Niacin and Niacinamide Market to Reflect Steady Growth Rate by 2026
Niacin and Niacinamide Market will Garner in Revenues US$ 1,500 Mn by 2026
September 19, 2018 - by Abhishek Budholiya
In its newly compiled report, Future Market Insights (FMI) states that the global niacin and niacinamide market will showcase a steady rise over the forecast period, 2017 to 2026. Sales of niacin and niacinamide across the globe are estimated to reach revenues worth approximately US$ 1,500 Mn by 2026-end.
Niacinamide – A Promising Supplement to Prevent Melanoma in High-Risk Patients
According to a group of researchers from University of Sydney, niacinamide has showcased photo-protective effects against melanoma development mechanisms. In addition, in vitro analyses have represented niacinamide’s potential to reduce melanoma cell proliferation and accelerate apoptosis. Induction of melanoma involves inflammation, immunosuppression, and DNA damage. According to cellular studies, niacinamide enhances DNA repair, reduces ultra-violet-induced immunosuppression, and offers anti-inflammatory effects on the skin. These aspects, in coordination with reductions attained in non-melanoma skin cancer (NMSC) incidences, and in vitro evidences, are likely to forge niacinamide as a promising supplement for preventing melanoma in high-risk patients. Randomized placebo-controlled trails are now being acquitted for determining the safety and efficacy of niacinamide in preventing melanoma induction.
Request to View Sample of Research Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-4521
After years of remaining the mainstay drug for cholesterol therapy, niacin is no longer being considered to be prescribed for patients, as it has recently been related to increased risk of mortality, and adverse side effects. Niacin is losing its position of being beneficial in reducing strokes and heart attacks. Elder population with cardiovascular diseases, under age-group 50-80, who consumed extended release niacin and laropiprant (to reduce face flushing caused by niacin), have shown no reduction in risk of stroke rates and heart attacks. Additionally, concerns are being elucidated associated with niacin supplementation’s hazardous side effects such as liver problems, excess bleeding, excess infections, and gout.
APEJ to Reflect Fastest Expansion in Global Niacin and Niacinamide Market through 2026
Asia-Pacific excluding Japan (APEJ) is projected to reflect the fastest expansion in the global niacin and niacinamide market through 2026. The growth of APEJ can be highly attributed to surging prevalence of metabolic dysfunctions. Niacinamide has been witnessed to make improvements in a human body’s energy production, owing to its role as the progenitor of NAD – an imperative molecule for energy metabolism. The region’s healthcare practitioners are therefore recommending patients to consumer niacinamide with prescription from physicians for improving their energy metabolism.
North America is projected to register a steady expansion in the global niacin and niacinamide market through 2026. Demand for niacin & niacinamide in North America will primarily remain sustained by increasing rate of obesity. Over one-third of the North American population is currently suffering from obesity, according to the Centers for Disease Control and Prevention (CDC). Obesity-related conditions comprise heart disease, stroke, and type 2 diabetes. Niacin holds potential of improving adiposity, glucose tolerance, lipid profile, and insulin sensitivity, while modulating adiponectin level which further helps in treating obesity effectively.
Key Takeaways from FMI’s Report on Niacin and Niacinamide Market for the Forecast Period 2017-2026
Liquid and granular forms of niacin and niacinamide are expected to witness the fastest sales expansion through 2026. However, market revenue share of powder form of niacin and niacinamide will remain comparatively higher than the combined share of powder and liquid forms throughout the forecast period.
Sales of niacin and niacinamide for end-use in cosmeceuticals and human nutrition will ride on the highest CAGRs through 2026. In contrast, niacin and niacinamide sales for end-use in animal nutrition will register the lowest CAGR, albeit this end-use segment is projected to account for the highest revenue share over the forecast period. Pharmaceuticals will remain a steadily expanding end-use of niacin and niacinamide.
Key players that are actively supporting growth of the global niacin and niacinamide market include Brother Enterprises Holding Co., Ltd., Zhejiang NHU Company Ltd., Fagron NV, Vertellus Specialties Inc., Jubilant Life Sciences Limited, Evonik Industries AG, Foodchem International Corporation, BASF SE, Merck KGaA, Bactolac Pharmaceutical Inc., Koninklijke DSM N.V., and Lonza Group AG.
Request Report for Table of Contents @ https://www.futuremarketinsights.com/askus/rep-gb-4521
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centers in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Niacin and Niacinamide Market to Reflect Steady Growth Rate by 2026 here
News-ID: 1270012 • Views: 424
More Releases from Future Market Insights
Global Lithium Ion Battery Separator Market Projected to Reach US$ 3,256.7 Milli …
The lithium-ion battery separator is a critical component in lithium-ion batteries, responsible for preventing short circuits and ensuring safe and efficient battery performance. It acts as a physical barrier between the positive and negative electrodes, allowing lithium ions to pass through while blocking the flow of electrons. With advancements in separator technology, these separators play a key role in enhancing battery capacity, cycle life, and overall safety in various applications,
Industrial Drums Market on a Trajectory to Reach US$ 17.6 Billion by 2027, Bolst …
The Industrial Drums Market is experiencing a steady and promising trajectory, with an estimated value of US$ 12.5 billion in 2022, projected to escalate to US$ 17.6 billion by 2027 at a commendable Compound Annual Growth Rate (CAGR) of 7.1%. This growth is substantiated by a 6.6% CAGR in volume during 2022-27, as per Future Market Insights. Anticipated to expand 1.5 times within this period, the market presents alluring prospects for industry
Supermarkets, Convenience Stores, and Eco-friendly Choices Fuel the Expansion of …
The metal cans market is predicted to grow at a CAGR of 5% over the forecast period, according to research by Future Market Insights. The industry's estimated value is expected to increase from US$ 56 Bn in 2023 to US$ 91.1 Bn by 2033. The market for metal cans has been driven by the heightened demand for the product in food and beverages industry. Metal cans helps prolong shelf-life of perishable
Folding IBCs Market Poised for Growth: Expected to Reach US$ 528 Million by 2027 …
The folding intermediate bulk containers (IBCs) market is on a growth trajectory, with an estimated value of US$ 418 million in 2022, projected to reach US$ 528 million by 2027, showcasing a Compound Annual Growth Rate (CAGR) of 4.8%. Remarkably, the China folding IBCs market defied initial pandemic-related skepticism and is anticipated to grow by 6.9% year on year in 2022. Despite global challenges, China's folding IBCs market is poised to contribute
More Releases for Niacin
Demand of Niacin and Niacinamide to Rise as Niacin Realizing Potential as an Add …
Niacin and Niacinamide are revolutionary supplements that have gained traction for their ability to cut squamous cell and basal cell skin cancers by nearly 20% giving unprecedented rigor to its market. In addition, niacinamide based cosmetic and skin care formulations, on the back of their anti-ageing properties are gaining significant momentum. Click here to Get Synopsis of the Report - https://www.factmr.com/report/4290/niacin-and-niacinamide-market As a result, the market will nearly double to reach
Europe to Remain Prominent in Global Niacin and Niacinamide Market: Noted Fact.M …
Niacin and Niacinamide are revolutionary supplements that have gained traction for their ability to cut squamous cell and basal cell skin cancers by nearly 20% giving unprecedented rigor to its market. In addition, niacinamide based cosmetic and skin care formulations, on the back of their anti-ageing properties are gaining significant momentum. As a result, the market will nearly double to reach a valuation of US$ 1.6 Bn by 2027, as
Niacin and Niacinamide Market Exhibits Higher Growth Prospects during 2019 2027/ …
Niacin is an organic compound with chemical formula “C₆H₅NO₂” and is a form of Vitamin B3. U.S. Food and Drug Administration (US FDA) has approved Niacin & Niacinamide to be used in the treatment of patients suffering from pellagra. It is also used to treat a number of diseases such as melanoma, hyperphosphatemia, etc. Usage of Niacin in skin care cosmetics is increasing as it helps in protection of skin
Niacin (Vitamin B3) Market Size, Status and Growth Forecast 2020-2026
The Research report on the Niacin (Vitamin B3) Market is complete guide for the new entrants in the industry; the report provides the market history of every product ever retailed by the company. It also provides history of the product types, sales, volume, technology, during the forecast period. The growth rate challenges and barriers are also explained in the Niacin (Vitamin B3) Market research report. The report shades light on
Asia-Pacific Niacin and Niacinamide Market Research Report 2018- QY Research
In this report, the Asia-Pacific Niacin and Niacinamide market is valued at USD million in 2017 and is expected to reach USD million by the end of 2025, growing at a CAGR of % between 2017 and 2025. Geographically, this report split Asia-Pacific into several key Regions, with sales (K MT), revenue (Million USD), market share and growth rate of Niacin and Niacinamide for these regions, from 2013 to
Global Niacin Market Key Trends, Challenges and Opportunities 2018
Qyresearchreports include new market research report "Global Niacin Market Research Report 2018" to its huge collection of research reports. The report on the global Niacin market is an in depth analysis of the industry including its key drivers and restraints, trends, and opportunities. The report gives a bird eye's view of the overall market and the various governmental laws that have an impact on it. Laws implemented by regulatory bodies that