Global Nicotinamide (NAA) (aka Niacinamide) Market Research Report 2017-2030 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Nicotinamide (NAA) (aka Niacinamide) Market
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. It is estimated that the global vitamin B3 market size is valued at USD 1.15 billion in 2022 and is expected to reach USD 1.5 billion by 2030, with a CAGR (2022-30) of 3.04%.

In global market, the sales of Nicotinamide increased from 55407 MT in 2013 to 76862 MT in 2017. In 2017, the global Nicotinamide market is led by Europe, capturing about 31.97% of global Nicotinamide consumption. The current demand for the year 2022 for vitamin B3 has exceeded 90,000 tons, and the future market demand is expected to exceed 120,000 tons by the year 2030.

China is the second-largest region-wise market with 28.81% global consumption share.

The demand for vitamin B3 is mainly driven by the feed industry, where more than 70% of vitamin B3 is used in feed additives, followed by the food and beverage industry. , Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Lasons India, and Vanetta, among others, have production bases in China, India, and Europe, with growing production capacity. Vertellus Europe's production capacity has been transferred to China. The pollution of the whole chain of the vitamin industry is not small, resulting in the general transfer of the production capacity of the vitamin industry to China. With the advantages of Chinese enterprises' production capacity, the competitiveness of other foreign enterprises has gradually declined. It is expected that the new production capacity in the future will mainly come from China and India. Vitamin B3 is an industry with concentrated oligarchs and high technical barriers, and it is difficult for new entrants to challenge the existing market pattern in the short term.



Market Segmentation, Outlook & Regional Insights: Nicotinamide (NAA) (aka Niacinamide) Market
Segmentation by Product Type: Breakdown of data from year 2014 to 2019 and forecast until 2030:

 	
Pharmaceutical Grade
 	
Feed Grade
 	
Other

Segmentation by Application: Breakdown of data from year 2014 to 2019 and forecast until 2030:

 	
Feed Additives
 	
Food and Drinks Industry
 	
Pharmaceutical Industry
 	
Daily Chemicals
 	
Other

Key Players, Recent Developments & Sector Viewpoints: Nicotinamide (NAA) (aka Niacinamide) Market

 	
Lonza
 	
Jubilant Life Sciences
 	
Vertellus
 	
Brother Enterprises
 	
Zhejiang Lanbo Biotechnology
 	
Lasons India
 	
Vanetta
 	
DSM

Key Insights Covered: Exhaustive Nicotinamide (NAA) (aka Niacinamide) Market

1. Market size (sales, revenue and growth rate) of Nicotinamide (NAA) (aka Niacinamide) industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Nicotinamide (NAA) (aka Niacinamide) industry.
3. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Nicotinamide (NAA) (aka Niacinamide) industry.
4. Market size (sales, revenue) forecast by regions and countries from 2019 to 2025 of Nicotinamide (NAA) (aka Niacinamide) industry.
Research Methodology: Nicotinamide (NAA) (aka Niacinamide) Market

 	
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
 	
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
 	
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.