Pantothenate Market Displays Higher Growth Inclinations during 2019-2027
Pantothenate is also known as vitamin B5, which includes essential nutrients. It is found in plants as well as in animals such as, cereal grains, legumes, vegetables, and milk. Pantothenate is available especially in D-pantothenic acid, Depaxthenol, and Calcium Pantothenate. Pantothenate helps in making blood cells as well as helps to convert food into energy, which in turn, increase the consumption of pantothenate in global market. It also contains proteins and carbohydrates and other fats. Moreover, pantothenate is used in the food, pharmaceuticals, and cosmetic industries as it has many benefits resulting in its massive demand in the market. Listed are the factors responsible for the pantothenate market growth and are expected to remain significant over the forecast period.
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Increasing Demand
Due to Numerous Application in Food and Pharmaceutical Industries
Consumers nowadays are becoming
increasingly conscious about their diet and prefer protein as well as
nutrition-rich product, therefore demand for vitamin B5 food is expected to
increase, and propel the demand for pantothenate. Also, it has an anti-inflammatory
agent, which helps to stimulate skin healing process easily, which, in turn
drive the pantothenate market globally. Moreover, pantothenate helps to convert
protein, carbohydrates, and other fat into energy, to maintain a healthy
digestive tract, which is one of the primary reason to trigger the market of
pantothenate market. Moreover, pantothenate is also suitable for hair, as it
helps to grow hair by protecting and supporting adrenal glands. Additionally,
changing living style of people and changing food habits have resulted in many
health issues, as well as deficiency of many nutrients and vitamins.
Additionally, pantothenate is beneficial for the skin and makes skin soft and
smooth, which in turn, is likely, to drive the demand for Pantothenate in coming
years. Further, increasing millennial population and their awareness towards
dietary supplement made from pantothenate is estimated to increase the demand
for pantothenate during the forecast period. Furthermore, the need for
pantothenate is also expected to rise among the diabetic population as they
prefer to consume the product, which are new or more beneficial. These are the
factors which are likely to drive the growth of Pantothenate market.
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Pantothenate Market:
Key Players
Some of
the major key players operating in the global pantothenate market are Cargill
Inc.(the U.S.), Deqi Feng, Retrophin, Inc., Xianfeng Cheng, among others. Apart
from the above mentioned companies, many other manufacturers are showing a keen
interest in the pantothenate market, owing to its wide application in food and
pharmaceuticals and cosmetic industries, resulting in high demand for
Pantothenate over the forecast period.
Pantothenate Market
Opportunities
Rising
awareness of consumer, towards their health, around the globe is expected to
drive the demand for natural products, simultaneously driving the market growth
of the pantothenate market. Increasing consumption of functional or protein
food is expected to create opportunities for pantothenate manufacturers to
expand their product offerings in the global Pantothenate market. Pantothenate
is also beneficial for nerve pain and other encephalitic diseases and
manufacturers can introduce their products in the market. Moreover, increasing
awareness of consumers towards skin and hair, due to increasing pollution, also
drive the market of Pantothenate globally, as they pantothenate has rich source
of vitamin B5, which are used in most of the cosmetic and; simantenously
creates opportunities for manufacturers. Due to various application of
pantothenate such as dietary, functional, and others, the demand for
pantothenate in the market is increasing.
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