Niacin and Niacinamide Market is estimated to grow at a CAGR of 5% during the forecast period. Vitamin B3 comes in the form of niacin and niacinamide Yeast, meat, fish, milk, eggs, green vegetables, and cereal grains all contain niacinamide. Niacin is also made in the body from the amino acid tryptophan, which is found in protein-rich foods. Niacin is frequently seen in combination with other B vitamins when taken as a supplement. Niacin is necessary for the efficient functioning of fats and sugars in the body, as well as the maintenance of healthy cells. Because of its anti-clotting properties, niacin may benefit people with heart disease, when taken in high doses. It may also help to lower blood triglyceride levels, which are a form of fat.
Niacinamide, also known as Nicotinamide or Nicotinic Acid Amide, is interchangeably used with niacin. Meat, beans, seafood, eggs, yeast, and green vegetables all contain them naturally. Niacin and niacinamide are available in a variety of forms, including powder, granular, and liquid.
Focus of established players towards exploring the application area of niacin and niacinamide, and dedicated strategies are the factors driving the growth of the global niacin and niacinamide market. Additionally, rising healthcare expenditures, consumer preference for healthy eating habits, rising demand for niacin and niacinamide in cosmeceutical products, and the benefits of niacin and niacinamide against a variety of ailments are all driving the global niacin and niacinamide market.
The popularity of niacin and niacinamide, and its benefits for human health drives the global niacin and niacinamide market. A number of medical specialists believe that niacin can help prevent advanced melanoma from developing. Furthermore, proper niacin and niacinamide consumption can help to prevent chronic renal disease. Types of vitamin B are beneficial in delaying the onset of type 1 diabetes. The global niacin and niacinamide market is expected to grow at a rapid rate in the coming years as a result of the aforementioned factors.
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Market Coverage
- The market number available for – 2022-2029
- Base year- 2022
- Forecast period- 2023-2029
Segments Covered
- By Product type
- By Application
Regions Covered
- North America
- Europe
- Asia-Pacific
- Rest of the world
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- Competitive Landscape: Foodchem International Corporation, Koninklijke DSM N.V., Merck KGaA, Bactolac Pharmaceutical Inc., BASF SE among others
Niacin and Niacinamide Market Segmentation
By Product Type
- Powder
- Granular
- Liquid
By Application
- Pharmaceuticals
- Cosmeceuticals
- Human Nutrition
- Animal Nutrition
- Others
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Niacin and Niacinamide Market by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
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