Global Vitamin B3 Market Size & Outlook, 2024-2030
The global vitamin b3 market size was estimated at USD 372.0 million in 2023 and is projected to reach USD 434.3 million by 2030, growing at a CAGR of 2.2% from 2024 to 2030.
Revenue, 2023 (US$M)
$372.0
Forecast, 2030 (US$M)
$434.3
CAGR, 2024 - 2030
2.2%
Report Coverage
Worldwide
Global vitamin b3 market, 2018-2030 (US$M)
Related Markets
Global vitamin b3 market highlights
- The global vitamin b3 market generated a revenue of USD 372.0 million in 2023 and is expected to reach USD 434.3 million by 2030.
- The market is expected to grow at a CAGR (2024 - 2030) of 2.2% by 2030.
- In terms of segment, natural accounted for a revenue of USD 351.8 million in 2023.
- Natural is the most lucrative source segment registering the fastest growth during the forecast period.
- In terms of region, Asia Pacific was the largest revenue generating market in 2023.
- Country-wise, ANZ is expected to register the highest CAGR from 2024 to 2030.
Global data book summary
| Market revenue in 2023 | USD 372.0 million |
| Market revenue in 2030 | USD 434.3 million |
| Growth rate | 2.2% (CAGR from 2024 to 2030) |
| Largest segment | Natural |
| Fastest growing segment | Natural |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Natural, Synthetic |
Other key industry trends
- In terms of revenue, the North America accounted for 29.1% of the global vitamin b3 market in 2023.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, ANZ is the fastest growing regional market and is projected to reach USD 10.7 million by 2030.
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Vitamin B3 Market Scope
Vitamin b3 market segmentation & scope
Vitamin B3 Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Jubilant Life Sciences | View profile | 5001-10000 | Amroha, Uttar Pradesh, India, Asia | http://www.jubl.com/ |
| Spectrum Chemical Manufacturingrp | View profile | 101-250 | New Brunswick, New Jersey, United States, North America | https://www.spectrumchemical.com |
| DSM | View profile | 10001+ | Heerlen, Limburg, The Netherlands, Europe | http://www.dsm.com |
| Glanbia PLC | View profile | 5534 | Ring Road, Glanbia House, Kilkenny, Ireland, R95 E866 | https://www.glanbia.com |
| Basf SE | View profile | 111855 | Carl-Bosch-Strasse 38, Ludwigshafen am Rhein, Germany, 67056 | https://www.basf.com |
Global vitamin b3 market size, by regions, 2018-2030 (US$M)
Top 10 countries: Vitamin b3 market size, 2023 (US$M)
Global vitamin b3 market share, by source, 2023 & 2030 (%, US$M)
Vitamin b3 market: Opportunity assessment by country
Global vitamin b3 market, by region, 2023 (US$M)
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