Niacin and Niacinamide Market Analysis, Applications, Growth Insight, Trends, Leaders, Services and Future Forecast - 2031

The Global Niacin and Niacinamide Market is estimated to grow at a CAGR of 5% during the forecast period. Vitamin B3 comes in the form of niacin and niacinamide Yeast, meat, fish, milk, eggs, green vegetables, and cereal grains all contain niacinamide. Niacin is also made in the body from the amino acid tryptophan, which is found in protein-rich foods. Niacin is frequently seen in combination with other B vitamins when taken as a supplement. Niacin is necessary for the efficient functioning of fats and sugars in the body, as well as the maintenance of healthy cells. Because of its anti-clotting properties, niacin may benefit people with heart disease, when taken in high doses. It may also help to lower blood triglyceride levels, which are a form of fat.

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Niacinamide, also known as Nicotinamide or Nicotinic Acid Amide, is interchangeably used with niacin. Meat, beans, seafood, eggs, yeast, and green vegetables all contain them naturally. Niacin and niacinamide are available in a variety of forms, including powder, granular, and liquid.

Focus of established players towards exploring the application area of niacin and niacinamide, and dedicated strategies are the factors driving the growth of the global niacin and niacinamide market. Additionally, rising healthcare expenditures, consumer preference for healthy eating habits, rising demand for niacin and niacinamide in cosmeceutical products, and the benefits of niacin and niacinamide against a variety of ailments are all driving the global niacin and niacinamide market.

The popularity of niacin and niacinamide, and its benefits for human health drives the global niacin and niacinamide market. A number of medical specialists believe that niacin can help prevent advanced melanoma from developing. Furthermore, proper niacin and niacinamide consumption can help to prevent chronic renal disease. Types of vitamin B are beneficial in delaying the onset of type 1 diabetes. The global niacin and niacinamide market is expected to grow at a rapid rate in the coming years as a result of the aforementioned factors.

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Market Coverage

Segments Covered
o By Product type

o By Application

Regions Covered
o North America

o Europe

o Asia-Pacific

o Rest of the world

Competitive Landscape: Foodchem International Corporation, Koninklijke DSM N.V., Merck KGaA, Bactolac Pharmaceutical Inc., BASF SE among others

Key questions addressed by the report:

What is the market growth rate?
Which segment and region dominate the market in the base year?
Which segment and region will project the fastest growth in the market?
How has COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast

o Most affected region and segment

Who is the leader in the market?
How players are addressing challenges to sustain growth?
Where is the investment opportunity?

Global Niacin and Niacinamide Market Segmentation

By Product Type

Powder
Granular
Liquid

By Application

Pharmaceuticals
Cosmeceuticals
Human Nutrition
Animal Nutrition
Others


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