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Global Niacin And Niacinamide Market Is Projected To Witness A Cagr Of 5% In Value By 2027

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Niacin and Niacinamide are revolutionary supplements that have gained traction for their ability to cut squamous cell and basal cell skin cancers by nearly 20% giving unprecedented rigor to its market. In addition, niacinamide based cosmetic and skin care formulations, on the back of their anti-ageing properties are gaining significant momentum. As a result, the market will nearly double to reach a valuation of US$ 1.6 Bn by 2027, as these attributes will help to position niacin and niacinamide as a miracle supplement in the near future. Fact.MR opines that with heightened uptake by drug and skin care product formulators, the global niacin and niacinamide market is projected to register a growth of over 5% over the forecast period (2019-2027).

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Key Takeaways from Niacin and Niacinamide Market:

“Rise of health conscious consumers worldwide has resulted in an escalated demand for niacin and nicinamide formulated supplements, pushing market players to align their portfolio and branding as per the market outlook of the chemical,” says Fact.MR analyst.

Niacin and Niacinamide Market: Segmentation

Fact.MR has studied the niacin and niacinamide market with detailed segmentation on the basis of form, end use, and region.

  • Powder
  • Granular
  • Liquid
End Use
  • Human Nutrition
  • Pharmaceuticals
  • Animal Nutrition
  • Cosmeceuticals
  • Others
  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa


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