Global Niacin (Vitamin B3) Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
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.
Scope of the Report:
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.
In global market, the production of vitamin B3 increases from 56520 MT in 2012 to 71192 MT in 2016. In 2016, the global Vitamin B3 market is led by China, capturing about 37.09% of global Vitamin B3 production. Europe is the second-largest region-wise market with31.57% global production share.
At present, the major manufacturers of Vitamin B3 are concentrated in Lonza, Jubilant Life Sciences, Vertellus, Brother Enterprises, Zhejiang Lanbo Biotechnology, Lasons India,Vanetta,DSM,Tianjin Zhongrui Pharmaceutical and Resonance Specialties . Lonza is the world leader, holding 47.21% production market share in 2016. 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. At present, Lonza has 25,000 ton production capacity in China (10000 ton production line in 2005 and 25,000 ton production line in 2014).
Europe was the largest consumption market for Vitamin B3, with volume exceeding 23923 MT in 2016. In addition, Asia Pacific is also expected to witness fastest growth.
In application, Vitamin B3 downstream is wide and recently Vitamin B3 has acquired increasing significance in various fields of Feed Additives， Pharmaceuticals and Cosmetics and Food and Beverage. Globally, the Vitamin B3 market is mainly driven by growing demand for Feed Additives which accounts for nearly 69.37% of total downstream consumption of Vitamin B3 in global. In type, Vitamin B3 can be divided into feed grade and Pharmaceutical Grade. Feed grade is the largest type, holding about 92.5% share.
In the future, global market is expected to witness significant growth on account of rising applications, so in the next few years, Vitamin B3 production will show a trend of steady growth. In 2023 the production of Vitamin B3 is estimated to be 93952 MT. China is the world's largest producer of vitamins. In 2017, the price of Chinese vitamin B3 rose by about 40% due to the rising price of raw materials and environmental policy. In the next few years, the price is expected to fall.
The worldwide market for Niacin (Vitamin B3) is expected to grow at a CAGR of roughly 0.1% over the next five years, will reach 650 million US$ in 2023, from 640 million US$ in 2017, according to a new GIR (Global Info Research) study.
Market Segment by Manufacturers, this report covers
Jubilant Life Sciences
Zhejiang Lanbo Biotechnology
Tianjin Zhongrui Pharmaceutical
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Market Segment by Applications, can be divided into
Food and Drinks Industry
There are 15 Chapters to deeply display the global Niacin (Vitamin B3) market.
Chapter 1, to describe Niacin (Vitamin B3) Introduction, product scope, market overview, market opportunities, market risk, market driving force;
Chapter 2, to analyze the top manufacturers of Niacin (Vitamin B3), with sales, revenue, and price of Niacin (Vitamin B3), in 2016 and 2017;
Chapter 3, to display the competitive situation among the top manufacturers, with sales, revenue and market share in 2016 and 2017;
Chapter 4, to show the global market by regions, with sales, revenue and market share of Niacin (Vitamin B3), for each region, from 2013 to 2018;
Chapter 5, 6, 7, 8 and 9, to analyze the market by countries, by type, by application and by manufacturers, with sales, revenue and market share by key countries in these regions;
Chapter 10 and 11, to show the market by type and application, with sales market share and growth rate by type, application, from 2013 to 2018;
Chapter 12, Niacin (Vitamin B3) market forecast, by regions, type and application, with sales and revenue, from 2018 to 2023;
Chapter 13, 14 and 15, to describe Niacin (Vitamin B3) sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook