Market Overview:
The global nicotinic acid (vitamin B3) 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 from various applications such as feed additives, food & beverage, pharmaceuticals, industrial and daily chemicals. Additionally, the growing awareness about the benefits of niacin is also contributing to the growth of this market. On the basis of type, the global nicotinic acid (vitamin B3) market can be segmented into niacin and others. Niacin is a water-soluble vitamin that helps reduce bad cholesterol levels in blood and hence it is used as a dietary supplement for people with high cholesterol levels or heart diseases. The other segment includes derivatives of nicotinic acid such as inositol hexanicotinate and nicotinamide riboside which are used for various applications such as feed additives, food & beverage etc.
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Product Definition:
A water soluble vitamin found in organ meats, peanuts, and green vegetables. It is essential for the release of energy from carbohydrates and helps to maintain proper function of the nervous system, skin, hair, mouth, and digestive system. Nicotinic acid (vitamin B3) also helps to control blood sugar levels and cholesterol levels in the body.
Niacin Lowers Cholesterol:
Niacin Lowers Cholesterol, it's usage.
Nicotinic acid is a form of vitamin B3. It helps to regulate the flow of fats through the blood vessels and into other body tissues. The niacin or vitamin B3 lowers cholesterol levels by increasing the excretion of bile acids that help in removing harmful substances from the liver.
Others:
Others include amino acids, minerals, and vitamins. Vitamin B3 (Niacin) is used in the treatment of diabetes and pellagra. It also helps in lowering high blood pressure levels. The product has no known side effects; hence it can be used by all age groups including infants as well as elderly people suffering from cardiovascular diseases or diabetes mellitus.
Application Insights:
The global nicotinic acid (vitamin B3) market has been segmented on the basis of application into feed additives, food & beverage, pharmaceuticals and industrial. Feed additives were estimated to be the largest application segment in 2017. The product is widely used as a nutritional supplement for animals including horses and dogs owing to its ability to reduce cholesterol levels in the body. It also helps improve metabolism and prevent fatty liver disease among dogs which is expected to drive demand over the forecast period.
Food & beverage was another prominent application sector where consumers are increasingly using it as an ingredient for making salad dressings, sauces.
Regional Analysis:
Asia Pacific was the largest market for nicotinic acid in 2016 and is expected to continue its dominance over the forecast period. The region accounts for a major share of global population and has been experiencing strong economic growth, which is likely to boost product demand. China, India, Japan, South Korea are some of the prominent markets in Asia Pacific that are anticipated to witness high demand for products owing to growing consumer awareness about health issues coupled with rising disposable income levels.
Europe accounted for more than 25% of global revenue share in 2016 owing to rapid penetration of vitamin supplements among middle-aged consumers especially women coupled with rising health consciousness regarding cardiovascular diseases such as stroke and heart failure along with other co-morbidities associated with aging process.
Growth Factors:
- Increasing awareness about the benefits of Nicotinic Acid (Vitamin B3) among consumers.
- Rising demand for natural and organic products.
- Growing popularity of Nicotinic Acid (Vitamin B3) supplements among health-conscious people.
- Increasing use of Nicotinic Acid (Vitamin B3) in food and beverage industry.
- Growing research on the therapeutic potential of Nicotinic Acid (Vitamin B3).
Scope Of The Report
Report Attributes
Report Details
Report Title
Nicotinic Acid (Vitamin B3) Market Research Report
By Type
Niacin Lowers Cholesterol, Others
By Application
Feed Additives, Food & Beverage, Pharmaceuticals, Industrial, Daily Chemicals
By Companies
Aarti Drugs, Brother Enterprises Holding, DSM, Jubilant Life Science, Lanbo Biotechnology, Lasons, Lonza, Nantong Acetic Acid Chemical, Red Sun Group, Resonance Specialties, Tianjin Zhongrui Pharmaceutical, Vanetta, Vertellus
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
125
Number of Tables & Figures
88
Customization Available
Yes, the report can be customized as per your need.
Global Nicotinic Acid (Vitamin B3) Market Report Segments:
The global Nicotinic Acid (Vitamin B3) market is segmented on the basis of:
Types
Niacin Lowers Cholesterol, Others
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
Feed Additives, Food & Beverage, Pharmaceuticals, Industrial, Daily Chemicals
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:
- Aarti Drugs
- Brother Enterprises Holding
- DSM
- Jubilant Life Science
- Lanbo Biotechnology
- Lasons
- Lonza
- Nantong Acetic Acid Chemical
- Red Sun Group
- Resonance Specialties
- Tianjin Zhongrui Pharmaceutical
- Vanetta
- Vertellus
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Highlights of The Nicotinic Acid (Vitamin B3) 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:
- Niacin Lowers Cholesterol
- Others
- By Application:
- Feed Additives
- Food & Beverage
- Pharmaceuticals
- Industrial
- Daily Chemicals
- 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 Nicotinic Acid (Vitamin B3) 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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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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?
Nicotinic acid is a water soluble vitamin that helps the body convert food into energy. It is also important for nerve function and healthy skin.
Some of the major players in the nicotinic acid (vitamin b3) market are Aarti Drugs, Brother Enterprises Holding, DSM, Jubilant Life Science, Lanbo Biotechnology, Lasons, Lonza, Nantong Acetic Acid Chemical, Red Sun Group, Resonance Specialties, Tianjin Zhongrui Pharmaceutical, Vanetta, Vertellus.
The nicotinic acid (vitamin b3) market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Nicotinic Acid (Vitamin B3) 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 Nicotinic Acid (Vitamin B3) Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Nicotinic Acid (Vitamin B3) 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 Nicotinic Acid (Vitamin B3) 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 Nicotinic Acid (Vitamin B3) Market Size & Forecast, 2018-2028
4.5.1 Nicotinic Acid (Vitamin B3) Market Size and Y-o-Y Growth
4.5.2 Nicotinic Acid (Vitamin B3) Market Absolute $ Opportunity
Chapter 5 Global Nicotinic Acid (Vitamin B3) 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 Nicotinic Acid (Vitamin B3) Market Size Forecast by Type
5.2.1 Niacin Lowers Cholesterol
5.2.2 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Nicotinic Acid (Vitamin B3) 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 Nicotinic Acid (Vitamin B3) Market Size Forecast by Applications
6.2.1 Feed Additives
6.2.2 Food & Beverage
6.2.3 Pharmaceuticals
6.2.4 Industrial
6.2.5 Daily Chemicals
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Nicotinic Acid (Vitamin B3) 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 Nicotinic Acid (Vitamin B3) 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 Nicotinic Acid (Vitamin B3) Analysis and Forecast
9.1 Introduction
9.2 North America Nicotinic Acid (Vitamin B3) 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 Nicotinic Acid (Vitamin B3) Market Size Forecast by Type
9.6.1 Niacin Lowers Cholesterol
9.6.2 Others
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 Nicotinic Acid (Vitamin B3) Market Size Forecast by Applications
9.10.1 Feed Additives
9.10.2 Food & Beverage
9.10.3 Pharmaceuticals
9.10.4 Industrial
9.10.5 Daily Chemicals
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 Nicotinic Acid (Vitamin B3) Analysis and Forecast
10.1 Introduction
10.2 Europe Nicotinic Acid (Vitamin B3) 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 Nicotinic Acid (Vitamin B3) Market Size Forecast by Type
10.6.1 Niacin Lowers Cholesterol
10.6.2 Others
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 Nicotinic Acid (Vitamin B3) Market Size Forecast by Applications
10.10.1 Feed Additives
10.10.2 Food & Beverage
10.10.3 Pharmaceuticals
10.10.4 Industrial
10.10.5 Daily Chemicals
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 Nicotinic Acid (Vitamin B3) Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Nicotinic Acid (Vitamin B3) 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 Nicotinic Acid (Vitamin B3) Market Size Forecast by Type
11.6.1 Niacin Lowers Cholesterol
11.6.2 Others
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 Nicotinic Acid (Vitamin B3) Market Size Forecast by Applications
11.10.1 Feed Additives
11.10.2 Food & Beverage
11.10.3 Pharmaceuticals
11.10.4 Industrial
11.10.5 Daily Chemicals
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 Nicotinic Acid (Vitamin B3) Analysis and Forecast
12.1 Introduction
12.2 Latin America Nicotinic Acid (Vitamin B3) 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 Nicotinic Acid (Vitamin B3) Market Size Forecast by Type
12.6.1 Niacin Lowers Cholesterol
12.6.2 Others
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 Nicotinic Acid (Vitamin B3) Market Size Forecast by Applications
12.10.1 Feed Additives
12.10.2 Food & Beverage
12.10.3 Pharmaceuticals
12.10.4 Industrial
12.10.5 Daily Chemicals
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) Nicotinic Acid (Vitamin B3) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Nicotinic Acid (Vitamin B3) 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) Nicotinic Acid (Vitamin B3) Market Size Forecast by Type
13.6.1 Niacin Lowers Cholesterol
13.6.2 Others
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) Nicotinic Acid (Vitamin B3) Market Size Forecast by Applications
13.10.1 Feed Additives
13.10.2 Food & Beverage
13.10.3 Pharmaceuticals
13.10.4 Industrial
13.10.5 Daily Chemicals
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 Nicotinic Acid (Vitamin B3) Market: Competitive Dashboard
14.2 Global Nicotinic Acid (Vitamin B3) Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Aarti Drugs
14.3.2 Brother Enterprises Holding
14.3.3 DSM
14.3.4 Jubilant Life Science
14.3.5 Lanbo Biotechnology
14.3.6 Lasons
14.3.7 Lonza
14.3.8 Nantong Acetic Acid Chemical
14.3.9 Red Sun Group
14.3.10 Resonance Specialties
14.3.11 Tianjin Zhongrui Pharmaceutical
14.3.12 Vanetta
14.3.13 Vertellus
