Niacin is consumed in the form of vitamin B3 and its deficiency causes pellagra in human beings. Niacinamide which also known as Nicotinic acid amide is used with niacin as essential supplement. Both the nutrients are found in many food products of daily consumption like meat, fish, beans and green vegetable. Production of niacin and Niacinamide can be in several forms like powder, liquid and granular. These chemicals also cater various end-uses such as human nutrition, animal nutrition, cosmeceuticals and pharmaceuticals.
Latest Fact.MR report analyzes the growth of global Niacin and Niacinamide market and anticipates its growth rate to be around 5% CAGR for the forecast period 2019-2027. Multiple factors like increased healthcare expenditure, growing inclination towards healthy eating, increase in consumption of cosmeceutical products and advantages of niacin and Niacinamide propel global niacin and Niacinamide market.
In this niacin and niacinamide market study, the following years are considered to project the market footprint:
- Estimated Year: 2027
- Forecast Year: 2019 – 2027
After reading the niacin and niacinamide market report, readers can:
- Understand the drivers, restraints, opportunities and trends affecting the growth of the global niacin and niacinamide market.
- Analyze key regions holding significant share of the total niacin and niacinamide market revenue.
- Study the growth outlook of the global niacin and niacinamide market scenario, including production, consumption, history and forecast.
- Learn consumption pattern and impact of each end use on the niacin and niacinamide market growth.
- Investigate the recent R&D projects performed by each niacin and niacinamide market player.
The niacin and niacinamide market report covers the following regions:
- MEA (Turkey, South Africa)
- APEJ (China, India)
- Europe (Nordics, Eastern Europe)
- North America (U.S., Canada)
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On the basis of form, the niacin and niacinamide market report considers the following segments:
On the basis of end-use, the niacin and niacinamide market report includes:
- Human Nutrition
- Animal Nutrition
Prominent niacin and niacinamide market players covered in the report contain:
- Zhejiang NHU Company Ltd.
- Vertellus Specialties Inc.
- Merck KGaA
- Lonza Group AG
- Koninklijke DSM N.V.
- Jubilant Life Sciences Limited
- Foodchem International Corporation
- Fagron NV
- Evonik Industries AG
- Brother Enterprises Holding Co., Ltd.
- BASF SE
- Bactolac Pharmaceutical Inc.
The behavior pattern of each player – new product launches, partnerships, and acquisitions – has been analyzed in the niacin and niacinamide market report comprehensively. In addition, the research encompasses the strengths, weaknesses, opportunities and threats of each niacin and niacinamide market vendor in an in-depth manner.
The niacin and niacinamide market report answers important questions which include:
- What does the status of the niacin and niacinamide market look like after the forecast period?
- Which region has the highest contribution to the global niacin and niacinamide market and why?
- Which players remain at the top of the global niacin and niacinamide market?
- What opportunities are available for the niacin and niacinamide market players to expand their production footprint?
- Which segment has the maximum impact on the global niacin and niacinamide market?
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