New York, NY -- (SBWIRE) -- 02/08/2021 -- Global Niacinamide Market Report 2020 by Types, Applications, Manufacturers, and Regions, Forecast to 2027 includes an analysis of the growth factors and the current business landscape across various regions. The report gives a thorough analysis of the key elements impacting the global Niacinamide market scenario. The report assesses market shares, supply chain, market trends, leading players, revenue, market size, and major products and applications. Niacinamide is a form of vitamin B-3, an essential nutrient. It is also known as nicotinamide, which is used to prevent vitamin B-3 deficiency in the human body. The deficiency of vitamin B-3 can lead to disorders related to the skin, kidneys, and brain. It is generally used to maintain and enhance skin health. The global niacinamide market is forecast to grow at a CAGR of 2.6% from 2019 to reach USD 788.8 Million by 2027.

The study encompasses market drivers, restraints, opportunities, and risks existing in the market. The research encompasses an accurate competitive analysis of major market players and their strategies during the projection timeline. The study offers an industry-wide competitive landscape, elaborating on expansion tactics adopted by major competitors in the business.

The report includes the latest coverage of the impact of COVID-19 on the Niacinamide industry. The incidence has affected nearly every aspect of the business domain. This study evaluates the current scenario and predicts future outcomes of the pandemic on the global economy.

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Market Drivers
Niacinamide is used extensively in industries for manufacturing processes, which includes cosmeceutical, pharmaceutical, metal brighteners, animal nutrition, and metal plating industries. The rapid growth of these industries is the key factor driving the global niacinamide market growth. It is also used as a dietary product. With the increasing number of diabetes and coronary disease cases, the demand for the addition of nutritional value to the product is expected to drive the market growth. The changing lifestyle and rapid urbanisation have led to different new food habits around the globe that increases vitamin deficiency in people, and the need for better food supplements is growing significantly. Niacinamide is mainly used in bakery products, cereals, and beverages. With the ability to cure skin cancer, niacinamide is used in different skin care products, which, in turn, is a key factor boosting the growth of the global niacinamide market.

The report provides the manufacturers' revenue generated, growth rate, and profit margin through pictorial representation like graphs, tables, and charts. Recent developments in the sector, like mergers & acquisitions, new product/service launch, strategic alliances, and collaborations, among others, are also discussed. The product portfolio has also been studied in the report, with the Niacinamide market share occupied by leading products. The earnings from the application segments and sales estimates during the forecast duration are also provided in the report. Company profiling by evaluating key elements like financial standing, market position, product pipeline, and technological adoption are also discussed.

The study profiles prominent companies in the industry, including Lonza Group, Vertellus, Vanetta, Zhejiang Lanbo Biotechnology, Foodchem International Corporation.

Based on Form, the market is segmented into Granular, Powder, Liquid, Others.

Based on end use/application, the market is segmented into Pharmaceuticals, Cosmeceutical, Human Nutrition, Animal Nutrition, Others

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Regional landscape
Europe dominates the global niacinamide market with a sizable market share owing to the increasing number of obesity cases in this region. The rise in consumption of chocolates and soft drinks has led to the rise of obesity cases, which is boosting the demand for niacinamide as a food supplement. Asia Pacific is expanding as a market for niacinamide, providing more growth opportunities in the forecast period.

Furthermore, the report examines the regulatory policies, revenue, market channels, market volume, raw material suppliers, customer preferences, and demand and supply ratio across the global business. The report outlines the market concentration in the leading regions and their share in the global industry. The leading geographies mapped in the report are North America (United States, Canada, and Mexico), Europe (Germany, France, UK, Russia, and Italy), Asia-Pacific (China, Japan, Korea, India, and Southeast Asia), Latin America (Brazil, Argentina, etc.), and Middle East & Africa (Saudi Arabia, Egypt, Nigeria, and South Africa)

Key highlights of the regional assessment:
This report discusses the top producers and consumers in these regions
The study entails an evaluation of prevalent pricing strategies, distribution channels, and demand in the leading geographies.
The study includes the product consumption rate in the regions, along with their consumption market share.
The Niacinamide market consumption rate in the leading regions based on the major products and applications is detailed in the report.
It contains an extensive regional analysis that highlights key manufacturers based on their market presence and consumer bases.

Report Customization:
The report can be customized according to client requirements to include particular segments or regions. The Niacinamide Market report delivers the latest economic scenario with the drivers, restraints, production capacity, demand and supply, market growth rate, and others. Additionally, the report also undertakes SWOT examination, speculation attainability investigation, and venture return investigation.

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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

Continued….

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