Thiamine Market Growth: From USD 1,238.2 Million in 2024 to USD 2,497 Million by 2034 | Future Market Insights, Inc. [Yahoo! Finance]
Archer-Daniels-Midland Company (ADM)
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Source: Yahoo! Finance
Thiamine, or vitamin B1, is essential for energy metabolism and overall health, making it a key component in fortified foods, particularly in the food and beverage industry. NEWARK, Del, Sept. 23, 2024 (GLOBE NEWSWIRE) -- The global thiamine market is projected to reach a value of USD 1,238.2 million by 2024 and grow to USD 2,497 million by 2034 . Sales are expected to increase at a CAGR of 7.3% during the forecast period from 2024 to 2034. In 2023, the market generated USD 1,166.2 million, with a forecasted year-over-year growth of 6.2% in 2024. North America is poised to hold around 25% of the global market share, driven by the presence of well-established industries in the United States that utilize thiamine (vitamin B1). The steady growth and development of these sectors contribute to the sustained and rising demand for the micronutrient. The robust food and beverage industry in the United States plays a significant role in driving high thiamine consumption. The Food and Dru
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