Vitamin B1 Prices

Chemanalyst18 Oct, 2023Business

The economic conditions in the US have shown signs of improvement in the second quarter of 2023 after a period of instability. However, the domestic Vitamin B1 (thiamine) mononitrate market in North America experienced a price stagnation during this period. The demand for vitamin B1 from pharmaceutical and nutraceutical industries weakened slightly in the second half of Q2. This, coupled with an abundant supply of Vitamin B1 from domestic suppliers, led to price reductions. Inflation in the country has fallen in line with energy prices, but analysts believe it to be temporary due to easing supply chain pressures. Despite mixed sentiment on the price of vitamins and dietary supplements, the nutraceuticals market in the US continues to show a mixed pattern of market activity. Nevertheless, the US economy remains robust and continues its path towards steady and stable growth.