The global Niacinamide market was valued at US$ 908.8 million in 2020 and it is expected to reach US$ 1180.1 million by the end of 2027, growing at a CAGR of 2.0% during 2021-2027.
Niacinamide, also called nicotinamide, is a form of vitamin B-3, an essential nutrient. A B-3 deficiency can lead to disorders of the skin, kidneys, and brain. Taking niacinamide can help prevent B-3 deficiency. Niacin, also known as nicotinic acid, is an organic compound and is, depending on the definition used, one of the 20 to 80 essential human nutrients. Together with nicotinamide it makes up the group known as Niacin complex. It has the formula C6H5NO2 and belongs to the group of the pyridinecarboxylic acids.
In the global market, the core manufacturers of niacinamide include Lonza etc, and the top 1 manufacturer accounts for above 50% of the market share. The market include Asia Pacific, Europe and North America, with a share of 38%, 25% and 24%. feed grade accounted for 65% and food grade accounted for 15%. the product is mainly used in feed additives and pharmaceutical industry fields, with a share of 65% and 15%.
Global Niacinamide Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Niacinamide Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Lasons India, Vanetta, DSM, Zhejiang Lanbo Biotechnology, Tianjin Zhongrui Pharmaceutical and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-niacinamide-market-outlook
Segment by Type
- Feed Grade Niacinamide
- Food Grade Niacinamide
- Pharmaceutical Grade Niacinamide
- Others
Segment by Application
- Feed Additives
- Food and Drinks Industry
- Pharmaceutical Industry
- Daily Chemicals
- Others
Table of Content:
1 Niacinamide Market Overview
2 Niacinamide Market Competition by Manufacturers
3 Niacinamide Retrospective Market Scenario by Region
4 Global Niacinamide Historic Market Analysis by Type
5 Global Niacinamide Historic Market Analysis by Application
6 Key Companies Profiled
7 Niacinamide Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Niacinamide Market Dynamics
10 Global Niacinamide Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
13 Forecast by Type and by Application (2022-2027)
14 Research Finding and Conclusion
15 Methodology and Data Source
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Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.