Niacin and Niacinamide Market size was valued at US$ 1111.19 million in 2023 and the Niacin and Niacinamide revenue is expected to grow at 5.8% through 2024 to 2030, reaching nearly US$ 1648.88 million.
Niacin and Niacinamide Market Overview:
The global niacin and niacinamide market is propelled by several factors, including the increasing prevalence of lifestyle-related diseases such as obesity and diabetes, growing consumer interest in preventive healthcare, and rising demand for skincare products with anti-aging and skin-lightening properties. Furthermore, advancements in drug formulations and manufacturing processes are driving market growth.
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Niacin and Niacinamide Market Scope:
The analysis contains a current examination of the present Niacin and Niacinamide market landscape, as well as the most recent trends and drivers, as well as an overview of the entire Niacin and Niacinamide market environment. Increased demand for Niacin and Niacinamide is driving the market. The Niacin and Niacinamide market research examines the technology, end-user, and type categories, among other things, as well as the geographical landscape.
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Niacin and Niacinamide Segmentation:
by Form
Granular
Powder
Liquid
By Application
Pharmaceutics
Cosmeceuticals
Human Nutrition
Animal Nutrition
Others
Niacin and Niacinamide Key Players:
The market research report provides comprehensive quantitative insights that provide a clear picture of the worldwide market potential in a variety of categories, as well as country-by-country analyses in each covered topic. The analysis investigates the market’s major influencing factors, as well as complete company profiles of
Brother Enterprises Holding Co., Ltd. (China)
Zhejiang NHU Company Ltd. (China)
Fagron NV (Netherlands)
Vertellus Specialties Inc.( United States )
Jubilant Life Sciences Limited (Noida)
Evonik Industries AG (Germany)
Foodchem International Corporation (China)
BASF SE (Germany)
Merck KGaA (Germany)
Bactolac Pharmaceutical Inc. ( United States )
Koninklijke DSM N.V. (Netherlands)
Lonza Group AG (Switzerland)
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Niacin and Niacinamide Regional Analysis:
The report provides detailed insights into the regional dynamics of the global niacin and niacinamide market, covering key regions such as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. It analyzes market trends, demand-supply dynamics, regulatory frameworks, and competitive landscapes in each region. Furthermore, it highlights emerging opportunities and challenges for market players operating in these regions.
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COVID-19 Impact Analysis on Niacin and Niacinamide Market:
The COVID-19 epidemic has had a significant impact on the global Niacin and Niacinamide industry. Niacin and Niacinamide Production facilities were halted due to the global economic slump and a lack of manpower. The COVID-19 pandemic has led to a significant and extended drop in production utilization, and travel prohibitions and facility closures have kept personnel away from their facilities, causing the Niacin and Niacinamide market to decelerate in 2020. The negative impact of COVID-19 on the Niacin and Niacinamide market, on the other hand, is expected to be transitory, and the sector is expected to revive significantly by early 2023, owing to increased demand for Niacin and Niacinamide.
Key Questions Answered in the Niacin and Niacinamide Market Report are:
- Which segment was responsible for the largest share in the Niacin and Niacinamide market?
- How was the competitive scenario of the Niacin and Niacinamide market in 2023?
- Which are the key factors responsible for the Niacin and Niacinamide market growth?
- Which region held the maximum share in the Niacin and Niacinamide market in 2023?
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