- Niacinamide, a multifunctional skincare ingredient, is increasingly vital in cosmetic and personal care formulations due to its versatility in addressing hyperpigmentation, fine lines, uneven texture, and barrier repair—making it a high-demand component across both mass-market and premium segments
- The escalating demand for niacinamide is primarily fueled by the growing global emphasis on skin health, clean beauty trends, and the desire for minimal yet effective skincare routines. Consumers are seeking dermatologically tested ingredients that provide visible results with low risk of irritation, leading to its widespread inclusion in serums, moisturizers, sunscreens, and masks
- North America dominated the niacinamide market with the largest revenue share of 38.7% in 2024, supported by high disposable incomes, well-established cosmetic brands, robust R&D investment, and strong consumer interest in scientifically proven skincare active ingredients
- Asia‑Pacific is expected to be the fastest-growing region in the niacinamide market during the forecast period, with a projected CAGR of 11.4%, driven by increasing urbanization, rising incomes, and beauty-conscious consumers in countries such as China, South Korea, and India. The popularity of minimalistic skincare routines and K‑beauty innovations are also supporting market growth
- The powder segment dominated the niacinamide market with a market share of 48.7% in 2024, owing to its long shelf life, ease of formulation, and high stability. This form is widely utilized across various end-use industries, including pharmaceuticals, cosmeceuticals, and nutritional supplements, due to its versatility and cost-effectiveness
