Niacin And Niacinamide Market

Niacin and Niacinamide Market: Europe will Continue to Lead Global Niacin and Niacinamide Market in Terms of Revenues: Global Industry Analysis (2012 - 2016) & Opportunity Assessment (2017 - 2026)

Niacin is an organic compound, and considered to be one of the most essential nutrients for humans, as niacin deficiency causes pellagra. Niacinamide, an amide of niacin, is also referred to as nicotinic acid amide or nicotinamide. Niacin and niacinamide are integral components of Vitamin B3, and are often leveraged as supplements interchangeably. These are commonly found in several food products such as meat, fish, beans, eggs, green vegetables, and yeast. Niacin and niacinamide are also sought in various vitamin supplements, particularly in vitamin B-complex supplements.

Food Fortification Guidelines on Including Niacin and Niacinamide in Majority of Food Products to Propel their Market Growth

Niacin and Niacinamide have been approved by the U.S. Food and Drug Administration for treating patients with pellagra. Over the years, niacin has remained well-recognized for treating individuals with high cholesterols, however recent studies have showcased niacin to have adverse side effects when used to treat cholesterol levels. In countries with malnutrition being one of the major concerns, regulatory bodies are setting up guidelines for food fortification including edible oil, salt, milk, wheat flour, and rice. Inclusion of niacin and niacinamide in majority of these food products is one of the aspects of food fortification in these countries, in order to prevent vitamin B3 deficiency.

niacin and niacinamide market

Deficiency of vitamin B3 leads to development of pellagra. Although pellagra is less prevalent in developed regions on the back of food fortification programs, certain countries in Africa such as Ethiopia, Zaire, and Malawi have a slew of reported cases related to pellagra. A health-conscious trend is fostering across the developed regions, with consumer awareness concerning health benefits of various dietary supplements such as niacin and niacinamide witnessing a rise. In addition, utilization if niacin in the cosmetics, particularly in skin care cosmetics, is gaining huge attraction owing to its ability of protecting skin cells from UV rays.

As projected by Future Market Insights (FMI) in its new research analysis, the global market for niacin and niacinamide will ride on a steady CAGR during the forecast period (2017-2026). Global sales of niacin & niacinamide are estimated to garner roughly US$ 1,500 Mn revenues by 2026-end.

Europe to Lead Global Niacin and Niacinamide Market in Terms of Revenues

Europe will continue to lead the global niacin and niacinamide market, in terms of revenues. Rising incidences of downer cow syndrome (DCS) in dairy cattle, and increasing number of cases related to childhood obesity are prime factors expected to influence demand for niacin & niacinamide in the region. Physical inactivity and unhealthy consumption patterns are main reasons for overweight and obesity in young as well as elder population across European countries, which is becoming a major concern for the region’s healthcare sector. Niacin has potential to enhance adiposity, insulin sensitivity, glucose tolerance, and lipid profile, while modulating adiponectin level, thereby complementing obesity management effectively. Physicians in the region are highly recommending intake of vitamin B3 supplements, such as niacinamide, for tackling complications associated with obesity.

In addition, niacin has been closely linked with improving energy metabolism, and increasing glucose content in cows. Government as well as private institutes in the region are taking initiatives in spreading awareness about niacin’s benefits of preventing and treating DCS and improving milk production in cows among dairy producers.

Key Research Findings from FMI’s Report

  • Powder form of niacin and niacinamide will remain sought-after among consumers, with sales projected to account for over two-third revenue share of the market during 2017 to 2026

  • Animal nutrition is anticipated to remain the largest end-use of niacin and niacinamide across the globe during the forecast period

Competition Tracking

Key players profiled by FMI’s report include Lonza Group AG, Koninklijke DSM N.V., Bactolac Pharmaceutical Inc., Merck KGaA, BASF SE, Foodchem International Corporation, Evonik Industries AG, Jubilant Life Sciences Limited, Vertellus Specialties Inc., Fagron NV, Zhejiang NHU Company Ltd., and Brother Enterprises Holding Co., Ltd.

Future Market Insights (FMI) has composed a new insightful report, titled “Niacin and Niacinamide Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2026)”. The report offers forecasts on global niacin and niacinamide market, examining the market in detail, and providing important dynamics influencing the market expansion. In addition to the provision of intelligence on latest trends, inhibiting factors, and driving factors that impact growth of the market, the report comprises analysis on pertinent data concerning multiple market parameters.

Report Structure

The report’s begins with a chapter on executive summary of the global market for niacin and niacinamide. This chapter issues a summation of the global niacin and niacinamide market along with information about important market numbers, which include historical (2012-2016) and forecast (2017-2026) CAGRs. These market numbers provided are associated with the market segments, particularly form and regional segments. With respect to sales expansion and revenues garnered from worldwide sales of niacin and niacinamide, information about profitable regions for the niacin and niacinamide market’s expansion is contained in the report.

A chapter titled overview of the global niacin and niacinamide market trails behind the executive summary, and incorporates definition of “niacin and niacinamide” that succeeds a succinct market introduction. This chapter clearly portrays the wide scope of the global niacin and niacinamide market. The chapters following the overview shed light on key dynamics impacting demand for niacin and niacinamide globally, and inundates key imperative points such as the bottom line of enterprises, global economy, and fiscal stimulus. In some chapters of the report, information on pricing analysis along with the cost structure of global niacin and niacinamide market has been delivered.

Market Taxonomy

Propagating ahead the report propounds forecasts on global market for niacin and niacinamide via a segmentation analysis. Diving the global market for niacin and niacinamide into three key segments viz. end-use, form, and region, the report offers associated market numbers based on revenue comparison, year-on-year growth comparison, and the market share comparison. The global niacin and niacinamide market is characterized geographically into six key segments - Asia-Pacific excluding Japan (APEJ), North America, Middle East & Africa (MEA), Europe, Latin America, and Japan.

Region

Form

End Use

  • North America

  • Powder

  • Human Nutrition

  • Latin America

  • Granular

  • Pharmaceuticals

  • Europe

  • Liquid

  • Animal Nutrition

  • Japan

 

  • Cosmeceuticals

  • APEJ

 

  • Others

  • MEA

 

 

Competition Landscape

A scrupulous study regarding the global niacin and niacinamide market’s competition landscape is submitted in the ending chapter of this report, which incorporates information about prominent industries contributing to the market growth significantly. Occupancy of key market participants has been tracked with an intensity map. With emphasis on profiling the market participants rigorously, the competition landscape chapter offers Insights based on the SWOT analysis, which illuminates strengths, weaknesses, opportunities, & threats related to the specific market participant. Moreover, information on key developments, company overview, key financials, and product overview appertaining to market players is included in this chapter.

Research Methodology

A research methodology, proven and tested, is used by FMI’s analysts for developing the report on the global niacin and niacinamide market. The research methodology adopted has helped the analysts in providing accurate insights pertaining to the niacin and niacinamide market. This research methodology depends entirely on the primary & secondary researches, for gaining necessary information associate with the global niacin and niacinamide market. The information compiled is then validated several times by the analysts to ensure the authenticity of the report, and for transmuting it into an authoritative reference for the report readers.