Market Overview:
The global pharmaceutical grade vitamin B3 market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for niacin and nicotinamide from various applications such as feed additives, daily chemicals, food industry, and beverage industry. Additionally, the growing awareness about the benefits of vitamin B3 is also contributing to the growth of this market. North America dominates the global pharmaceutical grade vitamin B3 market followed by Europe and Asia Pacific. However, Asia Pacific is expected to witness highest growth during the forecast period owing to rising demand from countries such as China and India.
Product Definition:
Pharmaceutical grade vitamin B3 is a purified and highly concentrated form of the nutrient. It is used to treat various medical conditions, including high cholesterol, skin problems, and diabetes. Vitamin B3 is important for maintaining good health, and deficiencies can lead to a variety of health problems.
Niacin:
Niacin, also known as vitamin B3, is a type of water-soluble vitamin required in small quantities for the normal body function. It helps to maintain and regulate the proper functioning of several bodily functions including skin, nerves, and release of energy from food. Niacinamide or Nicotinic Acid are two forms commonly used in pharmaceutical grade Vitamin B3 market.
Nicotinamide:
Nicotinamide, also known as vitamin B3 or niacin, is a form of organic chemical that is found in both plants and animals. It is produced by the fermentation of yeast and bacteria. Nicotinic acid (Vitamin B3) has been used for over 100 years as an alternative treatment for pellagra which was first observed in the U.S.
Application Insights:
Feed additives was the largest application segment in 2015 and is expected to grow at a CAGR of XX% over the forecast period. The growth can be attributed to increasing animal feed production worldwide coupled with growing demand for biopharmaceuticals and other specialty chemicals that are used in feed formulations.
Vitamin B3 is widely utilized as a nutritional supplement for humans owing to its ability to promote weight-gain in animals and improve their health condition, such as coat quality & texture, bone strength & density, vision & hearing among others. These factors are anticipated to drive product demand from human nutrition supplements at a significant rate over the coming years.
Regional Analysis:
Asia Pacific was the largest regional market in 2017 and is anticipated to witness significant growth over the forecast period. The region has been witnessing rapid urbanization, which has led to an increase in consumer spending on food and beverages. This trend is expected to have a positive impact on industry growth over the next eight years.
Europe accounted for more than 25% of global pharmaceutical grade vitamin B3 market share owing to stringent regulations by European Union (EU) regarding use of artificial additives in feed supplements as compared to other regions. In addition, increasing demand for natural products with enhanced health benefits among pet owners is expected drive product demand over the forecast period.
North America also held a considerable share due its high consumption of alcohol which increases niacin requirement during manufacturing process such as distillation and rectification leading up to production of spirits such as vodka, gin etc.
Growth Factors:
- Increasing demand for nutraceuticals and functional foods
- Rising awareness about the health benefits of vitamin B3
- Growing demand from emerging markets
- Technological advancements in the extraction and purification of vitamin B3
- Increasing investment in research and development
Scope Of The Report
Report Attributes
Report Details
Report Title
Pharmaceutical Grade Vitamin B3 Market Research Report
By Type
Niacin, Nicotinamide
By Application
Feed Additives, Daily Chemicals, Food Industry, Beverage Industry
By Companies
Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Lasons India, Vanetta, Resonance Specialties
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Pharmaceutical Grade Vitamin B3 Market Report Segments:
The global Pharmaceutical Grade Vitamin B3 market is segmented on the basis of:
Types
Niacin, Nicotinamide
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, Daily Chemicals, Food Industry, Beverage Industry
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
- Jubilant Life Sciences
- Vertellus
- Brother Enterprises
- Lasons India
- Vanetta
- Resonance Specialties
Highlights of The Pharmaceutical Grade 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
- Nicotinamide
- By Application:
- Feed Additives
- Daily Chemicals
- Food Industry
- Beverage Industry
- 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 Pharmaceutical Grade 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
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?
Pharmaceutical grade vitamin B3 is a type of vitamin that is specifically produced to meet the high standards of quality and purity required by the pharmaceutical industry. This type of vitamin is often used in supplements and medications because it has been shown to be effective at treating a variety of conditions, including depression, anxiety, ADHD, and Alzheimer's disease.
Some of the major companies in the pharmaceutical grade vitamin b3 market are Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Lasons India, Vanetta, Resonance Specialties.
The pharmaceutical grade vitamin b3 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 Pharmaceutical Grade 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 Pharmaceutical Grade Vitamin B3 Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Pharmaceutical Grade 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 Pharmaceutical Grade 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 Pharmaceutical Grade Vitamin B3 Market Size & Forecast, 2018-2028
4.5.1 Pharmaceutical Grade Vitamin B3 Market Size and Y-o-Y Growth
4.5.2 Pharmaceutical Grade Vitamin B3 Market Absolute $ Opportunity
Chapter 5 Global Pharmaceutical Grade 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 Pharmaceutical Grade Vitamin B3 Market Size Forecast by Type
5.2.1 Niacin
5.2.2 Nicotinamide
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Pharmaceutical Grade 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 Pharmaceutical Grade Vitamin B3 Market Size Forecast by Applications
6.2.1 Feed Additives
6.2.2 Daily Chemicals
6.2.3 Food Industry
6.2.4 Beverage Industry
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Pharmaceutical Grade 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 Pharmaceutical Grade 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 Pharmaceutical Grade Vitamin B3 Analysis and Forecast
9.1 Introduction
9.2 North America Pharmaceutical Grade 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 Pharmaceutical Grade Vitamin B3 Market Size Forecast by Type
9.6.1 Niacin
9.6.2 Nicotinamide
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 Pharmaceutical Grade Vitamin B3 Market Size Forecast by Applications
9.10.1 Feed Additives
9.10.2 Daily Chemicals
9.10.3 Food Industry
9.10.4 Beverage Industry
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 Pharmaceutical Grade Vitamin B3 Analysis and Forecast
10.1 Introduction
10.2 Europe Pharmaceutical Grade 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 Pharmaceutical Grade Vitamin B3 Market Size Forecast by Type
10.6.1 Niacin
10.6.2 Nicotinamide
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 Pharmaceutical Grade Vitamin B3 Market Size Forecast by Applications
10.10.1 Feed Additives
10.10.2 Daily Chemicals
10.10.3 Food Industry
10.10.4 Beverage Industry
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 Pharmaceutical Grade Vitamin B3 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Pharmaceutical Grade 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 Pharmaceutical Grade Vitamin B3 Market Size Forecast by Type
11.6.1 Niacin
11.6.2 Nicotinamide
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 Pharmaceutical Grade Vitamin B3 Market Size Forecast by Applications
11.10.1 Feed Additives
11.10.2 Daily Chemicals
11.10.3 Food Industry
11.10.4 Beverage Industry
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 Pharmaceutical Grade Vitamin B3 Analysis and Forecast
12.1 Introduction
12.2 Latin America Pharmaceutical Grade 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 Pharmaceutical Grade Vitamin B3 Market Size Forecast by Type
12.6.1 Niacin
12.6.2 Nicotinamide
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 Pharmaceutical Grade Vitamin B3 Market Size Forecast by Applications
12.10.1 Feed Additives
12.10.2 Daily Chemicals
12.10.3 Food Industry
12.10.4 Beverage Industry
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) Pharmaceutical Grade Vitamin B3 Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Pharmaceutical Grade 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) Pharmaceutical Grade Vitamin B3 Market Size Forecast by Type
13.6.1 Niacin
13.6.2 Nicotinamide
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) Pharmaceutical Grade Vitamin B3 Market Size Forecast by Applications
13.10.1 Feed Additives
13.10.2 Daily Chemicals
13.10.3 Food Industry
13.10.4 Beverage Industry
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 Pharmaceutical Grade Vitamin B3 Market: Competitive Dashboard
14.2 Global Pharmaceutical Grade Vitamin B3 Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Lonza
14.3.2 Jubilant Life Sciences
14.3.3 Vertellus
14.3.4 Brother Enterprises
14.3.5 Lasons India
14.3.6 Vanetta
14.3.7 Resonance Specialties
