Global Niacinamide Market 2024–2033

Reports Description

The Global Niacinamide Market was estimated at USD 725 million in 2022 and is anticipated to reach around USD 950 million by 2032, growing at a CAGR of roughly 3.5% between 2023 and 2032.

CMI research report offers a 360-degree view of the Niacinamide market’s drivers and restraints, coupled with the impact they have on demand during the projection period. Also, the report examines global opportunities and competitive analysis for the Niacinamide market.

• A form of vitamin B3 called nicotinamide, niacinamide, is essential for optimum health. A B3 shortage may result in problems with the skin, kidneys, or brain. Niacinamide use can prevent B3 deficiency. Depending on the criteria used, the organic molecule niacin, also known as nicotinic acid, is one of humans’ 20 to 80 essential nutrients. It is a component of the nicotinamide and niacin complexes. Its formula is C6H5NO2, and it belongs to the class of carboxylic acids called pyridines.
• For coenzymes such as nicotinamide adenine dinucleotide (NAD), NADH, NADP, and NADPH to operate, niacinamide, an active vitamin form B, is needed. It serves as a potent conditioning component in skin and hair care products and offers multifunctional benefits for skin care.
• By enhancing lipid component production, niacinamide also strengthens the structural integrity of the skin barrier and promotes skin homeostasis. Niacinamide is used more frequently in cosmetics and personal care products because of its ability to reduce wrinkles in mature skin, prevent photocarcinogenesis, and treat pigmentation issues.
• Supplementing human cells with niacinamide lengthens their reproductive lifetime and slows the onset of senescence. Additionally, it suppresses Nuclear Factor kappa B (NF-kB), lowers the production of the inflammatory cytokines IL-1 & IL-2, blocks mast cell degranulation, and slows leukocyte migration into the skin. Niacinamide improves the production of proteins and keratin, stimulates the production of ceramides, and speeds up the development of keratinocytes, all of which stabilize the function of the epidermal barrier.
• It smooths out wrinkles in aging skin, prevents photocarcinogenesis, and raises intracellular NADP levels. These considerations have increased the usage of niacinamide in cosmetic products used to treat skin conditions such as acne and problems of the epidermal barrier function. The preference for inexpensive, non-invasive ways to improve skin look is growing, the niacinamide industry is expected to rise as more over-the-counter treatments become available.

Report Scope

The global Niacinamide market research report offers an in-depth analysis of the global market size, which is further segmented into the regional and country-level market size, and segmentation market growth. Also, it provides market share, sales analysis, competitive landscape, the impact of domestic and global market participants, trade regulations, value chain optimization, recent key developments, strategic market growth analysis, opportunities analysis, product launches, and technological innovations. The scope of the study includes market sizing and forecast for segmentation by grade, form, end-use, and geography.

Key Market Dynamics

• During the forecast period of 2023–2032, the niacinamide market is expected to grow at a faster rate due to rising demand for the product due to its health benefits, such as maintaining cholesterol levels and vitamin B3 levels in the body, increasing usage in skin care cosmetics, increasing consumer awareness of the consumption of healthy food supplements, and improving energy metabolism. On the other hand, the growth of the healthcare and cosmetics sectors would increase opportunities for the niacinamide market to grow throughout the projected time.
• Niacinamide is used more frequently in cosmetics and personal care products because it reduces wrinkles in mature skin, prevents photocarcinogenesis, and treats pigmentation issues. In recent years, Niacinamide has undergone extensive research and development to examine its potential for treating and preventing non-melanoma malignancies. This factor is expected to fuel future revenue growth in this market.
• Niacinamide plays a significant role in modulating the efficiency of transcription, DNA repair, and cellular energy metabolism. It is widely used in anti-acne, skin whitening, and skin rejuvenation treatments due to its anti-inflammatory and sebostatic qualities, which lower free radical levels in the body and sebum excretion on the face. Additionally, increasing the amount of niacinamide added to animal feed to prevent vitamin B3 deficiency and related illnesses in cattle is projected to promote market expansion.
• The pharmaceutical-grade niacinamide market is anticipated to have the largest revenue share over the forecast period due to rising demand for cosmeceuticals to treat skin conditions and diseases, the development of potent anti-aging treatments, and the prevention of vitamin B3 deficiency. Throughout the forecast period, the growing use of granular niacinamide in manufacturing vitamin B3 nutritional supplements, such as tablets and hard-shell capsules, animal feed fortification, and cosmetics, is anticipated to propel revenue growth in the granular sector.

Pharmaceutical Grade to Hold the Significant Market Share in the Niacinamide Market in 2022

• The worldwide niacinamide market has been divided into pharmaceutical grade and feed grade based on grade. Due to rising demand for pharmaceutical-grade niacinamide in the manufacturing of cosmeceuticals and pharmaceutical products and the development of therapeutics for autoimmune and other skin disorders, the pharmaceutical-grade segment is anticipated to hold the largest revenue share in the global market throughout the forecast period.
• Another important element influencing the growth of this segment’s revenue is the affordability of pharmaceutical-grade niacinamide and high-quality nutraceuticals. This grade of niacinamide is utilized as a pharmaceutical reference standard for measuring an analyte concentration in plasma, pharmaceutical formulations, and nutritional formula powders.
• As niacinamide is increasingly supplemented in animal feed to promote weight increase, feed intake optimization, nutrient absorption, and general livestock health, the feed grade segment is anticipated to maintain a consistent market share over the projection period. Niacinamide supplementation is a useful source of niacin for animal nutrition. It can aid in preventing health issues linked to vitamin B3 insufficiency, which is anticipated to further increase the demand for feed-grade niacinamide.

Competitive Landscape

The existence of numerous competitors operating on a global and regional scale has led to the fragmentation of the niacinamide market worldwide. Key companies are working on new products and forming alliances to meet the expanding worldwide demand and establish a solid foothold in the market.

The competitive landscape of the Niacinamide industry gives information about the competitors. The company’s financials, revenue generated, market potential, investment in R&D, global presence, new market initiatives, production capacities, production sites and facilities, company strengths and weaknesses, product release, product width and breadth, and application dominance are among the details that are included. The data points mentioned above only pertain to the companies’ market focus on Niacinamide manufacturing.

• 2021: Niacinamide-peptides, known as Fision GlowPlex, were developed by TRI-K Industries, Inc. to improve skin radiance, support uniform skin tone, blur facial flaws, and lessen the visibility of hyperpigmentation and dark spots.

List of the prominent players in the global Niacinamide market:

• Lonza Group
• DSM
• Vanetta
• Vertellus
• Zhejiang Lanbo Biotechnology
• Merck KGaA
• Evonik Industries AG
• Foodchem International Corporation
• Koninklijke DSM N.V.
• BASF SE
• Bactolac Pharmaceutical Inc.
• Lasons India.
• Foodchem International Corporation
• Others

The global Niacinamide market is segmented as follows:

By Grade

• Feed Grade
• Pharmaceutical Grade

By Form

• Liquid
• Granular
• Powder

By End-use

• Cosmeceutical
• Pharmaceutical
• Animal Nutrition
• Human Nutrition

By Distribution Channel

• Hospital Pharmacies
• Online Pharmacies
• Drug stores and Retail Pharmacies

By Region

North America

• U.S.
• Canada
• Mexico
• Rest of North America

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Rest of Europe

Asia Pacific

• China
• Japan
• India
• New Zealand
• Australia
• South Korea
• Rest of Asia Pacific

The Middle East & Africa

• Saudi Arabia
• UAE
• Egypt
• Kuwait
• South Africa
• Rest of the Middle East & Africa

Latin America

• Brazil
• Argentina
• Rest of Latin America