Niacin and Niacinamide Market Is Expected To Reach USD 1,392.31 Million By 2027 At A CAGR Of 5.8 Percent.
Stellar Market Research has published a report on the Niacin and Niacinamide Market that provides a detailed analysis for the forecast period of 2021 to 2027.
Niacin and Niacinamide Market Scope:
The report comprises thorough insights into the market for industry stakeholders which includes an interpretation of complex market data in simple language, the industry’s historical and current state, along with estimated market size and trends. The report explores all segments of the industry, with a focus on significant players e.g. market leaders, followers, and new entrants. The report covers a detailed PESTLE analysis for different countries. A clear representation of the competitive landscape of key players by products and services, revenue, financial position, portfolio, growth strategies, and regional presence in the Niacin and Niacinamide market make the report an investor’s guide.
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Niacin and Niacinamide Market Overview:
Niacin, often known as vitamin B3, is an essential nutrient in humans. Niacin helps to lower cholesterol levels in the human body, lowering the risk of cardiovascular disease. Niacin has been demonstrated in trials to improve good HDL cholesterol levels while decreasing triglyceride levels. Another kind of vitamin B3 is niacinamide, which is used to treat diabetes, oral cancer, acne, osteoarthritis, and other conditions. Pellagra can be treated with a niacin and niacinamide combination.
Niacin and Niacinamide Market Trends:
Skin disease, diabetes, heart disease, fatigue, and tiredness are driving the growth of the niacin and niacinamide markets. Niacin is a B vitamin that is commonly used to prevent hypercholesterolemia and pellagra (niacin deficiency).
The global niacin and niacinamide market is increasing as a result of advancements in the fields of health and nutrition. To sustain optimal health, the body’s active vitamin requirements must be met. This aspect, along with a greater emphasis on eating a well-balanced diet, has created huge demand in the worldwide niacin and niacinamide market. Also, the obvious health benefits of B-type vitamins have driven the global market’s growth. Over the next decade, the total volume of sales in the global Niacin and niacinamide market is expected to grow.
The growing number of niacin and niacinamide end users, particularly in the cosmeceutical industry, is driving the market for the leading players. For example, Mamaearth introduced its Niacin Face Toner with Niacinamide and Witch Hazel for Acne and Open Pores, which helps to constrict pores without over-drying the face. The antioxidant qualities promote an even skin tone. It enhances the general texture of the skin and is devoid of any hazardous chemicals or mineral oils. Additionally, because of its potential to combat hyperpigmentation, Manmatters, a holistic health portal for men, launched REJUV Niacinamide Face Serum. It forms a layer of free fatty acids to keep your skin from losing moisture and looking lifeless.
Niacin and Niacinamide Market Regional Analysis:
In terms of revenue, Europe will continue to dominate the global Niacin and niacinamide market. Rising occurrences of downer cow syndrome (DCS) in dairy cattle, as well as an increase in the number of cases connected to pediatric obesity, are expected to drive demand for niacin and niacinamide in the region.
Because of the rising number of end-use industries and revenues, Europe and North America are expected to dominate the global market for niacin and niacinamides at the end of the forecast period. Rising occurrences of downer cow syndrome (DCS) in dairy cattle, as well as an increase in the number of cases connected to pediatric obesity, are predicted to drive demand for niacin and niacinamide in the region. The Asia Pacific area is a developing and potentially lucrative market for niacin and niacinamide.
Niacin and Niacinamide Market Segmentation:
By Form:
- Granular
- Powder
- Liquid
By Application:
- Pharmaceutics
- Cosmeceutics
- Human Nutrition
- Animal Nutrition
- Others
Niacin and Niacinamide Market Key Competitors:
- Brother Enterprises Holding Co., Ltd.
- Zhejiang NHU Company Ltd.
- Fagron NV
- Vertellus Specialties Inc.
- Jubilant Life Sciences Limited
- Evonik Industries AG
- Foodchem International Corporation
- BASF SE
- Merck KGaA
- Bactolac Pharmaceutical Inc.
- Koninklijke DSM N.V.
- Lonza Group AG
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