Overview
The global nicotinic acid market size was valued at USD 331.15 million in 2024 and is anticipated to grow from USD 338.24 million in 2025 to reach USD 400.67 million by 2033, growing at a CAGR of 2.14% during the forecast period (2025–2033). The growth of the market is attributed to rising prevalence of cardiovascular diseases.
Nicotinic acid, commonly known as niacin or Vitamin B3, plays a crucial role in the human body. It aids in energy release from the food we consume, the production of fatty acids and cholesterol, DNA repair, and the stress response.
Key Market Drivers
1. Rising Prevalence of Cardiovascular Diseases
The increasing incidence of cardiovascular diseases is a significant factor driving the demand for nicotinic acid. Niacin is used in therapies for lipid disorders, such as hypercholesterolemia, due to its ability to lower LDL cholesterol and triglycerides while increasing HDL cholesterol.
2. Growing Demand for Dietary Supplements
With the rising awareness about preventive healthcare, consumers are turning to vitamins and functional ingredients like nicotinic acid for improved metabolic, neurological, and skin health. This compound is widely used in multivitamin supplements and energy products, driven by the growing popularity of wellness-focused lifestyles.
3. Increasing Use in Animal Feed
The use of nicotinic acid in animal feed is gaining momentum due to its essential role in metabolic functions and overall animal health. It is widely incorporated into poultry and livestock diets to improve growth rates, reproductive performance, and feed efficiency.
Market Segmentation
By Source
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Natural: Held the largest share of approximately 97% of the nicotinic acid market in 2024, owing to rising consumer preference for clean-label and plant-based ingredients.
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Synthetic: Expected to witness steady growth due to advancements in chemical synthesis and cost-effectiveness.
By Form
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Dry: Dominated the global market due to its extended shelf life, ease of transportation, and cost-effectiveness in bulk handling
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Liquid: Gaining traction in specific applications, such as in pharmaceuticals and cosmetics.
By Application
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Animal Feed: Driven by its critical role in improving animal metabolism and productivity .
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Food and Beverage: Used as a fortification agent in various products.
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Pharmaceuticals: Utilized in therapies for niacin deficiency and lipid disorders.
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Cosmetics: Incorporated in skincare products for its anti-inflammatory and skin barrier repair properties.
By Distribution Channel
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Online Retail: Gaining significant traction due to increasing digital penetration and consumer inclination toward e-commerce .
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Pharmacies and Drug Stores: Traditional channels for purchasing nicotinic acid supplements.
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Health and Wellness Stores: Offer a variety of dietary supplements containing nicotinic acid.
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Supermarkets/Hypermarkets: Provide easy access to fortified food products.
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Veterinary Clinics: Source for animal feed additives.
Regional Insights
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North America: Dominated the nicotinic acid industry and accounted for a 33% share in 2024 .
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Asia-Pacific: Expected to witness the highest growth rate due to expanding pharmaceutical and agricultural sectors.
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Europe: Steady demand driven by the growing awareness of the health benefits of nicotinic acid.
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Latin America and the Middle East & Africa: Emerging markets with increasing adoption of dietary supplements and animal feed additives.
Challenges
Despite its benefits, the commercialization of nicotinic acid faces challenges such as:
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Regulatory Compliance: Adhering to stringent regulations in different regions.
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Environmental Concerns: Addressing the environmental impact of synthetic production methods.
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Market Competition: Competing with other forms of Vitamin B3, such as niacinamide, in various applications.
Conclusion
The nicotinic acid market is poised for steady growth, driven by increasing demand for dietary supplements, therapeutic applications, and its use in animal feed. As awareness spreads and production technologies improve, nicotinic acid is expected to play a significant role in global health and wellness trends.
