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Niacin, often 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 demonstrated in trials to improve good 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. Pellagra can be treated with a niacin and niacinamide combination. Stellar market research has published a study on the niacin and niacinamide market, providing thorough segment analysis, market size, and forecast estimates by form, application, and region.
Niacin and Niacinamide Market Scope:
This market report covers recent developments, trade regulations, import-export analysis, production analysis, value chain optimisation, market share, the impact of domestic and localised market players, emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, and geographic expansion. For more information on the Niacin and Niacinamide market, please contact Stellar Market Research for an Analyst Brief; our experts will assist you in making an informed market decision to achieve market growth.
Niacin and Niacinamide Market Overview:
The Niacin and Niacinamide Market competitive landscape gathers data from a competitor. A company overview, financials, revenue generated, market potential, investment in R&D, new market initiatives, geographical presence, business strengths and weaknesses, product introduction, product width and breadth, and application domination are all included in the data. The preceding information is only relevant to the firms' focus on the Niacin and Niacinamide market.
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.
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Niacin and Niacinamide Market Segmentation:
During the projected period, the powder segment is expected to hold the greatest market share. Furthermore, powdered Niacin and Niacinamide have a speedier onset of action than other formulations, fueling the segment's expansion. However, because to faster absorption rates and greater dosage flexibility, the liquid segment accounted for the highest market share in 2020 and is predicted to rise at a significant 7.6% CAGR from 2021 to 2027.
By way of example, In 2020, the animal nutrition category led the Niacin and Niacinamide Market. The segment's supremacy could be attributed in large part to its capacity to alleviate ketosis in dairy cattle, resulting in increased milk supply. According to recent lactation research, cows given niacin consistently produce more milk with higher fat percentages. In contrast, the cosmeceuticals application sector held the biggest market share in 2020 and is predicted to grow at a 7.9% CAGR from 2021 to 2027. Niacinamide is increasingly being used in skincare products due to its ability to protect skin cells from UV exposure.
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)
Regional Analysis:
Individual market influencing factors and changes in market regulations that impact current and future market trends are also considered in the regional component of the research. Only a few of the indicators utilized to anticipate the market scenario for various countries include downstream and upstream value chain analysis, technology trends, porter's five forces analysis, and case studies.
COVID-19 Market Impact Analysis:
The study also looks at the influence of COVID-19 on the Niacin and Niacinamide market. The primary goal of this research is to assist the reader in understanding the market in terms of definition, segmentation, market potential, noteworthy trends, and industry issues across ten key regions. The report presents a micro and macroeconomic analysis of COVID-19's overall impact on the Niacin and Niacinamide Market. The detailed research focuses on market share and size, demonstrating clearly the impact that the pandemic has had and will have on the global Health Insurance Market in the next few years.
Key Questions Answered in the Niacin and Niacinamide Market Report are:
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About Stellar Market Research
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. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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