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Global Nicotinic Acid (Vitamin B3) Market Size, Industry Analysis By Segmentations, Top Key Players, Trends, Future Development & Forecast 2024-2035

  • PUBLISHED ON
  • 2/24/2023
  • NO OF PAGES
  • 260
  • CATEGORY
  • Chemicals & Materials
Nicotinic Acid (Vitamin B3) market report presents a global overview of market shares, size, statistics, trends, demand, revenue and growth opportunities by key players, regions and countries. This report offers a complete market overview during the past, present, and the forecast period till 2032 which helps to identify future opportunities, risk factors, growing areas. Report also highlight on recent developments, technological innovations, market affecting factors, demographics analysis, demand and supply chain which gives brief strategy of market growth during the forecast period. It also gives in-depth insights on SWOT and PESTLE analysis based on industry segmentations and regional developments.

Market Overview:
The report provides a basic overview of the industry including definitions, classifications, and industry chain structure. The Nicotinic Acid (Vitamin B3) market analysis is provided for the international markets including development trends, competitive landscape analysis, and key regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand, price, revenue and gross margins.

Report Scope:
The primary and secondary research is done in order to access up-to-date government regulations, market information and industry data. Data were collected from the Nicotinic Acid (Vitamin B3) manufacturers, distributors, end users, industry associations, governments’ industry bureaus, industry publications, industry experts, third party database, and our in-house databases. The report combines extensive quantitative analysis and exhaustive qualitative analysis, ranges from a macro overview of the total market size, industry chain, and market dynamics to micro details of segment by type, application and region and as a result provides a holistic view of as well as a deep insight into the Nicotinic Acid (Vitamin B3) market covering all its essential aspects.

Global Nicotinic Acid (Vitamin B3) Market: Segmentations



Global Nicotinic Acid (Vitamin B3) Market: Major Players
Resonance Specialties
DSM
Aarti Drugs
Tianjin Zhongrui Pharmaceutical
Vertellus
Lanbo Biotechnology
Brother Enterprises Holding
Nantong Acetic Acid Chemical
Red Sun Group
Lasons
Vanetta
Lonza
Jubilant Life Science

Global Nicotinic Acid (Vitamin B3) Market: By Types
Niacin Lowers Cholesterol

Global Nicotinic Acid (Vitamin B3) Market: By Applications
Feed Additives
Food and Beverage
Pharmaceuticals
Industrial
Daily Chemicals



Global Nicotinic Acid (Vitamin B3) Market: Regional Analysis
The countries covered in the regional analysis of the Global Nicotinic Acid (Vitamin B3) market report are U.S., Canada, and Mexico in North America, Germany, France, U.K., Russia, Italy, Spain, Turkey, Netherlands, Switzerland, Belgium, and Rest of Europe in Europe, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, China, Japan, India, South Korea, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), and Argentina, Brazil, and Rest of South America as part of South America.

Key Benefits:
• The analysis provides an overview of the factors driving and limiting the growth of the market including trends, structure and others.
• Market estimation for type and geographic segments is derived from the current market scenario and expected market trends.
• Porter’s Five Force Model and SWOT analysis are used to study the global Nicotinic Acid (Vitamin B3) market and would help stakeholders make strategic decisions.
• The analysis assists in understanding the strategies adopted by the companies for the growth of this market.
• In-depth analysis of the types of Nicotinic Acid (Vitamin B3) would help in identifying future applications in this market.

Reasons to Purchase this Report:
• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors
• Provision of market value (USD Billion) data for each segment and sub-segment
• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market
• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region
• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled
• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players
• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions
• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis
• Provides insight into the market through Value Chain
• Market dynamics scenario, along with growth opportunities of the market in the years to come
• 6-month post-sales analyst support

Objectives of the Study:
• To provide with an exhaustive analysis on the Nicotinic Acid (Vitamin B3) Market by Product, By Application, By End User and by Region.
• To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
• To evaluate and forecast micro-markets and the overall market
• To predict the market size, in key regions— North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
• To record and evaluate competitive landscape mapping- product launches, technological advancements, mergers and expansions
Base Year: 2023
Historic Year: 2016-2022
Forecast: 2024-2035


1 Nicotinic Acid (Vitamin B3) Introduction and Market Overview
1.1 Objectives of the Study
1.2 Overview of Nicotinic Acid (Vitamin B3)
1.3 Nicotinic Acid (Vitamin B3) Market Scope and Market Size Estimation
1.3.1 Market Concentration Ratio and Market Maturity Analysis
1.3.2 Global Nicotinic Acid (Vitamin B3) Revenue and Growth Rate from 2016-2026
1.4 Market Segmentation
1.4.1 Types of Nicotinic Acid (Vitamin B3)
1.4.2 Applications of Nicotinic Acid (Vitamin B3)
1.4.3 Research Regions
1.5 Market Dynamics
1.5.1 Nicotinic Acid (Vitamin B3) Industry Trends
1.5.2 Nicotinic Acid (Vitamin B3) Drivers
1.5.3 Nicotinic Acid (Vitamin B3) Market Challenges
1.5.4 Nicotinic Acid (Vitamin B3) Market Restraints
1.6 Industry News and Policies by Regions
1.6.1 Industry News
1.6.2 Industry Policies
1.7 Mergers & Acquisitions, Expansion Plans
1.8 Nicotinic Acid (Vitamin B3) Industry Development Trends under COVID-19 Outbreak
1.8.1 Global COVID-19 Status Overview
1.8.2 Influence of COVID-19 Outbreak on Nicotinic Acid (Vitamin B3) Industry Development

2 Industry Chain Analysis
2.1 Upstream Raw Material Supply and Demand Analysis
2.1.1 Global Nicotinic Acid (Vitamin B3) Major Upstream Raw Material and Suppliers
2.1.2 Raw Material Source Analysis
2.2 Major Players of Nicotinic Acid (Vitamin B3)
2.2.1 Major Players Manufacturing Base of Nicotinic Acid (Vitamin B3) in 2020
2.2.2 Major Players Market Distribution in 2020
2.3 Nicotinic Acid (Vitamin B3) Manufacturing Cost Structure Analysis
2.3.1 Production Process Analysis
2.3.2 Manufacturing Cost Structure of Nicotinic Acid (Vitamin B3)
2.3.3 Labor Cost of Nicotinic Acid (Vitamin B3)
2.4 Market Channel Analysis of Nicotinic Acid (Vitamin B3)
2.5 Major Down Stream Customers by Application

3 Global Nicotinic Acid (Vitamin B3) Market, by Type
3.1 Global Nicotinic Acid (Vitamin B3) Revenue and Market Share by Type (2016-2021)
3.2 Global Nicotinic Acid (Vitamin B3) Production and Market Share by Type (2016-2021)
3.3 Global Nicotinic Acid (Vitamin B3) Revenue and Growth Rate by Type (2016-2021)
3.3.1 Global Nicotinic Acid (Vitamin B3) Revenue and Growth Rate of Niacin Lowers Cholesterol
3.4 Global Nicotinic Acid (Vitamin B3) Price Analysis by Type (2016-2021)
3.4.1 Explanation of Different Type Product Price Trends

4 Nicotinic Acid (Vitamin B3) Market, by Application
4.1 Downstream Market Overview
4.2 Global Nicotinic Acid (Vitamin B3) Consumption and Market Share by Application (2016-2021)
4.3 Global Nicotinic Acid (Vitamin B3) Consumption and Growth Rate by Application (2016-2021)
4.3.1 Global Nicotinic Acid (Vitamin B3) Consumption and Growth Rate of Feed Additives (2016-2021)
4.3.2 Global Nicotinic Acid (Vitamin B3) Consumption and Growth Rate of Food and Beverage (2016-2021)
4.3.3 Global Nicotinic Acid (Vitamin B3) Consumption and Growth Rate of Pharmaceuticals (2016-2021)
4.3.4 Global Nicotinic Acid (Vitamin B3) Consumption and Growth Rate of Industrial (2016-2021)
4.3.5 Global Nicotinic Acid (Vitamin B3) Consumption and Growth Rate of Daily Chemicals (2016-2021)

5 Global Nicotinic Acid (Vitamin B3) Consumption, Revenue ($) by Region (2016-2021)
5.1 Global Nicotinic Acid (Vitamin B3) Revenue and Market Share by Region (2016-2021)
5.2 Global Nicotinic Acid (Vitamin B3) Consumption and Market Share by Region (2016-2021)
5.3 Global Nicotinic Acid (Vitamin B3) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4 North America Nicotinic Acid (Vitamin B3) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.4.1 North America Nicotinic Acid (Vitamin B3) Market Under COVID-19
5.4.2 North America Nicotinic Acid (Vitamin B3) SWOT Analysis
5.5 Europe Nicotinic Acid (Vitamin B3) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.5.1 Europe Nicotinic Acid (Vitamin B3) Market Under COVID-19
5.5.2 Europe Nicotinic Acid (Vitamin B3) SWOT Analysis
5.6 China Nicotinic Acid (Vitamin B3) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.6.1 China Nicotinic Acid (Vitamin B3) Market Under COVID-19
5.6.2 China Nicotinic Acid (Vitamin B3) SWOT Analysis
5.7 Japan Nicotinic Acid (Vitamin B3) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.7.1 Japan Nicotinic Acid (Vitamin B3) Market Under COVID-19
5.7.2 Japan Nicotinic Acid (Vitamin B3) SWOT Analysis
5.8 Middle East and Africa Nicotinic Acid (Vitamin B3) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.8.1 Middle East and Africa Nicotinic Acid (Vitamin B3) Market Under COVID-19
5.8.2 Middle East and Africa Nicotinic Acid (Vitamin B3) SWOT Analysis
5.9 India Nicotinic Acid (Vitamin B3) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.9.1 India Nicotinic Acid (Vitamin B3) Market Under COVID-19
5.9.2 India Nicotinic Acid (Vitamin B3) SWOT Analysis
5.10 South America Nicotinic Acid (Vitamin B3) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.10.1 South America Nicotinic Acid (Vitamin B3) Market Under COVID-19
5.10.2 South America Nicotinic Acid (Vitamin B3) SWOT Analysis
5.11 South Korea Nicotinic Acid (Vitamin B3) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.11.1 South Korea Nicotinic Acid (Vitamin B3) Market Under COVID-19
5.11.2 South Korea Nicotinic Acid (Vitamin B3) SWOT Analysis
5.12 Southeast Asia Nicotinic Acid (Vitamin B3) Consumption, Revenue, Price and Gross Margin (2016-2021)
5.12.1 Southeast Asia Nicotinic Acid (Vitamin B3) Market Under COVID-19
5.12.2 Southeast Asia Nicotinic Acid (Vitamin B3) SWOT Analysis

6 Global Nicotinic Acid (Vitamin B3) Production by Top Regions (2016-2021)
6.1 Global Nicotinic Acid (Vitamin B3) Production by Top Regions (2016-2021)
6.2 North America Nicotinic Acid (Vitamin B3) Production and Growth Rate
6.3 Europe Nicotinic Acid (Vitamin B3) Production and Growth Rate
6.4 China Nicotinic Acid (Vitamin B3) Production and Growth Rate
6.5 Japan Nicotinic Acid (Vitamin B3) Production and Growth Rate
6.6 India Nicotinic Acid (Vitamin B3) Production and Growth Rate

7 Global Nicotinic Acid (Vitamin B3) Consumption by Regions (2016-2021)
7.1 Global Nicotinic Acid (Vitamin B3) Consumption by Regions (2016-2021)
7.2 North America Nicotinic Acid (Vitamin B3) Consumption and Growth Rate
7.3 Europe Nicotinic Acid (Vitamin B3) Consumption and Growth Rate
7.4 China Nicotinic Acid (Vitamin B3) Consumption and Growth Rate
7.5 Japan Nicotinic Acid (Vitamin B3) Consumption and Growth Rate
7.6 Middle East & Africa Nicotinic Acid (Vitamin B3) Consumption and Growth Rate
7.7 India Nicotinic Acid (Vitamin B3) Consumption and Growth Rate
7.8 South America Nicotinic Acid (Vitamin B3) Consumption and Growth Rate
7.9 South Korea Nicotinic Acid (Vitamin B3) Consumption and Growth Rate
7.10 Southeast Asia Nicotinic Acid (Vitamin B3) Consumption and Growth Rate

8 Competitive Landscape
8.1 Competitive Profile
8.2 Resonance Specialties Market Performance Analysis
8.2.1 Company Profiles
8.2.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.2.3 Resonance Specialties Sales, Revenue, Price, Gross Margin 2016-2021
8.2.4 Company Recent Development
8.2.5 Strategies for Company to Deal with the Impact of COVID-19
8.3 DSM Market Performance Analysis
8.3.1 Company Profiles
8.3.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.3.3 DSM Sales, Revenue, Price, Gross Margin 2016-2021
8.3.4 Company Recent Development
8.3.5 Strategies for Company to Deal with the Impact of COVID-19
8.4 Aarti Drugs Market Performance Analysis
8.4.1 Company Profiles
8.4.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.4.3 Aarti Drugs Sales, Revenue, Price, Gross Margin 2016-2021
8.4.4 Company Recent Development
8.4.5 Strategies for Company to Deal with the Impact of COVID-19
8.5 Tianjin Zhongrui Pharmaceutical Market Performance Analysis
8.5.1 Company Profiles
8.5.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.5.3 Tianjin Zhongrui Pharmaceutical Sales, Revenue, Price, Gross Margin 2016-2021
8.5.4 Company Recent Development
8.5.5 Strategies for Company to Deal with the Impact of COVID-19
8.6 Vertellus Market Performance Analysis
8.6.1 Company Profiles
8.6.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.6.3 Vertellus Sales, Revenue, Price, Gross Margin 2016-2021
8.6.4 Company Recent Development
8.6.5 Strategies for Company to Deal with the Impact of COVID-19
8.7 Lanbo Biotechnology Market Performance Analysis
8.7.1 Company Profiles
8.7.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.7.3 Lanbo Biotechnology Sales, Revenue, Price, Gross Margin 2016-2021
8.7.4 Company Recent Development
8.7.5 Strategies for Company to Deal with the Impact of COVID-19
8.8 Brother Enterprises Holding Market Performance Analysis
8.8.1 Company Profiles
8.8.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.8.3 Brother Enterprises Holding Sales, Revenue, Price, Gross Margin 2016-2021
8.8.4 Company Recent Development
8.8.5 Strategies for Company to Deal with the Impact of COVID-19
8.9 Nantong Acetic Acid Chemical Market Performance Analysis
8.9.1 Company Profiles
8.9.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.9.3 Nantong Acetic Acid Chemical Sales, Revenue, Price, Gross Margin 2016-2021
8.9.4 Company Recent Development
8.9.5 Strategies for Company to Deal with the Impact of COVID-19
8.10 Red Sun Group Market Performance Analysis
8.10.1 Company Profiles
8.10.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.10.3 Red Sun Group Sales, Revenue, Price, Gross Margin 2016-2021
8.10.4 Company Recent Development
8.10.5 Strategies for Company to Deal with the Impact of COVID-19
8.11 Lasons Market Performance Analysis
8.11.1 Company Profiles
8.11.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.11.3 Lasons Sales, Revenue, Price, Gross Margin 2016-2021
8.11.4 Company Recent Development
8.11.5 Strategies for Company to Deal with the Impact of COVID-19
8.12 Vanetta Market Performance Analysis
8.12.1 Company Profiles
8.12.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.12.3 Vanetta Sales, Revenue, Price, Gross Margin 2016-2021
8.12.4 Company Recent Development
8.12.5 Strategies for Company to Deal with the Impact of COVID-19
8.13 Lonza Market Performance Analysis
8.13.1 Company Profiles
8.13.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.13.3 Lonza Sales, Revenue, Price, Gross Margin 2016-2021
8.13.4 Company Recent Development
8.13.5 Strategies for Company to Deal with the Impact of COVID-19
8.14 Jubilant Life Science Market Performance Analysis
8.14.1 Company Profiles
8.14.2 Nicotinic Acid (Vitamin B3) Product Profiles, Application and Specification
8.14.3 Jubilant Life Science Sales, Revenue, Price, Gross Margin 2016-2021
8.14.4 Company Recent Development
8.14.5 Strategies for Company to Deal with the Impact of COVID-19

9 Global Nicotinic Acid (Vitamin B3) Market Analysis and Forecast by Type and Application
9.1 Global Nicotinic Acid (Vitamin B3) Market Revenue & Volume Forecast, by Type (2021-2026)
9.1.1 Niacin Lowers Cholesterol Market Revenue and Volume Forecast (2021-2026)
9.2 Global Nicotinic Acid (Vitamin B3) Market Revenue & Volume Forecast, by Application (2021-2026)
9.2.1 Feed Additives Market Revenue and Volume Forecast (2021-2026)
9.2.2 Food and Beverage Market Revenue and Volume Forecast (2021-2026)
9.2.3 Pharmaceuticals Market Revenue and Volume Forecast (2021-2026)
9.2.4 Industrial Market Revenue and Volume Forecast (2021-2026)
9.2.5 Daily Chemicals Market Revenue and Volume Forecast (2021-2026)

10 Nicotinic Acid (Vitamin B3) Market Supply and Demand Forecast by Region
10.1 North America Market Supply and Demand Forecast (2021-2026)
10.2 Europe Market Supply and Demand Forecast (2021-2026)
10.3 China Market Supply and Demand Forecast (2021-2026)
10.4 Japan Market Supply and Demand Forecast (2021-2026)
10.5 Middle East and Africa Market Supply and Demand Forecast (2021-2026)
10.6 India Market Supply and Demand Forecast (2021-2026)
10.7 South America Market Supply and Demand Forecast (2021-2026)
10.8 South Korea Market Supply and Demand Forecast (2021-2026)
10.9 Southeast Asia Market Supply and Demand Forecast (2021-2026)
10.10 Explanation of Market Size Trends by Region
10.11 Nicotinic Acid (Vitamin B3) Market Trends Analysis

11 New Project Feasibility Analysis
11.1 Industry Barriers and New Entrants SWOT Analysis
11.2 Analysis and Suggestions on New Project Investment

12 Expert Interview Record
13 Research Finding and Conclusion
14 Appendix
14.1 Methodology
14.2 Research Data Source

Quality Assurance Process

  1. We Market Research’s Quality Assurance program strives to deliver superior value to our clients.

We Market Research senior executive is assigned to each consulting engagement and works closely with the project team to deliver as per the clients expectations.

Market Research Process




We Market Research monitors 3 important attributes during the QA process- Cost, Schedule & Quality. We believe them as a critical benchmark in achieving a project’s success.

To mitigate risks that can impact project success, we deploy the follow project delivery best practices:
  • Project kickoff meeting with client
  • Conduct frequent client communications
  • Form project steering committee
  • Assign a senior SR executive as QA Executive
  • Conduct internal editorial & quality reviews of project deliverables
  • Certify project staff in SR methodologies & standards
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  • Monitor realized value post-project

Case Study- Automotive Sector

One of the key manufacturers of automotive had plans to invest in electric utility vehicles. The electric cars and associated markets being a of evolving nature, the automotive client approached Straits Research for a detailed insight on the market forecasts. The client specifically asked for competitive analysis, regulatory framework, regional prospects studied under the influence of drivers, challenges, opportunities, and pricing in terms of revenue and sales (million units).

Solution

The overall study was executed in three stages, intending to help the client meet its objective of precisely understanding the entire market before deciding on an investment. At first, secondary research was conducted considering political, economic, social, and technological parameters to get a gist of the various aspects of the market. This stage of the study concluded with the derivation of drivers, opportunities, and challenges. It also laid substantial emphasis on understanding and collecting data not only on a global scale but also on the regional and country levels. Data Extraction through Primary Research

The second stage involved primary research in which several market players and automotive parts suppliers were contacted to study their viewpoint concerning the development of their market and production capacity, clientele, and product line. This stage concluded in a brief understanding of the competitive ecosystem and also glanced through the strategies and pricing of the companies profiled.

Market Estimates and Forecast

In the final stage of the study, market forecasts for the electric utility were derived using multiple market engineering approaches. This data helped the client to get an overview of the market and accelerate the process of investment.

Case Study- ICT Sector

Business process outsourcing, being one of the lucrative markets from both supply- and demand- side, has appealed to various companies. One of the prominent corporations based out of Japan approached us with their requirements regarding the scope of the procurement outsourcing market for around 50 countries. Additionally, the client also sought key players operating in the market and their revenue breakdown in terms of region and application.


Business Solution

An exhaustive market study was conducted based on primary and secondary research that involved factors such as labor costs in various countries, skilled and technical labors, manufacturing scenario, and their respective contributions in the global GDP. A comparative study of the market was conducted from both supply- and demand side, with the supply-side comprising of notable companies, such as GEP, Accenture, and others, that provide these services. On the other hand, large manufacturing companies from them demand-side were considered that opt for these services.


Conclusion

The report aided the client in understanding the market trends, including country-level business scenarios, consumer behavior, and trends in 50 countries. The report also provided financial insights of crucial players and detailed market estimations and forecasts till 2028.

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