Niacin also referred to as vitamin B3, is an essential human nutrient. Niacin plays an important role in lowering cholesterol levels in human body which further lowers the risks of cardiovascular diseases. Studies have proved that niacin can boost the level of good HDL cholesterol and reduce the levels of triglycerides. Niacinamide is other form of vitamin B3 which is consumed to treat conditions like diabetes, oral cancer, acne, osteoarthritis, and other conditions. Niacin and niacinamide can together treat pellagra.
MARKET DYNAMICS
The niacin and niacinamide market is anticipated to grow in the forecast, owing to the factors such as increasing prevalence of chronic diseases like diabetes, cancer and others acne, acne and increasing incidences of childhood obesity. Furthermore, increasing government's initiatives for spreading awareness about benefits offered by niacin and niacinamide is likely to pose growth opportunities for the niacin and niacinamide market to grow.
MARKET SCOPE
The "Global Niacin and niacinamide market Analysis to 2028" is a specialized and in-depth study of the pharmaceuticals industry with a special focus on the global market trend analysis. The report aims to provide an overview of niacin and niacinamide market with detailed market segmentation by form and end user and geography. The global niacin and niacinamide market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading niacin and niacinamide market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global niacin and niacinamide market is segmented on the basis of form and end user. Based on form, the market is segmented into granular, powder and liquid. Based on end user the market is segmented into pharmaceuticals, cosmeceuticals, human nutrition, animal nutrition and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global niacin and niacinamide market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The niacin and niacinamide market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting niacin and niacinamide market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the niacin and niacinamide market in these regions.
MARKET PLAYERS
The reports cover key developments in the niacin and niacinamide market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market payers from niacin and niacinamide market are anticipated to lucrative growth opportunities in the future with the rising demand for niacin and niacinamide market in the global market. Below mentioned is the list of few companies engaged in the niacin and niacinamide market.
The report also includes the profiles of niacin and niacinamide market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Merck KGaA
- Lonza Group AG
- DSM
- Evonik Industries
- Zhejiang NHU Co Ltd
- Vertellus Specialties UK
- Jubilant Life Sciences
- Fagron
- Brother Enterprises
- Bactolac Pharmaceutical Inc