U.S. Nicotinamide Prices 2025, Size, Trend, Graph, Chart and Forecast
U.S. Nicotinamide Prices 2025, Size, Trend, Graph, Chart and Forecast
In Q4 2024, the Nicotinamide (Vitamin B3) market in North America exhibited a mixed trend, starting with strength in October before experiencing persistent weakness through December. The quarter commenced with robust demand as pharmaceutical and nutrition supplement manufacturers increased procurement, driven by supply concerns and rising production costs in China. However, this bullish momentum was short-lived as market fundamentals shifted significantly.
After October, market dynamics evolved due to the growing availability of competitively priced material from Asian suppliers. US buyers adopted a cautious stance, reducing procurement volumes as supply chains stabilized and inventories remained sufficient. Although demand from the nutrition and animal feed sectors remained steady, it was insufficient to counter the market’s downward trajectory. Domestic distributors engaged in strategic destocking to manage year-end positions.
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By December, bearish sentiment intensified as suppliers accelerated destocking amid increasing competition ahead of the holiday season. The seasonal slowdown in the animal feed sector further weakened demand, while pharmaceutical buyers maintained minimal inventory levels. End-users took advantage of the softening market to negotiate better terms, adopting a wait-and-see approach as bearish conditions deepened. The quarter ended with sustained downward pressure driven by strategic destocking and cautious buying behavior.
In Q4 2024, Nicotinamide prices in APAC markets experienced significant volatility, beginning with a sharp increase in October before transitioning to a prolonged downturn. The initial price surge stemmed from rising production costs and temporary supply tightness following China’s Golden Week. However, as post-holiday operations resumed, market sentiment shifted with improved production rates and softening demand fundamentals.
Chinese manufacturers, initially firm due to production costs and environmental compliance requirements, gradually adjusted their stance in response to changing conditions. Increased competition among producers led several facilities to ramp up production to maintain market share. Trading activities slowed as both domestic and international buyers adopted conservative purchasing strategies.
By December, manufacturers focused on systematic destocking to manage year-end inventories amid weakening market conditions. Despite attempts to optimize production rates, inventory pressure increased across multiple facilities. Improved supply availability, softening demand, and strategic inventory management accelerated the downward price trajectory. Export markets remained particularly challenging, with competitive pressures intensifying as suppliers sought to sustain market positions.
In Q4 2024, Nicotinamide prices in Germany reflected global market volatility, starting with October's firmness before aligning with the broader downward trend. Initially, strong fundamentals supported demand as buyers responded to rising Asian offers and supply uncertainties. However, as market conditions deteriorated, European manufacturers faced mounting pressure to adjust prices.
Bearish sentiment intensified through November despite stable demand from the pharmaceutical sector. Buyers capitalized on shifting market dynamics to optimize procurement costs, while merchants encountered increasing margin pressure. Competition among distributors grew, prompting stock reductions to align with falling prices.
December saw an accelerated price decline as European distributors actively reduced inventories. The combination of strategic destocking, ample supply, and seasonal demand slowdowns sustained strong downward pressure. While pharmaceutical consumption remained relatively steady, the overall bearish market sentiment strengthened through the quarter’s end. The sustained price decline underscored both global market fundamentals and regional demand softness, creating a challenging environment for suppliers maintaining higher price positions.
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