Global Vitamin B3 Market is valued around USD 315.2 Million in 2020 and expected to reach USD 379.8 Million by 2027 with the CAGR of 2.7% over the forecast period.
Vitamin B3 is a fundamental micronutrient commercially accessible in regular and synthetic structures; it is utilized in nourishment, consumer, pharmaceutical agrochemicals, and different applications for advancement or fortification purposes, to improve the nutrient value of the final products. Vitamin B3 otherwise called nicotinic acid refers to a natural compound and is referred to be as one of the 20 to 80 fundamental human nutrients.
Combining with nicotinamide it forms the group of nutrient B3 complex. It comprises of C6H5NO2 and classified under the pyridine carboxylic acids. It is available in many processed food varieties having a higher substance of fish, salmon, sustained packaged food and in specific vegetables. Vitamin B3 supplements are exceptionally valuable to individuals experiencing high blood cholesterol and niacin or vitamin B3 deficiency.
The nutrient is essential for the body and its deficiency can affect skin and mouth injuries, queasiness, weakness, migraines and sleepiness. It is needed for the appropriate working of the body, as it has various medical advantages, like the actual working of the nervous system, the improvement of skin health, production of red platelets and cellular energy. Vitamin B3 in dairy steers has different advantageous impacts, for example, preventing metabolic issues, working on digestive system for better body condition.
Lonza Group AG Company is Swiss multinational chemicals and biotechnology company,Which is established in 1897 and headquartered at Muenchensteinerstrasse 38, Basel, Basel-City, 4002, Switzerland. Lonza Group AG, a Life Sciences driven chemical company, supplies active ingredients, chemical intermediates and biotechnology solutions to the pharmaceutical and agrochemical industries. The company also offers a catalogue of organic intermediates for a range of applications, such as pharmaceuticals, agrochemicals, vitamins, food and feedstuff, dyes and pigments, adhesives and fragrances. It also manufactures specialty biocides and oleochemicals; and develops and produces specific polymer intermediates, unsaturated polyester-resins, compounds and composites. Lonza Group AG had nearly 13,865 Employees and had revenue of $5 Billion.
Jubilant Life Sciences Ltd Is Indian company Which is established in 2007 and Its headquartered at 1-A, Sector - 16A, Noida, Uttar Pradesh, 201301, India. Jubilant Life Sciences Limited is an integrated global pharmaceutical and life sciences company engaged in Pharmaceuticals, Life Science Ingredients and other businesses including Drug Discovery Solutions and India Branded Pharmaceuticals. The Pharmaceuticals business, through its wholly owned subsidiary Jubilant Pharma Limited, is engaged in manufacture and supply of APIs, Solid Dosage Formulations, Radiopharmaceuticals, Allergy Therapy Products and Contract Manufacturing of Sterile. Jubilant Life Sciences Ltd had nearly 2,554 Employees and had revenue of $1 Billion.
Glanbia plc is an Irish global nutrition group Which is established in 1997 and Its headquartered at Glanbia House Ring Rd, Kilkenny, Leinster, Ireland. Glanbia plc Company has reflected their focus on maximizing the value of their product portfolio particularly in the context of the ongoing global trend towards greater nutrition and health. It has been achieved through a combination of organic growth, strategic acquisitions, and targeted disposals. Company had nearly 7,385 Employees and had revenue of $ 4 Billion.
Vertellus is a American corporation Which is established In 1857 and headquartered at 201 N Illinois Street, Suite 1800, Indianapolis, Indiana, 46204, United States. Vertellus is a specialty chemicals company focused on the manufacture of ingredients used in pharmaceuticals, personal care, nutrition, agriculture, and a host of other market areas affected by trends favoring “green” technologies and chemistries. Vertellus had nearly 900 Employees and had revenue of $424 Million.
Brother Enterprises Holding Co. is a Chinese company Which is established in 1991 and headquartered at No. 3, Caijiashiqiao, Zhejiang, China. Brother Enterprises Is an international chemical group covering five business divisions of leather chemicals, vitamins, aroma ingredient, active pharmaceutical ingredients and catalyst, and having multiple wholly-owned subsidiaries. Brother Enterprises Holding Co.,Ltd. manufactures vitamin products. The Company produces thiamine nitrates, thiamine hydrochlorides, thiamine nitrate granules, nicotinic acids, and other products. Brother Enterprises Holding also produces leather chemical products. Company had nearly 2,292 Employees and had revenue of $ 205 Million .