2021-2027 Vitamin B3 Market Size, Share | Global industrial research on growth, opportunities, trends, impact of Covid-19, the main key players are Lonza Group AG, DSM, Vanetta, Lasons India, Vertellus
The latest research report on Vitamin B3 Market provides a comprehensive study on current market trends. The result also includes revenue forecasts, statistics, market assessments that illustrate its growth trends and competitive landscape, as well as key players in the business.
Vitamin B3 Market Size
The global vitamin B3 market is valued at approximately USD 315.2 million in 2020 and is expected to reach USD 379.8 million by 2027 with a CAGR of 2.7% over the forecast period.
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Scope of the Global Vitamin B3 Market Report:
Vitamin B3 is a fundamental micronutrient commercially available in regular and synthetic structures; it is used in food, consumption, pharmaceutical agrochemicals and various applications for development or enrichment purposes, to improve the nutritional value of final products. Vitamin B3, otherwise known as nicotinic acid, refers to a naturally occurring compound and is considered one of the 20 to 80 basic human nutrients. In combination with nicotinamide, it forms the group of nutrient complexes B3. It includes C6H5NO2 and is classified under pyridine carboxylic acids. It is available in many varieties of processed foods with a higher content of fish, salmon, sustainable packaged foods and in specific vegetables. Vitamin B3 supplements are exceptionally valuable for people with high cholesterol and niacin or vitamin B3 deficiency. The nutrient is essential for the body and its deficiency can affect skin and mouth damage, nausea, weakness, migraines, and drowsiness. It is necessary for the proper functioning of the body because it has various medical benefits, such as the actual functioning of the nervous system, improved skin health, the production of red platelets and cellular energy. Vitamin B3 in dairy steers has different beneficial effects, for example, preventing metabolic problems, working on the digestive system for better body condition.
During the COVID-19 pandemic, people’s health awareness has essentially increased, resulting in an increased demand for items that enhance immunity. A few vitamin B3 supplements with immune properties are available on the market and have been in huge demand after the arrival of the new COVID-19 to reduce the risk of contamination. The demand for vitamin B3 preparation in the milk and dairy industry is currently expanding. However, lockdowns and the increase in COVID-19 cases have had an impact on the supply chain network. The disruption of the supply chain network has further resulted in delays in the food supply.
The global vitamin B3 market is segmented on the basis of type, source, form and application and region and country level. On the basis of type, vitamin B3 market is classified into food grade and nutritional grade. Based on the source, the vitamin B3 market is classified as natural and synthetic. On the basis of form, the vitamin B3 market is divided into dry and liquid. Based on the application, the vitamin B3 market is categorized into nutrition, consumption and agrochemical, pharmaceutical and other.
Global Segmentation of Vitamin B3 Market:
- Food grade
- Nutritional quality
The regions covered by the Global Vitamin B3 Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the global vitamin B3 market is divided into United States, Mexico, Canada, United Kingdom, France, Germany, Italy, China, Japan, India, Southeast Asia, GCC, Africa, etc.
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Vitamin B3 companies
Some of the major key players in the Global Vitamin B3 Market report are covering top players like
- Lonza Group SA
- Jubilant Life Sciences Ltd.
- Shandong Hongda Biotechnology Co., Ltd
- Lasons India
- Zhejiang Lanbo Biotechnology
- Tianjin Zhongrui Pharmaceuticals
- Jiangsu Brother Vitamin Co. Ltd
- Gehring Montgomery, Inc.
- The Chemical Co., Ltd
- Zhejiang Chemvplus Biotech Co., Ltd
- The Western Drugs Ltd.
- Spectrum Chemical Mfg. Corp and Glanbia plc
- Ishita Drugs & Industries Ltd.
- Foodchem, NutraScience Labs
- Yuki Gosei Kogyo Co., and others.
Vitamin B3 Latest News
Cellular MD: Bio-Advanced Skin Care Line Launched Nutritional Supplements
May 24e, 2021; Dr. Ronald Moy and Erin’s father-daughter introduced Cellular MD’s Sol and Nox supplements. Sol and Nox supplements focus on enhancing the body’s natural healing and recovery patterns during the day and night using the perfect measurements of vitamin B3 (niacinamide). Sol Supplements provide a kick start to help the body’s natural cortisol release and repair instruments during the day with its serving of vitamin B3 and provide additional sun protection with Polypodium Leuctomos extract. Vitamin B3 in Nox supplements is supported by natural tranquilizers, such as valerian root, lemon balm extract, and a limited amount of melatonin to help support the body’s circadian rhythm circumstances.
Growing demand for functional and nutritionally fortified processed food products and increasing number of product offerings are some of the major factors driving the growth of the market
One of the major drivers for the growth of the global vitamin B3 market is the increasing demand for functional and nutritionally fortified processed food products. Cruel processing conditions result in a loss of nutrients like vitamin B3 that are normally present in food sources, causing food manufacturers to maintain their food to restore these losses. Foods such as dairy drinks, baked goods, and flour are gradually fortified with various types of B nutrients to improve their dietary values. With the growing health awareness and the emphasis on preventative medical care, consumers are more inclined to choose braced food varieties and nutritionally improved foods. In addition, another major factor in the growth of the global vitamin B3 market is the proliferation of initiatives by manufacturers to improve the applications of niacin and vitamin B3. In addition, an increasing number of product offerings complements the market growth as well. Vitamin B3 has a wide range of medicinal applications, mainly due to the development of people’s health awareness regarding preventive medical services. Vitamin B3 appears to enhance fertility in dairy cows and may increase milk production at the onset of lactation.
However, growing concerns about side effects associated with vitamin B3 could hamper the growth of the global vitamin B3 market. Despite this, the increasing demand for nutritional supplements may provide more opportunities for the continued growth of the global vitamin B3 market during the forecast period.
By regional analysis and by country: (North America, United States, Canada, Europe, United Kingdom, France, Germany, Italy, Asia-Pacific, China, Japan, India, Southeast Asia, Latin America, Brazil, Mexico, Middle East and Africa, CCG, Africa, Rest of Middle East and Africa)
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Key Benefits of the Global Vitamin B3 Market Report:
- The global Vitamin B3 market report covers in-depth historical and forecast analysis.
- The global Vitamin B3 market research report provides detailed information regarding the market introduction, market summary, global market revenue (revenue in USD), market drivers, market restraints, market opportunities, competitive analysis, regional and national levels.
- The global Vitamin B3 market report helps in identifying opportunities in the market.
- Global Vitamin B3 Market covers in-depth analysis of emerging trends and competitive landscape.
1. Chapter – Methodology of the report
1.1. Research process
1.2. Primary research
1.3. Secondary research
1.4. Market size estimates
1.5. Data triangulation
1.6. Forecast model
1.7. USP report
1.8. Description of the report
2. Chapter – Global Vitamin B3 Market Overview: Qualitative Analysis
2.1. Market overview
2.3. Global Vitamin B3 Market Classification
2.4. Market factors
2.5. Market constraints
2.6. Market opportunity
2.7. Vitamin B3 market: trends
2.8. Porter’s Five Forces Analysis
2.9. Market attractiveness analysis
3.Chapter – Global Vitamin B3 Market Overview: Quantitative Analysis
4.Chapter – Global Vitamin B3 Market Analysis: Segmentation by Type
5.Chapter – Global Vitamin B3 Market Analysis: Segmentation by Application
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