Vitamin B6 Price Trend and Forecast

Vitamin B6 Regional Price Overview

Get the latest insights on price movement and trend analysis of Vitamin B6 in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Vitamin B6 Price Trend for the Second Half of 2023

Vitamin B6 is an important vitamin, also known as pyridoxine, that is important for energy metabolization in the body. The process of bacterial fermentation is usually employed to culture Vitamin B6-producing bacteria, and later, the product is extracted from it for pharmaceuticals and nutraceutical companies to use. So, the prices for Vitamin B6 depend on the price fluctuations of carbohydrate sources like corn and sugar bagasse, along with the downstream demands from the pharmaceutical and nutraceutical sectors.
 

Vitamin B6 Price Chart

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During the second half of the year 2023, the Vitamin B6 market experienced some challenges owing to the declining demand trajectory. The third quarter was slow because of overflowing inventory stocks while the various geopolitical disturbances of the fourth quarter trampled the international trade during this time. So, a slumping price trend was witnessed for Vitamin B6 during the second half of the year 2023.

Analyst Insight

According to Procurement Resource, not much improvement is anticipated in the Vitamin B6 market in the coming months; prices are expected to waver within a limited range going forward.
 

Vitamin B6 Price Trend for the First Half of 2023

Vitamin B6, also known as Pyridoxine, is a water-soluble vitamin that plays an important role in fat and protein metabolism in the body. It also plays a crucial role in erythrocyte production in blood. Like most vitamins fermentation process is employed to produce Vitamin B6 as well.

The first half of the year 2023 witnessed a struggling Vitamin B6 industry. The demands from consuming pharma and nutraceutical sectors were steady but insufficient to support the market trend. However, the overall situation improved with time and was easier in the latter half of H1’23. The global Vitamin B6 market outlook improved in the second quarter compared to the first quarter. General market sentiments were observed to be dull.

Analyst Insight

According to Procurement Resource, the Vitamin B6 market trend are anticipated to improve in the coming months. Demand dynamics are expected to improve for Vitamin B6.

Procurement Resource provides latest prices of Vitamin B6. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.