Niacin Market

The global Niacin (Vitamin B3) market was valued at 621.39 Million USD in 2021 and will grow with a CAGR of 1.76% from 2021 to 2027, based on Research newly published report.

The prime objective of Niacin Market is to provide the insights on the post COVID-19 impact wwhich will help market players in this field evaluate their business approaches. Also, Niacin Market covers market segmentation by major market verdors, types, applications/end users and geography(North America, East Asia, Europe, South Asia, Southeast Asia, Middle East, Africa, Oceania, South America).

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 known as vitamin B3 complex. It has the formula C6H5NO2 and belongs to the of the pyridinecarboxylic acids.In 2017, the global Niacin market is led by China, capturing about 46.69% of global Niacin production. India is the second-largest region-wise market with 22.66% global production share.

By Market Verdors:

• Lonza
• Jubilant Life Sciences
• Vertellus
• Brother Enterprises
• Zhejiang Lanbo Biotechnology
• Lasons India
• Vanetta
• DSM
• Tianjin Zhongrui Pharmaceutical
• Resonance Specialties

By Types:

• Pharmaceutical Grade
• Feed Grade

By Applications:

• Feed Additives
• Food and Drinks Industry
• Pharmaceutical Industry
• Daily Chemicals

Key Indicators Analysed

• Market Players & Competitor Analysis: The report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin 2016-2027 & Sales with a thorough analysis of the market?s competitive landscape and detailed information on vendors and comprehensive details of factors that will challenge the growth of major market vendors.
• Global and Regional Market Analysis: The report includes Global & Regional market status and outlook 2016-2027. Further the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast. With detailed analysis by types and applications.
• Market Trends: Market key trends which include Increased Competition and Continuous Innovations.
• Opportunities and Drivers: Identifying the Growing Demands and New Technology
• Porters Five Force Analysis: The report provides with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.

Key Reasons to Purchase

• To gain insightful analyses of the market and have comprehensive understanding of the global market and its commercial landscape.
• Assess the production processes, major issues, and solutions to mitigate the development risk.
• To understand the most affecting driving and restraining forces in the market and its impact in the global market.
• Learn about the market strategies that are being adopted by leading respective organizations.
• To understand the future outlook and prospects for the market.
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