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 global market, the sales of Nicotinamide increased from 55407 MT in 2013 to 76862 MT in 2017. In 2017, the global Nicotinamide market is led by Europe, capturing about 31.97% of global Nicotinamide consumption. China is the second-largest region-wise market with 28.81% global consumption share. The global Nicotinamide (NAA) (aka Niacinamide) market is valued at USD 605.04 million in 2017 and is expected to reach USD 724.10 million by the end of 2024, growing at a CAGR of 2.60% between 2017 and 2024.
At present, the major manufacturers of Nicotinamide are concentrated in Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Zhejiang Lanbo Biotechnology, Lasons India, Vanetta, DSM and Tianjin Zhongrui Pharmaceutical. Lonza is the world leader, holding 45.79% consumption 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 tons production line in 1995) due to environmental stress. At present, Lonza has 25,000 tons production capacity in China (10000 tons production line in 2005 and 15,000 tons production line in 2014).
According to this study, over the next five years the Nicotinamide (NAA) (aka Niacinamide) market will register a 2.5% CAGR in terms of revenue, the global market size will reach US$ 680 million by 2024, from US$ 610 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Nicotinamide (NAA) (aka Niacinamide) business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Nicotinamide (NAA) (aka Niacinamide) market by product type, application, key manufacturers and key regions and countries.
This study considers the Nicotinamide (NAA) (aka Niacinamide) value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Pharmaceutical Grade
Feed Grade
Other
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Feed Additives
Food and Drinks Industry
Pharmaceutical Industry
Daily Chemicals
Other
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Lonza
Jubilant Life Sciences
Vertellus
Brother Enterprises
Zhejiang Lanbo Biotechnology
Lasons India
Vanetta
DSM
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Nicotinamide (NAA) (aka Niacinamide) consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Nicotinamide (NAA) (aka Niacinamide) market by identifying its various subsegments.
Focuses on the key global Nicotinamide (NAA) (aka Niacinamide) manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Nicotinamide (NAA) (aka Niacinamide) with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Nicotinamide (NAA) (aka Niacinamide) submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Summary:
Get latest Market Research Reports on Nicotinamide (NAA) (aka Niacinamide) . Industry analysis & Market Report on Nicotinamide (NAA) (aka Niacinamide) is a syndicated market report, published as Global Nicotinamide (NAA) (aka Niacinamide) Market Growth 2019-2024. It is complete Research Study and Industry Analysis of Nicotinamide (NAA) (aka Niacinamide) market, to understand, Market Demand, Growth, trends analysis and Factor Influencing market.