The Niacin and Niacinamide Market represents a steadily expanding segment of the global vitamins and specialty ingredients industry. Niacin (Vitamin B3) and its derivative niacinamide play a critical role in human and animal metabolism, pharmaceutical formulations, skincare products, and nutritional supplements. With growing awareness around preventive healthcare, nutrition optimization, and skin health, the market is expected to register a CAGR of 4.9% from 2025 to 2031, reflecting stable long-term demand across multiple industries.
Their deficiency can lead to serious health conditions, which underlines their importance in pharmaceutical and nutritional applications. At the same time, niacinamide has gained widespread popularity in cosmeceuticals due to its anti-inflammatory, skin-brightening, and barrier-strengthening properties. This dual medical and cosmetic relevance makes the market resilient to economic fluctuations.
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