Niacin and Niacinamide Market Poised to Rake in US$ 1,500 Mn by 2026Posted by Pradnya Kulkarni on December 17th, 2017 In its newly compiled report, Future Market Insights (FMI) states that the global niacin and niacinamide market will showcase a steady rise over the forecast period, 2017 to 2026. Sales of niacin and niacinamide across the globe are estimated to reach revenues worth approximately US$ 1,500 Mn by 2026-end. Key Takeaways from FMI’s Report on Niacin and Niacinamide Market for the Forecast Period 2017-2026 Liquid and granular forms of niacin and niacinamide are expected to witness the fastest sales expansion through 2026. However, market revenue share of powder form of niacin and niacinamide will remain comparatively higher than the combined share of powder and liquid forms throughout the forecast period. Sales of niacin and niacinamide for end-use in cosmeceuticals and human nutrition will ride on the highest CAGRs through 2026. In contrast, niacin and niacinamide sales for end-use in animal nutrition will register the lowest CAGR, albeit this end-use segment is projected to account for the highest revenue share over the forecast period. Pharmaceuticals will remain a steadily expanding end-use of niacin and niacinamide. Key players that are actively supporting growth of the global niacin and niacinamide market include Brother Enterprises Holding Co., Ltd., Zhejiang NHU Company Ltd., Fagron NV, Vertellus Specialties Inc., Jubilant Life Sciences Limited, Evonik Industries AG, Foodchem International Corporation, BASF SE, Merck KGaA, Bactolac Pharmaceutical Inc., Koninklijke DSM N.V., and Lonza Group AG. Food Fortification Guidelines on Including Niacin and Niacinamide in Majority of Food Products to Propel their Market Growth Niacin and Niacinamide have been approved by the U.S. Food and Drug Administration for treating patients with pellagra. Over the years, niacin has remained well-recognized for treating individuals with high cholesterols, however recent studies have showcased niacin to have adverse side effects when used to treat cholesterol levels. In countries with malnutrition being one of the major concerns, regulatory bodies are setting up guidelines for food fortification including edible oil, salt, milk, wheat flour, and rice. Inclusion of niacin and niacinamide in majority of these food products is one of the aspects of food fortification in these countries, in order to prevent vitamin B3 deficiency. Summary of Table of Content
Request to Browse Full Table of Content, figure and Tables @ https://www.futuremarketinsights.com/reports/niacin-and-niacinamide-market/toc ABOUT US: Future Market Insights is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services, which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights, an aerial view of the competitive framework, and future market trends. CONTACT: Future Market Insights 616 Corporate Way, Suite 2-9018, Valley Cottage, NY 10989, United States T: +1-347-918-3531 F: +1-845-579-5705 Email: sales@futuremarketinsights.com Website :www.futuremarketinsights.com Like it? Share it! More by this author |