Global Niacin (Vitamin B3) market is accounted for $322.01 million in 2019 and is expected to reach $457.94 million by 2027 growing at a CAGR of 4.5% during the forecast period. The rise in demand for useful and nutritionally enriched processed food products and the prevalence of vitamin deficiencies are the major factors driving the market growth.
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By geography, Asia Pacific holds the largest market share during the forecast period as the processed food industries in the region is experiencing growth owing to the changing lifestyles of customers and constant changes in rapid urbanization, consumer preferences, diet diversification, and liberalization of foreign direct investment in the food sector.
Some of the key players profiled in the Niacin (Vitamin B3) Market include Aarti Drugs, Brother Enterprises Holding, DSM, Jubilant Life Science, Lanbo Biotechnology, Lasons India, Nantong Acetic Acid Chemical, Red Sun Group, Resonance Specialties, Tianjin Zhongrui Pharmaceutical, Vanetta Ltd., Vertellus and Western Drugs Limited.
Types Covered in Niacin (Vitamin B3) Market
• Pharmaceutical Grade
• Feed Grade
Applications Covered:
• Feed Additives
• Food and Beverage
• Pharmaceuticals
• Industrial
• Daily Chemicals
• Nutrition
• Consumer
• Agrochemicals
• Cosmetics & Personal Care Products
• Agricultural
Sales Channels Covered:
• Direct Channel
• Distribution Channel
Forms Covered:
• Dry
• Liquid
Sources Covered:
• Natural
• Synthetic
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