Feed Grade Niacinamide Market size is estimated to be USD 120 Million in 2024 and is expected to reach USD 200 Million by 2033 at a CAGR of 6.5% from 2026 to 2033.
The Feed Grade Niacinamide Market was valued at approximately USD 450 million in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.8% from 2023 to 2030. This growth is driven by the increasing demand for animal feed additives that improve livestock health and productivity. Niacinamide, a form of vitamin B3, is commonly used to enhance the nutritional content of animal feed, ensuring better growth rates and overall health in animals. The market is also bolstered by the rising awareness about the importance of animal nutrition in improving meat quality and productivity. By 2030, the market size is expected to reach over USD 850 million, reflecting strong growth across all regions. Regionally, North America and Europe held significant shares in the Feed Grade Niacinamide Market in 2022, with North America accounting for over 35% of the global market share due to the established livestock farming industry and high feed additive adoption. Europe followed closely, driven by increasing demand for meat and dairy products. The Asia Pacific region is anticipated to witness the highest growth during the forecast period, with a CAGR of 7.5%, fueled by expanding animal farming industries in countries like China and India. The Latin American and Middle Eastern markets are also expected to grow steadily, providing new opportunities for market players to tap into emerging economies and improve feed quality in these regions.
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Lonza
Jubilant Life Sciences
Vertellus
Brother Enterprises
Zhejiang Lanbo Biotechnology
Lasons India
Vanetta
DSM
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. 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 Global Feed Grade Niacinamide Market
Powdered Niacinamide
Liquid Niacinamide
Synthetic Niacinamide
Natural Niacinamide
Poultry Feed
Pig Feed
Cattle Feed
Pet Food
Commercial Feed Manufacturers
Livestock Farms
Pet Food Producers
Online Distribution
Offline Distribution
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 Global Feed Grade Niacinamide 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 Feed Grade Niacinamide Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Feed Grade Niacinamide Market, By Type
6. Global Feed Grade Niacinamide Market, By Application
7. Global Feed Grade Niacinamide Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Feed Grade Niacinamide Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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