Niacin and Niacinamide Market Report Overview
Niacin, often known as vitamin B3, is a vital nutrient for humans. Niacin aids in the reduction of cholesterol levels in the human body, minimizing the risk of cardiovascular disease. Niacin has been shown in studies to increase levels of healthy HDL cholesterol and lower levels of triglycerides. Niacinamide is another kind of vitamin B3 that is used to treat diabetes, oral cancer, acne, osteoarthritis, and other ailments. Pellagra can be treated with a combination of niacin and niacinamide. We as Stellar market research have prepared report on the niacin and niacinamide market, provided the detailed segment analysis and market size along with forecast values on the basis of form, application and region.
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Niacin and Niacinamide Market Report Scope and Research Methodology
The growth of the worldwide niacin and niacinamide market mostly rests on the popularity of its advantages for human health. A lot of medical specialists believe that niacin can help prevent metastatic melanoma from developing. Additionally, proper niacin and niacinamide ingestion can help to avoid chronic renal disease. Types of vitamin B are beneficial in slowing the progression of type 1 diabetes. The worldwide niacin and niacinamide market is expected to grow at a rapid rate in the forecast period as a result of the aforementioned causes.
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Niacin and Niacinamide Market Regional Insights
In 2020, Europe dominated the Niacin and Niacinamide Market, with a 39.6% share, followed by North America and APAC. The growth of the Niacin and Niacinamide Market in this area is being fuelled by rising incidences of downer cow syndrome (DCS) in dairy cattle, as well as rising cases of childhood obesity. Additionally, the presence of a significant number of pharmaceutical and cosmeceutical businesses that extensively spend in research development is expected to fuel market growth in this region.
Niacin and Niacinamide Market Segmentation
By Form, the powder segment is expected to have the largest market share during the forecast period. Furthermore, powdered Niacin and Niacinamide have a faster beginning of effect than other forms, which is fuelling the segment's growth. However, due to higher absorption rates and easier dosing flexibility, the liquid segment accounted for the largest market share in 2020, and it is expected to grow at a considerable CAGR of 7.6% over the forecast period 2024-2030.
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Niacin and Niacinamide Market Key Players
Brother Enterprises Holding Co., Ltd. (China)
Zhejiang NHU Company Ltd. (China)
Fagron NV (Netherlands)
Vertellus Specialties Inc.( United States )
Jubilant Life Sciences Limited (Noida)
Evonik Industries AG (Germany)
Foodchem International Corporation (China)
Key questions answered in the Automotive Relay Market are:
- What is Niacin and Niacinamide ?
- What are the global trends in the Niacin and Niacinamide Market?
- What are the factors contributing to the final price of Niacin and Niacinamide ?
- What are the recent industry trends that can be implemented to generate additional revenue streams for Niacin and Niacinamide Market?
- How is the intervention from regulatory authority is shaping the Niacin and Niacinamide Market?
- What growth strategies are the players considering to increase their presence in Niacin and Niacinamide Market?
- Who held the largest market share in Niacin and Niacinamide Market?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- Competitive Landscape – Profiles of selected key players by region from a strategic perspective
- Competitive landscape – Market Leaders, Market Followers, Regional player
- Competitive benchmarking of key players by region
- PESTLE Analysis
- PORTER’s analysis
- Value chain and supply chain analysis
- Legal Aspects of business by region
- Lucrative business opportunities with SWOT analysis
- Recommendations
About Stellar Market Research
Established in 2018, Stellar Market Research is an India-based consulting and advisory firm focused on helping clients reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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