Vitamin B1 Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application

By: HDIN Research Published: 2025-07-06 Pages: 89
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Vitamin B1 Market Summary
Introduction
The Vitamin B1 market, centered on thiamine, a vital water-soluble vitamin essential for carbohydrate metabolism, nervous system function, and energy production, serves critical roles in human and animal health. Also known as thiamine hydrochloride or thiamine mononitrate, Vitamin B1 is utilized across three primary applications: feed, food, and pharmaceutical industries, addressing animal nutrition, fortified foods, and dietary supplements or medical formulations. The market is driven by increasing global demand for nutritional supplements, rising health awareness, and the expansion of livestock and aquaculture industries, particularly for feed-grade thiamine to enhance animal growth and health. The pharmaceutical sector benefits from Vitamin B1’s role in treating conditions like beriberi and neurological disorders, while the food industry leverages it for fortifying cereals, beverages, and functional foods. The market is highly concentrated, with Jiangxi Tianxin Pharmaceutical leading global production with a capacity of 7,000 tons annually, followed by Xinfa Pharmaceutical (3,300 tons after smart manufacturing upgrades), Brother Enterprises (3,200 tons), and Huazhong Pharmaceutical (3,000 tons). Asia Pacific, particularly China, dominates production and consumption due to its robust manufacturing infrastructure and growing health-conscious population. Emerging trends include clean-label and vegan-friendly Vitamin B1 formulations, high-purity products for pharmaceuticals, and sustainable production processes to align with environmental regulations. Challenges include volatile raw material prices, stringent regulatory compliance, and environmental concerns associated with chemical synthesis, which impact market dynamics.

Market Size and Growth Forecast
The global Vitamin B1 market is projected to reach USD 0.7–0.9 billion by 2025, with an estimated compound annual growth rate (CAGR) of 5%–7% through 2030. This growth is driven by rising demand for fortified foods, dietary supplements, and feed additives, supported by increasing global livestock production and advancements in production efficiency.

Regional Analysis
Asia Pacific is expected to lead the Vitamin B1 market with a growth rate of 6%–8%, driven by China, India, and Japan. China dominates due to its large-scale production capacity, led by companies like Jiangxi Tianxin and Xinfa Pharmaceutical, and strong demand from feed and food industries. India’s expanding food processing and pharmaceutical sectors fuel demand for fortified products and supplements, while Japan’s aging population drives pharmaceutical-grade Vitamin B1 for neurological health. The region’s growing livestock and aquaculture sectors further boost feed-grade demand.
North America follows with a growth rate of 4.5%–6.5%, led by the United States and Canada. The U.S. market is propelled by high consumer demand for nutritional supplements and fortified foods, with companies like DSM-Firmenich focusing on high-purity products. Canada’s health and wellness trends support growth in food and pharmaceutical applications, with emphasis on clean-label formulations.
Europe, with a growth rate of 4%–6%, is driven by Germany, France, and the UK. Germany’s strong food and pharmaceutical industries demand high-quality Vitamin B1, while France and the UK prioritize plant-based and clean-label products. The region’s stringent food safety regulations shape market trends toward sustainable production.
South America, with a growth rate of 3.5%–5.5%, sees demand in Brazil and Argentina, driven by expanding livestock and food processing industries. Brazil’s poultry and aquaculture sectors fuel feed-grade Vitamin B1 demand, though economic volatility limits broader adoption.
The Middle East and Africa, with a growth rate of 3%–5%, are led by the UAE and South Africa. The UAE’s growing health supplement market drives pharmaceutical demand, while South Africa’s livestock sector supports feed applications. Limited manufacturing infrastructure poses challenges to growth.

Application Analysis
Feed: Expected to grow at 5.5%–7.5%, this segment dominates due to the global rise in livestock and aquaculture production. Feed-grade Vitamin B1 enhances animal metabolism and growth efficiency, particularly in poultry and swine. Trends focus on high-potency, sustainable formulations to meet increasing global meat consumption.
Food: With a growth rate of 4.5%–6.5%, this segment supports fortified foods like cereals, bakery products, and beverages, driven by consumer demand for functional nutrition. Trends include clean-label, plant-based Vitamin B1 products and innovations in heat-stable formulations for diverse food applications.
Pharmaceutical: Projected to grow at 4%–6%, this segment addresses dietary supplements and medical formulations for neurological health, cardiovascular support, and thiamine deficiency conditions. Trends emphasize high-purity, vegan-friendly products and integration into personalized nutrition solutions.

Key Market Players
DSM-Firmenich: A Swiss-Dutch company, DSM-Firmenich produces high-purity Vitamin B1 for food, pharmaceutical, and feed applications, focusing on sustainable and innovative nutritional solutions.
Brother Enterprises Holding: A Chinese firm, Brother Enterprises manufactures Vitamin B1 with a capacity of 3,200 tons annually, specializing in feed and food-grade products for domestic and export markets.
Jiangxi Tianxin Pharmaceutical: A Chinese company, Jiangxi Tianxin leads global Vitamin B1 production with a capacity of 7,000 tons annually, providing feed, food, and pharmaceutical-grade products.
Huazhong Pharmaceutical: A Chinese manufacturer, Huazhong Pharmaceutical produces Vitamin B1 with a capacity of 3,000 tons, targeting pharmaceutical and feed applications in China’s growing health and livestock sectors.
Xinfa Pharmaceutical: A Chinese firm with a capacity of 3,300 tons after smart manufacturing upgrades, Xinfa Pharmaceutical focuses on feed and pharmaceutical-grade Vitamin B1, serving both domestic and international markets.

Porter’s Five Forces Analysis
●Threat of New Entrants: Moderate. The Vitamin B1 market has high barriers, including significant capital investment for large-scale production facilities and stringent regulatory compliance for food and pharmaceutical grades. Established players like Jiangxi Tianxin and DSM-Firmenich dominate with economies of scale, but new entrants in Asia with cost-competitive offerings slightly increase the threat.
●Threat of Substitutes: Low to Moderate. Alternatives like other B vitamins or natural thiamine sources exist, but Vitamin B1’s unique metabolic role limits substitution. Natural food sources pose a moderate threat in the food segment but lack scalability for feed and pharmaceutical applications.
●Bargaining Power of Buyers: Moderate to High. Buyers, including feed manufacturers, food processors, and pharmaceutical companies, have negotiating power due to multiple suppliers, particularly in Asia Pacific. However, high-purity pharmaceutical-grade products and brand loyalty to firms like DSM-Firmenich balance buyer power.
●Bargaining Power of Suppliers: High. Suppliers of raw materials, such as chemical precursors and intermediates, hold significant leverage due to concentrated supply chains, particularly in China and Europe, and volatile commodity prices.
●Competitive Rivalry: High. The market is highly competitive, with global leaders like DSM-Firmenich and Jiangxi Tianxin competing on quality, production capacity, and innovation. Chinese firms like Brother Enterprises and Xinfa intensify rivalry in cost-sensitive feed and food segments, driving competition through affordability and scalability.

Market Opportunities and Challenges
Opportunities
●Rising Health Awareness: Growing consumer focus on preventive healthcare, particularly in North America and Asia Pacific, drives demand for Vitamin B1 in dietary supplements and fortified foods.
●Livestock Industry Growth: The global increase in poultry, swine, and aquaculture production, especially in China and Brazil, fuels demand for feed-grade Vitamin B1 to enhance animal health and efficiency.
●Clean-Label Trends: Increasing consumer preference for plant-based and clean-label products in Europe and North America creates opportunities for innovative, vegan-friendly Vitamin B1 formulations.
●Pharmaceutical Advancements: The rise of personalized nutrition and treatments for neurological and cardiovascular health supports demand for high-purity pharmaceutical-grade Vitamin B1.
●Emerging Market Expansion: Rapid urbanization and rising incomes in India, Brazil, and the UAE offer potential for affordable Vitamin B1 products in food and feed applications.
Challenges
●Volatile Raw Material Costs: Fluctuations in chemical precursor prices, particularly in concentrated supply chains, increase production costs and challenge profitability, especially for smaller players.
●Regulatory Complexities: Stringent food and pharmaceutical regulations in Europe and North America require costly compliance measures, impacting market entry and expansion.
●Environmental Concerns: Chemical synthesis processes for Vitamin B1 face scrutiny for environmental impact, particularly in Europe, driving demand for sustainable production methods.
●Supply Chain Dependencies: Reliance on concentrated raw material suppliers in China and Europe exposes the market to geopolitical risks and logistical disruptions.
●Intense Price Competition: The crowded feed-grade segment, especially in Asia Pacific, drives price wars, pressuring margins for smaller manufacturers and limiting profitability.
Table of Contents
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Vitamin B1 Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Vitamin B1 by Region
8.2 Import of Vitamin B1 by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Vitamin B1 Market in North America (2020-2030)
9.1 Vitamin B1 Market Size
9.2 Vitamin B1 Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Vitamin B1 Market in South America (2020-2030)
10.1 Vitamin B1 Market Size
10.2 Vitamin B1 Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Vitamin B1 Market in Asia & Pacific (2020-2030)
11.1 Vitamin B1 Market Size
11.2 Vitamin B1 Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast Vitamin B1 Market in Europe (2020-2030)
12.1 Vitamin B1 Market Size
12.2 Vitamin B1 Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Vitamin B1 Market in MEA (2020-2030)
13.1 Vitamin B1 Market Size
13.2 Vitamin B1 Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Vitamin B1 Market (2020-2030)
14.1 Vitamin B1 Market Size
14.2 Vitamin B1 Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Vitamin B1 Market Forecast (2021-2026)
15.1 Vitamin B1 Market Size Forecast
15.2 Vitamin B1 Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 DSM-Firmenich
15.1.1 Company Profile
15.1.2 Main Business and Vitamin B1 Information
15.1.3 SWOT Analysis of DSM-Firmenich
15.1.4 DSM-Firmenich Vitamin B1 Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Brother Enterprises Holding
15.2.1 Company Profile
15.2.2 Main Business and Vitamin B1 Information
15.2.3 SWOT Analysis of Brother Enterprises Holding
15.2.4 Brother Enterprises Holding Vitamin B1 Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Jiangxi Tianxin Pharmaceutical
15.3.1 Company Profile
15.3.2 Main Business and Vitamin B1 Information
15.3.3 SWOT Analysis of Jiangxi Tianxin Pharmaceutical
15.3.4 Jiangxi Tianxin Pharmaceutical Vitamin B1 Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 Huazhong Pharmaceutical
15.4.1 Company Profile
15.4.2 Main Business and Vitamin B1 Information
15.4.3 SWOT Analysis of Huazhong Pharmaceutical
15.4.4 Huazhong Pharmaceutical Vitamin B1 Sales, Revenue, Price and Gross Margin (2020-2025)
15.5 Xinfa Pharmaceutical
15.5.1 Company Profile
15.5.2 Main Business and Vitamin B1 Information
15.5.3 SWOT Analysis of Xinfa Pharmaceutical
15.5.4 Xinfa Pharmaceutical Vitamin B1 Sales, Revenue, Price and Gross Margin (2020-2025)
Please ask for sample pages for full companies list
Table Abbreviation And Acronyms List
Table Research Scope Of Vitamin B1 Report
Table Data Sources Of Vitamin B1 Report
Table Major Assumptions Of Vitamin B1 Report
Table Vitamin B1 Classification
Table Vitamin B1 Applications List
Table Drivers Of Vitamin B1 Market
Table Restraints Of Vitamin B1 Market
Table Opportunities Of Vitamin B1 Market
Table Threats Of Vitamin B1 Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Vitamin B1
Table Cost Structure Analysis Of Vitamin B1
Table Key End Users List
Table Latest News Of Vitamin B1 Market
Table Merger And Acquisition List
Table Planned/Future Project Of Vitamin B1 Market
Table Policy Of Vitamin B1 Market
Table 2020-2030 Regional Export Of Vitamin B1
Table 2020-2030 Regional Import Of Vitamin B1
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Vitamin B1 Market Size And Market Volume List
Table 2020-2030 North America Vitamin B1 Demand List By Application
Table 2020-2025 North America Vitamin B1 Key Players Sales List
Table 2020-2025 North America Vitamin B1 Key Players Market Share List
Table 2020-2030 North America Vitamin B1 Demand List By Type
Table 2020-2025 North America Vitamin B1 Price List By Type
Table 2020-2030 United States Vitamin B1 Market Size And Market Volume List
Table 2020-2030 United States Vitamin B1 Import & Export List
Table 2020-2030 Canada Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Canada Vitamin B1 Import & Export List
Table 2020-2030 Mexico Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Mexico Vitamin B1 Import & Export List
Table 2020-2030 South America Vitamin B1 Market Size And Market Volume List
Table 2020-2030 South America Vitamin B1 Demand List By Application
Table 2020-2025 South America Vitamin B1 Key Players Sales List
Table 2020-2025 South America Vitamin B1 Key Players Market Share List
Table 2020-2030 South America Vitamin B1 Demand List By Type
Table 2020-2025 South America Vitamin B1 Price List By Type
Table 2020-2030 Brazil Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Brazil Vitamin B1 Import & Export List
Table 2020-2030 Argentina Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Argentina Vitamin B1 Import & Export List
Table 2020-2030 Chile Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Chile Vitamin B1 Import & Export List
Table 2020-2030 Peru Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Peru Vitamin B1 Import & Export List
Table 2020-2030 Asia & Pacific Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Vitamin B1 Demand List By Application
Table 2020-2025 Asia & Pacific Vitamin B1 Key Players Sales List
Table 2020-2025 Asia & Pacific Vitamin B1 Key Players Market Share List
Table 2020-2030 Asia & Pacific Vitamin B1 Demand List By Type
Table 2020-2025 Asia & Pacific Vitamin B1 Price List By Type
Table 2020-2030 China Vitamin B1 Market Size And Market Volume List
Table 2020-2030 China Vitamin B1 Import & Export List
Table 2020-2030 India Vitamin B1 Market Size And Market Volume List
Table 2020-2030 India Vitamin B1 Import & Export List
Table 2020-2030 Japan Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Japan Vitamin B1 Import & Export List
Table 2020-2030 South Korea Vitamin B1 Market Size And Market Volume List
Table 2020-2030 South Korea Vitamin B1 Import & Export List
Table 2020-2030 Southeast Asia Vitamin B1 Market Size List
Table 2020-2030 Southeast Asia Vitamin B1 Market Volume List
Table 2020-2030 Southeast Asia Vitamin B1 Import List
Table 2020-2030 Southeast Asia Vitamin B1 Export List
Table 2020-2030 Australia Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Australia Vitamin B1 Import & Export List
Table 2020-2030 Europe Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Europe Vitamin B1 Demand List By Application
Table 2020-2025 Europe Vitamin B1 Key Players Sales List
Table 2020-2025 Europe Vitamin B1 Key Players Market Share List
Table 2020-2030 Europe Vitamin B1 Demand List By Type
Table 2020-2025 Europe Vitamin B1 Price List By Type
Table 2020-2030 Germany Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Germany Vitamin B1 Import & Export List
Table 2020-2030 France Vitamin B1 Market Size And Market Volume List
Table 2020-2030 France Vitamin B1 Import & Export List
Table 2020-2030 United Kingdom Vitamin B1 Market Size And Market Volume List
Table 2020-2030 United Kingdom Vitamin B1 Import & Export List
Table 2020-2030 Italy Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Italy Vitamin B1 Import & Export List
Table 2020-2030 Spain Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Spain Vitamin B1 Import & Export List
Table 2020-2030 Belgium Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Belgium Vitamin B1 Import & Export List
Table 2020-2030 Netherlands Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Netherlands Vitamin B1 Import & Export List
Table 2020-2030 Austria Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Austria Vitamin B1 Import & Export List
Table 2020-2030 Poland Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Poland Vitamin B1 Import & Export List
Table 2020-2030 Russia Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Russia Vitamin B1 Import & Export List
Table 2020-2030 Mea Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Mea Vitamin B1 Demand List By Application
Table 2020-2025 Mea Vitamin B1 Key Players Sales List
Table 2020-2025 Mea Vitamin B1 Key Players Market Share List
Table 2020-2030 Mea Vitamin B1 Demand List By Type
Table 2020-2025 Mea Vitamin B1 Price List By Type
Table 2020-2030 Egypt Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Egypt Vitamin B1 Import & Export List
Table 2020-2030 Israel Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Israel Vitamin B1 Import & Export List
Table 2020-2030 South Africa Vitamin B1 Market Size And Market Volume List
Table 2020-2030 South Africa Vitamin B1 Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Vitamin B1 Import & Export List
Table 2020-2030 Turkey Vitamin B1 Market Size And Market Volume List
Table 2020-2030 Turkey Vitamin B1 Import & Export List
Table 2020-2025 Global Vitamin B1 Market Size List By Region
Table 2020-2025 Global Vitamin B1 Market Size Share List By Region
Table 2020-2025 Global Vitamin B1 Market Volume List By Region
Table 2020-2025 Global Vitamin B1 Market Volume Share List By Region
Table 2020-2025 Global Vitamin B1 Demand List By Application
Table 2020-2025 Global Vitamin B1 Demand Market Share List By Application
Table 2020-2025 Global Vitamin B1 Capacity List
Table 2020-2025 Global Vitamin B1 Key Vendors Capacity Share List
Table 2020-2025 Global Vitamin B1 Key Vendors Production List
Table 2020-2025 Global Vitamin B1 Key Vendors Production Share List
Table 2020-2025 Global Vitamin B1 Key Vendors Production Value List
Table 2020-2025 Global Vitamin B1 Key Vendors Production Value Share List
Table 2020-2025 Global Vitamin B1 Demand List By Type
Table 2020-2025 Global Vitamin B1 Demand Market Share List By Type
Table 2020-2025 Regional Vitamin B1 Price List
Table 2025-2030 Global Vitamin B1 Market Size List By Region
Table 2025-2030 Global Vitamin B1 Market Size Share List By Region
Table 2025-2030 Global Vitamin B1 Market Volume List By Region
Table 2025-2030 Global Vitamin B1 Market Volume Share List By Region
Table 2025-2030 Global Vitamin B1 Demand List By Application
Table 2025-2030 Global Vitamin B1 Demand Market Share List By Application
Table 2025-2030 Global Vitamin B1 Capacity List
Table 2025-2030 Global Vitamin B1 Key Vendors Capacity Share List
Table 2025-2030 Global Vitamin B1 Key Vendors Production List
Table 2025-2030 Global Vitamin B1 Key Vendors Production Share List
Table 2025-2030 Global Vitamin B1 Key Vendors Production Value List
Table 2025-2030 Global Vitamin B1 Key Vendors Production Value Share List
Table 2025-2030 Global Vitamin B1 Demand List By Type
Table 2025-2030 Global Vitamin B1 Demand Market Share List By Type
Table 2025-2030 Vitamin B1 Regional Price List

Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Vitamin B1 Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Vitamin B1 Market Size And Cagr
Figure 2020-2030 North America Vitamin B1 Market Volume And Cagr
Figure 2020-2030 South America Vitamin B1 Market Size And Cagr
Figure 2020-2030 South America Vitamin B1 Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Vitamin B1 Market Size And Cagr
Figure 2020-2030 Asia & Pacific Vitamin B1 Market Volume And Cagr
Figure 2020-2030 Europe Vitamin B1 Market Size And Cagr
Figure 2020-2030 Europe Vitamin B1 Market Volume And Cagr
Figure 2020-2030 Mea Vitamin B1 Market Size And Cagr
Figure 2020-2030 Mea Vitamin B1 Market Volume And Cagr
Figure 2020-2025 Global Vitamin B1 Capacity Production And Growth Rate
Figure 2020-2025 Global Vitamin B1 Production Value And Growth Rate
Figure 2025-2030 Global Vitamin B1 Capacity Production And Growth Rate
Figure 2025-2030 Global Vitamin B1 Production Value And Growth Rate

Research Methodology

  • Market Estimated Methodology:

    Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.

1)Top-down & Bottom-up Approach

Top-down approach uses a general market size figure and determines the percentage that the objective market represents.

Bottom-up approach size the objective market by collecting the sub-segment information.

2)Supply & Demand Approach

Supply approach is based on assessments of the size of each competitor supplying the objective market.

Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.

  • Forecasting Methodology
  • Numerous factors impacting the market trend are considered for forecast model:
  • New technology and application in the future;
  • New project planned/under contraction;
  • Global and regional underlying economic growth;
  • Threatens of substitute products;
  • Industry expert opinion;
  • Policy and Society implication.
  • Analysis Tools

1)PEST Analysis

PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.

  • Benefits of a PEST analysis:
  • It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
  • It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
  • It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
  • It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.

2)Porter’s Five Force Model Analysis

The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.

  • Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
  • Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
  • Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
  • Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
  • Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.

3)Value Chain Analysis

Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.

4)SWOT Analysis

SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.

  • Strengths describe what the player excels at and separates it from the competition
  • Weaknesses stop the player from performing at its optimum level.
  • Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
  • Threats refer to factors that have the potential to harm the player.
  • Data Sources
Primary Sources Secondary Sources
Face to face/Phone Interviews with market participants, such as:
Manufactures;
Distributors;
End-users;
Experts.
Online Survey
Government/International Organization Data:
Annual Report/Presentation/Fact Book
Internet Source Information
Industry Association Data
Free/Purchased Database
Market Research Report
Book/Journal/News

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