Nicotinic acid, also known as vitamin B3 or niacin, is a colorless, water-soluble derivative of pyridine. The natural foods such as peanuts, avocado, green peas, mushrooms, potatoes, whole grains, meat, poultry, and fish are rich in nicotinic acid. Nicotinic acid helps to regulate metabolism. As nicotinic acid is a water-soluble vitamin, it cannot be stored in the body, and thus, should be consumed to fulfill the daily requirements of the body. Nicotinic acid provides various benefits such as it protects skin from sun damage, boosts brain function, lower triglycerides and decreases bad cholesterol levels. Nicotinic acid is used in industries such as food, pharmaceutical, cosmetic, animal nutrition, dietary supplements, and functional foods.
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Nicotinic Acid Market: Regional Analysis
The increase in health and fitness trends in the Asia Pacific region is estimated to boosts the sales of nicotinic acid. The impact of western culture, increase in disposable income, hectic lifestyle, and high youth population is some of the drivers for the increase in the demand for nicotinic acid. The high youth population and their inclination towards the gym and other fitness activities enhance the requirements of vitamins and proteins. Thus, the manufacturers of the dietary supplement industry are anticipated to develop dietary supplements which contain multivitamins and other essential nutrients that are required by the youth population. Therefore, the demand for nicotinic acid is anticipated to increase in the Asia Pacific region.
Nicotinic Acid Market: Key Participants
Few of the key market players in the nicotinic acid market are:
- Koninklijke DSM N.V.
- Jubilant Life Science Ingredients
- Lonza Group AG
- Aarti Drugs Ltd.
- Vertellus
- Lasons India Pvt. Ltd.
- Resonance Specialities Limited
- Brother Enterprises Holding Co., Ltd.
- Triveni Chemicals
The report covers exhaustive analysis on:
- Nicotinic acid Market Segments
- Market Dynamics
- Market Size
- Supply and Demand
- Current Trends/Issues/Challenges pertaining to nicotinic acid market
- Competition Landscape and Emerging Market Participants in the nicotinic acid market
- Technology related to Production/Processing of nicotinic acid
- Value Chain Analysis of the nicotinic acid market
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The regional analysis includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil)
- Europe (Germany, U.K., France, Italy, Spain, Poland, Russia)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Nicotinic Acid Market Segmentation
The nicotinic acid market can be segmented on the basis of form, grade, end-use, and distribution channel –
The nicotinic acid market can be segmented on the basis of the form as:
- Liquid
- Powder
The nicotinic acid market can be segmented on the basis of the grade as:
- Food Grade
- Feed Grade
- Pharmaceutical Grade
- Cosmetic Grade
The nicotinic acid market can be segmented on the basis of the end-use as:
- Food and Beverage
- Dietary Supplements and Functional Foods
- Pharmaceutical Industry
- Cosmetic and Personal Care
- Animal Nutrition
The nicotinic acid market can be segmented on the basis of the distribution channel as:
- Direct Sales/ B2B
- Indirect Sales/B2C
- Hypermarkets/Supermarkets
- Wholesalers
- Convenience Stores
- Specialty Stores
- Online Retailers
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Report Highlights:
- Detailed overview of parent market
- Changing dynamics of the nicotinic acid market in the industry
- In-depth market segmentation and analysis
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments in the nicotinic acid market
- Competitive landscape of the nicotinic acid market
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on nicotinic acid market performance
- Must-have information for nicotinic acid market players to sustain and enhance their market footprint
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