United States Vitamin B3 Market was valued at USD 0.4 Billion in 2022 and is projected to reach USD 0.6 Billion by 2030, growing at a CAGR of 5.8% from 2024 to 2030.
The U.S. vitamin B3 market has experienced significant growth in recent years, driven by increasing consumer awareness of its health benefits and its widespread applications across various industries. Vitamin B3, also known as niacin or nicotinic acid, plays a crucial role in energy metabolism, cardiovascular health, and skin care. Its versatility has led to its incorporation in dietary supplements, pharmaceuticals, and cosmetic products.
In 2024, the global vitamin B3 market was valued at approximately USD 390.88 million and is projected to reach USD 521.26 million by 2033, reflecting a compound annual growth rate (CAGR) of 3.25% during the forecast period from 2025 to 2033. This growth is largely attributed to the rising demand for vitamin B3 in the U.S., where its applications span from treating cardiovascular diseases to enhancing skin health.
One of the key factors contributing to the market's expansion is the increasing consumer preference for natural sources of vitamin B3. Natural sources, such as peanuts, beef liver, and certain mushrooms, accounted for more than 97% of the market share in 2024. This trend is driven by a growing demand for clean-label products and transparency in ingredient sourcing, with consumers seeking products derived from traceable and wholesome origins.
The pharmaceutical industry remains a dominant sector for vitamin B3, with its use in treating conditions like pellagra—a deficiency disease caused by niacin deficiency—and hyperlipidemia, which involves high cholesterol levels. Additionally, the cosmetic industry has embraced vitamin B3 for its skin-rejuvenating properties, leading to its inclusion in various skincare products aimed at improving skin texture and reducing signs of aging.
However, the market faces challenges, including regulatory controls on supplement usage limits and fluctuations in raw material availability, which can impact production costs and supply stability. Despite these challenges, ongoing innovations in vitamin B3 formulations and applications continue to drive market growth, offering consumers a range of products that cater to diverse health and wellness needs.
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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.
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Growing demand for below applications around the world has had a direct impact on the growth of the US Vitamin B3 Market
Pharmaceuticals
Nutraceuticals
Food and Beverages
Cosmetics and Personal Care
Animal Feed
Powder
Tablet
Capsule
Liquid
Pharmaceutical Companies
Food Manufacturers
Cosmetic Brands
Health and Wellness Sectors
Research Institutions
Synthetic Vitamin B3
Natural Vitamin B3
Online Retailers
Supermarkets and Hypermarkets
Pharmacies
Health Stores
Direct Sales
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, 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)
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1. Introduction of the US 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. US Vitamin B3 Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. US Vitamin B3 Market, By Type
6. US Vitamin B3 Market, By Application
7. US Vitamin B3 Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. US Vitamin B3 Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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