Europe to Remain Prominent in Global Niacin and Niacinamide Market: Noted Fact.MR
To remain ‘ahead’ of your competitors, request a sample: https://www.factmr.com/connectus/sample?flag=S&rep_id=4290
Niacin Realizing Potential as an Add-On Therapy for Dialysis Patients, Says Fact.MR
Majority of patients affected with end-stage renal disease are found to develop hyperphosphatemia. According to Fact.MR, in the near future, Niacin is most likely to become an inexpensive and a patient-convenient, add-on therapy for phosphorus management in dialysis patients. Fact.MR notes that there will be an upsurge in the demand for niacin and niacinamide over the next ten years fueled by its attributes of enhanced safety, and clinical benefits.
Key Takeaways from Niacin and Niacinamide Market:
Animal nutrition accounts for over half of the market revenue due to high demand of niacin in animal nutrition on the premise of limiting medical conditions such as ketosis.
Cosmeceuticals application held a nominal share within the niacin and niacinamide market in terms of value. However, with key players exploring newer application areas within the cosmeceutical industry, “Cosmeceuticals” will be the most lucrative application over the long term forecast witnessing a robust CAGR of ~ 7%
With more than US$ 50 Bn being invested annually toward oncology R&D, the use of niacin and niacinamide for cancer treatment will provide an upswing to its market
MR states that studies over the past half-decade have shown adverse side-effects associated with Niacin & Niacinamide. To mitigate adverse effects, market players including Jubilant Life Sciences Limited, Lonza Group AG etc. are pioneering research efforts to lessen the side effects of niacin.
The Asia Pacific Excluding Japan (APEJ) region is expected to rise with the fastest CAGR over the long term forecast period of 2019-2027 due to surging prevalence of lifestyle diseases such as metabolic dysfunction, and obesity
“Rise of health conscious consumers worldwide has resulted in an escalated demand for niacin and nicinamide formulated supplements, pushing market players to align their portfolio and branding as per the market outlook of the chemical,” says Fact.MR analyst.
Product Innovation Focused on Ensuring Lesser Side Effects
The niacin and niacinamide market is well matured, however it has plenty of room for improvement. Niacin drugs with advanced benefits and lesser side effects are expected to hit the shelves in the near future. Major players in the market including Jubilant Life Sciences Limited, Lonza Group AG, BASF SE, Koninklijke DSM N.V. etc. are focusing on innovative product launches and acquisitions for strengthening their hold in the global niacin and niacinamide market.
For critical insights on this market, request for Methodology here: https://www.factmr.com/connectus/sample?flag=RM&rep_id=4290
Domestic manufacturers in China along with other regional market participants find lucrative opportunities in the market, backed by government initiatives towards adoption of high-nutrition foods such as “2015–2020 Dietary Guidelines for Americans” by U.S. Department of Health and Human Services and the “Eat Right India” campaign that is touching the right nerve of consumers.
More Valuable Insights on Niacin and Niacinamide Market:
Fact.MR, in its new offering, presents an unbiased analysis of the global niacin and niacinamide market, presenting historical demand data (2013-2018) and forecast statistics for the period of 2019-2027. The study divulges essential insights on the niacin and niacinamide market on the basis of form (powder, granular, and liquid) and end-use (human nutrition, pharmaceuticals, animal nutrition, cosmeceuticals, and others) across six major regions.
US Sales Office:
11140 Rockville Pike
Rockville, MD 20852
Tel: +1 (628) 251-1583
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. We are headquartered in Dubai, and operate from our sales office in Dublin, Ireland. Reach out to us with your goals, and we’ll be an able research partner.
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 Europe to Remain Prominent in Global Niacin and Niacinamide Market: Noted Fact.MR here
News-ID: 2235890 • Views: 354
More Releases from Fact.MR
Drone Construction Monitoring Market, Trends, Factors, Region And Country Analys …
Global drone construction monitoring market is expected to reach valuation of US$ 318.2 million in 2023 and further progress at a CAGR of 13.6% to reach US$ 1,149.0 million by the end of 2033. The construction industry has undergone a profound transformation in recent years, thanks to the integration of cutting-edge technologies. One of the most impactful innovations has been the widespread adoption of drones for construction monitoring. These unmanned aerial
Phosphonates Market, Product Launches, Regional Analysis & Forecast by Fact MR
The global phosphonates market is valued at US$ 1.1 billion in 2023. Detailed industry analysis reveals that worldwide phosphonate sales are projected to increase at 6.6% CAGR and reach a market value of US$ 2.1 billion by the end of 2033. The phosphonates market has witnessed significant growth and development in recent years, driven by their wide-ranging applications across various industries. Phosphonates are a class of organic compounds containing phosphorus and
Air Charter Services Market to Exceed US$ 54.0 Billion by 2033, with 5.4% CAGR: …
The air charter services market is anticipated to be valued US$ 31.9 billion by the end of 2023, rising at a CAGR of 5.4% to US$ 54.0 billion by 2033. The Air Charter Services market has undergone significant transformations in recent years, reshaping the aviation industry landscape. As a bespoke alternative to traditional commercial flights, air charter services have gained popularity among businesses and individuals seeking flexible and personalized travel solutions.
LIB Anode Market Is Forecast To Reach US$ 29.9 Billion By 2033
The global LIB anode market is estimated at US$ 9.2 billion in 2023 and is forecast to reach US$ 29.9 billion by 2033, growing with a CAGR of 12.5% from 2023 to 2033. In a digital world governed by electricity, batteries have been playing a crucial role which is expected to become more crucial in the future. Anodes and cathodes are essential elements of batteries that also have a large
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
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
Niacin and Niacinamide Market to Reflect Steady Growth Rate by 2026
HEALTHCARE 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
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