China’s vitamin B6 market is facing tight supply currently, caused by environmental protection measurements and stricter regulations. This trend is likely to go on in the second half of 2017, which will push the price up as manufacturers rise quotations.
According to market intelligence firm CCM, the biggest manufacturer of vitamin B1 and vitamin B6, Chinese Tianxin Pharmaceutical, has raised its quoted price of vitamin B6 by about 10% in the beginning of May. This might be just the beginning of significant price rises of this vitamin in China, as supply gets even tighter.
China, one of the top exporters of vitamins and food ingredients in the world, is facing strict environmental regulations since the end of 2016. The intense inspections have forced many manufacturers to limit or stop their production in order to no exceed pollution wastes.
Local authorities are ordering plans for manufacturers how to keep waste disposal in the environmental standards. Tianxin Pharmaceutical, for example, was ordered to limit the pollution discharge standard to 25% less than national standard and implement portable waste gas detectors.
This is leading to a tight supply situation of vitamin B6 in China, which causes likely significant price rises in the near future.
Other main players in the vitamin B6 market, Shanghai Hegno and Huisheng Pharmaceutical, are also suffering under production suspensions and are not able to reach full capacity anytime soon, according to CCM.
CPhI China 2017
On June 20 to June 22, 2017, the CPhI China will be held in Shanghai. This exhibition is the leading pharmaceutical ingredients show in China and the wider Asian-Pacific region. The organisers are expecting more than 40,000 pharmaceutical professionals to attend the exhibition, which serves not only as a trading and networking platform but also as a learning stage with access to the latest market updates and regulatory news.
Visit CCM at the exhibition by applying for an appointment today. Simply go the event on the website and make your appointment.
About Vitamin B6
Vitamin B6 is known to be a water-soluble vitamin which is already present in a lot of different food. The health effects make it a popular ingredient for dietary and health care products.
The richest sources of vitamin B6 in common food include fish, beef liver and other organ meats, potatoes and other starchy vegetables, and fruit. In many advanced countries, adults get their needed doses of their dietary vitamin B6 from fortified cereals, beef, poultry, starchy vegetables, and some non-citrus fruits. About 75% of vitamin B6 from a mixed diet is bioavailable
One of the most common vitamin B6 vitamer is the ingredient pyridoxine. It is mostly available in forms of oral capsules or tablets.
CCM is the leading market intelligence provider for China’s agriculture, chemicals, food & ingredients and life science markets.
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