Market Overview:
The global niacin and niacinamide market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for niacin and niacinamide from various applications such as human nutrition, pharmaceuticals, animal nutrition, cosmeceuticals, and others. Additionally, the growing awareness about the benefits of these products is also contributing to the growth of this market. On the basis of type, powder Niacin and Niacinamide accounted for a major share of the global market in 2017. This can be attributed to their easy availability and low cost as compared to other forms such as granular or liquid form. On the basis of application, human nutrition held a major share of this market in 2017 owing to its wide-ranging benefits for humans across all age groups.
Product Definition:
Niacin is a water soluble vitamin and is part of the B-complex. It helps to release energy from food and is necessary for proper function of the nervous system, skin, digestive system and muscles. Niacinamide is also a water soluble vitamin and it's also part of the B-complex. It helps to release energy from food, but unlike niacin, it doesn't cause flushing or heat sensations in the body. Niacinamide can be found in many cosmetic products because it has anti-inflammatory properties that help soothe irritated skin.
Powder Niacin and Niacinamide:
Powder niacin and niacinamide are the purest form of vitamin B3 or nicotinic acid. It is a white crystalline solid that is insoluble in water and highly soluble in alcohol. The product has no odor, taste, and feel very light when handled. It can be administered to animals as well as humans suffering from pellagra (a disease caused by poor diet).
Granular Niacin and Niacinamide:
Granular niacin and niacinamide are the two forms of vitamin B3. Vitamin B3 is also known as Niacin or Nicotinic Acid. It is a fat-soluble vitamin that helps in maintaining cell membranes, enhancing energy production within the cells, and plays an important role in various body processes such as digestion, nerve transmission, healthy skin function & growth along with heart health.
Application Insights:
The global market is segmented by application into human nutrition, pharmaceuticals, animal nutrition and cosmetics. The human nutrition segment held the largest share in 2017 owing to the rising awareness about health benefits of niacin and niacinamide among consumers across the globe. Moreover, growing demand for nutritional supplements to promote weight loss among obese population is expected to drive growth over next few years.
The pharmaceuticals segment is anticipated to witness significant growth during forecast period due largely to increasing use of these products as an alternative therapy for various diseases including cardiovascular diseases, diabetes mellitus type 2 and cancer. In addition, they are used as a medication for various other conditions such as gastrointestinal disorders due largelyto their abilityto reduce absorptionof dietary cholesterolby body cells thereby reducing blood cholesterol levels which has resulted in increased utilization in medicines over past few years globally.
Regional Analysis:
North America was the largest market in 2016 and is expected to maintain its position during the forecast period. The region has a well-established distribution network of key manufacturers along with a large consumer base. The presence of major application sectors such as human nutrition, pharmaceuticals, animal nutrition and cosmetics is also anticipated to drive the regional market growth over the forecast period.
Asia Pacific is estimated to be one of the fastest growing regions from 2017 to 2030 owing to rising product demand from countries such as China, India and Japan. Moreover, increasing health awareness among consumers will propel product demand in this region over next eight years. Europe also accounted for significant share due to high consumption of vitamin supplements by consumers especially among women above 50 years old living in Germany, France and Italy countries on account their recommended daily allowances are not followed properly resulting low niacin levels leading deficiency symptoms which are then treated using niacin products including tablets/capsules/gels/lozenges etc.
Growth Factors:
- Increasing awareness about the benefits of niacin and niacinamide among consumers.
- Rising demand for natural and organic personal care products.
- Growing popularity of anti-aging skin care products.
- increasing use of niacin and niacinamide in hair care products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Niacin and Niacinamide Market Research Report
By Type
Powder Niacin and Niacinamide, Granular Niacin and Niacinamide, Liquid Niacin and Niacinamide
By Application
Human Nutrition, Pharmaceuticals, Animal Nutrition, Cosmeceuticals, Others
By Companies
Lonza, Koninklijke, Bactolac, Merck, BASF, Foodchem, Evonik, Jubilant, Vertellus Specialties, Fagron, Lonza, Brother Enterprises
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
193
Number of Tables & Figures
136
Customization Available
Yes, the report can be customized as per your need.
Global Niacin and Niacinamide Market Report Segments:
The global Niacin and Niacinamide market is segmented on the basis of:
Types
Powder Niacin and Niacinamide, Granular Niacin and Niacinamide, Liquid Niacin and Niacinamide
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Human Nutrition, Pharmaceuticals, Animal Nutrition, Cosmeceuticals, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Lonza
- Koninklijke
- Bactolac
- Merck
- BASF
- Foodchem
- Evonik
- Jubilant
- Vertellus Specialties
- Fagron
- Lonza
- Brother Enterprises
Highlights of The Niacin and Niacinamide Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Powder Niacin and Niacinamide
- Granular Niacin and Niacinamide
- Liquid Niacin and Niacinamide
- By Application:
- Human Nutrition
- Pharmaceuticals
- Animal Nutrition
- Cosmeceuticals
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Niacin and Niacinamide Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Niacin and niacinamide are two forms of vitamin B3. Niacin is a water-soluble vitamin that the body can use to make energy. Niacinamide is a lipid-soluble form of niacin that the body can use to help lower blood cholesterol levels.
Some of the major companies in the niacin and niacinamide market are Lonza, Koninklijke, Bactolac, Merck, BASF, Foodchem, Evonik, Jubilant, Vertellus Specialties, Fagron, Lonza, Brother Enterprises.
The niacin and niacinamide market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Niacin and Niacinamide Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Niacin and Niacinamide Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Niacin and Niacinamide Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Niacin and Niacinamide Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Niacin and Niacinamide Market Size & Forecast, 2020-2028
4.5.1 Niacin and Niacinamide Market Size and Y-o-Y Growth
4.5.2 Niacin and Niacinamide Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Powder Niacin and Niacinamide
5.2.2 Granular Niacin and Niacinamide
5.2.3 Liquid Niacin and Niacinamide
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Human Nutrition
6.2.2 Pharmaceuticals
6.2.3 Animal Nutrition
6.2.4 Cosmeceuticals
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Niacin and Niacinamide Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Niacin and Niacinamide Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Powder Niacin and Niacinamide
9.6.2 Granular Niacin and Niacinamide
9.6.3 Liquid Niacin and Niacinamide
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Human Nutrition
9.10.2 Pharmaceuticals
9.10.3 Animal Nutrition
9.10.4 Cosmeceuticals
9.10.5 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Powder Niacin and Niacinamide
10.6.2 Granular Niacin and Niacinamide
10.6.3 Liquid Niacin and Niacinamide
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Human Nutrition
10.10.2 Pharmaceuticals
10.10.3 Animal Nutrition
10.10.4 Cosmeceuticals
10.10.5 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Powder Niacin and Niacinamide
11.6.2 Granular Niacin and Niacinamide
11.6.3 Liquid Niacin and Niacinamide
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Human Nutrition
11.10.2 Pharmaceuticals
11.10.3 Animal Nutrition
11.10.4 Cosmeceuticals
11.10.5 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Powder Niacin and Niacinamide
12.6.2 Granular Niacin and Niacinamide
12.6.3 Liquid Niacin and Niacinamide
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Human Nutrition
12.10.2 Pharmaceuticals
12.10.3 Animal Nutrition
12.10.4 Cosmeceuticals
12.10.5 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Powder Niacin and Niacinamide
13.6.2 Granular Niacin and Niacinamide
13.6.3 Liquid Niacin and Niacinamide
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Human Nutrition
13.10.2 Pharmaceuticals
13.10.3 Animal Nutrition
13.10.4 Cosmeceuticals
13.10.5 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Niacin and Niacinamide Market: Competitive Dashboard
14.2 Global Niacin and Niacinamide Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lonza
14.3.2 Koninklijke
14.3.3 Bactolac
14.3.4 Merck
14.3.5 BASF
14.3.6 Foodchem
14.3.7 Evonik
14.3.8 Jubilant
14.3.9 Vertellus Specialties
14.3.10 Fagron
14.3.11 Lonza
14.3.12 Brother Enterprises
