Nicotinamide Market to Grow with a CAGR of 6.61% through 2030
Surge in research and development activities is
expected to drive the Global Nicotinamide Market growth in the forecast period,
2026-2030.
According to TechSci Research report, “Nicotinamide
Market - Global Industry Size, Share, Trends, Competition Forecast &
Opportunities, 2030F”, the Global Nicotinamide Market stood at USD 624.74
Million in 2024 and is anticipated to grow with a CAGR of 6.61% through 2030. Initiatives
taken by government based on nicotinamide has led to favorable market
conditions for the Global Nicotinamide Market. Several factors contribute to
the growth of various nicotinamide products.
The growing emphasis on research and development
(R&D) is a key driver propelling the global nicotinamide market forward.
Increased investment in scientific research has led to a deeper understanding
of nicotinamide’s therapeutic potential, particularly in dermatology,
neurology, and nutritional science. In the pharmaceutical sector, ongoing
studies are exploring its role in managing conditions such as Alzheimer’s
disease, diabetes, and inflammatory disorders, expanding its application beyond
traditional vitamin supplementation.
One of the most significant government-led efforts is the promotion of micronutrient fortification programs, particularly in developing economies. Agencies such as the World Health Organization (WHO) and national health departments are encouraging the fortification of staple foods with essential vitamins and minerals, including nicotinamide, to combat malnutrition and vitamin B3 deficiency. Several countries in Asia and Africa have already adopted food fortification policies that mandate the addition of nicotinamide to items such as flour and cereals, in order to improve public health and reduce the incidence of pellagra and other deficiency-related conditions.
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The Global Nicotinamide Market is segmented into sales
channel, end use, regional distribution, and company.
Based on Sales Channel, Indirect have
emerged as the dominating segment in the Global Nicotinamide Market in 2024. A
key factor behind this dominance is the pharmaceutical industry’s reliance on
nicotinamide as an essential vitamin in the production of multivitamin
complexes, injectables, and topical formulations. Pharmaceutical manufacturers
typically procure nicotinamide in bulk for indirect use, where it is combined
with other active ingredients in regulated formulations to address a variety of
deficiencies and therapeutic needs. Given the global rise in preventive
healthcare and increased supplementation demand, especially in emerging
economies, the pharmaceutical sector’s large-scale use of nicotinamide as an
intermediate continues to solidify this segment's leading position.
Based on Region, North America have emerged as the fastest
growing region in the Global Nicotinamide Market in 2024. North America, with
its highly developed agricultural and livestock sectors, is experiencing significant
growth in the animal feed market. The increasing need for high-quality,
nutrient-enriched animal feed to boost productivity in poultry, swine, and
cattle farming is driving the demand for nicotinamide as an essential vitamin
supplement. North American producers are investing in fortified feed products
to optimize animal health and production.
Major companies operating in Global Nicotinamide
Market are:
- Nebula Health Care
- Suchem Laboratory
- Western Drugs Limited
- Roopa industries limited
- S.V. Labs Pvt. Ltd.
- Veer Chemie & Aromatics pvt ltd.
- Optimus Drugs Pvt. Ltd
- NIGAM FINECHEM PVT. LTD
- Ishita Drugs & Industries Ltd
- Anhui Redpont Biotechnology Co., Ltd
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“In the cosmetics industry, nanotechnology enables the
development of lightweight, non-greasy, and fast-absorbing formulations that
enhance the consumer experience. Nanostructures such as liposomes or
nanoparticles can encapsulate nicotinamide, protecting it from degradation due
to environmental factors like light and air, and providing a longer-lasting
effect on the skin. This makes nicotinamide-based products more effective in
treating skin conditions such as acne, hyperpigmentation, and signs of aging”,
said Mr. Karan Chechi, Research Director of TechSci Research, a research-based
management consulting firm.
“Nicotinamide Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, Segmented By Sales Channel (Direct, Indirect), By End Use (Pharmaceuticals, Cosmetics & Personal Care, Food & Beverages, Animal Feed, Chemicals), By Region and Competition, 2020-2030F”, has evaluated
the future growth potential of Global Nicotinamide Market and provides
statistics & information on market size, structure, and future market
growth. The report intends to provide cutting-edge market intelligence and help
decision makers take sound investment decisions. Besides, the report also
identifies and analyzes the emerging trends along with essential drivers,
challenges, and opportunities in Global Nicotinamide Market.
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