Niacinamide: A Market Poised for Growth and Innovation

 The global niacinamide market, valued at $546.1 million in 2021, is expected to surge to $832.4 million by 2031, registering a steady CAGR of 4.3% from 2022 to 2031. As a crucial form of vitamin B3, niacinamide has cemented its place in pharmaceuticals, nutraceuticals, and cosmeceuticals, thanks to its wide-ranging applications. From skincare solutions to animal nutrition and pharmaceutical formulations, the demand for niacinamide is witnessing an upward trajectory. Let's explore the factors driving this growth and emerging trends in the industry.


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