A map to understand the market pattern of 13 major vitamin varieties and related public

The vitamin industry is mostly oligopoly pattern, and China is the main producer Vitamin industry entry barriers are high, non-industry enterprises are usually more difficult to enter the vitamin industry, the varieties of the basic oligopoly pattern, and the industry concentration is higher, including vitamin B1, vitamin B2, vitamin B6, vitamin B7 and vitamin B9 CR3 reached more than 70% D3q China is a major producer of vitamins, with vitamin production reaching 349,000 tons in 2019, up 4.4% YoY, accounting for 77% of global production, and exports were 269,000 tons, up 6.7% YoY, accounting for 77% of domestic production in the same year D3qD3q3q Vitamin industry downstream feed-based, demand with rigid characteristics, domestic demand is expected to rebound in 2020 Vitamin downstream mainly has three application directions of feed, pharmaceutical cosmetics and food and beverage, of which the feed industry accounted for the largest proportion of demand, reaching 48%, pharmaceutical cosmetics and food and beverage industry demand accounted for 30% and 22%, respectively D3q sub-species, most sub-species downstream applications feed accounted for more than 50%, and vitamin C for feed accounted for a very small proportion, mainly used in the food and beverage industry The steady growth of feed industry makes the demand of the vitamin industry have a certain rigid characteristics, overlay 2020 domestic African swine plague epidemic impact surface may be significantly weaker than in 2019, and the policy to vigorously support the pig breeding industry out of poverty, domestic pig feed demand is expected to warm up, and further stimulate the demand for feed vitamins Vitamins are added to feed in very little, the cost of only 2%, so the feed industry is less sensitive to vitamin prices, vitamin products have a high price elasticity D3qD3q
The impact of the D3q new coronary pneumonia outbreak on the industry is currently mainly on the supply side At present, the domestic resumption of production progress in addition to some services industry has reached a relatively high degree, vitamin industry in the domestic production line supply has basically returned to normal, but the global epidemic has not yet reached an inflection point, for the current foreign production line affected by larger domestic, so the foreign production capacity accounted for a larger proportion of varieties (including vitamin A, vitamin E, niacin, etc.) because of the more obvious impact, prices are expected to maintain a strong D3qD3q 2020 global vitamin demand in the Asia-Pacific region in the African swine plague epidemic in the background of the smaller impact is expected to get a further boost, while the supply side affected by the outbreak of new coronary pneumonia, the rate of supply and demand tightening, especially foreign production capacity accounted for a larger proportion of varieties, such as vitamin A, vitamin E and niacin, prices are expected to continue to rise It is recommended to pay attention to new and cheng, brother technology D3q