Niacin (Vitamin B3) Market 2021: Global Analysis of Key Manufacturers, Dynamics & Forecast 2027

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In 2020, the global Niacin (Vitamin B3) market size was US$ 613 million and it is expected to reach US$ 584.7 million by the end of 2027, with a CAGR of -1.8% during 2021-2027.

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Top Leading Companies of Global Niacin (Vitamin B3) Market are - Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Zhejiang Lanbo Biotechnology, Lasons India, Vanetta, DSM, Tianjin Zhongrui Pharmaceutical, Resonance Specialties and others.

Market Overview:

This report studies the Vitamin B3 market, 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.
Global Niacin (Vitamin B3) key players include Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Zhejiang Lanbo Biotechnology, etc. Global top five manufacturers hold a share about 85%. China is the largest market, with a share about 50%, followed by Europe, with a share about 25 percent. In terms of product, Feed Grade is the largest segment, with a share about 90%. And in terms of application, the largest application is Feed Additives, followed by Food and Drinks Industry, Pharmaceutical Industry, Daily Chemicals, etc.

On The Basis of Types: -

Pharmaceutical Grade

Feed Grade

On The Basis of Application: -

Feed Additives

Food and Drinks Industry

Pharmaceutical Industry

Daily Chemicals

Regions Are covered By Niacin (Vitamin B3) Market Report 2021 To 2027

For comprehensive understanding of market dynamics, the global Niacin (Vitamin B3) market is analyzed across key geographies namely: 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, and Colombia), Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa). Each of these regions is analyzed on the basis of market findings across major countries in these regions for a macro-level understanding of the market

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-Favourable impression inside vital technological and market latest trends striking the Niacin (Vitamin B3) market.

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Important Features that are under offering and key highlights of the report:

- Detailed overview of the Niacin (Vitamin B3) market
- Changing market dynamics of the industry
- In-depth market segmentation by Type, Application, etc.
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape of the Niacin (Vitamin B3) market
- Strategies of key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards Niacin (Vitamin B3) market performance
- Must-have information for market players to sustain and enhance their market footprint

The research includes historic data from 2015 to 2020 and forecasts until 2027 which makes the reports an invaluable resource for industry executives, marketing, sales, and product managers, consultants, analysts, and other people looking for key industry data in readily accessible documents with clearly presented tables and graphs.

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