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Guidelines for the Enrichment of Foods to Include Niacin and Niacinamide in Most Food Products to Promote Growth
Niacin and niacinamide have been approved by the US Food and Drug Administration. United to treat patients with pellagra. Over the years, niacin has remained well recognized for treating people with high cholesterol, but recent studies have shown that niacin has unwanted side effects when used to treat cholesterol . In countries where malnutrition is one of the main concerns, regulators set guidelines for the fortification of foods, including edible oil, salt, milk, wheat flour and rice. The inclusion of niacin and niacinamide in the majority of these food products is one of the aspects of food fortification in these countries, to prevent vitamin B deficiency.
market niacin and niacinamide
Vitamin B3 deficiency causes the development of pellagra. Although pellagra is less prevalent in developed regions through food fortification programs, some African countries such as Ethiopia, Zaire and Malawi have reported a series of cases related to the pellagra. A health-conscious trend is developing in developed regions, as consumer awareness of the health benefits of various dietary supplements such as niacin and niacinamide is on the rise. In addition, the use of niacin in cosmetics, especially in cosmetics for skin care, is attracting more and more users because of its ability to protect skin cells from the skin. UV rays.
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As projected by Future Market Insights (IMF) in its new research badysis, the global market for niacin and niacinamide will develop on a stable CAGR during the forecast period (2017-2026 ). Global sales of niacin and niacinamide are expected to generate revenues of approximately US $ 1,500 million by 2026.
Europe will dominate the global niacin and niacinamide market in terms of revenues
Europe will continue to dominate the global niacin and niacinamide market in terms of revenues. The rise in cases of Downer Cow Syndrome (DCS) in dairy cattle and the increase in the number of cases related to childhood obesity are the main factors likely to influence the demand for niacin and niacinamide in the area. Physical inactivity and unhealthy eating patterns are the leading causes of overweight and obesity among young and older people in European countries, becoming a major concern for the health care sector of the region. Niacin has the potential to improve fatness, insulin sensitivity, glucose tolerance, and lipid profile, while modulating the level of adiponectin, thus effectively complementing management. of obesity. Doctors in the area strongly recommend taking vitamin B3 supplements, such as niacinamide, to treat complications badociated with obesity.
In addition, niacin is closely related to improving energy metabolism and increasing glucose levels. The government and private institutes in the region are taking initiatives to publicize the benefits of niacin in the prevention and treatment of DCS and to improve milk production in dairy cows.
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Key Research Findings of MFIs
The powdery form of niacin and niacinamide will continue to be sought after by consumers, with sales accounting for more than two-thirds of market share between 2017 and 2026
should remain the largest end use of niacin and niacinamide worldwide during the forecast period
Monitoring the competition
The main actors presented by the MFIs' report include Lonza Group AG, Koninklijke DSM SA, Bactolac Pharmaceutical Inc., Merck KGaA, BASF SE, Foodchem International Corporation, Evonik Industries AG, Jubilant Life Sciences Limited, Vertellus Specialties Inc., Fagron SA, Zhejiang NHU Company Ltd., and Brother Enterprises Holding Co., Ltd.
Table of Contents
Chapter 1 Global Outlook
Chapter 2 The Global Market for Niacin and Niacinamide – Summary
Chapter 3 Overview of the Global Niacin and Niacinamide Market
3.1 Introduction
3.1.1 Global Niacin and Niacinamide Market Taxonomy
3.1.2 Definition of the Global Market for Niacin and Niacinamides Niacinamide
3.2 Global Market Size of Niacin and Niacinamide (US $ Million) and Forecasts, 2012-2026
3.2.1 Global Market Growth in Niacin and Niacinamide YoY
3.3 Dynamics of the Niacinamide and Niacinamide World Market
3.4 Supply Chain
3.5 Cost Structure
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