Vitamin B3 Producers and Vitamin B3 Market Trend

Vitamin B3, also known as niacin, is one of water-soluble B vitamins. The basic raw materials for the synthesis of Vitamin B3 are 3-methyl pyridine (3-MP), 2-4 methyl-5-ethylpyridine, 6-hydroxyquinoline and quinoline. There are 6 routes for Vitamin B3: reagent oxidation method with nitric acid and potassium permanganate as oxidant, ammonia oxidation method with ammonia and air as oxidant, direct air oxidation method, electrolytic oxidation method, biotransformation method and pyridine hydroxylation method.

The global vitamin B3 market size was 55,000 tons in 2017, growing to 60,700 tons in 2022, with a CAGR of 2.0% from 2017 to 2022. It is expected to grow to 64,000 tons in 2027, with a CAGR of 1.1% from 2022 to 2027.

The main global manufacturers of vitamin B3 are Lonza, Vertellus, Brother Enterprises, Shandong Hongda, Jubilant, Mianyang Vanetta. Some small players are Resonance Specialties, Yuki Gosei Kogyo, Zhejiang Lanbo, Tianjin Zhongrui, Mianyang Vanatta, Second Pharma, Shengda.

Vitamin B3 can be used in feed, accounting for 66.9%, followed by pharmaceuticals & cosmetics and food, accounting for 20.2% and 12.9%, respectively.