Global Vitamin B3 Market was valued at USD 0.2 Billion in 2022 and is projected to reach USD 0.3 Billion by 2030, growing at a CAGR of 7.0% from 2024 to 2030.
The Vitamin B3 market is experiencing significant growth, driven by its essential role in maintaining skin health, improving energy metabolism, and enhancing overall body function. Often referred to as niacin, Vitamin B3 is widely available in foods like meat, fish, and legumes. It has gained attention in recent years not only for its dietary benefits but also for its therapeutic applications, including the treatment of conditions like pellagra and its role in reducing cholesterol levels. Recent market research indicates that the demand for Vitamin B3 is expected to continue expanding as consumers become more health-conscious and seek natural supplements to improve their well-being. The growing awareness of the connection between nutrition and chronic diseases is likely to fuel further growth. This is especially true as Vitamin B3 is incorporated into a variety of personal care products, including skincare treatments and anti-aging creams. As one of the key players in the global dietary supplement market, Vitamin B3 is increasingly used in supplements targeting energy production and skin care. In particular, the rise in the aging population has contributed to the rising popularity of Vitamin B3-infused skincare products that promise to reduce the visible signs of aging. Furthermore, Vitamin B3’s role in improving circulation and skin barrier functions makes it highly sought after in the cosmetic industry. The Vitamin B3 market is also seeing an upward trend in Asia Pacific regions, where increasing awareness of health and wellness is leading to a surge in supplement consumption. With higher disposable incomes and a growing middle class, consumers in these regions are increasingly looking for nutraceutical solutions to improve their health. Innovation in the form of improved formulations and delivery methods, such as time-release supplements, are expected to further stimulate market growth in the coming years.
Get an In-Depth Research Analysis of the Global Vitamin B3 Market Size And Forecast [2025-2032]
Lonza
Jubilant Pharmova
Vertellus
Brother Enterprises Holding Co.
Ltd.
Lasons India
Mianyang Vanatta Chemical Industrial Company
DSM
Zhejiang Lanbo Biotechnology Co.
Ltd
Tianjin Zhongrui Pharmaceutical Co.
Ltd
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
Get Discount On The Purchase of the Global Vitamin B3 Market Size And Forecast [2025-2032]
Growing demand for below applications around the world has had a direct impact on the growth of the Global Vitamin B3 Market
Feed
Pharmaceutical
Food
Other
Based on Types the Market is categorized into Below types that held the largest Vitamin B3 market share In 2023.
Feed Grade Vitamin B3
Medical Grade Vitamin B3
Other Grade Vitamin B3
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Global, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
For More Information or Query, Visit @ Vitamin B3 Market Research Analysis
1. Introduction of the Global Vitamin B3 Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Vitamin B3 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Vitamin B3 Market, By Type
6. Global Vitamin B3 Market, By Application
7. Global Vitamin B3 Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Vitamin B3 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
About Us: Verified Market Reports
Verified Market Reports is a leading Global Research and Consulting firm servicing over 5000+ global clients. We provide advanced analytical research solutions while offering information-enriched research studies. We also offer insights into strategic and growth analyses and data necessary to achieve corporate goals and critical revenue decisions.
Our 250 Analysts and SMEs offer a high level of expertise in data collection and governance using industrial techniques to collect and analyze data on more than 25,000 high-impact and niche markets. Our analysts are trained to combine modern data collection techniques, superior research methodology, expertise, and years of collective experience to produce informative and accurate research.
Contact us:
Mr. Edwyne Fernandes
US: +1 (650)-781-4080
US Toll-Free: +1 (800)-782-1768
Website: https://www.verifiedmarketreports.com/