Global Niacin (Vitamin B3) Market Insights, Forecast to 2025
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 pyridinecarboxylic 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.
China was the largest consumption market for Niacin, with volume exceeding 23186 MT in 2017. In addition, Asia Pacific is also expected to witness 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 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Niacin (Vitamin B3) market based on company, product type, end user and key regions.
This report studies the global market size of Niacin (Vitamin B3) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Niacin (Vitamin B3) in these regions.
This research report categorizes the global Niacin (Vitamin B3) market by top players/brands, region, type and end user. This report also studies the global Niacin (Vitamin B3) market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Lonza
Jubilant Life Sciences
Vertellus
Brother Enterprises
Zhejiang Lanbo Biotechnology
Lasons India
Vanetta
DSM
Tianjin Zhongrui Pharmaceutical
Resonance Specialties
Market size by Product
Pharmaceutical Grade
Feed Grade
Market size by End User
Feed Additives
Food and Drinks Industry
Pharmaceutical Industry
Daily Chemicals
Market size by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
The study objectives of this report are:
To study and analyze the global Niacin (Vitamin B3) market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Niacin (Vitamin B3) market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Niacin (Vitamin B3) companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Niacin (Vitamin B3) submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Niacin (Vitamin B3) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Niacin (Vitamin B3) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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.
China was the largest consumption market for Niacin, with volume exceeding 23186 MT in 2017. In addition, Asia Pacific is also expected to witness 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 and will reach xx million US$ by the end of 2025, growing at a CAGR of xx% during 2019-2025. The objectives of this study are to define, segment, and project the size of the Niacin (Vitamin B3) market based on company, product type, end user and key regions.
This report studies the global market size of Niacin (Vitamin B3) in key regions like North America, Europe, Asia Pacific, Central & South America and Middle East & Africa, focuses on the consumption of Niacin (Vitamin B3) in these regions.
This research report categorizes the global Niacin (Vitamin B3) market by top players/brands, region, type and end user. This report also studies the global Niacin (Vitamin B3) market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors.
The following manufacturers are covered in this report, with sales, revenue, market share for each company:
Lonza
Jubilant Life Sciences
Vertellus
Brother Enterprises
Zhejiang Lanbo Biotechnology
Lasons India
Vanetta
DSM
Tianjin Zhongrui Pharmaceutical
Resonance Specialties
Market size by Product
Pharmaceutical Grade
Feed Grade
Market size by End User
Feed Additives
Food and Drinks Industry
Pharmaceutical Industry
Daily Chemicals
Market size by Region
North America
United States
Canada
Mexico
Asia-Pacific
China
India
Japan
South Korea
Australia
Indonesia
Singapore
Malaysia
Philippines
Thailand
Vietnam
Europe
Germany
France
UK
Italy
Spain
Russia
Central & South America
Brazil
Rest of Central & South America
Middle East & Africa
GCC Countries
Turkey
Egypt
South Africa
The study objectives of this report are:
To study and analyze the global Niacin (Vitamin B3) market size (value & volume) by company, key regions, products and end user, breakdown data from 2014 to 2018, and forecast to 2025.
To understand the structure of Niacin (Vitamin B3) market by identifying its various subsegments.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
Focuses on the key global Niacin (Vitamin B3) companies, to define, describe and analyze the sales volume, value, market share, market competition landscape and recent development.
To project the value and sales volume of Niacin (Vitamin B3) submarkets, with respect to key regions.
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
In this study, the years considered to estimate the market size of Niacin (Vitamin B3) are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
This report includes the estimation of market size for value (million US$) and volume (K MT). Both top-down and bottom-up approaches have been used to estimate and validate the market size of Niacin (Vitamin B3) market, to estimate the size of various other dependent submarkets in the overall market. Key players in the market have been identified through secondary research, and their market shares have been determined through primary and secondary research. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified primary sources.
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
Frequently Asked Questions
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