QYR Market Research Global Vitamin B1 market research | Page 5

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The price of Thiamine was around 20-30 USD/Kg during 2012 to 2014, due to
the fierce competition among manufacturers. Since 2015, the manufacturers
are facing pressure from environmental policy. Manufacturing cost lifted,
while supply ability stagnated. The price of Thiamine increased 32% in 2015,
and 42% in 2016. It is forecasted the price of Thiamine would keep high in
the coming years due to the lack of supply. The Global Vitamin B1 market
volume was 7791 MT in 2016 and it will be 9981 MT in 2023, with a Growth
Rate of 3.60% from 2016 to 2023.The Global Vitamin B1 market size was
442.59 million USD in 2016 and it will be 926.09 million USD in 2023, with a
Growth Rate of 11.12% from 2016 to 2023.
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