Niacin and Niacinamide Market: size was valued at US$ 938.29 million in 2020 and the Niacin and Niacinamide revenue is expected to grow at 5.8% through 2021 to 2027, reaching nearly US$ 1,392.31 million.
Niacin and Niacinamide Market Overview:
Stellar Industry Research's Niacin and Niacinamide Industry Report offers readers a detailed evaluation of the worldwide market landscape. This Niacin and Niacinamide Market study examines the situation from 2021 to 2027, using 2020 as the base year and historical data from 2016 to 2019. This study aids clients in making key business choices by delivering a variety of research-based information.
Market Scope:
This market study on the Niacin and Niacinamide market is based on an in-depth examination of the industry, supplemented by secondary and primary sources. To estimate market volume, Niacin and Niacinamide's country-by-country model mappings, which include local and international financial data as well as relevant patent and regulatory databases, are employed. The competitive climate of the Niacin and Niacinamide sector is supported by an assessment of the various elements that affect the market on a microscopic and comprehensive level. By examining historical data, recent trends, and major business statements, analysts in the Niacin and Niacinamide industry generate forecasts and estimations, as well as compute market prognosis.
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Key Players:
This study includes business screening for the client's specialty area, as well as up-to-date relevant data on strategic priorities such as consolidations, procurements, collaborations, developments, and product releases for top companies on a local scale for a variety of industries or markets depending on the client's billing cycle. Our data is continually updated and amended by a team of research specialists to reflect the most recent trends and facts. We have extensive research and consulting experience in a wide range of business disciplines, allowing us to meet the needs of both people and corporations. Our educated staff employs unique data sources as well as a variety of diverse tactics. The following companies are prominent players in the Niacin and Niacinamide industry:
Regional Analysis:
Europe (including Germany, France, the United Kingdom, Russia, and Italy), Asia-Pacific (including China, Japan, Korea, India, and Southeast Asia), Latin America (including Brazil, Argentina, and Colombia), the Middle East, and Africa have all been researched (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). The research looks at regional competitive settings. This information may be used by market players to better their approaches and provide new chances to accomplish extraordinary results.
Niacin and Niacinamide Market Segmentation:
By Form, the powder segment is expected to have the largest market share during the forecast period. Furthermore, powdered Niacin and Niacinamide have a faster beginning of effect than other forms, which is fuelling the segment's growth. However, due to higher absorption rates and easier dosing flexibility, the liquid segment accounted for the largest market share in 2020, and it is expected to grow at a considerable CAGR of 7.6% over the forecast period 2021-2027.
By Application, The Niacin and Niacinamide Market was dominated by the animal nutrition segment in 2020. The segment's dominance can be due in great part to its ability to reduce ketosis in dairy cattle, resulting in improved milk output. Cows treated with niacin reliably give more milk with greater fat percentages, according to recent lactation studies. The cosmeceuticals application segment, on the other hand, accounted for the largest market share in 2020 and is expected to increase at a CAGR of 7.9% from 2021 to 2027. Because of its potential to protect skin cells from UV radiation, Niacinamide is increasingly being used in skincare products.
Niacin and Niacinamide Market Key Players:
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)
COVID-19 Impact Analysis on Niacin and Niacinamide Market:
The Global Niacin and Niacinamide Market Research Report provides a snapshot of the industry based on important metrics such as sales volume, revenue, and sales forecasts, as well as main drivers. The market is predicted to expand significantly throughout the forecasted period (2021-2027). This report also includes the most current market repercussions of COVID-19. The outbreak's global expansion has had a wide-ranging impact on people's lives. As a result, industries have been compelled to embrace new methods, attitudes, and techniques. The case study attempts to depict the market's current and future expectations.
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Key Questions Answered in the Niacin and Niacinamide Market Report are:
- How has the competitive landscape of the Niacin and Niacinamide market recently changed?
- What are the market size and share of Niacin and Niacinamide?
- Where can I get example market studies and business profiles?
- Who are the prospective customers in the Niacin and Niacinamide market?
- Who are the main rivals in the Niacin and Niacinamide industry?
- Where can I obtain business profiles for the top ten Niacin and Niacinamide market participants?
- Which region now and in the future has the greatest commercial potential for Niacin and Niacinamide?
- Who are the service providers in the Niacin and Niacinamide industry?
- What are the primary growth strategies of Niacin and Niacinamide industry competitors?
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