Report overview
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.
This report aims to provide a comprehensive presentation of the global market for Niacin (Vitamin B3), with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Niacin (Vitamin B3). This report contains market size and forecasts of Niacin (Vitamin B3) in global, including the following market information:
Global Niacin (Vitamin B3) Market Revenue, 2018-2023, 2024-2029, ($ millions)
Global Niacin (Vitamin B3) Market Sales, 2018-2023, 2024-2029, (MT)
Global top five Niacin (Vitamin B3) companies in 2022 (%)
The global Niacin (Vitamin B3) market was valued at US$ 670.9 million in 2022 and is projected to reach US$ 594 million by 2029, at a CAGR of -1.7% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.
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.
We surveyed the Niacin (Vitamin B3) 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 Niacin (Vitamin B3) Market, by Type, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Niacin (Vitamin B3) Market Segment Percentages, by Type, 2022 (%)
Pharmaceutical Grade
Feed Grade
Global Niacin (Vitamin B3) Market, by Application, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Niacin (Vitamin B3) Market Segment Percentages, by Application, 2022 (%)
Feed Additives
Food and Drinks Industry
Pharmaceutical Industry
Daily Chemicals
Global Niacin (Vitamin B3) Market, By Region and Country, 2018-2023, 2024-2029 ($ Millions) & (MT)
Global Niacin (Vitamin B3) Market Segment Percentages, By Region and Country, 2022 (%)
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 Niacin (Vitamin B3) revenues in global market, 2018-2023 (Estimated), ($ millions)
Key companies Niacin (Vitamin B3) revenues share in global market, 2022 (%)
Key companies Niacin (Vitamin B3) sales in global market, 2018-2023 (Estimated), (MT)
Key companies Niacin (Vitamin B3) sales share in global market, 2022 (%)
Further, the report presents profiles of competitors in the market, key players include:
Lonza
Jubilant Life Sciences
Vertellus
Brother Enterprises
Zhejiang Lanbo Biotechnology
Lasons India
Vanetta
DSM
Tianjin Zhongrui Pharmaceutical
Resonance Specialties
Outline of Major Chapters:
Chapter 1: Introduces the definition of Niacin (Vitamin B3), market overview.
Chapter 2: Global Niacin (Vitamin B3) market size in revenue and volume.
Chapter 3: Detailed analysis of Niacin (Vitamin B3) manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 6: Sales of Niacin (Vitamin B3) in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Global Niacin (Vitamin B3) capacity by region & country.
Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 11: The main points and conclusions of the report.
