Niacinamide Beauty Products Market To Reach $846.5 Million By 2030

Niacinamide Beauty Products Market Growth & Trends

The global niacinamide beauty products market size is expected to reach USD 846.5 million by 2030, growing at a CAGR of 6.2% from 2024 to 2030, according to a new report by Grand View Research, Inc. The market has seen substantial growth, driven by evolving consumer trends, increased product adoption, and continuous innovation. Consumers are increasingly aware of the multifunctional benefits of niacinamide, including its anti-aging, anti-inflammatory, and skin-brightening properties. The rise in consumer awareness has been fueled by both scientific research and the widespread sharing of positive experiences on social media platforms.

Niacinamide’s anti-aging benefits are largely due to its ability to increase intracellular NAD and NADP, which function as antioxidants. These antioxidants play a critical role in increasing collagen production and preventing protein glycation, which in turn helps maintain skin elasticity and reduce the appearance of wrinkles and fine lines.

According to an article published in Practical Dermatology in May 2022, clinical studies, such as a double-blind, placebo-controlled trial, have demonstrated the efficacy of niacinamide in improving skin texture, reducing hyperpigmented spots, and diminishing red blotchiness and sallowness. These findings have significantly bolstered consumer trust and adoption of niacinamide-containing products.

Innovation within the niacinamide product segment has been marked by the introduction of higher-concentration formulations and hybrid products that combine niacinamide with other potent ingredients. For instance, as per the same source mentioned above, products featuring 10% or even 20% niacinamide have been developed to target more severe skin issues, while combinations with retinoids, hyaluronic acid, and other actives offer comprehensive skin benefits. This trend towards high-performance and multi-functional skincare has been a significant driver of market growth.

In April 2024, Eight Saints introduced the Original Cin Niacinamide 10% Face Serum, featuring a high concentration of niacinamide to effectively reduce dark spots and redness through anti-inflammatory properties. The serum also includes hyaluronic acid for enhanced hydration and minimizes fine lines and wrinkles. Suitable for all skin types and both morning and evening use, this formula promotes keratin production, strengthens the skin’s lipid barrier to retain moisture, and boosts collagen production, contributing to a smoother and more even complexion.

Product adoption has also been influenced by the formulation of niacinamide in various product types, including serums, emulsions, and moisturizers, catering to diverse consumer preferences. Serums, in particular, have gained popularity for their high concentration and quick absorption, making them ideal for targeting specific skin concerns effectively. Emulsions and creams with lower concentrations are favored for their gentle, hydrating properties, suitable for sensitive skin and beginners.

Regionally, the niacinamide beauty products market has strong footholds in North America, the U.S., Asia Pacific, and Europe. In North America, high consumer awareness and demand for innovative skincare solutions drive the market. The U.S. specifically shows robust demand, with consumers prioritizing advanced, multi-functional skincare products.

Asia Pacific, led by South Korea and Japan, is at the forefront of skincare innovations, heavily influencing global trends. In Europe, the market is characterized by a preference for high-quality, natural, and effective skincare ingredients, with stringent regulatory standards ensuring product efficacy and safety.

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Niacinamide Beauty Products Market Report Highlights

• Emulsions deliver niacinamide effectively without the heaviness of creams, providing hydration, reducing redness, and improving skin texture. Their ability to combine water and oil phases ensures better penetration and absorption of niacinamide, enhancing its effectiveness. Emulsions are particularly favored in skincare routines that emphasize layering and hydration without overloading the skin.

• Consumers prefer niacinamide concentrations of 2% and 5% in combination with sunscreen for effectively reducing facial hyperpigmentation. This combination not only addresses pigmentation concerns but also promotes a more even skin tone, making it a favored choice in skincare routines for those seeking to enhance the efficacy of their sun protection while targeting uneven skin texture and dark spots.

• There has been a noticeable increase in male consumers integrating niacinamide into their skincare routines. Men are attracted to niacinamide for its oil-regulating and anti-inflammatory benefits, which align with common male skincare concerns such as acne and oily skin.

• Sales channels have played a crucial role in the distribution and accessibility of niacinamide products. The online channel, in particular, has seen significant growth, offering consumers a wide range of products, detailed reviews, and competitive pricing. The convenience of online shopping, further accelerated by the COVID-19 pandemic, has made it the preferred choice for many consumers.

Niacinamide Beauty Products Market Segmentation

Grand View Research has segmented the global niacinamide beauty products market based on the product, concentration, end-use, distribution channel, and region:

Niacinamide Beauty Product Outlook (Revenue, USD Million, 2018 - 2030)

• Serums

• Creams

• Emulsions

• Face/Body Wash

• Others

Niacinamide Beauty Products Concentration Outlook (Revenue, USD Million, 2018 - 2030)

• Below 5%

• 5% to 10%

• 10% to 15%

• Above 15%

Niacinamide Beauty Products End Use Outlook (Revenue, USD Million, 2018 - 2030)

• Women

• Men

Niacinamide Beauty Products Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• Supermarkets/Hypermarkets

• Online

• Specialty Stores

• Drugstores/Pharmacies

• Others

Niacinamide Beauty Products Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

  • Spain

  • Italy

• Asia Pacific

  • China

  • India

  • Japan

  • Australia

  • South Korea

• Central & South America (CSA)

  • Brazil

• Middle East & Africa (MEA)

  • South Africa

List of Key Players of the Niacinamide Beauty Products Market

• L’Oreal S.A

• Unilever

• Beiersdorf

• The Estee Lauder Companies

• Minimalist

• Kao Corporation

• AMOREPACIFIC US, INC.

• Shiseido

• SkinCeuticals

• Johnson & Johnson