Global Nicotinamide (NAA) (aka Niacinamide) market cagr 12.2%

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Nicotinamide (NAA) (aka

Niacinamide) Market

Nicotinamide (NAA) (aka Niacinamide) Market

Scope: Industry Analysis, Market Size, Growth, Trends Till 2031

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Nicotinamide (NAA) (aka Niacinamide) Market Size and Growth

The Nicotinamide (Niacinamide) market is experiencing robust growth, driven by increasing demand in cosmetics, pharmaceuticals, and dietary supplements. In 2023, the market size is estimated to exceed USD 1 billion, with a projected CAGR of around 9% over the next five years, reflecting rising consumer awareness and health trends.

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Companies Covered

(Covid 19 Impact Covered)

◍ Lonza

◍ Jubilant Life Sciences

◍ Vertellus

◍ Brother Enterprises

◍ Zhejiang Lanbo Biotechnology

◍ Lasons India

◍ Vanetta

◍ DSM

◍ Tianjin Zhongrui Pharmaceutical

The Nicotinamide (NAA) market features competitors like Lonza, Jubilant Life Sciences, and DSM, focusing on production for pharmaceuticals, cosmetics, and dietary supplements. These companies drive growth through innovation, capacity expansion, and strategic partnerships. Revenue figures show notable contributions, e.g., DSM reported $12.5 billion in overall sales.

Market Segmentation

By Application

◍ Feed Additives

◍ Food and Drinks Industry

◍ Pharmaceutical Industry

◍ Daily Chemicals

◍ Others

By Product

◍ Pharmaceutical Grade

Feed Grade

Food Grade

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Market Growth

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$ X Billion USD

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