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.
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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:
Jubilant Life Sciences
Zhejiang Lanbo Biotechnology
Tianjin Zhongrui Pharmaceutical
Segment by Regions
Segment by Type
Segment by Application
Food and Drinks Industry
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