, Elder Pharmaceuticals Pvt. Ltd., IPCA Laboratories Ltd., Cadila Pharmaceuticals, Cipla Limited, Concept Pharmaceuticals, Wockhardt Limited, Albert David Limited, Welfo Pharmaceuticals. and others are some of the leading players operating in India vitamin B6 market. Companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their market share and to expand their geographic reach.

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“India vitamin B6 market is expected to witness growth during the forecast period on account of growing adoption of pyridoxine (Vitamin B6) enriched dietary supplements. Furthermore, growing vitamin B6 manufacturers in the country is further expected to fuel the market growth through FY2026. Also, vitamin B6 (Pyridoxine) is essential for the regulation of mental function & mood and also in the metabolism of homocysteine. In addition to this, it is crucial for haemoglobin in the blood. These are some factors that are expected to create lucrative opportunities for the market growth over the next five years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based India management consulting firm.

“India Vitamin B6 (Pyridoxine) Market By Type (Food Grade, Feed Grade, Pharmaceutical Grade), By Industry (Food Industry, Pharmaceutical Industry, Animal Nutrition, Others), By Source (In-house v/s Contract Manufacturing Organizations), By Form (Tablet, Capsule, Syrup, Cream, Injection, Others), By Distribution Channel (Online v/s Offline), By Product Type (Prescription v/s OTC), By Application (Anaemia, Muscular Cramps, Insomnia, Menopausal Depression, Fatigue, Water Retention, Premenstrual Syndrome, Others), By End User (Adult v/s Pediatric), By Company, By Region, Forecast & Opportunities, FY2026”, has evaluated the future growth potential of India vitamin B6 (Pyridoxine) market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in India vitamin B6 market.

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