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Niacin (Vitamin B3) Market Revenue, Status and Outlook 2019 to 2025

January 31st, 2019 QY Research, Inc Releases

Global Niacin (Vitamin B3) market report is first of its kind research report that covers the overview, summary, market dynamics, competitive analysis, and leading player’s various strategies to sustain in the global market. The Niacin (Vitamin B3) report covers the five top regions of the globe and countries within, which shows the status of regional development, consisting of market value, volume, size, and price data.  Apart from this, the Niacin (Vitamin B3) report also covers detail information about various clients which is the most significant element for the manufacturers.

Niacin, also known as nicotinic acid, is an organic compound and is, depending on the definition used, one of the 20 to 80 essential human nutrients. Together with nicotinamide, it makes up the group known as vitamin B3 complex. It has the formula C6H5NO2 and belongs to the group of the pyridine carboxylic acids.

In 2017, the global Niacin market is led by China, capturing about 46.69% of global Niacin production. India is the second-largest region-wise market with 22.66% global production share.

Lonza is the world leader, holding 46.38% production market share in 2017. Lonza’s main markets are China and Europe. Vertellus is the only producer in the United States. At present, Vertellus Europe’s production capacity has been transferred to China. In 2014, Lonza built a new 15,000 production line in China. At the same time, Lonza shut down the oldest production line (5000-ton production line in 1995) due to environmental stress.

Get PDF report template at https://www.qyresearch.com/sample-form/form/949365/global-niacin-vitamin-b3-market

China was the largest consumption market for Niacin, with volume exceeding 23186 MT in 2017. In addition, Asia Pacific is also expected to witness the fastest growth.

In application, Niacin downstream is wide and recently Niacin has acquired increasing significance in various fields of Feed Additives, Pharmaceuticals and Cosmetics, and Food and Beverage. Globally, the Niacin market is mainly driven by growing demand for Feed Additives which accounts for nearly 77.65% of total downstream consumption of Niacin in global. In type, Niacin can be divided into feed grade and Pharmaceutical Grade. Feed grade is the largest type, holding about 93.29% share.

The global Niacin (Vitamin B3) market is valued at xx million US$ in 2018 is expected to reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025.

The following manufacturers are covered:

Lonza

Jubilant Life Sciences

Vertellus

Brother Enterprises

Zhejiang Lanbo Biotechnology

Lasons India

Vanetta

DSM

Tianjin Zhongrui Pharmaceutical

Resonance Specialties

Segment by Regions

North America

Europe

China

Japan

Segment by Type

Pharmaceutical Grade

Feed Grade

Segment by Application

Feed Additives

Food and Drinks Industry

Pharmaceutical Industry

Daily Chemicals

Get Complete Report in your Inbox within 24 hours  at https://www.qyresearch.com/index/detail/949365/global-niacin-vitamin-b3-market

About Us:

QYResearch always pursuits high product quality with the belief that quality is the soul of business. Through years of effort and supports from the huge number of customer supports, QYResearch consulting group has accumulated creative design methods on many high-quality markets investigation and research team with rich experience. Today, QYResearch has become the brand of quality assurance in the consulting industry.

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