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Global Niacin and Niacinamide Market Poised for Steady Expansion Amid Rising Health and Skincare Demand
Niacin and Niacinamide Market
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Market Trends and Developments
Recent advancements highlight niacinamide's versatility in skincare formulations, where it addresses inflammation, hyperpigmentation, and barrier repair without irritation. Companies like Jubilant Ingrevia have commissioned new cGMP facilities to boost niacinamide supply for skin, hair care, and pharmaceuticals, signaling production scalability. Korean beauty influences and e-commerce growth amplify demand for multifunctional serums and creams, while food fortification programs combat deficiencies in emerging regions.
Sustainability emerges as a key focus, with manufacturers adopting eco-friendly sourcing and clean-label practices to meet consumer preferences. Biotech integrations and personalized nutrition further expand applications, from animal feed enhancements to advanced cosmeceuticals.
Market Size, Share, Trends, Analysis, and Forecast by 2031
• Global niacin and niacinamide market projected to expand from approximately USD 1,830 million in 2025 to USD 2,240 million by 2031, reflecting steady compound annual growth.
• Niacinamide segment leads due to skincare dominance, with key players like BASF SE, DSM, and Lonza capturing significant shares through innovative portfolios.
• Trends emphasize multifunctional uses in serums (10-15% concentrations gaining traction) and fortified foods, alongside rising demand for powder forms in supplements.
• Analysis reveals supply chain optimizations and R&D in bioavailability, mitigating regulatory hurdles like dosage compliance.
• Forecast anticipates 3.4% CAGR globally, propelled by preventive healthcare and e-commerce penetration.
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Global and Regional Analysis
North America commands a leading position, bolstered by robust supplement markets, high skincare awareness, and established players. Europe follows with emphasis on regulated, clean-label products amid functional food initiatives.
Asia-Pacific emerges fastest-growing, driven by urbanization in China, India, and South Korea, where beauty trends and fortification programs converge. Latin America and Middle East & Africa show untapped potential through healthcare improvements and rising incomes.
Industry Opportunities and Challenges
Pharmaceutical applications grow for pellagra treatment and lipid management, while cosmeceuticals benefit from niacinamide's anti-aging properties. Challenges include raw material fluctuations and side effect concerns, addressed via microencapsulation innovations.
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The Insight Partners is a one-stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Devices, Technology, Media and Telecommunications, Chemicals and Materials.
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Niacin Prices, Trend & Forecasts | Provided by Procurement Resource
Product Name - Niacin
HS Code - 29362920
Molecular Weight - 123.11 g/mol
Chemical Formula - C6H5NO2 or C5H4NCOOH
Synonyms - 59-67-6, Pyridine-3-carboxylic acid, Nicotinic acid, 3-Carboxypyridine
Currency - US$ (Data can also be provided in local currency)
Supplier Database Availability - Yes
Customization Scope - Our services can be customized as per the requirements of the customer
Post-Sale Analyst Support - 360-degree analyst support after service delivery
Region/Countries for which Data is available
Asia Pacific: China, India, Indonesia, Pakistan,…
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As a result, the market will nearly double to reach…
