Image

Global Niacinamide Market – Industry Trends and Forecast to 2029

  • Healthcare
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60
  • Healthcare
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Niacinamide Market, By Form (Powder, Granular, Liquid), End-Use (Human Nutrition, Pharmaceuticals, Animal Nutrition, Cosmeceuticals, Others)– Industry Trends and Forecast to 2029

Niacinamide Market

Market Analysis and Size

Niacinamide, commonly known as nicotinamide, is a type of vitamin B3 that is necessary for good health. Skin, renal, and brain issues can all be caused by a B3 deficiency. B3 deficiency can be avoided by taking niacinamide. Niacin, commonly known as nicotinic acid, is an organic chemical that is one of the 20 to 80 important human nutrients, depending on the criteria employed. It is part of the niacin complex, which also includes nicotinamide. It belongs to the pyridine carboxylic acids group and has the formula C6H5NO2.

Data Bridge Market Research analyses that the niacinamide market which was USD 695.86 million in 2021, would rocket up to USD 934.17 million by 2029, and is expected to undergo a CAGR of 3.75% during the forecast period 2022 to 2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Form (Powder, Granular, Liquid), End Use (Human Nutrition, Pharmaceuticals, Animal Nutrition, Cosmeceuticals, Others)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Lonza (Switzerland), DSM (Netherlands), Bactolac Pharmaceutical, Inc. (U.S), Merck KGaA (Germany), BASF SE (Germany), Foodchem International Corporation (China), Evonik Industries AG (Germany), Jubilant Life Sciences Limited (India), Vertellus (U.K), Fagron (U.S), NHU Zhejiang (China), Brother Enterprises Holding Co.,Ltd (China), Lasons (India), Zhejiang Lanbo Biotechnology Co.,Ltd (China), Tianjin Zhongrui Pharmaceutical (China)

Market Opportunities

  • Rising demand for cosmeceuticals to treat skin disorders and conditions
  • Development of robust anti-aging treatments and prevention of vitamin B3 deficiency

Market Definition

Niacinamide is an active form of vitamin B that is required for coenzymes like nictotinamide Adenine Dinucleotide (NAD), NADH, NADP, and NADPH to function. It acts as a powerful conditioning ingredient in skin and hair care products, providing multi-purpose advantages in skin care. Niacinamide also improves the structural integrity of the skin barrier and aids skin homeostasis by boosting lipid component synthesis. Niacinamide has a wrinkle-smoothing impact on ageing skin, prevents photocarcinogenesis, and improves pigmentation problems, which has led to an increase in its use in personal care and cosmeceuticals.

Niacinamide Market Dynamics

Drivers

  • Rising usages in skin care cosmetics

Increasing demand for the product as a result of its health benefits, such as maintaining cholesterol levels and vitamin B3 levels in the body, rising usages in skin care cosmetics, rising awareness among people about the consumption of healthy food supplements, and improving energy metabolism, will likely accelerate the growth of the niacinamide market during the forecast period of 2022-2029. On the other hand, the expansion of the cosmetics and healthcare industries will create more chances for the niacinamide market to expand over the forecast period.

  • Research and development activities

Niacinamide has a wrinkle-smoothing impact on ageing skin, prevents photocarcinogenesis, and improves pigmentation problems, which has led to an increase in its use in personal care and cosmeceuticals. Extensive research and development activities have been carried out in recent years to investigate the potential of niacinamide in the treatment and prevention of non-melanoma malignancies, which is projected to drive revenue growth in this market in the future.

  • Usage of Niacinamide

Niacinamide is largely involved in cellular energy consumption, DNA repair, and transcription process efficiency modulation. Its anti-inflammatory and sebostatic properties – which reduce free radical levels in the body and sebum secretion on the face – make it popular in anti-acne, skin whitening, and skin rejuvenation treatments. Furthermore, increasing niacinamide supplementation in animal feed to avoid vitamin B3 deficiency and associated disorders in livestock is likely to boost market growth.

Opportunities

Due to increased demand for cosmeceuticals to treat skin problems and ailments, development of robust anti-aging treatments, and prevention of vitamin B3 deficiency, the pharmaceutical grade niacinamide sector is predicted to account for the biggest revenue share over the forecast period. The rising usage of granular niacinamide in the production of vitamin B3 nutritional supplements such as tablets and hard shell capsules, animal feed fortification, and cosmetics is likely to drive revenue growth in the granular sector throughout the forecast period.

Restraints/Challenges

However, minor adverse effects associated with niacinamide, including as nausea, vomiting, rashes, burning and irritation of the skin, and allergic reactions, may limit adoption of products containing this vitamin among some people, which could stifle market growth in the future.

This niacinamide market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the niacinamide market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Covid-19 impact on Niacinamide Market

Since the breakout of Covid-19 in January 2020, the global cosmetics market has seen a slowing in its growth rate. As a result of the worldwide lockdown, cosmetic businesses were forced to shut down their production units due to a labour shortage. In addition, the COVID-19 pandemic forced the closure of a number of cosmetic stores.

Global Niacinamide Market Scope

The niacinamide market is segmented on the basis of product type, application and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

????

  • ??wd?r
  • Gr?nul?r
  • L?qu?d

???l???t??n

  • ?um?n Nutr?t??n
  • ?h?rm???ut???l?
  • ?n?m?l Nutr?t??n
  • ???m???ut???l?
  • ?th?r?

The niacinamide market is analysed and market size insights and trends are provided by country, product type, application and end-user as referenced above.

The countries covered in the niacinamide market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the niacinamide market due to the rising number of geriatric population along with adoption of innovative medical technology.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2022 to 2029 due to the rising health awareness among the people and growing demand of advanced medical technology.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.

Competitive Landscape and Niacinamide Market Share Analysis

The niacinamide market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to niacinamide market.

Some of the major players operating in the niacinamide market are:

  • Lonza (Switzerland)
  • DSM (Netherlands)
  • Bactolac Pharmaceutical, Inc. (U.S)
  • Merck KGaA (Germany)
  • BASF SE (Germany)
  • Foodchem International Corporation (China)
  • Evonik Industries AG (Germany)
  • Jubilant Life Sciences Limited (India)
  • Vertellus (U.K)
  • Fagron (U.S)
  • NHU Zhejiang (China)
  • Brother Enterprises Holding Co.,Ltd (China)
  • Lasons (India)
  • Zhejiang Lanbo Biotechnology Co.Ltd (China)
  • Tianjin Zhongrui Pharmaceutical (China)


SKU-

Why Choose Us


Frequently Asked Questions

The niacinamide market value is expected USD 934.17 million by 2029.
The Niacinamide Market is to grow at a CAGR of 3.75% during the forecast by 2029.
The major players operating in the Niacinamide Market are Lonza (Switzerland), DSM (Netherlands), Bactolac Pharmaceutical, Inc. (U.S), Merck KGaA (Germany), BASF SE (Germany), Foodchem International Corporation (China), Evonik Industries AG (Germany), Jubilant Life Sciences Limited (India), Vertellus (U.K), Fagron (U.S), NHU Zhejiang (China), Brother Enterprises Holding Co.,Ltd (China), Lasons (India), Zhejiang Lanbo Biotechnology Co.,Ltd (China), Tianjin Zhongrui Pharmaceutical (China).
The major countries covered in the Niacinamide Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.