Upcoming Allied Market Research
Vitamin B3 Market

Vitamin B3 Market

by Product Type (Pharmaceutical Grade and Feed Grade), Application (Feed Additives, Food & Drinks Industry, Pharmaceutical Industry, and Daily Chemicals), and Distribution Channel (Hypermarkets & Supermarkets, Food Specialty Stores, Pharmacy, Cosmetic Discounters, and Others): Global Opportunity Analysis and Industry Forecast, 2021-2030

Report Code: A15457
Pages: NA
Apr 2023 | 40 Views
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.



Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Vitamin B3 Market

Request Now !

Niacin (vitamin b3), also known as nicotinic acid, is an organic molecule that is usually classified as one of the 20 to 80 necessary nutrients for humans. It is part of the vitamin B3 complex, which is made up of nicotinamide and other vitamins. It's made up of C6H5NO2 and belongs to the pyridine carboxylic acids family.

Many processed meals with a greater concentration of fortified packaged goods, tuna, salmon, and certain vegetables include niacin (vitamin b3). People who have high blood cholesterol and a niacin or vitamin B3 deficiency often take niacin supplements.The vitamin is essential for the body, and a lack of it can result in nausea, skin and mouth sores, anemia, migraines, and exhaustion. A lack of five essential vitamins, niacin, vitamin C, thiamin, vitamin D, and vitamin A, causes a niacin deficiency in persons with pandemic deficient illnesses.

COVID-19 Impact Analysis

The influence of COVID-19 on feed consumption has had a direct impact on meat and livestock products and byproducts, such as milk and eggs. Worldwide, there has been an increase in the demand for plant-based vitamin supplements and nutritional alternatives, which have strengthened the market for such supplements.Several vitamin B3 supplements with immunity-boosting qualities, are on the market, and sales have increased since the introduction of the new coronavirus to reduce the risk of infection.

Following the epidemic and the resulting global lockdown, people's health awareness has increased dramatically, resulting in a heightened demand for items that boost immunity. Due to the lockdowns, closures of international borders, and delays in cross-border transit caused by the COVID-19 epidemic throughout regions, manufacturing of vitamin B3 is expected to stall in 2020. Governments around the world are taking steps like social distancing to limit the number of people who can work together in the workplace.From 2021 onwards, the market for vitamin B3 will gradually revive as government limitations are projected to relax.

Despite the fact that food demand is increasing, COVID-19 has had a substantial influence on supply. Lockdowns and a spike in infected cases have resulted in manpower shortages and a decrease in raw material supplies.

Food supplies have been delayed as a result of the disruption in delivery channels. The demand for vitamin B3 processing in the milk and dairy industry, on the other hand, is rising now and is expected to rise further in the first and second quarters of 2021.

Top Impacting Factors

  • During the forecast period, the healthcare industry is expected to fuel the market's overall growth.
  • Because niacin is so important to one's health, the use of niacin supplements is on the rise around the world, which is expected to promote market growth.
  • Vitamin B3 deficiency can result in nausea, skin and mouth sores, anemia, headaches, and exhaustion. Take niacin pills to avoid these folks, which are expected to boost the market expansion even further.
  • Niacin supplementation can assist to lower the risk of heart disease. The demand for niacin is predicted to increase as a result of this cause.
  • During the projection period, people who avoid taking external supplements are expected to limit market growth.
  • People's lack of understanding of niacin (Vitamin B3) is expected to stymie market expansion over the forecast period.

Market Trends

  • Increased Demand for Monogastric Animal Nutrition Supplements
  • Because monogastric animals are unable to generate vitamin B complex molecules in the same way that ruminants do, there is a high demand for vitamin supplements in this industry. Due to the coordinated growth of these sectors, key businesses are building a market presence in the poultry and swine sectors. In developing countries, such as Asia Pacific and Latin America, these industries are gaining traction. Globally, there has been a significant demand for the usage of additives in these expanding markets due to the increase in demand for complex feed in these regions.
  • Changes in Regulatory Policies as a Result of Environmental Impact

If suitable standard operating procedures are not followed, the production process of vitamin B3, which is mostly synthetic, is thought to have a potentially negative impact on the environment. The vast majority of synthetic vitamins are made from petroleum extracts and coal tar derivatives, both of which have substantial environmental consequences. Vitamin manufacturing is thought to cause a significant amount of pollution, prompting vitamin makers to take initiatives to reduce their carbon footprint.The Chinese government's change in environmental rules is one of the primary challenges affecting the worldwide vitamin market. To achieve sustainable production and prevent air pollution, the Chinese government has implemented rigorous limitations. Vitamin manufacturers in China are experiencing a difficulty in that they must boost production to satisfy rising demand, which has an impact on worldwide vitamin supplies. Concerns over the long-term production of vitamins in other countries may also prompt national governments to take similar steps.

Key Benefits of the Report

  • This study presents the analytical depiction of the vitamin b3 industry along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the vitamin b3 market share.
  • The current market is quantitatively analyzed to highlight the vitamin b3 market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed vitamin b3 market analysis based on competitive intensity and how the competition will take shape in coming years.

Questions Answered in the Report

  • Which are the leading players active in the ‘vitamin b3 market’?
  • What current trends will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the market?
  • What future projections would help in taking further strategic steps?
  • What is “vitamin b3 market” prediction in the future?
  • Which will be the niches at which players profiling with recent advancements should set a presence?
  • What are the driving factors and opportunities in the market?
  • What are the current trends and predicted trends?
  • What are the challenges faced in the "vitamin b3 market"?

Vitamin B3 Market Report Highlights

Aspects Details
By Product Type
  • Pharmaceutical Grade
  • Feed Grade
By Applications
  • Feed Additives
  • Food and Drinks Industry
  • Pharmaceutical Industry
  • Daily Chemicals
By Distribution Channel
  • Hypermarkets & Supermarkets
  • Food Specialty Stores
  • Pharmacy
  • Cosmetic Discounters
  • Others
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Spain, Italy, Rest of Europe)
  • Asia-Pacific  (China, India, Japan, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Vitamin B3 Market

Start reading.
This Report and over 19,981+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,930
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,870
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers