Niacin (Vitamin B3) Market Report | Analyzes the Top Players in the global market and splits the markets by Product Types and Applications…

Niacin (Vitamin B3) Market Research Report

In 2017, the global Niacin market is led by China, capturing about 46.69% of global Niacin production. India is the second-largest region-wise market with 22.66% global production share.

The Niacin (Vitamin B3) market research report is a professional and in-depth study on the current state of the global Niacin (Vitamin B3) Industry with a focus on the regional market. The report provides key statistics on the market status of the Niacin (Vitamin B3) players and is a valuable source of guidance and direction for companies and individuals interested in the industry.

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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 vitamin B3 complex. It has the formula C6H5NO2 and belongs to the group of the pyridinecarboxylic acids.

Lonza is the world leader, holding 46.38% production market share in 2017. Lonza's main markets are China and Europe. Vertellus is the only producer in the United States. At present, Vertellus Europe's production capacity has been transferred to China. In 2014, Lonza built a new 15,000 production line in China. At the same time, Lonza shut down the oldest production line (5000 ton production line in 1995) due to environmental stress.
China was the largest consumption market for Niacin, with volume exceeding 23186 MT in 2017. In addition, Asia Pacific is also expected to witness fastest growth.

In application, Niacin downstream is wide and recently Niacin has acquired increasing significance in various fields of Feed Additives, Pharmaceuticals and Cosmetics and Food and Beverage. Globally, the Niacin market is mainly driven by growing demand for Feed Additives which accounts for nearly 77.65% of total downstream consumption of Niacin in global. In type, Niacin can be divided into feed grade and Pharmaceutical Grade. Feed grade is the largest type, holding about 93.29% share.

The report provides a basic overview of the industry including its definition, applications, and classifications. Then, the report explores the international and regional major industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value, and market shares for each company.

The key regions in the market which have a scope of development and a large number of opportunities and the top patterns affecting the advancement of the Worldwide Niacin (Vitamin B3) Market have been provided through this report.

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Market Segment by Key Players, this report covers: Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Zhejiang Lanbo Biotechnology, Lasons India, Vanetta, DSM, Tianjin Zhongrui Pharmaceutical, Resonance Specialties

Market Segment by Regions, regional analysis covers: North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Market Segment by Type, covers: Pharmaceutical Grade, Feed Grade

Market Segment by Applications can be divided into Feed Additives, Food and Drinks Industry, Pharmaceutical Industry, Daily Chemicals

The objective of the study is to define Niacin (Vitamin B3) market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players.

This research study involved the extensive use of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers, and challenges.

Features of the report:
a. The analysis of the Niacin (Vitamin B3) market, their Growth, Demand, position, size, and share from different regions are mentioned in detailed.
b. The key players in the market and their share in the global market are discussed.
c. The new strategic plan and suggestions that will help old, as well as new market players to maintain the competitiveness, are also discussed.
d. The Niacin (Vitamin B3) market report provides some important points related to growth factors, challenges, opportunities, end-user analysis, achievement and so on.
e. The latest trends that are being followed in the market are included along with an example.

In the end, The report covers the precisely studied and evaluated data of the global market players and their scope in the market using a number of analytical tools. The analytical tools such as investment return analysis, SWOT analysis, and feasibility study are used to analyze the key global market player's growth in the Niacin (Vitamin B3) industry.

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