ALL >> Food,-Cooking-and-Drink >> View Article
Vitamin B3 Market – Development And Trends To 2025

The Vitamin B3 market size is estimated to be valued USD 330 million in 2020 and is expected to reach a value of USD 373 million by 2025, growing at a CAGR of 2.5 % during the forecast period.
There has been a rise in the prevalence of vitamin deficiencies due to hectic lifestyles, shortened mealtime, and loss of nutrition during cooking and processing of food in recent years. However, rising consumer awareness regarding this has resulted in a focus on vitamin intake. Additionally, rising awareness about diseases caused by vitamin deficiency is also fueling consumers to adopt vitamin B3 in their busy lifestyles.
Download PDF brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=111568461
Vitamin B3 is an essential micronutrient commercially available in natural and synthetic forms; it is used in pharmaceutical, nutrition, consumer, agrochemicals, and other applications for enrichment or fortification purposes, to enhance the nutrient value of the end products.
Vitamin B3 is exhibiting strong growth in demand with the rising trend for functional, nutraceutical, and fortified food products. ...
... The markets in North America and Europe have been growing consistently due to the established vitamin supplements and premixes industry and the presence of international vitamin manufacturers. The Asia Pacific region is also a major market for vitamin B3, where China is projected to grow at a significant rate due to the rise in investments by major manufacturers, including DSM, Jubilant, and Lonza in the country.
The rising demand for vitamin B3 as feed additives or in premixes from the animal nutrition industry and increasing demand for high-quality meat products have also been essential factors responsible for increasing the demand for vitamin B3 across the world. There have been several initiatives that have been undertaken by vitamin B3 manufacturers to help strengthen their production capabilities through the expansion of their manufacturing facilities. Many companies have also looked at acquisitions of vitamin B3 and premix manufacturing companies to help increase their product portfolio.
The Asia Pacific market was the largest in 2019, also having the highest CAGR of 2.9%. The market in this region is majorly driven by India and China, which are the largest producers, exporters, and consumers of vitamins. Further, the rise in incomes, increase in purchasing power, and significant consumer demand for nutritional & healthy products are also driving the consumption of vitamins in various industries in the region.
Request for Customization of the Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=111568461
North American and European consumers are becoming increasingly health-conscious, which has led to the growing consumption of nutrient-rich foods in these regions. The market in these regions is also driven by the prevalence of chronic diseases due to hectic and unhealthy lifestyles. In RoW, various government initiatives in terms of food fortification with vitamins, along with an increase in consumer awareness about the benefits of functional foods and growth of health-consciousness, are fueling the market growth for vitamin B3.
The production process of vitamin B3, mainly synthetic, is considered to have a potentially harmful impact on the environment if proper standard operating procedures are not followed. Most synthetic vitamins are manufactured from petroleum extracts and coal tar derivatives, which leave a significant effect on the environment. This poses to be a challenge for the Vitamin B3 industry.
Add Comment
Food, Cooking and Drink Articles
1. Wine Coolers In Uk | Commercial Wine FridgesAuthor: Mansi Patel
2. Discover The Best Thai Food In Victoria
Author: John Vik
3. Discover The Best Thai Restaurant In Victoria For Authentic Flavors
Author: John Vik
4. Beyond The Green: The World’s Growing Love For Matcha Tea
Author: Anuj Kataria
5. A Golden Brew: The Health Secrets Of Turmeric & Ginger Tea
Author: John Smith
6. The Keto Diet: Benefits, Risks, And Is It Right For You?
Author: Impaakt Magazine
7. Order Donuts Online In Denton – Sweet Convenience At Your Fingertips
Author: Amysdonut
8. Top Milled Potato Flakes Manufacturer In India – Fanidhar Potato Flakes
Author: Fanidhar
9. Instamart And Zepto Data Scraping For Demand Forecasting
Author: Web Data Crawler
10. Best Restaurant In Nagpur – For Families, Parties & Food Lovers
Author: Dr. Shravan Khetn
11. Key Leadership Elevations Announced At Elior India
Author: Alan Joy
12. The Umami Appeal: How To Perfect Miso Soup At Home
Author: John Smith
13. Top 10 Donut Places In Chennai
Author: prasanth
14. North America Plant Protein Market Outlook 2025 To 2032 Emerging Trends And Opportunities
Author: Suvarna
15. Best Continental Restaurants In Chennai | Top 10 Dining Spots
Author: prasanth