Global Niacinamide Market Growth 2023-2029

Global Niacinamide Market Growth 2023-2029

Niacinamide, also called nicotinamide, is a form of vitamin B-3, an essential nutrient. A B-3 deficiency can lead to disorders of the skin, kidneys, and brain. Taking niacinamide can help prevent B-3 deficiency. 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 Niacin complex. It has the formula C6H5NO2 and belongs to the group of the pyridinecarboxylic acids.
LPI (LP Information)' newest research report, the “Niacinamide Industry Forecast” looks at past sales and reviews total world Niacinamide sales in 2022, providing a comprehensive analysis by region and market sector of projected Niacinamide sales for 2023 through 2029. With Niacinamide sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Niacinamide industry.
This Insight Report provides a comprehensive analysis of the global Niacinamide 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 Niacinamide portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Niacinamide market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Niacinamide 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 Niacinamide.
The global Niacinamide market size is projected to grow from US$ 1026.9 million in 2022 to US$ 1185.6 million in 2029; it is expected to grow at a CAGR of 1185.6 from 2023 to 2029.
In the global market, the core manufacturers of niacinamide include Lonza etc, and the top 1 manufacturer accounts for above 50% of the market share. The market include Asia Pacific, Europe and North America, with a share of 38%, 25% and 24%. feed grade accounted for 65% and food grade accounted for 15%. the product is mainly used in feed additives and pharmaceutical industry fields, with a share of 65% and 15%.
This report presents a comprehensive overview, market shares, and growth opportunities of Niacinamide market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
Feed Grade Niacinamide
Food Grade Niacinamide
Pharmaceutical Grade Niacinamide
Others
Segmentation by application
Feed Additives
Food and Drinks
Pharmaceutical
Daily Chemicals
Others
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
Lasons India
Vanetta
DSM
Zhejiang Lanbo Biotechnology
Tianjin Zhongrui Pharmaceutical
Key Questions Addressed in this Report
What is the 10-year outlook for the global Niacinamide market?
What factors are driving Niacinamide market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Niacinamide market opportunities vary by end market size?
How does Niacinamide break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.