Global “Niacin (Vitamin B3) Market “2020report provides key statistics on the market status of the Niacin (Vitamin B3) Manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Niacin (Vitamin B3) Industry. The Niacin (Vitamin B3) industry report firstly announced the Niacin (Vitamin B3) Market fundamentals: type applications and market overview; product specifications; manufacturing processes; cost structures, raw materials and so on.

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.,

Niacin (Vitamin B3)market competition by top manufacturers/ Key player Profiled:

  • Lonza
  • Jubilant Life Sciences
  • Vertellus
  • Brother Enterprises
  • Zhejiang Lanbo Biotechnology
  • Lasons India
  • Vanetta
  • DSM
  • Tianjin Zhongrui Pharmaceutical
  • Resonance Specialties

.

And More……

market for Niacin (Vitamin B3) is expected to grow at a CAGR of roughly 0.1% over the next five years, will reach 650 million US$ in 2023, from 640 million US$ in 2017, according to a new study.,

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Niacin (Vitamin B3) Market Segment by Type covers:

  • Pharmaceutical Grade
  • Feed Grade

Niacin (Vitamin B3) Market Segment by Applications can be divided into:

  • Feed Additives
  • Food and Drinks Industry
  • Pharmaceutical Industry
  • Daily Chemicals

Regional analysis covers:

  1. North America (USA, Canada and Mexico)
  2. Europe (Germany, France, UK, Russia and Italy)
  3. Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
  4. South America (Brazil, Argentina, Columbia etc.)
  5. Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

Scope of theNiacin (Vitamin B3) MarketReport:

  • This report focuses on the Niacin (Vitamin B3) in Global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application., In Global market, the production of vitamin B3 increases from 56520 MT in 2012 to 71192 MT in 2016. In 2016, the Global Vitamin B3 market is led by China, capturing about 37.09% of Global Vitamin B3 production. Europe is the second-largest region-wise market with31.57% Global production share., At present, the major manufacturers of Vitamin B3 are concentrated in Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Zhejiang Lanbo Biotechnology, Lasons India,Vanetta,DSM,Tianjin Zhongrui Pharmaceutical and Resonance Specialties . Lonza is the world leader, holding 47.21% production market share in 2016. Lonza’s main markets are China and Europe. Vertellus is the only producer in the United States. At present, Vertellus Europe’s production capacity has been transferred to China. In 2014, Lonza built a new 15,000 production line in China. At the same time, Lonza shut down the oldest production line (5000 ton production line in 1995) due to environmental stress. At present, Lonza has 25,000 ton production capacity in China (10000 ton production line in 2005 and 25,000 ton production line in 2014)., Europe was the largest consumption market for Vitamin B3, with volume exceeding 23923 MT in 2016. In addition, Asia Pacific is also expected to witness fastest growth., In application, Vitamin B3 downstream is wide and recently Vitamin B3 has acquired increasing significance in various fields of Feed Additives´╝î Pharmaceuticals and Cosmetics and Food and Beverage. Global ly, the Vitamin B3 market is mainly driven by growing demand for Feed Additives which accounts for nearly 69.37% of total downstream consumption of Vitamin B3 in Global . In type, Vitamin B3 can be divided into feed grade and Pharmaceutical Grade. Feed grade is the largest type, holding about 92.5% share., In the future, Global market is expected to witness significant growth on account of rising applications, so in the next few years, Vitamin B3 production will show a trend of steady growth. In 2023 the production of Vitamin B3 is estimated to be 93952 MT. China is the world’s largest producer of vitamins. In 2017, the price of Chinese vitamin B3 rose by about 40% due to the rising price of raw materials and environmental policy. In the next few years, the price is expected to fall., The worldwide market for Niacin (Vitamin B3) is expected to grow at a CAGR of roughly 0.1% over the next five years, will reach 650 million US$ in 2023, from 640 million US$ in 2017, according to a new study.,

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Key questions answered in the report:

  • What will the marketgrowth rateof Niacin (Vitamin B3) market?
  • What are thekey factors drivingthe Global Niacin (Vitamin B3) market?
  • Who are thekey manufacturersin Niacin (Vitamin B3) market space?
  • What are themarket opportunities, market risk and market overviewof the Niacin (Vitamin B3)market?
  • What are sales, revenue, and price analysis of top manufacturers of Niacin (Vitamin B3) market?
  • Who are the distributors, traders and dealers of Niacin (Vitamin B3) market?
  • What are the Niacin (Vitamin B3) market opportunities and threats faced by the vendors in the Global Niacin (Vitamin B3)industries?
  • What are sales, revenue, and price analysis by types and applicationsof Niacin (Vitamin B3)market?
  • What aresales, revenue, and price analysis by regionsof Niacin (Vitamin B3) industries?

Key Benefits

  • Major countries in each region are mapped according to individual market revenue.
  • Comprehensive analysis of factors that drive and restrict the market growth is provided.
  • The report includes an in-depth analysis of current research and clinical developments within the market.
  • Key players and their key developments in the recent years are listed.

And More….

Look into Table of Content of Niacin (Vitamin B3) Market Report @https://www.360marketupdates.com/TOC/12661964#TOC

The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information,growth rateof Niacin (Vitamin B3) market in 2025is also explained.Additionally, type wise and application wise consumptiontables andfiguresof Niacin (Vitamin B3) marketare also given.

Objective of Studies:

  • To provide strategic profiling of key players in the market, comprehensively analysing their core competencies, and drawing a competitive landscape for the market.
  • To provide insights about factors affecting the market growth. To analyse the Niacin (Vitamin B3) market based on various factors- price analysis, supply chain analysis, porter five force analysis etc.
  • To provide detailed analysis of the market structure along with forecast of the various segments and sub-segments of the Global Niacin (Vitamin B3) market.
  • To provide country level analysis of the market with respect to the current market size and future prospective.
  • To provide country level analysis of the market for segment by application, product type and sub-segments.
  • To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- North America, Europe, Asia, and Rest of the World.
  • To track and analyse competitive developments such as joint ventures, strategic alliances, new product developments, and research and developments in the Global Niacin (Vitamin B3) market.

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