Niacin and Niacinamide Market Opportunities 2031
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 2031" 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.
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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 2021 to 2031 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.
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- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
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 2021 to 2031 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
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Niacin and Niacinamide Market - By Form
1.3.2 Niacin and Niacinamide Market - By End User
1.3.3 Niacin and Niacinamide Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. NIACIN AND NIACINAMIDE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. NIACIN AND NIACINAMIDE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS, RESTRAINTS & EXPECTED INFLUENCE OF COVID-19 PANDEMIC
6. NIACIN AND NIACINAMIDE MARKET - GLOBAL MARKET ANALYSIS
6.1. NIACIN AND NIACINAMIDE - GLOBAL MARKET OVERVIEW
6.2. NIACIN AND NIACINAMIDE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. NIACIN AND NIACINAMIDE MARKET - REVENUE AND FORECASTS TO 2028 - FORM
7.1. OVERVIEW
7.2. FORM MARKET FORECASTS AND ANALYSIS
7.3. GRANULAR
7.3.1. Overview
7.3.2. Granular Market Forecast and Analysis
7.4. POWDER
7.4.1. Overview
7.4.2. Powder Market Forecast and Analysis
7.5. LIQUID
7.5.1. Overview
7.5.2. Liquid Market Forecast and Analysis
8. NIACIN AND NIACINAMIDE MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. PHARMACEUTICALS
8.3.1. Overview
8.3.2. Pharmaceuticals Market Forecast and Analysis
8.4. COSMECEUTICALS
8.4.1. Overview
8.4.2. Cosmeceuticals Market Forecast and Analysis
8.5. HUMAN NUTRITION
8.5.1. Overview
8.5.2. Human Nutrition Market Forecast and Analysis
8.6. ANIMAL NUTRITION
8.6.1. Overview
8.6.2. Animal Nutrition Market Forecast and Analysis
9. NIACIN AND NIACINAMIDE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Niacin and Niacinamide Market Overview
9.1.2 North America Niacin and Niacinamide Market Forecasts and Analysis
9.1.3 North America Niacin and Niacinamide Market Forecasts and Analysis - By Form
9.1.4 North America Niacin and Niacinamide Market Forecasts and Analysis - By End User
9.1.5 North America Niacin and Niacinamide Market Forecasts and Analysis - By Countries
9.1.5.1 United States Niacin and Niacinamide Market
9.1.5.1.1 United States Niacin and Niacinamide Market by Form
9.1.5.1.2 United States Niacin and Niacinamide Market by End User
9.1.5.2 Canada Niacin and Niacinamide Market
9.1.5.2.1 Canada Niacin and Niacinamide Market by Form
9.1.5.2.2 Canada Niacin and Niacinamide Market by End User
9.1.5.3 Mexico Niacin and Niacinamide Market
9.1.5.3.1 Mexico Niacin and Niacinamide Market by Form
9.1.5.3.2 Mexico Niacin and Niacinamide Market by End User
9.2. EUROPE
9.2.1 Europe Niacin and Niacinamide Market Overview
9.2.2 Europe Niacin and Niacinamide Market Forecasts and Analysis
9.2.3 Europe Niacin and Niacinamide Market Forecasts and Analysis - By Form
9.2.4 Europe Niacin and Niacinamide Market Forecasts and Analysis - By End User
9.2.5 Europe Niacin and Niacinamide Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Niacin and Niacinamide Market
9.2.5.1.1 Germany Niacin and Niacinamide Market by Form
9.2.5.1.2 Germany Niacin and Niacinamide Market by End User
9.2.5.2 France Niacin and Niacinamide Market
9.2.5.2.1 France Niacin and Niacinamide Market by Form
9.2.5.2.2 France Niacin and Niacinamide Market by End User
9.2.5.3 Italy Niacin and Niacinamide Market
9.2.5.3.1 Italy Niacin and Niacinamide Market by Form
9.2.5.3.2 Italy Niacin and Niacinamide Market by End User
9.2.5.4 Spain Niacin and Niacinamide Market
9.2.5.4.1 Spain Niacin and Niacinamide Market by Form
9.2.5.4.2 Spain Niacin and Niacinamide Market by End User
9.2.5.5 United Kingdom Niacin and Niacinamide Market
9.2.5.5.1 United Kingdom Niacin and Niacinamide Market by Form
9.2.5.5.2 United Kingdom Niacin and Niacinamide Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Niacin and Niacinamide Market Overview
9.3.2 Asia-Pacific Niacin and Niacinamide Market Forecasts and Analysis
9.3.3 Asia-Pacific Niacin and Niacinamide Market Forecasts and Analysis - By Form
9.3.4 Asia-Pacific Niacin and Niacinamide Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Niacin and Niacinamide Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Niacin and Niacinamide Market
9.3.5.1.1 Australia Niacin and Niacinamide Market by Form
9.3.5.1.2 Australia Niacin and Niacinamide Market by End User
9.3.5.2 China Niacin and Niacinamide Market
9.3.5.2.1 China Niacin and Niacinamide Market by Form
9.3.5.2.2 China Niacin and Niacinamide Market by End User
9.3.5.3 India Niacin and Niacinamide Market
9.3.5.3.1 India Niacin and Niacinamide Market by Form
9.3.5.3.2 India Niacin and Niacinamide Market by End User
9.3.5.4 Japan Niacin and Niacinamide Market
9.3.5.4.1 Japan Niacin and Niacinamide Market by Form
9.3.5.4.2 Japan Niacin and Niacinamide Market by End User
9.3.5.5 South Korea Niacin and Niacinamide Market
9.3.5.5.1 South Korea Niacin and Niacinamide Market by Form
9.3.5.5.2 South Korea Niacin and Niacinamide Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Niacin and Niacinamide Market Overview
9.4.2 Middle East and Africa Niacin and Niacinamide Market Forecasts and Analysis
9.4.3 Middle East and Africa Niacin and Niacinamide Market Forecasts and Analysis - By Form
9.4.4 Middle East and Africa Niacin and Niacinamide Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Niacin and Niacinamide Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Niacin and Niacinamide Market
9.4.5.1.1 South Africa Niacin and Niacinamide Market by Form
9.4.5.1.2 South Africa Niacin and Niacinamide Market by End User
9.4.5.2 Saudi Arabia Niacin and Niacinamide Market
9.4.5.2.1 Saudi Arabia Niacin and Niacinamide Market by Form
9.4.5.2.2 Saudi Arabia Niacin and Niacinamide Market by End User
9.4.5.3 U.A.E Niacin and Niacinamide Market
9.4.5.3.1 U.A.E Niacin and Niacinamide Market by Form
9.4.5.3.2 U.A.E Niacin and Niacinamide Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Niacin and Niacinamide Market Overview
9.5.2 South and Central America Niacin and Niacinamide Market Forecasts and Analysis
9.5.3 South and Central America Niacin and Niacinamide Market Forecasts and Analysis - By Form
9.5.4 South and Central America Niacin and Niacinamide Market Forecasts and Analysis - By End User
9.5.5 South and Central America Niacin and Niacinamide Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Niacin and Niacinamide Market
9.5.5.1.1 Brazil Niacin and Niacinamide Market by Form
9.5.5.1.2 Brazil Niacin and Niacinamide Market by End User
9.5.5.2 Argentina Niacin and Niacinamide Market
9.5.5.2.1 Argentina Niacin and Niacinamide Market by Form
9.5.5.2.2 Argentina Niacin and Niacinamide Market by End User
10. INDUSTRY LANDSCAPE
10.1. MERGERS AND ACQUISITIONS
10.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
10.3. NEW PRODUCT LAUNCHES
10.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
11. NIACIN AND NIACINAMIDE MARKET, KEY COMPANY PROFILES
11.1. MERCK KGAA
11.1.1. Key Facts
11.1.2. Business Description
11.1.3. Products and Services
11.1.4. Financial Overview
11.1.5. SWOT Analysis
11.1.6. Key Developments
11.2. LONZA GROUP AG
11.2.1. Key Facts
11.2.2. Business Description
11.2.3. Products and Services
11.2.4. Financial Overview
11.2.5. SWOT Analysis
11.2.6. Key Developments
11.3. DSM
11.3.1. Key Facts
11.3.2. Business Description
11.3.3. Products and Services
11.3.4. Financial Overview
11.3.5. SWOT Analysis
11.3.6. Key Developments
11.4. EVONIK INDUSTRIES
11.4.1. Key Facts
11.4.2. Business Description
11.4.3. Products and Services
11.4.4. Financial Overview
11.4.5. SWOT Analysis
11.4.6. Key Developments
11.5. ZHEJIANG NHU CO LTD
11.5.1. Key Facts
11.5.2. Business Description
11.5.3. Products and Services
11.5.4. Financial Overview
11.5.5. SWOT Analysis
11.5.6. Key Developments
11.6. VERTELLUS SPECIALTIES UK
11.6.1. Key Facts
11.6.2. Business Description
11.6.3. Products and Services
11.6.4. Financial Overview
11.6.5. SWOT Analysis
11.6.6. Key Developments
11.7. JUBILANT LIFE SCIENCES,
11.7.1. Key Facts
11.7.2. Business Description
11.7.3. Products and Services
11.7.4. Financial Overview
11.7.5. SWOT Analysis
11.7.6. Key Developments
11.8. FAGRON
11.8.1. Key Facts
11.8.2. Business Description
11.8.3. Products and Services
11.8.4. Financial Overview
11.8.5. SWOT Analysis
11.8.6. Key Developments
11.9. BROTHER ENTERPRISES
11.9.1. Key Facts
11.9.2. Business Description
11.9.3. Products and Services
11.9.4. Financial Overview
11.9.5. SWOT Analysis
11.9.6. Key Developments
11.10. BACTOLAC PHARMACEUTICAL INC
11.10.1. Key Facts
11.10.2. Business Description
11.10.3. Products and Services
11.10.4. Financial Overview
11.10.5. SWOT Analysis
11.10.6. Key Developments
12. APPENDIX
12.1. ABOUT THE INSIGHT PARTNERS
12.2. GLOSSARY OF TERMS
1. Merck KGaA2. Lonza Group AG3. DSM4. Evonik Industries5. Zhejiang NHU Co Ltd6. Vertellus Specialties UK7. Jubilant Life Sciences8. Fagron9. Brother Enterprises10. Bactolac Pharmaceutical Inc
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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