According to the report published by Allied Market Research, The Niacinamide Market was valued at USD 546.08 million in 2021, and is expected to reach USD 832.4 million by 2031 growing at a CAGR of 4.3% from 2022 to 2031.
The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
Rising number of this skin-related diseases made the researchers turn their focus toward niacinamide products, thus driving the growth of the global niacinamide market.
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Top Key Players Of Niacinamide Market Report–
- Evonik Industries AG
- Fagron Inc
- Jubilant Life Sciences Limited
- Koninklijke DSM N.V
- Brother Enterprises Holding Co., Ltd
- Vertellus, Lasons India Pvt Ltd
- Lonza Group
- Merck KGAA
- Foodchem International Corporation
- Veer Chemie.
Global Niacinamide Market Segmentation: –
Based on type, the liquid segment contributed to nearly half of the global niacinamide market revenue in 2021, and is expected to dominate by 2031.
Based on application, the cosmeceutical segment garnered nearly three-fifths of the total market revenue in 2021, and is expected to dominate by 2031.
Based on distribution channel, the drug stores and retail pharmacies segment contributed to more than half of the global dicing tapes market revenue in 2021, and is expected to dominate by 2031.
Based on region, the global niacinamide market across North America generated nearly two-fifths of the total market revenue in 2021, and is anticipated to retain the lion’s share by 2031. The Asia-Pacific region, on the other hand, would manifest the fastest CAGR of 6.1% during the forecast period. The other provinces analyzed in the report include LAMEA and Europe.
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By Region Outlook
- North America
(U.S., Canada, Mexico)
(Germany, France, UK, Italy, Spain, Rest of Europe)
(Japan, China, India, Rest of Asia-Pacific)
(Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
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