India Vitamin B6 (Pyridoxine) Market Trend, Growth, Share, Size & Forecast 2026
India vitamin B6 (Pyridoxine) market is expected to grow at a steady rate during the forecast period. The India vitamin B6 (Pyridoxine) market is driven by surging demand for vitamin enriched food & beverage products among the population owing to the health benefits it offers. Additionally, favorable growth of food & beverages, animal feed, and pharmaceutical industries in the country is further expected to boost the demand through FY2026. Mounting health awareness among the citizens is further predicted to increase the product demand in the forthcoming years.
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 form, the market is segmented into tablet, capsule, syrup, cream, injection, others. Among them, the capsule segment was the dominant segment in the market in 2017 which is attributable to their ease of availability and usage as compared to other alternatives. In terms of type, the market is fragmented into food grade, feed grade, pharmaceutical grade. Out of which, the pharmaceutical grade type is expected to dominate the market owing to rapidly growing pharmaceutical industry. In addition to this, the extensive use of pyridoxine hydrochloride (Vitamin B6) in the preparation of solid & liquid pharmaceutical preparations, is further boosting the segmental growth in the years to come.
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The major players operating in the India vitamin B6 (Pyridoxine) market are 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. Major companies are developing advanced technologies, receiving approvals from regulatory bodies, and launching new products in order to stay competitive in the market. Other inorganic growth strategies include mergers & acquisitions, joint ventures, and new product developments in order to sustain themselves amidst fierce competition. Besides, the food and beverage manufacturers are conscious regarding the changing consumers eating habit towards healthy and fortified food products; hence they are focusing more towards new innovations to enhance the efficiency and efficacy of their products through fortifying their conventional offerings with pyridoxine to cater to the changing consumers demand.
Years considered for this report:
Historical Years: FY2016-FY2019
Base Year: FY2020
Estimated Year: FY2021
Forecast Period: FY2022–FY2026
Objective of the Study:
- To analyze and estimate the market size of India vitamin B6 (Pyridoxine) market from FY2016 to FY2019.
- To estimate and forecast the market size of India vitamin B6 (Pyridoxine) market from FY2020 to FY2026 and growth rate until FY2026.
- To classify and forecast India vitamin B6 (Pyridoxine) market based on type, industry, source, form, distribution channel, product type, application, end user, company, and regional distribution.
- To identify dominant region or segment in the India vitamin B6 (Pyridoxine) market.
- To identify drivers and challenges for India vitamin B6 (Pyridoxine) market.
- To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in India vitamin B6 (Pyridoxine) market.
- To identify and analyze the profile of leading players operating in India vitamin B6 (Pyridoxine) market.
- To identify key sustainable strategies adopted by market players in India vitamin B6 (Pyridoxine) market.
TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers across the globe. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the globe.
TechSci Research calculated the market size of India vitamin B6 (Pyridoxine) market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.
Key Target Audience:
- Vitamin B6 (Pyridoxine) manufacturers/ suppliers/ distributors
- Market research and consulting firms
- Government bodies such as regulating authorities and policy makers
- Organizations, forums and alliances related to vitamin B6 (Pyridoxine)
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
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