Vitamin B3 Market Size, Share & Trends Analysis Report By Source (Natural, Synthetic), By Form (Dry, Liquid), By Application (Animal Feed, Pharmaceutical), By Region, And Segment Forecasts, 2024 - 2030

Vitamin B3 Market Size, Share & Trends Analysis Report By Source (Natural, Synthetic), By Form (Dry, Liquid), By Application (Animal Feed, Pharmaceutical), By Region, And Segment Forecasts, 2024 - 2030


Vitamin B3 Market Growth & Trends

The global vitamin B3 market size is expected to reach USD 434.31 million by 2030, growing at a CAGR of 2.2% during the forecast period, according to a new report by Grand View Research, Inc. The Vitamin B3 market encompasses niacin, nicotinamide, and vitamin B3 supplements utilized across various sectors such as nutrition, dietary supplements, and healthcare. These supplements are crucial for supportingsupport cellular metabolism, cardiovascular health, and skin wellness.

They offer numerous benefits, including enhanced energy metabolism, skin protection, and improved cardiovascular function, particularly for individuals with vitamin B3 deficiencies or dietary insufficiencies. The market dynamics are influenced by evolving dietary supplement regulations, the expanding application of niacinamide, and the increasing awareness of vitamin B3’s health benefits in personalized nutrition and wellness plans.

Several key drivers are propelling the market growth of the Vitamin B3 market. One significant factor is the rising prevalence of lifestyle-related health conditions such as cardiovascular diseases, diabetes, and cognitive decline, which are largely driven by poor dietary habits, sedentary lifestyles, and increasing stress levels.

Vitamin B3 is vital in managing these conditions by reducing cholesterol levels, regulating blood sugar,, and supporting brain function. AdditionallyIn addition, the growing consumer awareness and demand for health supplements are boosting market growth. As more people become health-conscious, there is a heightened interest in consuming vitamins and minerals to maintain overall health and well-being, with vitamin B3 being integral to various bodily functions.

Furthermore, the market is witnessing opportunities for expansion into the functional food and beverage market. Incorporating Vitamin B3 into functional food and beverage formulations allows companies to cater to consumers looking for convenient and innovative ways to enhance their nutritional intake.

This diversification enables vitamin B3 suppliers to tap into new distribution channels, expand their consumer base, and differentiate their products in a competitive landscape. The increased incorporation of vitamin B3 into animal feed additives to support livestock and poultry health is also drivingdrives market growth, ensuring optimal nutrition and productivity in the animal agriculture sector.

Vitamin B3 Market Report Highlights
  • The synthetically sourced vitamin B3 marketsegment is expected to grow at a CAGR of 1.7% from 2024 to 2030. This growth is primarily driven by the consistent demand for affordable and stable vitamin supplements across various industries, including pharmaceuticals, food and beverages, and cosmetics.
  • Sales of liquid vitamin B3 is expected to grow at a CAGR of 3.1% from 2024 to 2030. Consumer preferences are shifting towards liquid supplements due to their perceived ease of consumption and quicker absorption compared tothan traditional pill forms. This trend is expected to bolster demand, especially among health-conscious consumers seeking convenient nutritional solutions.
  • Application of vitamin B3 in cosmetics is expected to grow at a CAGR of 5.6% from 2024 to 2030. Vitamin B3, also known as niacinamide, is prized in skincare and cosmetics for its multifaceted benefits. It is known to improve skin barrier function, reduce inflammation, enhance skin hydration, and even out skin tone.
Please note The report will be delivered in 4-8 business days upon order notification.


Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. GVR’s Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Source Outlook
2.3. Form Outlook
2.4. Application Outlook
2.5. Regional Outlook
2.6. Competitive Insights
Chapter 3. Vitamin B3 Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.2. Industry Value Chain Analysis
3.2.1. Sales/Retail Channel Analysis
3.2.2. Profit Margin Analysis
3.3. Market Dynamics
3.3.1. Market Driver Analysis
3.3.2. Market Restraint Analysis
3.3.3. Industry Challenges
3.3.4. Industry Opportunities
3.4. Industry Analysis - Porter’s
3.5. Market Entry Strategies
Chapter 4. Vitamin B3 Market: Source Analysis & Estimates
4.1. Source Analysis & Market Share, 2023 & 2030
4.2. Natural
4.2.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
4.3. Synthetic
4.3.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
Chapter 5. Vitamin B3 Market: Form Analysis & Estimates
5.1. Source Analysis & Market Share, 2023 & 2030
5.2. Dry
5.2.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
5.3. Liquid
5.3.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
Chapter 6. Vitamin B3 Market: Application Estimates & Trend Analysis
6.1. Animal Feed
6.1.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
6.2. Food and Beverage
6.2.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
6.3. Pharmaceutical
6.3.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
6.4. Cosmetics
6.4.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
6.5. Others
6.5.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
Chapter 7. Vitamin B3 Market: Regional Estimates & Trend Analysis
7.1. Regional Movement Analysis & Market Share, 2023 & 2030
7.2. North America
7.2.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.2.2. U.S.
7.2.2.1. Key country dynamics
7.2.2.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.2.3. Canada
7.2.3.1. Key country dynamics
7.2.3.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.2.4. Mexico
7.2.4.1. Key country dynamics
7.2.4.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.3. Europe
7.3.1.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.3.2. UK
7.3.2.1. Key country dynamics
7.3.2.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.3.3. Germany
7.3.3.1. Key country dynamics
7.3.3.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.3.4. France
7.3.4.1. Key country dynamics
7.3.4.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.3.5. Spain
7.3.5.1. Key country dynamics
7.3.5.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.3.6. Italy
7.3.6.1. Key country dynamics
7.3.6.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.4. Asia Pacific
7.4.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.4.2. China
7.4.2.1. Key country dynamics
7.4.2.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.4.3. Japan
7.4.3.1. Key country dynamics
7.4.3.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.4.4. India
7.4.4.1. Key country dynamics
7.4.4.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.4.5. South Korea
7.4.5.1. Key country dynamics
7.4.5.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.5. Central & South America
7.5.1.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.5.2. Brazil
7.5.2.1. Key country dynamics
7.5.2.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.6. Middle East & Africa
7.6.1.1. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
7.6.2. South Africa
7.6.2.1. Key country dynamics
7.6.2.2. Market estimates and forecast, 2018 - 2030 (Metric Ton) (USD Million)
Chapter 8. Competitive Analysis
8.1. Recent developments & impact analysis, by key market participants
8.2. Company Categorization
8.3. Participant’s Overview
8.4. Financial Performance
8.5. Product Benchmarking
8.6. Company Market Share Analysis, 2023 (%)
8.7. Company Heat Map Analysis
8.8. Strategy Mapping
8.9. Company Profiles
8.10. Jubilant Life Sciences Ltd.
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
8.11. DSM
8.11.1. Company Overview
8.11.2. Financial Performance
8.11.3. Product Benchmarking
8.11.4. Strategic Initiatives
8.12. Glanbia plc
8.12.1. Company Overview
8.12.2. Financial Performance
8.12.3. Product Benchmarking
8.12.4. Strategic Initiatives
8.13. NutraScience Labs
8.13.1. Company Overview
8.13.2. Financial Performance
8.13.3. Product Benchmarking
8.13.4. Strategic Initiatives
8.14. BASF SE
8.14.1. Company Overview
8.14.2. Financial Performance
8.14.3. Product Benchmarking
8.14.4. Strategic Initiatives
8.15. Graham Chemical
8.15.1. Company Overview
8.15.2. Financial Performance
8.15.3. Product Benchmarking
8.15.4. Strategic Initiatives
8.16. Western Drugs Ltd.
8.16.1. Company Overview
8.16.2. Financial Performance
8.16.3. Product Benchmarking
8.16.4. Strategic Initiatives
8.17. Fengchen Group Co., Ltd
8.17.1. Company Overview
8.17.2. Financial Performance
8.17.3. Product Benchmarking
8.17.4. Strategic Initiatives
8.18. Spectrum Chemical Mfg. Corp
8.18.1. Company Overview
8.18.2. Financial Performance
8.18.3. Product Benchmarking
8.18.4. Strategic Initiatives
8.19. Vertellus Specialties, Inc.
8.19.1. Company Overview
8.19.2. Financial Performance
8.19.3. Product Benchmarking
8.19.4. Strategic Initiatives

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings