New York, NY -- (SBWIRE) -- 03/19/2021 -- The Global Niacinamide Market is forecast to reach USD 788.8 Million by 2027, according to a new report by Reports and Data. Niacinamide, also known as Nicotinamide, is an essential nutrient and is a form of vitamin B-3. A B-3 deficiency can lead to disorders of the kidneys, brain, and skin. Consumption of Nicotinamide can help prevent the deficiency of B-3. The nutrient is used for the treatment of skin diseases such as acne and eczema.

The product is found in small amount in meat, fish, nuts, mushrooms, and milk, and deficiency of this nutrient can lead to weakness, indigestion, anorexia, dementia, diarrhea, and irritability. Growth in the population across the globe and increasing awareness regarding the nutritional value in food is expected to drive the market in the food and beverage industry.

Top Players Covered in the Report Include:
Lonza Group, Vertellus, Vanetta, Zhejiang Lanbo Biotechnology, Foodchem International Corporation, Merck KGaA, Koninklijke DSM N.V., Bactolac Pharmaceutical Inc., BASF SE, and Lasons India, among others.

Niacinamide's chemical name is 3-pyridine carboxamide. It is directly synthesized by the human body and is easily absorbed by the gastrointestinal (GI) tract. Major dietary sources of the product are milk, meat, and grains. It enhances the nutritional value of the food products. It is commonly used in cereals, bakery products, and beverages.

Developed regions such as North America are witnessing the maximum consumption of Niacinamide. Various industries, such as cosmetics, pharmaceuticals, paints, and beverages, are using Nicotinamide to enhance the quality of their products. The presence of several end-use major players are also propelling market growth.

Further key findings from the report suggest:
The market for Niacinamide is expected to grow owing to its increased applications for the treatment of pellagra, diabetes mellitus, acne, schizophrenia, and alcoholism. It is used in pharmaceutical products and is used to maintain proper heart functioning and healthy cholesterol levels. A rise in the pharmaceutical industry due to regular innovations and growing consumer awareness and affordability will be a significant driving factor for the market.

It is used as a dietary supplement in tablets and capsules. It is employed in cosmetics as a skin and hair conditioning agent. It is undergoing clinical trials for its neuroprotective and antidiabetic effects, so as to use it in pharmaceutical drugs.

Pharmaceutical Grade refers to the production processes used by pharmaceutical companies that manufacture drugs and other medicines. In the pharmaceutical industry, all drugs must undergo a rigorous approval process.

The U.S. Food and Drug Administration (FDA) regulates dietary supplements differently than any other conventional medicine. The standards for the supplements are found in the Dietary Supplement Health and Education Act (DSHEA), a federal law that defines dietary supplements and sets health claim limits and product-labeling standards.

Southeast Asia is expanding the market for Niacinamide. This is providing ample growth opportunities for the market in Asia Pacific. Presently, China is the leader in the supplier of the market product, followed by emerging nation India.

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For the purpose of this report, Reports and Data have segmented into the global Niacinamide market on the basis of grade, form, end-users, and region:
Grade Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Pharmaceutical Grade
Feed Grade

Form Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Granular
Powder
Liquid

End-Users Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
Pharmaceuticals
Cosmeceutical
Human Nutrition
Animal Nutrition

Regional Outlook (Revenue, USD Billion; Volume, Kilo Tons; 2016-2027)
North America
S
Europe
UK
France
Asia Pacific
China
India
Japan
MEA
Latin America
Brazil

Key Summary of the Report:
Comprehensive analysis of the market including risks and opportunities
Details of business strategies and plans undertaken by key market players
Analysis of current and future trends that will affect the growth of the market in the forecast timeline
In-depth analysis of drivers and constraints for better understanding of the market
The report encompasses a detailed forecast for the years 2021-2028

Table Of Contents
Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique

Chapter 2. Executive Summary
2.1. Summary Snapshot, 2018-2027

Chapter 3. Indicative Metrics

Chapter 4. Niacinamide Market Segmentation & Impact Analysis
4.1. Niacinamide Market Material Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. High application in the supplements
4.2.2.2. Increasing utilization in animal feed
4.2.3. Market restraints analysis
4.2.3.1. Development of generic supplement ingredients
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis

Chapter 5. Niacinamide Market, By Grade Insights & Trends
5.1. Grade Dynamics & Market Share, 2019 & 2027
5.2. Pharmaceutical Grade
5.2.1. Market estimates and forecast, 2016 – 2027 (USD Billion) (Kilo Tons)
5.2.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Billion) (Kilo Tons)
5.3. Feed Grade
5.3.1. Market estimates and forecast, 2016 – 2027 (USD Billion) (Kilo Tons)
5.3.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Billion) (Kilo Tons)

Chapter 6. Niacinamide Market, By Form Insights & Trends
6.1. Form Dynamics & Market Share, 2019 & 2027
6.2. Granular
6.2.1. Market estimates and forecast, 2016 – 2027 (USD Billion) (Kilo Tons)
6.2.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Billion) (Kilo Tons)
6.3. Powder
6.3.1. Market estimates and forecast, 2016 – 2027 (USD Billion) (Kilo Tons)
6.3.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Billion) (Kilo Tons)
6.4. Liquid
6.4.1. Market estimates and forecast, 2016 – 2027 (USD Billion) (Kilo Tons)
6.4.2. Market estimates and forecast, By Region, 2016 – 2027 (USD Billion) (Kilo Tons)

Chapter 7. Niacinamide Market, By End-Users Insights & Trends

Continued…..

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