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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.
LPI (LP Information)' newest research report, the "Nicotinamide (NAA) (aka Niacinamide) Industry Forecast" looks at past sales and reviews total world Nicotinamide (NAA) (aka Niacinamide) sales in 2022, providing a comprehensive analysis by region and market sector of projected Nicotinamide (NAA) (aka Niacinamide) sales for 2023 through 2029. With Nicotinamide (NAA) (aka Niacinamide) sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Nicotinamide (NAA) (aka Niacinamide) industry.
This Insight Report provides a comprehensive analysis of the global Nicotinamide (NAA) (aka Niacinamide) landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Nicotinamide (NAA) (aka Niacinamide) portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Nicotinamide (NAA) (aka Niacinamide) market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Nicotinamide (NAA) (aka Niacinamide) and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Nicotinamide (NAA) (aka Niacinamide).
The global Nicotinamide (NAA) (aka Niacinamide) market size is projected to grow from US$ 889 million in 2022 to US$ 1026.5 million in 2029; it is expected to grow at a CAGR of 1026.5 from 2023 to 2029.
Global nicotinamide (NAA) (aka niacinamide) main players are Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, etc. Global top 1 manufacturer hold a share about 50%. Asia Pacific is the largest market, with a share above 35%.In terms of product, feed grade is the largest segment, with a share over 60%. And in terms of application, the largest application is feed additives.
This report presents a comprehensive overview, market shares, and growth opportunities of Nicotinamide (NAA) (aka Niacinamide) market by product type, application, key manufacturers and key regions and countries.
Market Segmentation:
Segmentation by type
- Pharmaceutical Grade
- Feed Grade
- Food Grade
Segmentation by application
- Feed Additives
- Food and Drinks Industry
- Pharmaceutical Industry
- Daily Chemicals
- Others
This report also splits the market by region:
- Americas
- - United States
- - Canada
- - Mexico
- - Brazil
- APAC
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- Europe
- - Germany
- - France
- - UK
- - Italy
- - Russia
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
- Lonza
- Jubilant Life Sciences
- Vertellus
- Brother Enterprises
- Zhejiang Lanbo Biotechnology
- Lasons India
- Vanetta
- DSM
- Tianjin Zhongrui Pharmaceutical
Key Questions Addressed in this Report
What is the 10-year outlook for the global Nicotinamide (NAA) (aka Niacinamide) market?
What factors are driving Nicotinamide (NAA) (aka Niacinamide) market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Nicotinamide (NAA) (aka Niacinamide) market opportunities vary by end market size?
How does Nicotinamide (NAA) (aka Niacinamide) break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?