Reports and Data’s latest industry analysis report is a reliable source of information on the global Thiamine Hydrochloride industry and its key segments. The report lays stress on the current market size, market share and key market dynamics including drivers, restraints, opportunities, supply & demand ratios, upcoming market trends, technological innovations, and value chain analysis. The accurate market projections contained in the report are predicated on historical and present market data and effective research methodologies. The report presents quantitative and qualitative industry insights, along with vital information related to market revenue growth rate, industry annual sales, regional outlook, product type & application ranges, and key industry statistics. Furthermore, the report discusses some major challenges, imminent threats, unfavorable government policies, and stringent regulatory frameworks in the market that are likely to negatively impact its growth in the years to come.
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Further key findings from the report suggest
- By grade, the feed grade thiamine hydrochloride held a substantial market size in 2018. Feed grade product are meant to cater to the needs of the animal owing to various changes arising from factors, comprising genetic lines, the influence of changing seasons, and diverse animal physiologies, among others.
- By distribution channel, the offline distribution channel contributed to the largest market share in 2018 and is expected to grow at a rate of 3.4% in the forecast period. Offline channel is the most preferred channel for distribution as it includes the opportunity for customers to create personal connections with business, which is beneficial in building loyalty.
- By application, food & beverage applications held the largest market share in 2018 and is expected to grow at a rate of 4.1% in the forecast period.
- The market in the Asia Pacific region dominated market share in 2018 and is forecasted to grow at a rate of 4.9% in the forecast period. Growing inclination to maintain a healthy wellbeing, increase in population, and a rise in the level of disposable income are among the reasons that drive the growth of the market in the region.
- Key participants include Xinfa Pharmaceutical Co. Ltd., Wuxi Weikang Curative Chemical Co. Ltd., TCI Chemical, Huazhong Pharmaceutical Co. Ltd., Hubei Jusheng Technology Co. Ltd., Shanghai Science Biotechnology Co. Ltd., Beijing Yunbang Biosiciences Co. Ltd., Haihang Industry Co. Ltd., Qcbio Science & Technologies Co. Ltd., and DSM Nutritional Products AG, among others.
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For the purpose of this report, Reports and Data have segmented the global thiamine hydrochloride market on the basis of grade, distribution channel, application, and region:
Grade Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Food Grade
- Feed Grade
- Pharmaceutical Grade
Distribution Channel Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Online
- Offline
Application Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- Animal Feed
- Pharmaceutical
- Personal care & Cosmetics
Regional Outlook (Volume, Kilo Tons; 2016-2027 and Revenue, USD Million; 2016-2027)
- North America
- U.S
- Europe
- U.K
- France
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- MEA
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The materials & chemicals industry consists of companies that engage in the manufacture of a wide range of industrial and commercial products using various chemicals and raw materials such as oil, natural gas, metals, and minerals. Growing demand for consumer products such as soaps, perfumes, detergents, extensive usage of chemicals and raw materials in industries including buildings & construction, food & beverage, and agriculture, and increasing demand for environmentally sustainable raw materials and chemicals are among the key drivers for the industry growth. Rising environmental awareness, technological advancements in various chemical products, development of organic chemicals and materials, growing use of high-performance agrochemicals and specialty chemicals are other major factors bolstering the growth of this industry.
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