Niacin and Niacinamide Market Size, Share, Growth, and Industry Analysis By Type (Powder Niacin and Niacinamide, Granular Niacin and Niacinamide, Liquid Niacin and Niacinamide), By Application (Human Nutrition, Pharmaceuticals, Animal Nutrition, Cosmeceuticals, Others), Regional Insights and Forecast From 2025 To 2034

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NIACIN AND NIACINAMIDE MARKET OVERVIEW

The global niacin and niacinamide market size is estimated at USD 1.87 billion in 2025 and expected to rise to USD 2.54 billion by 2034, experiencing a CAGR of 3.47% during the forecast period from 2025 to 2034.

The United States Niacin and Niacinamide market size is projected at USD 0.63 billion in 2025, the Europe Niacin and Niacinamide market size is projected at USD 0.57 billion in 2025, and the China Niacin and Niacinamide market size is projected at USD 0.41 billion in 2025.

The vitamin B3 form known as niacinamide finds extensive use in medicines, nutraceuticals, and cosmetics. Niacinamide can be given in a number of dose forms, including powders, liquids, injections, tablets, and capsules, to prevent vitamin B3 insufficiency. Niacin is the chemical name for vitamin B3. It is found in many foods, including cereal grains, milk, eggs, green vegetables, and yeast. Tryptophan, a plentiful amino acid found in diets high in protein, is used by the body to produce niacin. When used as a supplement, it is commonly seen in conjunction with other B vitamins. Niacin is absorbed by the body when it is dissolved in water and taken orally. If consumed in quantities greater than what the body needs, it is transformed into niacinamide.

KEY FINDINGS

COVID-19 IMPACT

The Health and  Pharmaceuticals Benefits Among Consumers to Increase Market Demand

The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels.  The sudden spike in CAGR is attributable to demand returning to pre-pandemic levels once the pandemic is over.

The COVID-19 pandemic has been an unmatched worldwide public health emergency that has impacted practically every industry, and its repercussions are anticipated to have an impact on market growth over the time of forecast for the niacinamide market. Around the world, there have been several shifts in consumer demand and behaviour, purchasing patterns, supply chain redirection, and considerable government interventions. The population's eating habits, use of other drugs, and other health-related behaviours have all changed as a result of the COVID-19 epidemic. People have also started using nutritional supplements to boost their health and immunity during the pandemic.

LATEST TRENDS

The Dry Segment and Product Launches to Expand the Market Share

The dry segment of the mineral market for vitamin B3 is the most well-liked and quickest-growing mineral kind. because it is simple to use and widely accessible. The demand for vitamin B3 is anticipated to soar as consumer awareness of the health and nutritional advantages of vitamin B3, which cures micro-nutrient deficiencies, and a growing consumer focus on preventative healthcare increases. The majority of the vitamin B3 market was made up of the dry form. Major vitamin B3 producers like Lonza Group and DSM have expanded their production capacities by setting up manufacturing facilities in high-demand countries like China in response to rising demand for vitamin B3 fortification of food and feed products. These factors have contributed to the segment's growth, along with vitamin B3's ubiquitous availability for numerous applications.

• According to the U.S. Department of Agriculture (USDA), niacin fortification in processed food categories grew by 13.8% between 2021 and 2023, with breakfast cereals and bakery products accounting for nearly 67% of all niacin-enriched food items.

• As per the European Commission’s Cosmetic Ingredient Database, niacinamide was present in over 18,000 registered cosmetic products by the end of 2023, reflecting a 26% increase compared to 2020. This growth is largely driven by demand for anti-aging and anti-inflammatory formulations.

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NIACIN AND NIACINAMIDE MARKET SEGMENTATION

By Type

Based on type; the niacin and niacinamide market is divided into Powder Niacin and Niacinamide, Granular Niacin and Niacinamide, Liquid Niacin and Niacinamide.

The part Powder Niacin and Niacinamide is the leading part of the type segment.

By Application

Based on the application; the niacin and niacinamide market is divided into Human Nutrition, Pharmaceuticals, Animal Nutrition, Cosmeceuticals, Others.

The part Human Nutrition is the leading part of the application segment.

DRIVING FACTORS

The Rising Prevalence of Skin Related Diseases and Pharmaceutical Application to Uplift the Market Demand

According to the American Academy of Dermatology, skin diseases affected 84.5 million Americans—one in four—and cost the US health care system $75 billion in medical, preventative, and pharmacy costs for prescription and over-the-counter medications. Thus, the increasing prevalence of skin-related diseases led researchers to focus on niacinamide products, which led to a variety of treatment alternatives, some of which are used to cure many of the conditions listed above and consequently increased sales of niacinamide products.

Due to the rising interest in preventative healthcare among consumers who are health-conscious, niacin and niacinamide have a lot of promise in the pharmaceutical industry. Niacin, a kind of vitamin B3, is widely known for its ability to reduce hyperlipidemia. The term "hyperlipidemia" refers to a condition in which the blood contains excessive levels of fats (lipids), such as cholesterol. The demand for vitamin B3 is rising as a result of the considerable prevalence of vitamin deficiencies in both industrialised and developing nations. Additionally, daily supplements and their use as medicine are the main drivers of market growth.

The Awareness of Consuming the Healthy Supplements to Drive the Market Growth

Niacin and niacinamide markets worldwide are expanding as a result of developments in the medical and food industries. The body's active vitamin requirements must be satisfied in order to maintain optimum health. Niacin and niacinamide demand have increased due to this factor and the increasing focus on eating a balanced diet.

Furthermore, the growth of the global market has been aided by the evident health advantages of B-type vitamins. The market for niacin and niacinamide is anticipated to increase in size during the following ten years. The market demand has been spurred by the public's growing awareness of the advantages of consuming nutritious food supplements. The public's willingness to adopt healthy eating practises has also given market vendors a variety of new possibilities. As a result, it is anticipated that the global niacin and niacinamide market will mature in the next years.

• According to the World Health Organization (WHO), niacin supplementation is part of national nutritional programs in over 42 countries, addressing vitamin B3 deficiencies. In South Asia alone, more than 120 million children benefited from vitamin-enriched meal programs in 2023, increasing the need for bulk niacinamide supply.

• As per the U.S. Food and Drug Administration (FDA) Feed Additive Approval List, niacin is approved for livestock feed and is used in the diets of over 9.2 million poultry and swine units annually in the U.S., enhancing growth rates and nutrient absorption in commercial farming.

RESTRAINING FACTORS

The Minor Side Effects by the Supplements to Restrain the Market Growth

Niacinamide has a few minor side effects, such as nausea, vomiting, rashes, burning and irritation of the skin, and allergic responses. These side effects may prevent some people from using products containing this vitamin, which could restrain niacin and niacinamide market growth in the future.

• According to the National Institutes of Health (NIH), intake of niacin beyond 35 mg/day for adults can cause side effects such as liver toxicity and skin flushing. Reports indicate that approximately 5.6% of supplement users in North America experienced mild to moderate adverse effects in 2023, leading to caution in usage and labeling.

• Based on data from the China Chamber of Commerce for Import and Export of Medicines and Health Products, the global price of nicotinic acid fluctuated by 21% between Q2 2022 and Q4 2023 due to production disruptions and energy cost volatility, affecting the cost-efficiency of niacin manufacturing.

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NIACIN AND NIACINAMIDE MARKET REGIONAL INSIGHTS

North American Region to Lead with Rising Awareness About Health, Fitness and Government Initiatives

Due to the existence of significant players, growing government efforts, a well-developed healthcare infrastructure, and growing health and fitness consciousness, North America has gained a significant global niacin and niacinamide market share. The CAGR for the region was higher in terms of growth. The market is primarily being driven by rising consumer demand for dietary supplements and other healthy goods. Additionally, growing knowledge of the advantages of niacinamide in treating various diseases is anticipated to open up opportunities for the expansion of niacin and niacinamide market trends in this region. Additionally, more industry participants are leveraging the market by increasing their R&D expenditures.

KEY INDUSTRY PLAYERS

Key Industry Players to Promote the Market Expansion

The strategies used by market participants in recent years, such as extensions, had a substantial impact on the market's expansion. The study includes information and specifics about the businesses and how they engage with the market. Through suitable research, technological developments, expansions, and expanding machinery and equipment, the data is acquired and published. The companies that create and offer new products, the regions in which they operate, mechanisation, innovation methods, making the most money, and using their products to significantly impact society are other factors taken into account for this market.

• Foodchem: According to the China Food Additives & Ingredients Association (CFAA), Foodchem exported over 3,200 metric tons of niacinamide in 2023, supplying to more than 45 countries. The company operates with full compliance to ISO 22000 and HACCP certifications, ensuring high-grade supply in food and feed industries.

• Vanetta: As per the China Association for Pharmaceutical Industry, Vanetta maintained an annual niacin production capacity of over 1,800 metric tons in 2023. The company also reported a 17% increase in pharmaceutical-grade niacinamide shipments, primarily serving markets in North America and Western Europe.

List of Top Niacin And Niacinamide Companies

• Foodchem
• Vanetta
• Jubilant Life Sciences
• Vertellus Specialties
• Lasons India
• Zhejiang Lanbo Biotechnology
• Bactolac
• Lonza
• Koninklijke
• Fagron
• Merck
• Evonik
• Vanetta
• DSM
• Brother Enterprises
• BASF

REPORT COVERAGE

This report includes a thorough background analysis, a parent market evaluation, and an in-depth examination of market dynamics. Market size in the past, now, and in the future in terms of both value and volume. The report includes research on recent market developments, in-depth analysis of market shares and strategies of key competitors, as well as growing niche markets and regional market sectors.