Global Niacin (Vitamin B3) Market Growth 2023-2029

Global Niacin (Vitamin B3) Market Growth 2023-2029

This report studies the Vitamin B3 market, Niacin, also known as nicotinic acid, is an organic compound and is, depending on the definition used, one of the 20 to 80 essential human nutrients. Together with nicotinamide it makes up the group known as vitamin B3 complex. It has the formula C6H5NO2 and belongs to the group of the pyridinecarboxylic acids.
LPI (LP Information)' newest research report, the “Niacin (Vitamin B3) Industry Forecast” looks at past sales and reviews total world Niacin (Vitamin B3) sales in 2022, providing a comprehensive analysis by region and market sector of projected Niacin (Vitamin B3) sales for 2023 through 2029. With Niacin (Vitamin B3) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Niacin (Vitamin B3) industry.
This Insight Report provides a comprehensive analysis of the global Niacin (Vitamin B3) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Niacin (Vitamin B3) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Niacin (Vitamin B3) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Niacin (Vitamin B3) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Niacin (Vitamin B3).
The global Niacin (Vitamin B3) market size is projected to grow from US$ 637.8 million in 2022 to US$ 559 million in 2029; it is expected to grow at a CAGR of 559 from 2023 to 2029.
Global Niacin (Vitamin B3) key players include Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Zhejiang Lanbo Biotechnology, etc. Global top five manufacturers hold a share about 85%. China is the largest market, with a share about 50%, followed by Europe, with a share about 25 percent. In terms of product, Feed Grade is the largest segment, with a share about 90%. And in terms of application, the largest application is Feed Additives, followed by Food and Drinks Industry, Pharmaceutical Industry, Daily Chemicals, etc.
This report presents a comprehensive overview, market shares, and growth opportunities of Niacin (Vitamin B3) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Pharmaceutical Grade
Feed Grade
Segmentation by application
Feed Additives
Food and Drinks Industry
Pharmaceutical Industry
Daily Chemicals
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Lonza
Jubilant Life Sciences
Vertellus
Brother Enterprises
Zhejiang Lanbo Biotechnology
Lasons India
Vanetta
DSM
Tianjin Zhongrui Pharmaceutical
Resonance Specialties
Key Questions Addressed in this Report
What is the 10-year outlook for the global Niacin (Vitamin B3) market?
What factors are driving Niacin (Vitamin B3) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Niacin (Vitamin B3) market opportunities vary by end market size?
How does Niacin (Vitamin B3) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

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