Vitamin B3 Market by Type (Feed Grade, Pharmaceutical Grade), Form , Source (Natural, Synthetic), Application (Pharmaceutical, Nutrition, Consumer, Agrochemicals), & Region (North America, Asia Pacific, Europe, RoW) – Global Forecast to 2025
The global Vitamin B3 size is estimated to be valued USD 330 million in 2020 and is expected to reach a value of USD 373 million by 2025, growing at a CAGR of 2.5% during the forecast period.
Vitamin B3 is an essential micronutrient commercially available in natural and synthetic forms; it is used in pharmaceutical, nutrition, consumer, agrochemicals, and other applications for enrichment or fortification purposes, to enhance the nutrient value of the end products. . The growth of this market is attributed to the rise in demand for functional and nutritionally enriched processed food products and the prevalence of vitamin deficiencies. The constrained supply of raw materials for natural vitamins and high costs are restraining market growth.
“The market for dry segment projected to grow at the highest CAGR between 2020 and 2025.”
The dry segment is the most dominant as well as fastest growing type of mineral in the Vitamin B3 market.
Owing to its easy availability and ease of handling. With the growing awareness associated with the health and nutritional benefits of vitamin B3, which addresses micronutrient deficiencies, and a growing consumer focus on preventive healthcare, the demand for vitamin B3 is projected to grow significantly.
The dry form of vitamin B3 accounted for the major market share in the vitamin B3 market. The increased demand for the fortification of food and feed products with B3 vitamin has encouraged major vitamin B3 manufacturers such as Lonza Group and DSM to expand their production capacities through the establishment of manufacturing plants in key demand markets such as China. These factors, along with the easy availability of vitamin B3 for use in various applications, have accelerated the growth of this segment.
“The feed grade segment is projected to grow at the highest CAGR between 2020 and 2025.”
For feed grade application in broilers, vitamin B3 is used to partly correct leg problems while still maintaining rapid weight gains. Whereas in swine, niacin supplementation before slaughter appears to improve pork quality. Vitamin B3 in dairy cattle has several beneficial effects. It improves digestive health, which can lead to better body condition and may prevent metabolic disorders. Vitamin B3 appears to increase the fertility of dairy cows and may increase milk yield in the early stages of lactation. Vitamin B3 feed grade in dogs is often prescribed to treat discoid lupus erythematosus, an autoimmune disease in which the body becomes allergic to the skin, resulting in crusting, sores, and pigment loss around the nose, eyes, ears, and paws.
“Natural segment is projected to grow at the highest CAGR between 2020 and 2025.”
Natural vitamin B3 is extracted from products such as fish oils or lemongrass, yeast, citrus or berries, fish oils, vegetable oils, and leafy green vegetables, respectively, and have several health benefits associated, including their better retention in the body that serves as a positive factor for the popularity of naturally sourced vitamins. However, natural vitamin B3 is easily prone to oxidation and requires a stabilizer, usually a chemical, to maintain quality. Nevertheless, there is a continuous focus of vitamin manufacturers to innovate and help address consumer preferences for natural ingredients.
“The pharmaceutical segment, projected to grow at the highest CAGR between 2020 and 2025.”
Vitamin B3 has considerable scope in pharmaceutical applications, mainly due to the growing focus of health-conscious consumers regarding preventive healthcare. Vitamin B3 (niacin) is known for its antihyperlipidemic action. Antihyperlipidemic agents are a diverse group of pharmaceuticals that are used in the treatment of high levels of fats (lipids), such as cholesterol, in the blood (hyperlipidemia). The demand for vitamin B3 is further witnessing an increase due to the high prevalence of vitamin deficiencies in both developed and developing countries.
“Asia Pacific market for Vitamin B3 is projected to grow at the highest CAGR during the forecast period. “
The rising health consciousness among consumers in the Asia Pacific due to the growing incidences of chronic diseases, such as cancer, diabetes, high blood pressure, and osteoporosis, has been fueling the market growth for vitamin B3. Also, there is a high prevalence of vitamin B3 deficiency among the population, which has led to the high adoption of vitamin-infused product categories, such as nutrition, agrochemicals, consumer, pharmaceuticals, and others.
The market in this region is majorly driven by India and China, which are the largest producer, exporter, and consumer of vitamins. Additionally, the rise in incomes, increase in purchasing power, and significant consumer demand for nutritional & healthy products are driving the consumption of vitamins in various industries in the region. In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews have been conducted with the key experts.
The breakup of the profiles of primary participants is as follows:
Research Coverage
The report segments the Vitamin B3 market based on type, livestock, chelate type, form and region. in terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the Vitamin B3 high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to Buy the Report:
Vitamin B3 is an essential micronutrient commercially available in natural and synthetic forms; it is used in pharmaceutical, nutrition, consumer, agrochemicals, and other applications for enrichment or fortification purposes, to enhance the nutrient value of the end products. . The growth of this market is attributed to the rise in demand for functional and nutritionally enriched processed food products and the prevalence of vitamin deficiencies. The constrained supply of raw materials for natural vitamins and high costs are restraining market growth.
“The market for dry segment projected to grow at the highest CAGR between 2020 and 2025.”
The dry segment is the most dominant as well as fastest growing type of mineral in the Vitamin B3 market.
Owing to its easy availability and ease of handling. With the growing awareness associated with the health and nutritional benefits of vitamin B3, which addresses micronutrient deficiencies, and a growing consumer focus on preventive healthcare, the demand for vitamin B3 is projected to grow significantly.
The dry form of vitamin B3 accounted for the major market share in the vitamin B3 market. The increased demand for the fortification of food and feed products with B3 vitamin has encouraged major vitamin B3 manufacturers such as Lonza Group and DSM to expand their production capacities through the establishment of manufacturing plants in key demand markets such as China. These factors, along with the easy availability of vitamin B3 for use in various applications, have accelerated the growth of this segment.
“The feed grade segment is projected to grow at the highest CAGR between 2020 and 2025.”
For feed grade application in broilers, vitamin B3 is used to partly correct leg problems while still maintaining rapid weight gains. Whereas in swine, niacin supplementation before slaughter appears to improve pork quality. Vitamin B3 in dairy cattle has several beneficial effects. It improves digestive health, which can lead to better body condition and may prevent metabolic disorders. Vitamin B3 appears to increase the fertility of dairy cows and may increase milk yield in the early stages of lactation. Vitamin B3 feed grade in dogs is often prescribed to treat discoid lupus erythematosus, an autoimmune disease in which the body becomes allergic to the skin, resulting in crusting, sores, and pigment loss around the nose, eyes, ears, and paws.
“Natural segment is projected to grow at the highest CAGR between 2020 and 2025.”
Natural vitamin B3 is extracted from products such as fish oils or lemongrass, yeast, citrus or berries, fish oils, vegetable oils, and leafy green vegetables, respectively, and have several health benefits associated, including their better retention in the body that serves as a positive factor for the popularity of naturally sourced vitamins. However, natural vitamin B3 is easily prone to oxidation and requires a stabilizer, usually a chemical, to maintain quality. Nevertheless, there is a continuous focus of vitamin manufacturers to innovate and help address consumer preferences for natural ingredients.
“The pharmaceutical segment, projected to grow at the highest CAGR between 2020 and 2025.”
Vitamin B3 has considerable scope in pharmaceutical applications, mainly due to the growing focus of health-conscious consumers regarding preventive healthcare. Vitamin B3 (niacin) is known for its antihyperlipidemic action. Antihyperlipidemic agents are a diverse group of pharmaceuticals that are used in the treatment of high levels of fats (lipids), such as cholesterol, in the blood (hyperlipidemia). The demand for vitamin B3 is further witnessing an increase due to the high prevalence of vitamin deficiencies in both developed and developing countries.
“Asia Pacific market for Vitamin B3 is projected to grow at the highest CAGR during the forecast period. “
The rising health consciousness among consumers in the Asia Pacific due to the growing incidences of chronic diseases, such as cancer, diabetes, high blood pressure, and osteoporosis, has been fueling the market growth for vitamin B3. Also, there is a high prevalence of vitamin B3 deficiency among the population, which has led to the high adoption of vitamin-infused product categories, such as nutrition, agrochemicals, consumer, pharmaceuticals, and others.
The market in this region is majorly driven by India and China, which are the largest producer, exporter, and consumer of vitamins. Additionally, the rise in incomes, increase in purchasing power, and significant consumer demand for nutritional & healthy products are driving the consumption of vitamins in various industries in the region. In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews have been conducted with the key experts.
The breakup of the profiles of primary participants is as follows:
- By Manufacturers: Tier 1 – 70.0%, Tier 2 – 5.0%, and Tier 3 – 15.0%
- By Designation: CXOs – 44.4%, Directors – 33.3%, Others – 22.2%
- By Geography: Asia Pacific – 57.0%, Europe – 23.0%, North America – 8%, South America – 6%, and RoW – 6%
Research Coverage
The report segments the Vitamin B3 market based on type, livestock, chelate type, form and region. in terms of insights, this report has focused on various levels of analyses—competitive landscape, end-use analysis, and company profiles—which together comprise and discuss views on the emerging & high-growth segments of the Vitamin B3 high-growth regions, countries, government initiatives, drivers, restraints, opportunities, and challenges.
Reasons to Buy the Report:
- Illustrative segmentation, analysis, and forecast pertaining to the Vitamin B3 market based on type, species, application and geography have been conducted to provide an overall view of the Vitamin B3 market
- Major drivers, restraints, and opportunities for the Vitamin B3 market have been detailed in this report.
- A bird’s eye view of the pricing, trade situation, technological changes, and market ecosystem have been provided in the report.
- Detailed insights into the competitive landscape has been provided for established players and start-ups in the industry.
- Breakdown of the market share of major players in the Vitamin B3 market has been provided after analyzing the segmental revenue, product portfolio, and global presence of the manufacturers
1 INTRODUCTION
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 VITAMIN B3: MARKET SEGMENTATION
FIGURE 2 REGIONAL SEGMENTATION
1.4 PERIODIZATION CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATE, 2017–2019
1.6 STAKEHOLDERS
1.7 INCLUSIONS & EXCLUSIONS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 RESEARCH DESIGN
2.1.1 SECONDARY RESEARCH
2.1.2 PRIMARY RESEARCH
2.1.2.1 Key industry insights
2.1.2.2 Key data from primary sources
2.1.2.3 Market data from primary sources
2.1.2.4 Breakdown of primaries
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.2 MACROECONOMIC INDICATORS
2.2.1 INTRODUCTION
2.2.2 MARKET SIZE ESTIMATION
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION METHODOLOGY
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 8 VITAMIN B3 MARKET, BY FORM, 2020 VS. 2025 (USD MILLION)
FIGURE 9 VITAMIN B3 MARKET, BY TYPE, 2020 VS. 2025 (USD MILLION)
FIGURE 10 VITAMIN B3 MARKET, BY SOURCE, 2025-P (%)
FIGURE 11 VITAMIN B3 MARKET, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
FIGURE 12 ASIA PACIFIC DOMINATED THE VITAMIN B3 MARKET IN 2019
4 PREMIUM INSIGHTS
4.1 BRIEF OVERVIEW OF THE VITAMIN B3 MARKET
FIGURE 13 INCREASE IN DEMAND FOR NUTRITIONAL FOOD & BEVERAGE PRODUCTS DRIVING THE DEMAND FOR VITAMIN B3
4.2 ASIA PACIFIC: VITAMIN B3 MARKET, BY KEY APPLICATION & COUNTRY
FIGURE 14 ASIA PACIFIC: INDIA ACCOUNTED FOR THE LARGEST MARKET FOR VITAMIN B3 IN 2019
4.3 VITAMIN B3 MARKET, BY APPLICATION
FIGURE 15 VITAMIN B3 IS WIDELY USED IN NUTRITION APPLICATIONS
4.4 VITAMIN B3 MARKET, BY COUNTRY
FIGURE 16 INDIA IS PROJECTED TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET DURING THE FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
FIGURE 17 INCREASING DEMAND FOR FUNCTIONAL AND NUTRITIONALLY ENRICHED PROCESSED FOOD PRODUCTS TO DRIVE THE VITAMIN B3 MARKET
5.1.1 DRIVERS
5.1.1.1 Growth in demand for functional and nutritionally enriched processed food products
5.1.1.2 Feed fortification due to a rise in global meat & dairy product consumption
5.1.1.3 Prevalence of vitamin B3 deficiency
5.1.2 RESTRAINTS
5.1.2.1 Establishment of regulatory control on supplement usage limit
5.1.3 OPPORTUNITIES
5.1.3.1 Increased demand for nutrition supplements for monogastric animals
5.1.4 CHALLENGES
5.1.4.1 Environmental impact resulting in changes in regulatory policies
5.1.4.2 Scarcity of ingredients and price sensitivity
5.2 SUPPLY CHAIN ANALYSIS
FIGURE 18 SUPPLY CHAIN ANALYSIS
5.3 REGULATORY SCENARIO
5.4 COVID-19 IMPACT
5.5 CASE STUDIES
5.5.1 MNM HELPED A LEADING VITAMIN B3 PROVIDING PARTNER WITH A PROMINENT FEED PRODUCING COMPANY TO TARGET A PROJECTED REVENUE OF USD 200 MILLION OVER THREE YEARS
5.5.2 MNM HELPED A LEADING CONSUMER CARE MANUFACTURER ACQUIRE A VITAMIN B3 PROVIDER TO MEET THE RISING CONSUMER DEMAND
5.6 MARKET ECOSYSTEM
6 VITAMIN B3 MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 19 NUTRITIONAL GRADE SEGMENT TO EXHIBIT THE HIGHEST GROWTH DURING THE FORECAST PERIOD
TABLE 2 VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 3 VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILO TONS)
6.1.1 FEED GRADE
6.1.1.1 Benefits associated with feed grade vitamin B3 expected to fuel market demand
TABLE 4 FEED GRADE: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 5 FEED GRADE: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
6.1.2 NUTRITIONAL GRADE
6.1.2.1 Rising demand for nutritionally fortified products to increase the demand for vitamin B3
TABLE 6 NUTRITIONAL GRADE: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 7 NUTRITIONAL GRADE: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
7 VITAMIN B3 MARKET, BY FORM
7.1 INTRODUCTION
FIGURE 20 DRY FORM TO EXHIBIT THE HIGHEST GROWTH DURING THE
FORECAST PERIOD
TABLE 8 VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
TABLE 9 VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS)
7.2 DRY
7.2.1 INCREASE IN METABOLISM, MAINTENANCE OF IMMUNITY, AND DIGESTIVE HEALTH LEADING TO THE DOMINANCE OF THE DRY SEGMENT
TABLE 10 DRY: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 11 DRY: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
7.3 LIQUID
7.3.1 OVERALL HEALTH SUPPLEMENTATION AND IMPROVED PHYSICAL CONDITION BOOSTING THE MARKET DEMAND FOR VITAMIN B3
TABLE 12 LIQUID: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 13 LIQUID: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
8 VITAMIN B3 MARKET, BY SOURCE
8.1 INTRODUCTION
FIGURE 21 SYNTHETIC SOURCE SEGMENT TO EXHIBIT THE HIGHEST GROWTH DURING THE FORECAST PERIOD
TABLE 14 VITAMIN B3 MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
TABLE 15 VITAMIN B3 MARKET SIZE, BY SOURCE, 2018–2025 (KILO TONS)
8.2 SYNTHETIC
TABLE 16 VITAMIN B3 MARKET SIZE FOR SYNTHETIC SOURCES, BY REGION, 2018–2025 (USD MILLIONS)
TABLE 17 VITAMIN B3 MARKET SIZE FOR SYNTHETIC SOURCES, BY REGION, 2018–2025 (KILO TONS)
8.3 NATURAL
TABLE 18 VITAMIN B3 MARKET SIZE FOR NATURAL SOURCES, BY REGION, 2018–2025 (USD MILLION)
TABLE 19 VITAMIN B3 MARKET SIZE FOR NATURAL SOURCES, BY REGION, 2018–2025 (KILO TONS)
9 VITAMIN B3 MARKET, BY APPLICATION
9.1 INTRODUCTION
FIGURE 22 PHARMACEUTICAL APPLICATION SEGMENT TO EXHIBIT THE HIGHEST GROWTH DURING THE FORECAST PERIOD
TABLE 20 VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 21 VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (KILO TONS)
9.2 NUTRITION
9.2.1 ANIMAL NUTRITION
9.2.2 HUMAN NUTRITION
TABLE 22 NUTRITION: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 23 NUTRITION: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
9.3 AGROCHEMICALS
TABLE 24 AGROCHEMICALS: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 25 AGROCHEMICALS: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
9.4 CONSUMER
TABLE 26 CONSUMER: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 27 CONSUMER: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
9.5 PHARMACEUTICAL
TABLE 28 PHARMACEUTICAL: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 29 PHARMACEUTICAL: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
9.6 OTHER APPLICATIONS
TABLE 30 OTHER APPLICATIONS: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 31 OTHER APPLICATIONS: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
10 VITAMIN B3 MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 23 INDIA ACCOUNTED FOR THE MAJOR MARKET SHARE IN THE
VITAMIN B3 MARKET
TABLE 32 VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 33 VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
10.2 NORTH AMERICA
FIGURE 24 US TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET
TABLE 34 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 35 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY COUNTRY, 2018-2025 (KILO TONS)
TABLE 36 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY FORM, 2018–2025 (USD MILLION)
TABLE 37 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS)
TABLE 38 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 39 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILO TONS)
TABLE 40 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
TABLE 41 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (KILO TONS)
TABLE 42 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY APPLICATIONS, 2018–2025 (USD MILLION)
TABLE 43 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY APPLICATIONS, 2018-2025 (KILO TONS)
10.2.1 US
10.2.1.1 The US market for Vitamin B3 driven by the pharmaceutical and health care applications
TABLE 44 US: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 45 US: VITAMIN B3 MARKET SIZE, SOURCE, 2018-2025 (USD MILLION)
10.2.2 CANADA
10.2.2.1 Players in the country are investing heavily in R&D, which opens prospects for the growth of Vitamin B3
TABLE 46 CANADA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 47 CANADA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.2.3 MEXICO
10.2.3.1 High consumption of junk food giving rise to health awareness among the consumers
TABLE 48 MEXICO: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 49 MEXICO: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3 EUROPE
FIGURE 25 ITALY TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET
TABLE 50 EUROPE: VITAMIN B3 MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 51 VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILOTONS)
TABLE 52 EUROPE: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
TABLE 53 EUROPE: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS)
TABLE 54 EUROPE: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 55 EUROPE: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILO TONS)
TABLE 56 EUROPE: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
TABLE 57 VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (KILO TONS)
TABLE 58 EUROPE: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 59 EUROPE: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (KILO TONS)
10.3.1 FRANCE
10.3.1.1 Government initiatives benefitting vitamin b3 manufacturers and propelling market growth
TABLE 60 FRANCE: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 61 FRANCE: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3.2 GERMANY
10.3.2.1 Increase in cases of diabetes, high blood pressure, and cholesterol and a rise in the aging population boosting the demand for
Vitamin B3
TABLE 62 GERMANY: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 63 GERMANY: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3.3 UK
10.3.3.1 Increase in the number of nutritional products and health supplement manufacturers
TABLE 64 UK: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 65 UK: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3.4 SPAIN
10.3.4.1 Upsurge in the consumption of meat and poultry fueling the demand for vitamin B3 in the animal feed segment
TABLE 66 SPAIN: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 67 SPAIN: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3.5 ITALY
10.3.5.1 The vitamin B3 market is driven by the demand for nutritional supplements and nutraceutical products in the form of
functional foods
TABLE 68 ITALY: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 69 ITALY: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3.6 REST OF EUROPE
TABLE 70 REST OF EUROPE: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 71 REST OF EUROPE: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
10.4 ASIA PACIFIC
FIGURE 26 INDIA TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET
TABLE 72 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 73 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY COUNTRY, 2018-2025 (KILO TONS)
TABLE 74 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
TABLE 75 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS)
TABLE 76 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 77 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILO TONS)
TABLE 78 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
TABLE 79 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (KILO TONS)
TABLE 80 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 81 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTONS)
10.4.1 INDIA
10.4.1.1 Rising demand for vitamin b3 owing to the growing demand for healthier food & beverages and preventive healthcare products
TABLE 82 INDIA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 83 INDIA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.4.2 CHINA
10.4.2.1 Increased demand for high-quality functional foods fueling the demand for vitamin B3
TABLE 84 CHINA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 85 CHINA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.4.3 JAPAN
10.4.3.1 Significant demand for nutrient-enriched products
TABLE 86 JAPAN: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 87 JAPAN: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.4.4 REST OF ASIA PACIFIC
10.4.4.1 Increased spending by consumers on healthcare and food & beverage products to compensate for vitamin deficiencies
TABLE 88 REST OF ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 89 REST OF ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.5 ROW
TABLE 90 ROW: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 91 ROW: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILOTONS)
TABLE 92 ROW: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
TABLE 93 ROW: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS)
TABLE 94 ROW: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 95 ROW: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILOTONS)
TABLE 96 ROW: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
TABLE 97 ROW: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (KILOTONS)
TABLE 98 ROW: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 99 ROW: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTONS)
10.5.1 MIDDLE EAST
10.5.1.1 Growth opportunities for domestic as well as international food & beverage processing players
TABLE 100 MIDDLE EAST: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 101 MIDDLE EAST: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.5.2 AFRICA
10.5.2.1 Westernization of diets leading to health concerns
TABLE 102 AFRICA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 103 AFRICA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 MARKET EVALUATION FRAMEWORK
FIGURE 27 MARKET EVALUATION FRAMEWORK, 2018–2020
11.3 MARKET SHARE OF KEY PLAYERS, 2019
FIGURE 28 LONZA GROUP AG LED THE NATURAL FOOD COLORS MARKET IN 2019
FIGURE 29 VITAMIN B3, MARKET SHARE ANALYSIS, 2019
11.4 KEY MARKET DEVELOPMENTS
11.4.1 AGREEMENTS & COLLABORATIONS
TABLE 104 AGREEMENTS & COLLABORATIONS, 2019–2020
11.4.2 MERGERS & ACQUISITIONS
TABLE 105 MERGERS & ACQUISITIONS, 2019-2020
11.4.3 JOINT VENTURES, AGREEMENTS, AND PARTNERSHIPS
TABLE 106 JOINT VENTURES, COLLABORATIONS, AND PARTNERSHIPS, 2019-2020
12 COMPANY EVALUATION MATRIX AND COMPANY PROFILES
12.1 INTRODUCTION
12.2 COMPETITIVE LEADERSHIP MAPPING
12.2.1 STAR
12.2.2 EMERGING LEADERS
12.2.3 PERVASIVE
12.2.4 EMERGING COMPANIES
FIGURE 30 VITAMIN B3 MARKET COMPETITIVE LEADERSHIP MAPPING, 2019 (OVERALL MARKET)
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
12.3 LONZA GROUP AG
FIGURE 31 LONZA GROUP AG.: COMPANY SNAPSHOT
FIGURE 32 LONZA GROUP AG.: SWOT ANALYSIS
12.4 JUBILANT LIFE SCIENCES LIMITED.
FIGURE 33 JUBILANT LIFE SCIENCES LIMITED.: COMPANY SNAPSHOT
FIGURE 34 JUBILANT LIFE SCIENCES LIMITED.: SWOT ANALYSIS
12.5 SHANDONG HONGDA BIOTECHNOLOGY CO., LTD.
FIGURE 35 SHANDONG HONGDA BIOTECHNOLOGY CO., LTD.: SWOT ANALYSIS
12.6 VERTELLUS
FIGURE 36 VERTELLUS: SWOT ANALYSIS
12.7 JIANGSU BROTHER VITAMIN CO. LTD.
FIGURE 37 JIANGSU BROTHER VITAMIN CO.: SWOT ANALYSIS
12.8 DSM
FIGURE 38 DSM.: COMPANY SNAPSHOT
12.9 VANETTA LTD.
12.10 LASONS INDIA
12.11 ZHEJIANG LANBO BIOTECHNOLOGY
12.12 TIANJIN ZHONGRUI PHARMACEUTICAL
12.13 FOODCHEM
12.14 NUTRASCIENCE LABS
12.15 GEHRING MONTGOMERY, INC.
12.16 THE CHEMICAL CO.
12.17 YUKI GOSEI KOGYO CO., LTD.
FIGURE 39 YUKI GOSEI KOGYO CO., LTD: COMPANY SNAPSHOT
12.18 ZHEJIANG CHEMVPLUS BIOTECH CO., LTD.
12.19 ISHITA DRUGS & INDUSTRIES
FIGURE 40 ISHITA DRUGS & INDUSTRIES: COMPANY SNAPSHOT
12.20 THE WESTERN DRUGS LTD.
12.21 SPECTRUM CHEMICAL MFG. CORP
12.22 GLNBIA PLC
FIGURE 41 GLANBIA PLC.: COMPANY SNAPSHOT
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
1.1 OBJECTIVES OF THE STUDY
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
FIGURE 1 VITAMIN B3: MARKET SEGMENTATION
FIGURE 2 REGIONAL SEGMENTATION
1.4 PERIODIZATION CONSIDERED
1.5 CURRENCY CONSIDERED
TABLE 1 USD EXCHANGE RATE, 2017–2019
1.6 STAKEHOLDERS
1.7 INCLUSIONS & EXCLUSIONS
2 RESEARCH METHODOLOGY
2.1 RESEARCH DATA
FIGURE 3 RESEARCH DESIGN
2.1.1 SECONDARY RESEARCH
2.1.2 PRIMARY RESEARCH
2.1.2.1 Key industry insights
2.1.2.2 Key data from primary sources
2.1.2.3 Market data from primary sources
2.1.2.4 Breakdown of primaries
FIGURE 4 BREAKDOWN OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
2.2 MACROECONOMIC INDICATORS
2.2.1 INTRODUCTION
2.2.2 MARKET SIZE ESTIMATION
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: TOP-UP APPROACH
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-DOWN APPROACH
2.3 MARKET BREAKDOWN & DATA TRIANGULATION
FIGURE 7 DATA TRIANGULATION METHODOLOGY
2.4 RESEARCH ASSUMPTIONS
2.5 LIMITATIONS
3 EXECUTIVE SUMMARY
FIGURE 8 VITAMIN B3 MARKET, BY FORM, 2020 VS. 2025 (USD MILLION)
FIGURE 9 VITAMIN B3 MARKET, BY TYPE, 2020 VS. 2025 (USD MILLION)
FIGURE 10 VITAMIN B3 MARKET, BY SOURCE, 2025-P (%)
FIGURE 11 VITAMIN B3 MARKET, BY APPLICATION, 2020 VS. 2025 (USD MILLION)
FIGURE 12 ASIA PACIFIC DOMINATED THE VITAMIN B3 MARKET IN 2019
4 PREMIUM INSIGHTS
4.1 BRIEF OVERVIEW OF THE VITAMIN B3 MARKET
FIGURE 13 INCREASE IN DEMAND FOR NUTRITIONAL FOOD & BEVERAGE PRODUCTS DRIVING THE DEMAND FOR VITAMIN B3
4.2 ASIA PACIFIC: VITAMIN B3 MARKET, BY KEY APPLICATION & COUNTRY
FIGURE 14 ASIA PACIFIC: INDIA ACCOUNTED FOR THE LARGEST MARKET FOR VITAMIN B3 IN 2019
4.3 VITAMIN B3 MARKET, BY APPLICATION
FIGURE 15 VITAMIN B3 IS WIDELY USED IN NUTRITION APPLICATIONS
4.4 VITAMIN B3 MARKET, BY COUNTRY
FIGURE 16 INDIA IS PROJECTED TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET DURING THE FORECAST PERIOD
5 MARKET OVERVIEW
5.1 INTRODUCTION
FIGURE 17 INCREASING DEMAND FOR FUNCTIONAL AND NUTRITIONALLY ENRICHED PROCESSED FOOD PRODUCTS TO DRIVE THE VITAMIN B3 MARKET
5.1.1 DRIVERS
5.1.1.1 Growth in demand for functional and nutritionally enriched processed food products
5.1.1.2 Feed fortification due to a rise in global meat & dairy product consumption
5.1.1.3 Prevalence of vitamin B3 deficiency
5.1.2 RESTRAINTS
5.1.2.1 Establishment of regulatory control on supplement usage limit
5.1.3 OPPORTUNITIES
5.1.3.1 Increased demand for nutrition supplements for monogastric animals
5.1.4 CHALLENGES
5.1.4.1 Environmental impact resulting in changes in regulatory policies
5.1.4.2 Scarcity of ingredients and price sensitivity
5.2 SUPPLY CHAIN ANALYSIS
FIGURE 18 SUPPLY CHAIN ANALYSIS
5.3 REGULATORY SCENARIO
5.4 COVID-19 IMPACT
5.5 CASE STUDIES
5.5.1 MNM HELPED A LEADING VITAMIN B3 PROVIDING PARTNER WITH A PROMINENT FEED PRODUCING COMPANY TO TARGET A PROJECTED REVENUE OF USD 200 MILLION OVER THREE YEARS
5.5.2 MNM HELPED A LEADING CONSUMER CARE MANUFACTURER ACQUIRE A VITAMIN B3 PROVIDER TO MEET THE RISING CONSUMER DEMAND
5.6 MARKET ECOSYSTEM
6 VITAMIN B3 MARKET, BY TYPE
6.1 INTRODUCTION
FIGURE 19 NUTRITIONAL GRADE SEGMENT TO EXHIBIT THE HIGHEST GROWTH DURING THE FORECAST PERIOD
TABLE 2 VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 3 VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILO TONS)
6.1.1 FEED GRADE
6.1.1.1 Benefits associated with feed grade vitamin B3 expected to fuel market demand
TABLE 4 FEED GRADE: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 5 FEED GRADE: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
6.1.2 NUTRITIONAL GRADE
6.1.2.1 Rising demand for nutritionally fortified products to increase the demand for vitamin B3
TABLE 6 NUTRITIONAL GRADE: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 7 NUTRITIONAL GRADE: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
7 VITAMIN B3 MARKET, BY FORM
7.1 INTRODUCTION
FIGURE 20 DRY FORM TO EXHIBIT THE HIGHEST GROWTH DURING THE
FORECAST PERIOD
TABLE 8 VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
TABLE 9 VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS)
7.2 DRY
7.2.1 INCREASE IN METABOLISM, MAINTENANCE OF IMMUNITY, AND DIGESTIVE HEALTH LEADING TO THE DOMINANCE OF THE DRY SEGMENT
TABLE 10 DRY: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 11 DRY: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
7.3 LIQUID
7.3.1 OVERALL HEALTH SUPPLEMENTATION AND IMPROVED PHYSICAL CONDITION BOOSTING THE MARKET DEMAND FOR VITAMIN B3
TABLE 12 LIQUID: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 13 LIQUID: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
8 VITAMIN B3 MARKET, BY SOURCE
8.1 INTRODUCTION
FIGURE 21 SYNTHETIC SOURCE SEGMENT TO EXHIBIT THE HIGHEST GROWTH DURING THE FORECAST PERIOD
TABLE 14 VITAMIN B3 MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
TABLE 15 VITAMIN B3 MARKET SIZE, BY SOURCE, 2018–2025 (KILO TONS)
8.2 SYNTHETIC
TABLE 16 VITAMIN B3 MARKET SIZE FOR SYNTHETIC SOURCES, BY REGION, 2018–2025 (USD MILLIONS)
TABLE 17 VITAMIN B3 MARKET SIZE FOR SYNTHETIC SOURCES, BY REGION, 2018–2025 (KILO TONS)
8.3 NATURAL
TABLE 18 VITAMIN B3 MARKET SIZE FOR NATURAL SOURCES, BY REGION, 2018–2025 (USD MILLION)
TABLE 19 VITAMIN B3 MARKET SIZE FOR NATURAL SOURCES, BY REGION, 2018–2025 (KILO TONS)
9 VITAMIN B3 MARKET, BY APPLICATION
9.1 INTRODUCTION
FIGURE 22 PHARMACEUTICAL APPLICATION SEGMENT TO EXHIBIT THE HIGHEST GROWTH DURING THE FORECAST PERIOD
TABLE 20 VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 21 VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (KILO TONS)
9.2 NUTRITION
9.2.1 ANIMAL NUTRITION
9.2.2 HUMAN NUTRITION
TABLE 22 NUTRITION: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 23 NUTRITION: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
9.3 AGROCHEMICALS
TABLE 24 AGROCHEMICALS: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 25 AGROCHEMICALS: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
9.4 CONSUMER
TABLE 26 CONSUMER: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 27 CONSUMER: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
9.5 PHARMACEUTICAL
TABLE 28 PHARMACEUTICAL: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 29 PHARMACEUTICAL: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
9.6 OTHER APPLICATIONS
TABLE 30 OTHER APPLICATIONS: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 31 OTHER APPLICATIONS: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
10 VITAMIN B3 MARKET, BY REGION
10.1 INTRODUCTION
FIGURE 23 INDIA ACCOUNTED FOR THE MAJOR MARKET SHARE IN THE
VITAMIN B3 MARKET
TABLE 32 VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 33 VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILO TONS)
10.2 NORTH AMERICA
FIGURE 24 US TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET
TABLE 34 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY COUNTRY, 2018–2025 (USD MILLION)
TABLE 35 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY COUNTRY, 2018-2025 (KILO TONS)
TABLE 36 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY FORM, 2018–2025 (USD MILLION)
TABLE 37 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS)
TABLE 38 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018–2025 (USD MILLION)
TABLE 39 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILO TONS)
TABLE 40 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
TABLE 41 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (KILO TONS)
TABLE 42 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY APPLICATIONS, 2018–2025 (USD MILLION)
TABLE 43 NORTH AMERICA: VITAMIN B3 MARKET SIZE, BY APPLICATIONS, 2018-2025 (KILO TONS)
10.2.1 US
10.2.1.1 The US market for Vitamin B3 driven by the pharmaceutical and health care applications
TABLE 44 US: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 45 US: VITAMIN B3 MARKET SIZE, SOURCE, 2018-2025 (USD MILLION)
10.2.2 CANADA
10.2.2.1 Players in the country are investing heavily in R&D, which opens prospects for the growth of Vitamin B3
TABLE 46 CANADA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 47 CANADA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.2.3 MEXICO
10.2.3.1 High consumption of junk food giving rise to health awareness among the consumers
TABLE 48 MEXICO: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 49 MEXICO: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3 EUROPE
FIGURE 25 ITALY TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET
TABLE 50 EUROPE: VITAMIN B3 MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 51 VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILOTONS)
TABLE 52 EUROPE: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
TABLE 53 EUROPE: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS)
TABLE 54 EUROPE: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 55 EUROPE: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILO TONS)
TABLE 56 EUROPE: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
TABLE 57 VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (KILO TONS)
TABLE 58 EUROPE: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 59 EUROPE: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (KILO TONS)
10.3.1 FRANCE
10.3.1.1 Government initiatives benefitting vitamin b3 manufacturers and propelling market growth
TABLE 60 FRANCE: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 61 FRANCE: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3.2 GERMANY
10.3.2.1 Increase in cases of diabetes, high blood pressure, and cholesterol and a rise in the aging population boosting the demand for
Vitamin B3
TABLE 62 GERMANY: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 63 GERMANY: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3.3 UK
10.3.3.1 Increase in the number of nutritional products and health supplement manufacturers
TABLE 64 UK: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 65 UK: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3.4 SPAIN
10.3.4.1 Upsurge in the consumption of meat and poultry fueling the demand for vitamin B3 in the animal feed segment
TABLE 66 SPAIN: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 67 SPAIN: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3.5 ITALY
10.3.5.1 The vitamin B3 market is driven by the demand for nutritional supplements and nutraceutical products in the form of
functional foods
TABLE 68 ITALY: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 69 ITALY: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.3.6 REST OF EUROPE
TABLE 70 REST OF EUROPE: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 71 REST OF EUROPE: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018–2025 (USD MILLION)
10.4 ASIA PACIFIC
FIGURE 26 INDIA TO GROW AT THE HIGHEST CAGR IN THE VITAMIN B3 MARKET
TABLE 72 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY COUNTRY, 2018-2025 (USD MILLION)
TABLE 73 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY COUNTRY, 2018-2025 (KILO TONS)
TABLE 74 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
TABLE 75 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS)
TABLE 76 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 77 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILO TONS)
TABLE 78 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
TABLE 79 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (KILO TONS)
TABLE 80 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 81 ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTONS)
10.4.1 INDIA
10.4.1.1 Rising demand for vitamin b3 owing to the growing demand for healthier food & beverages and preventive healthcare products
TABLE 82 INDIA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 83 INDIA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.4.2 CHINA
10.4.2.1 Increased demand for high-quality functional foods fueling the demand for vitamin B3
TABLE 84 CHINA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 85 CHINA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.4.3 JAPAN
10.4.3.1 Significant demand for nutrient-enriched products
TABLE 86 JAPAN: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 87 JAPAN: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.4.4 REST OF ASIA PACIFIC
10.4.4.1 Increased spending by consumers on healthcare and food & beverage products to compensate for vitamin deficiencies
TABLE 88 REST OF ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 89 REST OF ASIA PACIFIC: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.5 ROW
TABLE 90 ROW: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (USD MILLION)
TABLE 91 ROW: VITAMIN B3 MARKET SIZE, BY REGION, 2018-2025 (KILOTONS)
TABLE 92 ROW: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (USD MILLION)
TABLE 93 ROW: VITAMIN B3 MARKET SIZE, BY FORM, 2018-2025 (KILO TONS)
TABLE 94 ROW: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 95 ROW: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (KILOTONS)
TABLE 96 ROW: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
TABLE 97 ROW: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (KILOTONS)
TABLE 98 ROW: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (USD MILLION)
TABLE 99 ROW: VITAMIN B3 MARKET SIZE, BY APPLICATION, 2018-2025 (KILOTONS)
10.5.1 MIDDLE EAST
10.5.1.1 Growth opportunities for domestic as well as international food & beverage processing players
TABLE 100 MIDDLE EAST: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 101 MIDDLE EAST: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
10.5.2 AFRICA
10.5.2.1 Westernization of diets leading to health concerns
TABLE 102 AFRICA: VITAMIN B3 MARKET SIZE, BY TYPE, 2018-2025 (USD MILLION)
TABLE 103 AFRICA: VITAMIN B3 MARKET SIZE, BY SOURCE, 2018-2025 (USD MILLION)
11 COMPETITIVE LANDSCAPE
11.1 INTRODUCTION
11.2 MARKET EVALUATION FRAMEWORK
FIGURE 27 MARKET EVALUATION FRAMEWORK, 2018–2020
11.3 MARKET SHARE OF KEY PLAYERS, 2019
FIGURE 28 LONZA GROUP AG LED THE NATURAL FOOD COLORS MARKET IN 2019
FIGURE 29 VITAMIN B3, MARKET SHARE ANALYSIS, 2019
11.4 KEY MARKET DEVELOPMENTS
11.4.1 AGREEMENTS & COLLABORATIONS
TABLE 104 AGREEMENTS & COLLABORATIONS, 2019–2020
11.4.2 MERGERS & ACQUISITIONS
TABLE 105 MERGERS & ACQUISITIONS, 2019-2020
11.4.3 JOINT VENTURES, AGREEMENTS, AND PARTNERSHIPS
TABLE 106 JOINT VENTURES, COLLABORATIONS, AND PARTNERSHIPS, 2019-2020
12 COMPANY EVALUATION MATRIX AND COMPANY PROFILES
12.1 INTRODUCTION
12.2 COMPETITIVE LEADERSHIP MAPPING
12.2.1 STAR
12.2.2 EMERGING LEADERS
12.2.3 PERVASIVE
12.2.4 EMERGING COMPANIES
FIGURE 30 VITAMIN B3 MARKET COMPETITIVE LEADERSHIP MAPPING, 2019 (OVERALL MARKET)
(Business overview, Products offered, Recent Developments, SWOT analysis, MNM view)*
12.3 LONZA GROUP AG
FIGURE 31 LONZA GROUP AG.: COMPANY SNAPSHOT
FIGURE 32 LONZA GROUP AG.: SWOT ANALYSIS
12.4 JUBILANT LIFE SCIENCES LIMITED.
FIGURE 33 JUBILANT LIFE SCIENCES LIMITED.: COMPANY SNAPSHOT
FIGURE 34 JUBILANT LIFE SCIENCES LIMITED.: SWOT ANALYSIS
12.5 SHANDONG HONGDA BIOTECHNOLOGY CO., LTD.
FIGURE 35 SHANDONG HONGDA BIOTECHNOLOGY CO., LTD.: SWOT ANALYSIS
12.6 VERTELLUS
FIGURE 36 VERTELLUS: SWOT ANALYSIS
12.7 JIANGSU BROTHER VITAMIN CO. LTD.
FIGURE 37 JIANGSU BROTHER VITAMIN CO.: SWOT ANALYSIS
12.8 DSM
FIGURE 38 DSM.: COMPANY SNAPSHOT
12.9 VANETTA LTD.
12.10 LASONS INDIA
12.11 ZHEJIANG LANBO BIOTECHNOLOGY
12.12 TIANJIN ZHONGRUI PHARMACEUTICAL
12.13 FOODCHEM
12.14 NUTRASCIENCE LABS
12.15 GEHRING MONTGOMERY, INC.
12.16 THE CHEMICAL CO.
12.17 YUKI GOSEI KOGYO CO., LTD.
FIGURE 39 YUKI GOSEI KOGYO CO., LTD: COMPANY SNAPSHOT
12.18 ZHEJIANG CHEMVPLUS BIOTECH CO., LTD.
12.19 ISHITA DRUGS & INDUSTRIES
FIGURE 40 ISHITA DRUGS & INDUSTRIES: COMPANY SNAPSHOT
12.20 THE WESTERN DRUGS LTD.
12.21 SPECTRUM CHEMICAL MFG. CORP
12.22 GLNBIA PLC
FIGURE 41 GLANBIA PLC.: COMPANY SNAPSHOT
*Details on Business overview, Products offered, Recent Developments, SWOT analysis, MNM view might not be captured in case of unlisted companies.
13 APPENDIX
13.1 DISCUSSION GUIDE
13.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
13.3 AVAILABLE CUSTOMIZATIONS
13.4 RELATED REPORTS
13.5 AUTHOR DETAILS
