Nicotinic Acid (Vitamin B3) Market to Register High Revenue Growth During 2022-2028 | Aarti Drugs, Brother Enterprises Holding, DSM

The global Nicotinic Acid (Vitamin B3) market size is estimated to be valued USD 332.5 million in 2021 and is expected to reach a value of USD 379.2 million by 2028, growing at a CAGR of 2.9% during the forecast period. 

A latest published report on Global Nicotinic Acid (Vitamin B3) Market industry analysis and forecast 2022-2028. An analysis report published by Market Intelligence Data is an in-depth study and detailed information regarding the market size, market performance and market dynamics of the Nicotinic Acid (Vitamin B3). This market report provides a holistic scope of the market which includes future supply and demand scenarios, changing market trends, high growth opportunities, and in-depth analysis of the future market prospects. This has brought along several changes in market conditions. This report provides latest insights about the market's drivers, restraints, opportunities, and trends. It also discusses the growth and trends of various segments and the market in various regions.

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The major players covered in the Nicotinic Acid (Vitamin B3) market are- Aarti Drugs, Brother Enterprises Holding, DSM, Jubilant Life Science, Lanbo Biotechnology, Lasons, Lonza, Nantong Acetic Acid Chemical, Red Sun Group, Resonance Specialties, Tianjin Zhongrui Pharmaceutical, Vanetta, Vertellus, and others.

Market Overview:

Nicotinic acid is also known as niacin, Vitamin B3, and nicotinamide. It is essential for the growth and synthesis of hormones. It is a nutrient, which supports the body by converting food into glucose. Glucose is then utilized to produce energy in the body. Nicotinic acid also helps in the normal functioning of the nervous system and decreases fatigue. It is prominently present in meat, fish, whole cereals, yeast, peas, beans, nuts, fruits, and vegetables. Tissues present in our body convert absorbed niacin into coenzyme nicotinamide adenine dinucleotide (NAD). NAD is primarily involved in catabolic reactions, for transfer of potential energy in carbohydrates, fats, and proteins to adenosine triphosphate (ATP).

Regional Analysis:

Asia Pacific is anticipated to constitute major share of the global market during the forecast period. China and India have large number of consumers for chicken. Nicotinic acid supplements are given to chickens and swine to meet the basic requirements for the growth of their bodies. This is projected to boost the demand for nicotinic acid in the near future.

Segment by Type

 Niacin Lowers Cholesterol

 Others

Segment by Application

 Feed Additives

 Food & Beverage

 Pharmaceuticals

 Industrial

 Daily Chemicals

The current market situations and prospects of the sector also have been examined. Additionally, prime strategical activities in the market, which include product developments, mergers, and acquisitions, partnerships, etc., are discussed. Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products, etc.)

Regionally, this report focuses on several key regions: APAC, South America, North America, Europe and MEA. At company level, this report focuses on the production capacity, ex-factory price, and revenue and Industry share for each manufacturer covered in this report. This report focuses on global level, regional level and company level and represents overall Nicotinic Acid (Vitamin B3) Industry size by analysing historical data and future prospect.

The report provides a comprehensive analysis of:

Key market segments and sub-segments
Evolving market trends and dynamics
Changing supply and demand scenarios
Quantifying market opportunities through market sizing and market forecasting
Tracking current trends/opportunities/challenges
Competitive insights
Opportunity mapping in terms of technological breakthroughs

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