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.
This report contains market size and forecasts of Niacinamide in global, including the following market information:
Global Niacinamide Market Revenue, 2017-2022, 2023-2028, ($ millions)
Global Niacinamide Market Sales, 2017-2022, 2023-2028, (MT)
Global top five Niacinamide companies in 2021 (%)
The global Niacinamide market was valued at 1080.1 million in 2021 and is projected to reach US$ 1233.4 million by 2028, at a CAGR of 1.9% during the forecast period 2022-2028.
The U.S. Market is Estimated at $ Million in 2021, While China is Forecast to Reach $ Million by 2028.
Feed Grade Niacinamide Segment to Reach $ Million by 2028, with a % CAGR in next six years.
The global key manufacturers of Niacinamide include Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Lasons India, Vanetta, DSM, Zhejiang Lanbo Biotechnology and Tianjin Zhongrui Pharmaceutical. etc. In 2021, the global top five players have a share approximately % in terms of revenue.
MARKET MONITOR GLOBAL, INC (MMG) has surveyed the Niacinamide manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.
Total Market by Segment:
Global Niacinamide Market, by Type, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Niacinamide Market Segment Percentages, by Type, 2021 (%)
Feed Grade Niacinamide
Food Grade Niacinamide
Pharmaceutical Grade Niacinamide
Others
Global Niacinamide Market, by Application, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Niacinamide Market Segment Percentages, by Application, 2021 (%)
Feed Additives
Food and Drinks
Pharmaceutical
Daily Chemicals
Others
Global Niacinamide Market, By Region and Country, 2017-2022, 2023-2028 ($ Millions) & (MT)
Global Niacinamide Market Segment Percentages, By Region and Country, 2021 (%)
North America
US
Canada
Mexico
Europe
Germany
France
U.K.
Italy
Russia
Nordic Countries
Benelux
Rest of Europe
Asia
China
Japan
South Korea
Southeast Asia
India
Rest of Asia
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
Turkey
Israel
Saudi Arabia
UAE
Rest of Middle East & Africa
Competitor Analysis
The report also provides analysis of leading market participants including:
Key companies Niacinamide revenues in global market, 2017-2022 (Estimated), ($ millions)
Key companies Niacinamide revenues share in global market, 2021 (%)
Key companies Niacinamide sales in global market, 2017-2022 (Estimated), (MT)
Key companies Niacinamide sales share in global market, 2021 (%)
Further, the report presents profiles of competitors in the market, key players include:
Lonza
Jubilant Life Sciences
Vertellus
Brother Enterprises
Lasons India
Vanetta
DSM
Zhejiang Lanbo Biotechnology
Tianjin Zhongrui Pharmaceutical