Global Niacin (Vitamin B3) Industry Report: Overview with Product Scope, Opportunities Risk, Market Driving Force

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.In 2017, the global Niacin market is led by China, capturing about 46.69% of global Niacin production. India is the second-largest region-wise market with 22.66% global production share.Lonza is the world leader, holding 46.38% production market share in 2017. 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.

China was the largest consumption market for Niacin, with volume exceeding 23186 MT in 2017. In addition, Asia Pacific is also expected to witness fastest growth.

In application, Niacin downstream is wide and recently Niacin has acquired increasing significance in various fields of Feed Additives, Pharmaceuticals and Cosmetics and Food and Beverage. Globally, the Niacin market is mainly driven by growing demand for Feed Additives which accounts for nearly 77.65% of total downstream consumption of Niacin in global. In type, Niacin can be divided into feed grade and Pharmaceutical Grade. Feed grade is the largest type, holding about 93.29% share.

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The worldwide market for Niacin (Vitamin B3) is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019.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.

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The content of the study subjects, includes a total of 15 chapters:

Chapter 1, to describe Niacin (Vitamin B3) product scope, market overview, market opportunities, market driving force and market risks.

Chapter 2, to profile the top manufacturers of Niacin (Vitamin B3), with price, sales, revenue and global market share of Niacin (Vitamin B3) in 2017 and 2018.

Chapter 3, the Niacin (Vitamin B3) competitive situation, sales, revenue and global market share of top manufacturers are analyzed emphatically by landscape contrast.

Chapter 4, the Niacin (Vitamin B3) breakdown data are shown at the regional level, to show the sales, revenue and growth by regions, from 2014 to 2019.

Chapter 5, 6, 7, 8 and 9, to break the sales data at the country level, with sales, revenue and market share for key countries in the world, from 2014 to 2019.

Chapter 10 and 11, to segment the sales by type and application, with sales market share and growth rate by type, application, from 2014 to 2019.

Chapter 12, Niacin (Vitamin B3) market forecast, by regions, type and application, with sales and revenue, from 2019 to 2024.

Chapter 13, 14 and 15, to describe Niacin (Vitamin B3) sales channel, distributors, customers, research findings and conclusion, appendix and data source.

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Posted by on Saturday May 25 2019, 6:32 AM EDT. All trademarks acknowledged. Filed under Consumer & Retail, Featured Press Release, Healthcare, Manufacturing. Comments and Trackbacks closed. Follow responses: RSS 2.0

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