Niacin, also known as nicotinic acid, is an organic compound and a form of vitamin B3. It has the formula C6H5NO2 and belongs to the group of the pyridinecarboxylic acid. Niacin is used in animal nutrition, food and beverages, pharmaceuticals, personal care and cosmetics industry. According to latest analysis by Gen Consulting Company, the niacin market in China is estimated to increase at the rate of 5.3% each year in the period from 2022 to 2028.
This industry report offers market estimates of the China market, followed by a detailed analysis of the application. The China market data on niacin can be segmented by application: cosmetics, feed, food & beverages, industrial, pharmaceuticals, others.
The China niacin market is highly competitive. Some of the leading companies operating in the market are Anhui Ruibang Biotechnology Co. Ltd. (Nanjing Red Sun Co. Ltd.), Brother Enterprises Holding Co. Ltd., Hebei Yanuo Bioscience Co. Ltd., Henan Xinyi Medicine Group Fine Chemical Industry Company Ltd., Jubilant Life Sciences Limited, Koninklijke DSM N.V., Lasons India Pvt. Ltd., Lonza Group AG, Mianyang Vanetta Chemical Industrial Co. Ltd. (Sichuan Yinhe Chemical Co. Ltd.), Nantong Acetic Acid Chemical Co. Ltd., Resonance Specialties Limited, Shandong Hongda Biological Technology Co. Ltd., Tianjin Handewei Pharmaceutical Co. Ltd., Tianjin Zhongrui Pharmaceutical Co. Ltd., Vertellus Holdings LLC, Zhejiang Aidiya Nutrition Technology Development Co. Ltd., Zhejiang Lanbo Biotechnology Co. Ltd.
The data-centric report focuses on market trends, status and outlook for segments. With comprehensive coverage of the market across different market segments, the report is a valuable asset for the existing players, new entrants and the future investors.
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| REPORT ATTRIBUTE | DETAILS |
|---|---|
| Base Year | 2021 |
| Forecast Year | 2022-2028 |
| CAGR (2022-2028) | 5.3% |
| Pages | 21 |
| Key Players | Anhui Ruibang Biotechnology Co. Ltd. (Nanjing Red Sun Co. Ltd.), Brother Enterprises Holding Co. Ltd., Hebei Yanuo Bioscience Co. Ltd., Henan Xinyi Medicine Group Fine Chemical Industry Company Ltd., Jubilant Life Sciences Limited, Koninklijke DSM N.V., Lasons India Pvt. Ltd., Lonza Group AG, Mianyang Vanetta Chemical Industrial Co. Ltd. (Sichuan Yinhe Chemical Co. Ltd.), Nantong Acetic Acid Chemical Co. Ltd., Resonance Specialties Limited, Shandong Hongda Biological Technology Co. Ltd., Tianjin Handewei Pharmaceutical Co. Ltd., Tianjin Zhongrui Pharmaceutical Co. Ltd., Vertellus Holdings LLC, Zhejiang Aidiya Nutrition Technology Development Co. Ltd., Zhejiang Lanbo Biotechnology Co. Ltd. |
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