Niacin and Niacinamide Market size was valued at US$ 938.29 million in 2020 and the Niacin and Niacinamide revenue is expected to grow at 5.8% through 2021 to 2027, reaching nearly US$ 1,392.31 million.
Niacin, also known as vitamin B3, is an essential nutrient in humans. Niacin helps to lower cholesterol levels in the human body, lowering the risk of cardiovascular disease. Niacin has been shown in studies to increase healthy HDL cholesterol levels while decreasing triglyceride levels. Another type of vitamin B3 is niacinamide, which is used to treat diabetes, oral cancer, acne, osteoarthritis, and other conditions.
Introduction of Niacin and Niacinamide market:
Each and every insight presented in the report was published by an expert group of Stellar Market Research, which is derived from primary interviews with top officials from leading companies in the domain concerned. The report’s secondary data research methodology includes deep online and offline research and discussion with expert professionals and analysts in the Niacin and Niacinamide industry. In the report, Niacin and Niacinamide market reports, industry trends have been explained on the macro level, which is expected to help to find an outline market landscape and probable future issues.
Niacin and Niacinamide Market Overview:
The SMR Niacin and Niacinamide Market report examines the upstream, midstream, and downstream industries' historical and projected growth. The market study goes into detail about the overall market size, overall revenue, and market segmentation. The SMR research thoroughly considers a variety of factors, including current market competition, potential growth barriers, and profiles of key manufacturers, as well as production and consumption by relevant areas.
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Niacin and Niacinamide Market Key players:
Brother Enterprises Holding Co., Ltd. (China)
Zhejiang NHU Company Ltd. (China)
Fagron NV (Netherlands)
Vertellus Specialties Inc.( United States )
Jubilant Life Sciences Limited (Noida)
Evonik Industries AG (Germany)
Foodchem International Corporation (China)
BASF SE (Germany)
Merck KGaA (Germany)
Bactolac Pharmaceutical Inc. ( United States )
Koninklijke DSM N.V. (Netherlands)
Lonza Group AG (Switzerland)
Niacin and Niacinamide Market Drivers:
The popularity of niacin and niacinamide benefits for human health is driving the growth of the global niacin and niacinamide market. Many doctors believe that niacin can help prevent the development of metastatic melanoma. Furthermore, proper niacin and niacinamide consumption can aid in the prevention of chronic renal disease. Vitamin B types can help slow the progression of type 1 diabetes. As a result of the aforementioned factors, the global niacin and niacinamide market is expected to grow at a rapid pace during the forecast period.
Niacin and Niacinamide Market Segmentation:
In 2020, the animal nutrition segment dominated the Niacin and Niacinamide Market. The segment's dominance could be attributed in large part to its ability to reduce ketosis in dairy cattle, resulting in increased milk output. According to recent lactation studies, cows given niacin consistently produce more milk with higher fat percentages.
Prime Reasons to purchase a Niacin and Niacinamide Market report:
The goal of the Niacin and Niacinamide market report is to help consumers to gain more information and a clearer understanding of the industry. The Niacin and Niacinamide market growth analysis includes development trends, competitive landscape analysis, investment plan, business strategy, opportunity, and key regions development status for international markets.
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Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business.
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Mar 04, 2023
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