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Pulished Date October, 2021
ID: 12257
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North America Vitamin B3 Market by Type (Pharmaceutical Grade and Feed Grade), Form (Wet and Dry), Source (Synthetic, Natural), Application (Agrochemicals, Consumer Goods, Nutrition, and Pharmaceutical), and By Region (North America, Europe, Asia Pacific, Latin America, Middle East and Africa, and Rest of the World) - Growth, Size, Share, Trends, Impact of COVID-19 and Forecast (2021-2026)

Pulished: October, 2021
ID: 12257
Pages: 140

North America Vitamin B3 Market Demand Size Insights 2021-2026:

North America Vitamin B3 Market size was worth USD XX million in 2020, so it is estimated to reach USD XX million by 2026, growing at a CAGR of XX%. Vitamin B3 is an essential vitamin commercially available in both natural and synthetic forms; it is used for enrichment or fortification in pharmaceutical, nutrition, consumer, agrochemical, and other applications to increase the nutritional content of the end products. In addition, factors such as increased demand for functional and nutritionally enriched processed food products feed fortification due to grown worldwide meat and dairy product consumption, and the prevalence of vitamin B3 deficiency have driven the vitamin B3 market to new heights.

Recent Developments:

  1. DuPont Nutrition & Health and Lonza Specialty Ingredients established a collaborative partnership in HMO in February 2019. Dupont has demonstrated a crucial commitment to Lonza to minimize the time to market and provide customers with high-quality HMOs. The collaboration with Lonza has been critical in building a corporate growth plan and producing high-quality health and wellness products.
  2. Lonza bought a sterile fill production facility from Novartis in Switzerland in July 2019. The company plans on-site production of nutrition and nutritional elements. This enables you to deliver more commodities to clients in larger quantities.
  3. Jubilant Biosys Limited concluded its merger with Jubilant Chemsys Limited, which is situated in Noida, India, in July 2020. Furthermore, the combined entities will now be known as Jubilant Biosys Limited. The combination will streamline operations and give clients access to a single brand for Discovery, IND, PR&D, and GMP development services.
  4. DSM completed its acquisition of Glycom in April 2020. DSM hopes to expand its HMO portfolio with this acquisition.

Market Growth


With rising worries about fulfilling daily nutritional requirements through processed foods, the food sector is driving the increase in vitamin demand. Consumers are selecting fortified meals and are willing to pay for nutritionally enriched food products as health consciousness, and a focus on preventative healthcare grow. Dairy-based beverages, bread items, and flours are increasingly fortified with various B vitamins to improve their nutritional value. Since monogastric animals cannot generate vitamin B complex molecules in their bodies like ruminants, there is a high demand for vitamin supplements in this industry. Because of the organized expansion of these fields, key players are building a market position in the poultry and swine segments.


With rising demand for meat, milk, and eggs, livestock owners utilize vitamin B3 feed additives unrestrictedly to boost cattle weight, productivity, and reproductive health. Because vitamin B3 is used to improve disease resistance and yield metrics in cattle, a high concentration of vitamin B3 in these products is harmful to the animal, human, and environmental health. As a result, livestock producers and food and beverage makers prefer to reduce production costs by choosing cheaper feed sources, affecting demand for nutritional feed supplements. 




Market Size Available

2020 – 2026

Base Year


Forecast Period

2021 - 2026



Segments Covered

By Type, By Form, By Source, and By Application

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities, Company Profiles, Primary and Secondary Analysis, Company's Revenue Analysis, and etc.

Countries Covered

The United States, and Canada

Market Segmentation

The North America Vitamin B3 Market is segmented by Type, Form, Source, and Application.

By Type

  • Pharmaceutical grade
  • Feed grade

The market is divided into Pharmaceutical Grade and Feed Grade. The feed grade category holds a significant share of the Vitamin B3 industry. Enhanced metabolic activity necessitates the use of vitamin B3 feed grade. It aids in the digestion of lipids, carbs, and proteins in animals. Vitamin B3 consumption facilitates the functioning of the bones, skin, digestive system, mucous membranes, and central nervous system. It is among the most commonly administered vitamins, especially in the swine and poultry sectors. Vitamin B3 is utilized in feed-grade applications in broilers to address limb issues while retaining strong mass growth. On the contrary, niacin administration before slaughtering tends to increase the quality of meat in swine. Vitamin B3 is advantageous to dairy cattle in a variety of ways.

By Form

  • Wet
  • Dry

The market is primarily categorized into wet and dry. Dry is the segment with the largest market share and the fastest growth rate in the Vitamin B3 market. Consumption increased in 2019 due to the simplicity with which dried forms can be blended into diverse substances. Dry conditions are also convenient to carry and transport over greater distances. In addition, numerous effects of vitamin B3, such as increased metabolism, immune and gastrointestinal health, and utilization in a wide range of industries, have contributed to this segment's domination in the vitamin B3 market.

By Source

  • Synthetic
  • Natural

The market is augmented into Synthetic and Natural. In 2019, the synthetic sector held the most significant market share due to the cheaper cost of manufacturing synthetic vitamin B3 than natural vitamin B3, along with a limited supply of raw materials for natural vitamin extraction. Coal tar, ammonia, acids, 3-cyanopyridine, and formaldehyde are commonly used to synthesize synthetic vitamin B3. They are mass-produced, and their popularity can be linked to lower manufacturing costs and more excellent stability than natural vitamins, allowing significant room for expansion in this category.

By Application

  • Agrochemicals
  • Consumer goods
  • Nutrition
  • Pharmaceutical

The market is segmented into Agrochemicals, Consumer Goods, Nutrition, and Pharmaceuticals. In 2019, the nutrition section had the highest share. The majority of vitamin mixes, health supplements, and nutritional food and beverages contain vitamin B3. It offers numerous advantages for both the animal and the human body. For example, vitamin B3 decreases LDL cholesterol and is used to treat high cholesterol. This is a preventive measure for a variety of cardiac problems. Vitamin B3 also helps with cognitive function and skin health. In addition, vitamin B3 enhances bone health and lowers the risk of arthritis in animals.

Regional Analysis

  • U.S
  • Canada
  • Rest of North America

The North America Vitamin market is divided into three major regions: the United States, Canada, and Mexico. Increasing utilization of vitamin supplements and the accessibility of superior research laboratories for generating goods are driving up market opportunities in these regions.

Impact of COVID-19 on North America Vitamin B3 Market

The influence of COVID-19 on feed intake has had a significant effect on the demand for meat and livestock goods and derivatives, such as eggs and milk. The desire for organic vitamin supplements and nutritional substitutes has increased, boosting the market for plant-based vitamin supplements. Several vitamin B3 supplements with immunity-boosting qualities are available commercially and are seeing increased sales since the introduction of the new coronavirus to reduce the risk of infection. Following the epidemic and subsequent lockdown, people's health consciousness has increased dramatically, resulting in a greater demand for items that boost immunity. With the spread of COVID-19, manufacturers of vitamin B3 are expected to slow down in 2020 due to lockdowns, international border closures, and delays in cross-border transit, all of which affected the supply chain. In addition, governments limit the number of people who can work together in businesses by enacting policies such as social distance. As government limitations ease, the market for vitamin B3 is expected to revive gradually beginning in 2021. Although food demand has been increasing, COVID-19 has had a substantial influence on supply. Lockdowns and a rise in infected patients are causing labor constraints and a decrease in raw material availability. The disruption in supply channels has also resulted in food supply delays. However, demand for vitamin B3 processing in the milk and dairy industry is increasing and is expected to increase in the first and second quarters of 2021.

Key Players

Major Players in the North America Vitamin B3 Market are 

  • Glanbia plc
  • Lonza Group AG
  • Spectrum Chemical Mfg. Corp.
  • The Western Drugs Ltd.
  • Ishita Drugs & Industries Ltd.
  • Zhejiang Chemvplus Biotech Co.
  • Yuki Gosei Kogyo Co., Ltd.
  • The Chemical Co.
  • Gehring Montgomery, Inc.
  • NutraScience Labs

1. Introduction                                 

                1.1 Market Definition                    

                1.2 Scope of the report                 

                1.3 Study Assumptions                 

                1.4 Base Currency, Base Year and Forecast Periods                           

2. Research Methodology                                           

                2.1 Analysis Design                         

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Data Modelling     

                                2.2.4 Expert Validation  

                2.3 Study Timeline                          

3. Report Overview                                        

                3.1 Executive Summary                

                3.2 Key Inferencees                       

4. Market Dynamics                                       

                4.1 Impact Analysis                        

                                4.1.1 Drivers      

                                4.1.2 Restaints 

                                4.1.3 Opportunities        

                4.2 Regulatory Environment                       

                4.3 Technology Timeline & Recent Trends                            

5. Competitor Benchmarking Analysis                                    

                5.1 Key Player Benchmarking                     

                                5.1.1 Market share analysis         

                                5.1.2 Products/Service 

                                5.1.3 Regional Presence

                5.2 Mergers & Acquistion Landscape                      

                5.3 Joint Ventures & Collaborations                        

6. Market Segmentation                                              

                6.1 Vitamin B3 Market , By Type               

                                6.1.1 Pharmaceutical Grade        

                                6.1.2 Feed Grade            

                                6.1.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.1.4 Y-o-Y Growth Rate Analysis              

                                6.1.5 Market Attractiveness Index           

                6.2 Vitamin B3 Market , By Form                              

                                6.2.1 Wet           

                                6.2.2 Dry             

                                6.2.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.2.4 Y-o-Y Growth Rate Analysis              

                                6.2.5 Market Attractiveness Index           

                6.3 Vitamin B3 Market , By Source                           

                                6.3.1 Synthetic 

                                6.3.2 Natural     

                                6.3.3 Market Size Estimations & Forecasts (2021-2026)   

                                6.3.4 Y-o-Y Growth Rate Analysis              

                                6.3.5 Market Attractiveness Index           

                6.4 Vitamin B3 Market , By Application                  

                                6.4.1 Agrochemicals       

                                6.4.2 Consumer Goods 

                                6.4.3 Nutrition  

                                6.4.4 Pharmaceutical     

                                6.4.5 Market Size Estimations & Forecasts (2021-2026)   

                                6.4.6 Y-o-Y Growth Rate Analysis              

                                6.4.7 Market Attractiveness Index           

7. Geographical Landscape                                         

                7.1 Global Vitamin B3 Market , by Region                             

                7.2 North America - Market Analysis (2021 - 2026)                            

                                7.2.1 By Country              



                                7.2.2 By Type    

                                7.2.3 By Form   

                                7.2.4 By Source

                                7.2.5 By Application       

8. Key Player Analysis                                    

                8.1 Glanbia plc                  

                                8.1.1 Business Description           

                                8.1.2 Products/Service 

                                8.1.3 Financials 

                                8.1.4 SWOT Analysis      

                                8.1.5 Recent Developments       

                                8.1.6 Analyst Overview 

                8.2 Lonza Group AG                       

                8.3 Spectrum Chemical Mfg. Corp.                           

                8.4 The Western Drugs Ltd.                         

                8.5 Ishita Drugs & Industries Ltd.                              

                8.6 Zhejiang Chemvplus Biotech Co.                        

                8.7 Yuki Gosei Kogyo Co., Ltd.                    

                8.8 The Chemical Co.                     

                8.9 Gehring Montgomery, Inc.                  

                8.10 NutraScience Labs                 

9. Market Outlook & Investment Opportunities                                 


                List of Tables                     

                List of Figures                   

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • The segment-level analysis in terms of by type, by application, by source, by form and along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analyzing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. North America Vitamin B3 Market By Type, From 2021-2026 ( USD Billion )
  2. North America Pharmaceutical Grade Market By Region, From 2021-2026 ( USD Billion )
  3. North America Feed Grade Market By Region, From 2021-2026 ( USD Billion )
  4. North America Vitamin B3 Market By Form, From 2021-2026 ( USD Billion )
  5. North America Wet Market By Region, From 2021-2026 ( USD Billion )
  6. North America Dry Market By Region, From 2021-2026 ( USD Billion )
  7. North America Vitamin B3 Market By Source, From 2021-2026 ( USD Billion )
  8. North America Synthetic Market By Region, From 2021-2026 ( USD Billion )
  9. North America Natural Market By Region, From 2021-2026 ( USD Billion )
  10. North America Vitamin B3 Market By Application, From 2021-2026 ( USD Billion )
  11. North America Agrochemicals Market By Region, From 2021-2026 ( USD Billion )
  12. North America Consumer Goods Market By Region, From 2021-2026 ( USD Billion )
  13. North America Nutrition Market By Region, From 2021-2026 ( USD Billion )
  14. North America Pharmaceutical Market By Region, From 2021-2026 ( USD Billion )
  15. United States Vitamin B3 Market By Type, From 2021-2026 ( USD Billion )
  16. United States Vitamin B3 Market By Form, From 2021-2026 ( USD Billion )
  17. United States Vitamin B3 Market By Source, From 2021-2026 ( USD Billion )
  18. United States Vitamin B3 Market By Application, From 2021-2026 ( USD Billion )
  19. Canada Vitamin B3 Market By Type, From 2021-2026 ( USD Billion )
  20. Canada Vitamin B3 Market By Form, From 2021-2026 ( USD Billion )
  21. Canada Vitamin B3 Market By Source, From 2021-2026 ( USD Billion )
  22. Canada Vitamin B3 Market By Application, From 2021-2026 ( USD Billion )

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