This site uses cookies, including third-party cookies, that help us to provide and improve our services.

Privacy Policy
- Global Locations -
Headquarters
Future Market Insights, Inc.
Christiana Corporate, 200 Continental Drive, Suite 401, Newark, Delaware - 19713, United States
T: +1-845-579-5705
MEA
Market Access DMCC
1602-6 Jumeirah Bay X2 Tower, Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
Americas
Future Market Insights
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
United States
T: +1-347-918-3531
Europe
Future Market Insights
3rd Floor, 207 Regent Street,
London W1B 3HH
United Kingdom
T: + 44 (0) 20 8123 9659
D: +44 (0) 20 3287 4268
APAC
Future Market Insights
Office No. 401-A, 4th Floor,
VANTAGE 9, S.No. 36/1/1,
Baner, Pune 411045 India

Nicotinic Acid Market

Nicotinic Acid Market By form (Liquid, Power), grade (Food Grade, Feed Grade, Pharmaceutical Grade, Cosmetic Grade), End-use (Food and Beverage, Dietary Supplements and Functional Foods, Pharmaceutical Industry, Cosmetic and Personal Care and Animal Nutrition) & Region - Forecast 2022-2032

Market Insights on Nicotinic Acid covering sales outlook, demand forecast & up-to-date key trends

Nicotinic Acid Market Overview

The nicotinic acid market is likely to record a strong CAGR during the forecast period.

Nicotinic acid, which is also known as Vitamin B3 or niacin, is a colourless, water-soluble derivative of pyridine. It can be extracted from natural foods such as peanuts, avocado, green peas, potatoes, mushrooms, whole grain, poultry and fish.

The benefits of nicotinic acids are driving the sales of nicotinic acid. These include protecting the skin from sun damage, boosting brain function, decreasing bad cholesterol and lowering triglycerides. It's used in pharmaceutical, cosmetic, animal nutrition, food and dietary supplements. The driving force behind the increased demand for nicotinic acid is its health benefits, as it helps in curing cardiovascular diseases as well as chronic diseases like type 1 Diabetes.

Covid-19 and its impact on the market have destroyed the marketing chain, supply chain and distribution channels. To recover from the damage and increase the sales of nicotinic acid, governments and companies are working together, running awareness programs and initiating R&D projects. This is likely to increase the sales of nicotinic acid in the forecast period.

Customize this Report

Let us know your requirement to get
100% FREE customization

What are the Key Drivers and Restraints to the Nicotinic Acid Market?

The increasing prevalence of cardiovascular diseases is estimated to serve as one of the major drivers for the nicotinic acid market.

According to the World Health Organization, in 2017, cardiovascular diseases were the number one cause of death all across the world. In 2017, around 31% of global deaths were due to cardiovascular diseases.

The increase in the occurrence of cardiovascular diseases has increased awareness among consumers. Consumers are taking appropriate measures to maintain a healthy lifestyle. This again drives the sales of nicotinic acid as it helps them prevent heart diseases and lower their cholesterol levels.

Thus, the demand for cholesterol-reducing ingredients is anticipated to increase in the food and dietary supplement industry. Thus, nicotinic acid serves as a suitable option as it helps to reduce bad cholesterol, which further reduces the risk of cardiovascular diseases.

Also, nicotinic acid is available in liquid as well as powder form, which makes it easy for the manufacturers to develop healthy products according to their requirements, driving the demand for nicotinic acid in various industries.

The increase in health awareness among consumers is anticipated to have a positive impact on the nicotinic acid market. Consumers are adopting new habits to improve their health. The demand for dietary supplements is increasing among consumers. The consumer prefers the consumption of dietary supplements to fulfil the daily nutritional requirements of the body.

Nicotinic acid offers many beneficial properties such as might prevent help to treat Type 1 Diabetes, increasing HDL levels, treating pellagra, etc. The demand for vitamin supplements is increasing.

According to the NIH Office of Dietary Supplements (ODS), multivitamin/mineral supplements accounted for almost one-sixth of the total dietary supplement purchased, while vitamin and mineral containing supplements accounted for around 40% of the total dietary supplement sales. Thus, the rising demand for dietary supplements is expected to propel the demand for nicotinic acid.

Nandini Roy Choudhury
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst

Which Region holds the Highest Growth Potential in the Nicotinic Acid Market?

The increase in health and fitness trends in the Asia Pacific region is estimated to boost the sales of nicotinic acid. The impact of western culture, increase in disposable income, hectic lifestyle, and high youth population are some of the drivers of the increase in the demand for nicotinic acid.

The high youth population and their inclination towards the gym and other fitness activities enhance the requirements of vitamins and proteins. Thus, the manufacturers of the dietary supplement industry are anticipated to develop dietary supplements which contain multivitamins and other essential nutrients that are required by the youth population. Therefore, the demand for nicotinic acid is anticipated to increase in the Asia Pacific region.

How is the Competitive Landscape in Nicotinic Acid Market?

The competitive landscape of nicotinic acid market is dynamic in nature as competitors form their strategies focusing on enhanced balancing levels, effectiveness and quality.

Key players holding substantial nicotinic acid market share include Koninklijke DSM N.V, Jubiliant Life Science Ingredients, Lonza Group AG, Aarti Drugs Ltd, Vertellus, Lasons India Pvt. Ltd, Resonance Specialties Limited, Brother Enterprises Holding Co. Ltd and Triveni Chemicals.

Recent Market Development:

  • Lonza Group AG and its pharmaceutical and biotech department celebrates 20 years of their South Korean nicotinic acid production facility that has been through several FDA approvals.
  • Lasons India Pvt. Ltd has introduced its program for exporting Vitamin b3 or nicotinic acid to more than 100 countries including China. This will drive the sales of nicotinic acid into new markets.
Become a MarketNgage Insider

An unified Market Research Subscription Platform, built for today’s disparate research needs.

Scope Of Report

Report Attribute

Details

Base year for estimation

2021

Historical data

2015 - 2020

Forecast period

2022 - 2032

Quantitative units

Revenue in USD billion, volume in kilotons, and CAGR from 2022 to 2032

Report coverage

Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis,

Segments covered

Form, Grade, End-User

Regional scope

North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia and New Zealand

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; UAE; Iran; South Africa

Key companies profiled

Koninklijke DSM N.V, Jubilant Life Science Ingredients, Lonza Group AG, Aarti Drugs Ltd., Vertellus, Lasons India Pvt ltd, Resonance Specialities Limited, Brother Enterprises Holding Co Ltd and Triveni Chemicals

Customization scope

Free report customization (equivalent to up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

Avail customized purchase options to meet your exact research needs.

Frequently Asked Questions

Food and Beverage is the biggest segment in the nicotinic acid market and is expected to hold a big portion of the market in the forecast period. This leads to the high demand for nicotinic Acid.

Key players holding substantial nicotinic acid market share includes Koninklijke DSM N.V, Jubiliant Life Science Ingredients, Lonza Group AG, Aarti Drugs Ltd, Vertellus, Lasons India Pvt. Ltd, Resonance Specialities Limited, Brother Enterprises Holding Co. Ltd and Triveni Chemicals.

Demand for nicotinic acid is likely to rise as awareness about nicotinic acid products and their use in FMCG industries is rising. These factors are going to increase the sales of nicotinic Acid.

Table of Content

NA

Customize this Report

Let us know your requirement to get
100% FREE customization

List of Tables

NA

Nandini Roy Choudhury
Principal Consultant
LinkedIn
Talk to Analyst

Find your sweet spots for generating winning opportunities in this market.

Talk to Analyst
List of Charts

NA

Need specific information?

Request Customization

Explore Food and Beverage Insights

View Reports
Google translate