The global vitamin PP (niacin and niacinamide) market is expected to grow at a CAGR of 5.5% during the forecast period, to reach USD 1.2 billion by 2030. The growth of this market is driven by the increasing demand for animal feed grade vitamin PP in developing countries such as China and India, which are witnessing rapid economic growth and an increase in disposable income levels.
Feed Grade: Feed grade vitamin PP is used as a feed additive for poultry, swine, cattle, fish and other animals that are raised for food production purposes. The demand for feed grade vitamin PP has increased due to its ability to improve animal health and performance while reducing mortality rates among livestock animals. This type of vitamin PP also helps in improving the quality of meat products produced from livestock animals such as beef cattle or pigs because it improves their immune system function while reducing stress levels among these animals.
Food Grade: Food grade vitamin PP is used as an additive in food products such as breads, cereals, biscuits etc, which are consumed by humans on a daily basis. It can be added to these food items either directly or indirectly through fortification with other ingredients like flour or milk powder etc, depending on the desired level of intake per day per person. Vitamin PP helps maintain healthy skin cells and prevents dryness caused due to lack of moisture content in skin cells; it also reduces wrinkles on skin surface when applied topically over time; it also helps maintain healthy hair follicles when applied topically over time; it also reduces inflammation caused due to acne breakouts when applied topically over time; it also maintains healthy teeth enamel when taken orally over time; it also maintains healthy gums when taken orally over time; it also maintains normal blood pressure levels when taken orally over time; it also maintains normal cholesterol levels when taken orally over times etc, thereby making this type of product popular among consumers worldwide who want good health without having any side effects from consuming too much sugar or fat-rich foods that may lead them towards obesity problems later on life span if not controlled properly with proper dieting habits along with regular exercise routines every day throughout their life span .
5a) People are becoming increasingly aware of their health and wellness needs as they age, leading them to purchase products that help them maintain their health or improve it (e.g., vitamins).
5b) People are becoming increasingly aware of their health and wellness needs as they age, leading them to purchase products that help them maintain their health or improve it (e.g., vitamins).
Some Of The Growth Factors Of This Market:
- The global population is increasing, which will lead to an increase in the demand for food and other goods.
- The global population is aging, which will lead to an increase in the demand for healthcare products and services.
- There are more people living in urban areas than rural areas, which will lead to an increase in the demand for food and other goods that can be delivered quickly and efficiently by suppliers who have access to these markets.
- There are more people living on a low income than those who live on a high income, which will lead to an increase in the demand for affordable goods that can be purchased with little or no money down from suppliers who have access to these markets.
Industry Growth Insights published a new data on “Vitamin PP (Niacin and Niacinamide) Market”. The research report is titled “Vitamin PP (Niacin and Niacinamide) Market research by Types (Feed Grade, Food Grade, Pharma Grade), By Applications (Animal Feeding, Food Additives, Health Supplements, Pharma and Others), By Players/Companies Lonza, Degussa, Yuyigosei, Shanghai Wuzhou Pharma, Wuhan Hongxinkang”.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vitamin PP (Niacin and Niacinamide) Market Research Report
By Type
Feed Grade, Food Grade, Pharma Grade
By Application
Animal Feeding, Food Additives, Health Supplements, Pharma and Others
By Companies
Lonza, Degussa, Yuyigosei, Shanghai Wuzhou Pharma, Wuhan Hongxinkang
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.
 Industry Outlook.svg)
Global Vitamin PP (Niacin and Niacinamide) Market Report Segments:
The global Vitamin PP (Niacin and Niacinamide) market is segmented on the basis of:
Types
Feed Grade, Food Grade, Pharma Grade
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
Animal Feeding, Food Additives, Health Supplements, Pharma and 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
- Degussa
- Yuyigosei
- Shanghai Wuzhou Pharma
- Wuhan Hongxinkang
 Market Overview.svg)
Highlights of The Vitamin PP (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:
- Feed Grade
- Food Grade
- Pharma Grade
- By Application:
- Animal Feeding
- Food Additives
- Health Supplements
- Pharma and 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 Vitamin PP (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
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
 Market Statistics.svg)
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?
Vitamin PP (nicotinamide and niacin) is a water soluble vitamin that helps the body to produce energy. It is also important for the health of the skin, hair, and nails.
Some of the key players operating in the vitamin pp (niacin and niacinamide) market are Lonza, Degussa, Yuyigosei, Shanghai Wuzhou Pharma, Wuhan Hongxinkang.
The vitamin pp (niacin and niacinamide) market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Vitamin PP (Niacin and Niacinamide) Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Vitamin PP (Niacin and Niacinamide) Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Vitamin PP (Niacin and Niacinamide) Market - Supply Chain
4.5. Global Vitamin PP (Niacin and Niacinamide) Market Forecast
4.5.1. Vitamin PP (Niacin and Niacinamide) Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Vitamin PP (Niacin and Niacinamide) Market Size (000 Units) and Y-o-Y Growth
4.5.3. Vitamin PP (Niacin and Niacinamide) Market Absolute $ Opportunity
5. Global Vitamin PP (Niacin and Niacinamide) Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Type
5.3.1. Feed Grade
5.3.2. Food Grade
5.3.3. Pharma Grade
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Vitamin PP (Niacin and Niacinamide) Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Application
6.3.1. Animal Feeding
6.3.2. Food Additives
6.3.3. Health Supplements
6.3.4. Pharma and Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Vitamin PP (Niacin and Niacinamide) Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Vitamin PP (Niacin and Niacinamide) Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Vitamin PP (Niacin and Niacinamide) Demand Share Forecast, 2019-2026
9. North America Vitamin PP (Niacin and Niacinamide) Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Application
9.4.1. Animal Feeding
9.4.2. Food Additives
9.4.3. Health Supplements
9.4.4. Pharma and Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Type
9.7.1. Feed Grade
9.7.2. Food Grade
9.7.3. Pharma Grade
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Vitamin PP (Niacin and Niacinamide) Demand Share Forecast, 2019-2026
10. Latin America Vitamin PP (Niacin and Niacinamide) Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Application
10.4.1. Animal Feeding
10.4.2. Food Additives
10.4.3. Health Supplements
10.4.4. Pharma and Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Type
10.7.1. Feed Grade
10.7.2. Food Grade
10.7.3. Pharma Grade
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Vitamin PP (Niacin and Niacinamide) Demand Share Forecast, 2019-2026
11. Europe Vitamin PP (Niacin and Niacinamide) Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Application
11.4.1. Animal Feeding
11.4.2. Food Additives
11.4.3. Health Supplements
11.4.4. Pharma and Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Type
11.7.1. Feed Grade
11.7.2. Food Grade
11.7.3. Pharma Grade
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Vitamin PP (Niacin and Niacinamide) Demand Share, 2019-2026
12. Asia Pacific Vitamin PP (Niacin and Niacinamide) Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Application
12.4.1. Animal Feeding
12.4.2. Food Additives
12.4.3. Health Supplements
12.4.4. Pharma and Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Type
12.7.1. Feed Grade
12.7.2. Food Grade
12.7.3. Pharma Grade
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Vitamin PP (Niacin and Niacinamide) Demand Share, 2019-2026
13. Middle East & Africa Vitamin PP (Niacin and Niacinamide) Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Vitamin PP (Niacin and Niacinamide) Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Application
13.4.1. Animal Feeding
13.4.2. Food Additives
13.4.3. Health Supplements
13.4.4. Pharma and Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Vitamin PP (Niacin and Niacinamide) Market Size and Volume Forecast by Type
13.7.1. Feed Grade
13.7.2. Food Grade
13.7.3. Pharma Grade
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Vitamin PP (Niacin and Niacinamide) Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Vitamin PP (Niacin and Niacinamide) Market: Market Share Analysis
14.2. Vitamin PP (Niacin and Niacinamide) Distributors and Customers
14.3. Vitamin PP (Niacin and Niacinamide) Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Lonza
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Degussa
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Yuyigosei
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Shanghai Wuzhou Pharma
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Wuhan Hongxinkang
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. COMPANY6
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
