Feed Grade Niacin and Niacinamide Market, also known as niacin or niacinamide, is a B-complex vitamin that is water-soluble and plays a significant role in maintaining a healthy nervous system, digestive system, and skin. In addition, the vitamin has been found to be useful in treating several medical conditions, such as pellagra, high cholesterol, and arthritis.

The global market for vitamin PP is predicted to grow steadily over the next few years, owing to the increasing awareness among consumers regarding the benefits of the vitamin and the increasing prevalence of chronic diseases that necessitate vitamin PP supplementation. According to a report by Market Research Future, the global vitamin PP market is expected to reach USD 333.5 million by 2027, growing at a CAGR of 5.5% from 2020 to 2027.

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Niacin and niacinamide are the two main forms of vitamin PP that are commonly used in the market. Niacin is primarily used in treating cardiovascular diseases and high cholesterol, while niacinamide is used in treating various skin conditions such as acne, rosacea, and hyperpigmentation. Both forms of the vitamin are available in a range of forms, including tablets, capsules, and liquid supplements.

The market for vitamin PP is highly fragmented, with numerous major players competing for market share. Some of the key players in the market include Lonza Group Ltd., Jubilant Life Sciences, BASF SE, DSM, Vertellus, Brother Enterprises Holding Co. Ltd., and Merck KGaA. These companies are heavily investing in research and development to develop new and innovative products to meet the growing demand for vitamin PP supplements.

One of the significant trends in the vitamin PP market is the increasing demand for natural and organic products. Consumers are increasingly looking for natural and organic products that are free from synthetic chemicals and additives. This has led to the development of new products that are derived from natural sources such as yeast, rice bran, and soybeans. Manufacturers of vitamin PP supplements are capitalizing on this trend and are offering organic and natural products to meet the growing demand.

Another trend in the market is the growing popularity of fortified foods and beverages. Food and beverage manufacturers are increasingly adding vitamin PP to their products to improve their nutritional profile and appeal to health-conscious consumers. This trend is expected to drive the demand for vitamin PP supplements in the coming years.

In conclusion, the global market for vitamin PP is expected to grow steadily over the next few years, driven by increasing consumer awareness of the benefits of the vitamin and the growing prevalence of chronic diseases that require vitamin PP supplements. Niacin and niacinamide are the two primary forms of vitamin PP that are widely used in the market, and the market is highly fragmented with several major players competing for market share. The growing demand for natural and organic products and fortified foods and beverages are two major trends in the market that are expected to drive the demand for vitamin PP supplements in the coming years. With this growth, it is expected that the market will continue to expand, providing opportunities for new players and innovations.

The global Feed Grade Niacin and Niacinamide Market is being driven by several key factors:

• Increasing demand for vitamin PP (niacin and niacinamide) in the health supplements industry: The large-scale applications of vitamin PP (niacin and niacinamide) in health supplements is a key factor driving the growth of the global Feed Grade Niacin and Niacinamide Market in the health supplements application segment. With growing awareness about the benefits of dietary supplements and a trend towards preventive healthcare, the demand for vitamin PP (niacin and niacinamide) in the health supplements industry is expected to continue to grow.

• Growing use of vitamin PP (niacin and niacinamide) in the pharmaceutical industry: Vitamin PP (niacin and niacinamide) is used in the production of anti-depressants, and this factor is boosting growth of the global Feed Grade Niacin and Niacinamide Market in the pharma grade segment. As the prevalence of mental health disorders continues to rise worldwide, the demand for anti-depressants and other related medications is expected to increase, thereby driving the growth of the Feed Grade Niacin and Niacinamide Market in the pharmaceutical industry.

• Health benefits associated with vitamin PP (niacin and niacinamide): The human body uses vitamin PP (niacin and niacinamide) for the extraction of energy from the food consumed. Vitamin PP helps in keeping the digestive system, the nervous system, and the skin healthy. It also acts as a moisturizing agent and hence, can be used for the treatment of severe skin dryness. Various scientific studies have shown the anti-inflammatory properties of vitamin PP. With increasing awareness about the health benefits of vitamin PP (niacin and niacinamide), its adoption is expected to increase, thereby driving the growth of the market.

• Increasing prevalence of skin diseases: With the rising prevalence of skin diseases such as acne, rosacea, eczema, and psoriasis, the demand for vitamin PP (niacinamide) in the cosmetics industry is expected to increase. Niacinamide is known to have anti-inflammatory and anti-acne properties and is used in a range of cosmetic products, including moisturizers, serums, and facial masks.

• Growing urbanization and changing lifestyles: As people increasingly adopt urban lifestyles, their dietary habits are also changing. The trend towards fast food and processed food is resulting in a deficiency of essential nutrients, including vitamin PP (niacin and niacinamide). This is driving the demand for dietary supplements and fortified foods, thereby fueling the growth of the Feed Grade Niacin and Niacinamide Market.

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